Marc Faber Dollar will go to value Zero in a maximum of ten years

Marc Faber : Bernanke is a good money printer and we should give him a medal for that

Marc Faber, publisher of the Gloom, Boom & Doom Report, reveals his views on the inflation/deflation, of the US dollar. Marc says, cash and treasury bond will lose and the winners will be foreign currency and commodities. Equities have some power to hedge inflation
“There is this huge debate between the deflationists and the inflationists. The deflationists believe that the DOW will fall to 4,000 and the S&P to 400 and that bonds will rally and that we will have widespread deflation like in the 1930’s. I belong more to the camp that looks more at inflation and deflation from a different perspective in the sense that in every system you can have some prices going down and some prices going up. Say if you have a glut in consumer goods then consumer good prices can go down. But if you print money and have a zero interest rate, then home prices theoretically could go up or if they don’t go up then stock prices can go up or commodities prices can go up. But in any event, your cash purchasing power diminishes over time, like the U.S. dollar [which] is weak. That’s a symptom of inflation…to have deflation in a system you would have to have a strong currency.”says Marc Faber


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.

Face-to face with the bears: Marc Faber and Mish Shedlock the full Interview

Faber and Mish: We're Doomed and Washington Can't Do Anything About It

The Great "Inflation or Deflation?" Debate: Mish vs. Dr. Doom

Marc Faber: Don't Expect Another Crash ... Bernanke Won't Allow it

Marc Faber on Vietnam

"I was recently in Vietnam, a country with an annual GDP per capita of approximately US$300. I was stunned by the sight of what seemed to be millions of motorcycles
crowding the streets of Hanoi, Ho Chi Minh City, and the coastal city of Danang, where five years ago there were very few! This was especially surprising, since there is not yet a consumer credit system in Vietnam "
from the gloom boom and doom report

Marc Faber : bullish on Japan and believes Gold can in general outperform Equities

The two perma-Bears Marc Faber and Mish Shedlock are both bullish on Japan

Marc Faber, editor of the Gloom, Boom and Doom Report. : we had more than 20 years bear market in Japan , and valuations compared to interest rates are low and I really feel that , that is a market that have been totally neglected , ten years ago and twenty years ago people were always rushing to Japanese stocks , now there is practically no interest says Marc Faber , but i like to mention one other point where I disagree with Mish , is that I do not think we will see another 666 on the S&P 500 ever again , if we go down by let's say 10-20% on the S&P 500, our money printer Ben Bernanke will flood the market with liquidity , so what will happen is that the dollar weakens again and thereby driving up stock prices. "I think that gold can in general outperform equities " Marc Faber added

Inflation vs Deflation Debate - Marc Faber vs Mish Shedlock

Marc Faber and Mish Shedlock debate on inflation vs Deflation- The Keynesians will Bankrupt the western world

Mish Shedlock, of SitkaPacific Capital is one of the very few economists to have warned about deflation rather than inflation , Mish debates Marc Faber who have always warned about inflation / hyperinflation : Mish argument is that Credit is contracting, despite Ben Bernanke's trying to expand the money supply , but that money supply is just sitting there as excess reserve on the balance sheets of the banks , unless that money makes its way into the economy we are not going to see inflation I think there is another leg down in housing certainly another leg down in commercial real estate , we have not seen the write offs that are gonna happen with credit cards , lots of defaults coming , and more recently we are seeing something else too : where state budgets are coming out of control where states have to cut back we are seeing it in New Jersey we are seeing it in Kansas we are seeing mayors of various cities proposing to fire all the city workers and hire them back as non union workers , all of that stuff is a deflationary force , but the real point here is that Bernanke can print all that money but unless that money makes it to the real economy we are not going to see inflation " Mish explains
"The money supply is just sitting there as excess reserves on bank balance sheets," Mish says
Marc Faber on the other hand : says that Bernanke also known as 'Helicopter Ben' is good in dropping money on the US economy , he won't do it from a Helicopter but he will do it electronically , there is a biog misconception that when the economy is poor there deflation and when the economy is strong there is inflation it is the opposite says Marc Faber , because when the economy is bad the government pile up this fiscal deficits and they print money , there is a private credit contraction which is offset by a government credit expansion Marc Faber added and they gonna print and print and print and eventually another symptom of inflation besides soaring oil price since December 2008 , soaring equity prices since March 2009 will be rising consumer prices across the board and also all services will become more expensive

Marc Faber : Whole 2010 will be more choppy

Investment Guru Marc Faber, in an exclusive interview to ET Now, said that the whole of the 2010 will be more choppy and he doesn't think that the anywhere in the world March lows will be seen again.

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 and Mish : the collapse of civilization has already begun

Faber and Mish : We are Doomed - US is destined for failure

Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike "Mish" Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively
"I Think It's beyond repair ,it's too late," Says Marc Faber " and the deficit I said this a year ago that the fiscal deficit will stay above a trillion dollars , I think it is likely that it will stay at a much higher level than a trillion dollar for he next ten years " Marc Faber added "The government debt will go up , what will happen is that they will have to monetize it and then eventually interest rates will be much higher than the interest payments on the government debt as a percent of tax revenue will go up substantially and then you are in in disaster , but the government and there I agree with Stiglitz it will not default and say we won't opay , may be they will do that to foreigners , but before they'll do that in my opinion they will just print money " Marc Faber explains
Mish agrees: "but the question is when that matters " he says and what are the deflationary inflationary forces in the meantime....
Marc Faber is convinced that the collapse of civilization has already begun , Marc Faber explains that yesterday at the Chicago airport he was asked for an ID card when he ordered a beer " I certainly do not look less than 20 years old , the message is clear here , you can see here how totally out of control the regulations have become " Marc Faber says
Faber advices to accumulate slowly some gold , own a property outside the major cities , cause the major cities have become very dangerous in terms of modern warfare

Faber suggest investing in land, in commodities such as gold and agricultural products

Faber was the main speaker at the annual dinner Thursday night of the CFA (Chartered Financial Analyst) Society of Madison, at the Sheraton Madison Hotel. About 200 people attended.

