Pause at 3:46 and see a quote by a very famous banker!
Also the quote from Krugman at 3:50 is a luagh considering his 2002 quote
"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
@Suppabad82 A Taiwanese named Steve Chen founded Youtube. Marc didn't post this in Youtube, the Mises Institute did. And Marc doesn't hate Americans--he hates Bernanke and the Keynesians.
Mr. Faber and Peter Schiff are two people alive today that understand the economy better than almost anyone else in the world. I would add Jesus Huerta de Soto, John Williams, to a large but not complete degree Gerald Celente.
I would also include all of those people at the von Mises Institute and the people at GoldMoney - I do not know them all, but they deserve tremendous credit and recogniton.
if you bought a house in 2008 in Pattaya Thailand, now you will be crying deeply. The man doesnt know what he is talking about. In Asia generally you cannot buy land, cannot invest safely etc. I start to think that he is speaking nonsense
He has never recommends property as an investment. And property in Thailand are a pretty terrible investment. There is too much construction of new houses for them to gain much value. I have not heard him suggesting you can buy land in Thailand either.
He suggests Asian currencies and stocks, along with gold.
He has never recommends property as an investment. And property in Thailand are a pretty terrible investment. There is too much construction of new houses for them to gain much value. I have not heard him suggesting you can buy land in Thailand either.
He suggests Asian currencies and stocks, along with gold.
@Suppabad82 Actually I hate to piss in your Calgon but the technology for YouTube videos was invented by the Chinese, not by Americans. The entrepreneurial spirit of America has been wrung out of it by big corporations and chain stores. The only inventors and innovators are the ones that are already huge, like Apple.
Good lecture by an ex-pat probable Thailand pedo, but I already knew a lot of the points he brought up. He'd probably be wild to party with in Bangkok.
The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - to know more about it, watch: "Awakening 1/4" (short video) and "Zeitgeist Addendum". Both of them are on YouTube.The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.
@fuzzywzhe yes it is the greatest theft in history. They think when it all comes down that they will have a NWO with the US having a majority say in it,and a new world currency, but guranteed china and Russia will do a deal and cut them out. It's going to be the biggest crash the world has ever seen, I cannot believe people have not bid the price of gold to the moon already. The Chinese and the Russians are not going to continue to be ruled by the USA not after this.
@harrybath It is my opinion that the parasites have just killed the host. Honestly, I don't think this is entirely intentional, I think it's just a smash and grab from our politicians and our monetary leaders.
I don't think the people that ran the USSR intended to destroy the USSR. Just the same, I don't think the people running the USA intend to destroy it, but they will.
@fuzzywzhe yeah could be, the point I am making is that even if it is not intentional they are wishing for a NWO to save the day and just wipe away all of their debts. It won't happen. Interesting point you made about the USSR as I have been saying lately that is probably the closest comparison, but much much worse. They won't get a NWO, I wouldn't be suprised if it goes the other way and the USA splits into pieces again.
@fuzzywzhe Although wether it is intentional or not, A New World Order, with a New world currency is the ultimate bailout. Of course they want it ! They are the bankrupt debtors who are about to loose their super power status in the world. Why on earth would russia and China want to be a part of it ? doesn't make any sense they are sick of washington telling everyone what to do
@fuzzywzhe yes the truth is they may not be able to avoid a gold standard. I can only imagine that once the worst happens people will listen to the people who predicted this mess, People like Faber. They will then see what caused the crisis structure monitary policies accordingly. Who knows it might come in the event of a revolution in the US or China. I can only imagine people like Ron Paul are going to gain traction as this deepens. Your thoughts?
@harrybath "I can only imagine that once the worst happens people will listen to the people who predicted this mess, People like Faber."
Scott Ritter was the former UN weapons inspector for Iraq who was a lifelong Republican and an ex American marine who said before the Iraq war that Bush was lying.
Ever heard of him?
Similarly, nobody will know who Faber is in 10 years, they'll just know the results, maybe. Fiat currency depends on ignorance, and people have an unlimited amount of that.
@fuzzywzhe yes I think I have heard of Scott Ritter, isn't he ex CIA intel , goes around these days lecturing people on the concequences of a pre-emptive strike on Iran ?
Stupid, lazy uneducated fucks. Let them starve in the streets. Let them go into insolvency. Let them be hungry. Too lazy to know what is going on? Then you're not fit to survive what's coming up.
To have a democracy you need a well informed electorate. Well, the electorate doesn't want to be informed, so they allowed democracy to fail. Fuck them.
@fuzzywzhe yes I said I get your point. But it doesn't help that Rockerfella founded the Board of education in 1904 and decided what would be taught in schools. Interesting that he left financial education off the list. I think that even if people are educated, what are they going to do, take the system over by force? they prob feel like they can't do anything, vote for republican's is the same as voting democrat they are all puppets to the same people
@harrybath "yes I said I get your point. But it doesn't help that Rockerfella founded the Board of education in 1904 "
Oh please.
You can research ANYTHING you want with the device sitting in front of you right now. Anybody can. Over 90% of the US population now accesses the Internet.
People are lazy and stupid, and they deserve to be enslaved for being lazy and stupid. They've allowed it to happen, why should I be trying to save the cows and sheep from farmer government?
@harrybath Politicians are nothing but cheap door to door salesmen who say what it takes to get elected. Anyone who lets the American people off the hook for primary responsibility for what is happening to their country is lying to themselves. Psycho-analyzing, the problem with homo sapiens is that he is ruled by emotion, and he tends to believe things are true that 1) he understands 2) fits with his emotional biases. Only libertarians are rational. And there are very few of us.
