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 accesseconomicessentially share on social
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 civileventuallylive Change image and share on social
Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed. Marc Faber bringconsequenceexercise Change image and share on social
The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger. Marc Faber barrelcigardanger share on social
The best way to deal with any economic problem is to let the market work it through. Marc Faber dealeconomicmarket Change image and share on social
I don't think Canada is very inexpensive anymore. I travel there all the time; it's rather on the expensive side. I think there's significant risk to the Canadian economy. Marc Faber anymorecanadacanadian Change image and share on social
I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view. Marc Faber cluelessconfidencediminish share on social
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 callcrisiscurrent Change image and share on social
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 businessmandisincentiveeconomy share on social
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 cancercrisiseconomic Change image and share on social
