Marc Faber about Zimbabwe School of Economics 2009.02.06

[justintempler]

Actually gold does not go through the roof. Gold consistently holds its value. You aren't seeing an increase in the value of gold, you are seeing a decline in the value of the USD. The more the dollar drops in value, the bigger the contrast, hence the appearance that gold is going through the roof.

[tlb50mustang]

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[Babyfatha2010]

Marc Faber you're a douche bag!

[DontPublicMe]

@Babyfatha2010

What's a douche bag?

[goodatbasebal]

Hhahahahaha!!!! FAVORITE!!!!!!!!!!!!!!!!!!

[aviomaster]

800 Military bases , buying up politicans in Eastern Europe , Building Anti missile defense against Russian federation , Conquering free countries based on Lies .

Stealing natural resources , in Central ASIA and middle east, Funding regimes who are hostile to Russia and China ,

Controlling what people think of the war , censoring Media ,

What good will come out of This ...

[DanielSahne]

I dont think they'll pay off their debt by inflation, higher taxation is more likely

[Fruerik]

Gold is money if the market picks it as money - like it has for thousand of years.

[thinksimon]

Gold is also not MONEY. Gold is commodity.

[shidoski]

Mainstream Media is paid not to learn @

Sinisterene.

[iannetta11]

Paper is not money. GOLD is money.

[Sinisterene]

The people at CNBC are so stupid. They never EVER learn

[aviomaster]

- IS it possible , that USA may have hyperinflation ,

REmmember ,

MAIN reason for civil war in Yugoslavia 1991 was Hyperinflation.

[scoobyDx]

no one is above hyperinflation..t hat kind of arrogance is suicidal

[gigimc]

banana republic huh? they do have some very nicely made suits... :)

[markinu]

he is in Hong Kong not in the US :)

[kmarinas86]

I say eliminate all taxes.

All money that would have gone to interest on the debt (public or private) should then go to the government.

Then there will be only a single tax, that on accumulated public or private debts.

This way the size of government will be limited by how much we as Americans borrow. As our borrowing needs (and poverty) fall, so will the funds for government. The government would "stimulate" the economy by lowering this rate for both private and public firms.

[kmarinas86]

+Favorited

[Gollywog]

funniest thing all day. Sounds something like Max Keiser would say

[CurtHowland]

youtube.c om/user/misesmedia

Go right to the source, the Ludwig von Mises Institute.

[2012Ronpaul2012]

YOu better fucking recognize the austrian school is the best school ever!

[CurtHowland]

I'm just amazed that the Keynesians and Monetarists can be wrong, over and over and over, while the Austrians end up being right, and yet "mainstream" economists are all still Keynesians, they make the big bucks, get their textbooks into schools, etc.

I think it's because Keynesians advocate government intervention, so governments at all levels listen to them and only them.

No one likes to be told that they're wrong, especially people in power.

[2012Ronpaul2012]

you are absolutely correct . These two schools of thought, or lack of, are in power because they both promote statism, just on opposite ends of the spectrum.

[joshrain1]

no is right and no one is wrong. if one was right , then there would be no arguments. both of them are wrong. polarity by society is neurotic. wake up.

[2012Ronpaul2012]

actually you are wrong....

The monetarists and keynesians are both wrong and have been proven wrong by the austrians time and time again....

[joshrain1]

you can argue all you want man. if someone was right there would not be an argument. the other side tells one is stupid and vice versa. as a mature being, i prefer to stay in the middle. you cannot have polarity. bird cannot fly with right wing, it needs both wings.  you cannot inhale and not exhale. if one was right, there would be no discussion and arguments, period.

[2012Ronpaul2012]

The thing is no one really argues much with the austrian school, and any arguments they do have are weak and easily rebutted. They are too busy trying to argue between each other, as in the monetarists and keynesians. The austrian school stands alone and superior to both schools. It is the only school that promotes freedom, unlike the keynesians and monetarists.

[moviedude111]

2012Ronpaul,

100 percent correct!!!!!! Keynes was a shrill for the bankers.

The debt doubled this year alone, the deck of cards (correctly called the Zimbabwe economics model ) is in free fall.

I found it funny that Obama threatened trade barriers, and the world gasped, what a farce...(reverse psychology )

America produces paper money for export, and imports tangible assets.

Now is the time to go into debt, and pay off in the future, we will soon ALL be billionaires.

[Nintendomanwill]

@2012Ronpaul2012

Monetarists are just weirdoes who perceive the perniciousness of Keynesians but still can't perceive economic truisms that allow them to understand the reality of money. To quote Rothbard and to invoke Rothbard's Law, Friedman was an idiot when it came to monetary theory.

[DontPublicMe]

@2012Ronpaul2012

Indeed, indeed, the British and Anglo-Saxon bloc have often regarded anyone outside their bloc with disdain. Bloc-heads.

No, I'm serious. They were so forcefully focused on their own Isaac Newton, that they completely missed Einstein's work .. well, almost. Had it not been for their Eddington who brought Einstein to their attention.

Had their thought outside their nationalistic square, they may well have been the first acquire the Bomb.

[updownleftrightinout]

He's convinced me that the USA is on its way to becoming a banana republic.

Imagine the mess as the rest of the world realizes this and try to escape the mess.

The house of cards is falling. Lookout below. TIMBER...The bigger they are the harder they fall. What a fucking stinking mess this will be.

Prediction: worldwide unemployment of 35%. Start looking for a job in the gov't if you want to stay afloat.

[svengeino]

lmao

[Justbeatit999]

God I love Marc Faber! By the way guys, I always go to financialtruth0.blogspot . com because they post all the latest videos there of JIM ROGERS, MARC FABER, PETER SCHIFF and RON PAUL. Thanks for uploading anyway!

[jfcrow1]

Marc Faber has been reluctant to be so blunt (honest). It must be going to get really bad if he is now so serious about the future.

[hugolp]

Hahahahahahaha!!! Best Marc Faber tv show ever!

[magichandpuppet]

Ha Ha.... "Zimbabwe School of Economics"... That is AWESOME! I am laughing my ass off. Thank you for posting this video... it really made my morning.

[iwanagaa1919]

Talk about rapid turnaround! Thanks for posting this video so soon after it was broadcast. Marc Faber's commentary is always worth hearing.

[WhoRonPaul]

why not invite Ludwig Heinrich Edler von Mises for rebuttal?!

Austrian School economists advocate the enforcement of voluntary contractual agreements between economic agents, but otherwise the smallest possible imposition of coercive force (especially government-imposed) on commercial transactions.