Marc Faber – governments will “bankrupt us”

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Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor of The Gloom, Boom & Doom Report.

“They will all bankrupt us and expropriate us, but it may not happen tomorrow. They’ll give us something to play with, until the whole system breaks down … they’ll just print money and print more money,” he told CNBC.

“What I object to the current government intervention in so-called ‘solving the crisis’, (is that) they haven’t solved anything. They’ve just postponed it.”

(Also see the video clip I posted yesterday in which Faber argues strongly in favor of gold.)

Source: CNBC, April 22, 2010.

OverSeas Radio Network

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