The federal reserve is duping everyone. If people can go to the moon and mars and master molecules the can prevent economic calamities. IF they happen its because they allow them to happen WAKE UP emilies and babis's....the credit expansion was a criminal act and done for the sole purpose of robing everyone.
Wow... 111 177 views... We are on a good path, my friends. Greetings from Poland. We are doing our best to show people here rational economics. 2.5 % in elections at the moment, but within 10 years we are in parliament!
@n66178 - I am ignorant and do not understand, so if we did not have central banks, how would it work and who would issue our money? The Government? Thanks.
@Lingerfoot No, the best money would be arise out of the aggregated free transactions of free people; it would not be foisted upon the people behind the barrel of a gun by governments or central banks.
Faber's underlying message is that 'you simply do not need governments in markets'. Governments should provide defence and law and order and leave the rest to 'people'. When governments understand that simple fact then wars will end and stuff will get a whole lot cheaper. Faber is the voice of truth which politicians can never hear and don't want to anyway.
he's so insightful, no government could possibly listen to him. He needs to be a statist cheerleader, then he can win awards and the ear of "world leaders".
what interests me is the level of interest in this video. Usually when you look at Marc Faber videos there are only a few thousand viewers at best, could this herald a Marc Faber bubble - let's hope so cos he's the only one with a sound economic education that along with Jim Rogers is talking any sense!
goddammit, just tell me what to buy Marc. GLD? SLV? I tried those, then they went down, so I sold, but right after they went back up. The market tricked me again!
No, you should not buy GLD and SLV. When you buy those you don't get real gold or real silver, only paper assets that are not backed by physical goods. GLD and SLV, along with many other ETFs will inevitably default. Instead, buy physical gold/silver or gold/silver stocks.
@Omena If you wanna invest a lot of money in silver it is difficult to store a lot of silver so I would say yes it is alright to buy slv or sivr. They do back those etf's with bullion.
@obrieny2k as a daytrader/swingtrader i tell you this unlike what the gold dug says it's a tradable commodity by which i also mean papertrading. But historically speaking Precious metals are preserving assets. And the way you would know a bubble in anything is forming is when everyone is in it, everyone is giddy about it, everyone on cnbc, yahoo techticker jumps on gold and says it's going up , that's the time ti ditch an asset including gold.
This comment has received too many negative votesshow
That's right. It's doom for the likes of Marc Faber and other gentlemen with fat purses. It's Revolution for us, Workers of the World! Mr. Faber will swallow his tongue before he says the 'R' word. Ha-ha-ha!
Great n funny guy!!! I have been following him for last three months and have gained a lot of knowledge about Macroeconomics and the world. His analysis and his way of predicting events have also helped me in investing and valuing the countries.
I think it's great that people like Faber are associated with the Mises Institute. They should make people aware of the terrific stuff which is given away for free on mises.org.
Maybe you can get Rogers for the next Mises Circle?
I like Marc Faber but he and the other inflationists seem like they are trying to to buttress the crumbling walls of the inflationist argument. I am seeing more evidence for deflation than inflation now. Following another big deflationary cycle we should see big inflation then.
If you mean a drop in prices, yes that could occur, but the money SUPPLY is still being inflated by the fabrication of money for all these bailouts.
.
And, as you say, once all this new currency hits the street, there is going to be a substantial increase in prices, maybe to the destruction of the dollar/euro.
@selvercelli Why would anyone invest in the united states? Where in us indices?! And no, i guarantee you that you would not pay more for american goods.....you know that just as well as i do. American companies have to outsource in order to compete. Just look at the american auto industry for example......what have the unions done beneficial for the economy? nothing they ruined an industry bc the workers needed to live the "american dream"....
Then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against ‘real’ goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange.
@Mayomatty he said that fed cut interest rates so oil went up to 147 dollars a barrel by speculation. Hasn't rates still low now, so what happened to oil?
I would argue you should speak to your critics, not your fan. Test your strength, not your ego. Talking to those people is a waste of time. Talk to people who DONT share your view, thus the point of sharing the view, even if it is on deaf ears.
He said at around 23:00 that bubbles can occur under sound money. That has to be incorrect. Sound money would not allow one to manipulate interest rates. There then cannot be bubbles. Finding a huge deposit of gold may create inflation, but it does not lead to misallocation of resources, which is what characterizes a bubble.
@82abhilash This is because gold money is not (almost) free money. You need to spend on mining, pay workers, give them living space, places to shop, etc., before you can set up the mining operation. The gold money gives a proper signal to the market that a new reserve of commodity money has been found. And since it takes resources to extract it, it does not give an unfair advantage to the miners or help them to monopolise resources the way the printing press does to the central bank.
@82abhilash While you are correct that a commodity standard is much more stable, it is educational to note that it HAS HAPPENED.
.
Spain. The inflationary boom of all that plundered wealth of central and south America was very real. One of the mal-investments was the Spanish Armada itself.
.
And the bust, when it came, turned Spain into a 3rd world backwater for 300 years. They still haven't recovered.
@CurtHowland Couple of things to notice. Gold in Spain was fiat currency, not money that emerged from exchange process. If gold was non-fiat, people would have simply switched to a different exchange token when the advantage of this one ceased. Second point. It was all stolen gold. Gold properly obtained is generally resource intensive, which is one reason why it is a favorite token of exchange. Stolen because there was a fiat system that accepted it in any circumstance.
