The Julia La Roche Show, Released on 8/8/25

Dr. Marc Faber, editor of the Gloom Boom and Doom Report, provides his characteristically pessimistic outlook, arguing that while Asian economies have bottomed out, mature Western economies are turning down amid unsustainable asset price inflation. He believes the 40-year asset bubble since 1980-81 is ending and “everything will go down eventually,” making preservation of capital more important than growth. Faber is ultra-bearish on all paper currencies, expects residential real estate to decline significantly, and warns the US debt situation “will end badly” – possibly through World War III. Despite being in the financial sector that benefits from money printing, he surprisingly agrees with Powell’s reluctance to cut rates, arguing money isn’t actually tight despite higher interest rates.

0:00 Welcome and introduction – Dr. Marc Faber returns to the show
1:18 Big picture global economy – Asia bottomed out, mature economies turning down
7:59 Asset price inflation and monetary policy – where money flows first
13:37 Monetary Metals ad read
15:23 The illusion of wealth – from millionaires to billionaires
18:46 Housing affordability at lowest level ever in America
23:21 US debt and deficit – “it will end badly” but when?
24:50 How it ends badly – World War III is a possibility
28:48 Ultra bearish on US dollar and all paper currencies
32:12 Precious metals thesis – as long as liquidity remains plenty
36:28 Cryptocurrencies – “will go up until it won’t”
38:26 Fed policy – agrees with Powell not to cut rates
41:35 Real estate outlook – residential property “very vulnerable asset”
45:11 Biggest risk and opportunity – everything will go down eventually

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

  asset bubbles, economy, investing, market crash, precious metals