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Marc Faber – Fed Policy Will Destroy the World

September 17, 2012 | About:

Observations from Faber include:

- Bernanke is a money printer. If Romney wins the election you can bet the next Fed chairman will be a money printer too.

- The Europeans are printing money too, as are the Chinese.

- In that environment equities are a better place to be than bonds, although he doesn’t particularly love equities either.

- He just bought bonds from Kazakhstan because it is a much sounder country financially than the U.S.

- He believes that the monetary policies of the U.S. will destroy the world!

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