Saturday, July 11, 2009

A last hurrah for T-bonds Marc faber


A 'last hurrah' for government bonds


Whether March marked a true low for stocks isn't clear, but "the asset market that has the highest probability of having made a secular high is the US long-term government bond market", says Marc Faber in the Gloom Boom and Doom Report.



Full Story:

CLICK HERE FOR ORIGINAL SOURCE

Thursday, July 9, 2009

Even under the Gold Standard you can have Bubbles Marc Faber

Marc Faber Interviewed by McAlvany The case for Inflation or Deflation:


Marc Faber was interviewed by The McAlvany Weekly Commentary on July 8, 2009 the topics discussed are unemployment, deflation, inflation bailout , monetization of the treasuries Goldman Sachs lost software The FED global economics bubbles Greenspan Central banks , The FED new proposed powers and financial markets.
"The Feds are worse than the Mafia" Marc Faber was quoted from last year!!!
Marc Faber says "Well basically there is this debate whether the US will experience, in the next 5 to 10 years, high inflation rates or whether it will go with deflation. I just like to say that both parties may be right. We may first have deflation, and then inflation,so somebody will go and say see I told you so and then 2 , 3 years later he will be wrong it is like If someone said in 1998 the NASDAQ is a bubble so for two years he was wrong but after he was said right on the mark , and sometimes it is difficult to predict these things ""even under the gold standard you can have bubbles " "we had many bubbles in the 19th century when we did not have any inflation at all such as the canal boom , the railroad boom then different real estate boom, but the point is usually when you have a bubble it is a bubble in one sector and at the same time some other sector deflates see the Japanese stock market in 89 was accompanied by deflation in commodity prices which have picked out in 1980"

"what Greenspan and his assistant Ben Bernanke created is a bubble in everything " "I also want to point out that it is a big fallacy to believe that in weak economies you have deflation and in strong economies you have inflation. The opposite is true, because if my country is growing strongly, i can keep money tight and I can have budget deficits which are basically containing price increases across the board. But when the economy is weak like in Latin America after 1981 when the Petro Dollar crisis happened, the response of government is to create fiscal deficits, in other words, they increase government spending. Most of it is usually wasted anyway and at the same time you have easy monetary policies. The two is a recipe for a price increase somewhere in the system."
" Let’s put it this way. I think when you observe markets you have to look for symptoms of developing trends, the markets speak usually…Look at the price of gold. Currencies worldwide have depreciated against s the price of gold. So there has been a loss of purchasing power of the currencies."
"I think what we have to watch very closely is the position of the US dollar. It’s not that the weak US Dollar creates inflation. It’s that inflation creates a weak dollar. And, if you see the dollar weakening considerably, in particular against precious metals or against relatively strong currencies like the Asian currencies. I think that would be a signal that some inflation is coming back into the system."
On the other hand, if the dollar is strong as it was in 2008 - in 2008 all asset prices went down for the exception of US government bonds and the US Dollar. In that case I would say that the threat of inflation is not very high, and that would more or less signal the theory of deflation."...etc...
The following embeded audio file may not work well in Internet Explorer if you do not have the proper encoders installed , It works well on Firefox ...I apologise for the inconvenience , you can always listen to this great interview directly from McAlvany website by Clicking here

Marc Faber on India's Powerfull Rally

Marc Faber on the Indian Market Tuesday, Jul 07, 2009
After the complete sell-off seen in the Indian market after the budget was announced, Tuesday was a day of some stability and a slight bounce back. NDTV speaks to one of the most influential voices in world markets,Dr Marc Faber Editor author and publisher of the Doom Gloom and Boom Report from Thailand to get his perspective on the Indian market

Wednesday, July 8, 2009

Marc Faber recommends Gold and Silver against the Dollar

Marc Faber recommends diversifying from dollar assets
Dr Doom Managing director of Marc Faber Ltd and author and publisher of Gloom Boom and Doom report speaks from Thailand about the global economy the unemployment and the possible dollar crash in the longer term , " it is conceivable that the US prints money but others central banks print even more money , so the dollar will stay strong against very weak currencies like the Zimbabwean dollar but will stay weak against hard assets like gold Silver platinum and palladium " Marc Faber said , The economy is flat on its back now after having falling from a cliff last year , there is not much improvement and not much decline at this point ...




