What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.
Marc FaberYou have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.
Marc FaberIf the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.
Marc FaberI think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.
Marc Faber