Marc Faber on 2008.12.29 about economy, inflation and deflation

[falconxlc]

CNBC - UPDATE THAT PICTURE!

[Mikhail617]

Ron Paul for President 2012

[TETurkhan]

Its hard not to acknowledge that Ron Paul has been right in all his warnings well before any of the other politicians. Now, will Americans choose his message that we need to tighten our belts or politicians that promise much but cannot deliver anything without burdening further generations.

[Lingerfoot]

Check out Gerald Celente too!

[MANofINACTION]

I'll bring you some snu... WHAT?! SNU- WHAT?! THE SUSPENSE IS KILLING ME!

[mongobobo]

My call on gold was wrong. We are seeing some strange goings on when the dollar and gold are moving in concert. Despite the bad call on gold I still came up 15-20% in two days. The question is, do I have enough balls to hold on for more than a few weeks.

[INCACOCARICA]

8:09 --> "..I bring you some snow.." --good one

[marky1333]

High interest rates wouldn't be inflationary Companies and people with debt wouldn't be able to make the repayments their debts/money would then be deleted/deflated out of the system.

Dont buy into this hyper inflation it's not going to happen, it may happen when all the debt has been deflated out of the system but thats going to take a long time.

Right now the only way would be for the government to seize the fed and order hyper inflation, really can't see that happening.

[Ntone606]

Faber rocks.

[marky1333]

The only reason Japan didn't see price and wage deflation (only asset deflation) was because the rest of the world was booming and it could sell to the rest of the world

So unless we're going to start selling to Mars or Jupiter we're going to see massive price and wage deflation!!

[whittonmatt]

yeah!! whats with the moving camera?????

get me a paper bag!!

[roeschuxxx]

It's just for one purpose: "lookie lookie we got a new technical gadget, look what we can do with all that technology, uh uh"

[Nainara3]

Stop moving the camera around that monitor. I'm getting motion sickness...

[automaticAEV]

I hope the economy crashes so i dont have to work anymore.

[r32faisal]

if the economy crashes, you might have to work for the first time in your life

[marky1333]

Faber was predicting hyper inflation now . now he's say 1,2,3 years hmmm

[peacespeech]

When exactly "Faber was predicting hyper inflation"?

[surfer1104]

3 to 5 years. By that time we will be looking at a new currency creation for the US. Did you know the US went bankrupt in every century?

[automaticAEV]

Did you know the US went bankrupt in every century? <<

unlikely concidering most scientist think the universe is 15billion years old and the usa is about 200 some years.

[dioxide101]

When it happens is irrelevant, no FIAT currency has ever survived by being devaluated, which is happening though the "governments" printing presses. Hyper-inflation can be best observed in the Weimar Republic during 1930's.

[marky1333]

The dollar is not being devalued! the purchasing power of the Dollar is increasing. Dollar deletion is out stripping dollar creation by almost 10 to 1?? The amount of money the fed can print is limited! if it prints too much it will collapse the T-Bond market you'll have 20%-30% interest rates(easily) 1000's of companies and hundreds of millions of people would be unable to roll over short term debt and go bankrupt.This would suck 100's of trillions of dollars out of the system in weeks.

[almetcalf]

Well, they are printing too much. i am trying to follow your logic, but if we had 20--30% interest that WOULD be massive inflation. However, I think you might be right about this blackhole that is sucking up money. but the money it is sucking up is thin air money. So how does that figure into all of this.

[marky1333]

The worldwide debt is almost $2 Quadrillion its deleting at an unbeleiveable rate.

The notion that we are going to see hyper-inflation is ludicrous, absolutely ridiculous.

[everst]

thanks for this video! i check every day for new videos of schiff rogers keiser faber and roubini. this information is priceless!

[JRCrowley]

This interviewer is stupid. Stupid.

[fuzzywzhe]

> This interviewer is stupid. Stupid.

Of course. It's CNBC.

And what is with the camera constantly moving around pointing at a monitor? Oh yeah, morons run this station..

[FongoBongo]

don't pay attention to CNBC visuals or the interviewer, listen to what is being said by Marc Faber - its time you get your hands on precious metals.

[fuzzywzhe]

> don't pay attention to CNBC visuals or the

> interviewer, listen to what is being said by

> Marc Faber - its time you get your hands on

> precious metals.

I did that years ago.

I won't buy at this level, and I won't sell either.

[ItalicBold]

Geez that introduction was just rude...

[disciple90633]

how many times do these idiots on cnbc need Faber to repeat that he is most bullish on precious metals?

There will be no deflation, idiots. We are headed for HUGE inflation in 2-5 years.

When will the brainwashed mainstream media get it through their heads?

[peacespeech]

There is "deflation" going on (if you define deflation by decrease of prices), for example oil, stocks, most commodities are still goin down.

But if you define "deflation" by decrease in money supply - then you're right, we have massive monetary inflation going on..

[mongobobo]

Buy stocks tomorrow!

GLD, DGP, SLV, AEM, FCX, TBT and others. We will see a good 4 month rally that could send the S&P over 1,000 and the DOW over 10k. Obama's stimulus plus the approval of a 'Bad' Bank to buy worthless paper are going forward. In April or May sell all assests and go short all sectors and long the dollar.

[Go12Go]

let me say again, the Camera work shows how INSANE CNBC really is..

[chelle099]

so true!

[eyewitness043]

Constantly shifting the focus.

[Go12Go]

holy cow, that camera work is annoying..

CNBC is the most lame channel

[sportsfreundberlin]

is it even faber they've got on that screen?

[ArmedMichigander]

I don't think that's his photo.

[peacespeech]

it is his photo, however it is old a few years

[dbztiki]

Thanx for posting

[NicNasty1981]

lol reading everyones comments i missed the crazy camera man. i was playing freecell avd listening.

Also this was a good video. Im gonna favorite this and come back later to take some notes :)

[BlueSkies360]

Faber has been very accurate for short term moves. He predicted the fall of Chinese and HK stock markets and commodities perfectly. Rogers and Schiff provides good long term forcasts. Schiff injects plenty of adrenaline into common folk to actually do something about their situation

P.S. Faber here was very good in noticing that the P/E ratios are so low in Asia and still relatively high in US. Dust may have already settled in Asia.. Pick up your bargains, IMHO

[prickett233]

lol, the camera man is on the piss!

[dogatron]

I'm guessing the director thinks people are too dumb and ADD to concentrate for more than 5 seconds on a still image of Faber, hence the rollercoaster ride our eyes were just taken on.

[becauseicare2]

Tell the cameraman with adhd to stop moving the freakin camera!!!!!!!!!!!!!

[peacespeech]

lol

[olecodjur]

Was the CNBS graphic of Farber done on a ship? I got sea sick watching this.

[mattyqwerty2]

all this points to a depression