In the latest issue of the Gloom Boom Doom Report, Dr. Marc Faber tells readers why he sees good times ahead for commodities.

The reason is the exploding federal deficit – a record $1.6 trillion in 2009 and the White House estimates another $9 trillion between 2010 and 2019.
The U.S. government now pays around $350 billion each year just on interest, Dr. Faber says, and it will soon get to the point where new debt will have to be issued just to cover interest payments on the massive federal debt.
Its like using one credit card to pay off another credit card. It might be your only option in a pinch, but its not a viable long-term strategy.
Dr. Faber calls this a quot;Ponzi schemequot; that will further debase the U.S. dollar.
A weak dollar is good for gold, oil and other natural resources, and this is why Dr. Faber favors commodities. He does caution that the U.S. dollar could see a short-term bounce – negative sentiment for the dollar has pushed it so low that a brief correction is statistically likely.
Well have a lot more from Dr. Faber when he joins me for a webcast next Wednesday, September 9 at 11:00 a.m. Eastern. Its become a special annual event to have Dr. Faber share his thoughts with our listeners, and he never disappoints.
Theres still time to register to listen live or have a notification sent to you when the replay is available. Visit the link below for details on what well cover and how to sign up.
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