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Marc Faber: “Messiah” Central Banks Helicopter Money Printing “Will Not End Well”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
goldcore.com / By Mark O’Byrne / April 18, 2016
Marc Faber has warned that a new financial crisis is coming and will be worse than the 2008 one and told Bloomberg TV that the “messiah” central banks “helicopter money ” policies “will not end well.”
Marc Faber
Faber warns that ultimately “you cannot grow an economy by just throwing money at people” and that “QE for the people” will be like “throwing gasoline on a fire.”
Faber is entertaining, has a good chuckle at the central banks and IMF’s monetary policies and laughs at the idiocy of the IMF’s recent counterfactual statement when Lagarde said the world economy would be worse off without negative interest rates:
… they will always say, if we hadn’t done this and hadn’t done that, it would be much worse. They have no proof for this assertion. In my view, it would have been better to let the crisis, already the first one in 2000, run its course and prevent the colossal credit bubble that was built up that then led to an even bigger crisis, and now they’re doing the same mistake.
The post Marc Faber: “Messiah” Central Banks Helicopter Money Printing “Will Not End Well” appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/18/marc-faber-messiah-central-banks-helicopter-money-printing-will-not-end-well/
