Is it TOO LATE? Marc Faber thinks so!

The economy is NOT recovering, they say, and the U.S. faces a depressing "eventuality" of either crushing deflation (Mish Shedlock) or runaway inflation (Marc Faber). The timing and type of this eventuality is uncertain, say the gurus, but they are certain it's too late for America to change course.

"It's beyond repair -- it's too late," to avert fiscal disaster, Faber declares.

Mish agrees: "The day of reckoning has arrived. The question is how long it takes to play out."



This grim outlook doesn't mean you're helpless. Faber recommends individuals prepare for doomsday by buying gold, owning assets abroad and buying property outside of major cities.