Marc Faber 20 Percent Inflation Coming Soon

Marc Faber predicts Hyperinflation soon

Dr Doom editor and publisher of The Gloom, Boom & Doom economic report Marc Faber predicts we'll soon have inflation of 10 to 20 percent.
"The numbers will rise so fast because the government "massively" understates the country's inflation rate" Marc Faber said
Marc Faber puts in doubt the official inflation numbers "It's a lie what they publish," he told CNBC.

"If you underweight education costs, and if you underweigh health care costs, then you come to a totally different result," he added.
"Since the creation of the Federal Reserve Bank in 1913, the dollar has lost 95 percent of its purchasing power" Faber said.

“It took 100 years to lose 95 percent (but) I think the next 94-percent loss in purchasing power will happen very quickly,” he said.

Marc Faber Gold Price will explode

Another Crash May Be in the Works

Marc Faber says " well for me gold is not expensive for the simple reason that if you look at the quantity of money that's been created and the quantity of debt that has been created on the last 10 , 15 , 20 years and you look at the quantity of gold and how much the production of gold is annually , it is so tiny so I believe that essentially Gold one day will be much much higher or turn it around that the value of money will just sink , because if you increase the quantity of money it's purchasing power goes down and with all this discussion about deflation all I can say , i do not know how much old you are but prices in Singapore are much higher than twenty years ago , prices in Switzerland are much higher than 20 years ago prices in America everything is much higher than twenty years ago indeed the purchasing power of paper money has gone down "

The financial crisis we have just been through is really the aftershock from the dotcom bubble, says Giles Keating of Credit Suisse. He tells Marc Faber of the Gloom, Boom and Doom Report & CNBC's Martin Soong that another crash may be in the works.