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

Cancer, Government, People

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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

People, Flow, Doe

"Marc Faber: Not Even Gold Will Save You From What Is Coming" by Matthew Boesler, www.businessinsider.com. March 27, 2013.

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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

Government, Media, Law

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One day the price of gold will be higher than the Dow Jones.

Marc Faber

One Day, Gold, Dow Jones

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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

War, Zimbabwe, Europe

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I think there are some groups of stocks that are highly vulnerable because they're in cuckoo land in terms of valuations.

Marc Faber

Thinking, Land, Groups

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I'd rather buy something that is relatively depressed than something that is relatively high.

Marc Faber

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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

Government, Currents, Crisis

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The monetary policies of the US will destroy the world.

Marc Faber

World, Monetary Policy, Policy

"Marc Faber, Famous Swiss Investor: Federal Reserve Stimulus ‘Will Destroy The World" By Harry Bradford, www.huffingtonpost.com. September 14, 2012.

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Something will break very bad.

Marc Faber

Break

"Master of doom Marc Faber is feeling gloomy about Canada" by Darcy Keith, www.theglobeandmail.com. May 8, 2013.

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Buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years.

Marc Faber

Children, Years, Next

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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

Real, Thinking, Vintage

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Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest.

Marc Faber

Long, Suffering, Trends

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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

Views, People, Negative

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Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance.

Marc Faber

Thinking, Gold, Credit

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It is clear to me that the financial sector, including CNBC, loves central banks

Marc Faber

Financial, Clear, Central Banks

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If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

Marc Faber

Issues, Government, Bills

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I am surprised with the reelection of Mr. Obama. The S&P is only down, like, 30 points. I would have thought that the market on his reelection should be down at least 50%.

Marc Faber

Reelection, Should

"MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun" by Joe Weisenthal, www.businessinsider.com. November 7, 2012.

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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

Meaningful, Europe, Issues

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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

Thinking, United States, Would Be

"MARC FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun" by Joe Weisenthal, www.businessinsider.com. November 7, 2012.

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You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.

Marc Faber

Gone, Financial, Assets

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I think 2015 will see a year where Europe outperforms the U.S. massively.

Marc Faber

Thinking, Years, Europe

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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

Oil, People, Six

"MARC FABER: Sure Gold Is Down, But Apple Is Down By Twice As Much" by Sam Ro, www.businessinsider.com. April 12, 2013.

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Born: February 28, 1946
Occupation: Investor
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