Sovereign Debt: The Next Crisis - Marc Faber

[MorpheusX001]

WAKE THE HELL UP AMERICA! --- Join the Revolution

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Read “Common Sense 3.1” at ( revolution2.osixs.org )

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We don’t have to live like this anymore. "Spread the News"

FIGHT THE CAUSE - NOT THE SYMPTOM

[xadam2dudex]

to solve the problem..end the central banks who made the problem by their very existence...repeal the Federal Reserve Act RAISE TAXES ON THE RICH....why didn't he say that instead of cut medicare etc ...since low taxes on the rich and corporations is a big part of the problem ( most large US corporations don't pay taxes )

[blaknoizee]

It weird, how all this can happen and it is none of the "working class" folks fault, but we take the blame and the burden by blaming one-another.

[Silicondoc]

He's telling all of us what is already occurring - and we have these COMMUNIST LIBS who have pushed this crap since the 68'er democratic revolution to thank. Anyone ever DREAM it would be the GD DEMONRATS that do the big business corporation WORLDWIDE MONEY SWINDLING?! NO, you were told it's evil rethugs. THE DEMS LIED!

[jayangli]

they are already in three wars, just going to get worse. If you think about it, the situation is worse than it was during 911 and Iraq

[daviddalbylive]

Gloom, Doom and Boom ... we had the Boom and now we have the Gloom .... so prepare for the Doom cos it will be SUDDEN and SHOCKING. Disbelief will be on everyones face until the reality sinks in and then all hell will break lose. Inflation nation fiat money is dead, long live fiat money.

[TheBlitz1]

your country would have to be dumb as shit to go to war WHILE hyperinflation is occuring... that would be just comical

[uturniaphobic]

Sovereign Debt, Fair Judge, Honest Lawyer, Working stiff, all these are good examples of oxymoron

[mkc1979]

@benzo771 i think you're referring to george soros - different people.

[cheviinc]

portugal, italy, ireland, GREECE and spain & japan, u.s. .... this is slowly coming to pass. greece [check]. who's next

[WindKayak]

is darth vader behind that guy with a public safety vest? xp

[grammacaroll]

He is correct. It's just a matter of time and the U.S. will default. Time to pay the piper people.

[HBOMB99]

I had no idea Greeks were so lazy and stupid. Goddamn them.

[shtonker8]

How bloody charming to laugh at the end as the masses are distracted at their financial rape by yet another war! I'd like to see Faber with Max Keiser! Though Marc Faber is a shrewed player, he is too tame, not outraged at the destruction of the middle-god and now working class?-to the benefit of the Oligarchs, Kleptocrats, and Financial Terrorists-bless Max for that gruesome but true sobriquet!

[StanwoodDesign]

I'm not sure what you are trying to say. I think Marc and Max are two sides of the same coin.

[shtonker8]

Exactly, they are two sides of the same coin, however, I get the outrage from Max at the Crimes, and Marc is more sedate in his assessment, as in, "I don't want to criticise Goldman Sachs" sort of quote in the vid.....I'd still like to see them go at it together...charging ahead to decapitate the Crooks of Wall Street.

[BobbyW3363]

Marc is an investment analyst. He needs to act professionally in order to maintain credibility. If he goes on these financial shows and starts sounding like a hysterical anti-bank populist, he won't get invited back.

[shtonker8]

Hey BobbyW3363,

I can see you're a level headed person, and I agree about professionalism etc. however, this economic pillage of the middle, now working class, for the elite 1-2% is enough to make any reasonable person's blood boil. All I'm saying is I would like to see Marc a little riled up in his professional view. And, credibility with whom, and in whose pocket???

[docatomics]

...weakend dollar, better to say devalued!

[throwerofturds]

@benzo771 marc faber is swiss and has been a student of economy all his life and is probably the best economist that i know . i appreciate him very much

you on the other hand should be prosecuted for having a loose runny mouth . and maybe you should lose your cojones so that you dont reproduce

[EriPages]

notice how the interviewers just laugh or make light of serious situations?

hyper-inflation,fed's make "huge speculative gains", war,etc. it's all a joke to most of these people.

[achimmontreal]

I believe that's a fear mechanism of people who don't know how to cope with the seriousness of presented information and want to cover up their fear with fun.

Or he is just a jerk!

[fridaysabtu]

Please watch my video

It's about climate change, earth catastrophe and our planet as we lives in.

Does climate change can affect economy growth?

watch?v=j7I_eFoIk64

[PreciousMetalsStore]

That's pretty funny considering he was born in 1946 in Switzerland

[stonebridgeboy86]

Look at Faber laughing at 0:19-0:21, he kind of switches it on and then off! Funny

[friscoamm]

Mr. Faber says ... "then societies go to war." I thought we (the U.S.) were in two of them already.

Another war. Oh goody!

[timesplitters333]

yes 3ard world war against Iran.. see the speech from breziniski:)

Its all great. 100 mill people dead and the elite live on.

[tophatandtails]

Errr, you seem to forget what happened to Germany in the early part of the last century....

[theslimeylimey]

The way they're going, they will have to soon. They will have to change the acronym to BIPIGS or BIGPIS though, so they'll wait as long as possible :D

[silvergold73]

hey pops sorry i thought ur comment was sayin something else? like ur channel the music is really good thumbs up!!

[silvergold73]

hey pops how do you feel today? not so faded is it?

[PopsMcKracken]

The crisis has faded!!??? Get a fucking grip...

