The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities. Marc Faber aspectassetbond Change image and share on social
Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks. So well-to-do-people have done very well. Marc Faber assetboostcredit Change image and share on social
It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people - to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to, but because Mr. Bernanke enabled them to be profiteers. Marc Faber attackbernankecat share on social
It's pointless to talk to Fed members about economics because they are academics who believe in money-printing. Some of them believe they didn't print enough, and so with these kinds of people, it is like running to the pope. What do you want to tell them? Marc Faber academiceconomicsfeed share on social
I do know some of the world's richest people. In monetary terms, they all performed very well. In terms of a fulfilling life, I am less sure. Marc Faber fulfilllifemonetary 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
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
When people talk about people who are optimistic about gold, they call them 'gold bugs.' A bug is an insect. I don't call equity bugs 'cockroaches.' Do you understand? There is already a negative connotation with the expression of 'gold bug.' Marc Faber bugcallcockroach 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
The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke. Marc Faber assetbernankeboost share on social
