Tuesday, March 2, 2010

Marc Faber advises investors to prepare for a dirty war

Marc Faber

Dr. Doom Warns about a dirty war ?


“The next war will be a dirty war,” he told fund managers: “What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?” Marc Faber was reported as saying last week during a meetup of 700 of the world’s most powerful investors in Tokyo Japan
Source www.globalcrisisnews.com



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, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is 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 is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber buy Gold Dump All paper Currencies

Marc Faber

Marc Faber : Dump paper currencies, buy gold



"All paper currencies will continue to lose their purchasing power as they have over the last 100 years or so," investment guru Marc Faber, told the Financial Times in Hong Kong last week.

"I suggest that people accumulate gold. They shouldn't market-time the Gold Price, because we're going to have volatility...But I will not sell my gold, not for as long as [the current US administration] is structuring fiscal, monetary and foreign policies."

"In the US, I don't think we will have real [positive] interest rates at any time in the next 10 years."

Via Commodityonline

Monday, March 1, 2010

Marc Faber sees a 20% Correction in US stocks and a rebound in Euro

Marc Faber Sees 20% Correction if S&P Reaches New High

March 1 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Erik Schatzker about the outlook for U.S. stocks. Faber, speaking from Hong Kong, also discusses the outlook for the euro and the dollar, and investment strategy.


Friday, February 26, 2010

Marc Faber on Gold China India Japan and The Emerging Markets

Marc Faber Financial Times Interview 23 February 2010


Marc Faber says that he is still a gold bug especially when he sees the faces of Ben Bernanke and Geithner and the way they have been printing money lately , one can only be bullish on gold , Marc Faber expect that Asia will slowdown this year due to a slowdown in China , other resource countries like Australia Brazil will also suffer from the Chinese slowdown , there are today more mobile phones and cars in China than they are in the United States of America Marc Faber explains , China today exports more to other emerging markets than it exports to the developed economies , Marc Faber elaborate on the how he sees India and Japan markets ...


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Thursday, February 25, 2010

Marc Faber : The Government will monetize and try to get rid of the debt through inflation

Marc Faber warns about Partial US Debt Default


In a recent Interview with The Financial Times , Dr. Marc Faber the editor of the Gloom Boom and Doom Report warns about Partial US Debt Default , he says that eventually all paper money will lose value , he also explains that irrational monetary policies means there are assets class bubbles forming somewhere , only we do not know exactly where yet , Marc Faber says that the government before it will default it will monetize , they could do a dirty trick and that's partial default namely not to pay interests to foreigners but continue to pay to local treasury holders , because they are hold by social security and state pension funds and so on and so forth...If they default all together it is a total collapse of the system , so usually governments in this situation what they have done is to monetize and try to get rid of the debt through inflation Dr. Marc Faber explains



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, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is 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 is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Wednesday, February 24, 2010

Marc Faber Ultra Bullish on Gold

Marc Faber on Goldseek Radio 20 February 2010



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, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is 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 is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Tuesday, February 23, 2010

Marc Faber : US Stocks to Fall This Year

Marc Faber Expects U.S. Stocks to Fall This Year | Marc Faber on Bloomberg 22 Feb 2010


Feb. 22 (Bloomberg) -- Marc Faber, the publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Mike Firn about his forecast for U.S. stocks.

Faber, speaking in Tokyo, also discusses Federal Reserve monetary policy, the price of gold, and the outlook for China, India and Japan's economies and equity markets. (Source: Bloomberg)


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Monday, February 22, 2010

Marc Faber on The Financial Sense Newshour with Jim Puplava 20 February 2010

Marc Faber : "As long as we have academics like Larry Summers, Ben Bernanke and Tim Geithner running the economic policies in the United States - as long as you have these people - I will never sell my gold and I continue to recommend people not to be market timers in gold because the market timers in gold... most of them don't own any gold anymore; they already sold it and are always waiting for a deep enough correction to buy it. What people should do is gradually accumulate gold and forget about temporary fluctuations."




Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

What have Marc Faber Jim Rogers and George Soros in Common

Marc Faber and Jim Rogers
What do contrarian investment advisor Marc Faber, billionaire George Soros and super investor Jim Rogers have in common? Well, all of them are bullish on either one or more classes of commodities.

Prices of many commodities, especially metals, energy and bullion have been on an upward trend despite the global financial downturn.

On the Dubai Gold and Commodities Exchange (DGCE), the total trade volume jumped 300 per cent year-on-year to reach 153,747 contracts last month.

Commodities in general are currently being influenced by outside macro-economic factors and not necessarily by supply and demand fundamentals.
Read Full Article>
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Friday, February 19, 2010

Marc Faber : I think to some extent, China is a bubble

Marc Faber

Marc Faber I will be cautious about buying equity now


In an interview dated 19 February 2010 Jitendra Gupta of Business Standard asked Dr. Marc Faber the following questions (amongst others) regarding the so called Chinese Bubble and also how he sees the Indian Economy compared with that of China :

People are divided on whether China is a bubble or not. What are your thoughts?
I think to some extent, China is a bubble. Last year, total loans by Chinese banks increased by a quarter of the country’s gross domestic product. In addition, China has excess capacities across industries. Hence, I expect its economy to slow down considerably.

