Marc Faber on Dubai debt crisis : What we see is the tip of the iceberg

Faber Sees Extremely Limited Upside for U.S. Bonds

Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg\'s Deirdre Bolton and Erik Schatzker about the outlook for U.S. Treasury bonds. Faber, speaking from Prague, also discusses Dubai World\'s debt and the possibility of government defaults, including the U.S. (Source: Bloomberg)(Source: Bloomberg)

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The Collapse of America by excessive debt and hyperinflation - Gerald Celente, Marc Faber

Our National debt is a ticking time bomb and as we continue to borrow at record amounts and entitlement programs fail to pay for themselves, interest rates - once they begin to rise will eat more and more of tax receipts until we can no longer provide promised services and benifits. Our Economy will crash as the government defaults on its debt payments and social order will collapse.





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Marc Faber predicts WW3

Marc Faber sees big financial bust leading to war

BusinessIntelligence Middle East
November 25, 2009
Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to continued stimulus.
Speaking at a conference in Singapore on Wednesday, Faber said: “The crisis has not solved anything. On the contrary there is less transparency today than there was before. The government’s balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued”.
“I think eventually there will be a big bust and then the whole credit expansion will come to an end,” Faber added.
“Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to stimulus”.
In one of his Gloomiest predictions, Faber, referred to as Dr Doom, said “the average family will be hurt by that, and then in order to distract the attention of the people, the governments will go to war”.
“People ask me against whom? Well, they will invent an enemy,” Faber said.
Via Infowars.com >>>>
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Marc Faber Gold will never fall bellow $1000/oz again

In an interview with MoneyControl Marc Faber explained in details what he thinks about the gold prices and where he sees them heading after the controversy that was raised few days ago when some thought that he was contradicting himself when in a 2 days distance he declared that gold prices may go bellow $800 and that Gold will never go bellow $100/oz today he explains himself more in details...
Marc FAber"I am not so sure there's a huge dollar carry trade. What happens is that worldwide because interest rates are at zero percent institutions as well as individuals borrow money and they go and speculate. The dollar carry trade is frequently misunderstood in the sense that there are big short positions in the dollars. But one shouldn't over estimate the short positions in dollars because the world is basically awash in the dollars."

There are too many dollars floating around from the American current account deficit that reached USD 800 billion annually and total international reserves in the hands of central banks now are USD 7.7 trillion. That is the dollar overhang and to some extent some people want to hedge their dollar exposure and then they sell dollars and buy foreign currencies and of course also precious metals including gold, silver, platinum, palladium.

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Marc Faber Sky is the only limit for gold price

Nov. 18 (Bloomberg) -- Marc Faber, investor and publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Susan Li about the outlook for gold prices and his investment strategy. Faber, speaking in Singapore, also discusses Asian banks and rates the success of U.S. President Barack Obama's trip to China.

Marc Faber Bloomberg Interview 18 November 2009
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Gold could go bellow $800 says Marc Faber

In an Interview with Business Intelligence Middle East Marc Faber said that he has short term concerns about commodities,and that gold may drop to US$800 :
Faber also said that he is more negative about US bonds under a further deterioration of the economy than under a recovery, adding that 'inevitable' further economic weakness 'will lead to further fiscal stimulus packages and necessitate further money printing'.
"I would regard a failure to hold above the “upside breakout points” in the period directly ahead with great caution. In the case of gold a decline below US$1,000 would likely lead to further more meaningful weakness, possibly down to between US$800 and US$900," Faber added.
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Marc Faber : Gold will never go to $1,000 again

Speaking at a conference in London this week, Marc Faber said:

“We will not see less than the $1,000 level again. Central banks are all the same. They are printers. Gold maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.”

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Gold Price Won’t Drop Below $1,000 an Ounce Again, Faber Says

Nov. 11 (Bloomberg) -- Gold won’t fall below $1,000 an ounce again after rising 27 percent this year to a record as central banks print money to help fund budget deficits, said Marc Faber, publisher of the Gloom, Boom & Doom report.
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Marc Faber on BNN, Market Morning s Pat Bolland Nov 6, 2009

Market Morning's Pat Bolland is joined by special guest host Marc Faber, editor and publisher, "The Gloom, Boom, & Doom Report"

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Marc Faber has short term concerns about commodities, says gold may drop to US$800

"I should also mention some concerns (for now of short-term nature) I have about commodity prices including gold. A large number of commodities including oil, the CRB Index, and gold broke out on the upside in early October," Marc Faber said.

