Marc Faber to Reuters- You dont need the fed to tell you something is wrong

[Airmanf7]

I can just see the gears turning in his head.

[EconCat88]

I totally agree with Faber.

[PrivateLessonsXXX]

We need the QEs.

I love QEs. 

[TheMystic2100]

@PrivateLessonsXXX So do I as I own physical Gold and SIlver

[TheMystic2100]

@PrivateLessonsXXX So do I as I own physical Gold and SIlver. Just wait for the next crash and QE but buy in the mean time

[polarbeach]

any promo codes for apmex ?

[clearasvodka]

little Benny and tiny Timmy are just kicking the can down the road a little further. A day of reckoning will come soon enough...

[jhunted7667]

@clearasvodka you ever see the movie hang-em high ?? six at one time

[dmcd808]

Dont sell out faber you know what is coming

[TheUrbanDharma]

the dollar is fucked!

[JWnFL]

the markets are donw 20%!! Time for QE!! lets get those printers up and running!

[IronicallyVague]

So buy more Gold?.

Thank You Mr Faber

[Xianman06]

Marc Faber rocks! Only fella that tells the truth, on the television anyway.

[javabarbarian]

Faber is spot on. Buy the big dips. In the long run, the dollar is toast.

[rtorre02]

Faber correctly predicted Gold would correct to 1600.

[kcirdrab]

Faber's wrong, Gold's a bubble & the Fed printing won't stop sovereign debt exploding, which makes printing an irrelevance

[bezant1971]

@kcirdrab well enjoy your dollar while they can buy stuff, then........you know what is next, you only are living in denial

[kcirdrab]

@bezant1971 If yr in Gold when the Big Default hits yr gonna get taken out

Don't say you weren't warned

[bezant1971]

@kcirdrab so..... what is your advice? dollar lover

[kcirdrab]

@bezant1971 .... "$ Lover" - lol

Cash is going to be King again despite Little Ben & his printing press's attempt to dethrone it, Gold's had a great run since 2002, but if u haven't got money to risk it's time to cash in yr chips, quit the table & run whilst the going's still good

There maybe 1 last big spike for Gold when the Big Default hits in the initial panic, but it's a long way down with no stops straight after, & if yr in when the floor falls out you'll get burned big time

[bezant1971]

@kcirdrab man...... i think you have the sindrome of "in-everywhere-except-america"­, tell me just one fiat currency that have survive (without changes or zero-erasing) over 50 years, please teach me some history

[kcirdrab]

@bezant1971 I didn't say currencies aren't liable to collapse events ... it's just that the event we're witnessing isn't 1 of them

[TheMystic2100]

@kcirdrab The problems that the US$ is a terrible currency but the best out of all the other fiat currencies.

Gold has had a healthy correction but it will have the last laugh.Next round of QE will debase the US$ further and gold will rise again. Asians are rejecting the comex with the Pan Asian Gold Exchange.The trouble with the dollar is this generation does not understand the simple economic principle that if you get too many US$ chasing too few goods u get currency devaluation eventually

[TheMystic2100]

Plus please be aware that all of that previous QE is being held on bank books. Just wait until all of that liquidity really floods the market. The dollar long term is toast. But I have to hand it to the FED can they kick a can down the road or what. Trouble is everytime they do the can gets bigger and bigger. Some time in the future the can will roll back and flatten the US$ holders

[JumpDiffusion]

@kcirdrab  lol sure, Faber is wrong. he's been dead wrong for the last 4 years...wait, what?? :))

[kcirdrab]

@JumpDiffusion I didn't say he's been totally wrong for the last 4 years, I think he's 90% right, but I think he's got the call vadly wrong on Hyperinflation & Gold

[thesilverjournal]

@kcirdrab Faber's correct about hyperinflation and gold. The mispricing of money is causing massive malinvestment..too much malinvestment for the economy to overcome. Unemployment will only rise as long as rates are 0% and the only way the bubble can be kept inflated is by continuously pumping more and more money into it in greater and greater amounts until hyperinflation. The bubble will pop one way or another and if it's popped through hyperinflation, it will be complete economic devastation.