@CurtHowland I get your point. Unless stated otherwise, I base my argument on the presumption that gold is sound money. Where that rule of thumb does not apply, commodity money can cause bubbles.
@82abhilash "I base my argument on the presumption that gold is sound money."
.
Oh heck yeah! I couldn't agree more. When one has to dig through history to find one example of "good money gone bad", as opposed to the endless disasters caused by fiat currency, it becomes merely an academic exercise.
@CurtHowland I think the case with Spain was gold being the fiat money. That is how good money can go bad. Here is another way a commodity money can go bad. When the government fixes the exchange rate between two commodity monies like gold and silver instead of letting it exchange freely.
@82abhilash If you find a large deposit of gold then the money supply will expand. The new gold/money will be spent into certain parts of the economy. The new money will enter the economy in an uneven way and will cause malinvestment and potentially a bubble. However, the bubble will be short-lived because there isn't an unlimited source of new money like there is from the central banks.
@ecnerwal999 It is not a bubble, just because the money is spent in an uneven way. The money is spent unevenly but there is a real reason for that, there are real needs being addressed. It is not like a false signal created by a central bank, where false impressions of people's need are being fed through the monetary system. Malinvestment can come only from such false impressions.
@82abhilash If the money is spent unevenly it will cause higher growth rates in a certain part of the economy. This leads people to invest more in that part of the economy even though it shouldn't really be rising faster. Let's say a bunch of new gold enters the market and most of it is invested in real estate(uneven spending). The price of the real estate will rise(faster than everything else). This will cause more people to buy real estate to profit which eventually results in a bubble.
@ecnerwal999 It shouldn't be really rising? Are you sure? There is all this mining operations. Towns are needed to support them. Infrastructure is needed to support those towns. There is a sudden demand for things that are not usually in high demand and for a good reason. It is the rising prices that indicate it. It is not a bubble. It is a sign that the price system is working.
@82abhilash Yes the prices of whatever the miners buy should go up but the key thing to remember is that there is extra gold/money entering the economy. If the miners were producing iron they would need all the same supplies. The price system would function as you mentioned. Now when it is gold you are mining for extra gold bids up prices further. This confuses the price system= malinvestments.
@ecnerwal999 It does not 'confuse' the price system. Rather it informs it that more gold is in fact being mined and is entering the money supply thus. And mining gold is expensive. So it is not a free way of monopolizing resources the way paper is. It is paper that confuses the pricing system. With paper you do not know, if it is simply fresh paper backing the old gold or fresh paper backing new gold.
@82abhilash It doesn't make a difference whether gold is expensive to mine or not. What makes gold unique is that it is difficult to find/mine and difficult to add more into the economy, so we get stable money. I think we fundamentally disagree. My argument is that prices have to rise to adjust for the decreasing value of gold(because gold is found). This rise causes malinvestment because there is overproduction/overinvestment in it, which causes bubble-like phenomena as prices spiral upward.
@ecnerwal999 You said "this rise causes malinvestment because there is overproduction/overinvestment in it". Actually there isn't. There is investment in gold mines and production of gold. It is a price rise from proper investment and production, not over-investment or over-production. If there is too much gold chasing too few goods, people will switch to a different medium of exchange. This knowledge will keep the miners from over-producing. The market gives signals to gold miners too.
@ecnerwal999 I think I have gotten to the root of our disagreement. You see any situation that leads to a greater than average number of malinvestments as a bubble. I see the same situation as a bubble only if those malinvestments where the result of false price signals.
In the case of the gold mine, there is a simple explanation. More gold affords for more entrepreneurial activity, so if there are more people in the game, there will be more losers too. There is no false signal that causes it.
This man is the Einstein of Economics (Mises is Newton)
slimininin 1 month ago
This has been flagged as spam show
Pause at 3:46 and see a quote by a very famous banker!
Also the quote from Krugman at 3:50 is a luagh considering his 2002 quote
"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
Paul Krugman -- NY Times Aug 2002
NicosMind 1 month ago
GLOOM ... DOOOM .... i THINK NOT! However .. B very AWARE .... if U choose the DARK side BE PREPARED 2 PAY for that choice ....
UniversalAngel13 3 months ago
@Suppabad82 A Taiwanese named Steve Chen founded Youtube. Marc didn't post this in Youtube, the Mises Institute did. And Marc doesn't hate Americans--he hates Bernanke and the Keynesians.
duke1duke1 5 months ago
Legend
jpkm123 7 months ago
Mr. Faber and Peter Schiff are two people alive today that understand the economy better than almost anyone else in the world. I would add Jesus Huerta de Soto, John Williams, to a large but not complete degree Gerald Celente.
I would also include all of those people at the von Mises Institute and the people at GoldMoney - I do not know them all, but they deserve tremendous credit and recogniton.
The Austrians have it right on the economy.
chess856 7 months ago
@chess856 Jim Rogers as well is a genius, also Ron Paul, Thomas Woods and Alex Jones
JJaouli1 7 months ago
Let me just sum everything up. ..... Goldman sachs, margin trapped EVERYONE...hahahahahahhha....hand over your shirts please.
AntiPsychopath 10 months ago
Foreign Policy bankrupcy
Search For
"BUSH OBAMA DESTROYED US ARMY"
eliasmouawad 11 months ago
if you bought a house in 2008 in Pattaya Thailand, now you will be crying deeply. The man doesnt know what he is talking about. In Asia generally you cannot buy land, cannot invest safely etc. I start to think that he is speaking nonsense
bookskamaki 1 year ago
@bookskamaki
He has never recommends property as an investment. And property in Thailand are a pretty terrible investment. There is too much construction of new houses for them to gain much value. I have not heard him suggesting you can buy land in Thailand either.
