The Gloom, Doom, and Boom Report’s Marc Faber is making the rounds on the interview circuit today, first on CNBC early this morning, and stated that if he were Bernanke, ‘for sure I would resign after having messed up the US as badly as Mr. Bernanke and Mr. Greenspan have done over the last fifteen years‘.
Faber states that government spending ‘is cancer’ and that ‘it is taking the freedom of people away‘.
Then on Bloomberg Faber stated ‘the monetary policies of the US will destroy the world’ and that ‘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.’
Both interviews below: