Marc Faber - Currency Reform

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In the western world, we have standards of living that are not going up. This will be negative for the western world compared to emerging economies. Look at all of the cities in the emerging markets. 30 years ago the United States was far ahead of these cities. Now, they look very similar to United States cities.

We had a global synchronized boom from 2002-2008. After that, the world economy fell off of a cliff. Now we have bottomed out and we may be headed for some sort of recovery. The stimulus programs and deficits and debts will continue to go up. The Federal Reserve will keep interest rates at 0%.

The fiscal deficit of around 2 trillion dollars, which will add to the debt. The Fed won't raise interest rates because they payments on the debt will be too high.

Employment won't improve much, and the government will go to war. Afghanistan is a bottomless hole. When the economy collapses, you have currency reform. The dollar already lost most of its value. This time, it will happen within 10 years. You can be bullish for the next 3 years, and the crisis may come about in 3 years, 5 years, or ten years.

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• Marc Faber
• Investing
• Treasuries
• Government Bankrupt
• Financial Collapse
• Economic Collapse
• Financial Crisis
• Economic Crisis
• Gold
• Silver
• Dollar
• Federal Reserve
• ron paul
• john stossel
• judge napolitano
• inflation
• hyperinflation
• interest rates
• capitalism
• free markets
• tom woods
• austrian economics
• currency reform
• emergin markets

[Adriaan1950]

A negative interest money system creates paradise on earth:

youtube.com/watch?v=7kk6fplyLT­I

[GuntherL1]

Put a date on your useless video's that have been posted numerous times before.