Wall St. For Main St., Released on 4/11/23
During this 40+ minute interview Jason asks Marc about problems in the US banking system and US commercial real estate. Marc talks about how central banks are creating more socialism, corruption and wealth disparity. Marc thinks that repeatedly bad central bank policies are creating a new bull market in gold and Bitcoin but he also expects governments to try to tax all asset classes and businesses more. As one of the premiere distressed asset investors, Marc is also looking for good risk/reward opportunities with asset prices that crash and look cheap. Marc cites central bank gold buying over the last 12 months similar to the 1960s as the London Gold Pool was breaking down and Nixon closed the gold window in 1971.
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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.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.