Here is a somewhat dated but still relevant interview with everybody’s favorite bear.
CNBC 1 of 3 – Oct 22, 2007
“The longer you postpone the hour of truth … the worse it will be and the more difficult it will be to solve” – Marc Faber.
CNBC 2 of 3 – Oct 22 2007
“Overtime Chinese companies will become very big … but if your largest customer, the US, isn’t doing well and within your largest customer … essentially the largest company, Walmart, isn’t doing well, and you keep on rising then you think that something will change one day, and today I think I would rather buy Walmart than the Shanghai stock exchange index” – Marc Faber
CNBC 3 of 3 – Oct 22, 2007
“In the western world the central banks have no other option but to print money, basically, in the long run, otherwise the whole system collapses … all paper money, the supply can be increased very substantially whereas gold is relatively limited supply … so the dollar will basically in the long run depreciate against gold.” – Marc Faber
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