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Marc Faber: "Fed Will Destroy The World"

"Everything will collapse" is the consequence Gloom, Boom, & Doom's Marc Faber sees from the Fed's latest 'stimulus' (and the fallacy and misconception of how money-printing can help employment). In a wondrously clarifying interview on Bloomberg TV this morning, Faber explained why he was 'happy', since "the asset values of his holdings will go up" but as a responsible citizen he is worried because "the monetary policies of the US will destroy the world." It truly is class warfare under a veil of 'its good for you' as he notes: "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." Congratulations, Mr. Bernanke.

Video below. Must-watch (or read the transcript) - it is truly remarkable.

http://www.zerohedge.com/...



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Nice

This guy is great!

I agree with Marc Faber. If

I agree with Marc Faber. If gold goes too high our government will confiscate it.

Bob Marshall

This man make perfect sense.

This man make perfect sense.

Bob Marshall

Marc Faber: Ben Bernanke

Marc Faber:

Ben Bernanke should be ASHAMED of his track record, what he has done to destroy US economy so far and what he is doing to destroy global economy:

http://www.cnbc.com/id/49029923

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Look beyond the boarders to other American countries.

In Brazil the government is buying U.S. dollars in order to keep the local currency from skyrocketing. This is attracting a lot of investors to the country and therefore the country is exploding with jobs and growth in the area of exports. In other words U.S. investors are fleeing the country. By the way lots of farmland for sell in Brazil which is the largest producer of soybean in the world, with the government building railroad systems and roadways to improve transportation.
grant

The man

Should be Arrested.

BREAKING!

A picture of Bernanke as a child has just surfaced, http://i.imgur.com/XaiUx.gif

Ha, ha...

Very cute! Thanks for the smile...

Sweet Liberty

aaaaaand......we've been downgraded due to QE3

http://www.cnbc.com/id/49037337

Thanks, Ben!

With liberty and justice for all...who can afford it.

sharkhearted's picture

All I can say is...

WOW

~Chris
Norfolk, VA

Time to INVESTIGATE the investigators of 9/11. PROSECUTE the prosecutors. EXPOSE the cover-up.

It could be argued that money

It could be argued that money cannot be printed, i.e. that it is only currency that can be printed. As arcane as that may sound, I think it's an important distinction.

If you look away, he sounds

If you look away, he sounds like the Berger Meister from Santa Claus Is Coming To Town.

"Der vill be no more money printing in Financial Town!"

Otherwise, he's spot on.

reedr3v's picture

Tellin' it like it is

.

+ 1

FED # 1 security threat to America.

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