Marc Faber: How much worse can things get?
Discussed in this interview:01:51 A greater depression ahead07:05 Exodus from cities to countryside11:34 Getting the economy out of recession15:09 Big government, less dynamic economy18:50 Protect your wealth with precious metals22:54 Replacement of the US dollar as the reserve currency27:36 China as a rising superpower31:30 Stock market bubble
SBTV's guest this week is Marc Faber, editor and publisher of the Gloom, Boom and Doom Report. Amidst the unprecedented fallout from the pandemic and uncertainty in the global economy, Marc sees the owning of gold and silver as a no-confidence vote against currency debasement by governments and central bankers.
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, "The Gloom Boom & Doom Report," which highlights unusual investment opportunities, and is the author of several books including Tomorrow's Gold: Asia's age of discovery