Marc Faber Sees Big Financial Bust Leading to War

Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said eventually there will be a big bust and then the whole credit expansion will come to an end.

Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to continued stimulus.

Speaking at a conference in Singapore on Wednesday, Faber said: "The crisis has not solved anything. On the contrary there is less transparency today than there was before.



The government's balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued". "I think eventually there will be a big bust and then the whole credit expansion will come to an end," Faber added.


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