The universities in Europe are strongly biased towards the Austrian School of Economics

Dr Marc Faber visited recently the Faculty of Economics at the university of Zurich from where he graduated and he talked about his memories and how it was at this university that he got influenced by the Austrian School of Economics thinking : The professors we had were really world class ...I have learned how to write about something you do not know anything about , starting with a paper with no knowledge we have to go ans get knowledge to collect the information and then to write the paper , secondly I think I had some professor that influenced me in my thinking , because in America you have more the American school of economics whereas here in Europe particularly in Zurich we had strong biased towards the Austrian School of Economics that has influenced my thinking greatly ....Click Here to watch the full Interview >>>>

The end crisis will be postponed until the sovereigns go bankrupt

Marc Faber : "The end crisis will be postponed until the sovereigns go bankrupt,"

"They can postpone the end-game endlessly...say another five to 10 years. Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed." - in CNBC Interview

I rather own equities than government bonds for the next 10 years

Marc Faber : "When you print money everything goes up at different times, different asset classes,"

"I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years." - in CNBC interview