Geopolitical tensions are rising. You can't hold the Fed responsible for that, although without money-printing, the price of energy would be lower. I was in Ethiopia and Egypt at this time last year. The Asians have a future; they can advance, and tighten their belts. But a country like Egypt is much worse off today. The Nile Valley can't feed the people. Many countries in the Middle East could go up in flames.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.