Friday, July 8, 2011

Marc Faber : Central Banks around the world are debasing the value of money

Marc Faber : ...well the thing is this I used to think that he (Ben Bernanke) is not particularly smart , but now I think that he is not particularly honest , and I actually do not pay any attention anymore to what he says I just look at say inflation figures but real inflation figures not the ones that are published by the government and I look at market action , I mean there must be a reason why over the last ten years the price of Gold and Silver are up more than five times it's money printing and the loss of purchasing power of paper money and this is what central banks have been doing not just in the US but also elsewhere- in CNBC

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