24 Marc Faber Quotes for You to Enjoy

Marc Faber

American Businessman

Born: Feb 28, 1946

Government Money People Think Will You

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations. Marc Faber

Government Best Nothing Something Laws Economic Economic Policy Policy Reduce Brainwashed Expect Any Size Electorate Regulations Media

When it comes to charities, there's a lot of fraud. Marc Faber

Fraud Charities Lot

The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke. Marc Faber

Buy a $100 U.S. bond and frame it to teach your children about inflation by watching the U.S. bond value diminish to almost nothing over the next 20 years. Marc Faber

Buy Inflation Value Nothing Frame Diminish About Almost Almost Nothing Over Years Children Next Teach Your Bond Watching

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates. Marc Faber

Government Deficit Reckless Spending Extremely Would Would-Be Trillion Rates General Principles Because Accepted Issue Encourage Government Spending Account Accounting Interest Interest Rates Low Bills Company Actually Treasury

In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months. Marc Faber

As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China. Marc Faber

Important Everyone Markets One Thing India More Observer Miss Like Issues Greece Maybe Whenever China Far Meaningful Europe Thing

Every central banker in the world pays attention to credit growth, but not in the U.S. Marc Faber

World Every Attention Banker Central Pays Credit Growth

Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don't own any gold. They're all stocked up in equities. Marc Faber

Own Down Constantly Fed Nobody Economists Also Talked Up Officials Any Owns Gold Being Who Media

When people talk about people who are optimistic about gold, they call them 'gold bugs.' A bug is an insect. I don't call equity bugs 'cockroaches.' Do you understand? There is already a negative connotation with the expression of 'gold bug.' Marc Faber

You People Negative Insect About Talk Bug Call Bugs Understand Equity Optimistic Gold Them Who Cockroaches Connotation Expression

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger. Marc Faber

Light Top Danger Could Federal Throw Federal Reserve Pouring Match Matches Sitting Any Dynamite Them Then Notice Barrel Reserve Gasoline

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up. Marc Faber

Reality People Inflation Sky Seen Down Market Markets Adjusted Economic Never Investor Between Economist Economy Disconnect Real Been Years Up Going Where Ordinary Ordinary People Working Incomes Asset

My view is that the U.S. market will eventually join the emerging markets on the downside because if you take a bearish view about emerging economies, you cannot be too optimistic about the U.S. because for many U.S. corporations, 50 percent or more of their profits come from emerging economies. Marc Faber

I'm an economist. I'm not a political servant. Marc Faber

Political Economist Servant

The positive aspect of my negative view is essentially that you shouldn't own cash and government bonds, but you should be in assets like real estate or equities or precious metals or in commodities. Marc Faber

Positive Government You Real Estate Negative Own Cash Like Metals Real Precious Commodities Essentially Estate Should Aspect View Assets Bonds

Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks. So well-to-do-people have done very well. Marc Faber

People Money Real Estate Filtered Markets Well Printing Real Very Expansion Stocks Done Estate Ordinary Ordinary People Much Asset Credit

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. Marc Faber

People World Money Will Living Increase Increases Kinds Pretty Cost Exceed Also Print Print Money Sure Because Am Go Continue Western Up Western World America Just Banks Central Decline Taxes Standards Income

My worst investment decision so far is to lend money to friends. So far, it has all come to zero. Marc Faber

Money Decision Worst Investment Come Friends Lend Far Zero

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy. Marc Faber

The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music. Marc Faber

Music You Political Will Face Doubt Pain Symptom Crisis Significant India Indian Solve Minutes Borne Entire Week Sacrifices Mismanagement Economy Involve Years Five Just Cannot Elite Last

Over my career, somewhere, somehow I must've made some right calls. Otherwise, I wouldn't be in business. Marc Faber

Business Made Somewhere Otherwise Some Somehow Over Calls Right Career

If you're in any field, you should own a farm because one day you will be grateful that you are able to grow your own agricultural produce. Marc Faber

Day You Grateful Will Be Grateful Own Field Farm One Day Able Because Any Produce Should Your Grow Agricultural

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