Marc Faber interview: Keynesian clowns, Middle East to blow up, and money printing
FutureMoneyTrends.com has released a two-part interview with Marc Faber of the Gloom Boom & Doom Report. He provides his predictions for the economy, stocks, and energy markets. Faber also gives advice to young people entering the real world as well as a better way of looking at success.
His advice to young people …
“My advice to young people is that the degree is not important. If you have parents that can pay for your degree, then I would take one. If I had to borrow a lot of money, I’m not sure I would take one. I would try to work for someone who is successful and acquire knowledge from them. Whatever you do, you should do with a lot of passion and heart and like what you do. If you like what you do, you will do a better job than if you are indifferent to what you do at your job. I think there are plenty of opportunities in every field.”
Faber continues on the definition of real success …
“I think in life success comes on many different levels, monetary success is just one of them, there are many other ways to be successful in life. If you have a happy family and are a good father, this is also a measure of success, if you can help other people this is also a measure of success. I think our society over rates monetary success and associates success with having a big house, having 3 cars, being able to go on holidays and live the good life when in fact, these are all relatively superficial symptoms of success.”
When focusing on the economy, Mr. Faber says real inflation is crushing consumers. If you look at insurance premiums, college tuition, food, energy, and taxes, we are seeing the result of inflation.
“The Keynesian clowns are causing a lot of volatility in the markets and economy.”
Source: FutureMoneyTrends.com, April 29, 2012.
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