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" I don't think Canada is very inexpensive anymore. I travel there all the time; it's rather on the expensive side. I think there's significant risk to the Canadian economy. "
Marc Faber
Canada
Risk
Time
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" As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China. "
Marc Faber
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Everyone
Important
" In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up. "
Marc Faber
Sky
People
Real
" I'd rather buy something that is relatively depressed than something that is relatively high. "
Marc Faber
Buy
Than
Something
" I'm an economist. I'm not a political servant. "
Marc Faber
Economist
Political
Servant
" The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences. "
Marc Faber
Bubble
Negative
I Am
" I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt. "
Marc Faber
Problem
Think
Care
" The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger. "
Marc Faber
Then
Top
Sitting
" If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war. "
Marc Faber
Down
You
War
" When it comes to charities, there's a lot of fraud. "
Marc Faber
Charities
Lot
Fraud
" If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates. "
Marc Faber
Government
Low
Principles
" The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. "
Marc Faber
People
Negative
Problem
" When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. "
Marc Faber
Go
You
Service
" I am surprised with the reelection of Mr. Obama. The S&P is only down, like, 30 points. I would have thought that the market on his reelection should be down at least 50%. "
Marc Faber
Thought
Only
Market
" The fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols... Very happy. Very good for the Fed. Congratulations, Mr. Bernanke. "
Marc Faber
People
Man
Money
" The media has brainwashed the electorate to expect the government to do something. The best economic policy of any government is to do nothing but reduce the size of the government, reduce the size of the laws, and reduce the size of regulations. "
Marc Faber
Government
Size
Nothing
" This is the choice in life. You choose what is less bad. I don't particularly like Mr. Obama, but I think he is less bad for the world than Mr. Romney. It is a tragedy of life that both candidates did not lose the election. They would have deserved both to lose. "
Marc Faber
Choice
Election
Life
" Buy a $100 U.S. bond and frame it to teach your children about inflation by watching the U.S. bond value diminish to almost nothing over the next 20 years. "
Marc Faber
Value
Teach
Bond
" What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it. "
Marc Faber
Anything
Government
Just
" Every central banker in the world pays attention to credit growth, but not in the U.S. "
Marc Faber
World
Banker
Credit
" When people talk about people who are optimistic about gold, they call them 'gold bugs.' A bug is an insect. I don't call equity bugs 'cockroaches.' Do you understand? There is already a negative connotation with the expression of 'gold bug.' "
Marc Faber
Gold
People
Understand
" When you have a perfect free market, it's difficult to predict the future. But when you have a market that is disturbed by government manipulations and money-printing, it's impossible to make any predictions. "
Marc Faber
Future
Impossible
Government
" I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view. "
Marc Faber
Organization
Confidence
View
" Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don't own any gold. They're all stocked up in equities. "
Marc Faber
Down
Nobody
Up
" If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. "
Marc Faber
More
Government
Freedom