You have to love it at 2:10 where Faber comments that "the private sector reacted rationally by cutting down on credit growth". Well, sure Marc, why incur more of that pesky debt when you can leverage a coup d'etat to liquidate liabilities and mainline interest-free, future funding fixes through open-ended federal bailouts. This is Faber's idea of a "rational reaction" -- rape and pillage the public purse and hollow out havens within political systems as arenas for financial terrorism?

Okay, I'll say something nice -- what a pretty pink tie!