Marc Faber: The truth about China’s debt problems, gold, oil & why there is not really a currency war

Jason Burack & John Manfreda, Wall St. For Main St., Released on 4/5/16

You can find a full description of the interview below the video.

During this 30+ minute interview, Jason opens the interview by asking Marc about how he thinks China will deal with the massive debt problems its state owned banks and municipalities have? Marc jokes about Jason asking the Chinese government instead of him. Jason then asks Marc about what Kyle Bass is saying about China. Marc says the US mainstream financial media and Federal Reserve are talking about how bad things are in China and Europe to deflect attention from the US’ debt problems.

Next, Jason asks Marc how much global central banks are coordinating their policies and doing market manipulations and market manipulations together. Marc says he thinks there’s no such thing as currency wars and that the US, UK, Japan and the ECB all coordinate monetary and interest rate policy together so they can take turns doing QE and devaluing their currencies.

Marc and Jason discuss where negative interest rate policy or NIRP fits into the equation.

Jason asks Marc about the recent bear market rally in oil and base metals. Marc thinks the rally will sputter out soon and oil will go back down in the near future.

Marc also gives his thoughts on the 2016 US presidential elections.

Jason also asks Marc about gold, gold stocks, bad government economic data and where he sees value in markets so don’t miss listening this great 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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