Mass media like CNBC tries to hide the truth from public by diverting attention of the viewers or discrediting economists.
Marc Faber discusses with CNBC anchors the severity of the debt of Greece. In it, he mentions that all western governments will default on their debt including the United States. This is when CNBC attempts to discredit Dr Faber.
Furthermore, the ending includes Dr. Fabers reaction to the interview on Freedomain Radio.
Most guys at CNBC are extremely stupid. They don't even understand that when stocks go up and some people get richer others have to loose.
One guy was sometimes good. He got send away I think??
The stock market will go to 1000, maybe to 0 when there's an extreme war. I think it will go to 0 in the US.
Rotschild1957 1 year ago
That 4-eyed nerd got pwned at the end by Faber... awesome!
Knuxes 2 years ago
these are the same pundits that claimed there would be no financial collapse 3 years ago
lonewolf88 2 years ago
@baconified
Dont forget Peter Schiff. Peter Schiff is one of the best economists.
Ron Paul is also really good.
hyylo 2 years ago
Ignore Dr Doom at your peril. Buy gold, dump paper and equities. QE has doomed the system.
baconified 2 years ago