Sunday, March 11, 2012

Government interventions have created more economic and financial volatility

Marc Faber : Basically I will try to explain that instead of smoothing out the business cycle, government interventions have created more economic and financial volatility and have had very negative consequences for the US in particular. And as I pointed out earlier, these measures, such as some of the fiscal and monetary measures we've talked about, are based on erroneous economic sophism. - in the gold report

Marc Faber : Cash and Government Bonds are not very safe

Marc Faber : That in this environment of money printing, cash and government bonds are not very safe and that you have to navigate through different asset classes. Under normal conditions, cash and government bonds are essentially the safest investments—not investments with the highest returns, but the safest. That is not the case today. - in the Gold Report

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