Marc Faber : The Whole World Depends on China and no more on The American Consumer

Marc Faber : "We are living in a new world - in which the whole world no longer depends on the American consumer, but it now largely depends on China," he said. "Because as China expands they will buy raw materials, then the resource producers do all right, and then they buy goods from China and from other countries and so on and so on." , Dr Marc Faber told the Mining Indaba forum in Cape Town South Africa on Tuesday