Socio-Economics History Blog

  • Faber Warns “Everything Will Collapse”! 
    by  Money Morning Staff  Reports, http://moneymorning.com/ 
    Famed economist Marc Faber  appeared on Bloomberg TV with a harsh, direct warning to investors.  “U.S. monetary policies will destroy the  world,” he said, referring to the new round of stimulus – QE3, or “QE Forever”  – the Fed plans to launch this year.

    As the publisher of the  influential Gloom Boom & Doom report, Faber is well-known for making ominous  predictions. Many regard him as the first to warn investors to get out of the  stock market one week before the October 1987 crash.
    And since the 2008 meltdown,  he’s been a fierce critic of the Fed’s policy of money printing, arguing it  only creates a phony recovery.

    So it wasn’t surprising to  hear him speak out against Bernanke’s most recent stimulus plan, quantitative  easing or QE3. What was surprising – and  frightening –…

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