Americans are short-sighted if they invest only in U.S. companies, internationally known investment adviser Marc Faber told a Madison audience Thursday.
“Emerging economies are no longer the poor cousins of developed (countries). There has been a huge transfer of wealth ... to emerging economies,” Faber said in an interview.
“If you just focus on the U.S., it’s a huge mistake because the U.S. is no longer that relevant to the global economy,” he said.
“In the U.S., standards of living have certainly not improved over the last 20 years and, in my opinion, have rather gone down for the middle class and for the working class. In inflation-adjusted terms, their incomes haven’t gone up at all,” Faber said.
Read Full Article

Marc Faber Speaker CFA investment conference in the Middle East

CFA Institute to host First Dedicated Investment Conference in the Middle East Region

In collaboration with CFA Bahrain, CFA Institute, the global association of investment professionals, is to host its first investment conference in the Middle East on Tuesday 23 March. It is anticipated that around 200 delegates will attend the 2010 CFA Institute Middle East Investment Conference, taking place in Manama, Kingdom of Bahrain, including portfolio managers, analysts, chief investment officers, chief executive officers, investment advisers, pension plan investment officers and other senior consultants, who’s names regularly appear in Financial Times Magazine.
Building on the international reputation of CFA Institute for providing specialist investment conferences and educational programs, this new conference will attract CFA charterholders and senior investment professionals from across the GCC region, Lebanon, Egypt and Jordan, and from as far afield the USA, Europe and Asia. The event has attracted international and national sponsorships from the Central Bank of Bahrain, Thomson Reuters, Fact Set, Gulf International Bank, The National Bank of Bahrain, McLean Budden, SICO Investment Bank and Morgan International.
Via Dubai Chronicle

Marc Faber on CNN If you think that Money Printing helps an economy go to Zimbabwe

Marc Faber on CNN : The Patient is Already Dead

Marc Faber on CNN If you think that Money Printing helps an economy go to Zimbabwe , there Mr Mugbe is printing like crazy...Marc Faber compares the world economy to a patient that is already dead , there is nothing to be done to him...Marc Faber says you should stock pile food and run for the mountains ...

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 asks Greek to buy gold

LONDON (Commodity Online): The debt crisis plaguing Greece has turned out to be another opportunity for global investment advisors to bat for gold, the hottest commodity traded in the world.
While Faber does not hold any hopes for the US dollar and Euro, he says the only ideal investment for people these days is to buy gold. “Greece is caught in a big problem and their currency (which is Euro) is hugely overvalued. So in these circumstances I would advise the people in that country to buy gold,” said Marc Faber.

“I don't think the Greek bail out plan will work out, and I think other countries like Spain and probably Portugal (and Italy) will then also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reason the euro has been so week,” says Faber.
Read full article
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.

Robert Prechter Says Equities to Drop, Invest in Cash

March 4 (Bloomberg) -- Robert Prechter, founder of Elliott Wave International Inc., talks with Bloomberg's Betty Liu about his stock market analysis and investment advice. He says get out of the stock market and into cash.

Marc Faber : Gold is not the ultimate Ponzi Scheme

Forget US Stocks - Buy Gold Every Month Forever : Marc Faber told CNBC 04 Mar 2010

“(Gold's) quantity cannot increase at the same rate as you can print money, which will eventually weaken the US dollar,” Marc Faber told CNBC in a live interview

"I’m not saying that the dollar will go straight away down because other currencies like the euro are even worse at the present time," Faber Explained. "But eventually if you print money, the purchasing power will lose ."


“Other counties like Spain and Portugal will also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reasons why the euro has been so weak,”

“The pain of the austerity will be very burdensome on Greece," he added. "And eventually the economy can’t grow with the kind of budget they will have to enact and under these conditions, their currency is way overvalued.”

“If you compare the Depression years, we didn’t have credit cards and we didn’t have unfunded liabilities from Social Security, Medicare, and Medicade,” Marc Faber added. “In other words, in 10 years time, between 30 to 50 percent of tax revenues will be spent on interest payments on the government debt...and that will lead to a weak dollar.”

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 : US Dollar less bad than The Euro Both are weak against Gold and The Asian Currencies

Marc Faber : Don't rule out 20-25% correction in H2CY10

Marc Faber, publisher of the Gloom, Boom and Doom report, feels a 20-25% correction in India in the second half of 2010 cannot be ruled out.

Marc Faber Full FT Interview 23 February 2010

Marc Faber sees negative US real interest rates

In an interview with the Financial Times dated 23 February 2010 , Marc Faber spoke in details on where he sees the US economy heading he warned about the partial US debt default , Marc Faber says that before the default they will monetize , and as the government debt expands they can do a dirty trick and that's partial default , The Volker rule comes too late says Marc Faber , the problem is the political process in the US , even a good idea leads to bad regulations , by having the interest rates at zero we are forcing the capital holders to speculate into something either real estate stocks currencies etc...this leads to the creation of credit bubbles says Marc Faber ...Marc Faber then speaks about China and Gold , India real estate market and finally in the last part he speaks about the currencies needless to say that he is bearish on all paper money...

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 advises investors to prepare for a dirty war

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 : 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

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.

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.

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.

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.

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.

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

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.
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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 : I think to some extent, China is a bubble

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.

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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 : 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