Marc Faber Thinks the Fed Will Finance Treasury Interest Payments Independently if Congress Doesn't Raise the Debt Ceiling By October 17 (Video)

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Here are Marc Faber's views on the debt ceiling and threat of default on October 17, 2013 (Bloomberg video after the jump). He also talked about gold, the S&P, Treasuries, inflation and the lack of safe haven assets.

If they don't agree by the 17th, I think what can happen is that the Fed will actually finance the Treasury independently so the interest payments are being met. Because if the interest payments are not met, I think it will cause quite a big disruption to the financial markets. So I'm not so concerned about that.


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