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 Read Quote
My view is that the U.S. market will eventually join the emerging markets on the downside because if you take a bearish view about emerging economies, you cannot be too optimistic about the U.S. because for many U.S. corporations, 50 percent or more of their profits come from emerging economies. Marc Faber Read Quote
Now, McDonald’s is a very good indicator of the global economy. If McDonald’s doesn’t increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power. Marc Faber Read Quote
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 Read Quote
I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. Marc Faber Read Quote
When it comes to money, the best investments were probably the ones I did not make. Marc Faber Read Quote
When you have a perfect free market, it’s difficult to predict the future. But when you have a market that is disturbed by government manipulations and money-printing, it’s impossible to make any predictions. Marc Faber Read Quote
I don’t particularly like equities, but I think equities are a better space to be in than bonds. Marc Faber Read Quote
The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music. Marc Faber Read Quote
