You just mentioned that central banks print like there’s no tomorrow and the debt levels, especially unfunded liabilities are at all-time highs. Do you think will we see a deflationary bust or a Zimbabwe style hyperinflation? In other words are we approaching the end of a long-term debt cycle?
Marc Faber : Yes, eventually we’ll have a collapse or deflationary bust in asset markets. That’s inevitable. Printing money can postpone such a collapse but eventually the bust will occur. Every inflation, whether consumer price inflation or asset inflation, eventually comes to an end. - in goldsilverworlds.com
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.