He suggests Asian currencies and stocks, along with gold.
KtarzanOB 11 months ago
@KtarzanOB , you are right my friend. you seem very informed. What are your resources of knowledge about investing? Did you made a lot of money?How?
bookskamaki 11 months ago
@bookskamaki
I'm well informed on the Thailand property market. Mark Faber, Peter Schiff. No I have not made a lot of money.
KtarzanOB 11 months ago
This has been flagged as spam show
@bookskamaki
He has never recommends property as an investment. And property in Thailand are a pretty terrible investment. There is too much construction of new houses for them to gain much value. I have not heard him suggesting you can buy land in Thailand either.
He suggests Asian currencies and stocks, along with gold.
KtarzanOB 11 months ago
Who doesn't just love listening to Dr. Faber speak ! he's soothing to listen to !
lynnybee888 1 year ago
Marc Faber is one of the few PhDs I respect.
nsav8 1 year ago 12
Love ya Marc!
ohiovr 1 year ago
US economy is a big Ponzi scheme. If interest rates go up 1%, everything the FED owns is underwater.
b2ferrara 1 year ago
Mr. Faber really knows his stuff. I would so like him to be wrong.
Maiyanna 1 year ago
@Suppabad82 Actually I hate to piss in your Calgon but the technology for YouTube videos was invented by the Chinese, not by Americans. The entrepreneurial spirit of America has been wrung out of it by big corporations and chain stores. The only inventors and innovators are the ones that are already huge, like Apple.
Good lecture by an ex-pat probable Thailand pedo, but I already knew a lot of the points he brought up. He'd probably be wild to party with in Bangkok.
Sentinel4truth 1 year ago
Godamn that Faber is Goooood!
YouriCarma 1 year ago
Search For the series
"BUSH OBAMA DESTROYED US ARMY"
Part 4 uploaded
eliasmouawad 1 year ago
Faber is the man!
truthislibertyus 1 year ago
The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - to know more about it, watch: "Awakening 1/4" (short video) and "Zeitgeist Addendum". Both of them are on YouTube.The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.
the zeitgeist movement dot com
:)
FS
FactualSolutions 1 year ago
Sehr interessant - unbedingt ansehen.
LupusCamp 1 year ago
We're fucked.
StuPedassle711 1 year ago 11
We're all doomed!
Great stuff. Austrian economics forever!
wibblywobbly1234 1 year ago
Marc Faber is great ! such an entertaining man and good with people, as well as being an economic genius !
harrybath 1 year ago
@harrybath Faber isn't an economic genius. He's just not an economic idiot.
Only economic idiots are presented as experts on television and mainstream print media.
What you are seeing is the greatest theft in history, and our propaganda machine is a major force in making it happen.
fuzzywzhe 1 year ago
@fuzzywzhe yes it is the greatest theft in history. They think when it all comes down that they will have a NWO with the US having a majority say in it,and a new world currency, but guranteed china and Russia will do a deal and cut them out. It's going to be the biggest crash the world has ever seen, I cannot believe people have not bid the price of gold to the moon already. The Chinese and the Russians are not going to continue to be ruled by the USA not after this.
harrybath 1 year ago
@harrybath It is my opinion that the parasites have just killed the host. Honestly, I don't think this is entirely intentional, I think it's just a smash and grab from our politicians and our monetary leaders.
I don't think the people that ran the USSR intended to destroy the USSR. Just the same, I don't think the people running the USA intend to destroy it, but they will.
fuzzywzhe 1 year ago
@fuzzywzhe yeah could be, the point I am making is that even if it is not intentional they are wishing for a NWO to save the day and just wipe away all of their debts. It won't happen. Interesting point you made about the USSR as I have been saying lately that is probably the closest comparison, but much much worse. They won't get a NWO, I wouldn't be suprised if it goes the other way and the USA splits into pieces again.
harrybath 1 year ago
@fuzzywzhe Although wether it is intentional or not, A New World Order, with a New world currency is the ultimate bailout. Of course they want it ! They are the bankrupt debtors who are about to loose their super power status in the world. Why on earth would russia and China want to be a part of it ? doesn't make any sense they are sick of washington telling everyone what to do
harrybath 1 year ago
@harrybath But don't you realize, we already have a world reserve currency.
It's called the US dollar.
The reason the US dollar is the world's reserve currency is that it was the last currency that was directly convertible to gold at $35 an ounce.
The issues are complex but what is pretty straight forward is that every fiat currency has failed, and the US dollar will as well.
fuzzywzhe 1 year ago
@fuzzywzhe What do you think will take the place of the USD ? I am thinking Gold will again be the reserve currency, at a price of god knows what ?
All currencies will again be tied to gold ?
harrybath 1 year ago
@harrybath The Renminbi could replace the dollar, or the Rubble, or a group of currencies or gold.
Gold doesn't allow governments to steal from their populace so easily so I think most governments will try to avoid it, but they may not be able to.
fuzzywzhe 1 year ago
@fuzzywzhe yes the truth is they may not be able to avoid a gold standard. I can only imagine that once the worst happens people will listen to the people who predicted this mess, People like Faber. They will then see what caused the crisis structure monitary policies accordingly. Who knows it might come in the event of a revolution in the US or China. I can only imagine people like Ron Paul are going to gain traction as this deepens. Your thoughts?
harrybath 1 year ago
@harrybath "I can only imagine that once the worst happens people will listen to the people who predicted this mess, People like Faber."