But, the bigger question is that, will it crash? To that my answer is, yes, that’s also possible. If you look at the economic history of the US from 1800 to 2000, they had lots of ups and downs caused by the financial crisis, Civil War, World War I, the Great Depression, and so on. I think there is a 99 per cent possibility that China will slow down considerably and a 30 per cent chance that it will crash.

If China slows, it will have a devastating impact on industrial commodity prices and on those who supply these.

What is your view on growth in India as compared to China. Which country holds more growth potential?
India’s long-term economic growth should be supported by its tremendously growing population. But, China is expected to slow down after the incredible economic growth it has registered in the last 25 years. Its 10 per cent GDP growth rate is not sustainable in the long run. India is yet to achieve long-set targets and, therefore, has a huge growth potential. For instance, infrastructure has not been put in place. Similarly, unlike China, the consumer market in India is not saturated.


Read Full Interview
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Thursday, February 18, 2010

Marc Faber : China economy to fall down and will take down the US Stock Market

Marc Faber China's Economy to slow down considerably and will drag the US Market down 20%




Dr. Marc Faber editor and publisher of The Gloom, Boom & Doom Report was on CNBC by phone from Thailand this 17 Feb 2010 , he answered questions regarding the China's credit growth and economic slowdown and its implications on the US market : "The issue for 2010 is to what extent China will slow down " says Marc Faber "It certainly will slow down because the loan growth we had last year which was over a trillion dollar and generally actually accelerated to 200 billion dollars , in other words bank loans generally were rising at an annual rate of something like two and half trillion dollar on a GDP that is slightly over 4 trillion dollars , it is not sustainable in the long run and we have a lot of excess capacities in China in different industries and in particular in the real market , so credit growth will slow down and that obviousely will slow down the economy" Marc Faber explained
"I would not buy Chinese stocks here," Faber tells the Fast Money desk

"I would be careful of any asset that benefited greatly from the China boom in 2009 because (their earnings) are not sustainable" Faber added
Marc Faber expects the Dow and S&P “fall 20% from the January highs











Wednesday, February 17, 2010

Marc Faber : India is an exciting investment destination

Marc Faber

Marc Faber Do not Ignore India


Given the country’s size and economic potential, says Marc Faber, investors who either have no exposure to India’s economy and vibrant corporate sector or are massively underweight on Indian stocks should gradually become more involved in this promising country.

Read Article...

Sunday, February 14, 2010

Marc Faber : Ben Bernanke Policies benefited The Emerging Markets but were a Complete disaster for the US

Marc Faber on The Alex Jones 14 February 2010


Alex Jones welcomes dr. Marc Faber , investment analyst and entrepreneur, who publishes the the monthly investment newsletter The Gloom Boom & Doom



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.
Marc Faber is Managing Director of Marc Faber Ltd. | Hong Kong
“A man of the world…the Swiss-born, Hong Kong-based investor and provocateur thinks Uncle Sam’s penchant for printing money will lead to disaster. En route, however, certain Asian stocks, blue-chip techs and bombed-out resources shares just might double or triple. As for Treasuries, short ‘em.” His picks at the January 2009 Barron’s Roundtable: In Singapore – Fraser & Neave, United Overseas Bank, OCBC; in Hong Kong – Swire Pacific, Sun Hung Kai Properties; in Thailand – Bangkok Bank, Glow Energy; In India – Icici Bank, Infosys Technologies. Resource companies – Alcoa, Rio Tinto, BHP Billiton, Companhia Vale do Rio Doce, Freeport-McMoRan Copper & Gold, Xstrata. Tech stocks – Intel, Cisco Systems, Yahoo!, Oracle, Microsoft.
Dr. Marc Faber — An icon in the world of investments, Dr. Faber’s typically controversial and contrarian views have earned him the label of “Dr. Doom.” But even his harshest critics must sheepishly admit that he’s been unerringly correct in his market forecasts over the past three decades.

Thursday, February 11, 2010

Marc Faber : Next World War will be Cyberwar You will better off in the countryside

China's Economy may Crash says Marc Faber Bloomberg Interview of 11 February 2010



Marc Faber Says China's Economy Will Slow, Hurt Commodities
February 11 (Bloomberg)
Marc Faber, publisher of the "Gloom, Boom & Doom Report," talks with Bloomberg's Bernard Lo about the outlook for China's economy and commodities prices. Faber, speaking in Hong Kong, also discusses the U.S. economy, the debt crisis in Greece and the euro.


