Trump-Endorser Marc Faber Warns 'Central Banks Will Create Global Socialism'ZeroHedgeMar. 14, 2016 |
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![]() ![]() "The central banks aren't interested in what works, they're interested in their own prestige. And they are so deep into it already and it didn't work. They will increase the medicine," said Faber, the publisher of The Gloom, Boom & Doom Report.That's the road to socialism, he ominously concludes. "I could see a situation where at the end the government owns all the corporations and all the government bonds and then we are back into socialism, into a planning economy,"Faber also took the opportunity to say he wanted Trump to take the White House in the U.S. election later this year, although he noted he's not eligible to vote. "They basically hate Trump because he's not the party insider," Faber said. "He brings some fresh air into the whole process."Faber explains... |