2/5/09 Marc Faber: " U.S. will default on debt or enter hyperinflation "

[emerson24]

Praise be to Allah for hyperinflation. Give him a lamb, and he will sacrifice the world.

[freedomobserver]

Oooh, everything is so crystal clear now. The Zimbabwean School of Economics is pure genius. If something doesn't work, print money. If it still isn't working, continue to print print print print print and print more, ad infinitum.

[khjstephano]

I love this guy and straight to the point!

[jeffsst]

jep! no bullshit just facts and projections... love it!

[PhotonDrive]

Produce more! Great - if it could happen! US is trapped! NO PRODUCT can be produced & sold at free-trade prices! Only Dick Cheney has solution: PRISONS FOR PROFIT! Otherwise known as Nazi SLAVE LABOUR CAMPS! MORE wars on Drugs! More WARS FOR OIL, more SECURITY! If firms left in "fire-free-zones" won't knuckle under and buy more guards - they do not properly understand the SECURITY THREATS! Nazi take-over! Money won't matter - the WHIP & BOOT ON FACE will! Bush has destroyed the US!!!

[FkyGGGG]

Marc Faber as always NAILS IT! the Spendocrats have KILLED this Nation, This Great Country...

Some "Change".....

[trakkaton]

The "Spendocrats" - who's that?

Reagan and his Star Wars?

[Daverha777]

LOL@ this assclown! US debt to GDP ratio is better then most G8 nations.

[mossretard]

bullshit, you are not including household and state debts, US has a terrible debt to gdp ratio. Places like India and China have little to no household debt and high savings rates they will rebound a lot quicker than the states.

The United States WILL go bankrupt in the next 10 years.

[Daverha777]

LOL,keep drinking that kool aid..

Thats NOT how GDP to debt is measured.

NEVER BET AGAINST AMERICA!!!!

[mossretard]

bro if you include social security and medicare unfunded liabilities (which are just getting bigger) it is 75% of GDP. America has changed, thomas jefferson would puke if he saw what went on today. Now the goverment is going to help people pay mortgages (announced today feb 12th) have fun being socialists.

[trakkaton]

The official GDP is just a fake number pulled out of someone's ass.

Social security and Medicare are expensive because of the industry sucking from it. It's not expensive to feed and care for people.

The government is a puppet of Wall Street, which is hardly "socialist". Wall Street doesn't care about anyone, see CDS, "bail-outs", etc.

They care about homeowners as much as the military does about their henchmen and cannon fodder. Read: Gulf war syndrome.

[edthehead1975]

@trakkaton Ron Paul had a great insight that when you put socialism in a corporatist guise, there are a lot of useful idiots who say they aren't socialists who go along with it.

[trakkaton]

@edthehead1975

Socialism actually has a DEFINITION, and it's a totally different concept than fascism or corporatism. You don't even understand what the words you use mean. Socialism has nothing to do with state capitalism, and the US isn't even state capitalism. Learn the basics, then come again.

[Nickalispicalis]

Exactly.  You have to include unfunded Medicade and Social Security.

[Lingerfoot]

What happens if the United States goes bankrupt?

[trakkaton]

The same that happened to any other country that went bankrupt - see Germany, Argentinia, Zimbabwe, etc.

The will be more of what's there already: More slums, more poverty, more crime, more police state, more tyranny, more polarization, more uniformity, more idiots, more entertaining, more decay, more lies, more chaos, more surveillance, more absurdity. It will be extreme.

[whateverujoke]

your feet will no longer linger

[spyderkat]

YOU have NO access to real facts if you believe what you posted. There is so much wrong with your assertion. First, a positive tilt to debt/gdp assumes a strong manufacturing base! The American manufacturing base has eroded to nothing. Factor in state debt assets and a massive drop in state income due to unemployment and you have the makings of a colossal disaster.

[trakkaton]

@Daverha777

US debt is about 60 000 000 000 000 , 00 $, without the derivative bubble, mind you. Shut up if you don't even understand the topic.

[singledad1234]

ontario canada

fourty two

have a place in the country

looking for a woman that wants a marriage

and love

and grow our own food

[sickvenom1980]

finally !!!! we r going to feel pain!!. it was long over due. keep it up america stay the course

[FarFromEquilibrium]

US follows Zimbabwe's lead.. Im laughing but this is really not funny.

[Nickalispicalis]

Hold on to those Zimbabwe Million Dollar and Trillion dollar notes. One day you can sell them on Ebay, just as a Weimar Republic Mark fetches a good price.

[linnx88]

AHAHAHAHA FABER has class and humor!!! The host is being very serious, Faber is having a joyous time, his predictions are coming true. Zimbabwean modern economic system, LOL. He forgot that the brilliant mastermind Mugabe who bankrupted Zimbabwe last year and printer Zdollars so big the zeroes didn't fit on the bill was schooled in Harvard. So it all makes sense. On with the new Zimbabwean economy!

[Benaiahh]

Everyone watch out for a bump n' dump scam going on by George4title and Lebed. check out these two vids

/user/George4titleisascam to see what I mean.

[FarmannTVNorway]

Zimbabwe school!

[motina10]

That cracked me up!!! Hahaha..

[dlmaniac]

Breaking news!!

University of Zimbabwe Economy just set up a new branch in Washtington DC and appointed Barrack Obama as the dean of the school who promises he's going to CHANGE US economy.

[SouthFacedWindows]

Nice one he said.....he he

[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!

[brodudemonkey]

lol, the 3rd party will be huge```

[cyalaterthan]

very well said

[Tasadaru]

Oh snap! Marc is an Austrian Economist.

[teewillis1981]

All the best economists are...