Marc Faber`s Investment and Trading Ideas - A Tracking Blog About Dr. Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis & Outlook and Media appearances
Marc Faber in a democracy no problems are being solved they are just postponed until the ultimate crash will destroy everything.... April 30 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Maryam Nemazee about Greece's debt crisis.
Here is a clip from the Sold out Making Money From Global Financial Trading Day. For over 8 hours Vince Stanzione revealed his secrets to a worldwide audience with attendees coming from China, Australia, USA, Europe and the Middle East. Vince Showed how he had made over £3.7 million pounds trading profits spending less than 30 mins a day working from anywhere in the world....source : Youtube
April 29 (Bloomberg) --Mohamed El-Erian, chief executive and co-chief investment officer of Pacific Investment Management Co., talks with Bloomberg's Tom Keene and Ken Prewitt about the challenges of Greece's debt crisis. El-Erian also discusses possible actions that may help attract investors to Greek government bonds and the possibility of private market bailouts of sovereign debts. (Source: Bloomberg)
April 28 (Bloomberg) -- Marc Faber :"I think probably the best will be to kick out Greece , the country that abuses the system in other words they did not have the fiscal descipline that was essentially imposed by the EU treaty " Marc Faber, the publisher of the Gloom, Boom & Doom report, said the time has come to eject European Union members, including Greece, that repeatedly violate the region's budget rules.
Marc Faber : It is really astonishing how the world have changed over the last 40 years , who had thought even ten years ago that the car sales in china would surpass those of the United States of America those are of course huge trend shifts that have taken place
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: as you know I am ultra bearish about the world I think we are all doomed , because the governments are taking over and they will all bankrupt us and expropriate us but it may not happen tomorrow so they'll give us something to play with until the whole system breaks down and that is the Bull market , they just print money and print more 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 : well I have maintained the same view regarding Gold and other precious metals for essentially the last ten years and this is to gradually accumulate physical gold and silver and if you want to have a riskier exposure to buy some gold exploration companies from time to time when they become cheap as a year ago , or some of them are still reasonably good value at the present time ...so this is say a long term strategy because in an environment where government will print money , and I am convinced they're going to bail out Greece which means you transfer essentially bad assets onto the balance sheets of the government and when that happens the purchasing power of paper money goes down , it is not that precious metals go up , it is the paper money that goes down relative to precious metals so in that environment I think you and also Bernie should all accumulate some gold , I told Bernie since gold was at $300 the day the Swiss national bank sold gold I said to Bernie now you should buy it because that was a buy signal ..
Marc Faber : That's true I do not trust anyone and I do not even trust myself a hundred percent , so here you have it ..how you can trust yourself , we are all humans we make mistakes ... regarding China Marc Faber says : well I want to tell exactly what I think about China and also about the world , I think the growth such as we have at the present time in China is completely unsustainable in the long run , now can they sustain it for another half a year , can the property price increase go on for while ? yes ...I thought that Japan was overvalued in 1988 and it took another two years until it collapsed , i thought the NASDAQ bubble was very mature already in a998 it took until march 2000 until it broke down , but the longer you postpone crisis and this is what I object to the current government intervention i so called solving the crisis , they have not solved anything they just postponed it , and the ultimate Armageddon will be much worse than had they taken the recession already ..in 98 when LTCN went bust instead of bailing it out they should have lt it go bust that we should have given the signal to the market that the government and its agent the federal reserve does not bail out institutions all the time , in year 2000 we could have taken a minor recession it would not have been a disaster , but in year 2008 it was much worse and next time around the government will go bust and we will be all doomed because before they'll go bust they'll print money and they'll go to war ...
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 : I told my readers and the media enterprise in the US in March 06 2009 :buy Stocks because the worse it becomes economically and geopolitically the more markets will go up and the more money they will print , so I am not feeling guilty of having said do not touch anything on the contrary ,...because I am so bearish , what you should not own is cash , cash is going to be a disaster...of course if the disaster strikes it is very difficult to survive it if everybody else is killed financially because the government will of course take your gold away , but I am just saying whatever you do today it may not last ...the market if you print out money like Zimbabwe can go up very substantially but the purchasing power of the money goes down and the standard of living goes down and eventually you have either civil war , and by the way in the US the mood has turned very very negative amongst certain groups of the society ....The FED is raising the interest rates in America ...unlike in other countries ...you know why consumption is up , because people do not pay their mortgages so they have surplus cash , if you do not pay your mortgage , and if you are going to go bankrupt anyway you may as well spend as much as you can ....but still about sixteen percent of the people in America do not have the jobs they would like to have or are unemployed ...
