Marc Faber, author of the Gloom Boom and Doom Report, told King World News how he believes the ‘Great Money Printing Experiment’ will end. This is third and final in a series of written interviews which has been released on KWN. Faber’s audio interview will be released later today.
"... So we don’t know exactly when the end will come. It could be 1 year from now, 3, 5, 10 years from now, but obviously one day it will come to an end. The longer it’s not seriously addressed, and the way I look at Congress they are not going to undertake serious decisions any time soon, the longer it’s not addressed the more structural damage will be done to the economy, and to society.
"I think for a system to change without revolution or significant social upheaval is very difficult. Frequently, if there is a revolution or a reform, it gets rather worse than any better. So usually major changes occur as a consequence of trends that have prevailed which are unsustainable in the long-run, that have created huge damage, and then occasionally changes do occur. But it can take a long time. ..."