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.
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."
Oh yeah, tax the rich, drive them out of this country leaving only the poor. Yeah, that will really solve the problem.
Airmanf7 3 weeks ago
this guy predicted L before it happened. he and his scary swiss laugh are already in Thailand however, so the problems are not his....lol.
thepixieful 3 months ago
@CaptainZuluGamma hey Capt. I know this stuff reads like Sci-Fi...and in fact it is among some of the most off the chain material ever published ...You should also know that to understand a lot of that which I speak people need a dam good understanding of scripture {[ WHICH i do have }} and also a need to understand a need to interpolate pictographs and [[ ideogram that conveys its meaning through its pictorial resemblance ]]
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Please go to my channel & see this in real life terms ...thanks
HoodwinkedbyanAngel 4 months ago
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I thought you were a goldfish but your not so bad.
I will take you more seriously now.
CaptainZuluGamma 4 months ago
@CaptainZuluGamma So you see the invisible too.? Thank God there are others like us ...
HoodwinkedbyanAngel 4 months ago
@HoodwinkedbyanAngel Stay on your meds invisible people will get you if you dont!
CaptainZuluGamma 4 months ago
Am I the smartest person on earth would just the most observant… because for the last 85 years & until I announced to the world that there is a pictographs of {{{ THE ARK OF THE COVENANT }}} transposed as {{{ THE ENTIRE GREEN SIDE }}} of the [ ONE DOLLAR BILL ].
October 23, 2011 I have a video playing on my channel that proves the above statement and I challenge any so-called scholar or theologian on earth to prove me wrong.
Proving U have been {{{ Hoodwinked by an Angel }
HoodwinkedbyanAngel 4 months ago
More taxes are not the solution. More taxes only lead to more government and in a short time less overall government revenue will be brought in by their burden on business. Unbelievable some might think Faber has liberal views. He is obliviously a true capitalists. Go back to wall street and blame the bankers and corporations and show us how stupid you all are, but know the government has done this to us!
cody2knobe 4 months ago
Folks are wise to heed the warnings of Marc Faber.
EconCat88 4 months ago 2
Faber is a retard, hes been wrong all the time
lppoqql 4 months ago