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.
Economic sensitive stocks are not performing well, however agricultural commodities look attractive says, Marc Faber, editor & publisher at The Gloom, Boom & Doom Report. He speaks to CNBC's Bernard Lo and Martin Soong about which sectors are likely to see significant price increases
Marc Faberbulls up Goldman Sachs. Well who would have guessed? But were stilled DOOMED. but before we are doomed the market can go much much higher because of the stimulus packages that the government has brought about , the stimulus packages will eventually bankrupt the sovereign state , secondly they are gonna print and print and print The Goldman Sachs indictment is a good excuse to print even more eventually , I actually think that Goldman Sachs is a rather honest firm they have a very strict compliance depatment , compared to others they are like an angel but they targeted Goldman because it stands as a symbol of Wall Street plus it is also Israel ..you understand , so they go after Goldman Sachs to distract the attention of people and target the minority Wall Stret and Goldman Sachs , may be the intention is not to hurt Goldman sachs but just to gain popularity with the middle class and lower class of America so they perceive Obama as having done something against the evil Wall street
In a joint seminar Dr Marc Faber and Jim Rogers join Forex expert and trader Vince Stanzione during the Global Financial trading day in London UK on 19th March 2010 , each tells the audience its secret trades and skills wealth preservation and ways to make more profit Marc Faber in particular explains how he ended up in Asia and how he was lucky t witness during all these years the tremendous changes that have occurred in Asia in just 20 years ....
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 :"I think that there are some symptoms of a bubble building in China , we have this rapid increase in foreign exchange reserves , we have very strong credit growth we have rapidly rising property prices and a bubble is obviously building , now it is always difficult to tell at what particular time or which day the bubble will burst , I turned bearish about Japan in 1988 two years before the NIKKEI collapsed and I turned negative about US Tech stocks in 19p8 and it took another two years untill the bubble burst , I am not saying that the Chinese property market is bursting tomorrow , however I just like to observe the following : first of all the chinese stock market is still far below its peak in 2007 secondly the stock market in China is lower than in august 2009 and is lower as is the Hang Sen index than in November 2009 , in other words we have essentially a boom in properties but it is not reflected in the stock market, and I think may be the stock market is giving us a signal that not all is right in China ...and all I am maintaining is if the bubble burst in china you do not want to be say in australian stocks , in the australian dollar in commodities , in industrial commodities like copper and Nickel and Alluminum because the demand for commodities in scenario of chinese bubble bursting is going to go down very substantially , so it is a risk now , it may not happen right away may only happen next year , but this is ...an investor should keep this in mind that when the bubble burst in China and for sure if it does not burst now it will burst say in six months , if it does not burst in six months it may burst in twelve months or in eighteen months , the longer it does not happen the worse it will be ..." Marc Faber, publisher of the Gloom, Boom & Doom report, talks about growth in lending and increases in property prices in China. Faber also discusses his caution about buying industrial commodities and Australian stocks. He speaks with Bloomberg's Liza Lin in Singapore. Marc Faber : Obama targets Goldman Sachs to mask his own failures 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.
