Marc Faber : Capitalism is at the End

( summarily translated from German ) According to legendary investor Marc Faber , we already live in a financial economy in which the debt and capital markets exceed the value of the real economy by far . And that's befeuere the formation of bubbles. Bursts it the next time , then this is the capitalist economic system as we know it, shaken bringen.Die numbers speak for themselves: In 1980, the market capitalization of the U.S. stock market was less than 40 percent of gross domestic product ( GDP). The debt , measured in credit markets , was about 130 percent of GDP. Today these figures are higher , according to Marc Faber many times : The market capitalization has reached over 100 percent of GDP , the debt about 300 percent. This is consistent with figures from the consulting firm McKinsey. After calculation, the global debt still stood in 2010 at 158 ​​trillion. In 2012, there were already $ 200 trillion - and rising. This makes for a worldwide economic power of slightly more than $ 71 trillion about three times .

It is a powder keg on which we sit . In a normal real economy , said Marc Faber sets now in a current on the website "The Daily Reckoning " published contribution that the debt and equity markets are small - and there in order to steer the accumulated capital into investments. Net interest acts as a regulator . That is, there are only those made ​​with the capital investment that is truly an attractive return , so a higher yield than fixed-income investments bring .

Speculative bubbles encourage innovation