2/22/10 Marc Faber on Bloomberg: Stocks to Fall in 2010

[mrzack888]

faber is WRONG. markets are booming. so where is the pullback???

[emichik86]

he was dead on. After april the markets went to crap.

[spunright]

So why is my portfolio going great guns right now? Darn should be in gold and roman noodles.

[xanthromera]

@spunright Not too late to buy gold.

[Alexharcourt]

This guy literally understands everything so well that when people ask him questions he laughs. I kind of wrote him off when he said a moth ago that the s and p would sell off and precious metals would go lower before higher again. He was exactly right and now I listen very closely.

[banti321]

there are basically 2 major schools of economic thought .Peter schif comes from Austrian school of thought who is absolutely great and that is what the professor lacks .The professor doesnt understand how monetary easing , zero interest rates will effect a economy.that is what schiff is defending for .

[murrchops]

Rubbish, Marc Faber is an Austrian as well.

[covertbabo12]

I thought he was Swiss

[Rasenkrieger]

@murrchops

Austrian School of economics/

He is from Switzerland. I think he knows all major schools of economics though

[golfprobro4eagles]

Listen up girls. Gerald Selentes,Peter Schiff, Jim Rogers and Marc have been right about everything that has happend. This is what scares the hell out of me.

[yambol77]

You are right me too.

regards

[MEXBOL]

I would add to that how economics is being taught at universities.....somewhere on youtube there is a great video of Schiff debating a university professor who appears to have no idea what is going on ! I will try to find it

[emirnkamelia]

link that vid to me if you found it plz

[measax]

@golfprobro4eagles Gerald called for food shortages in the 80s. yes they understand that the monetary system is broken but its not possible to fix. Money is corruptive. Get used to it. Marc is my fav of all. i find him to be brilliant man but he is betting on the US government to inflate ad-infinitum. If they do that it will be end game. The US in its modern, recorded technologic history has not dealt w/ hyperinflation. Deflation we beat. Which would you pick?What you know or don't know?

[superskunkfooker]

Awesome channel!

[shouldlistentoronpau]

@MerulaMondicht

the real crisis has not even begun

(God, I hope I'm wrong)

[mrzack888]

im gonna buy ETFs that short the stock market. if the market doesn't go down, then I'm gonna be pissed at Farber.

[coreyk123]

Don't worry it will go down

[DNATS]

you don't have to take his advise for it, do your own research and don't blame anyone.

[mrzack888]

i blame the new world order

[farhadcoyote]

@mrzack888 read "The Dollar Meltdown" by Charles Goyette. He will clearly lay down the pros and ons of each type of investment. He gives you a lot good places to Invest in US markets which agrees with Peter Schiff's principles without aving to invst outside he USA

[shouldlistentoronpau]

you should consider Jim Rogers "buy agriculture and commodities" also, if I was you

[sasaken221]

the second economic crisis is around the corner...

[hurryingfred]

The first one never ended, economic news is just being spun.

[shouldlistentoronpau]

I think the second Great Depression will occur within this decade

[truthislibertyus]

Faber seems to think the U.S. is in great shape suddenly!

Last year he was comparing the U.S. to Zimbabwe and saying our dollar was toilet paper. Now it seems like he has pulled a complete 180!

[martinbelmont]

@truthislibertyus no his forecasts are long term. he has a 10 years horizon.

[edwinhermet]

@truthislibertyus Where did you get that from? :-D

unfortunately for the u.s. he does not think that at all.

[mphailey]

no no no no watch more videos he never says that

[linnx88]

Whether stocks fall or rally (through speculation Zimbabwe style), it does not change the fact. US is a bankrupt nation with trillions of dollars foreign debt and trillions more in welfare state promises and baby boomers (most productive and well educated sector) are retiring. There are two possibilities now, hyperinflation or debt monetization through further paper printing and fractional banking fraud (this will cause China and Japan to stop exporting to US period).

[Rizky06]

linnx88

"this will cause China and Japan to stop exporting to US period".

This will be the beginning of looking only to ourselves to solve our problems and produce our own goods. Hire Americans Only 2012!!!

[linnx88]

I completely agree with you. However in order for a true improvement to take place, we must become completely independent, throw out the current neo-con serving, foreign interests out of Washington, DC, stop the illegal wars for foreign interest, and build factories and become a productive economy and provide people with fulfilling jobs which pay well, instead of a service economy financed by debt and borrowing and exportation of American jobs. End the fed, return to the Constitution, end wars

[ISeeThemNow]

One of many things I like about the videos by these very wise people (Faber, Schiff, Rogers, Celente...etc) is that it attracts very intelligent viewers judging by many of the comments. @linnx88, Rizky06, measax, shouldlistentoronpaul and others, excellent comments. You guys/gals get it - keep on spreading the word. The only way to not get defeated by central banking is if everyone understands what they are doing, and rely on eachother instead of depending on them.

[wcarlpdrysdale]

End the FED.