Economic Catastrophe as Governments Destroy Average People with Marc Faber

Interview recorded - 13th of June, 2024 On this episode of the WTFinance podcast I had the pleasure of welcoming back Marc Faber. Marc is a well known contrarian investor & the Editor and Publisher of the “Gloom, Boom & Doom Report”. During our conversation we spoke about whether the economy is still in a recession, inflation, precious metals, the collapse of empires, Russia & China, market crash risk and more. I hope you enjoy! 0:00 - Introduction 1:39 - Still in a recession? 5:27- Linked to inflation? 6:24 - Spiralling out of control? 10:13 - Platinum 10:54 - Precious metals 13:25 - Cost of debt collapsing empires 14:45 - Russia & China 17:14 - Trade challenges 19:55 - Recession and market crash? 24:27 - Unloved investments? 30:02 - Miners unloved 31:56 - One message to takeaway? Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd.  In June 1990, he set up his own business, publishing a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities. He is also the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998. A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach. Marc Faber - Website - https://www.gloomboomdoom.com/ Twitter - https://twitter.com/gloomboomdoom?lang=en LinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hk WTFinance - Instagram - https://www.instagram.com/wtfinancee/ Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4 Twitter - https://twitter.com/AnthonyFatseas