Wednesday, August 29, 2012

Marc Faber : We have Money Counterfeiters at the Central Banks

Marc Faber on Bloomberg Radio 28 Aug 2012 " ...The facts are we have a global economy that is decelerating very rapidly , month on month here in Asia in July industrial production declined sharply , in Europe with the exception of Germany is in recession , so you can assume that the whole continent has no growth at the present time and in America considering the fiscal deficit the economy is not doing well , and in China we have a country that is at present far weaker than what the statistics have published so that is negative , on the other hand you have the money printers the counterfeiters at the central banks they're going to print money and more money and more money
Bookmark and Share

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.