American economy

Marc Faber, the author of "The Gloom, Boom and Doom Report," told that with its continued printing of money the US Federal Reserve will create a “final crisis” that will annihilate the US economy once for all. And thus he urges the investors who keep to the same view to hold stocks instead of bonds in their portfolios. Meantime, analysts expect that the Fed will decide to re-start easing monetary policy, possibly by buying assets, as early as Aug. 10 when the next meeting over policy is scheduled.

 On its official website in the FAQ section the U.S. Treasury Department says that it is accepting gifts to extinguish the $7.6 trillion national debt. All wishing people can mail their contributions to the attention of Department G, Post Office Box 2188, Parkersburg, West Virginia, 26106-2188. When sending their money individuals should note in a memo that it is a gift to reduce the debt held by the public.