Cyprus Will Happen Everywhere: Marc Faber

The Titanic

Growing wealth inequality means that the wealthy have nowhere to hide and that events like those in Cyprus will happen in more countries around the world, including developed nations, said Marc Faber, the contrarian investor and publisher of the Gloom, Boom & Doom Report.

Marc Faber: Fed Policy Will 'Destroy The World'

Marc Faber Interview Still

Marc Faber, publisher of the 'Gloom Boom & Doom Report', told Bloomberg Television’s Betty Liu on 'In the Loop' Friday that “the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.