Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 07:44 PM
Original message
Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak
Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak
Posted Sep 22, 2009 07:30am EDT by Aaron Task in Investing, Newsmakers


"The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society," Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.

A statement like that pretty much speaks for itself, but it's a bit more complicated than appears on first blush.

Faber has been bullish -- especially on commodities and emerging market stocks -- for some time now and believes the current global recovery trade will last another two-to-three years, as discussed in more detail in a forthcoming clip. But he has major long-term concerns about the dollar's long-term viability given rising U.S. deficits, massive unfunded mandates and the fact "we have a money-printer at the Fed."

This combination will eventually lead to runaway inflation, wholesale debasement of the dollar, and a major lowering of living standards for most Americans and many Europeans as well, says Faber, who is "highly confident" in this grim prediction.


More with VIDEO HERE!

http://finance.yahoo.com/tech-ticker/article/337749/Bul... -
Printer Friendly | Permalink |  | Top
The Velveteen Ocelot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 07:47 PM
Response to Original message
1. We're doomed.
Printer Friendly | Permalink |  | Top
 
MrModerate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 07:48 PM
Response to Original message
2. And he didn't even mention mutated H1N1 killing off 95% of the human race later this year. n/t
Printer Friendly | Permalink |  | Top
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 07:56 PM
Response to Reply #2
4. You mean those "forced vaccinations" of our kids with "two shots" for them and One for Parents?
Edited on Tue Sep-22-09 07:57 PM by KoKo
Yeah...It's a hard call for parents who grew up under Bush Regime to go against.
Printer Friendly | Permalink |  | Top
 
maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 07:50 PM
Response to Original message
3. start hoarding again
& breed as many pit bulls as possible to protect your chickens.
Printer Friendly | Permalink |  | Top
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 08:00 PM
Response to Reply #3
5.  That's "End of the Times" stuff...we can do better...but, agree
that we need to take some precautions. And, it ain't buying guns and baracading, either.

But, what do we do ..when fax, phoning and showing up at one's Elected Rep's Townhall Meeting ends up in disappointment.

THE NEXT STEP...THAT'S what WE NEED! Where is it? Who will stand up? We always need LEADERS...or can we do it on our own? :shrug:
Printer Friendly | Permalink |  | Top
 
chollybocker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 08:38 PM
Response to Original message
6. The Rapture is sooo yesterday.
Printer Friendly | Permalink |  | Top
 
KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-22-09 10:28 PM
Response to Reply #6
7. I wouldn't be too sure about that Rapture...too many still belive in it...and
there are still folks who think Giuliani/Palin would be a great ticket in 2012!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 25th 2014, 02:46 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC