Marc Faber: “Gold is oversold, may be time to buy”

September 26, 2011 by · Leave a Comment
Filed under: Videos 

Marc Faber’s gold comment was just a small part of the interview but relevant with this current sell-off in the precious metal.  Also, he speaks about entitlements in the United States.  This is really the elephant in the room that no one will acknowledge is the main cause of future uncertainty in our economy.  We need to meaningfully and aggressive tackle this issue and get a compromise that creates some sort of cut-off under the existing obligations but also fulfills that same obligation to people who are too far in life to have the ability to create and alternative plan for retirement and healthcare.

This is the only way.  If we continue on this track, we will continue to dedicate more and more resources to propping this broken system up and we will not have the options we need to tackle other issues that are pressing like energy security and education.

Video (CNBC):

Marc Faber Video – ‘We will see QE18 before the Fed is done’

March 17, 2011 by · Leave a Comment
Filed under: Videos 

Dr. Marc Faber as we know has a very pessimistic view of the U.S. economy and the level of debt in the global economy.   This is a solid video talking about Japan and spillover effects on the economy.   Hope you enjoy the video, it is worth the watch.

Video (Marc Faber):

Link to Video (Scroll down, its on the front page)

Link to Story (CNBC)

“” Speaking as global markets fell violently lower in the wake of the Japan earthquake and fears of a nuclear meltdown, Faber said a stock correction actually is healthy in view of how far equities have come from the March 2009 lows.

He also expects weakness to persist and the Standard & Poor’s 500 to drop as much as 15 percent. Further, Fed Chairman Ben Bernanke will likely give the green light to another round of Treasurys purchases, which have come to be known as quantitative easing, he said.

“We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I’m sure,” said the author of the Gloom, Boom and Doom Report. Later in the interview, he added, “Actually I made a mistake. I meant to say QE 18.”

U.S. Inflation to Approach Zimbabwe Level, Dr. Faber Says

May 28, 2009 by · Leave a Comment
Filed under: Opinion 

All this money pumping has to go somewhere and when you hold interest rates so low, you force people to speculate on other more exotic investments than government bonds to get a return that outpaces the inflation rate.  

Inflation is picking up in the commodity arena, just look at the prices on food and energy.  I love how all measures of inflation seem to pull these out of there figures but those costs ate the ones that affect the most amount of the population being that we still have a large wealth distribution gap in the U.S.  Something has to give way at a point and my call is the dollar and inflation on the rise to compensate for our spending and bailout policy.

News (Bloomberg):

The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

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Marc Faber: Let the crisis burn itself out – I Agree

September 23, 2008 by · Leave a Comment
Filed under: Economic News, Videos 

Marc Faber made a very astute observation about this current economic crisis. I believe letting the market takes its course and de-leverage to a reasonable level is the best thing we can do right now. The will also help reform the currency and bring the price level down to something more balanced with wages. We really do need to look at how we issue and manage our currency.

The boom bust cycle that comes with the fractional reserve banking system and adjustments in the interest rate to try and control the availability of credit is not very healthy for the country long term and tends to transfer real wealth to the people who get their hands on the new creation of money through credit expansion and then have the ability to make investments in the market that are almost a sure bet when you know that the increase in the monetary base is going to increase prices across the board.

Marc Faber: Let the crisis burn itself out