Reuters
The world has not seen the end of the financial crisis and the recent surge in markets was a result of excess liquidity coming from central banks, Marc Faber told CNBC in an interview.
"If you pump money into the system and you create large fiscal deficits, you create volatility," Faber, author of the Gloom, Boom and Doom Report, told CNBC in remarks reported on its website.
"We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months -- the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.
Faber, who did not forecast a precise time for that crisis, told CNBC that firing half the government workers in the world would be one way of dealing with the crisis.
"If you shift government activity to the private sector the economy becomes more dynamic," Faber said. (Reporting by Ajay Kamalakaran in Bangalore)
Marc Faber says ultimate crisis still coming -CNBC | Industries | Financial Services | Reuters
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