| http://video.cnbc.com/gallery/?video=3000081815&play=1
Marc Faber, “Gloom, Boom & Doom” editor, anticipates the world will face “massive wealth destruction” caused by inflation or social unrest. “Well to-do people will lose up to 50% of their total wealth,” he adds. Additional information, including short excert in English and Russian is here |
Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
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