Marc Faber Warns "Western Imperial Arrogance Will Ignite Middle-East "Powder-Keg"by Tyler DurdenZero Hedge Sep. 04, 2013 |
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
Trump Visits Lubavitcher Rebbe's Grave With Ben Shapiro for October 7th
Report: U.S. Offering Israel 'Compensation' to Moderate Iran Strikes
U.S. Spends Record $23 Billion On Israel Since Oct 7
FEMA Running Out of Funds for Hurricane Victims After DHS Allocates Record $454M to Secure 'Mostly Jewish Institutions'
As usual, Gloom, Boom, and Doom's Marc Faber pulls no punches in this brief interview on CNBC's Futures Now. When asked what is the catalyst for the crash he expects in US equity markets (following crashes in various markets around the world), he shocks a stunned anchor looking at equity markets near all-time highs with some ugly truths - "interest rates are no longer a tail-wind, earnings growth is not there, and emerging economies are collapsing (so no global growth)." However, with asset allocators "swimming in the pool of liquidity" it is hard to say 'when' it will occur especially as money floods out of EM markets. Critically though, it is Syria (and the spillover) that has Faber most concerned; as he concludes that Western governments "meddling" is "going to be a disaster." |