marc Faber was on Chris Mortenson's peak prosperity website seeing global economic declines everywhere and worried about the worth of the dollar collapsing. He says all this money printing is threatening to turn the value of the dollar into a penny as history shows what occurs in other countries although the only examples they draw upon is pre-war Germany and an African despotic landlocked country of no value in Zimbabwe. The United States is not Zimbabwe and money printing has helped this country void a thirties depression era where people had to survive eating soup. Marc Faber is just full of shit with everything he says and his push for gold and silver investing and value should be taken no more serious as paper money. The economies are not rebounding because of the casino and resource extraction culture that is putting debt for the world as the rich classes refuse to share nor cut their extreme and abusive spending habits mostly reaping their profits from a globalized system that abuses many of the worlds workers with peon wages. This is something you will never hear this old man say and admit to the real problem.
This guy is another fear monger in the internet world pushing his website and investing guruness, yet he gets tons of air time as a serious and credible man on economic matters. Faber is most worried about the creeping socialism everywhere and says that a wealth tax would be brutal for the wealthy classes. he really has trouble sleeping at night realizing that there is incredible discontent with these international tax evading invaders of other countries economies and that they will not be able to continue their game of tax evading their home countries and tax invading other countries. they do this buying local officials and then using tax bases in other countries draining wealth fro it to build their projects before moving onto the next global project. A Marc Faber knows this is how the global wealthy classes make their wealth but tries to blame economic troubles from governments spending often having to make over these tax loses from international traders.
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