View Full Version : latest from the mind of Marc Faber....
Steal
7th August 2010, 08:43 PM
this is going to hurt (http://www.fool.com/investing/general/2010/07/26/marc-faber-sit-still-this-is-going-to-hurt.aspx)
avoid bonds (http://newsblogs.chicagotribune.com/marksjarvis_on_money/2010/07/marc-faber-warns-investors-to-avoid-government-bonds-and-suggests-gold-farmland-and-art.html)
http://www.youtube.com/watch?v=7LDVHVwGO-U
http://www.youtube.com/watch?v=f3FvCvjZLd8
http://www.youtube.com/watch?v=NIeJml4RD2I
FunnyMoney
8th August 2010, 09:05 AM
At 4:04 into the first video...
"Govts create problems. Govts are not there to solve problems. They're there to create problems and to take more and more power and freedoms from individuals." -Marc Faber
After so many centuries, it's amazing how few people really understand this simple truth.
Joe King
8th August 2010, 08:03 PM
I really like that guy. I wish he could be my Doctor. :D
His comment in the first vid about him not expecting any more deficits of less than a trillion a year, supports my contention of why the passage of the health care Bill was deemed to be so important by our fearless leaders in Washington.
It all makes perfect sense to me.
Albeit in a twilight-zone World kinda way.
Apparition
8th August 2010, 08:12 PM
Marc Faber is one of the most sane men on this planet.
It's saddening that he has more common sense and intellect than most any politician in this country.
Liquid
8th August 2010, 09:33 PM
Marc Faber is one of the most sane men on this planet.
He's also one of the funniest, imo, on how he expresses the truth. Great quotes from him...I really enjoy how he says "50% of government employees should be sacked." ;D Or, "when the whole system collapses, as I think it will.." "paper money will go poof, it's value zero."
The icing on the cake in this video, is the uplifting upbeat music at the end.
Great watch, a must for all.
007
9th August 2010, 08:50 AM
Mr. Faber's bottomline - PM and equities (in Asia, Australia, Europe, and Canada). Interesting that Prechter is more doom (DJ 1000) than Dr. Doom, who says they'll turn off the power and water during the next war. Sounds like DJ 1000 to me if bombs are going off in U.S.A. cities. :o So to PM and equities I'll add Marc's previous recommendation of owning your own farm far away from the cities where the bombs will be falling.
So PM, equities, and a farm (real estate).
LOL - Sterling Fox. Sounds like a evil villain character. Or the Scarlet Pumpernickel.
Still Barbaro
9th August 2010, 10:36 AM
^ Yes, I am transfereing one of my awful IRAs from US equities to an Asia fund.
As Fabar notes, he seels gold going up....
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