Marc Faber :The Stock Market is different from the Real Economy

Marc Faber The bankers get The Money Free of Charge - ABC Australia 2009

Marc Faber : we have to distinguish between the stock market and the real economy , you know the real economy begun the recession in late 2007 and then between September 2008 and march 2009 we fell off the cliff and then we were at the very low level of the economic activity then the huge stimulus package kicked in , the money printing kicked in , in other words zero interest rates quantitative easing by the Federal Reserve and also other central banks and that then stabilized the global economy and when you have car sales dropping 50% and more then you get of course have a rebound but the question is how sustainable the rebound will be or is this rebound actually borrowed from the future , and in my sense is and here I am talking about the economy , that the economy near term can recover may be the recovery can be somewhat lengthier than expected the crackup boom because the first stimulus package in the US probably will be followed by a second one and money printing will lead to even more money printing next years so it can last twelve to eighteen months , and then we gonna get another set of problems rising from ..each government action has unintended consequences .....
"You need to be really dumb dumb dumb not to make money when the government gives you money free of charge" "for the bankers they get money free of charge , I wish every person in Australia who has an honest business will get money free of charge then they also make a lot of money , the bankers get money free of charge so that they can do things and make money..." " and the worse the economic conditions will become the worse the property market will become the more money in the US will throw at the system and the more bailouts will follow ...actually you should buy banks stocks in the world in (the short term) in let's say twelve months or so.....I think one stimulus package will lead to the next one and to more money printing , I think in five to ten years time the real crisis will break out when the whole system collapses....That will be the end...says Marc Faber author publisher and editor of the Gloom Boom and Doom Report.....
Marc Faber reckons that Australian "property market is inflated" and that in 5 to 10 years an utter economic collapse will occur in the USA .