I live in Thailand and I do not have any insurances

Marc Faber : whether a country pays healthcare or not does not really matter because the Chinese citizens themselves put money aside that's why savings rate is high for their retirement for their healthcare for for their social security , the problem in the western world is that people set there and say Papa government will take care of me and everything , they have have abandoned personal responsibility for their actions , everything is insured , I live in Thailand I do not have any insurances If something goes wrong I have to pay myself and that's why I put reserves on the side and I pay low taxes , and so it is a different system you cannot just condemn China because they do not have healthcare that is run by the government lucky they do not have that , that's what should happen in America they should cut government expenditure precisely fifty percent and fire half the government including the president - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

In Asia the people have much more freedom

Marc Faber : I am not a great sympathizer of the tea party movement because I think they are too intolerant , look in Asia abortion is never discussed , it is not a subject that is of importance we believe it is up to the individual to decide and take personal responsibility for his life it has its disadvantages but it has many advantages , I have lived in Asia since 1973 , I think we don't have democracies in the sense of the western world but the people have much more freedom - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The bear market is starting

Marc Faber : The bear market is starting. When you compare equities to bonds and cash I don't think equities are very positive - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Treasury market is telling you that the economy is in recession

Marc Faber : The Treasury market is telling you that the economy is in recession. So if the bond market is telling you that the economies of the Western world are weakening, but at the same time the stock market is still relatively high, I think the stock market is vulnerable. - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Politicians Are All Useless Individuals

"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly." - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

If China slows down , it could trigger a vicious cycle on the downside

Marc Faber : If Chinese growth really slows down or if they have a crash... it could trigger a vicious cycle on the downside and I would say there is a fairly good chance that this could happen. This would be really something the world's central bankers wouldn't be able to help with printing money. - in CNBC



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The US Economy May Surprise On The Downside

Marc Faber : Some analysts think that there's a chance economic data will surprise on the upside but I think, if anything, it will be on the downside.- in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I am ultra bearish about everything

Marc Faber : I do not think it will be a trade war , I believe and that's why I am ultra bearish about everything , that being ultra bearish about everything I think you better off in equities than in bond or in cash probably the best will be in precious metals - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Libyan expedition is the first shot in a global war

Marc Faber : I see that ten years ago a huge shift in the balance of the economic power begun from the western world notable from the US and western Europe to Asia and emerging economies , we have today in the goods market I am not talking about services because services are very difficult to measure but in the goods market the emerging economies are much much larger than western Europe and the US even combined , so this shift in the balance of economic power to emerging economies is accompanied by a shift in political and military power and that the west will not just set there and do nothing , I mean the Libyan expedition is the first shot , I think the western world want to control China by controlling the oil supplies from the middle east and then it will come to war and in war times the one thing you do not want to is in the US government debt bonds equities will do OK and precious metals and some commodities will do very well but I would prepare for the worst but when you think it is true in the worse scenario you do not want to be in Cash US Dollars and in the US Government bonds
- in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.