US stocks are at lofty valuations

If you look at valuations of U.S. stocks relative to valuations in other markets, the U.S. stock market has big downside risk.

US Stocks are not an appealing investment at the moment

I don't think U.S. stocks are attractive by any measurement. They are expensive and earnings are going down.

Money printing conspiracy by Central banks around the world

Some people say there is a currency war going on, but I dont buy that argument. In my view Central banks around the world are coordinating printing money, one after the other, its like handing the baton to someone else. It started with the Fed, then the Bank of England, the ECB, every central bank will do the same thing. 

Greece introduced democracy to the world

[Even in Greece] only a few people could vote, and the country that had basically invented democracy, Greece, only certain citizens could vote, not everybody.

Vietnam is a standout investment potential

In Asia, one country that stands out as having great economic potential is Vietnam.

Emerging markets vs US Markets | MARC FABER

I think that I will make more money in emerging markets than the U.S. in the next 10 years.

Indian stocks will outperform US over 10 years

I believe that over 10 years, you will make more money in Indian shares than in US shares..

Most European citizens want closer Russia ties

Actually, you ask ordinary people in the whole of Europe about the policies of the governments towards Russia, 90% of ordinary people disapprove of the politics and policies that have been implemented and with the way European governments behave as if they were feudals of the United States and vassals of the US.

The reality is that Europe should be very close to Russia as it was in the 19th and 18th century, with very few exceptions like for example when Napoleon attacked Russia or when Hitler attacked Russia, but ordinarily the two regions, western Europe and Russia were much closer than say western Europe and the US because of the proximity and also culturally they were quite close.

Growth : Capital Investment vs Consumption

Growth doesn’t come from eating and consuming — it comes from capital investment.

Number one risk to China economy now is this

The biggest risk [to China] is that credit has grown far more than economic activities. The debt-to-GDP ratio has increased dramatically. Essentially, China is borrowing economic growth from the future. Once the debt reaches a level where it’s difficult to maintain the pace of growth, the economy automatically slows down.

Chinese currency to be a global currency one day

I think the Chinese will eventually have a global currency, certainly with their trading partners. China is the largest trading partner with 124 different countries in the world.

Fed policies has created price increases for people

All the central banks are so deep in the mud that, in my view, they will continue to essentially buy assets.

The prices have gone up so much that many cities in the U.S. and Europe are not affordable anymore. What people do is spend money, but they don't go out too often; they go out once a week or so.

China and India can still grow faster than US

If China and India grow by 5 to 7 percent each year, it will be fine as this is better than what the US and UK can achieve.

Marc Faber on Taiwan, South Korea, Hong Kong

Taiwan is highly dependent on the technology sector where there is a slowdown. I am not too keen on Taiwan but I am aware that some strategists recommend Taiwan and South Korea with a view that they will perform similarly to Japan and rise slowly. This, however, is not my view.

As regards Hong Kong, there are some drawbacks but the valuations are relatively low. One can buy Hong Kong shares, Singapore shares and they would have a dividend yield of around 5%. So it is not terribly expensive. But I don't think that they'll shoot up by 100%. This year, Hong Kong is already up 20%.

EU will suffer financially if Greece exits

I think that the ECB and European banks will have to bear huge losses on their loans to Greece and bond purchases that are made if there is failure.

What is a legitimate government?

Today we have a government, basically in the Western world, that has more voters who receive something [benefits] from the state then people that actually pay for it. 

And so I think that democracy is an untested system. We had, maybe, 7000 years of history of civilization, and democracy is precisely, roughly maximum 100 years old, maximum, because in many countries, full democracy was only introduced less than 100 years ago.

Sluggish economy is the cause for declining wealth for most Americans

The principal reason for the decline in median household incomes is a sluggish economy for most Americans and stagnating or declining personal incomes in real terms.

Spreading risks while investing

I have always diversified among gold, bonds, equities, and real estate. 

Money printing everywhere

The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down.

Silver vs Gold by Marc Faber friends

I have lots of friends who are much more positive about Silver than Gold. But I keep my gold in safe deposit boxes. They wouldnt be big enough for silver.