Marc Faber : “Well, that is a very good question. I wish I knew the answer
precisely. I suppose what will happen at some point is that both the
fiscal deficit question will have to be addressed, and that less money
will have to be printed, which will then have a negative impact on asset
markets…”
“Now will it just trigger a correction or a more serious bear market
in asset prices? Who knows? Once this happens, since most of the
economic activity was supported by the rise in asset markets, I suppose
they will print more money, and again have larger deficits.”
“So we don’t know exactly when the end will come. It could be 1 year
from now, 3, 5, 10 years from now, but obviously one day it will come to
an end. The longer it’s not seriously addressed, and the way I look at
Congress they are not going to undertake serious decisions any time
soon, the longer it’s not addressed the more structural damage will be
done to the economy, and to society.”
- Marc Faber, via a recent King World News interview
Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_This_Is_How_The_Great_Money_Printing_Experiment_Will_End.html
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