Marc Faber: The Coming Pension Crisis And Its Subsequent Fallout

Public & private pensions are under-funded. Will there be pitchforks when there’s no money available for pensioners’ retirements? Here’s Marc…

Marc Faber interviewed on SBTV

Returning SBTV guest Marc Faber, editor and publisher of “The Gloom, Boom & Doom Report”, warns about the under-funding in public and private pensions. Will there be pitchforks when pensioners realize there is no money available for their retirement?

Discussed in this interview:
01:31 State and public pensions are a disaster
05:11 When pensioners realize their pensions are not there
10:48 Western governments are bankrupt
15:30 Government gold confiscation and expropriation is coming
18:37 Jurisdictions safe to store gold and silver
20:55 The longest economic expansion cycle in history is artificial
24:09 Each incremental quantitative easing has lesser impact
32:47 Buying his first bitcoin