Here’s Marc Faber on CNBC last week, commenting on the European/world sovereign debt crisis:
- He believes the ECB will eventually follow the Fed in printing money
- Thinks the end crisis will be postponed until the sovereigns go bankrupt
- Says “each money printing exercise brings about unintended consequences”
- Hilariously he refers to himself as “a great optimist”, continuing that “otherwise I would commit suicide in view of the kind of governments we have nowadays”
Hat tip JL for the early morning text message when Faber popped on CNBC!