We're Doomed and Washington Can't Do Anything About It - Marc Faber and Mish Shedlock

Faber and Mish: We're Doomed and Washington Can't Do Anything About It - Yahoo Finance
Mar 12, 2010 12:37pm EST

Washington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike "Mish" Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively.

The economy is NOT recovering, they say, and the U.S. faces a depressing "eventuality" of either crushing deflation (Shedlock) or runaway inflation (Faber). The timing and type of this eventuality is uncertain, say the gurus, but they are certain it's too late for America to change course.

"It's beyond repair -- it's too late," to avert fiscal disaster, Faber declares.

"The day of reckoning has arrived. The question is how long it takes to play out."

This grim outlook doesn't mean you're helpless. Faber recommends individuals prepare for doomsday by buying gold, owning assets abroad and buying property outside of major cities.

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[dlucas90]

Govt. debt is created by a fraudulent process of converting debt(aka thin air) into dollars to begin with, so, if the banks want there air+interest back, we should all fart a trillion farts into plastic bags and give it to the central banks of the world and say "here is your air back plus a little extra something, you could call interest"!

The debts are created from nothing, they should be paid back in nothing. Furthermore, the money to pay back govt. debt. doesn't exist in the money supply.

[enemyartistkristofeR]

I agree, it is too late for the course the U.S. has been on, to recover, and I say that is a good thing. Sure, a lot of people are going to get hurt for a bit and things are going to get rocked. But then we have to emerge in a new Golden Renaissance, led by freedom oriented people, creative and technical minds, educators and great architects of society. We need to move forward. This system is a failure, it is time for a better America, one of We the People.

peace. love. anarchy.

[arcanacelestia]

Obviously he's not wearing a wig.

[packoo]

Mogambo Guru :)

[ristau]

People,

Let's unite under Max Keiser's advice:

"Crash JP Morgan, Buy Silver!", and the rest will come.

.

It is also the best investment you can make.

.

Pass it on.

[slushomatic]

@jobedied Lmao learn what a hyperbole is first then get back to me. Secondly it is obvious you live in a country that limits what you see and hear in the press much like our press thats why it is also obvious that you know jack shit about anything that goes on in the US. CNN, ABC, NBC are all Liberal controled media do I listen to them hell no as they do not even help defend the constitution of the US. Again you are the most bigotted person I have ever had the pleasure of responding to.

[jobedied]

@slushomatic I will not get off my horse because your hyperbole is foolish bullshit American's have their heads in the sand . I go to County Freeholder meetings from a population of 480,000 never more than five or six people attend. From my township council meeting population 8,000 hundred total three or four. People sitting home with heads up CNN,s ass or up Lost's ass. They will drink all the Koolaid the government tells them and you have the discernment of a monkey eating his own feces.

[slushomatic]

Continued......Of you being a biggoted son of a bitch. Get off your high horse and understand that not everyone in the US is like our elected officials moron.

[slushomatic]

@jobedied "The American people are tired of hard times and ready to send their children in mass off to war. American people expect,demand, and pray for war as a vehicle to bring Santa and all his gifts back into the cultural fold." This is what you typed and the part I responded to unless your a total idiot dont even place the US citizens in the same boat as the "elected" officials of our government dipshit. So by you posting the above statement proves my first post...Continued

[jobedied]

@slushomatic I except your insult as the gift of someone who cares about the fate of our nation. But to think that there is not some truth in that over the top hyperbole would be to dismiss the evil that exists in the hierarchy of our government.

[slushomatic]

@jobedied that was the most retarded and bigotted statement I have ever read in my entire life. you sir are a true living example of a duchebag

[Snyder29]

The dollar is a lie - only a matter of time until the world demands the truth.