What worries me is this continuous blackmailing of countries by the America. Like the Swiss, they have to divulge the account names of Americans who had accounts in Switzerland and so forth. I think the Swiss government did a lousy job. They should have refused to divulge this information.
Anyways there was enough pressure and the pressure rose because Swiss companies have large holdings in America. The Americans said, you don't disclose us the names, we close down your shop in America and the banking lobby of course obliged.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
