Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

[chickatawbutt]

Gonzalo Lira, Tom Woods, Peter Schiff, Mark Faber, Gerald Celente, Max Keiser, Jim Rogers, Ron Paul

[dave777blaster]

I have been saying that for more than 3 years now ,it is an obvious observation.

They will reduce it deliberately in an effort to get rid of the debts

When the American people gnash their teeth and beg for food then the North American Union will come.

It will sweep away the flag the constitution and the patriot.

That's the game plan I hope Americans have prepared we are talking about people starving to death if they did not prepare for this.

Canada has the power to lift USA and MExico

[TheBlitz1]

Marc Faber owns dude, I never heard of him till just now, and from listening to him, you can tell hes not a bullshitter Keynesian like most of the people on TV, we need more Austrian business cycle students on TV

[PhuQuangLe111]

if we start to print our own money they'll just contract the money supply

and if we stick to their game they'll just take us for another ride through inflation or deflation and recession to recession.

[jezza1789]

@tuktukktotam if you mean metaphysics and philosophy were man is a creator of his own life and happiness I agree with you.

[jezza1789]

Ill vote for benanke to get the printing metal

[davetileguy]

I say buy things people will allways need and hoard them,such as liquor,maybey steel? copper,metals take energy to make and will allways be in need.

[pgagolf25]

marc faber is talking about whats going to happen in hundreds of years. the business of china and india becoming the most dominant places on earth is a long way ways away.. these are still third world countries

[fuzzywzhe]

@pgagolf25 He's not talking about hundreds of years, he's talking in terms of decades. You need to understand that wealth isn't the ability to borrow money, it's the ability to produce.  The US has already relegated itself to eventual 3rd world status because it's destroyed it's infrastructure.

[tritonrocks]

My prediction - Marc Faber will eventually die. And I'm 100% certain of that!

[BlueTunisia]

"He's a money printer" lol

[tom69z28]

the dollar is done for. i always knew it was fake money. God Bless Marc Faber.

[frankXUANRJ]

Thanks for posting

[get50007]

Dude, whats with all this God talk, you Christians need to get your heads out of the sand. You just hope the end is coming, which is understandable considering heaven is a "better" place, but you are all just chicken shit. When push comes to shove you will be shoved into the dirt. You will be down on your knees. Sorry God might save you in the end, but prayer isn't gonna do a God damn thing until the Messiah comes back. Learn a fucking thing or two besides Christ is gonna save me.

[kreezus]

"He's a money printer" :)

[karlkarlkarl1234]

Buy into tobacco, liquor, Pharmaceutical companies and illicit black-market drugs, the demand for these is surely going to sky-rocket in the next few years.

[tuktukktotam]

See Super rich investing in agriculture :)

poor buying gold but when new currency takes place they will subtract purchasing power of of gold because they deal cards not you :)

Not just that but prices of food will be manipulated so high that people who bought gold will give it back to them for pennies on the dollar :)

I hope you understand . This is the truth .

[Harshjones]

hahaha you stupid cunt.

subtract the purchasing power of gold ? They better get mining !

[karlkarlkarl1234]

I take it you belong to the "doom" camp? You are not alone comrade.

I agree America will go into martial law when their currency becomes worthless and accepting a new one instantly wipes out 60% of their economy in a day or thereabouts.

There has been many ominous signs on the horizon, such as having 2 car accidents in a week, and the new temple to be built in Jerusalem by the Synagogue of Satan, blackbirds flying into windows, totalitarian RFID chips to be put into people. To the mountains.

[tuktukktotam]

mountains not going to save you and microchip is ain't nothing

microchip belongs to physical nature ,Spirit or Soul is not physical

it is totally different property

if u already have mark of the beat in your heart not accepting microchip not going to save u but if u already have been born of God little piece of metal not going to hurt a thing

[lexbvl]

Jesus camp anyone?

[tuktukktotam]

Creator lives in eternity

how is that you tie him up to third dimensional continuum that is not even real but can only be supported by sin ( wrong perception of reality ) Jesus was one with God , so should you

God is not over man God is with a man

[LawyerScumGhost]

This problem is created by the use of fiat currency. The world needs to wake the fuck up and scrutinize their respective Central Banks. Did you know that even Iran has a central bank? Those assholes are everywhere...

[StratenaMatoha]

That a surprise observation isn't it?

They have president, their own currency, central bank, army, religion and much more oil then US.

[LawyerScumGhost]

It should be surprising that a fundamentalist Muslim country has a central bank when their religion forbids usury.

[StratenaMatoha]

Those are just fairytales for mass like justice of democracy in capitalism.

Islamism, Christianism, Capitalism, Fascism need a stupid mass. Actually every -ism need a mass of fools.

[karlkarlkarl1234]

Islamism isn't even a word you stupid American.

[StratenaMatoha]

Islamism is a word.

:-)

Try: en*wikipedia*org/wiki/Islamism

*=.

Even if it wasn't I have brain and brain means invention.

I'm not American BTW.

[karlkarlkarl1234]

No "Islamism" is NOT a word. wiki doesn't mean anything. Consult a dictionary. Neither is "Christianism", and the other stupid words you use. Learn to write proper English.

[StratenaMatoha]

Dictionary is old and not daily updated and real life is not about dictionary :-)

You're an idiot.

[tuktukktotam]

sorry buster it is not my prophecy take it with them , lol

[tuktukktotam]

lol

[ShillFinder21]

By devaluing the dollar the corrupt criminal cabal controlling the US hope to devalue the value of the dollars held by foreign countries..effectively cheating these countries out of the value of their dollars...

Once they had a dollar now they have the equivalent of 12 cents if that...

