“They are not going to tighten monetary policies any time soon. They are in the driver’s seat in the sense that they will always find an excuse to print more.
They will say, ’OK we have to increase the purchases of assets because now the yield on Treasury bonds has gone up substantially, from less than 1.5% on the 10-Year note a year ago, to 2.68% as of today.’ So they will say, ‘That may damage the economy, so we have to buy more assets.’
And if they do that then the inflation rate may pick-up, and real wages may decline even more. Then they will say, ‘Well, we didn’t do enough because the population isn’t doing well.’ They will always find an excuse to print more. And as you said, it will end in disaster. There is no doubt about that.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/5_Marc_Faber_-_This_Will_End_In_Disaster.html
Faber – Brace For Financial Destruction & Sovereign Defaults
On the heels of Friday’s gold and silver smash, Marc Faber warned King World News about the extraordinary dangers that will cause destruction in the global financial system. This is part II of a series of written interviews that will be released today on KWN in which Faber discusses the end game, government theft, how investors can protect themselves, gold, silver, bail-ins, central planner actions, global markets, and much more.
Eric King: “What is the biggest danger in the financial world as you see it?”
Faber: “I think we have many dangers. The biggest danger is governments themselves with their interventions into free markets, and their fiscal policies….
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/6_Faber_-_Brace_For_Financial_Destruction_%26_Sovereign_Defaults.html
Dr. Doom: “A Lot Of Problems Are Coming… Revolution… Social Strife…”
Famed economist and investment guru Dr. Marc Faber of the Gloom, Boom and Doom Report weighs in on global happenings.
He predicted the collapse of global financial markets in 2008, and pegged their subsequent rise to the day back in 2009.
If there’s someone out there with his finger on the pulse of the financial crisis and where we’re headed next, it’s Doctor Doom.
If you have ten minutes today, and are looking for some realistic insights into financial markets, the monetary machinations behind the scene, and the non-traditional investments you should be focused on going forward, take the time to listen to the good Doctor.
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