Marc Faber told CNBC that he thinks that the G20 is a total waste of time :
"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." he said
speaking about the dollar and inflation / hyperinflation he said :
"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 also explained that he is very bullish on emerging markets which are now forming a rising block and where the cars sales have for the first time surpassed the sales in Europe and in America he is obviously talking about third world giants like China India and Brazil :
"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 said.
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