Marc Faber - Hyperinflation Coming - CNBC 06-18-09

[vernontrumpet2000]

the only way this country can get out of the debt plb is for this government to pay the Black man reparations for his 300 years of slavery cause slavery is the way we got this money anyhow, then God will allow wealth to return,debts to cease and the threat of financial collapse to go away. Slavery was a false balance and the scripture says that : "a false balance is an abomination to the lord" and that you reap what you sew

[RoadNasty]

It's Feb 2010- no hyper inflation yet - this CNBC program was aired in June 2009.....

[drmodestoesq]

If there is hyperinflation, how will American's be able to afford to import 15 million barrels of oil a day?

[wanadoeda]

THEY WILL NOT BE ....

[silvergold73]

if we have hyper inflation coming soon and the dollar loses more value, then jobs won't be able to pay a fair amount per hour ( unless min.wage is like $ 1000.00 per hour) to compensate for the rise of goods and services. i am staying with real assets like gold and silver also i think oversea investing would be a good move...

[heymisterderp]

Wages will go up to an extent that they can, to try to offset some of that inflation, but you're right. Wages stand no chance at competing with even a minimalist definition of hyperinflation.

[saper321]

The last thing I worry about is hyperinflation.

Where are the jobs???

That motherfucker should worry about French Revolution type of scenario.

[AM429]

Why don't you care about hyperinflatioN?

[hob976]

...Huh. Breakthrough. Faber knows stuff today that Peter Schiff wrote into A BOOK five years ago... I wonder if he read it.

[DaveC86]

@hob976

Peter Schiff is not the only man who understands the problems of the US economy. Anyone who has read the works of Austrian economists Mises, Hayek, Rothbard etc. has a very clear understanding of inflation and why it's bad.

[hob976]

@DaveC86 No, you make a good point. While I'm peeved that Schiff doesn't get enough credit, his economics are the product of some great Austrian thinkers (his father among them).

So how do you classify Faber...? He's not an Austrian, is he? 

[DaveC86]

@hob976

google 'marc-faber-on-his-austrian-vi­ews' you can read some interview excerpts where he indicates that he has at least read and understood Austrian Business Cycle Theory / economics. I'm not sure if he calls himself an Austrian or not... but he quotes guys like F.A Hayek so...

[JohnGaltSpeaking1981]

This is what happens when the Fed prints money out of thin air. All the more reason to support HR1207 - Get educated, Take a stand!

[lsa420]

Damn straight.

[animaluc]

thank you for posting. i seen it and could only wish i could afford a pc to record and edit for upload. i told my myspace friends someone would upload this. good job!

[tyronebiggums3]

Interesting. I don't think the story here is what Faber is saying; I think the story is that CN"BS" is allowing him to say it.

Time to start preparing the sheople??

[julianscottsounds]

Faber says whatever he wants....just look at his track record. Calling Benanke and mad man, comparing him to a financial hitler.....etc. etc. He calls it like he see's it on CNBC and anywhere else.

[unworldlything]

but he never says Fed is a private corp. he thinks it is government.

[lsa420]

The Fed is the worst of all government entities and was Created by Congress in 1913 under the Federal Reserve Act. It is very much government, though it's true nature is often misinterpreted because of the Fed's status as a private bank.

And don't forget, they have a total monopoly of money and short term interest rates. This can only happen as a result of government. It would never be allowed in a free market. Faber knows exactly what's up.

[unworldlything]

:) fed is private. you can say what you want... :)

[unworldlything]

5-10 years? holy shit! I expacted hyperinflation much earlier......

[sysopkc]

I think he is understating it for a "moderate" image appearance. In contrast to alot of the other gloom and doomers, such as Peter Schiff, or Celente. Not that they are wrong, I just feel Faber is reaching out to a more mainstream platform and realizes he must spoon feed in moderation, he practically said as much in the Vancouver interview. Ive been watching his feeds for about 2 years.