(1/2) Marc Faber - Says He'd Favor Industrial Commodities Over Gold 2009-01-06

[jayangli]

this guy talks like a professor,

[earthrooster1717]

we're all F#$%ED

[frost122585]

Faber nailed it.

[ProLansPl]

love his accent...;)

morover he is a very smart man

[BlackNapkins86]

Fucking idiots on TV...I swear. I wish I could bitch slap them.

[EUImperator]

Robert Mugabe in Zimbabwe is a surviver and he is very fit would you say that we should have only Robert Mugabe's around the World? Look Kim on PRK he also is very fit. But then the problem is they are all stupid. I prefer to be fit in brain and my brain say make my Girl happy is when she also makes me happy. Or should I have war with her to show here how fit I am?

[EUImperator]

Fuzzywzhe:

"Darwin is purely based on that which survives to reproduce young and raise that young to survive to reproduce survives."

Answer:

Surviving is not the issue in rational live it has to be happiness. Darwin hates happiness because he was insane. He promotes only irrationality in human mass behavior.

Fuzzywzhe:

"And I own a company and have business partners. Are we socialists?"

Answer:

Fascistic socialists may be but socialists however.

[EUImperator]

The real slavery is forced collectivization but if I decide to socialize with another for getting further this is not unfair practice nor does it mean the survival of the fittest but altruism. And this is than pure Capitalism with success.

[dan020350]

lol should send the whole sec to jail.

[smartcardia]

i love this guy!!

[danegorton]

Why doesnt any body sue to US gov. or the Fed?

[dan020350]

i once thought that u.s. gov't is a constitutional republic that is the people's rule, so how can you sue yourselves?

[fuzzywzhe]

> Why doesnt any body sue to US gov. or the Fed?

First you can't sue the government without permission of the government.

Good luck getting an impartial judge. Nearly everybody in government corrupt, although they don't realize it.

[TadRapidly]

Only one reason for Government intervention: to prolong the life of their phony money scheme and to steal as much as possible from us. That's all, folks.

[grumpone]

Faber is on fire here handing bitch slaps all around the asinine room. It is absolutely disgusting how these "journalists" constantly promote and talk up socialist policies. If this continues the US is heading down the toilet like Europe already has.

[Batavian187]

Europe is not down the toilet.

It's doing just fine fuck you very much.

[retrolives]

Ireland, Spain, Portugal, France, Greece, Austria, Italy are all on their knees economically. The party is over, Europe is already in the sewage piping buddy

[grumpone]

Keep living in dreamland, sheep, I live in Europe and it's one giant totalitarian big nanny state and getting worse by the day.

[Nainara3]

I wish Marc would touch on his views regarding the implications of the worsening geopolitical situation.

[EUImperator]

Although usually I really like Marc Faber but now he said something which I feel is very wrong. His say about Capitalism is an abuse because a real Capitalism is not based on the "survival of the fittest" bust based on Win to Win Deals as the Austrian Economist Peter Schumpeter pointed out onces. He should also know that the former Communistic Sphere was to some degree somewhat another kind of Financial Dictatorship, A Manchester Based Capitalistic System of another kind, without Democracy.

[sgpnc]

Peter Schumpeter, eh? Was that Joseph's dumber brother?

[fuzzywzhe]

> because a real Capitalism is not based on the "survival of the

> fittest" bust based on Win to Win Deals as the Austrian

> Economist Peter Schumpeter pointed out onces

That's ultimately Darwinian as well.

Why do animals form groups like packs, and herds, and flocks, and towns and nations?

Common self interest When you are compelled through force to stay a part of the group, then you're a slave, not an individual working for your own self interest.

And that's the way it's going.

[EUImperator]

Ostarrichi to fuzzywzhe

You have to respect different inclinations

The modern Nation State was found as a tool against the oligarchical exploiting of peoples and should be based on human principles such as the believe in the good of the human. That has nothing to do with Darwinism. Darwin was based on pure egoism and a group of people is always socialism.

[fuzzywzhe]

> Darwin was based on pure egoism

Darwin is purely based on that which survives to reproduce young and raise that young to survive to reproduce survives.

> and a group of people is always socialism.

And I own a company and have business partners. Are we socialists?

People don't understand the basics of evolutionary pressure or what selfishness really is. People work together because they INDIVIDUALLY benefit from the co-operation. It's a non zero sum game.

[EUImperator]

Give people an unconditional welfare state and allow a shareholder to purchase shares when nobody want to buy and later don't blame him because of he got rich that's neither capitalism nor socialism but stupid jealousy. But you cannot expect hail of egoism. People must have a chance to act free but on the other side the also need safety. Give them both. Forget dualism, thats rubbish. There is always a between as the third way.

[fuzzywzhe]

> There is always a between as the third way.

The 3rd way has always meant fascism to me, that's what Hitler called it. Not capitalism, not socialism, but socialized risk, and privatized rewards. The state decided what businesses existed and who survived in business.

I believe in following the system that we always revert to after a collapse. It's always capitalism. TRUE capitalism, not crony capitalism.

[EUImperator]

What you mean was Corporatism which is now seen again it is a form of Nazi-Communism whereby you mix up the bad from two ideologies in favor of an oligarchy

But there was third way called Social Market Economy and it worked 50 years very well in Germany, Austria, Sweden, Switzerland. You can always re frame words if you like but use the real meaning in it and find out the fact that it worked very well and it was based on human principles and happiness in live. No survival of the most stupid

[basiclifej]

What's wrong with American troops on China's western border? just think about what happen in Korea war and vit war!

[madhuradi]

allocation of capital is of prime importance.

govt is taking away money from entrepreneurs and investing in bad technology, so doing wrong in both ways

best thing to do is to recognise profit making entrepreneurs,their patents and spend money on their inventions rather than talking to wallstreet guys who only talk of quarterly performance and their own early retirement.

[sinitskyd]

What's wrong with American troops on China's western border? I really do not get it. They've got Russian troops on their northern border and Japanese troops on their eastern border.

[VegasRage]

Faber didn't exactly say he favored industrial metals over gold, he said industrial metals were oversold and as of today he would buy more industrial metals than gold at the end of his comment he said these are the kinds of things he would do in a rebound.

[buffett1000]

The fact is that never in the history of world economics have cnetral govenrments got away with printing exponential amounts of debt (inflation) without creating hyper inflation. "Bail outs" will ruin the western economies more. The US economy is finished. Any rally now is a bear market rally. BUY PYHSICAL GOLD TO PROTECT YOUR SAVINGS FROM DIMINISHING IN VALUE ALONG WITH ALL OTHER FIAT CURRENCIES! 18% IS THE AVERAGE RATE OF RETURN ANNUALISED RETURN OVER THE LAST 7 YEARS.