Marc Faber on Hedging the Bernanke Put and QE3 with Gold, Land and Equities!

Follow us @
http://twitter.com/laurenlyster
http://twitter.com/coveringdelta

Welcome to Capital Account. The Fed gave the QE-addicted markets another dose of its stimulus drug today as it announced another securities purchase program. The Fed launched an open-ended program to buy $40 billion in mortgage backed securities each month, a program that will continue until the labor market improves. The Fed also committed to record low interest rates even after the economy strengthens. To what end will the Fed pursue this accommodative stance? In response to this action gold climbed to a six month high. Marc Faber, Gloom Boom and Doom publisher, has said that he will not sell any of his gold as long as people like Ben Bernanke are running the world's central banks. We ask Dr.Faber about his near term outlook for gold, and what he thinks of Ben Bernanke's monetary policy.

Also, an editorial from Xinhua, the official Chinese news agency, warns that massive spending to boost China's economy could be detrimental. How does this effect China's growth or slow down? We ask Marc Faber, founder of Marc Faber limited and author of the book "Tomorrow's Gold," about likelihood of a contraction in China and other Asian economies.

Plus, in today's episode of "Loose Change," Lauren and Demetri discuss the reports of Jon Corzine's meeting with officials from the Department of Justice last week, ten months after MF Global failed.

• Category

  News & Politics

[james kavcic]

Post shit that up dated!

[Pfsif]

Must be, dumb as a rock!

[wcoltd1988]

Lauren Lyster is the best newswoman I have ever seen, she doesn't mess up ever and she knows her stuff.

[Joe11Blue]

She isn't attractive enough to make me horny.

[TWSceptic]

to keep viewer horny so he keep watching

[fliptthescript]

why they keep showign her walking every where

[aviomaster]

U. professor of economics and sociology Zagreb rich are getting richer and this class is shrinking poor are getting poorer and this class is expanding.

WHY trophy properties going up super rich have more CASH to spend. Theory of professor proven.

[aviomaster]

@Don Austin  - THE problem of that system you described is IT gets more and more expensive to sustain you will have to work more for less those who hold dollars will have to buy more dollars. Civilizations which are based on so much paper money are destined to collapse U. professor of economics and sociology Zagreb. DOLLAR printing creates inflation boom in other countries.

[Don ald]

My understanding: They do NOT print money, they are printing DEBT!

1. Our credit (promise to pay) is changed over to the valueless paper dollar bills.

2. Usage fees are attached to the valueless paper dollar bills, creating NEGATIVE value.

3. We work, create the value needed from our time and labor,"injecting" value in the paper dollar debt, so when we mail the paper dollars back to the reserve, THEY WILL CONTAIN VALUE .Can you see?