"I think that governments have become like a cancer, they have expanded in the financial system," Faber said.
"I think the biggest problem is too much intervention. Whatever the government touches is usually done worse than in the private sector," he said.
Markets usually give signals when something goes wrong but, if the government is to intervene, as is the case of the European Central Bank, the Federal Reserve and the Bank of England's bond buying, government intervention hides these signals, according to Faber.
"I think any government intervention has unintended consequences and is negative," he said. When there is intervention, "eventually the market will break the intervention and things will blow out."
Via CNBC
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