Marc Faber, a renowned contrarian investor and the mind behind the ‘Gloom, Boom & Doom Report,’ dives into the pressing issues of our time. He explains how government actions exacerbate economic inequality and contribute to inflation. Faber critiques the consequences of excessive spending and borrowing, suggesting that we're on the brink of a market bubble. He highlights the undervaluation of gold and emerging markets, particularly in agriculture, as compelling investment opportunities amidst global economic shifts. Buckle up for a thought-provoking discussion!
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insights INSIGHT
Government's Role in Inflation
Governments print money to finance their deficits, causing inflation which acts as an unfair tax on people.
Politicians avoid raising taxes or cutting benefits due to political difficulty, worsening economic conditions.
insights INSIGHT
Wealth Divide and Housing Crisis
The wealthy 0.1% economy thrives while median households suffer from rising costs and stagnant wages.
Housing affordability declines sharply, hurting young people wanting to buy homes.
insights INSIGHT
Governments Fuel Wealth Inequality
The rising wealth divide is caused by governments printing money to cover deficits, benefiting some but inflating prices unfairly.
Voters support benefits funded by deficits but resist paying for them, deepening economic problems.
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Interview recorded - 8th of July, 2025On 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 Marc's economic outlook, the wealth divide, why government causes all problems, borrowing, market exuberance, gold and which assets are undervalued. I hope you enjoy!0:00 - Introduction2:40 - Marc’s outlook5:46 - Wealth divide9:23 - Government spending11:31 - Tariffs volatility13:12 - Are tariffs inflationary?16:13 - Borrowing18:38 - Market exuberance31:00 - Market bubble sustainable25:55 - Shift to real assets26:55 - Revaluing gold28:18 - Emerging markets to outperform?31:48 - Economic shift away from US34:09 - One message to takeawayDr 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=enLinkedIn - https://www.linkedin.com/in/marc-faber-gloomboomdoom/?originalSubdomain=hkWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas