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Marc Faber about stinking economy 2008.05.19

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Uploaded by on May 23, 2008

Credit crunch just started and it's going to be much worse says Marc Faber on CNBC Europe on 2008.05.19

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  • Farber: "The credit crunch is just starting"

    I agree. It is foolish to believe that the bailout of BSC by the Fed changed everything overnight. It certainly showed a new depth to which the Fed was prepared to stoop to salvage the system, but we are nowhere near the effects of all their credit loosening flowing through into inflation.

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  • The US economy is bad; the European economy is just as bad. China is a bubble. It will burst in five years. The US will burst in 1-2 years. Investing in any currency is bad. The best investment is agriculture land.

  • Marty Armstrong's(imprisoned and suppressed) next big trouble in his wave analysis is 03 2009 and 04 23 2009 acc to Half Past Human report. Global economic doomb. Hope the things discussed by Marc Faber, Celente, HPH , Schiff etc are wrong but big troubling signs are in including Joe Brandt 1937 Visions and Paris Hilton and her and her.==tbc==....

  • O Yea! O Yea! George Bush and the Americans have actually discovered the big 'C' - COMMUNISM! When Ho Chi Minh did what George Bush is doing, in order to feed his people rather that save Freddie May and Freddie Mac, the Christo-Americans Napalmed them all to death. Maybe the Pope, Caesar's Messiah, himself a born Nazi, who justified it, might like to comment on American communism ????

  • Nice of you peacespeech to dig out the precious few gems buried inside the huge stinking manure pile that is the Wall St. propaganda machine known as CNBC! Although CNBC-Europe may be somewhat more reliable than CNBC-US, which is a bad joke, hazardous to investors.

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