Scott Ritter was the former UN weapons inspector for Iraq who was a lifelong Republican and an ex American marine who said before the Iraq war that Bush was lying.
Ever heard of him?
Similarly, nobody will know who Faber is in 10 years, they'll just know the results, maybe. Fiat currency depends on ignorance, and people have an unlimited amount of that.
fuzzywzhe 1 year ago
@fuzzywzhe yes I think I have heard of Scott Ritter, isn't he ex CIA intel , goes around these days lecturing people on the concequences of a pre-emptive strike on Iran ?
But I get your point
harrybath 1 year ago
@harrybath My point, is fuck Americans.
Fuck them.
Stupid, lazy uneducated fucks. Let them starve in the streets. Let them go into insolvency. Let them be hungry. Too lazy to know what is going on? Then you're not fit to survive what's coming up.
To have a democracy you need a well informed electorate. Well, the electorate doesn't want to be informed, so they allowed democracy to fail. Fuck them.
fuzzywzhe 1 year ago
@fuzzywzhe yes I said I get your point. But it doesn't help that Rockerfella founded the Board of education in 1904 and decided what would be taught in schools. Interesting that he left financial education off the list. I think that even if people are educated, what are they going to do, take the system over by force? they prob feel like they can't do anything, vote for republican's is the same as voting democrat they are all puppets to the same people
harrybath 1 year ago
@harrybath "yes I said I get your point. But it doesn't help that Rockerfella founded the Board of education in 1904 "
Oh please.
You can research ANYTHING you want with the device sitting in front of you right now. Anybody can. Over 90% of the US population now accesses the Internet.
People are lazy and stupid, and they deserve to be enslaved for being lazy and stupid. They've allowed it to happen, why should I be trying to save the cows and sheep from farmer government?
fuzzywzhe 1 year ago
@harrybath Politicians are nothing but cheap door to door salesmen who say what it takes to get elected. Anyone who lets the American people off the hook for primary responsibility for what is happening to their country is lying to themselves. Psycho-analyzing, the problem with homo sapiens is that he is ruled by emotion, and he tends to believe things are true that 1) he understands 2) fits with his emotional biases. Only libertarians are rational. And there are very few of us.
edthehead1975 1 year ago
great overview on some very important historical trends and relevant statistics to think about for the decade ahead. essential viewing.
MattyS54 1 year ago
Search For the series
"BUSH OBAMA DESTROYED US ARMY"
Part 3 uploaded
eliasmouawad 1 year ago
@ronheri ...and Chris Martenson
DoubleSmoothie 1 year ago
@ronheri don't forget Bob Chapman
DoubleSmoothie 1 year ago
Only 2 dislikes? Looks like Geithner and Bernanke don't like this video. LOL- you rats are found out!
abe2517 1 year ago 4
Why are these events not recorded/uploaded in HD? We are in the year 2010 for crying out loud. Keep up with the times!
TheBrotherMouzone 1 year ago
The federal reserve is duping everyone. If people can go to the moon and mars and master molecules the can prevent economic calamities. IF they happen its because they allow them to happen WAKE UP emilies and babis's....the credit expansion was a criminal act and done for the sole purpose of robing everyone.
AntiPsychopath 1 year ago
Informative video! But the guy at the beginning smacks his lips annoyingly.
cloudsifter11 1 year ago
i love his accent.
msquestionmark 1 year ago
Wow... 111 177 views... We are on a good path, my friends. Greetings from Poland. We are doing our best to show people here rational economics. 2.5 % in elections at the moment, but within 10 years we are in parliament!
GLADish85 1 year ago 4
This is wonderful! Definitely the best video I have watched from the Mises Institute.
AlexanderLee1 1 year ago
@AlexanderLee1 Have you also seen other videos from the Mises Institute?
cloudsifter11 1 year ago
fucking sweet ponytail
savemyplaylist 1 year ago 28
see ya in pattaya, marc! how's cm?
timbee71 1 year ago
The two guys who gave this video a thumbs down are probably literally retarded.
luomio 1 year ago 7
If you're particulary interested on peak cheap oil, check from 0:48:00
IOIOIOIOIOIOIOIOIOIO 1 year ago
why do we need central banks again?
n66178 1 year ago 2
@n66178 - I am ignorant and do not understand, so if we did not have central banks, how would it work and who would issue our money? The Government? Thanks.
Lingerfoot 1 year ago
@Lingerfoot No, the best money would be arise out of the aggregated free transactions of free people; it would not be foisted upon the people behind the barrel of a gun by governments or central banks.
n66178 1 year ago
Faber's underlying message is that 'you simply do not need governments in markets'. Governments should provide defence and law and order and leave the rest to 'people'. When governments understand that simple fact then wars will end and stuff will get a whole lot cheaper. Faber is the voice of truth which politicians can never hear and don't want to anyway.
bankybutts 1 year ago
@bankybutts Government should not be in the defense and law markets either.
digitallando 1 year ago
marc faber! great ideas as always :-)
jarogru 1 year ago
he's so insightful, no government could possibly listen to him. He needs to be a statist cheerleader, then he can win awards and the ear of "world leaders".
MasLogam 1 year ago
what interests me is the level of interest in this video. Usually when you look at Marc Faber videos there are only a few thousand viewers at best, could this herald a Marc Faber bubble - let's hope so cos he's the only one with a sound economic education that along with Jim Rogers is talking any sense!
theshagster36 1 year ago
We need to End the Fed Now and get the crooks out of control. Watch my music video on my youtube page Dontcha Know.
