Added: 1 year ago
From: marcfaberreport
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  • Ask why we pay so much for gas well if your currency is worth shit as the government prints more currency to keep up with it net lose. The dollar has less buying power which forces us, the consumers to pay through the nose for a gallon of fuel. The government wants the citizens to pay for the crooked way they run the country.

  • when americans go pick on a country that can actually defend it self , americans will quickly find war isnt so glamorus, using remote control drones shooting iraqi's calling them terrorists isnt a war...

  • There is a difference between anticipating something is going to happen and hoping it will. Faber's hoping that the system crashes is a sick, perverted wish. Has it occurred to this arrogant prick how much pain that is going to cause a lot of people?

  • @MADMAC572 Faber has often been accused of being a misanthrope but I feel he's just realistic and outspoken. Yes he's a cynic but he speaks of the inevitable crash that he sees coming. There's this proverb "Better an end with terror than terror without an end" and I take his doomsday warnings in this sense. Faber lives in Thailand and is financially set, an economic meltdown won't affect him. Actually I've contacted him after I inherited a nice sum but he doesn't take any more new clients, haha.

  • Lingerfoot -- You are wrong when country goes bankrupt , first you have big WAR and unimaginable blood shed , and than comes peace.

  • This is an older video that is still quite pertinent.

  • whew, good thing we have this obnoxiously huge military. I was almost worried for a second.

  • This guy is really smart.

  • arabs too, taliban is in minneapolis, MN.

  • the day the american white man, white anglo-saxon protestant white americans let this nation fall down, turn their backs on their own nation, and dont put gold and silver back in their money, then we are all doomed to destruction. every other foreign born hispanic mexican, african, asian ,immigrants hindus, all standing by to take over this country.

  • @Rico8458

    Idiot! You forgot one thing dear prejudiced guy, " WHERE ARE THE AMERINDIANS"?You speak as if the " white anglo-saxons" were natives of this continent! Please, go get educated and leave the world alone. People like you probably supported Bush and wanted war against the unsavory Arabs. now you are accusing the immigrants for all the problems of the world.

  • The usa is at war now.....and they are in a mess.....war doesn't solve its own economic malaise.....just default and get on with a new system.

  • eyewitness043 - Goverment can not do anything , IF they can do something we would never be having economic crisis.

    Remmember HOW CCCP collapsed - in 1989 with goverment plan to restore the economy. WHAT they created - Collapse of the CCCP chaos , gangs mafia.

    But CCCP collapse was relatively peacefull , How many people died maybe 20-30

    HOW many people USA already killed in Iraq over 1 million , Dollar collapse will bring dictator like HITLER to be president in USA. USA 3000 H Bomb

  • Why can't I see year and date of Item. When looking at finances I don't want to look at something a month out of date and think it is current.

  • Classic Marc at 6:30

    "I hope I'm still alive to see this mess." - Marc Faber

  • eyewitness -- Before USA goverment go bankrupt they will kill Millions around the world with their army WW-III highly possible.

    Maybe you are in a country where USA has their military bases.

  • @aviomaster - What happens when a country goes bankrupt? Peace.

  • I have followed this man for years and find him to be right on target in most cases. he should be listened to!

  • why does he say the us will go to war at the end? that would make its economic situation even worse

  • @wastedwasted3 No,thats not true,war tends to improve the economy----WWII is what go us out of the great depression.

  • they do deserve to go bankrupt - their reckless short-sighted spending over decades has destroyed the wealth of the middle class and any means of recovery. but no one gets away with anything. they think they leave office and no one will worry about them, but no they cant hide from divine judgment

  • "i hope i'll still be alive to see this mess"

    and i wish him that, because he deserves it

  • at the end "I hope I will be alive to see this mess." Classic of Marc Faber!

  • Thank you for posting this! i have been unaware of Marc, he seems to know his stuff!

  • @whitebuffalomaiden You should search for "Marc Faber mirror" here on youtube, you´ll find a fantastic 1 hour presentation of him. I promise you that hour won´t be wasted!

  • @Axiomatic75 Thank you So much! :) I am really impressed with him! I am gonna look that up!

  • I hope to still be alive to see this mess!

  • history repeats it self :(

  • i trust this man

    what he says is absolutely true

    us gov. printing money like crazy and ultimately going to war against .......

  • he wants to toss one in her ..

  • @florgat91

    Hey, so do I.

    LOL Cheers!

  • 2:00 - "We had a financial crisis...Basically the financial system went bust but it was bailed out by the government.The next time the train stops is when the Governments go bankrupt. And that day I really look forward [too] because that is what they deserve." -Marc Faber

    Hell Muthafuckin' yea!!!