Tuesday, July 7, 2009

Marc Faber confirmed as a keynote speaker at HICAP in Hong Kong this coming October


Marc Faber to Provide Keynote Address HICAP in Hong Kong




Marc Faber, Ph.D., investment advisor, fund manager, and investment broker / dealer, has been confirmed as a keynote speaker at HICAP in Hong Kong. The popular annual event is scheduled to take place October 14-16, 2009, at the InterContinental Hong Kong.

Dr. Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom” report which highlights unusual investment opportunities. Faber is also the author of several books, including “Tomorrow’s Gold – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “Tomorrow’s Gold” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Source

Marc Faber recommends Asian shares commodities and tourism stocks


Marc Faber recommends Asian stocks on Dips


Dr Marc Faber the author and editor of the gloom boom and doom report says investors should buy shares of asian markets including Japan though preferably on dips he more specifically recommends commodities and tourism stocks
Marc Faber recommends Asian stocks on Dips, commodity stocks and tourism stocks. (The Trade)

Tags:
NYSE:VWO NYSE:QID Business Economy Stock Market


Monday, July 6, 2009

Marc Faber Bearish in Markets Optimist in Life


Marc Faber the author and publisher of the gloom Boom and Doom report , he is also one of the leading world investors and forecasters , and despite his bearish forecasts throughout the past few years, he is very optimistic about life. CNBC quotes him regarding the keys to optimism:

"Marc concludes optimism comes from some simple but important principles:

The ability to adapt to change: whether economic, financial, personal or social.
Accept responsibility when things go wrong that are your fault, and don’t blame others.
And take comfort in the dynamism and drive of the human race. Marc points to Asia – where he has lived for several decades and witnessed the transformation of lifestyles."

Source:
Marc Faber on Armageddon

The Only Economy Booming is the Government Sector : Marc Faber

Marc Faber on a Czech TV :

This interview was done around March 2009 I post it for reference purposes , so relax everybody , I understand your frustration we all want to see Marc Faber in main stream media everyday , but this cannot happen ...
Industrial Production of Japan is 45% down , the exporting economies of Asia have been hit very hard ...
equity price home price commercial real estate commodity prices all have collapsed , totally imploded , we are still a long way to see a bottom to the decline , we have falling off the cliff , the only one hiring is the government , most private businesses are down 50% , the only booming economy is the government sector ,

Sunday, July 5, 2009

Duck Tales Inflation Lesson

Duck Tales Inflation Lesson :

An episode of Duck Tales dealing with the negative consequences of inflation.
Inflation happens when the cost of goods and services in the marketplace all go up at once. There are two main types of inflation: Demand-pull inflation, and cost-push inflation. Demand-pull inflation happens when people's incomes rise, but the amount of goods and services in the marketplace remain the same. Because people have more money to spend, they are willing to pay more for goods and services. In other words, the total demand will go up, which will cause prices to rise. Demand-pull inflation instead has been described as "more money chasing the same amount of goods." Cost-push inflation happens when the cost of producing the item goes up. This means that the total supply for an item goes down, and again prices rise. the FED will certainly cause a Hyperinflation like that of Zimbabwe Argentina or Yugoslavia if it continues to flood the market place with paper money printed out of thin air and backed by nothing...
for more information visit www.mises.org
Tags:
ron paul inflation economics freedom liberty federal reserve counterfeit money banking government congress

The only way to keep money at home is to spend it on prostitutes and beer Marc Faber


Quote By Marc Faber
“The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I’ve been doing my part.” June 2008 by Marc Faber

Saturday, July 4, 2009

Moonwalking With Marc Faber


Asian Investor magazine have written recently an article about Marc Faber entitled Moonwalking with Faber By Simon Osborne on July 2nd 2009 where Marc Faber shares his outlook at the AsianInvestor Korea Investment Forum that took place very recently in Seoul South Korea , Marc talks about his general view of the world economy , the hyperinflation the dollar gold and silver the Asian investments opportunities farmlands and even opportunities in health care and in Brazil
Read the article

