Faber: If there is war in the world do you think that derivatives will be settled........Of Course Not!

Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero" | ZeroHedge

I am ultra bearish. I think most people will be lucky if they still have 50% of their money in 5 years time.
If there is war in the world do you think that derivatives will be settled........Of Course Not!

Greece should have defaulted - it would have sent a message that not all derivatives are equal because it depends on the counterparty.

" You have to have diversification - some real estate in the countryside, some gold and some equities

....because if you think it through, say Germany 1900 to today, we had WWI, we had hyperinflation, WWII, cash holders and bondholders they lost everything 3 times, but if you owned equities you'd be ok. In equities in general you will not lose it all, it may not be a good investment, unless you put it all in one company and it goes bankrupt." As for gold: "I am worried that one day the government will take it away." As for the one thing he hates the most? No surprise here -government bonds.

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