"I would regard a failure to hold above the “upside breakout points” in the period directly ahead with great caution. In the case of gold a decline below US$1,000 would likely lead to further more meaningful weakness, possibly down to between US$800 and US$900," Faber added.
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Bonds are bad, says Marc Faber FT Alphaville

Marc Faber Dr Doom :"Since we had in 2008 the third best annual return (41%) in the last 35 years and since each time high returns were followed by negative returns I would be — regardless of the economic outlook — very reluctant to invest in long term government and also in corporate bonds. In fact, on a further deterioration in economic activity and amidst severe deflationary pressures (as postulated by the deflationists) I would be even more negative about US government bonds than under an economic recovery scenario. Why? Because further economic weakness (inevitable in my opinion) will lead to further fiscal stimulus packages and necessitate further money printing."

"I should also mention some concerns (for now of short-term nature) I have about commodity prices including gold. A large number of commodities including oil, the CRB Index, and gold broke out on the upside in early October. I would regard a failure to hold above the “upside breakout points” in the period directly ahead with great caution. In the case of gold a decline below $1000 would likely lead to further more meaningful weakness (possibly down to between $800 and $900)."
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Gold, Equities,credit, inflation, Bonds And The US Dollar

Money printing, debt growth and deficits don't create prosperity, says Marc Faber

“I believe next year’s economy will face even larger deficits. Their deficit is attempting to stimulate credit growth. Unless real credit growth returns, they will have to put more and more money into the system to maintain the status quo. All polices target consumption. That is a mistake,” Faber says.
"In the period, 2001 -2007, the Fed managed to do something that had never before been done - create a worldwide bubble in just about everything. Stocks, bonds, art, oil, housing - you name it; it went up. The only thing that didn't go up was the dollar," Faber said.
"Bubbles had been localized in the past," Faber explained. "A bubble in one area drew investment from another area. In one market, prices soared. In another they slumped. Overall, things didn't change much."
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Marc Faber Says Gold May Drop to $800

Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said he has some short-term concerns about commodity prices including gold. He is also reluctant to invest in bonds.
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Marc Faber I only trust Physical gold outside the US no ETFs or derivatives

Marc Faber I only trust Physical gold , and the dollar rally Bloomberg Nov 02

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Marc Faber and Jim Rogers on the US Dollar Bloomberg

Faber, Roach, Rogers, Clarida's Own Words on Dollar

(Bloomberg) -- Marc Faber, publisher of the Gloom Boom & Doom Report, and Jim Rogers, chairman of Singapore-based Rogers Holdings, talk about the outlook for the U.S. dollar. This report also includes comments from Calyon's Mitul Kotecha, Delta Global Advisors' Michael Pento, U.S. Treasury Secretary Timothy Geithner, Pacific Investment Management Co.'s Richard Clarida and Morgan Stanley Asia's Stephen Roach.

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Thai stocks dive nearly 5% amid concerns for king

Thai stocks slumped 4.69 percent Thursday amid concerns over King Bhumibol Adulyadej's health, and despite assurances from the palace that the 81-year-old's condition was "good".

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Marc Faber Says Wheat Prices May Jump

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Marc Faber Cash and Bonds the worst investments, Oct 23, 2009

Dr Marc Faber, editor of the Gloom Boom Doom Report on Frisby's Bulls and Bears. He says The two worst investments are bonds and cash. I would accumulate equities on weakness.