Friday, July 3, 2009

Marc Faber on The Korea Times Gives Advice To Investors And Traders


Marc Faber Gives Advice To Investors And Traders
Dr Doom , the Well-known investment adviser Marc Faber was in South Korea recently, where he took time out to speak to Lee Hyo-sik of the The Korea Times (South Korea) about his short- and long-term outlook for the global economy and markets,
From the Korea Times :
In this interview with The Korea Times, Marc Faber, better known as Dr. Doom for his negative views on the global economy, said that to hedge against rising inflationary risks, long-term investors should In an interview with The Korea Times, Marc Faber, better known as Dr. Doom for his negative views on the global economy, said that to hedge against rising inflationary risks, long-term investors should buy stocks and gold bars, rather than hold onto cash., rather than hold onto cash.commodities, and currencies.Dr Faber projected the United States will go into hyperinflation similar to that of Zimbabwe,
"The U.S. central bank has structured and introduced policies without considering exponential credit growth and its consequences. I think the Federal Reserve is not independent and has become a mere political apparatus of the U.S. government. Keeping interest rates artificially low and printing money has and will cause an asset bubble,” Dr. Doom said
"People have been encouraged to borrow and speculate on stocks and other assets over the past year because they do not earn anything from putting money into bank deposits due to the record-low interest rate" he said. “It will again create an asset bubble and next time when it bursts, we will not be able to respond to it in the same manner as we can now.”
"The United States will not raise interest rates for many years to come because it needs to pay off its huge debts. With higher interest, its borrowing costs will go up, putting a heavier financial burden on the U.S. government. It means the interest rate will remain low and the U.S. will not be able to narrow fiscal deficits for many years. In turn, too much money in the economy will raise costs of everything, including healthcare and education, giving rise to hyperinflation,” Faber said.
He added that The U.S.-led hyperinflation will spread to the rest of the world, advising investors to put money into inflation-hedging assets, such as stocks and gold bars.
Now, risks are too high, compared to expected returns. Investors should increase their cash positions. I would rather take a long vacation and wait until the market moves either upward or downward. Given a list of unfavorable factors, I bet on a market downturn. It won’t be too late for investors to act after the market sends visible signs of its direction,” he said.
Source The Korea Times

Marc Faber on the Asian Investor Korea Investment Forum.

Marc Faber was on the Asian Investor Investment Forum the past week in Seoul South Korea :
the exploding liquidity and the stimulus package will come at a price and that price is the debasement of the currency if not its total crash and of course a hyperinflation scenario that may hit in between 5 to 10 years from now

Markets may continue to climb, says Marc Faber, but if the dollar in your pocket is going to depreciate, it's a little consolation. In real terms, investment values may move backwards.

Marc Faber believes that the central bankers are moonlighting as money printers, and any man in the Fed who tries to oppose the presses, and put up interest rates to siphon the voluminous liquidity, is going to find himself jobless.

"The Fed's monetary policy has made things more volatile," he pointed out. "Had they not cut rates, financial institutions would have started deleveraging earlier, instead of continuing to build their balance sheets, prompted by the cheaper rates."

US debt to GDP is now at 37% and that doesn't include all its future promises and obligations, which could see it balloon to 600%. With $8 trillion in government debt, Marc Faber is convinced that it is an impossible for that monetary policy to be relaxed.

"Stocks will do better in the next decade, especially in Asia, given dividend yields, but not in real terms against currencies," he says. "If you borrow, then do it in US dollars."

Marc Faber sees opportunities in Asian healthcare, in banks in countries like Thailand (where he resides presently), tourism, and of course gold. On the property side, he recommends buying farmland just like Jim Rogers is saying , and to avoid condos in financial centres

Thursday, July 2, 2009

Marc Faber sees great opportunities in Brazil


Dr Marc Faber, the author of Gloomboomdoom in his report of July 1st said he was very optimistic about Brazil and Latin America in general :
"The world has undergone profound changes over the last twenty to thirty years . places that were unlivable in the seventies and eighties have now become attractive cities and countries to live and to work in and are also attracting large foreign investments . many of my readers ask me where they should move to . i think that there are now a lots of countries including Brazil that offer great opportunities . i should add that Brazil and Latin America have survived the financial crisis relatively well "

Marc Faber predicted the 1987 stock market crash , he was spot on when he predicted last march that stocks will rally and that industrial metals will out perform gold , and that is exactly what happened , Marc Faber managing director and founder of Marc Faber Ltd is also better known as the editor and publisher of the Gloom Boom and Doom Report

Marc Faber Asia is going to be the winner after this crisis and America the loser

Marc Faber this crisis is a tremendous opportunity , Dr Marc Faber talks to SunGard at the Zurich City Day, 17 June 2009 .Asia is going to be the winner after this crisis and America the loser
, the government should let the weak fail and the strong take over this is the real capitalism , there should be no "too big to fails"

