Marc Faber Quotes & Sayings (Page 4)

“The best way to deal with any economic problem is to let the market work it through.”

“When it comes to charities, there's a lot of fraud.”

“When it comes to money, the best investments were probably the ones I did not make.”

“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%.”

“Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.”

“I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.”

“I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.”

“I don't think Canada is very inexpensive anymore. I travel there all the time; it's rather on the expensive side. I think there's significant risk to the Canadian economy.”

“I have argued again and again that investors should hold some assets in precious metals as an alternative to cash. One of the functions of paper money is to be a store of value. But... with practically zero interest rates and cost of living increases of about 10 percent per annum... paper money at zero interest rates loses its purchasing power.”

“If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.”