Marc Faber's Outlook For 2010
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Why don't you move to the undeveloped world?
perlaand 1 year ago
Dude we are drowning in debt.
You wake up in the morning its (mortgage debt - yours or the owners); you get in your car (car loan); you drive on the road (public debt) you get to work if you have a job (its corporate debt) you company gets bought out (its merger debt); you get in your car to go home. On the way home you see unemployed people hanging about (public debt for benefits). You get home you trade Gold on margin (private debt).
Debt is good when managed and left controllable.
Nuanceqwest 1 year ago
Maximus, there is more credit/debt issued than there is anything else, that is why we will get a massive USD rally, this rally has much more to go. We're talking parity with the Euro and possibly the Pound at least.
Debt is everywhere even in the Gold that people are going nuts for.
Nuanceqwest 1 year ago
@Nuanceqwest true, but our cash is worthless, we have been outsourcing inflation for decades, our cash is also based on debt. there is a lot more cash than gold and silver put together in the world, much much more, and then there is credit.
maximusTLP 1 year ago
Lingerfoot, there is more credit than cash. So as debt becomes due, the remaining dollars become more valuabe because everyone will be scrambling to get them to pay off their debts.
Nuanceqwest 1 year ago
Why do you think that gold will outperform Gold in 2010? Peace!
Lingerfoot 1 year ago
I love marc faber
fox20012 2 years ago
Swear, as a contrarian, there will be great opportunities in Zimbabwe in the next 5 years. Its been in a depression since the day before the beginning of time.
The USD will assault Gold 2010.
Nuanceqwest 2 years ago 2