India and China will continue to Buy Iranian Oil

Marc Faber : India and China will continue to buy Iranian oil. You know what the Chinese say and what they do are two different stories. And I think that yes, the world could probably live without the Iranian oil. But obviously, if it came to a confrontation and the sea lanes were interrupted, then obviously, there could be a spike in prices. in Seeking Alpha

The aim of Iran is to have nuclear weapons

Marc Faber : Time is on their side. I’ve seen it with the Japanese negotiations in the ’70s. The Americans always went to Japan and wanted to force Japan to essentially let the yen appreciate strongly. And the Japanese always said, “Yes, yes; we do.” And then nothing happened. But they bought time. And if you talk to the Chinese, they also bide time. Politicians are very good at postponing important decisions. And so the Iranians will always comply a little bit and continue their programs. In my view, it is crystal clear that the aim of Iran is to have nuclear weapons. Now we may argue, “Well, should they have or shouldn’t they have?” Pakistan and India and France and Britain and the U.S. and Israel have nuclear weapons. Why should other countries not have? I think Switzerland should have nuclear weapons. - in Seeking Alpha

A Breakup of the Eurozone not a Disaster

Marc Faber : It’s very interesting that you bring this up, because I think the public is being brainwashed by governments and the media that interventions by the government are desirable, and that more stimulus is required, and more government spending on all kinds of programs is needed. And they argue if the banks hadn’t been bailed out, you would have a catastrophe. This is the same way that the people in Europe, the media and the government and the interventionists at the Financial Times, will tell you a breakup of the eurozone would be a disaster. But so far, nobody has been able to explain to me, in simple terms, why a breakup of the eurozone would be a disaster. I don’t see it as a disaster. On the contrary, I think countries like Spain and Italy and Greece and Portugal should be out. - in Seeking Alpha