20 September, 2009

"The System Forces You To Speculate"

"We have zero interest rates and say, you have a million dollars in deposits that don`t get you any interest. So the system, the central bank, essentially forces you to do something to achieve some kind of return. So you take the million dollars and either you buy equities or you buy commodities or you buy bonds or foreign currencies. But you have to do something and that leads to a lot of volatility in financial markets."

In Bloomberg

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.