US Bonds Should Be Rated Junk Status

Dr. Marc Faber, editor and publisher of the Gloom, Boom and Doom Report, told CNBC, "Between 2000-2011 US debt has grown three times and the expansion of the debt will continue and what the official statistics don't show you are the un-funded liabilities that are growing at a much faster rate than the official deficit."

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.