On August 8th,
2011 Dr. Marc Faber was interviewed on CNBC about the future of
the US dollar-debt crisis and what investor's can expect to take
place in the markets.
interview, among several timey questions, Dr. Faber was asked, "What's
the end game here? Is it the collapse of Western civilization as
we know it? ... Where are we going here? How must It inevitably
end in your opinion?"
To which Dr.
Faber replied, "You have a computer and occaissionally the
computer will crash and need to be rebooted. That will happen to
the global economy. So basically, the central banks are willing
to do that. By printing money the problems are not solved but they
can be postponed and they become larger. The next time we
have a global economic crisis it will be much worse than 2008. Before
this happens there will be money printing and war."
Ph.D, publishes a widely read monthly investment newsletter, The
Gloom Boom & Doom Report, which highlights unusual investment
opportunities. Dr. Faber is the author of several books including
Gold Asia's Age of Discovery, which was first published
in 2002 and highlights future investment opportunities around the
Dr. Faber describes
himself as a free-market economist, but also notes that he uses
other disciplines in his analysis as well. As an adviser he is not
strictly speaking a value investor but uses a variety of tools.
His clients, he says, expect some sort of profit on their funds
every year. Simply beating market averages is not enough.