Marc Faber: Mr Putin is correct

Mr. Putin did the right thing from his perspective. We have to look - put ourselves into his shoes. He did absolutely the right thing at the right time. By that I mean that there was interference by foreign powers in Ukrainian politics that were unfavorably from the perspective of Russia.
The Crimea is strategically most important for Russia. It has practically no meaning strategically to the United States or to Europe. But for Russia it's very important.
I don't think that Russia will move further into Ukraine unless there is serious provocation. But I doubt it will happen. But I think the wider implication is that we have now border lines. In other words, the US would intervene if a foreign power would establish bases in Haiti and in Cuba and so forth and so on, and the Chinese will react if foreign powers threaten Chinese access to resources.
This is very important because the occupation or say the referendum in Crimea and Crimea moving to Russia gives essentially a signal to China that one day they can also move and seize some territory that they perceive that belongs to them.
  -  via Bloomberg



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