"They will all bankrupt us and expropriate us, but it may not happen tomorrow. They'll give us something to play with, until the whole system breaks down...they'll just print and print moremoney," he said on CNBC Thursday.
"What I object to the current government in so-called 'solving the crisis', (is that) they haven't solved anything. They've just postponed it."
Faber warned that the "ultimate armageddon" would be much worse the next time around, as "governments will go bust", which would lead them to print more money.
He also warned that China's growth was "completely unsustainable in the long run," highlighting the red-hot property sector.