[tuktukktotam]

According to ancient Mayan economists this will occur when gold hits US$21 million oz on Dec. 21, 2011. At that time it will be announced that gold sells for 90 Ameros per troy oz, and oil will be 6 Ameros per barrel. If you have gold get ready to remove it on time and reinvest in RE

If u fail u will lose enormous purchasing power

[panther9mm]

That makes sense, but when does the end of the world occur?

[tuktukktotam]

just watch gold price skyrocketing

when they will start talking about buying gold on major media it is time to sell it and invest in agriculture or retirement land(lots) in Florida

79 baby boomers will retire in next decade

it is not a joke

I think gold price over $2000 is a good indicator it might even skyrocket much higher

but you might lose momentum

[commonsense2008]

tomorrow at 3:30 PM

[karlkarlkarl1234]

2012, November sometime. Forgotten the exact date. But it seems a long lost planet Nibiru will come near to Earth and cause a magnetic reversal.

[tuktukktotam]

In practice, by 2010, the ratio will reach $100.00 = 30 gold atoms (only visible in electron microscope) as a hard asset. The plan is to make the world dis-enchanted with the USA dollar so the populations willingly embrace the new Amero system without questions or objections.

[panther9mm]

There are other buyers for the debt.

[vimzibaiegh]

Bonds are low because interest rates are at zero. Once imports stop coming into America US dollars will be worthless within the country itself. Yet a dollar still holds value now because of perception of value. The FED could tighten rates now & preserve the perception of value. After all higher interest means more dollars. The problem is once the perception of value is gone, the FED's efforts to tighten will be in vain. Once the dollar hits the tipping point there is no stemming the slide.

[sljs1010]

Inflation is here buy silver

[Nuanceqwest]

That question is irrelevant. All I know is that we are headed for deflation. Banks dont want to lend consumers dont want credit.

Even a 5 year old will tell you that printing money to put in a bank vault means jack squat.

[mrzack888]

i don't appreciate faber bashing the us dollar. where is the patriotism? oh wait, he's not an american.

[Nuanceqwest]

And by the way, I would Buy T-bills, they have been going up.

If there was a demand for credit, surely interest rates would be on the rise, but on the contrary, they are declining.

Consumers and businesses are scared so they will not spend. The stumulus, is not even close to enough to replace the contraction in demand from both households and corporations, not even close.

[danbuck333]

The only people who are saying that it will be deflation are the same ones that had no clue that there was even a problem prior to 08

[Nuanceqwest]

Robert Prechter was spot on throughout the crisis. He even closed his shorts in February in anticipation of a massive stock market rally.

He is bearish once more. Look up Robert Prechter from last year and look at the dates on the videos.

[Nuanceqwest]

In a deflationary environment consumer prices lag asset prices.

To see where consumer prices are going look at where asset prices are going.

It is unfortunate that I have to school you.

[Nuanceqwest]

Wow, your willing to wait 4 - 6 years even when you know that deflation is coming?

[Nuanceqwest]

No, but most people like you are acting like we will have hyper-inflation by Tuesday. We could possibly see inlfation but there will be a massive deflationary cycle first.

If we do get inflation of serious proportions, it will be years/decades away and people holding Gold and Silver could be shaken out by the dramatic drop in price due to deflation. Anyway, so that when inflation (if it does come round) comes you wont even have any Gold or Silver.

[panther9mm]

The people who loaded the boat with silver and gold want immediate price action. Nobody has patience anymore in today's society. The gold bugs complain about printing money, but if monetary policies were tight, and the dollar becomes strong. They will be more angry when they lose money.

[rumco]

Gold bugs buy gold because fiat currencies have no value and can't be trusted. "But if...", exactly, "if" is not good enough.

[vimzibaiegh]

USA policy makers don't care about a zero dollar- only care about houses. There exists an 8,000 credit to BUY a house, nothing for groceries, clothes, health care, rent, food, balance budget, etc. Many Americans agree because they want to INCREASE wealth with their homes. At first the dollar would spend like a dollar in USA. But imports would cease. With little USA production- goods would become scarce- prices skyrocket. Pipes in homes break because no one can pay for heat. No food. Wasteland!

[abdighazi]

if its on bloomberg, then its no secret, its already in the price of gold, which will go lower.

[Nuanceqwest]

IT is not net inflationary when you deficit spend in a global economy, it is just the Chinese and Japanese taking money out of their economy to put into ours. Taking money out of one hand giving it to another.

[Nuanceqwest]

Asset prices are so high that they do not justify the pittance of returns (Rent; Profit; Salaries) they get.

When people realize these incomes do not justify the high price, there will be a rush to liquidate.

You know there is a flaw in your argument, you do not incorporate mass psychology into your calculation. People move in heards till they realise that what .they though that saw, they didnt.

Even if I was on the fence I would still go for deflation as a contrarian play.

[panther9mm]

With interest rates at zero, the value of asset prices are hard to determine.

"When people realize these incomes do not justify the high price, there will be a rush to liquidate."

I think the average american is bad at math, and they will not know it is nescessary to liquidate, and they will eventually go into foreclosure. Not a rush to liquidate, but a forced liquidation.

[melnick1985]

Marc Faber is a God

[Nuanceqwest]

One should always look for a flaw in their analysis if you want to be successful.

You assume that people are going to go out and go gangbusters on a spending spree when they just took it to the streets for a mere 2 trillion dollar stim pack?

I say mere because of the sheer size of the public and private debt exceeds this. Why are bond rates so low if we are headed for inflation?

[Nuanceqwest]

Huge debt = DEFLATION

[30percentplusreturns]

Deflation relative to gold, hyperinflation if measured in dollars!

[roseagain2]

Takes a lot of brains and courage to print money, ha!