Janet Yellen will bring Negative Interest Rates

Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.

World renown author and forecaster Marc Faber's [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:

She[Janet Yellen] will make Mr Bernanke look like a hawk. In 2010 she said if she could vote for negative interest rate, in other words you have a deposit with the bank at $100,000 at the beginning of the year and in the end you would only get $95,000 back, that she would be voting for that.

Basically her view will be to keep interest rates in real terms, in other words in inflation adjusted, and don’t believe a minute the inflation figures published by the Bureau of Labor Statistics.

The consequences of these monetary policies and artificial low interest rates is that government gets bigger and bigger and you have less freedom. That is the consequence.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.