Wednesday, July 1, 2009

Hyperinflation and the ultimate collapse of the Dollar

The Ultimate American Dollar Collapse by David McAlvany he presents financial, political and geo-political information to aid investors in developing sound alternatives for their portfolios in uncertain times. Topics of discussion: U.S. Real-Estate Market, China, Middle East and a declining U.S. dollar. Call, 800.525.9556 or email: karis@mcalvany.com for a FREE copy of this enire DVD plus an exclusive Market Report. Or if you would like to listen to exclusive, weekly, economic commentary for FREE by economic expert, David McAlvany, be sure to go to: www.mcalvany.com and register where it says, "McAlvany Weekly Commentary."
Category: News & Politics
Tags:
Inflation Dollar Ron Paul McAlvany ICA Federal Reserve Gold Silver Commodities Money Investment Precious Metals Inves

Tuesday, June 30, 2009

Hyperinflation the Bolivia Case

Hyperinflation in Bolivia :
In the 1980s, Bolivia and much of Latin America went through a painful period of hyperinflation that brought the country to the brink of collapse.
Bolivia one of the poorest countries in Latin America and with the history of 189 military coups Bolivia was also one of the most unstable with a galloping hyperinflation that was destroying the economic base , Bolivia was the seventh highest Inflation in the history of man with a rate of 23,500% , prices increased by the hour , inflation averaged one percent every minute....



Tags:
Bolivia inflation hyper hyperinflation stagnation stagflation hyperstagnation hyperstagflation jorge quiroga gonzalo goni de sanchez juan cariaga jeffery sachs harvard 1980s 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 Latin America financial crisis Public Broadcasting Service PBS collapse Ron Paul international banks lending debt

Marc Faber : The outlook for emerging markets is far more optimistic than for developed economies


The outlook for emerging markets is “far more optimistic” than for developed economies, investor Marc Faber said at a conference in Seoul today 30 June 2009 . Faber also recommended investments in commodities and tourism industries.Marc Faber predicted the 1987 stock market crash , he was spot on when he predicted last march that stocks will rally and that industrial metals will out perform gold , and that is exactly what happened , Marc Faber managing director and founder of Marc Faber Ltd is also better known as the editor and publisher of the Gloom Boom and Doom Report

Monday, June 29, 2009

Marc Faber Favors Gold over Cash and No New Lows in the Stock Market

Dr Doom Marc Faber was today on Bloomberg from Seoul Korea , Marc Faber says he Doesn't See New Stock Market Lows and that he Favors Gold , " what it means for equity market is that we probably and most likely seen a major low on march 16 when The S&P hit 666 , here in Asia most markets actually bottomed out in October November last year , let's say for one reason or the other the S&P which then went to 956 and is now at 920 re drops to 800 , I am sure there gonna be another stimulus package and another massive monetary injection and if that does not help then another one will come when the $&P drops towards 700 I do not think we will see new lows and I also believe that the economic recovery will be disappointing with the government sector expanding as the government sector has already expanded in the last ten years it's basically the government that is creating jobs , private sector is hardly creating any jobs , and that stimulus will be very hard to take away , so I believe the fiscal deficit will not come down next year and in 2011 but actually go up " said Marc Faber before adding " you do not want to be in Cash because obviously when you have ZERO interests rate as you have now on bank deposits and treasury bills you won't earn any money on the other hand you may not lose that much , but basically there is a lot of cash on the side line in treasuries and in deposits that eventually can move to one or the other asset class , it may not move into bonds because obviously the bond market over time will also smell some inflationary pressures and the depreciation in the value of the dollar so where does the money flow ? it can flow into some precious metals like Gold Silver Platinum and may be palladium but obviously it will flow into equities....."

Marc Faber predicted the 1987 stock market crash , he was spot on when he predicted last march that stocks will rally and that industrial metals will out perform gold , and that is exactly what happened , Marc Faber managing director and founder of Marc Faber Ltd is also better known as the editor and publisher of the Gloom Boom and Doom Report

Sunday, June 28, 2009

Germany's 1923 Hyperinflation could happen in USA 2012 ???

Germany 1923 The Hyperinflation and how in happened :

What is Inflation ? what causes hyperinflation ? what were the effects on the German Citizens ?
A teaching resource to support an explanation of the economic process of inflation; how the Weimar Government reacted and how it contributed to the Year of Crisis 1923 :

Saturday, June 27, 2009

Inflation or Deflation?

Inflation or Deflation? No it is Hyperinflation :


INFLATION OR DEFLATION?

By Merle Hazard


As we go through this recession

As farther down we slip

Will our central bank get traction soon, or

Will it lose its grip?


It’s a mini-Great Depression

Our markets went berserk

The Fed is printing trillions now, but

Will their efforts work?


