Marc Faber: Let the crisis burn itself out 2008.09.23

[kittyprydekissme]

I've never listened to this guy before (although I'm pretty sure I've heard the name somewhere), but he's the only financial expert I've seen on TV in the past year who makes much sense. I've been saying since the beginning that we should let it burn itself out-- it just seems like the obvious thing to do. But it seems Government and self-appointed experts instinctively feel that they always have to 'do something' to fix every problem that comes along.

[Shtove]

Who's the Irish woman?

[boomerangarcher]

then people go bitch about the short sellers.... just love that authentic launguage :)

[7bb7b]

If I have paid for my home, 100%, which by the way, I have, then it really doesn't matter if it drops in value by 30%, for it's still my home. But, if we have these idiots who borrow 125% of the equity, and the price drops 5%0 then yes, the owner has a problem. Rinse, Wash, Repeat....the owner has a problem. Not my problem.

[Kerrisdale90210]

Go out and buy physical gold and silver...do NOT trust the system any longer. Need I explain why?

[elbuggo]

Yes, let them jump!

[Sepero1]

Thank you for posting these vids!!

[AntiBullS]

I loved the drug dealer analogy , perfect way to put it

[rangeyer]

Also, that redhead sure talks a lot but doesn't say much....lol

[rangeyer]

Love Marc Faber. So refreshing to see someone on CNBC that actually tells the truth!!

[Utka9]

straight to the point! He's great...

[NicNasty1981]

AH, the inteview was cut short! It was great to hear him say bitch but lol

[monymizer]

Why the hell doesn't Congress listen to people like Marc Farber, Peter Schiff and people like them? There are enough of them out there screaming about what to do and Congress listens to Paulson? Who has been lying since the beginning. WTF man? WTF? We are in Bizarro World now.

[sugarpuddin88]

The Federal Reserve Bank is owned by private bankers - They owe their duty to their shareholders; not the USA!

It benefits them to get the US economy addicted to free flowing cash; they know they'll always get paid back with interest

That's why they bribed Senators in 1913 to (illegally) create an income tax on unapportioned wages - So they can use that same income tax to guarantee payback

US Constitution specifically forbade allowing anyone but Congress to print money - Thanks Pres Wilson!

[Tasadaru]

Marc said the word "bitch." LOL! Get rid of the fed, period.

[atube1221]

What was wrong with his recommendation?

[mrzack888]

Faber is a Hack. He first told us to buy commodities half a year ago, Then he told us to get out of commodities back in July. Make up your mind gay sounding Ass.

[sugarpuddin88]

Was he speaking about the same commodities both times?

[falcon2154]

If you bought commodities when he said to buy them and sold when he said to sell them you would have made good money. You're just a stupid hick who doesn't belong in the market. Go race pigs or whatever the fuck it is that you rednecks do these days...oh and go fuck your sister.

[mrzack888]

I fuck your mom and sister bitch.

[falcon2154]

You fuck your mom too. Dood, thats too much.

[mrzack888]

hahahha, boy, you so retarded, you can't even read right. What are you thinking about Bitch?