Below is a wide-ranging interview with Marc Faber on four videos on CNBC TV18 in India in which he explains his views on inflation, currencies, commodities, stocks and more, all courtesy of Edward Harrison at Credit Writedowns.

Asset-based economy. In general, he thinks we are in an inflationary environment, whereas I think deleveraging is secular and means any inflation is only cyclical. But he shares my belief that zero interest rates induce money balances to move into consumption or into higher-yielding assets. He believes this is a boon over the medium term (if not the short or long term) for financial assets, whether they be stocks, bonds, commodities, real estate or art. And it is something that will continue, he says. Faber believes Bernanke will be loath to raise rates aggressively given his prior statements and writings.

Currencies. Faber takes the view, with which I agree, that

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More weakness in the market this morning, mostly driven by weak commodity prices. Still seeing organized selling (whatever that means), but its an improvement over the panic of the previous legs down (last fall and this March). br /br /-Natural gas dropped again hard this morning. I've got some lower limit orders out there to pick up some more shares if I can. These are really cheap prices. Commodities are volatile, and natural gas especially so. But I've already made my case for investing in this, and I think patience will pay off.br /br /-Railroads are continuing to show relative strength (NSC, BNI, UNP are the ones I watch). I'm not sure if that is the market pricing in a broader market recovery, or are on board with their business model moving forward. I'm a proponent of the latter. I think a ...