"Dr. Doom" Forecasts Dirty War

In an address to a gathering of 700 pension and sovereign wealth funds, Marc Faber recommended the managers buy gold and rural property for their personal accounts. He foresees a "dirty war:"

“The next war will be a dirty war,” he told fund managers: "What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?”

His investment advice, which was the first keynote speech of CLSA’s annual investment forum in Tokyo, included a suggestion that fund managers buy houses in the countryside because it was more likely that violence, biological attack and other acts of a “dirty war” would happen in cities.

He also said that they should consider holding part of their wealth in the form of precious metals “because they can be carried”.

He's sure, as are others he talked to prior to the conference, that the forecasted war will involve the United States as one of the combatants. He also believe that the U.S will go bankrupt.