This is not because of fundamentals, mind you. Faber's forecast is based on inflation caused by Western countries printing money. This western, mostly US inflation is being exported to the East, or emerging countries, affecting the weakest population segments of their economies.
To me, this looks like an East versus West full blown currency war. Faber also discusses the US Military presence in the East, and how it is viewed there, particularly by China. He is also bullish on oil for various scenarios that could play out.