[rotinek]

read Karl Denninger's blog. He documents the fraud and manipulation by The Federal Reserve. They have control over the money supply and have done since they were instituted in 1913. Do your research! Until American Citizens get off their asses and MAKE CHANGE through their Democratic rights (what's left of them) we will all be slaves to this Central Bank because it has total control. End The Fed!

[jobedied]

Bankers need to be tried and executed for high crimes against humanity. Congress and Senate needs to be tried and imprisoned for life for crimes against humanity and treason.

Congress and Senate are wreck less and negligent with protecting the constitution and security of the people who elected them. Congress and senate should be worked on a chain gang for causing the children and grand children of America to be essentially economic indentured slaves for the next 30 years.

[PureEducation]

Rockefellers should be tried with treason, and public mischief

[Knepperify1]

@jobedied

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The problem is that the general public is so financially ignorant of fiscal history that the public will demand Socialism or Totalitarianism rather than just demand that the rules are enforced in a Capitalist system.

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The USA could just go back to the rules as they were in 1988 and everything would be fine.

[theslimeylimey]

PIIGS ? LOL I wonder who came up with that acronym.

[UrielWN]

Only the ECB is allowed to print bank notes. United States will not default because the FED and Washington are interconnected and they will print at their leisure. The ECB is usually more careful on monetary expansion but in the end they are both money printers. Trade surplusses of the euro zone keep the price of the euro up compared to the US dollar. That means more Euros move in than go out in the long run that keeps the currency stable or more stable than the dollar at least.

[baigandine]

The U.S. has never defaulted, but it may be a good time to start.

[DutchBullion]

Another aspect the European Central Bank realizes:"However, it is a widely accepted proposition in the economic profession that, in the long run, i.e. after all adjustments in the economy have worked through, a change in the quantity of money in the economy (all other things being equal) will be reflected in a change in the general level of prices and will not induce permanent changes in real variables such as real output or unemployment." (ECB, 2004, 41). The ECB won't allow the PIIGS to print!

[DutchBullion]

Wow, this shows how little people actually know about the euro.... Fearmongers, bah. A little copy n paste from 'The monetary policy of the ECB': "The central bank is the sole issuer of banknotes and sole provider of bank reserves, i.e. it is the monopoly supplier of the monetary base." (ECB, 2004, 41)

[strasheep]

Tell me how the PIIGS are going to print EUROS? will Germany and France go down this road??

[arka67]

he said Euro will fell apart !!

[pretorious700]

"The US financial crisis has faded"....what a fucking tool this guy is

[Zile77]

The war with Iran will solve everything. The world will have to be rebuilt by the survivors, the elite that will be protected in huge underground shelters. The rest of us are to be sacrificed for their final war. And you're all worried about money?

[Individualism101]

Hahah whats with Darth Vader in the background sporting a fluorescence "Public Safety" vest.

[doc7474]

Yeah, I guess Aaron Task had the day off. Blodgett is off on things.

[m00se321]

Lets send another $500,000,000, too HAITI!!

[RangerMcFriendlie]

He may have been joking a bit. "As the economy recovers, our guest today says, 'hold on a sec'..."

...

[AlcoholLevel]

Money well spent.. heh.

But seriously, let's be compassionate for a moment here. There's a lot HURT going on in Haiti right now and they do need help. Rotting cadavers and people unable to find food... it's bad situation and they're humans just like we are.

I just hope it doesn't turn into a situation where the living victims make out like bandits because of all of the aid. Political and social reform is needed in Haiti and money won't solve those problems.

[Budvb]

If you look through Haiti's history we tried to help them with Political and Social reform, alot of the reason they was living upon each other in unsafe homes. They need to rise above this and do what is Right for Haiti and then for the world! Read Haiti's history and you will see what America has done for this Island. I don't think it helped them in the long run , it ended up becoming a bad outcome! People as well as Haiti need to do what is Right for themselves in a positive and Good way!

[RangerMcFriendlie]

Agreed.

[chatsworth777]

He mentions cut SS or cut Medicare. Funny, he didn't mention cut the war funding. He mentions hyper-printing of currency. The FED told GOV that they will print $ 200 billion more this quarter. Then, NO more. JFK was the last person to print US dollars,,, backed by our silver. The silver is all gone. The US has to roll-over $ 1.2 trillion this quarter. The FED refuses to print it. Of course, we're going to default. NO, we're not going to have a new war. NO oil for a war.

[zionisimkills]

BLUE RIBBON "COMMENT"

you said it all, please let me elaborate for voters, in the next 90 days our Fed Gov, has to roll over, meaning pay off, and reborrow 1 Trillion, 200 Billion, plus whatever they need for war wellfare, and too numerous other wellfare projects to mention,  and with the fact that Chin stoped buying our debt, and every other country broke as well, "WHO" do you Imagine they will get it from. I wonder ? Ron Paul2012

[Romulus2009]

Shouldn't have to worry about energy, by then we'll be able to heat our homes with wheelbarrows full of dollars.

[EndTheFedRes]

jgrimsl1

Ever seen Codex Alimentarius?

watch?v=spoucYXa3-A&feature=Pl­ayList&p=56F48B59551D38EE&inde­x=0&playnext=1

[madhuradi]

OECD countries print their own money and are AAA - So they are not forced by IMF to devalue their currencies

So hyperinflation in these countries is offset by assumptions

But we are in Unchartered territory now!

For the first time in history, the fate of Untouchables is in the hands of non OECD countries.

My view-Security council will decide next war ! Marc faber Rules!

[beabro]

FU BLODGETT!

[Lingerfoot]

and then what? LoL!

[DolphinFilms]

Marc is awesome. I love how he gives the doom (hyperinflation) and gloom (war... WW3?) scenario so matter-of-factly.