On the Road with Marc Faber - Full Interview
Marc gets right down to brass tax and addresses the controversy surrounding his recent comments in the media. A tremendous amount of time is spent tracing the rise and fall of empires and what those great societies added to our modern day world.
A cordial conversation continues with Marc delving into sound investment advice and speaks to the hypocrisy of (mostly) American pandering. In Marc's view every government, the world over, is equally corrupt.
Marc ends with the thought that once you are a prisoner of the system it is very difficult to get out. Prisoners are good for governments as they help boost GDP. GDP, therefore, is not what one should use to measure how well a society is doing. A better indicator is the quality of living amongst the population.
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