Deeman2323 1 year ago
Marc Faber "gets it." 99.99999% of other people don't. And that's why we're doomed.
Juvebeck10 1 year ago 5
He chose to work in Asia because he liked the whores, that's what makes EMs so much fun.
ludosophist 1 year ago
Wow, 70,000 views, nearly 500 ratings and only 1 dislike...I can smell you Geithner.
TenTonHorse 1 year ago 72
@TenTonHorse There are two now, Bernanke must have found the vid.
StuPedassle711 1 year ago
@StuPedassle711 Ha, Greenspan is probably too senile now to make it three.
TenTonHorse 1 year ago
@TenTonHorse HA HA HA HA HA! There is no economic recovery. It's just another lie.
StuPedassle711 1 year ago
This has been flagged as spam show
Helicopter Ben I know you also dislike it too.... just admit it.
whitecant0 1 year ago
@TenTonHorse there's 3 dislikes now - probably bernanke and krugman :D
empressjulz 1 year ago 3
@TenTonHorse I smell a rat :)
twistedbydsign99 1 year ago
Gotta love getting stabbed in the back by your own government.
lordcrull 1 year ago
what a complete legend marc faber is
sony8877 1 year ago
Sehr gutes Video - unbedingt ansehen!
LupusCamp 1 year ago
goddammit, just tell me what to buy Marc. GLD? SLV? I tried those, then they went down, so I sold, but right after they went back up. The market tricked me again!
fluff125 1 year ago
@fluff125
No, you should not buy GLD and SLV. When you buy those you don't get real gold or real silver, only paper assets that are not backed by physical goods. GLD and SLV, along with many other ETFs will inevitably default. Instead, buy physical gold/silver or gold/silver stocks.
Omena 1 year ago
@Omena If you wanna invest a lot of money in silver it is difficult to store a lot of silver so I would say yes it is alright to buy slv or sivr. They do back those etf's with bullion.
luomio 1 year ago
$1,510.00 for the U.S Mints 1oz gold Buffalo...Is gold in a bubble???
obrieny2k 1 year ago
@obrieny2k as a daytrader/swingtrader i tell you this unlike what the gold dug says it's a tradable commodity by which i also mean papertrading. But historically speaking Precious metals are preserving assets. And the way you would know a bubble in anything is forming is when everyone is in it, everyone is giddy about it, everyone on cnbc, yahoo techticker jumps on gold and says it's going up , that's the time ti ditch an asset including gold.
sarjil 1 year ago
@obrieny2k - Is silver in a bubble? Peace.
Lingerfoot 1 year ago
@Lingerfoot sure silver is in a bubble, but not as big a bubble as cash, Id rather be in silver than in paper
harrybath 1 year ago
@harrybath at least you don't get inflation with a silver bubble :p
kardentyrell 1 year ago
Love Marc Faber's hair and accent.
B2HeavyBomber 1 year ago
Marc Faber just dropped a bomb of knowledge!
LibertySole 1 year ago 7
This comment has received too many negative votes show
That's right. It's doom for the likes of Marc Faber and other gentlemen with fat purses. It's Revolution for us, Workers of the World! Mr. Faber will swallow his tongue before he says the 'R' word. Ha-ha-ha!
0XxXxOrAnGeXxXx0 1 year ago
@0XxXxOrAnGeXxXx0 You're an idiot. Communism failed, let's move on please.
PeterOfTheCosmos 1 year ago 3
Comment removed
PeterOfTheCosmos 1 year ago
slides are available if you search "Microsoft PowerPoint - CFA Seattle May 5"
nyc863 1 year ago
@nyc863 PowerPoint? That's funny.
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I guess they have money to throw away. OpenOffice doesn't cost anything.
CurtHowland 1 year ago
@CurtHowland Well if you use google, to search for that title, it is available as a PDF.
nyc863 1 year ago
Awesome. As Faber says 'now we need a machine gun!"
SvrchovaneCechy 1 year ago
great advice
Dragon888888888 1 year ago
"They will print and print and print and print!" Yup.
mooseythejuiceman 1 year ago 3
Great n funny guy!!! I have been following him for last three months and have gained a lot of knowledge about Macroeconomics and the world. His analysis and his way of predicting events have also helped me in investing and valuing the countries.
riteshkhurana 1 year ago
I think it's great that people like Faber are associated with the Mises Institute. They should make people aware of the terrific stuff which is given away for free on mises.org.
Maybe you can get Rogers for the next Mises Circle?
mario1337 1 year ago 6
Great piece, thank you guys!
TransfixedBunnies 1 year ago
Wow...I don't ever think I've seen over 35,000 views for an hour long video on you tube.
SuperJoeAnonymous 1 year ago
Marc, along with Peter Schiff, Ton Woods, and Jim Rogers are the men topay attention to...they are honest men.
ronheri 1 year ago 44
@ronheri lol
nedbeaty72 1 year ago
@ronheri
marc at least is a decent economist, although his solutions are somewhat misguided.
peter schiff is nothing but a hacka and snake oil salesman.
tom woods is better but not much better.
jim rogers is over the hill and half-senile - he may have been a hedge fund pioneer but is now 20 years behind the trend line.
TheRedCapitalist 1 year ago
@TheRedCapitalist What qualifies you to make such statements about these people? What is your track record?
emichik86 1 year ago
@emichik86
and what qualifies you to ask me such personal questions?