Dr. Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg TV about the U.S. lawsuit against Goldman Sachs Group : "The approval rate of Mister Obama has plunged , so he has to do something about his popularity , so the base is always yo target the minority Wallstreet and within the minority you target a Jewish firm , so you can distract the people of America from your own failings , it's ludicrous to think that it's only Goldman Sachs that committed fraud , the whole of Wall Street basically , ninety percent of the participants into there belong into jail as does the government sponsored enterprises Fannie Mae and Freddie Mac and the whole US Congress , I know the game and it's also wrong to think that everybody on Wall Street is dishonest and the rest of the world is all honest , when it comes to money people have no religion"
Marc Faber : Obama targets Goldman Sachs to mask his own failures 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 I do not think they are great great companies or great great investments but their stocks have corrected down , I believe that in the next six months the economy will look somewhat better , particularly compared to 2009 , because do not forget March 2009 was about the bottom of the recession , and so we are comparing now with very low economic activity a year ago , so the statistics may look somewhat better , and if the western world recovers somewhat combined with the still emerging economies , I think the oil price will rather go up than down and there fore I think that Oil stocks could perform reasonably well by the way also mining companies
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 believes that the FED will keep the interest rates close to zero for a long time to come , "If you keep interest rates at zero, you eliminate the primary function of your money. It loses its value. The Fed keeping interest rates at zero, just makes the cash repulsive" Marc Faber said "The U.S. debt has now reached 373% of its GDP, and this does not yet include Medicare and Medicaid plans, or maturities as the retirement of baby boomers. Overall, if you add up everything, we reach 800% of GDP. By keeping interest rates low, the government makes interest payments on its debt less difficult to bear. But when the Fed will raise its interest rates, it will inflate its debt. And at this pace, in ten years, 35% of tax revenue will be used to repay that debt, " He added The S & P 500 is unlikely to go below 666 points Marc Faber explained , Marc Faber as usual recommended physical gold kept outside of the United States borders ...
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.
Interview by The German TV Infokriegernews.de with legendary investor Dr. Marc Faber. The key messages are:
If you believe what Robert Prechter says, you should monetize all the assets and create all government bonds in 30 year olds Us.
There is a misconception that can take place because of the large debt no inflation.
If the Dow does fall to 10,000 points, the whole system collapses. If everything collapses, I'd rather be in the gold and have it physically in a locker.
The pension will not fulfill your obligations, because they their money to 40 - 80% have invested in shares.
The problems can move with the printing press, it's like a new coat of paint on a tear, but eventually collapses the building.
FED, A monetary system was based on gold and silver, would contain, the eXess.
Under the gold standard, there was discipline.
In the 19th century came under the gold standard, the industry is that it inhibits economic growth is therefore not proved.
The growth rates in the 19th century were larger than in the 20th.
Gold is an international currency, 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.
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.
Dr. Marc Faber : if China had military bases in Canada in Mexico in the Caribbean sea the Americans also would not be very happy . It is absolutely clear that for China it is strategically unacceptable that the Americans have their bases in Central Asia , The Chinese and the Russians have founded an organization some years ago called the Shanghai cooperation Organization with precisely those countries China Russia Kazakhstan Kyrgyzstan Tajikistan and Uzbekistan and the observers are Iran India Pakistan and Mongolia basically the Russian and the Chinese want to keep the Americans out of Central Asia , absolutely clear it will then overtime lead to conflicts , I would not not expect that one division of tanks will face another division of tanks and that it will come to such a war but the Chinese they do it of course through the north Koreans or using others and they will support of course all the elements that are hostile to the Americans in this region and therefore the afghan war will last a long long time a bottomless pit , i should be obvious , and when it comes to a war and I assume that the financial and the monetary policy in America will not be successful in the sense that the standards of living will improve and over time there will be new problems more inflation and the number of the unemployed will hardly fall as it was in the case after 2001 and the last station will war fighting and then in time of war the commodity prices rise sharply , these are the Napoleonic wars the American civil war World war I Viet Nam War etc..therefore I would recommend investments in commodities.. The bubble in china is not a credit bubble , the credit has not expanded too much , in the last time more , but as a percent of the Gross national Product not especially and the houses prices In comparison with the gross national product and in comparison to the income personal income hey have rather fallen ...but where the bubbles exist in China , the investment bubble are over capacities one has built way too much capacities and therefore is the stimulus program in China actually of no use , because if you have overcapacities in the world you can well print money and supply money then you build even more capacities if the money goes into the private sector , If a businessman has overcapacities then he would not of course build a new fabric , what he will then do with the excess liquidity is to speculate in the real estate and the stock market
