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Governments 'Will Bankrupt Us': Dr Gloom

Wednesday, 21 Apr 2010 | 8:10 PM ET

The world is doomed because the governments are taking over and will bankrupt us, says Marc Faber, editor & publisher at The Gloom, Boom & Doom Report. He also tells co-guest host Michael Yoshikami, founder, president and chief investment strategist at YCMNet Advisor, CNBC's Bernard Lo and Karen Tso, that the Goldman fraud case was mainly political.