Investor Marc Faber talks with CNBC about the false
economic recovery, Egypt, emerging economies, and inflation.
Faber believes the global economy may be okay for the next six
months. We have to realize that its an artificial recovery
driven by ultra-expansionary monetary policies and also ultra-expansionary
fiscal policies, he comments. Faber predicts that deficits
will lead to renewed problems down the road.
The annual cost of living increases are more than 5% today
and the Bureau of Labor Statistics is continuously lying about
the inflation rate, including Mr. Bernanke. Hes a liar.
Inflation is much higher than what they publish.
Faber says the true cost of living increase for most US households
is 5-8%, and just below that in Western Europe.
with permission from Bull
Source. You can subscribe to Bull Source posts for free here.