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:
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.