Marc Faber: Federal Reserve Policies Will ‘Destroy the World’

Loose monetary policies pushed through by the Federal Reserve as well as at other central banks will literally “destroy the world” by sending the global economy swelling, bursting and then tanking, said Marc Faber, publisher of the Gloom Boom & Doom Report.

The Fed recently announced plans to stimulate the U.S. economy by purchasing $40 billion a month in mortgage-backed securities from banks, a monetary policy tool known as quantitative easing that pumps liquidity into the economy in a way that pushes down interest rates to encourage investing and hiring.

Critics say the tool basically prints money out of thin air and also plants the seeds for mounting inflationary pressures down the road.

via Marc Faber: Federal Reserve Policies Will ‘Destroy the World’.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.