Sunday, April 8, 2012

Marc Faber : The money printing will not create long-lasting wealth

Marc Faber : well, basically I think that whole bailout and the money printing will not create long-lasting wealth, nor will it create healthy economic growth. and if i look at the world, then i see essentially well to do people that have done unbelievably well and i see the middle class and working class that hasn't done well. and i think somewhere down the line we will have a massive wealth destruction. that usually happens either through very high inflation or through social unrest or through war or credit market collapse. maybe all of it will happen but at different times - in CNBC


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