It would be very dangerous to say "I don’t trust stocks, gold, real estate, I want to keep my money in cash. That’s a way to end up losing a lot of money...
We’re in a paradoxical situation where under a traditional monetary system the safest places are cash, Treasury deposits, government bonds. Nowadays, they have been made by monetization into the most unsafe assets from a longer term perspective.
Weak economies usually have higher inflation rates than stronger economies. In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures.
Paper money has lost its value. Hyperinflation is the pattern to come. -
in MarketWatch.com
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