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber Not only Greece , All Government will eventually Default on their debt including the US

The Emerging Economies are today much sounder in terms of Debt to GDP ratio than the developed world says Marc Faber



"We are in a correction phase and I expect this correction to go further
" said Marc Faber
In an Interview today live on the phone from Hong Kong with CNBC , Marc Faber editor of the Gloom, Boom & Doom report said that he believes that eventually all government will default on their debt including the US , but with the exception of Singapore which has no debt and huge reserves "In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due," "These unfunded liabilities are so huge that eventually these governments will all have to print money before they default." Marc Faber also said that he is relatively bullish on the stocks but not as much as he is bullish on precious metals..."The emerging economies are today much sounder in terms of debt to GDP than the developed world including the US Western Europe The UK and so forth so I think the problem will be really in the develloped world..."...
how Europe is handling the Greece situation, with Jon Levy, Eurasia Group and Marc Faber, Gloom, Boom & Doom Report



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Wednesday, February 10, 2010

Marc Faber vs. Timothy Geithner on U.S. AAA Credit Rating

Marc Faber, publisher of the Gloom, Boom & Doom Report said Treasuries would carry high-yield, high-risk ratings if the U.S. were a corporation. Faber, speaking on Bloomberg Television by telephone from Cambodia, said yesterday he takes issue with Treasury Secretary Timothy F. Geithner’s view that the U.S. will “never” lose its top-level debt rating. Geithner made his comment on ABC News on Feb. 7.
“I don’t think that anyone looks at the U.S. as the gold standard,” Marc Faber said.
Source Bloomberg

Treasury Secretary Timothy Geithner told ABC That U.S. Will Never Lose It's AAA Credit Rating



Marc Faber to Bloomberg U.S. Would Be Rated Junk if it was a Corporation



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Monday, February 8, 2010

Marc Faber The US has Reached its Zero Hour

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber publisher of the Gloom Boom and Doom Report on the phone From Cambodia was interviewed by Bloomberg Television today 08 February 2010 : "If you add all the unfunded liabilities the US has in terms of future liabilities rising from medicare medicaid and social security then obviously if The US was a corporation it wouldn't be a Triple A but it would have bonds that are junk rated " says Dr. Marc Faber , "you would have asked yourself what the Federal Reserve were smoking because as they increased interest rates credit growth actually accelerated , so something had to be wrong ..." Dr. Marc Faber added

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Sunday, February 7, 2010

Marc Faber : The American Government looks after the Interests of Wall Street at the expense of the ordinary people

Marc Faber and Jim Rogers speak with the dutch VPRO TV about the economic crisis and how the American government rather than bailing out the people bails out the same bankers who created the crisis in the first place , the system should have been left cleansing itself by letting the big banks fail both the investment gurus Marc Faber and Jim Rogers seem to agree


Friday, February 5, 2010

America will go Bankrupt and will go to war Marc Faber from Moscow Russia

Marc Faber on US Bubble, 'worthless' dollar & Gold 'the Savior'

Marc Faber Says sure there are bubbles in China , but I prefer china's bubbles than the bubbles in the USA which will never going to be paid except with devalued dollars , "when i look at Obama Ben Bernanke and Gheithner one thing i will never do is to sell my Gold that's for sure " Faber says that sure we have corrections in the gold price , we already had 10% correction and we may have more corrections down the road , but at the speed the FED is printing money there is no other savior but GOLD....All the world will eventually go bankrupt except probably in the emerging economies......India Russia and China have no interests that the USA will succeed in Afghanistan so the war will go on and eventually will expand and when war breaks out the sky is the limit for commodity prices...we can go back to the gold standard but we have to revalue the gold price to something like one million dollar an ounce ...regarding oil Dr. Marc Faber says that to find a gallon of oil $50 dollars are needed , Faber pointed out that the gallon of oil is still a lot cheaper than a gallon of say Coca Cola , so which one is actually expensive and which one is cheap ?!?!
Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesn't give America much time before it goes bust.






America will go Bankrupt and will go to war Marc Faber from Moscow Russia

Wednesday, February 3, 2010

Marc Faber on Russian corporate bond yields at The Troika Dialog Russia Forum Moscow 03 February 2010

China and India will continue to grow despite the bubbles concerns says Marc Faber


Marc Faber, publisher of the Gloom, Boom & Doom Report was interviewed by Bloomberg's Ryan Chilcote about Russian corporate bond yields. Speaking at the Troika Dialog Russia Forum in Moscow, Faber also discusses U.S. stocks and the outlook for the Chinese and Indian economies , Marc Faber says that China could be in a bubble or at least some sectors are but he says "so what !" this is not going to stop it from growing , USA too was in a bubble had tghree wars the civil war the two world wars and yet the economy kept on growing . Hongkong also had all sorts of bubbles, nothing stopped it from growing , Marc Faber explained , China the same way as India will grow despite of the bubble concerns...

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.