It is clear to me that the financial sector, including CNBC, loves central banks Marc Faber More Quotes by Marc Faber More Quotes From Marc Faber If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. Marc Faber cancer government people When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. Marc Faber flow doe people One day the price of gold will be higher than the Dow Jones. Marc Faber dow-jones one-day gold If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war. Marc Faber zimbabwe europe war I'd rather buy something that is relatively depressed than something that is relatively high. Marc Faber Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest. Marc Faber trends suffering long I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations. Marc Faber groups land thinking The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. Marc Faber views people negative The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations. Marc Faber media government law Something will break very bad. Marc Faber break The monetary policies of the US will destroy the world. Marc Faber monetary-policy policy world Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance. Marc Faber credit gold thinking I think 2015 will see a year where Europe outperforms the U.S. massively. Marc Faber europe years thinking I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt. Marc Faber united-states would-be thinking I am surprised with the reelection of Mr. Obama. The S&P is only down, like, 30 points. I would have thought that the market on his reelection should be down at least 50%. Marc Faber reelection should As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China. Marc Faber issues europe meaningful When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive. Marc Faber vintage real thinking Buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years. Marc Faber next children years If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates. Marc Faber issues bills government What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it. Marc Faber currents crisis government
