Marc Faber: Global Markets Will 'Implode' - CNBC 11/13/2012

In this "Squawk Box" excerpt, Marc Faber of the Gloom, Boom & Doom Report, warns investors to prepare for an eventual "'reset" of the global financial system.

November 13, 2012

Fair Use Disclaimer:

This video may contain copyrighted material. This material is made available for educational, research, and news reporting purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law which allows citizens to reproduce, distribute or exhibit portions of copyright motion pictures, video tapes, or video disks under certain circumstances without authorization of the copyright holder.

• Category

  News & Politics

[MARK MITCHELSON]

HI EVERYBODY, IN MY OPINION DR MARC FARBER IS ANOTHER MAN THAT YOU CAN BELIEVE IN! CHEERS=DR MARK!

[Patrick Goodness]

Good content is hard to find. Thanks

[trompacoable1]

Everybody is in debt to everybody. What is this about paying back? To whom?

[groov539]

The 'crash' we're in now is FAR WORSE than 2008. 0bammy just won't tell us because we're supposed to think he's great. B.S.

[groov539]

You are correct.. My bad. I was indeed thinking of the Community Reinvestment Act which was forced upon banks BY DEMOCRATS and it had more of an influence in the depressed economy than you give it credit for.. Had a lingering effect. STILL having effects from it.

[zLOSTNOMOREz]

Doesn't matter who or what,the damage is done and so is America!

[bamainatlanta]

Dodd/Frank did not exist till after the crash! You are making our side look stupid. I think you are talking about the Community Reinvestment Act, but even that was not the primary cause of the crash. The primary cause was the artifically low interest rates set by the Federal Reserve, which led to malinvestment. A boom and bust cycle.

[groov539]

In America, Government intrusion into the free-market, Capitalist economy CAUSED the problem. Dodd/Frank FORCED banks to issue loans to people who could not afford homes. This triggered the housing collapse and it all went down from there. 0bamacare will do to jobs and the economy what Dodd/Frank did to the housing market. STUPID AMERICANS!!