Marc Faber on Gloom, Boom & Doom Report (Part 2)

Marc Faber talks about strength of dollar lets here from him...

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[jezza1789]

@bweazel He simply said said that the Fed printing money to cove the huge deficits weakens the Dollar, and the ECB weakens the Euro with the bailouts. This cause commodities to rise, sure the misallocation makes them even more bullish but the money printing to cover deficits is the real cause of the rise of commodities. Thats called inflation not exactly like the Romans who devalued their silver coins but in a similar way printing money and buying US treasuries.

[bweazel]

@throwerofturds They were done by the extension of credit, which is entirely different than the printing of money. You all really need to step back and try to figure out what type of economy you are a part of. This is not the Roman times, so please, stop behaving as though it is. No, it does no such thing. Excess credit allows for the misallocation of resources, which causes speculation (which causes the rise in prices, not simply printing money). You are very naive in how you view the economy.

[throwerofturds]

@bweazel

i do not quite understand your comment . are you saying that currencies are getting stronger ? from what i understand QE one and two , and the bailouts of greece and ireland were done by the printing of money . this excess money printing causes the money to be "watered down", this then causes the price rise in commodities . and this is why the good doctor has been pushing commodities

what did you forget ?

[bweazel]

So what he meant to say is: Yes, appreciating currencies are horrible for commodities. Not surprised it took him so long to get the message across. Oh ya, he's been pushing commodities, I forgot.