Marc Faber Quotes

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

Our Federal Reserve has unlimited money raising powers.

The very existence the Federal Reserve System is a safeguard against anything like a calamity growing out of money rates …. We have the power to deal with such an emergency instantly by flooding the street with money.

It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.

Economics runs the world.

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.

The job of the Central Bank is to worry.

Once a nation parts with the control of its credit, it matters not who makes the laws.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

All the Federal Reserve can do is make loans against collateral.

The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.

Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.

The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board.

The economy controls the politicians far more than the politicians control the economy.

The global economy is unruly.

The Federal Reserve Board is indefensible in theory and indispensable in practice.