TheRedCapitalist 1 year ago
@emichik86 That's what I thought. Please no more unsupported claims. They make you look like a fool.
emichik86 1 year ago
@ronheri Its Tom* Woods, and don't forget Ron Paul and Rand Paul.
karkelkhan 1 year ago
@ronheri ..... I would add Gerald Celente and Hugh Hendry to the list too.
1cherrylane 1 year ago
@1cherrylane what about George soros?
jayangli 1 year ago
@jayangli .... sure. :)
1cherrylane 1 year ago
@ronheri Peter Schiff has mutual funds that you can buy now!!
lsa420 1 year ago
@ronheri Gerald Celente and Chapman are fairly ok too. Schiff and Faber are my favourites though.
delyshBB 1 year ago
Hair is too awesome for words. I think my head just exploded.
fluff125 1 year ago
@fluff125 Krugman's hair's much easier on the eyes. LOL
overseachininadoll 1 year ago
I like Marc Faber but he and the other inflationists seem like they are trying to to buttress the crumbling walls of the inflationist argument. I am seeing more evidence for deflation than inflation now. Following another big deflationary cycle we should see big inflation then.
TheBullBearReport 1 year ago
@TheBullBearReport The problem being the definition if "inflation".
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If you mean a drop in prices, yes that could occur, but the money SUPPLY is still being inflated by the fabrication of money for all these bailouts.
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And, as you say, once all this new currency hits the street, there is going to be a substantial increase in prices, maybe to the destruction of the dollar/euro.
CurtHowland 1 year ago
Genuis.
buffett1000 1 year ago
How Did I Paul Krugman Get It So Wrong? HAHAHAHA
bajoverga 1 year ago
@silvercelli Ditto. This is where they are leading us...out of the USA.
principles101 1 year ago
This is the highest viewed of Marc Faber video I have ever seen. nice
yushaos 1 year ago 5
@selvercelli Why would anyone invest in the united states? Where in us indices?! And no, i guarantee you that you would not pay more for american goods.....you know that just as well as i do. American companies have to outsource in order to compete. Just look at the american auto industry for example......what have the unions done beneficial for the economy? nothing they ruined an industry bc the workers needed to live the "american dream"....
busajasweyoo 1 year ago
DOOM is the end to us all cuz u'll never know when ur gonna die unless u got the terminal illness. The question is - WHEN IS THIS DOOMDOM COMING?-
Do you have a time table?
overseachininadoll 1 year ago
Check out "Made in the USA" book by Barr McClellan, solution is with American consumers, we can rebalance this thing.
TajiTJ 1 year ago
@TajiTJ
American consumers aren't a solution to anything. They aren't anything. They're tapped, done, about as useful as belly lint.
We have to make stuff and sell them to people who also produce things, like the Chinese!
sanarkhos 1 year ago
@sanarkhos The American consumer is a headless chicken and a parasite to the planet.
apelove4u 1 year ago
@silvercelli Totally agree we should re-invest in ourselves.
kydilan 1 year ago
Thank you for this video. You are educating the "masses".
johnlen3 1 year ago 4
@silvercelli support local mom & pop businesses.
Boycott all monopolies! THROW OUT YOUR CREDIT CARDS
Barter more. Everyone has things they don't want.
a2zhandi 1 year ago 2
@a2zhandi all of the above & If you cant pay taxes...dont.
jsmythib 1 year ago
Thanks for posting this!
Faber is one our current prophets, nothing less.
Blessings to all.
LOLcopter333 1 year ago 4
hehe figured it out! Pattaya
fearequalsnotfree 1 year ago
@fearequalsnotfree
LOL! Faber likes Walking Street!
eatandtravel 1 year ago
@ 2:05 what city is he talking about? Petia??
fearequalsnotfree 1 year ago
Shweet! Print screened the last 3 slides, awesome presentation.
VegasRage 1 year ago
The main topic should read after AIG what do we do with Armed America ???
texture6 1 year ago
I love the misesmedia channel. Thanks for your speedy post of this terrific presentation.
hummarstra 1 year ago 2
Then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against ‘real’ goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange.
I had my crack-up boom. :)
davincij15 1 year ago
thx for this vid...i think it´s a must see for all the people who want to know what´s going on with our financial system. on day we all get busted
S51Scratchy 1 year ago
Faber is wonderful to listen to.
PresidentRich 1 year ago
What a STAR Faber is.
NowisEvollovetion 1 year ago 2
start spending you bastards!
worldgoingtozero 1 year ago 4
Doug French should improve his public speaking imo. Too many um's, slowness, and he's looking down to much.
hellevonequities 1 year ago
the master at work. Faber is a god
malumalumalu 1 year ago
he is the only guy who can tell a room full of people they are doomed and recieve a standing ovation.
Mayomatty 1 year ago 108
@Mayomatty. LOL. CNBC hasn't had him on in a while....I wonder why : )
Melville10 1 year ago
@Mayomatty he said that fed cut interest rates so oil went up to 147 dollars a barrel by speculation. Hasn't rates still low now, so what happened to oil?
jayangli 1 year ago
I would argue you should speak to your critics, not your fan. Test your strength, not your ego. Talking to those people is a waste of time. Talk to people who DONT share your view, thus the point of sharing the view, even if it is on deaf ears.
sysopkc 1 year ago
He said at around 23:00 that bubbles can occur under sound money. That has to be incorrect. Sound money would not allow one to manipulate interest rates. There then cannot be bubbles. Finding a huge deposit of gold may create inflation, but it does not lead to misallocation of resources, which is what characterizes a bubble.
