He predicts CBs are going to print even more money at a faster pace to hold the failing economic system together for a little while longer.  Dr. Faber explains,

"What is perceived to be safe, namely cash, isn't safe anymore.  It is unsafe.  You ask me what is safe?  I don't know what is safe anymore when you have money printers who print money indefinitely.  I don't think they can stop.  I actually think they have to accelerate their money printing.  So, stocks may go up, but in real terms, it doesn't mean your standard of living will go up.  Maybe the standard of living of the 50 richest people in the world will go up, but not the standard of living of the typical American . . . or the average American.  That standard of living will go down. . . . All the money printing is a desperate measure to keep the voters from rebellion."

Dr. Faber predicts that not only are we going to see more asset inflation, but dramatic wage inflation too.  Dr. Faber, who holds a PhD in economics, says,

"What I think will happen, and most people have not really considered, we will get wage inflation.  For the first time since the late 1970's, we will get accelerating wage inflation, and in some cases, quite dramatic.   In some states, the minimum wage is $15.  I could see that going up to $30 per hour very quickly.  I don't think inflation is 'transitory' (as the Fed proclaims).  We will not have stagflation.  We will have something worse.  We will have rising prices and a depression in the standard of living of most people."

Dr. Faber says the U.S. stock market is "overpriced and over-owned."

He likes stocks in foreign countries, real estate "far outside the cities" and physical gold, silver and some cash.  Faber also likes some crypto currency in one's portfolio.