Inflation or deflation?

Tell me, if you can

Will we be Zimbabwe

Or will we be Japan?


Credit markets came undone

And still are in distress

Will the dollars in my mattress

Buy much more next year or less?


It’s a desperate situation

When you’re at the zero bound

If a tree falls in a forest,

Is it making any sound?


New money makes inflation

If folks who have it spend

But if it only sits there,

Then the misery will not end


Inflation or deflation?

The choice is looking grim

I wonder what John Maynard Keynes would say

If we asked him


Inflation or deflation?

Tell me, if you can

Will we be Zimbabwe

Or will we be Japan?

Gold is better than Cash said Marc Faber


in his last interview with moneyshow Dr doom Marc Faber said :
"For sure, gold is better than cash. But the devious thing about inflation, if we define it as money and credit growth, is that it touches different asset prices at different times with different intensity. And so, you can have for one year a huge increase in the price of gold and then the next year you could have a huge increase in the price of real estate and the next you could have an increase in silver or agricultural commodities, and the next year in wages or stock prices. You just don't know exactly which one will do the best. It's a very tricky environment, and it favors large speculators and the people who are close to the government. It shifts wealth from the middle class and workers to rich people, as has happened over the last 25 years."

Thursday, June 25, 2009

Marc Faber I'm investing in equities ,The whole world is in Trouble


Marc Faber editor and publisher of the gloom Boom and Doom Report was interviewed today 25 June by MoneyShow : Marc Faber touched a wide range of topics , In particular the hyperinflation or ( inflation if you like ) the future of America the FED federal Reserve , the recession Mr. Bernanke The Interest rates , The monetary policies and fiscal deficits , Investment in Gold and other precious metals as a hedge against Hyperinflation , he then talks about Asia and the Asian banks Thailand and why he has chosen to live there , why he invests in equities finally he talks about the financial crisis in Europe Japan the Obama administration proposed solutions etc...you can read the whole Interview in here

Tuesday, June 23, 2009

Marc Faber on The Alex Jones Show : Zimbabwe Hyperinflation

Marc Faber on The Alex Jones 23 June 2009
Alex Jones hosts Marc Faber, investment analyst, entrepreneur, and publisher of the renowned Gloom Boom & Doom Report. Faber recently predicted hyperinflation for the U.S. on a scale endured in Zimbabwe and the Weimar Republic.
Alex and Marc Faber talk about hyperinflation the dollar the economy crisis , Obama new plan for the FED and much more ...TAGS are :
alex jones bob chapman glenn beck ignatius piazza marc faber gerald celente jim rogers max keiser geithner swine flu obama bernanke paulson bush economy shultz kissinger rockefeller cnn fox news msnbc cnbc kudlow federal reserve chrystler gm citigroup new world order conspiracy dollar gold silver depression recession inflation hyperinflation

Inflation Hyperinflation the Weimar way said Marc Faber

Marc Faber is warning of a Weimar Hyperinflation hitting the USA very soon if the FED keeps on printing paper money out of thin air , the money supply is increasing dramatically and if foreign investors and governments stop using the dollar as the reserve and trade currency , a Weimar Hyperinflation is very realistic the dollar will be worth less than the paper it is printed on , very dangerous scenarios are to be predicted in these cases , it is either a world scale Third World War which seems very plausible or the total disintegration of the United States of America , the Weimar Hyperinflation created WWII in Europe and the rise of totalitarian regimes the same thing could happen in the United States of America ...Marc Faber warns of hyperinflation any time he has the chance to , others like Ron Paul Peter Schiff are pretty much on the same tone ....
"The inflationism of the currency systems of Europe has proceeded to extraordinary lengths. The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance."

Sunday, June 21, 2009

Marc Faber 's Lecture in Slovenia Ljubljana

Dr Doom Marc Faber's Lecture, October 11, 2008 in Ljubljana Slovenija
Marc Faber, who predicted this bear market along with other prominent economists and investors , gives a fantastic, detailed lecture on the economy, monetary policy, gold, and inflation. Needless to say, he is still a bear. These are must watch videos.
Marc Faber goes in details and explains how the FED created one bubble after the other the dot com bubble them the housing bubble the credit bubble ...with ultra low interest rates which leads to strong monetary growth and in particular in the US to strong debt growth


Tags: economics credit crisis marc faber recession federal reserve gold inflation

