Marc Faber Lateline Business Interview, August 26, 2009

Marc Faber Lateline Business Interview, August 26, 2009 (Australian Broadcasting Corporation) Reporter: Ali Moore; Dr Marc Faber, one of the world's best known economists, editor of the Gloom Boom and Doom report, and author of Tomorrow's Gold, joins Lateline Business to share his views on whether a global financial recovery is possible.

Category:

News & Politics

Tags:

• Marc
• Faber
• Peter
• Schiff
• Nouriel
• Roubini
• Ron
• Paul
• swine
• flu
• Jim
• Rogers
• US
• Government
• Obama
• Bankrupt
• Global
• Economic
• Collapse
• Treasury
• Bond
• Bubble
• The
• Gloom
• Boom
• and
• Doom
• Report
• 2009
• Alex
• Jones
• Max
• Keiser
• Gerald
• Celente
• Economy
• collapse
• dollar
• crises
• finance
• stock
• market
• wall
• street
• bailout

[kidjake33]

Faber is THE MAN!!!!

[Truthtolder]

Faber is the THE MAN!!!!!

[D33Lux]

"Last time we spoke 5 months ago you said I should buy a farm and a gun, because things are going to get very bad and I assume that because I should become self sufficient."

"Now you need a machine gun" - Marc Faber

[theslimeylimey]

"Is there anything that could possibly derail your pessimistic scenario?"

Faber- errrr no LOL

[bonfirejovi]

@pniemczyk He was pretty definite that there will be a debt crisis within 5 to 10 years.

[jezza1789]

Marc faber is a smart man he know with the govermen bailouts banks stocks would rise. What im wondering is does ben bernake know his bailouts failed like first Bush bailout, and Obamas bigger bailout does he really think for the first time ever goverments can intefere with the markets and suceed or is he just procasinating I wonder what he really thinks

[UrielWN]

@wolfgang0070  US government drives globalization

[UrielWN]

This credit driven system fully supported and triggered by globalization is phony and the system will collapse eventually.

There is no way it can continue, no way .. This is what Marc Faber talks about.

No sociery can survice without producing, no society can survive if it does not produce competitve products. Federal Reserve destroyed US, ECB will destroy Europe they are all money printers at the behest of the same masters. It is going to end badly .. Very badly

[pniemczyk]

I love watching his videos - he's a total riot, esp with his perpetual jabs at Bernanke. However, we should all remember that he's named "Dr. doom" for a reason. He describes an event that is likely, but not probable. Thus, his prognostications may or may not be right.

[drpapa26]

Not gonna happen, as long as Bernanke keeps printing more dollars. But gold is still relatively cheap, considering how high it can go. In a few years, it could be at 3 or 4000 pr. oz.

Once the dollar collapses, gold prices will go to the stratosphere.

[KLguy133]

This is the best Faber I have seen for sometime.

' Trust in the US gov ' ? HOHOHOHO!

Classic.

[justicelevi]

Goldhitting 1000 USD an oz...why did i notlisten to this guy. i was hoping it would go down to 850. Hoping for a massive correction