Saturday, October 27, 2012

Marc Faber : we will have a Colossal Crash in the Financial System

Marc Faber : “Eventually we will have a colossal crash in the financial system, colossal, and all of you will be lucky if you lose only 50%,” he said. “I would make provisions for the day asset markets come down because every inflation eventually turns in to deflation. When it happens I don’t know, but it is usually when the working class is impoverished and then the country has to blame someone and they go to war,” Faber said at the Diversified Asset Show in central London today
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.