In this presentation given recently in Dubai, legendary investor, Marc Faber, explains the folly of current monetary policy.
Folly is really a kind word. “Disaster” is probably more apt. He sees potential eruptions of revolution due to inflationary monetary policy. As food gets more expensive, and wages stagnate, people get restless.
Our printing is unsustainable. Our welfare state is unsustainable. Our relationship with China is unsustainable. The whole world regime is unsustainable, and sooner or later it will correct.