“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.” ThinkingGivenEconomyHigherPercentGoldCrisisCreditPrinting Author: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.” WellsLongSufferingTermEconomyEconomicWorstLateMajorsDuesLong TermCyclesLastingTrendsMinorsCrashDemographics Author: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.” PeopleIfsWorldGovernmentEconomyEconomicPercentCrisisWesternCancerWestern WorldEconomic Crisis Author:Marc Faber
“In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.” PeopleEconomyMonthsSixOilBubblesCommoditySix MonthsHousingCentral BanksCuckoosHousing Bubble Author:Marc Faber
“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.” PeopleProblemTermViewsEconomyHigherTaxesNegativeRegulationBusinessmanGetting High Author:Marc Faber
