Marc Faber sees a lost decade and warns about unsustainable policies, which he believes are the root causes of the crisis today.

Marc Faber is a Thailand-based Swiss investor. He is the author of the Gloom Doom Report.

In his latest interview, Marc Faber explains why he believes dark days are ahead.

Marc Faber sees a lost decade where a social crisis lies ahead.

He notes that the current generation has substantially diminished prospects than the one that came before. “The top 1% is hoovering up an ever-increasing share of the remaining prosperity & that will likely accelerate from here — up until a breaking point where the dispossessed start to push back,” he said.

The top 1% is hoovering up an ever-increasing share of the remaining prosperity & that will likely accelerate from here — up until a breaking point where the dispossessed start to push back

MARC FABER

The millennials are finding it increasingly difficult to step on the property ladder. Poor job prospects in the gig economy, the rising cost of living, and unaffordable housing make it challenging to save an adequate deposit to put down on a first-time property.

Moreover, those able to save and invest have seen their investments depleted.

Meme stocks popular amongst young investors are down nearly 80% from their peak. The ARK Innovative fund is also down 50% from its high, and cash deposit accounts have negative interest rates.

Overall the first quarter of 2022 has not been favorable for investors, with wealth falling $6tr in the first quarter, which is primarily stocks and bonds.

Marc Faber sees a lost decade where the Fed will choose the path of least resistance and continue printing money

“There is no doubt about it: the central banks will soon revert to their money printing ways. It’s the preferred path of the establishment. COVID gave the central banks the perfect excuse to print bigly. The war in Ukraine will likely do the same,” he said.

Marc Faber also believes that the world’s current obsession with the Federal Reserve’s next step is laughable. “Whether the Fed hikes 0.25% or 0,50% is meaningless. Such small measures are insignificant to battle inflation of over 7%,” he said.

There is no doubt about it: the central banks will soon revert to their money printing ways. It’s the preferred path of the establishment. COVID gave the central banks the perfect excuse to print bigly. The war in Ukraine will likely do the same

MARC FABER

Marc Faber sees a lost decade where diversification is key, and he expressed his concern over excessive government overreach

He said he never thought he would see such intrusion on the fundamentals of capitalism & democracy in his lifetime.

Marc Faber is deeply concerned that the world is fast becoming a less free place. He’s very worried that the next cohort of world leaders will be strongmen like those responsible for the greatest atrocities of the 20th century.

Marc Faber cited the Russian Ukrainian war as the need for diversification from the western sphere

He brought up a hypothetical example of a successful Russian plastic surgeon whose Swiss bank account bank account is seized for merely having a Russian name.

See Marc Faber sees a lost-decade interview here.