We have the money printing today which we did not have before and so it is very difficult to predict because it is always a political decision. Conventional wisdom went wrong because it has been brainwashed by the media and the policy makers. What’s happened is not the failure of the free market,  but the failure of the interventionists with monetary fiscal policies and regulation.

All I can say is if you look at history the most powerful people were usually in the end killed or hanged or crucified, and the central bankers today are the most powerful people. So you can imagine what I am thinking about the central banks, and what will eventually happen to their leading employees.

 More below in an interview with Australia Financial Radio:

About Marc Faber:

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. You can read and watch more at his MARC FABER BLOG which tracks Faber’s Investment Strategy , Market analysis & Outlook.