The Phaserl


Marc Faber: Expect A Deflationary Bust In Asset Markets

from Gold Silver Worlds:

Claudio Grass, Managing Director of Global Gold Switzerland, talks to Dr. Marc Faber about investing, markets and precious metals. Subscribe on to receive Global Gold interviews, outlook reports and book reviews for free in your mailbox.

Global Gold: Let’s talk about the ongoing power shift from the West to the East.

Mr. Faber: Well, basically, everything is connected and interrelated. We had a colonial system until the end of the Second World War, followed by the rise of individual countries. And over the last twenty-five to thirty years what we had was the rise of China with 1.3 billion people. Because of China’s rapid growth and resource dependence (iron ore, copper from Australia, Brazil and Africa, and oil principally from the Middle East), the Chinese have obviously become a very important economic force.

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