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Friday, July 4, 2014
Marc Faber: Deflation ‘brainwashing,’ the most attractive precious metal & central bank shenanigans
“The media and the Fed and other central bankers are brainwashing the public in fearing deflation, when in fact, there is still a lot of inflation in the system.”
“I believe in one equation: The more the Federal Reserve and other central banks print money, the worse the economy of the typical household will become.”
“I don’t quite understand why anyone would be disillusioned by the movement in the gold price,” Faber says. “In my view, there is no dock anymore because we have a money printing environment so we don’t really know where to park our boat or car,” he says. “With all this money printing, nobody – nobody – will trust paper money in the long-run.”
Kitco News speaks with Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report," to see what he thinks of gold these days. "I don't quite understand why anyone would be disillusioned by the movement in the gold price," Faber says. But has the boat left the dock for gold? "In my view, there is no dock anymore because we have a money printing environment so we don't really know where to park our boat or car," he says. Faber comments on the recent Chinese gold scandal, tensions in the Middle East as well as central banks policies ahead of the much anticipated ECB meeting on Thursday. Perhaps deflation isn't even as much of a threat that so many analysts make it out to be? Tune in now to hear more from the famous contrarian investor Dr. Marc Faber. Kitco News, July 2, 2014.
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.