Source: Money Morning
Famed economist Marc Faber appeared on Bloomberg TV with a harsh, direct warning to investors.
“U.S. monetary policies will destroy the world,” he said, referring to the new round of stimulus – QE3, or “QE Forever” – the Fed plans to launch this year.
So it wasn’t surprising to hear him speak out against Bernanke’s most recent stimulus plan, quantitative easing or QE3.
What was surprising – and frightening – was the level of wealth-destruction he believes will occur.
According to Faber, “eventually we will have a systematic crisis and everything will collapse.”
Faber’s not alone.
A group of his economic peers agree that with more central bank action like QE3, global economic collapse is imminent.
In a newly released documentary that went viral last month, a team of influential economic experts say they have discovered a “frightening pattern” they believe points to a massive economic catastrophe unlike anything ever seen.
And according to these experts – who have presented their findings to the United Nations, the UK Parliament and a long list of world governments – the catastrophe may happen well before Americans hit the polls in November....Continue ReadingView Comments (8)