Marc Faber : We Are in A Worse Position Than in 2008

“It will end badly,” Marc Faber explains in this brief CNBC clip, “the question is whether we will have a minor economic crisis and then huge money printing or get into an inflationary spiral first.” If you thought that “we had a credit crisis in 2008 because we had too much credit in the economy,” then Faber notes “there is that much more credit as a percent of the economy now.”

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.