Friday, June 19, 2009

Marc Faber Hyperinflation Could Hit US in 5 - 10 Years

Marc Faber , also known as Dr Doom editor and publisher of the Gloom, Boom & Doom Report says : Could Hit US In 5-10 Years
"since the introduction of the federal reserve in 1913 The US Dollar have lost 95 percent of its purchasing power , we already had a lot of inflation and although it took 100 years to the dollar to lose 95% of its value the next 95% in value will be very quickly "
"In every society, when you have large fiscal deficits combined with easy monetary policies … the likelihood that you will have high inflation is very, very high," Faber continued. "And it happens very quickly."he told today to CNBC "It’s a lie what they publish," said Faber. "If you underweigh education costs, and if you underweigh health care costs, then you come to a totally different result."
"In such a volatile market, the safest place to invest is in equities or assets." Faber added

"I'm not very bullish about real estate prices in the U.S., but I'd rather be in real estate than in 30-year U.S. bonds.",from now on I am going to nickname dr Marc Faber , Dr Hyperinflation cause he is the only one amongst top range economists who warns the most about Hyperinflation , I hope you agree with me .














Thursday, June 18, 2009

Jim Rogers and Marc Faber discuss economics

Marc Faber in Jim Rogers Mansion in New York

Jim Rogers hosts Marc Faber and Daniel Jurgen for dinner and discussion at his home. This video is from 2005. The foresight from these experts is incredibly enriching . Having these two men together, giving their perspectives on very key issues is priceless.In December 2007, Jim Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. The giant shift of capital to Asia is complete now. The next victim is the dollar.

Wednesday, June 17, 2009

BRIC calls for less dependency on US Dollar in Trade

Medvedev calls for use of national currencies in trade . Brazil Russia India and China BRIC Heads seek Financial Security Less dependency on US Dollar .The share of sovereign currencies in mutual trade within the Shanghai Cooperation Organization (SCO) should be increased to reduce dependence on international reserve currencies, President Medvedev has said.

Tuesday, June 16, 2009

Marc Faber Bernanke is a “Criminal”, a “Mad Man”, a “Destroyer of Wealth”

In an interview early this month on King World News, Dr Doom PhD economist and author Marc Faber called Ben Bernanke a “mad man”, a “destroyer of wealth”, and a “criminal”.

He also called Geithner a “liar”.

Sunday, June 14, 2009

Marc Faber on the Debt Deficit and Dollar Decline

Dr Marc Faber said in an article he wrote for the dailyreckoning
I really think that the U.S. and other Western governments are doing their very best to impoverish their countries."
I wonder what Dr. Friedman would say 30 years later about our current predicament and the role government is assuming in our lives? The individual’s freedom and ability to choose and take risks to create value are, of course, all important life elements and a cornerstone of our country."
The article is entitled : The Frame of Mind of American Economic Policymakers,

Posted in Debt and Deficit, Dollar Decline, Featured, The Daily Reckoning, In 2 parts :
Read the full article : Part I and Part II

The Fed will print more Money Marc Faber says

If things deteriorate, the Fed will print more money. Mr. Bernanke talked a few years ago about dropping dollars from helicopters to stimulate the economy. It would be wrong not to take this statement seriously because that is the thinking among policymakers in the U.S. It is a disastrous policy but it can really make stocks go up -- commodities, too. Since the lows in December, oil is up more than 100%. A lot of liquidity has flowed into commodities, which is a sign investors are concerned about the value of paper money.

Friday, June 12, 2009

Great Investment Opportunities in South Korea Says Marc Faber

Marc Faber, editor & publisher of The Gloom, Boom & Doom Report says "Now is the time to go into the South Korean market as it will not hit new lows" . there are great investment opportunities there ..it is a leveraged economy ...Dr doom said he came to Asia in 1973 and South Korea was one of the first countries he visited and he later invested in South Korea in the late 70s and he made a lot of money there ...Dr Doom added " I have to say it is a country along with Singapore Taiwan Honk Kong that has developed enormously over the past 30 , 40 years . if you look at the Korean stock market in November as was the case for Taiwan they were at 30 years low , in other words , stock market was no higher than 20 years ago ...when you have a country that has achieved huge progress over that period of time , in my view that we have made in some Asian market major lows and that it won't break below these lows it is possible that here and there we can break these lows , it is possible but particularly in Korea and Taiwan we won't break these lows "in other words would you give your money to Bernanke and Geithner or would you give to Asian business men ? ...in order to start investing in Korea , if you do not know the market you better start by buying an ETF or give your money to a manager who knows the region .,...the problem here is Inflation











Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.