Marc Faber: The Great Reset, Thucydides Trap, & Preparing for Tough Times
Marc Faber discusses the "Great Reset", the failure of democracy, and the central bank bubble economy. He looks at the merits of capitalism, the failures of socialism, and the rise of China. Peering into the future of U.S. empire, a Soviet-style collapse is possible and the dollar will lose its reserve status, but the geopolitical danger point comes when the stimulus effects wear off and Washington may consider escalating tensions with Eurasia including through the use of false flag operations as is typically done throughout history. He ponders whether it is even worth starting a revolution against the ongoing tyranny considering the culture is so far gone, and whether simply getting out of dodge might be a better option, before touching on a few guiding principles on how to prepare for a darker future.
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, "The Gloom Boom & Doom Report," which highlights unusual investment opportunities, and is the author of several books including Tomorrow's Gold: Asia's age of discovery