Marc Faber - Fox Business News - 09 December 2011

[buffett1000]

Just buy Norweigan Krona. That's all you need to do.

[rg435610]

As usual Marc has a good analysis.

He is clever enough to give the trend he forecasts but not the timing.

Will 2012 be gloom, doom or boom ?

[bkdmd]

Marc Faber is the best.  Marc Faber is on the top of my short list of people who I could meet living today. If I could meet anyone in the world, he would definitely be on the top of my list.

[jezza1789]

@bkdmd LOL Agree it would be cool to have a conversation with him about world economics

[melotrom1]

I just can't believe that people don't get the fact that all Southern Countries (PIIGS), just don't have stong Assets and Industry to sustain their Economies. I believe that Italy, Greece, Spain, Portugal and Ireland, should return to their National Currencies in order for the Euro to be saved. I recently visited Slovakia and I know that they are hard working people and do not Live in a Bubble Financial Scam, just as the others did..

[eial777]

Yes. The EU should be dissolved. The problem ist: Those almighty guys who created the EU and the Euro (against the peolples will!) don't want to dissolve the EU. The problems we have here are WANTED by them. They WANT chaos and the death of souvereign, free nations. Our problem is neither the EU and nor (directly) the Euro. Our problem are THOSE criminals. Read the "Protocols of the Wise Men of Zion".

[jwilson770]

Faber is right.

The EU does need to be dissolved.

It was an insane concept to begin with.

[trakba]

he said "sharpening their pencils" ;P

[tinypenisman]

@mikailmari united states is like EU but WORSE.... it will fall first :)

[fuckoff187]

marc is tall



[artyfarty3]

i've heard someone say that they will need 25 trillion to bail out Europe - and that's just to start with . All up they need 100 trillion - so yeah , they will need to brake "away" those with too much debt or ECB or IMF will need to print and print till the "cows come home" lol - and we all know what "printing" will do -  inflation ( or devaluation of currency )

Well , we will know which path they chose by march 2012 for sure ... ;)

[myusernameisluc]

"2012, is it going to be a good year?"

"NO."

This guy is awesome.

[brachisaurous]

im afraid he's talkin rubbish here.

EU is NOT going to print money. they are going to go with massive and savage budget cuts and the ECB will make cheap credit available to banks in EU to keep economy going. we will see a bad recession in EU and some countries might even have to deal with mass protests. lets hope the superior civic sense generally seen in the WEST will prevail and EU will avoid falling into a civil war like situation.

[myusernameisluc]

@brachisaurous

And how do you think they are going to make cheap credit available? They have no money, it's going to come from the printing press.

[AFRIKTODAY]

@brachisaurous " ECB will make cheap credit available to banks in EU to keep the economy going"

That's printing money smarty pant!

[brachisaurous]

@AFRIKTODAY Lowering interest rates is not printing money. ECB's basic argument is to keep inflation under control and dont believe in increasing money supply (like QE/Stimulus). They instead recommend cutting on govt spending, increasing taxes to reduce the govt deficit. No extra money supply means Euro keeps its value, prices in the European countries stay stable and there is no inflation.

I know sometimes its difficult to believe that such huge problems have humbler beginnings!

[jezza1789]

Does Marc have a Breitling watch? looks nice.

[Gollywog]

@jezza1789 I think he'll go for something with a bit more class - breguet, IWC etc

[jezza1789]

@Gollywog Yeah you may be right it looks like it might be an IWC.

[RKAddict101]

lmao this guy is awesome

[LadaRay]

Great interview! Marc is always awesome... but Fox news???

[phonse43]

Marc Faber on Fox News... now I don't know what to believe anymore.

[PurpleHeart1]

Very good interview.

Marc is always to the point.

[T3nZinnn]

Thumbs up for The Netherlands !

[kcirdrab]

Godd interview, interesting to hear Faber talking about Europe for once instead of the Ersatz economy of the Orient

[delatroy]

Wow Marc's in the USA!

[solojam]

printing money means my silver is gonna go thru the fucking roof, and i will become even more richer, booyah

[Torgo1969]

His utter contempt for no-good bureaucrats is pure gold...and silver.

[blythebaby777]

Marc Faber, bitchez!

[goldcurrent1]

Yes bitch. He said dissolve the EU.