Marc Faber: Bloomberg Interview May 25, 2010 Part 2

[foxbat101]

no you could never have them running our countries.

1) they would not accept the money.

2) We would not vote for them.

We can not vote for the reality.

We vote for the / our dreams.

Peter

[felixdov]

"So it is like one U?" No!...

"So we will just have lower growth?" No!...

Around 2.17 after MF talks about Gold, the guy goes: So lets talk about Sovereign debt potential defaulters..."Canadian? Norwegian?" Is this guy on planet Earth? really- what a plank! (clown) Both of those countries are about 50 times stronger economies than USA... But let's not consider USA's massive debts shall we MSM Muppets!

[Deeman2323]

If you like his views you will love my music videos Dontcha Know and What About US. Wake everyone up. Spread the word.

[NinjaHydra]

Best line at 4:23 - "I've been drunk so many times in my life to know that the best way to prevent a hangover is to keep on drinking, so you just drink and drink and drink until you eventually collapse."

[aviomaster]

Arrogant American sizofrenic imbeciles ... I am glad you are going broke

I hope somone bombs YOU ...

[CJLopez21]

@aviomaster to use broad generalizations like that and to assume all american people are like that just adds to problems. instead of pinpointing the actual guilty party, you paint a whole demographic of people as guilty???

with comments like that you are no different than the people whom your comment accurately describes

[demirparcasi]

This crissis isn't only about low interest rate or credit expainsion, but also about corrupted accountancy practices and unregulated exotic financial instruments like CDSs and CDOs. If the govetment institutions which are responsible to regulate financial sector did their jobs, this crisis wouldn't have been so disastrous.

FED has important resposibilitites but FED's action were terrible before and after the crissis. FED is the one of the most corrupted institutions in USA.

[winner502]

hes right tax reciepts have not improved.

how can you cal that a recovery

obama and his clowns

bush and his clowns

three ring circus

also gold was at 1150 just 4 weeks ago

steady at 1200

buy gold one day youll be glad you did

[COMETRACER63]

OBAMA AND HIS CLOWNS.....HAHAHAHAHAHAHAHAHA

[simichasimicha]

..'Obama and his clowns...' Ha way to go Marc the expression on interviewer's face was classic. what planet are these foolish people living in??

[ijustretired]

The recent falls in Silver have given an opportunity for many to make some good profits in the near term and also long term. The US will continue to spend and push themselves further into debt- I strongly feel a double dip is on its way- however this time its going to get really worse.

[demirparcasi]

Always good to listen Marc Faber. He is an excellent analyst. His advice was one of my reasons to buy gold and I gained a lot.

Althogh I love Marc Faber, I don't totally support his liberitarian view. Goverments doesn't always make things worse. Lack of goverment regulation created the fraud and mess in the financial sector. Right goverment intervention is neccessary and can improve market effientcy. Goverments are not perfect but don't forget the market isn't perfect too like all humans.

[Ranger4564]

@demirparcasi  I agree with your assessment. :)

[coreyk123]

@demirparcasi

How can you say that. The government created this disaster. FDR created Freddie and Fannie. Greenspan created a global credit expansion by manipulating the interest rate. The government forced banks to sell sub-prime and Freddie and Fannie helped them. This is clearly a government sponsored disaster. This is not the fault of the market.

[kardentyrell]

@demirparcasi goverments cannot improve any market efficiency. That basicly led to this problem in the first place, because you have idiots running the show with special interest egging them on.

[demirparcasi]

@kardentyrell . There are 3 main problem about market effientcy:

1- Private institutions have tendency to be monopoly. Govermet must stop monopolies.

2- Private institutions can easly make fraud. Ex: insider trading, misinformation, corrupted accounting practices...

3- Private institutions are short sighted and self centered. They don't consider seriously longterm (10 to 100 years) social, financial, enviromental, national security, public health etc. effects of their actions.

[kardentyrell]

@demirparcasi but thats it. Government shouldnt be more involved in it then that, or it screws with the system.

[demirparcasi]

@kardentyrell My view: Financial world like life is extremly complex and caotic. I don't think there is a single simple answer to all questions. Questions like which goverment is better, how much goverment involment is needed etc must be discussed, but I don't think that no goverment is an right answer. It means anarchy. Anyone can see many reasons and examples showing importance and benefits of good govermorship.

[gwohlproductions]

@demirparcasi Yes, an anarchist society would be just as ineffective at promoting a strong, dependable economy as a socialistic one. Government needs to be there to protect individual rights; otherwise, you don't have a free market, but an anarchy market. Without the protection of individual rights, no individual can be guaranteed the protection of contractual obligation, or the physical safety of their assets. A government must have courts, police, and a military, but THAT'S IT!

[demirparcasi]

@gwohlproductions "What must be limits of goverments?" is an important question and it is closely related with the question how efficient (or corrupted) the goverment is. I don't want to give even military, police and courts to a corrupted goverment. On the contrary an efficient and farsighted goverment can have much more than that.

Now the problem of the world is financial anarchy. Wallstreet kidnapped economy and institutions and blackmail goverments and people.

[CJLopez21]

@demirparcasi i can counter that easily and use your very same examples

1. government feed monopolies, not stop, by giving out "special" deals and contracts which happen all the time and distort the market

2. governments have fraud, misinformation, and corrupt practices. history of mankind has shown this

3. governments are shortsighted. you have politicians whose only objective is to get reelected and will do anything for that. look at all this stimulus regardless of long term harm of it.

[FGTBOGSAT]

Agreed. Government intervention is making things worse!

[SvrchovaneCechy]

3:25 "Mr Obama and his clowns..." Priceless. Marc is the man!

[QIQrrr]

Obama and his clowns should resign. Way to go!

[skazhiprivet]

marc faber is smart and fun to listen to. if only we had people like him and jim rogers running our countries!!!

[Alexharcourt]

@skazhiprivet Peter Schiff is running for senate and he needs contributions!

[dskillz1]

Preach Marc!!

[Sarasu23]

luv marc, he's d'best:)