Tuesday, April 23, 2013

Marc Faber : Printing money is the way Global Governments will evade Debt Crises

Marc Faber : Printing money is the way global governments will evade debt crises, such as the one that affected Europe. That would forestall the crisis rather than solve it, keeping prices elevated for assets like stocks, real estate in some areas and precious metal. Loose monetary policies, including low interest rates, intended as a short-term fix, can have unintended consequences later. Some people will benefit from money printing that deflates the purchasing power of currency, but the middle and lower income classes are being hurt.


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