Friday, June 15, 2012
Marc Faber : the Euro is Doomed , only Germany will stay in Eurozone
Marc Faber explains that the Euro is doomed that we should fire all the Eurocrats in Brussels and that only Germany will be able to stay in the Eurozone Marc Faber : il faut licencier les technocrates , l'euro nous a ruiné
below is an improvised translation for those who cannot understand french :
host:You predicted a war 2 yrs ago, are you still thinking of it now?
Marc Faber : I think that the economy will not improve in the world, and usually people cure a bad economic situation by waging wars. It is obvious that the geopolitical tensions today are growing.
host: under which shape this war will occur?
Marc Faber : It's hard to tell, but it is obvious that China is Middle East oil dependent and that concerning the West, it seems that they intend to control the Middle East oil sells. I think this will increase the tensions between China and the USA. It might not be a conventional war, but it can be a guerrilla style war in countries such as Pakistan or Afghanistan.
host: therefore, there will be some military involvements in it? Is this what you meant?
Marc Faber : yes, for sure. By the way , Middle East is already explosing. That is totally obvious.
host: Today, Europe is catching more attention than the USA, Let's go straight:is the Euro condemned?
Marc Faber : Yes, some countries will leave the Euro zone: Greece, Spain, Portugal ..and maybe all countries except Germany.
Dr. Marc Faber Tomorrow's Gold
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
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