Faber: Bernanke No Better Than Mugabe

Thursday, October 1, 2009 12:31 PM

By: Julie Crawshaw

You have to give credit to Ben Bernanke and Alan Greenspan, contrarian guru Marc Faber said at the CLSA Asia Pacific Markets investor conference in Hong Kong.

"They have achieved something no central bankers have achieved in history. They created a bubble in everything... The only asset that went down from 2002 to 2007 was the U.S. dollar."

And the only place that didn't grow in the final years of the latest bubble was Zimbabwe, which suffered hyperinflation and economic collapse and was "run by a money printer, Mr. Mugabe, a mentor of Mr. Bernanke," Faber said.

As for the stock market rally: Faber believes money printing is to blame.

“You can’t find anyone more negative about the world than I am,â€