Marc Faber : The FED and the Government Interventions create problems and inflates bubbles

Chris Martenson Interviews Marc Faber

Marc Faber : "..... I think that the government’s intervention into the free Market created the problems in the first place and we certainly have to view the Federal Reserve as having intervened into the free markets by keeping interest rates artificially low for far too long between 2000 and 2007. So their intervention at the present time is actually nothing new, it’s just larger in terms of scale and if you go back to the Federal Reserve starting with the early ‘80s, each intervention whether it was flooding the system with liquidity to save the S&L institutions or save Mexico in the Tequila crisis or LTCM in 1998 and so each intervention became larger and larger and created more misallocation of capital. And I think this will also be the case today." says famed contrarian investor Dr. Marc Faber in an interview he gave to ChrisMartenson.com this week.
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