Sunday, February 21, 2016

Marc Faber Warns of World Bankruptcy

" Wall Street guys and the banking lunatics have essentially cheated the people." --Marc Faber

MarketOracle


Marc Faber Warns “They Will Bankrupt the World!”

Interest-Rates / Global Debt Crisis 2016Feb 19, 2016 - 10:14 AM GMT
"Dr. Marc Faber joins FRA Co-founder Gordon T. Long in an exciting discussion of monetary malpractice, negative interest rates, the influence of current geopolitical risk and much more. "
"In my view it will not end well. This era of artificially low and market distorting interest rate structure will end terribly. There is a popular notion now of ‘sell everything’ but this is a flawed idea. You sell everything and you have all this money now, what will you do? Deposit it in banks? What happens when the bank goes bankrupt? In practise it is very dangerous to have all your money with one bank."---- Marc Faber

Carl Icahn ...... danger ahead

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