I feel this may well happen but not yet. There's still enough confidence in govt to keep things going for now. I diversify ags via ETFs but also buy ag land and agricultural equities (fertilizer). Have a big back garden!! BTW, I cnt understand your infl argument. Banks wont lend, people wont borrow, wage growth anaemic, rising unemployment etc.. even with printing how will inflation kick in short term? Zimbabwe didn't have a credit boom to deleverage..
I agree with you dakusahab. I would say soft commodiities like soya and wheat are a buy. They never saw the rally of 2009 and are cheap on nearly all measures. With compeittion for food likely to icnrease in the coming years, i would get in now.
The country that has the most sustainable energy and transport sector will be top dog after this depression, if china stops making stuff it will have a nationwide high speed rail system not reliant on oil, and nuclear energy can be enough to power households in cities, America has a crumbling rail system and in the even of a oil shortage, states will become isolated and the country have even split to due to the isolation of large areas from each other.
Dude, China is a bubble, and the shock to their system when they realize that we aint got no money/credit left to employ their people is going to be of some proportion.
China is going down, even Jim Chanos - the Warren Buffet of short selling, is short.
Dude got the nickname because he sits on his shorts for ages after doing the research.
Even Faber isnt buying China's recovery figures - the rot could be as bad as in the US.
most big economic countries are a bubble and I agree china is a very big bubble, there is a paradigm shift going on, and there is going to be a global economic collapse, however in saying that America is perhaps in the worst shape of any country because its has things called suburbs where all people do is live and DRIVE to work, when oil supply collapses, thousands of communities will literally become no mans lands and starve to death.
A proper rail system based on electric power is needed to operate an industrial economy with shortages of oil. without a rail system, A continent like America goes back 250 years back in time to horseback. Money is going to mean less in the future and commodities will mean everything, especially energy.
Go read 250 years of history and find out about the madness of the crowds. The crowd has a knack for making poor investment decisions or else we would all be popular and rich, wouldnt we?
The crowd is into commodities because the price is going up, I am into commodities because they are COMMODITIES. The world operates on several ecosystems, the first is the natural ecosystems on which all living things depend, this includes food, water, shelter. next for industrial civilization is coal/oil/natural gas without these three we would have little industry if any. after these three are all the metals, minerals, and other commodities. after this is the information tech.
information technology is needed for globalization and the modern world to function. Finally after information tech are the discretionary spending we do such as buying labeled clothes, restaurants, hotels, luxury, leisure and anything non essential. If I am betting on commodities what I am saying is that the top ecosystem (discretionary spending) is going to shrink because the bottom ecosystems are shrinking to due resource depletion, pollution, energy shortage etc. I am not following the crowd.
The difference between a person who knows why they invested in something other than price is they also when why they should stop inventing in something. Morons who saw house prices were going up without understand its route causes got killed, those who knew the route causes timed the market correctly or didn't invest in it at all. In this economy you should also invest in utility companies, broadband internet providers (those who own the cable or antennas) and avoid software/services.
No country can monetize it's way out of debt in the current system because all money comes into existence as debt. All they can do is play the ponzi game or Abolish the Federal Reserve.
Dollar is going up because Greece and Spain are being sacrificed to get the Euro down and save the USD for a while. Special thanks to the CIA and to the EU puppets
yea the dollar stood up in the most spending month of the year . what happens next month with no spending all of the returned broken products and the over charged credit card bills retard? not to say anything about the fact that tax refunds r going to be less than last year do to the bs stimulas plan of about 13 bucks per week that u arent going to get this refund cause you have already been paid plus those on unemployment with no taxes taken out. next year will be one major failure.
yep and it bit u right on the weiner, moron. so now u have a poisoned weiner and the toxin is going up to ur brain. hopefully, that will cure u. if not, u will just die and the world will have one less moron.
Yes. So how do I store a few tons of wheat in my apartment? :)
delatroy 2 years ago
@delatroy whole grain spaghetti maybe??
lonewolf88 1 year ago
Hey DrMarcFaber,
What do you think of the US dollar rally?
Is that really your?
Nuanceqwest 2 years ago
@DrMarcFaber
I feel this may well happen but not yet. There's still enough confidence in govt to keep things going for now. I diversify ags via ETFs but also buy ag land and agricultural equities (fertilizer). Have a big back garden!! BTW, I cnt understand your infl argument. Banks wont lend, people wont borrow, wage growth anaemic, rising unemployment etc.. even with printing how will inflation kick in short term? Zimbabwe didn't have a credit boom to deleverage..
Nw791Lme 2 years ago
I agree with you dakusahab. I would say soft commodiities like soya and wheat are a buy. They never saw the rally of 2009 and are cheap on nearly all measures. With compeittion for food likely to icnrease in the coming years, i would get in now.
Nw791Lme 2 years ago
Ok.
Nuanceqwest 2 years ago
7:21 dude laughs at America at the end.
Nuanceqwest 2 years ago
@Nuanceqwest Is that not allowed?
99hoolio 2 years ago
@99hoolio
Nah, he just looks so German when he says it. even though he is not german.