  • @eyewitness043 Why would you (or he) want to see this come to pass? There's some kind of Schadenfreude going on here. I was in Somalia when their government came apart - which, it also deserved. It was a horrible event that has not ended even now. I can understand the logic of his predictions, but I can not understand why he thinks they will be good to watch.

  • @MADMAC572 - The crooks can stall, but can't totally "put off" karma. Furthermore, "want" has nothing to do with what's already "coming around". The Deeds been done.

  • Please stop posting old interviews. If you post old interviews, then please state that it is old

  • It's a good thing I work for the Rockefeller family. They will take care of me.

  • @sinitskyd

    Oh, yeah, they will certainly "take care of you".

    .

    Cheers!

  • @2:04 - I completely feel the same way as Marc; I really do look forward to the day the governments go bankrupt... They deserve it!!

  • old interview

  • I love Faber

  • yeah I keep thinking after that law in arizona goes in effect ... a civil war will start in the U.S ... divide n conquer.. though I don't get why U.S warships are in costa rica Venezuela War? the death of hugo chavez ? the start of another war? though shit is gonna hit the fan this yr.. where it will come from... who knows... just be prepared for change.. as it looks like it's coming... don't u find weird that afgan n iraq are very closed to CHINA? and missiles bases in europe close to RUSSIA?

  • Many believe the US will go to war. It makes me wonder that if so many people are expecting it, will it actually happen?

  • Since accent from the interviewer. Is she scottish ? Maybe islandic?

    

  • @muschek

    definately scandinavian/icelandic

  • @muschek

    I think Netherlands. I knew two guys from there and their english accents sound almost identical to hers.

  • 'That was by accident'

    I love this guy, he's economic's response to Werner Herzog.

  • He shouldn't be so glib about wanting to see the Total collapse of the western world- I mean realisticly- The collapse of the US anglo empire will collapse the entire world. Millions if not billions will die just from that over the long haul. Think hospitals without medicines or lighting. Basically think Somalia on the scale of nations, or if we go the other way, World War II times 100 where the entire earth becomes a battlefield which will yield the same thing- population reduction

  • @1x93cm

    That is one of the few things that is very easy to predict about the coming crash--death on a large scale. Populations expand with production and utility in mind. If production is mismanaged, it will entail hard living for most for many decades and death for those not so lucky.

    The war option is interesting though. Back in WWII, there were other nations with militaries somewhat comparable to the US'. If another WW comes, who will the US fight--everyone? That's about the only

  • @1x93cm

    war that would make sense. Our budget is the size of the 28 largest militaries below us combined! Crises offer the greatest growth for gov'ts historically; so, maybe the US will simply take over certain stragetically valuable countries. The only two forces I can see giving us pause is Russia and China especially.

  • I'm planning on learning Mandarin and moving to either Hong Kong or Singapore like Jim Rogers did. I'm almost done with an Applied Math and Computer Engineering degrees; so I should be of some use to the Asian electronics industry. I'd rather watch the rioting in the streets and burning buildings from a TV thousands of miles away than be in it.

  • @selfrealizedexile good luck but also realize china is going to have its own problems when the US collapses because they're overbuilt in their export market and once the western world can no longer buy cheap chinese stuff - the chinese will have to retool and loose manufacturing- as no other countries are rich enough to buy their stuff, also the chinese have a real estate problem looming on the horizon, but you should be ok in hong kong or singapore

  • @1x93cm

    Well, if buyers shrink, those produced goods will just be consumed by the Chinese and surrounding countries themselves, even if prices naturally come down. The Chinese we're being robbed by the US Dollar anyways and decoupling as Schiff predicts would help them.

    Yeah, gov't might seize US agricultural production and invent make-work schemes--almost identical to what happened in the first Great Depression.

  • @1x93cm china will have small inflation problems but not much. u overestimate their export problem. china is going to depeg their currency and improve the purchasing power of their people. yes exports will suffer but they really dont need to export with 1.3 billion " officially" and some say as high as 1.7 "unofficially". they have 5x the amount of people in u.s; plenty of people to buy and sell to, not to mention 2 trillion in reserves. china will be just fine if they stay on their path

  • @selfrealizedexile Good luck! I'm moving to Korea very soon myself on an investor visa.

    Having spent a lot of time in Asia, I would recommend you move to Singapore over moving to Hong Kong. Singapore is more stable, doesn't have the threat of Chinese government intervention that hangs over Hong Kong and you don't have to learn Chinese as the official language is English and it's more of a melting pot than Hong Kong.

