Thursday, November 29, 2012

Helicopter Bernanke

Ben Bernanke can drop as many Dollar bills as he likes into this room," he told the LBMA conference in Hong Kong, but what he doesn't know is what we will do with them. His helicopter drop will not lead to an even increase in all prices. Sometimes it will be commodities, sometimes precious metals, collectibles, wages or financial assets.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.