Marc Faber : Well-to-do people may lose up to 50% of their total wealth

Marc Faber : well, I mean, I would say that well-to-do people may lose up to 50% of their total wealth, they'll still be well to do. instead of a billion, they'll have say 500 million. but I think there is a massive wealth destruction coming down the line. I'm not saying it's coming tomorrow but I think looking at the bailout and the money printing, they basically have postponed the problems and actually made them larger in the sense that the government debt has increased dramatically and somewhere a solution will have to be found for this government debt - in CNBC

Marc Faber : The money printing will not create long-lasting wealth

Marc Faber : well, basically I think that whole bailout and the money printing will not create long-lasting wealth, nor will it create healthy economic growth. and if i look at the world, then i see essentially well to do people that have done unbelievably well and i see the middle class and working class that hasn't done well. and i think somewhere down the line we will have a massive wealth destruction. that usually happens either through very high inflation or through social unrest or through war or credit market collapse. maybe all of it will happen but at different times - in CNBC

Marc Faber : The unfunded liabilities increase rates substantially

Marc Faber : Yeah, plus the pension fund industry. They have to have some returns. When interest rates are at zero on cash deposits and on, say, long-term government funds on the ten year notes, say, two percent of thirty years, three percent, they cannot meet the liabilities so the unfunded liabilities increase rates substantially. - in Chris Martenson Interview