Personal Finance Advice and Commentary

Tuesday, April 03, 2012 6:24 pm
By Judy Martel · Bankrate.com

Predicting a rise in inflation or a drop in the stock market at some point in the future reminds me of the saying, “Nobody gets out of life alive.” The inevitability simply reinforces the fact that there is no avoidance; we can only prepare and plan.

This week on CNBC, Marc Faber lived up to his nickname, “Dr. Doom,” by predicting a catastrophic investment loss for investors, particularly the wealthy.

Faber, editor of the “Gloom, Boom & Doom Report,” says within the next few years, high inflation will wipe out up to half the wealth of the affluent because the government has been printing money in response to its inability to control debt.