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Marc Faber: “It’s Gonna End One Day… Through War Or Financial Collapse”

Posted By yihan On July 28, 2013 @ 4:38 am In Money Watch | Comments Disabled

Zero Hedge [1]
July 28, 2013

Given more than his normal 30-second soundbite on mainstream media, Marc Faber is able to discuss in considerably more detail his views on the massive growth in global financialization (when compared to real economies) noting that “one day, this financial bubble will have to adjust on the downside.”

This will occur via either an inflationary burst or a collapse of the system. Simply put, “it’s gonna end one day,” either through war or financial collapse, “it will be very painful.” The Gloom, Boom, and Doom Report editor notes current asset valuations are driven by excess credit creation, printing money, and distorted market signals, and the unintended consequences of the effect on investor psychology are perfectly mis-timed. Faber concludes with a discussion of the inflationary impact of US monetary policy and where it is seen (and not seen) and the global social unrest implications of middle class discontent.

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URL to article: http://www.prisonplanet.com/marc-faber-its-gonna-end-one-day-through-war-or-financial-collapse.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-07-26/marc-faber-its-gonna-end-one-day-through-war-or-financial-collapse

[2] MARC FABER: ‘Something Will Break Very Bad’: http://www.prisonplanet.com/marc-faber-something-will-break-very-bad.html

[3] MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun: http://www.prisonplanet.com/marc-faber-obama-is-a-disaster-the-stock-market-should-have-fallen-50-and-you-should-buy-yourself-a-machine-gun.html

[4] Marc Faber Resumes Bloodfeud With Treasurys, Still Sees Entire Financial System Imploding: http://www.prisonplanet.com/marc-faber-resumes-bloodfeud-with-treasurys-still-sees-entire-financial-system-imploding.html

[5] Marc Faber Sees No Bubble in Gold Price Run Up: http://www.prisonplanet.com/marc-faber-sees-no-bubble-in-gold-price-run-up.html

[6] MARC FABER: The Stock Market Has Peaked: http://www.prisonplanet.com/marc-faber-the-stock-market-has-peaked.html

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