Marc Faber 'We Are in the End Game Part 2

Investment analyst Marc Faber joins radio host Alex Jones to discuss the state of the global economy and what he sees in the future for precious metals, inflation, and commodities.

You Can Open a Free Gold & Silver saving account at: http://preparewithgold.com

Marc Faber: 'We Are in the End Game'
Feb 23, 2011

Posted by Christian @ 10:12 pm

Investment analyst Marc Faber joins radio host Alex Jones to discuss the state of the global economy and what he sees in the future for precious metals, inflation, and commodities.

Part 1:

Part 2:

Faber believes the cost of living increase in the US is much higher than what the government is publishing, and forecasts that standards of living will continue to fall under the present economic policy. He says the stock market is overbought and may experience a 10-15% correction.

Faber predicts QE3 in the future, benefiting the price of gold and silver. He advises investors to gradually accumulate gold each month. "Not to own any gold is to trust the US government, trust that they will ever balance the budget again," Faber comments.

Instead of the US government defaulting on its debt, Faber believes the Fed will continue to print more money. He thinks the euro isn't much better than the US dollar. "The only true currencies that exist today are gold, silver, platinum, and palladium," Faber argues. He advises against the 10 year and 30 year government bonds. Although real estate may go down another 10% in the US, Faber says this may not be a bad time to buy a house or farmland. "This crackup boom will end very badly, but before it ends badly, we'll have money printing, very high inflation, and when everything fails, the US will go to war. They're already in war, but they'll increase it."

Category:

News & Politics

Tags:

• mark faber
• alex jones
• infowars
• glenn beck
• gold
• silver
• fed
• hyperinflation
• inflation

[czechys]

I wish I could be mentored by Marc Faber. Thumbs up if you agree

[vanityrose12]

@czechys i would love for him to just pick me out the way the Duke brothers did Eddie Murphy in Trading Places lol

[doughtymqan]

@czechys check out mises.org for LOTS of good economists.

[qncsc]

i like how Alex Jones gives Marc Faber absolute respect! Faber is such a credible and outstanding person-economist, so it is good to see someone's stature respected.

[markomanius]

@czechys Oh no, don't get me wrong. I think he is one of a kind. He's knowledge and understanding of economics is impeccable, but his narrative skills are just not good for teaching I believe. Not on the radio shows anyways. And I think it's a shame he doesn't make proposition models that are thorough. He doesn't give his listeners/viewers "how things could work, what's the alternative" with in depth analysis. That's what I would like to hear. Does anyone have a link to this kind of interviews?

[czechys]

@markomanius Each to their own I suppose, maybe you should listen to Gerald Celente instead? Do you have names of other economists that interest you?

[markomanius]

@czechys I don't know man... he talks so slowly and uniformly... I'd fall a sleep, regardless of how interesting the topic is. 'd like to know things and understand them the way he does, but man he's so so boring speaker.

[Lockemeister]

@czechys I wish he was my daddy.

[throwerofturds]

its a pleasure to listen to alex instead of those morons at cnn and cnbc . he asks a question and then listens .

[cetnik03]

@czechys yes oh my god that be incredible i would be so wise would learn so much