Marc Faber [when] asked about investing in farmland said that they have a farmland in New Zealand and there they don’t grow hashish but in northern Thailand “they” (people?) grow good stuff.
Marc Faber on 2009.02.06 said, that there are now different schools of economy: Austrian school, monatarist, etc. but the most popular one now, the new Zimbabwe school of economy.
Marc Faber said on 2008.10.13 that US longterm Treasury bonds should have “junk” ratings and US government will go bankrupt, it’s only a matter of time, sooner or later
Marc Faber said on CNBC on Tuesday, 2008.09.23, that the best (solution) is to let the crisis burn itself out and clean the system, even with pain for people on Wall Street, and the banning shortsellers won’t solve anything.
Marc Faber on 2008.07.23, on interview with Bloomberg made the comment, that interest on mortgages are higher than was before FED start cutting rates on September 2007 and it only shows that “FED is totally ineffective and inept organization, that has to be said, they don’t understand simple economics. Because Mr Bernanke, he reads and writes about the depression years, but the difference between the depressions years and today is that commodities prices picked out in 1921 and there were well established downtrend. And today situation is that 3 billion people are joining global economy, who are eating, who are driving around more and more and they put pressure on commoditie prices and this is the inflationary environment. This is not the deflation environment. And if some FED member doesn’t understand that, than he shouldn’t be at the FED in the first place.”
full interview: http://www.bloomberg.com/avp/avp.htm?…