#141 Marc Faber On Interest Rates, Inflation, And 'QE Infinity'

Dr. Marc Faber, editor of “The Gloom, Boom and Doom Report," provides a macro view of the global economy and financial markets. He discusses the diverging trends in different countries and the impact on standards of living.  Dr. Faber expresses concerns about inflation, interest rates, and the high levels of debt in the US. He recommends investing in gold as a safe asset and highlights the undervalued opportunities in Latin America.  Dr. Faber emphasizes the importance of being a contrarian investor and encourages individuals to focus on personal freedom and not rely on government interventions. In uncertain times, Faber advises diversification as a strategy, allocating assets to stocks, precious metals, real estate, and cash and bonds. He emphasizes the importance of maintaining a consistent asset allocation regardless of market conditions. Timestamps 00:00 Introduction and welcome Dr. Marc Faber 01:13 Macro view  04:00 Cost of living in advanced economies is higher  06:00 EM valuations attractive, US expensive  08:46 Long-term cycles of inflation and interest rates 10:00 Inflation is not under control 11:28 The rich have never had it this good in their lives 12:27 A silent depression for ordinary people  14:45 Long-term cycles of inflation, interest rates in context of growing debt 20:00 Printing money 23:20 Re-acceleration of inflation  26:00 The Economics of Inflation  28:01 ‘If you trust the central banks, you’re stupid’ 35:08 Gold and precious metals  48:17 Recession outlook 50:39 Investment opportunities, asset allocation  54:50 Parting thoughts