G20 is a Complete Waste of Time. Marc Faber is bullish on emerging markets

"My view is that this G20 meeting is a complete and total waste of time," he said. "Nothing will be achieved except that they will implement regulations that are even worse than the regulations that brought us all these problems." Marc Faber told CNBC today

The G20 is a complete and total waste of time and the new regulations will be even worse than the old ones, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report told CNBC. Michael Gurka from Empower Global Funds joined the discussion.

"If you have interest rates at zero essentially you discourage people to save and encourage them to speculate," he said. "I look at the US dollar. Whenever a currency is weak, it's weak because of some inflationary pressures."
Marc Faber is very bullish on emerging markets
"I think that people will have to rethink the world and that they should have little money in the US and have 50 percent of their funds in emerging economies," he added

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