Is the Fed Destroying the Economy? with Marc Faber

WTFinance, Released on 11/4/22 (Recorded on 11/3/22)

During the conversation we talked about how the Fed is destroying the economy, why inflation is out of control, whether we will see the rise of emerging markets and more!

0:00 – Introduction
0:40 – Is the FED destroying the economy?
6:10 – Was the FED too slow to react?
8:35 – Is this time different?
11:50 – This inflation has come from Fiscal & Monetary effects?
13:10 – Is the economy already collapsed?
14:50 – Why have we already had a crash?
17:40 – Dollar strength shielding US against higher inflation?
19:58 – US Stock Market vs EU Stock Market
21:25 – The rise of emerging markets?
23:10 – Interest rates at 8% in Europe?
27:05 – Will we see hyperinflation or any similarities to the Great Depression?
34:50 – Where are you positive about?
39:29 – One message to take away from interview?

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.

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