Marc Faber: Bloomberg Interview May 25, 2010 Part 2
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All Comments (29)
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@demirparcasi i can counter that easily and use your very same examples
1. government feed monopolies, not stop, by giving out "special" deals and contracts which happen all the time and distort the market
2. governments have fraud, misinformation, and corrupt practices. history of mankind has shown this
3. governments are shortsighted. you have politicians whose only objective is to get reelected and will do anything for that. look at all this stimulus regardless of long term harm of it.
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@aviomaster to use broad generalizations like that and to assume all american people are like that just adds to problems. instead of pinpointing the actual guilty party, you paint a whole demographic of people as guilty???
with comments like that you are no different than the people whom your comment accurately describes
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no you could never have them running our countries.
1) they would not accept the money.
2) We would not vote for them.
We can not vote for the reality.
We vote for the / our dreams.
Peter
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"So it is like one U?" No!...
"So we will just have lower growth?" No!...
Around 2.17 after MF talks about Gold, the guy goes: So lets talk about Sovereign debt potential defaulters..."Canadian? Norwegian?" Is this guy on planet Earth? really- what a plank! (clown) Both of those countries are about 50 times stronger economies than USA... But let's not consider USA's massive debts shall we MSM Muppets!
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If you like his views you will love my music videos Dontcha Know and What About US. Wake everyone up. Spread the word.
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Best line at 4:23 - "I've been drunk so many times in my life to know that the best way to prevent a hangover is to keep on drinking, so you just drink and drink and drink until you eventually collapse."
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Arrogant American sizofrenic imbeciles ... I am glad you are going broke
I hope somone bombs YOU ...
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@gwohlproductions "What must be limits of goverments?" is an important question and it is closely related with the question how efficient (or corrupted) the goverment is. I don't want to give even military, police and courts to a corrupted goverment. On the contrary an efficient and farsighted goverment can have much more than that.
Now the problem of the world is financial anarchy. Wallstreet kidnapped economy and institutions and blackmail goverments and people.
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@demirparcasi Yes, an anarchist society would be just as ineffective at promoting a strong, dependable economy as a socialistic one. Government needs to be there to protect individual rights; otherwise, you don't have a free market, but an anarchy market. Without the protection of individual rights, no individual can be guaranteed the protection of contractual obligation, or the physical safety of their assets. A government must have courts, police, and a military, but THAT'S IT!
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@kardentyrell My view: Financial world like life is extremly complex and caotic. I don't think there is a single simple answer to all questions. Questions like which goverment is better, how much goverment involment is needed etc must be discussed, but I don't think that no goverment is an right answer. It means anarchy. Anyone can see many reasons and examples showing importance and benefits of good govermorship.
@skazhiprivet Peter Schiff is running for senate and he needs contributions!
Alexharcourt 1 year ago 12
marc faber is smart and fun to listen to. if only we had people like him and jim rogers running our countries!!!
skazhiprivet 1 year ago 9