  • @freeandfun1

    But Singapore is an open air prison! Absolutely awful place. I've been there twice and hope never to visit again. Genuine authoritarianism. Culture matters - and weather. Singapore is a hot, humid and oppressive. Caning, corporeal punishments and one of the highest execution rates in the world. It could only be a haven for investors who simply don't care about anything but money. No genuinely civilized person could stand the place.

  • @MarcusCMarcellus I spent nearly three years there and loved it. Quiet for the most part, clean, safe and secure. Hong Kong allows for caning and has a very harsh judicial system. In Hong Kong you also have high crime rates and have to deal with numerous illegals from the mainland of China. I know a lot of civilized people that live in Singapore. Sure, it's a country of laws, but where on earth is not? From your description, I doubt you've actually been there.

  • @MarcusCMarcellus

    If you haven't noticed, all other "genuine civilizations" are teetering on collapse because of meddling in production patterns.

  • @selfrealizedexile

    Fixing interest rates - the cost of money - is the biggest "meddling" ever...

  • @freeandfun1

    I'll take that into account; thanks. I'd consider Australia or NZ but their income tax is bascially comparable to the US'.

  • @HyperBorealOperator

    Honestly, I think they're just going to use the crisis and the dumbfounded sheep to unify the currencies into a global one so the gov'ts can start over and repeat the game again (only this time it'll have even direr ramifications later).

  • If it's somewhat predictable to know what happens to production (where real growth occurs, not commodities--commodities will just allow you to dodge the coming USD collapse, but offer no growth), you can know where to make tidy profits (this'll also hasten, in what way an individual can, the global recovery). So, is this going to be agricultural production because we're going to have millions of Americans with 0 savings and desperately need to eat?

  • What exactly happens to production itself during hyperinflation? The factories are still there, but prices of the common currency become basically unusable. So, does the market violently find another currency or just massively underproduce for a while?

  • @selfrealizedexile

    I think I might be able to answer my own question here: the economy might revert back to barter for a very short time until it converges on some metal (deflated or not, it might not be gold with how much the Fed owns; maybe they'll begin issuing gold as an emergency action). This means obv that transactions will be severely limited and production will become specialized to individuals and not the market. I guess the only thing we can say for certain is gtfo the US.

  • @selfrealizedexile by that time there will be mass chaos as stores are empty and ppl can't afford to heat or cool their houses. Food stamps are modern food lines- I think by that time out of necesseity we'll either have a world war and draft or the FED reserve will dissappear as congress gets real- when they have citizens calling for their head and they'll introduce some sort of greenback or government credit

  • Marc is back. Gimme more, from others the BS is so thick, one is left in chest waders fishing in fallacy for facts.

  • Thank you!

  • "That's what they deserve" in terms of governments.

    That's not very nice. It won't be politicians and leaders who suffer when the country goes bankrupt. It'll be the people. Granted, our pacifism has contributed to our demise.

    I don't agree with his prediction as the next 5-10 years. I don't think we'll make it to the US senate elections this year before things start to go really bad.

  • @LordDyhalto you live in a democracy - you voted for the polticians and their policies and participated in the credit boom by taking out loans, mortgages and credit cards, so you will now get what you deserve.

  • @dikkydoo1 Agreed, exception being the media driven deceit, many chose to swallow. Those for whom we voted parallel the AMA (american medical assoc) as both treat the symptoms, NOT the problem. With an overview of historical references, understand that this is but a repeat engineered as its parent crisis was. We ALL will receive a portion of difficulty.

  • @dikkydoo1

    That's only partially true.

    It's the baby boomers that sucked up what the TV told them and voted for a free lunch. While it would be nice to see them all starve and die in the coming depression, it's unfair for the youth to be tormented by it, especially when many of them are awake now. As it stands now, it's the youth who will suffer and the pensioning boomers will just go "meh".

  • @LordDyhalto that i agree with 100%. do you have any ideas/solutions that woud help these people? regards.

  • @dikkydoo1

    There is no easy solution. We're too far into it. I'm no prophet, but the signs point to the dawn of WW3 in the next 6 months or so.

    Just look after yourself as best you can. Stock up on food for emergencies, grow your own food, buy gold/silver, solar power your house if you have the money, things like that.

    As things get progressively worse, being "better off" then your system-dependant neighbours will give you a stronger voice to wake them up.

  • @LordDyhalto oh,dun worry there's lots of propaganda online as well.

  • @LordDyhalto when is that?

  • @Yamakashi1

    When is what? :o

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