“Faber told CNBC that central bank stimulus was useless and the implosion of markets was the only way to restructure the financial system. ‘I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency [markets, debt market or stock markets,’ he said. ‘It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today.’”
