As investors wring their hands over the impact of Britain's potential withdrawal from the European Union, otherwise known as "Brexit," one of the market's biggest bears delivered a surprising message.
"I happen to think that a Brexit would be bullish for global economic growth," Marc Faber told CNBC's "Trading Nation" on Wednesday. "It would give other countries incentive to leave the badly organized EU."
The editor and publisher of The Gloom, Boom & Doom Report emphasized that a vote on June 23 by Britain to leave the EU would be an ideal course of action for the country. Additionally, Faber expressed the belief that small countries like Croatia, Estonia and Malta would also prosper as independent nations versus being a part of a larger system.
Currently, the EU has 28 members that operate within a single market with the goal of encouraging the free movement of goods and services. British Prime Minister David Cameron has expressed disdain for leaving the bloc, explaining in a piece for The Telegraph that doing so would "be the gamble of the century."
However, that's a risk that Faber says Britain should be willing to take and noted that the European Union is an "empire that is hugely bureaucratic."
Faber further reasoned that a Brexit would not be a disaster. "On the contrary, it would be the best thing for Britain that would ever happen!"
Faber defended his case by citing Switzerland, which is not a member of the EU nor the European Economic Area, but instead operates in the "single" market. That enables the Swiss to have rights in the U.K., but theoretically allows them to operate independently of both groups.