Marc Faber, who is famous for advising his clients to get out of the stock market one week before the October 1987 crash, is attending the International Real Estate Investment and Development Conference in Dubai as I write this. Amy Glass of ArabianBusiness.com reported that Dr. Faber, who is serving as a guest speaker, warned attendees of impending doom for the U.S. currency. She wrote today:

Meanwhile, economics author Marc Faber told the conference the US recession would plunge the world into synchronised global financial chaos, and predicted the US dollar would be worthless within 30 years.

Source:

“Global real estate market slump until 2011”
Amy Glass
ArabianBusiness.com, October 6, 2008

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