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Gold a Bargain Compared to S&P500 Marc Faber

"Some pundits will argue that precious metals are expensive, but this isn’t my view. Why would anyone not own some gold, rather than US dollars, when interest rates are near zero? Dollars can and will be printed en masse, whereas the supply of precious metals is extremely limited." Said Marc Faber

"…returning to the argument that gold is expensive, it would appear that it is actually still a bargain compared to the S&P 500. At present, gold sells at about the same level as the S&P 500, but if I am right about the size of future US fiscal deficits and about the Fed neglecting to protect the purchasing power of the US dollar, I could envision a time when gold will sell for at least two or three times the value of the S&P 500. Also, if an investor were convinced that equities will do better than gold, he should consider investing in a basket of gold and silver shares, which are relatively depressed compared to the price of gold." he added
If gold, for example, were to escalate considerably in price (i.e. to $2,000, $3,000, or even more) in the next few years it would have a significantly positive impact on the profitability of the companies who mine it and the royalty companies that buy it from marginal producers. For example, with gold priced at $1,000/oz., and the cost of production at perhaps $600/oz. the gross profit margin of gold mining companies would be 40.0%. If 2 years from now, however, gold were to increase to $2,000 and the cost of production were to increase by only 20% to $720/oz. then the mining companies’ gross profit margins would have gone up from $400/oz. to $1280/oz. or 220%..."

Faber The Report on US GDP Growth Was Actually Horrible

Source CNBC :
U.S. third-quarter GDP data was "horrible" and investors will soon realize that it wasn't as good as they initially thought, Marc Faber, publisher of the Gloom, Doom and Boom Report, told CNBC.com.

CNBC.com

"I wouldn’t rely on the GDP figures and I think the market will actually realize that they were quite poor," Faber said.

The figures, which pleased investors by beating analysts' consensus expectations Thursday, didn't give positive signs for personal income and unemployment, Faber pointed out.

U.S. gross domestic product grew at 3.5 percent on an annualized basis, showing that the economy was, at least unofficially, out of its longest recession since the great depression. But Faber told CNBC.com that the figures were not always reliable. "I wouldn't rely on GDP figures, you can manipulate them," he said
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Dr Marc Faber author of the Gloom Boom and Doom is an international investor well known for his contrarian investment approach. He is also associated with a variety of funds including the Iconoclastic International Fund, The Overlook Partners’ Fund, The Income Partners Global Strategy Fund, The India Capital Fund, Matterhorn Ventures, Winstar India Investment Company Limited, The China Mantou Fund, Sofaer Capital Inc, Peach Office Products, Ivanhoe Mines Limited, Equity Partners Limited and Muse Global Partners LP

Marc Faber Chooses Gold vs US Dollar

“Some pundits will argue that precious metals are expensive, but this isn’t my view. Why would anyone not own some gold, rather than US dollars, when interest rates are near zero? Dollars can and will be printed en masse, whereas the supply of precious metals is extremely limited.”

Dr Marc Faber author of the Gloom Boom and Doom is an international investor well known for his contrarian investment approach. He is also associated with a variety of funds including the Iconoclastic International Fund, The Overlook Partners’ Fund, The Income Partners Global Strategy Fund, The India Capital Fund, Matterhorn Ventures, Winstar India Investment Company Limited, The China Mantou Fund, Sofaer Capital Inc, Peach Office Products, Ivanhoe Mines Limited, Equity Partners Limited and Muse Global Partners LP

The Collapse is now inevitable Marc Faber

Capitalism has been the engine driving America and the global economies for over two centuries. Faber predicts its collapse will trigger global "wars, massive government-debt defaults, and the impoverishment of large segments of Western society." Faber knows that capitalism is not working, capitalism has peaked, and the collapse of capitalism is "inevitable."

When? He hesitates: "But what I don't know is whether this final collapse, which is inevitable, will occur tomorrow, or in five or 10 years, and whether it will occur with the Dow at 100,000 and gold at $50,000 per ounce or even confiscated, or with the Dow at 3,000 and gold at $1,000." But the end is inevitable, a historical imperative
Via marketwatch.com

Dr Marc Faber author of the Gloom Boom and Doom is an international investor well known for his contrarian investment approach. He is also associated with a variety of funds including the Iconoclastic International Fund, The Overlook Partners’ Fund, The Income Partners Global Strategy Fund, The India Capital Fund, Matterhorn Ventures, Winstar India Investment Company Limited, The China Mantou Fund, Sofaer Capital Inc, Peach Office Products, Ivanhoe Mines Limited, Equity Partners Limited and Muse Global Partners LP