Nikkei 225 20 Year Chart -73% (Courtesy of Yahoo Finance)
Mish thinks there's a 50% chance the S&P could hit a new low below 666. Marc Faber disagrees, he thinks a harsh correction would bring on more money printing by the Fed to provide a backstop.
In the second video they both believe people should prepare for a US debt disaster. Marc Faber thinks the collapse of civilization has already begun because he got carded for a beer at the airport, lol. Marc said you should accumulate gold, build up assets outside the United States, own properties outside of major cities and he's plotting out Mish's house for a hideout.
Source: Tech Ticker