Marc Faber : This QE has not boosted Employment for the ordinary people

Marc Faber : "Whenever the market is obsessed with one indicator, whether in the 1970s when it was the money supply, or in the 1980s, when it was the deficit, employment, it usually loses its relevance,""In 2009 they started with QE1, (I believe) we would go up to QE99 or there will be an unlimited QE over time, I still believe that. The only thing is that over time the impact of QE or money printing loses its traction," "This QE has not boosted employment for the ordinary people but has boosted the asset prices that are owned by very small portion of the population, the 1 percent, it is not even 1 percent, it may be 0.5 percent that benefits from rising stock prices, rising high end property prices in the Hamptons," - in CNBCTV-18