Man On Fire

Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.

23 Feb 2013

Disgrace: This Is How The Great Money Printing Experiment Will End

KWN: ...how do you see this great money printing experiment ending?”

Faber:  “Well, that is a very good question.  I wish I knew the answer precisely.  I suppose what will happen at some point is that both the fiscal deficit question will have to be addressed, and that less money will have to be printed, which will then have a negative impact on asset markets....

“Now will it just trigger a correction or a more serious bear market in asset prices?  Who knows?  Once this happens, since most of the economic activity was supported by the rise in asset markets, I suppose they will print more money, and again have larger deficits.
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. Full story/audio interview/source
Angelos Agathangelou at 11:04 am
Share

No comments:

Post a Comment

‹
›
Home
View web version
My photo
Angelos Agathangelou
London, Athens, Cyprus
Press cards? We don't need fascist badges! Feel free to Kopimi.
View my complete profile
Powered by Blogger.