Marc Faber: How will the economic crisis unfold?

Dr. Marc Faber, editor of the Gloom, Boom, Doom Report, thinks centralized banking is en route to currency destruction.

3.50 – Trillions of dollars in derivatives risk.
5.35 – Quantitative easing from 2009 could presents challenges.
8.20 – The Fed’s balance sheet remains high.
11.36 – Ukraine conflict – Russia will not give-up the Crimea.
18.00 – Real estate market.
21.30 – Domestic recession underway?
23.00 – Distress in specific Industries.
25.10 – How will the economic crisis unfold?
29.20 – Return to a gold standard?
34.50 – Gold to outperform most investment classes.
35.55 – Dr. Faber holds silver, gold and related shares.
36.50 – Bank safety?
40.02 – Domestic monetary policies could lead to 15%+ interest rates!
41.30 – Holding gold offshore is advisable.
42.40 – Structural economic change occurring, worldwide.

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.

economic crisis, gold