Marc Faber: The West Will Be Threatened By Emerging Economies

by | Sep 22, 2009 | Marc Faber | 2 comments

Do you LOVE America?


    Marc Faber, publisher of the Gloom Boom and Doom Report, discusses the economy at Tech Ticker on September 22, 2009.

    Marc Faber on Employment:

    This is the first recession in since the Depression years where all the employment gains have been given back.

    In the Western world from here on we have structurally high unemployment because we have so many people that lack education to participate in the modern world. And they also lack the willpower to participate in the modern world.

    You go to China, to India and so forth, people know that unless they work seven days a week, and study seven days a week and learn continuously, they’re going to be left out because the competition is so high.

    Marc Faber on global economies:

    I really feel we are, in the world, in a huge shift of transfer of wealth. Where, for the last 250 years of capitalistic history, 1750 to, say, 2000, the Western world became rich and the poorer countries in the world remained essentially impoverished.

    And so the poor people of the world could never really develop. So now, for the next 30 years, what we will have is the emerging economies, Brazil, Central Asia, Russia, China, India, you name it, will progress much more than the Western world.

    The Western world, economically, will be threatened by these new blocks and that will lead to huge geopolitical tension and eventually the war I was referring to.

    Click here to watch Marc Faber on Tech Ticker…


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      1. They don’t call him Dr. Doom for nothing.

      2. I find it amusing that his interviewers laugh when he talks about an impending war…

        naaahhhh… that couldn’t happen…. War? Over something as worthless as food, water, energy?  hahaha… Ridiculous!

        The world is different this time.

      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.