Monday, March 2, 2015

Central Banks are going to Bankrupt The World

From King World News:
Marc Faber: Central banks ‘are going to bankrupt the world’
Financial pundit Marc Faber, author of the popular contrarian “Gloom, Boom and Doom Report,” tells King World News that much of the world is tiring of U.S. government intervention and that it may even drive Western Europe out of NATO and into alliance with Russia. An excerpt from the interview:
KWN: “There is no question that the United States has been aggressive. We are aggressive in Asia, Ukraine, aggressive against Russia – that’s the danger, isn’t it?”
Faber: “Yes, correct. If you go to talk to ordinary people around the world, I would say 90 to 95 percent will not approve of U.S. foreign policies of meddling into other people’s affairs and doing so continuously and stirring up trouble everywhere they go. This is the view of most people in the world. And I tell you, the big surprise in 2015 could be that Europe gradually breaks away from NATO and lifts the embargo against Russia.”
KWN: “What is the greatest danger facing the world today?”
Faber: “The greatest danger is central bankers – they’re going to bankrupt the world. That’s for sure. It’s only a question of when and how it will occur.”
Listen to the entire interview.

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.

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Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.