Nuanceqwest 2 years ago
@99hoolio
Incidentally, America will still be top dog after this depression.
Nuanceqwest 2 years ago
The country that has the most sustainable energy and transport sector will be top dog after this depression, if china stops making stuff it will have a nationwide high speed rail system not reliant on oil, and nuclear energy can be enough to power households in cities, America has a crumbling rail system and in the even of a oil shortage, states will become isolated and the country have even split to due to the isolation of large areas from each other.
dakusahab 2 years ago
@dakusahab
Dude, China is a bubble, and the shock to their system when they realize that we aint got no money/credit left to employ their people is going to be of some proportion.
China is going down, even Jim Chanos - the Warren Buffet of short selling, is short.
Dude got the nickname because he sits on his shorts for ages after doing the research.
Even Faber isnt buying China's recovery figures - the rot could be as bad as in the US.
Nuanceqwest 2 years ago
most big economic countries are a bubble and I agree china is a very big bubble, there is a paradigm shift going on, and there is going to be a global economic collapse, however in saying that America is perhaps in the worst shape of any country because its has things called suburbs where all people do is live and DRIVE to work, when oil supply collapses, thousands of communities will literally become no mans lands and starve to death.
dakusahab 2 years ago
A proper rail system based on electric power is needed to operate an industrial economy with shortages of oil. without a rail system, A continent like America goes back 250 years back in time to horseback. Money is going to mean less in the future and commodities will mean everything, especially energy.
dakusahab 2 years ago
@dakusahab
Ok, get on the commodities bandwagon.
Go read 250 years of history and find out about the madness of the crowds. The crowd has a knack for making poor investment decisions or else we would all be popular and rich, wouldnt we?
Nuanceqwest 2 years ago
The crowd is into commodities because the price is going up, I am into commodities because they are COMMODITIES. The world operates on several ecosystems, the first is the natural ecosystems on which all living things depend, this includes food, water, shelter. next for industrial civilization is coal/oil/natural gas without these three we would have little industry if any. after these three are all the metals, minerals, and other commodities. after this is the information tech.
dakusahab 2 years ago
information technology is needed for globalization and the modern world to function. Finally after information tech are the discretionary spending we do such as buying labeled clothes, restaurants, hotels, luxury, leisure and anything non essential. If I am betting on commodities what I am saying is that the top ecosystem (discretionary spending) is going to shrink because the bottom ecosystems are shrinking to due resource depletion, pollution, energy shortage etc. I am not following the crowd.
dakusahab 2 years ago
The crowd is following me without knowing the real reasons for my choices, except that price is going up, which was the same in housing.
dakusahab 2 years ago
@dakusahab
Ok then.
Nuanceqwest 2 years ago
@dakusahab
Nice to see that you are a trendsetter with the crowd follwing you and all.
Nuanceqwest 2 years ago
The difference between a person who knows why they invested in something other than price is they also when why they should stop inventing in something. Morons who saw house prices were going up without understand its route causes got killed, those who knew the route causes timed the market correctly or didn't invest in it at all. In this economy you should also invest in utility companies, broadband internet providers (those who own the cable or antennas) and avoid software/services.
dakusahab 2 years ago
This comment has received too many negative votes show
i want to see this interviewer beaten to death
Geilheid 2 years ago
No country can monetize it's way out of debt in the current system because all money comes into existence as debt. All they can do is play the ponzi game or Abolish the Federal Reserve.
daniel987878 2 years ago 2
Dollar is going up because Greece and Spain are being sacrificed to get the Euro down and save the USD for a while. Special thanks to the CIA and to the EU puppets
Djelomou 2 years ago 4
Thank you!
BlueSkies360 2 years ago 2
yea the dollar stood up in the most spending month of the year . what happens next month with no spending all of the returned broken products and the over charged credit card bills retard? not to say anything about the fact that tax refunds r going to be less than last year do to the bs stimulas plan of about 13 bucks per week that u arent going to get this refund cause you have already been paid plus those on unemployment with no taxes taken out. next year will be one major failure.
tihs11ub 2 years ago 3
Bet Faber liked the way that the dollar just stood up this past month.... like an angry King Cobra.
Nuanceqwest 2 years ago
yep and it bit u right on the weiner, moron. so now u have a poisoned weiner and the toxin is going up to ur brain. hopefully, that will cure u. if not, u will just die and the world will have one less moron.
trinomialtree 2 years ago
@trinomialtree
HAHAHAHA,
That was no-negotiation rally, people didnt even have time to analyze or readjust for this move.
LMAO, after the FOMC, people went to bed only to wake up with the Euro having been bodyslammed overnight.
Nuanceqwest 2 years ago
there was a dollar rally this week. so?
how does this impact on marc faber's long term forecasts?
if you reply with something dumb, i assume the toxin didn't cure you and unfortunately it didn't kill you either, so the world is still +1 on morons.
trinomialtree 2 years ago 2
@trinomialtree
My son, I am afraid the best turns come without people expecting them. So you are still in bliss but the market has made a very, very telling move.
Beware, get your money into dollars all the other currencies are going to get stompted
Nuanceqwest 2 years ago