Marc Faber: Central Bank Intervention “Will Be Very Painful”
July 30, 2013 Leave a comment
Continuing the theme from our last post, Marc Faber — publisher of The Gloom Boom and Doom Report — argues how central bank policy distorts asset prices. The unwavering commitment to monetary expansion will reach its conclusion when inflation explodes or the system becomes so unwieldy it just collapses.
He takes this analysis a step further, to the social implications of central bank intervention. He says monetary intervention ultimately foments social unrest and must culminate in disaster, be it financial meltdown or war.