Wednesday, July 31, 2013
The Problem with Money Printing is always that you don’t control where it goes to
Marc Faber : ... until the system breaks down. My view would be that there will be money printing, and the problem with money printing is always that you don’t control where it goes to.
I don’t think they will come to their senses for the simple reason that insane people don’t realize that they are insane. They think they’re doing a great job. I talk to these people from time to time, and I know some of them. If you have a serious discussion with them, they lean towards the view, “Had we not implemented the QE programs, we would be in the greatest depression ever, so we’ve done a fantastic job.” The view is also, “If anything, we need to do more not less
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.