Marc Faber Warns: “Everything Will Collapse”! US Monetary Policies Will Destroy the World !

• Faber Warns “Everything Will Collapse”! 
  by  Money Morning Staff  Reports, http://moneymorning.com/ 
  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.
  –
  As the publisher of the  influential Gloom Boom & Doom report, Faber is well-known for making ominous  predictions. Many regard him as the first to warn investors to get out of the  stock market one week before the October 1987 crash.
  And since the 2008 meltdown,  he’s been a fierce critic of the Fed’s policy of money printing, arguing it  only creates a phony recovery.
  –
  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 couldn’t pin down the  timing of his alarming prediction, but said the bigger concern wasn’t when the economic storm will begin, but how high the market will go until then.
  –
  “The question is really between  here and then,” he said. “Will everything collapse with Dow Jones 20,000 or  50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr.  Romney wins the election the next Fed chairman will also be a money printer.  And so it will go on.”
  –
  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.
  –
  read more!

end