Central banks will print money like there's no tomorrow

Capitalism Could Fail Like Communism said Marc Faber

"A sustainable recovery will occur only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen " said Marc Faber, the author of "The Gloom, Boom & Doom Report said . "The central banks will continue to print money at full speed, but long-term this strategy will lead to a fall in purchasing power and living standards, especially in developed countries , The years 2006 and 2007 were "the peak of prosperity" and the world economy is not likely to return soon to that level, Faber added , "I think the final low in markets will occur when the system is cleaned out," Dr Doom added "economic problem is to let the market work it through."
"The US government for sure will go bust. That I guarantee you. Not tomorrow, but it will go bust," he added.
"I think this is the beginning of a long-term bear market. And I think the government will have to keep interest rates artificially low because deficits will be too high," Faber said.
"People said fundamentals are bad and markets are going up for no reason. But money printing is a reason," he said
"The worse the statistics will be, the more money will be printed. Believe me, globally all the central banks will print money like there's no tomorrow." He concluded