Marc Faber The S and P 500 is unlikely to go below 666 points

Dr. Marc Faber in Brussels during the Royal Bank of Scotland Seminar

Marc Faber believes that the FED will keep the interest rates close to zero for a long time to come , "If you keep interest rates at zero, you eliminate the primary function of your money. It loses its value. The Fed keeping interest rates at zero, just makes the cash repulsive" Marc Faber said
"The U.S. debt has now reached 373% of its GDP, and this does not yet include Medicare and Medicaid plans, or maturities as the retirement of baby boomers. Overall, if you add up everything, we reach 800% of GDP. By keeping interest rates low, the government makes interest payments on its debt less difficult to bear. But when the Fed will raise its interest rates, it will inflate its debt. And at this pace, in ten years, 35% of tax revenue will be used to repay that debt, " He added
The S & P 500 is unlikely to go below 666 points Marc Faber explained , Marc Faber as usual recommended physical gold kept outside of the United States borders ...

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude.
Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong.
Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.