{"id":59298,"date":"2021-09-12T17:33:47","date_gmt":"2021-09-12T22:33:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59298"},"modified":"2021-09-12T17:33:47","modified_gmt":"2021-09-12T22:33:47","slug":"desperate-money-printing-leads-to-depression-dr-marc-faber","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59298","title":{"rendered":"Desperate Money Printing Leads to Depression \u2013 Dr. Marc Faber"},"content":{"rendered":"
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Desperate Money Printing Leads to Depression \u2013 Dr. Marc Faber<\/a><\/h3>\n<\/header>\n
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\"\"<\/a><\/strong>Legendary investor, economist and market forecaster Dr. Marc Faber thinks central banks (CB) are not going to cut back the money printing.\u00a0 Just the opposite.\u00a0 He predicts CBs are going to print even more money at a faster pace to hold the failing economic system together for a little while longer.\u00a0 Dr. Faber explains, \u201cWhat is perceived to be safe, namely cash, isn\u2019t safe anymore.\u00a0 It is unsafe.\u00a0\u00a0<\/span>You ask me what is safe?\u00a0 I don\u2019t know what is safe anymore when you have money printers who print money indefinitely.\u00a0 I don\u2019t think they can stop. \u00a0I actually think they have to accelerate their money printing.\u00a0 So, stocks may go up, but in real terms, it doesn\u2019t mean your standard of living will go up.\u00a0 Maybe the standard of living of the 50 richest people in the world will go up, but not the standard of living of the typical American . . . or the average American.\u00a0 That standard of living will go down. . . . All the money printing is a desperate measure to keep the voters from rebellion.\u201d<\/p>\n

Dr. Farber predicts that not only are we going to see more asset inflation, but dramatic wage inflation too.\u00a0 Dr. Faber, who holds a PhD in economics, says, \u201cWhat I think will happen, and most people have not really considered, we will get wage inflation.\u00a0 For the first time since the late 1970\u2019s, we will get accelerating wage inflation, and in some cases, quite dramatic.\u00a0\u00a0 In some states, the minimum wage is $15.\u00a0 I could see that going up to $30 per hour very quickly.\u00a0 I don\u2019t think inflation is \u2018transitory\u2019 (as the Fed proclaims).\u00a0 We will not have stagflation.\u00a0 We will have something worse.\u00a0 We will have rising prices and a depression in the standard of living of most people.\u201d<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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Desperate Money Printing Leads to Depression \u2013 Dr. Marc Faber Legendary investor, economist and market forecaster Dr. Marc Faber thinks central banks (CB) are not going to cut back the money printing.\u00a0 Just the opposite.\u00a0 He predicts CBs are going to print even more money at a faster pace to hold the failing economic system […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,2310,1849,8757,2307,538,9699],"class_list":["post-59298","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-depression","tag-financial-markets","tag-greg-hunter","tag-marc-faber","tag-money-printing","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59298"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59298\/revisions"}],"predecessor-version":[{"id":59299,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59298\/revisions\/59299"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}