Marc Faber : The purchasing power of Money has diminished very significantly over the last ten, twenty, thirty years
Marc Faber : "In general, I think that the
purchasing power of money has diminished very significantly over the
last ten, twenty, thirty years, and will continue to do so. So by being
in cash and government bonds is not a protection against this
depreciation in the value of money.
The central banks around the
world gone the path of money printing and once you choose that
path you're in it, and you have to print more money."