| Jason Burack of Wall St for Main St interviewed returning guest, editor & publisher of the Gloom Boom Doom Report http://www.gloomboomdoom.com/, Dr. Marc Faber.
Marc has decades of experience investing in global financial markets and he has wrote the book, Tomorrow’s Gold- Asia’s Age of Discovery. During this 30+ minute interview, Jason opens the interview by asking Marc about how he thinks China will deal with the massive debt problems its state owned banks and municipalities have? Marc jokes about Jason asking the Chinese government instead of him. Jason then asks Marc about what Kyle Bass is saying about China. Marc says the US mainstream financial media and Federal Reserve are talking about how bad things are in China and Europe to deflect attention from the US’ debt problems. Next, Jason asks Marc how much global central banks are coordinating their policies and doing market manipulations and market manipulations together? Marc says he thinks there’s no such thing as currency wars and that the US, UK, Japan and the ECB all coordinate monetary and interest rate policy together so they can take turns doing QE and devaluing their currencies. Marc and Jason discuss where negative i9nterest rate policy or NIRP fits into the equation. Jason asks Marc about the recent bear market rally in oil and base metals. Marc thinks the rally will sputter out soon and oil will go back down in the near future. Marc also gives his thoughts on the 2016 US presidential elections. Jason also asks Marc about gold, gold stocks, bad government economic data and where he sees value in markets so don’t miss listening this great interview! Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! |
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