[kcirdrab]

@thesilverjournal The Anglosphere & Europe's debt is so big that it'll swallow all the $/£ printing liquidity that Bernanke & Mervyn King can engage in, & they won't even dent the problem, all they've done is buy some time & made it a bit worse

It's academic anyway, they haven't got time due to the sovereign debt default that's about to EXPLODE on them, which will cause deleveraging of such a scale that Ben's printing press will be rendered small beer

Faber's wrong on this 1

[thesilverjournal]

@kcirdrab The Fed owns the printing press and they will print whatever it takes for the banks not to fail which is literally an infinite amount and that means hyperinflation. THE MISPRICING OF MONEY IS NOW DESTROYING CAPITAL FASER THAN THAN THE ECONOMY CAN REBUILD IT AND THE MALINVESTMENTS WILL ONLY GET GREATER THE MORE THE FED PRINTS.

[kcirdrab]

@thesilverjournal No need to shout, chill down a bit pal

What yr saying is a nice theory for a debate, but if what yr saying is riight .... why is the $ gaining in value now after Bernanke has been running the Fed's press for multiple months ...?

Think about it ...

[thesilverjournal]

@kcirdrab The market doesn't get it...think about it. Common thinking is raising rates would destroy the economy. The Fed will keep rates at 0% + provide increasing amounts of stimulus. Now that TARP 2.0 is just about needed, what are they going to do? Rates cannot be lowered because they're already 0% and the the Fed's balance sheet is already bloated. They'll increase their balance sheet more and the effects will be devastating..and they can never stop..can't even slow down..must speed up

[kcirdrab]

@thesilverjournal I think yr missing the macro picture & assuming that the central banks have more power than they actually possess in this situation

I've heard for the last 3 years non-stop that the $/£ r finished - printed to infinity; Keiser has been calling for Gold 10,000 (remember "Buy Silver Crash JPM"??)

The $'s rising (despite 3 years of Benanke's printing) because of massive deflationary pressure being exerted, & commodities r all overpriced

Bernanke & his press is small beer now

[thesilverjournal]

@kcirdrab The market has been duped into thoughtlessly believing the dollar will always be the hero. Hell..most people that I talk to still think the dollar is backed by gold. The banks are backed mostly by real estate and 25% of mortgage holders are underwater and the next 35% have less than 10% equity..so just a 10% drop in real estate will cause well over half of mortgage holders to be underwater...that's how close we are to the edge + FDIC is way too small of a program to help, so FED will.

[kcirdrab]

@thesilverjournal - Yes I agree with all of that bar" the $ being a hero" propaganda

Everything you've listed here is deflationary pressure, not inflationary, & it's of such a scale it dwarfs little Ben with his press in the Fed.

[thesilverjournal]

@kcirdrab The economy can no longer keep up with the capital destruction caused by the mispricing of money so little Ben will literally have to print an INFINITE amount of money to keep the banks from collapsing, which is INFLATIONARY. But that's not the only problem. Entitlements are growing in a huge way and gov borrowing must increase. The ROW is slowing down on buying US debt and at the same time the US is taking on more debt, so the FED must increasingly buy it to keep rates low.

[kcirdrab]

@silverjournal What do you think Little Ben & his printing press is going to do when sovereign debt expoldes? Do you really expect him to print literally several trillion $??

Do you think that's politically reality, will the American people just sit back, watching the $ destroyed & a pint of milk at $15 .... & just sit around shrugging their shoulders whilst little Ben just endlessly prints ...?

This isn't a realistic scenario

Little Ben's already failed & is awaiting dismissal from post

[thesilverjournal]

@kcirdrab Yes, he'll print many many many more trillions. The other option is to not pay people's entitlements, which wouldn't go over very well. And to not pay depositors (because the FDIC is a puny program, which would not go over to well either. He will print print print..print print print..print print print. Yes he's failed, but what he and people that think government is the solution think that more stimulus and more government programs is the answer. It is realistic and it will happen.

[jezza1789]

@kcirdrab Yeah I wanna own dollars even if the whole word is fleeing the dollar. Recently another country Nigeria sold some of their dollar reserves and bought the Chinese RMB