Eric King: “What is the biggest danger in the financial world as you see it?”
Faber: “I think we have many dangers. The biggest danger is governments themselves with their interventions into free markets, and their fiscal policies.
In other words, increasing or decreasing government spending.
Usually it’s an increase, and as a result the government becomes larger and larger. Of course the larger a government becomes, the less economic growth you will have. The extremist, socialist-to-communist economy that we had in the Soviet Union and China, it was a complete failure economically speaking.”
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