The Global Dialogue With Marc Faber

Money is now changing its shape from physical to digital i.e, cryptos. To understand how cryptos are performing and how good it is for our financial well being head to global dialogue with Mark Faber.

Marc Faber: The Economy Will Not Return for Years

Marc feels, “The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time… and by a long-time… years.”

Marc questions the belief that government and central banker actions create prosperity. This may be true in the short-term, but it likely has very negative consequences in the long-term. Governments are not very productive, and most things can be done far more efficiently in the private sector.

Marc discusses how he has seen firsthand the socialist and communist systems of the world and how they are a disaster for personal and economic freedom. He says, “Socialism always brings less freedom and unpleasant rulers.”

The Fed finances the state, and today many people are earning more staying at home than actually working. The government will undoubtedly have to institute further programs to support the populace.

The problem with rising assets is that it further increases wealth concentration. This, in turn, increases social tensions, and this instability can cause further hardships for the populace. It’s vital for a society to due what is right and not do things like make the stock markets go up.

- Source, Palisade Radio

In Conversation with Dr. Marc Faber About the Current State of the Economy