April 04, 2010 — NZZ Online, 2. Februar 2010 Dr. Marc Faber (Dr. Doom) über die aktuelle Situation an den Aktien-, Rohstoff- und Staatsanleihenmärkten sowie über ein mögliches Zukunftsszenario. Marc Faber :"I am not sure yet that the recession is lready over because the numbers of unemployed persons in the United States is still increasing and there are several indicators that barely suggest a rebound on the economy , I think that also this year it will not get better because the stimulus packages will already lose its influence So I could imagine that we would not have a basic rebound and that the markets will rather correct " "The Gold between $950 and $1,050 would be a buying zone " Dr Doom gives his insights on 2012 Doomsday : "I do not think that the world will end in 2012 , but it is quite clear that there have been no solutions for the financial crisis that occurred , they have moved the problem to the future , they just painted new colors on the cracks of the building "And of course the problems will come back , and when they come back then these countries are affected by national bankruptcies , which are not able to fulfill their obligations anymore " "According to my calculations it is impossible that the American government can fulfill its obligations because the current deficit is over one trillion , this year 1.6 trillion , And that will not come under one trillion and that increase the national debt .The Total debt is already 375% of the GDP , but that does not still include the not yet covered debts of medicaid medicare and social security, if you would include it then the national debt is already 600% of the GDP , So they have to massively print money in the future that will lead to an inflation and recession in the same time , so they might get into a depression and synchronized an inflation as they have in Zimbabwe , The result will be that they will intervene in a war - and the americans are good in finding enemies around the world , That will end in a big conflict and the whole system will collapse" This scenario won't happen tomorrow but in the next 5-10 years guaranteed Marc Faber added
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.
The bubble in china is not a credit bubble , the credit has not expanded too much , in the last time more , but as a percent of the Gross national Product not especially and the houses prices In comparison with the gross national product and in comparison to the income personal income hey have rather fallen ...but where the bubbles exist in China , the investment bubble are over capacities one has built way too much capacities and therefore is the stimulus program in China actually of no use , because if you have overcapacities in the world you can well print money and suplly money then you build even more capacities if the money goes into the private sector , If a businessman has overcapacities then he would not of course build a new fabric , what he will then do with the excess liquidity is to speculate in the real estate and the stock market...etc...
Marc Faber, Investment Guru, says Greece will be bailed out indirectly by the European Central Bank (ECB) that will guarantee some bonds that they are issuing, and these bonds will then be bought by the public or financial institution. But he doesnt think it will work out.
Marc Faber "we went into this crisis with an unprecedented debt level. “If you compare for instance with the depression years, in the depression years, we didn’t have credit cards, we didn't have unfunded liabilities from social security, from medicare, mediclaim, these are all debts that will come that have to be paid by the government and eventually this fiscal deficit will lead to a government debt that will then because of its increase in size lead to sharply rising interest burden. In 10 years time, I would estimate that between 30-50% of tax revenue will be spent on interest payments on government debt and that will then prove to be a huge problem and necessitate the monetisation of 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 of The Gloom Boom and Doom report also nicknamed Doctor Doom is a world class investor and a regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach.
He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies. 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.
A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998.
Marc Faber : you have to give credit to mister Greenspan and especially mister Bernanke they managed to create a bubble in everything ..this is an achievement no central banker have ever achieved this , you look at 2002 to 2007 real estate went up globally everywhere the world equities everywhere in the world they went up , art prices everywhere in the world went up , worthless collectible went up , commodities went up and even bonds rally everything rally , only one asset class went down here between 2002 and 2007 is the US Dollar , but everything (else) went up ...then comes 2008 , everything goes down but the US Dollar goes up ...you do not need to be a rocket scientist ...I mentioned about the global boon 2002 to 2007 but there was one country that was in recession permanently , it was run by Robert Mugabe the economic mentor of Ben Bernanke , the only country in recession ......"I do not trust central bankers period" says Marc Faber
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 : The emerging markets with roughly 80% of world population is a powerful block it is larger than the developed countries , the oil consumption of the emerging markets just exceeded that of the developed world including japan , in the car sales they exceed the car sales in the industrialized world including japan , so as an economic block they are very very big and very powerful , and the days when western countries could look down on emerging economies and think that they are poor and stupid guys , is over says Marc Faber....
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.
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.
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