Marc Faber: "China and the U.S. are on a collision course"

From Zero Hedge:

Marc Faber was on Bloomberg TV sharing his thoughts on China's fifth RRR tightening in 2010. While the man whose on the ground perspective affords him a good sense of what is really happening, does not anticipate major adverse developments out of the recent round of tightening posturing, he does warn that unless China manages to control commodity inflation, things could get ugly, essentially reiterating what Albert Edwards said yesterday.

"Inflation is a dangerous situation everywhere in the world. I think in general that Consumer Price Indices published by China and the US do not reflect the real cost of living that households in these countries have. In Emerging Economies it is worse in...

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Marc Faber: Don't worry if gold crashes...

From BI-ME.com:

... Faber also said there could be a significant correction in gold and other commodities as the dollar changes course. However any large decline would represent a buying opportunity, he argues.

The governments of every developed economy, including the US, the UK, and Western Europe, will eventually default on their sovereign debts, so the one thing he will never do in his life is 'sell my gold...

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More from Marc Faber:

Marc Faber: The Western world is going bust

Marc Faber: Obama makes Bush look like a genius

Marc Faber: A major market "turning point" is coming

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