However, the solution to these crises are usually to prop up insolvent states and companies by printing money. This further de-bases currencies around the world, and as the crises abate the long-term trend (currency devaluation against hard assets) continues.
Faber specifies:
“When Greece is bailed out, it’s a further indication that paper money is losing its purchasing power because it’s diluted through larger and larger bailouts and more and more deficits,” Faber said.
Source: Business Intelligence Middle East