82abhilash 1 year ago
@82abhilash This is because gold money is not (almost) free money. You need to spend on mining, pay workers, give them living space, places to shop, etc., before you can set up the mining operation. The gold money gives a proper signal to the market that a new reserve of commodity money has been found. And since it takes resources to extract it, it does not give an unfair advantage to the miners or help them to monopolise resources the way the printing press does to the central bank.
82abhilash 1 year ago
@82abhilash While you are correct that a commodity standard is much more stable, it is educational to note that it HAS HAPPENED.
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Spain. The inflationary boom of all that plundered wealth of central and south America was very real. One of the mal-investments was the Spanish Armada itself.
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And the bust, when it came, turned Spain into a 3rd world backwater for 300 years. They still haven't recovered.
CurtHowland 1 year ago
@CurtHowland Couple of things to notice. Gold in Spain was fiat currency, not money that emerged from exchange process. If gold was non-fiat, people would have simply switched to a different exchange token when the advantage of this one ceased. Second point. It was all stolen gold. Gold properly obtained is generally resource intensive, which is one reason why it is a favorite token of exchange. Stolen because there was a fiat system that accepted it in any circumstance.
82abhilash 1 year ago
@82abhilash Just pointing out that an inflationary boom (and bust) can happen even with a commodity standard.
CurtHowland 1 year ago
@CurtHowland I get your point. Unless stated otherwise, I base my argument on the presumption that gold is sound money. Where that rule of thumb does not apply, commodity money can cause bubbles.
82abhilash 1 year ago
@82abhilash "I base my argument on the presumption that gold is sound money."
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Oh heck yeah! I couldn't agree more. When one has to dig through history to find one example of "good money gone bad", as opposed to the endless disasters caused by fiat currency, it becomes merely an academic exercise.
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Very much "the exception that proves the rule."
CurtHowland 1 year ago
@CurtHowland I think the case with Spain was gold being the fiat money. That is how good money can go bad. Here is another way a commodity money can go bad. When the government fixes the exchange rate between two commodity monies like gold and silver instead of letting it exchange freely.
82abhilash 1 year ago
@82abhilash Ah yes, the problems of "bi-metalism".
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Which just goes to show that government intervention into everything causes more problems than it solves.
CurtHowland 1 year ago
@82abhilash If you find a large deposit of gold then the money supply will expand. The new gold/money will be spent into certain parts of the economy. The new money will enter the economy in an uneven way and will cause malinvestment and potentially a bubble. However, the bubble will be short-lived because there isn't an unlimited source of new money like there is from the central banks.
ecnerwal999 1 year ago
@ecnerwal999 It is not a bubble, just because the money is spent in an uneven way. The money is spent unevenly but there is a real reason for that, there are real needs being addressed. It is not like a false signal created by a central bank, where false impressions of people's need are being fed through the monetary system. Malinvestment can come only from such false impressions.
82abhilash 1 year ago
@82abhilash If the money is spent unevenly it will cause higher growth rates in a certain part of the economy. This leads people to invest more in that part of the economy even though it shouldn't really be rising faster. Let's say a bunch of new gold enters the market and most of it is invested in real estate(uneven spending). The price of the real estate will rise(faster than everything else). This will cause more people to buy real estate to profit which eventually results in a bubble.
ecnerwal999 1 year ago
@ecnerwal999 It shouldn't be really rising? Are you sure? There is all this mining operations. Towns are needed to support them. Infrastructure is needed to support those towns. There is a sudden demand for things that are not usually in high demand and for a good reason. It is the rising prices that indicate it. It is not a bubble. It is a sign that the price system is working.
82abhilash 1 year ago
@82abhilash Yes the prices of whatever the miners buy should go up but the key thing to remember is that there is extra gold/money entering the economy. If the miners were producing iron they would need all the same supplies. The price system would function as you mentioned. Now when it is gold you are mining for extra gold bids up prices further. This confuses the price system= malinvestments.
ecnerwal999 1 year ago
@ecnerwal999 It does not 'confuse' the price system. Rather it informs it that more gold is in fact being mined and is entering the money supply thus. And mining gold is expensive. So it is not a free way of monopolizing resources the way paper is. It is paper that confuses the pricing system. With paper you do not know, if it is simply fresh paper backing the old gold or fresh paper backing new gold.
82abhilash 1 year ago
@82abhilash It doesn't make a difference whether gold is expensive to mine or not. What makes gold unique is that it is difficult to find/mine and difficult to add more into the economy, so we get stable money. I think we fundamentally disagree. My argument is that prices have to rise to adjust for the decreasing value of gold(because gold is found). This rise causes malinvestment because there is overproduction/overinvestment in it, which causes bubble-like phenomena as prices spiral upward.
ecnerwal999 1 year ago
@ecnerwal999 You said "this rise causes malinvestment because there is overproduction/overinvestment in it". Actually there isn't. There is investment in gold mines and production of gold. It is a price rise from proper investment and production, not over-investment or over-production. If there is too much gold chasing too few goods, people will switch to a different medium of exchange. This knowledge will keep the miners from over-producing. The market gives signals to gold miners too.
82abhilash 1 year ago
@ecnerwal999 I think I have gotten to the root of our disagreement. You see any situation that leads to a greater than average number of malinvestments as a bubble. I see the same situation as a bubble only if those malinvestments where the result of false price signals.
In the case of the gold mine, there is a simple explanation. More gold affords for more entrepreneurial activity, so if there are more people in the game, there will be more losers too. There is no false signal that causes it.
82abhilash 1 year ago