Fund manager Marc Faber believes the Federal Reserve has more "quantitative easing" (money printing) on its agenda. Massively too.

Marc Faber expects a return to massive quantitative easing by October

Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the US is so full of debt, stuck in a period of slow growth and high unemployment, that the Federal Reserve will soon have to revert back to crisis era policies.

Speaking to Bloomberg in a live interview Thursday, Faber said: " I am convinced the Fed will soon implement further quantitative easing," adding "and massively so".

"It will probably happen in September, October," Faber said, putting a timeline to his prediction.

"The US economy is not robust".

Unfortunately, Faber's probably right. He also offered up some sound investment advice. In describing his own investment philosophy, he says:

"I feel that most investors take far too many risks – often with borrowed money – and fail to diversify sufficiently. They also have little patience, very short-term time horizons and no tolerance for losses," Faber writes.

"Their expectations about investment returns are completely unrealistic… Most investors buy a stock or make an investment with the view that within a month the return should be between 10% and 20%," he adds.

"If you can achieve an annual average real return of just 3% on all your assets (inflation adjusted), you will leave a huge fortune to your children".

"The prime consideration should always be capital preservation and avoiding large losses," he concludes.

Wise advice indeed.

Too bad our Ruling Class insists on printing money and running up debts (in our name) instead.