Marc Faber warns that we are in the middle of a great unwinding that could end right now, or in another five years, so prepare now:

“I think I am very constructive and a I’m a great optimist in life, otherwise I would commit suicide in view of the kind of governments we have nowadays.

Because, for sure, they will take wealth away from well-to-do people one way or the other. And from the middle class they will take it away through inflating the economy and lowering the standards of living.

…So I think that we are in a very difficult situation…

If you print money the U.S. it doesn’t mean that it creates bubbles in the U.S. It can create bubbles in your neighboring regions – say Latin America, or Asia, or it can create bubbles in precious metals or in commodities, or in home prices somewhere else in the world. Or, say, for instance, in China. And if the Chinese bubble bursts one day, which inevitably will happen, maybe not tomorrow, but maybe in three months or maybe in three years. But when it happens it will have devastating consequences for the global economy.”