As to that huge level of debts, I don’t see how the Western world, including the U.S., Japan and Western Europe can actually grow. They’re going to stagnate. And when you have stagnation over a longer period of time, people start to ask questions and then they go after minorities. And Wall Street is a minority – they are a minority and anyone else would have done the same. They use the system. But they didn’t create the system.
The system was created by the lobbyists and by Washington. So they should actually go to Washington and also occupy the Federal Reserve on the way. - in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
