Explore Quotes by Marc Faber

I'm an economist. I'm not a political servant.

Every central banker in the world pays attention to credit growth, but not in the U.S.

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.

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.

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.

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

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

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.

The monetary policies of the US will destroy the world.

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.

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

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.

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