1/12/10 Marc Faber on Bloomberg: This Year Will be Much More Difficult

http://GloomBoomDoom.com

Marc Faber discusses the stock market and the economic outlook for 2010.

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[tyoungos]

After this dramatic V-shaped stock market bottom last year, as always, expect the stock market goes sideway, say, for 2010 and 2011 before anything happens in 2012 (The End Time). A period of stock market's stable sideway movement provides an ideal condition for commodities (wheat, soybean, corn, cotton, sugar, coffee, etc) to go up a BIG time in the coming serious price inflation. Well, BIG money is there, but the skills required to make money from trading commodity futures are very high. ☆

[ryanluvsthesamples]

I can't stand the interviewers... All they do is laugh when Faber tells everyone that America's days are numbered. They think he is 'silly.' Stupid MSM.

[justgetsome]

@edthehead1975 ...true but i think your examples are far better than owning gold in times of chaos.

[edthehead1975]

@justgetsome You can't eat guns and bullets either, but they could be very useful in an economic cotastrophe.

[espada9]

Wow people in the media are morons.

Marc Faber understands economic fundamentals.

[florgat91]

Mark Faber has a ponytail

[justgetsome]

Seriously though bro I might just sell the gold and buys cans of tuna or other non-perishables. My reasoning; you can't eat gold. I know you can exchange it for goods but people have to eat first and foremost. Even if it doesn't get that bad I can make a decent profit selling a few cans at a time.

People think I'm way to extreme and this shit will never happen. Tell that to Argentinians, Bolivians, other SA countries and lately Zimbabwe.

The media; keep head down eat grass all is ok.

[MainTightSqueeze]

@justgetsome lol exactly. "Gold Bubble on it's way!" "Markets have taken a correction, rally ahead!"

I hope more people start to get it, otherwise I'm going to have a lot of heads to bash once TSHTF and no one has any money... or food for that matter hahaha

[justgetsome]

I mean I can't even watch CNBC or Fox or Bloomburg anymore. I just get fucking angry. Cheerleaders telling me how things are getting better.

Whatever these so called experts on these show say to do, I do the opposite.

People telling me how stupid I was to buy gold at $750, now a year or so later it's $1100 and change and that's an asset class investment it's not suppose to make 50% in a year.

What does it take for these idiots to get it. Oh and i love the last minute, get drunk!

[MainTightSqueeze]

@justgetsome Neither can they. That's why they get the privilege of reading someone else's words to make six figures. The questions are always leading, the responses are always twisted and turned to fit into their preconceived box.

"I am Ron Burgundy...?" loool

[justgetsome]

I can't fathom how daft the hosts are.

[samthed]

Marc Faber is no dummy. He knows that the jew bankers who are controlling our governments our money and our media are steadily busy stealing like mad,creating a police state and that a war against these tyrannical AntiChrist jews is inevitable and will happen soon!