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Marc Faber Quotes

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The politicians are all useless individuals. Nobody is reducing the problems in the U.S. or Europe, just putting on a Band-Aid and postponing the problems endlessly.  (Marc Faber Quotes) The positive aspect of my negative view is essentially that you shouldn’t own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities.  (Marc Faber Quotes) As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China.  (Marc Faber Quotes) If you’re in any field, you should own a farm because one day you will be grateful that you are able to grow your own agricultural produce.  (Marc Faber Quotes) The reason I am so negative about the Federal Reserve’s policies is that they only target core inflation and argue that they can’t identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.  (Marc Faber Quotes) My worst investment decision so far is to lend money to friends. So far, it has all come to zero.  (Marc Faber Quotes) If you really believe that every three years the market will double, then go and buy shares. I don’t believe that.  (Marc Faber Quotes) It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people - to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to, but because Mr. Bernanke enabled them to be profiteers.  (Marc Faber Quotes) I do know some of the world’s richest people. In monetary terms, they all performed very well. In terms of a fulfilling life, I am less sure.  (Marc Faber Quotes) The best way to deal with any economic problem is to let the market work it through  (Marc Faber Quotes) Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.  (Marc Faber Quotes) I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.  (Marc Faber Quotes) I don’t think Canada is very inexpensive anymore. I travel there all the time; it’s rather on the expensive side. I think there’s significant risk to the Canadian economy.  (Marc Faber Quotes) When it comes to money, the best investments were probably the ones I did not make  (Marc Faber Quotes) Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don’t own any gold. They’re all stocked up in equities.  (Marc Faber Quotes) This is the choice in life. You choose what is less bad. I don’t particularly like Mr. Obama, but I think he is less bad for the world than Mr. Romney. It is a tragedy of life that both candidates did not lose the election. They would have deserved both to lose.  (Marc Faber Quotes) The problem with Mr. Obama is that you get more regulation and it’s a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view  (Marc Faber Quotes) In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months  (Marc Faber Quotes) If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom  (Marc Faber Quotes) I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn’t care about piling up debt  (Marc Faber Quotes) It is clear to me that the financial sector, including CNBC, loves central banks  (Marc Faber Quotes) When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker  (Marc Faber Quotes) What I object to the current government intervention in so-called ‘solving the crisis’, they haven’t solved anything. They’ve just postponed it  (Marc Faber Quotes) If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war  (Marc Faber Quotes) Something will break very bad  (Marc Faber Quotes) I think there are some groups of stocks that are highly vulnerable because they’re in cuckoo land in terms of valuations  (Marc Faber Quotes) The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations  (Marc Faber Quotes) I’d rather buy something that is relatively depressed than something that is relatively high  (Marc Faber Quotes) When I look at asset prices; real estate, bonds, equities, vintage cars… I think that gold is actually one of the few assets that is relatively cheap, relatively inexpensive  (Marc Faber Quotes)