When Marc Faber speaks, I listen. Plain and simple, he is not a hype-spewing gold bug or an Armageddon fetishist. He is a realist in whose hands the truth can be trusted, in my opinion.
In his gloomiest prediction yet, Marc Faber sees big financial bust leading to war
Now, the headline is sensational and this is a big macro view. Components are inflation, a diseased monetary system with a cancer called the Fed eating away its core, war and stock market under-performance (which is a lot different than nominal price destruction). Dow-Gold ratio, people?
I have never found Dr. Faber himself to be sensational, however. I have always found him to be machine-like, simply stating the situation as he sees it. And the way he sees it, is not going to be fun at all. Get prepared, big picture-wise.
"I repeat what I have said in the past," Faber said. “No decent citizen should trust the Federal Reserve for one second. It’s very important that everyone own some gold because the government will make the dollar (in the long term) useless."
