The topic is - surprise, surprise - inflation/deflation. Faber used to be a deflationist - his book Tomorrow's Gold is written in that perspective - and at some point, he found Fed Religion.
I think Faber is fantastic, and I try to listen to everything I can by him. His newsletter is a tad rich for my blood ($700/year) - though I did get my hands on a copy once, and thought it was great.
Faber believes the Fed will be able to inflate because it can, and because it has too. Of note in the context of our inflation/deflation coverage, he believes the potential lynch pin of the argument is the dollar. To have inflation, the dollar must weaken. So if we see a strong dollar, that could be a sign that inflation is not happening.
Another good one, this interview a video, is Faber on Yahoo Tech Ticker. This is classic Faber. In the first part, he lays out a very thorough argument for inflation and possible financial scenarios. Then he drops the hammer in the second part - as he casually transitions into talk of global wars and social instability. They don't call him Dr. Doom for nothing!
(Thanks to our friend and past guest author Jonathan Lederer for forwarding that 2nd link along).
Other recent Faber coverage: