Marc Faber explains the Insider Trading

Marc Faber : ...I would just like to say about the insider selling, this is also something that I follow and that concerns me. But having said that, and being on the boards of different companies, let me explain to you what happens. Let’s say I am on the board of a company and I get stock options, and I exercise the stock options and then to diversify, I may sell some of the shares I own in that company through my stock option plan, and then I may go and buy other stocks in the market, or make other investments.Because of the proliferation of option plans in the last twenty years or so, there is a natural tendency that when a CEO sells shares, it is reported, but when he invests with hedge fund management, or buys shares in other companies, it is not reported. I think there has been a change in the validity of this statistic. But I agree with you, at the present, the ratio is so huge between selling and buying, that it is a rather negative indicator. Then, when you combine that with other indicators that are also negative, a hugely over-bought market, for instance, I think some caution is in order...
in McAlavany interview 23 Feb 2011

Alan Greenspan on Inflation and Profits,

Mar. 4 2011 | Alan Greenspan, former Federal Reserve chairman, says profitability doesn't mean a business is willing to invest in illiquid assets. He also shares thoughts on inflation.

Marc Faber on Bloomberg March 03 2011

Marc Faber said that a global systemic collapse would in relative terms benefit the United States he explains why . Marc Faber on the Phone from Tokyo speaking with bloomberg :"...well I think in a really negative environment where everything collapses the US is still a relatively self sustained economy that produce enough food and they have the resources even to produce enough energy if they wanted to , the problem is that interest lobbies prevent new sources of energy to be developed and so the US is still highly dependent on imported oil , besides from imported oil and I would say in life you need to eat everyday but you do not need to go to your office everyday you could do your job from your home and so essentially energy consumption could go down substantially in a crisis level , if I were really very negative about the whole world , I would have better be in the US than say Guatemala , Venezuela Saudi Arabia ..."


Marc Faber Says U.S. Stocks Will Outperform Emerging Markets
March 3 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global stock markets. Faber also discusses the U.S. economy and commodity markets. He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)

Marc Faber : The deficit, in my opinion, mathematically,cannot come down

Marc Faber  :..... I have read Treasury reports in 2010 by Tim Geithner saying the U.S. government debt increased by more than2 trillion dollars during that period of time. The deficit, in my opinion, mathematically,cannot come down, because 80% of the budget is mandatory expenditures, in other words, you cannot cut them. Legally, they have to be met.Of the remaining 20%, you can cut a little bit, but not that much, because then services collapse. In my view, the fiscal deficit of the U.S. will stay around 1½ trillion dollars for as far as the eye can see, and maybe even go to 2, or 2½ trillion dollars, and then the interest expenditures on the debt go up. So actually, over time, in my view, unless taxes are increased significantly, and spending is cut significantly, not by a little bit here, a little bit there, the budget will never again be balanced, and that will then necessitate, in time, QE-III, QE-IV, and QE-V. Taxes cannot be increased dramatically, because if you increase them very substantially, we will go straight back into a recession.....
in McAlavany interview 23 Feb 2011

Marc Faber : I consider precious metals money

Marc Faber : "...An investor has the choice to invest in real estate, in equities, in bonds, in commodities, and I separate precious metals from commodities, from industrial and agricultural commodities, because I consider it money. Also we can buy art, and stamps,and other collectibles.I have a large subscriber base for my Gloom, Boom and Doom Report , and I asked each one of them to let me know if they have the impression that the cost of living increases,in other words, the percentage of how much they pay every year, more, for their families,is less than 5%. So far I have not received a single email, so I think inflation is around 5%. The return on deposits is essentially zero. And then people begin to worry, because paper money is no longer a store of value, and at the same time, it is a bad unit of accounts, because it is debased by the central bank.So people buy paintings, they buy real estate, they buy stocks, they buy, to some extent,bonds – last year, we had large inflows into bond funds– and they buy precious metals.The problem with all these easy monetary policies and artificially low interest rates, is that not everything goes up at the same time. In other words, we had a bubble in the NASDAQ in 1997 to March 2000, then the bubble burst. Then we had a real estate bubble 2000-2006. Then in September 2007 and July 2008, oil went from $78 to $147and the CRB went ballistic, so we had a commodities problem. In 2008 everything collapsed. Oil, in an unprecedented move, went, in July 2008, from $147 to a low of $32in December 2008. In other words, in six months, oil fell from $147 to $32 a barrel.These kinds of moves are brought about by the Federal Reserve monetary policies, and for the investor, there is no point to be overly dogmatic. From 1999 to 2007 and 2008,gold outperformed equities by a huge margin. Also, silver outperformed equities by a huge margin. In 2009, equities outperformed gold, and from here onward, it is going to be the same pattern. There will be suddenly other assets that appreciate, and some assets go down.I happen to think that some prices will go down, but they have become oversold on a year-term basis, because over the last three months, the whole world became overly enthusiastic with the inflation phase, so the thinking was, government bonds are bad, and equities are good. That may reverse for a little while, but I think long-term if you look at ten years, one of the worst investments will be long-term U.S. government bonds."

This was an extract of the long interview that Dr. Marc Faber did with McAlvany on 23 February 2011 , below is the full interview :

Marc Faber : In a money-printing environment, it is very difficult to know what is actually cheap and what is expensive.

Marc Faber : "....In a money-printing environment, it is very difficult to know what is actually cheap and what is expensive. Is the price of wheat high, or is it low? Inflation-adjusted,it is extremely low. In nominal terms, it is relatively high. I believe that, in March 2009when the S&P was at 666, the market was actually much cheaper than is generally perceived, because of the money-printing, and I do not anticipate that we will see 666 on the S&P again, in nominal terms.In other words, they are going to print so much money that the S&P could be at, perhaps,2000, but in real terms, it could be down below the lows of March 6, 2009. Maybe in gold terms, we could one day reach a ratio of Dow Jones to gold of 1-to-1, as we were in1980. In other words, the Dow could be perhaps at 10,000 or 12,000, and gold could beat the same level.That is why I am advising people to accumulate gold. Can gold have a correction? Yes,there has been a little bit too much euphoria about gold, and we may have a correction,but I do not think we are in a bubble in the price of gold. In fact, I could make a case that gold, at this level of $1400 an ounce, is cheaper than in 1999, when I look at the unfunded liability growth of the U.S., at the credit growth of the U.S., and at the
household growth, and at the money printing, and at all the wealth creation that happens in China and Russia.Just consider, when I started to work in the 1970s, it was said there were two billionaires in the world. One was Rockefeller, and the other one was Mr. Ludwig. Then in 1980there were, I think, six or eight billionaires. Now you have thousands of billionaires.The paper money has become of lower value, and in that environment, it is conceivable that actually stocks do not go down a lot, in nominal terms, but they go down inflation-adjusted, and not inflation-adjusted by what the government is publishing, but in inflation-adjusted terms, as John Williams points out. He says inflation is running at 8% per annum. I have it slightly lower, depending also on the household, whether you have children, or no children, and where you live, but I would say between 5-10% in America is probably a realistic figure, and between 8-12% in countries like India, China, VietNam..."
This was an extract of the long interview that Dr. Marc Faber did with McAlvany on 23 February 2011 , below is the full interview :

Marc Faber thinks retails stocks are vulnerable right now

"Faber thinks retails stocks are vulnerable right now as rising food and oil prices reduce consumer spending. Wal-Mart is the classic example of difficult conditions for retails stocks, after the retailer reported another decrease in same store sales. If you want a real proxy for how the economy is doing, follow Wal-Mart’s stock price which has been flat for the past 2 years. Faber even advises people to short the Retail Index (RTH) with a tight stop-loss."
via www.wallstreetpit.com

Marc Faber : I think inflation is around 5%

Marc Faber : "...An investor has the choice to invest in real estate, in equities, in bonds, in commodities, and I separate precious metals from commodities, from industrial and agricultural commodities, because I consider it money. Also we can buy art, and stamps,and other collectibles.I have a large subscriber base for my Gloom, Boom and Doom Report , and I asked each one of them to let me know if they have the impression that the cost of living increases,in other words, the percentage of how much they pay every year, more, for their families,is less than 5%. So far I have not received a single email, so I think inflation is around 5%. The return on deposits is essentially zero. And then people begin to worry, because paper money is no longer a store of value, and at the same time, it is a bad unit of accounts, because it is debased by the central bank.So people buy paintings, they buy real estate, they buy stocks, they buy, to some extent,bonds – last year, we had large inflows into bond funds– and they buy precious metals.The problem with all these easy monetary policies and artificially low interest rates, is that not everything goes up at the same time. In other words, we had a bubble in the NASDAQ in 1997 to March 2000, then the bubble burst. Then we had a real estate bubble 2000-2006. Then in September 2007 and July 2008, oil went from $78 to $147and the CRB went ballistic, so we had a commodities problem. In 2008 everything collapsed. Oil, in an unprecedented move, went, in July 2008, from $147 to a low of $32in December 2008. In other words, in six months, oil fell from $147 to $32 a barrel.These kinds of moves are brought about by the Federal Reserve monetary policies, and for the investor, there is no point to be overly dogmatic. From 1999 to 2007 and 2008,gold outperformed equities by a huge margin. Also, silver outperformed equities by a huge margin. In 2009, equities outperformed gold, and from here onward, it is going to be the same pattern. There will be suddenly other assets that appreciate, and some assets go down.I happen to think that some prices will go down, but they have become oversold on a year-term basis, because over the last three months, the whole world became overly enthusiastic with the inflation phase, so the thinking was, government bonds are bad, and equities are good. That may reverse for a little while, but I think long-term if you look at ten years, one of the worst investments will be long-term U.S. government bonds."

This was an extract of the long interview that Dr. Marc Faber did with McAlvany on 23 February 2011 , below is the full interview :

Bill Fleckenstein : The Fed is Printing Money to Cover Bank Theft Leading to Food Inflation

The FED printing Money is  causing food riots worldwide :
Bill Fleckenstein hedge fund manager and investor based in Seattle , president of Fleckenstein Capital, a money management firm . He also writes a daily Market Rap column for his Web site, Fleckensteincapital.com.

Elizabeth Warren : Assault on Middle Class (March 1, 2011)

Elizabeth Warren : “The middle class has been under assault now, really, for a generation.” The middle class got hit by a "one-two punch" of rising daily living expenses plus flat wages, Elizabeth Warren says

Marc Faber: Buy Oil, Energy U.S. stocks, like KB Home

Marc Faber: Buy Oil, Energy U.S. stocks, like KB Home



Marc Faber :..".well I think from here onward stocks will move very selectively I happen to like energy because if the economy surprises on the upside demand will pick up , in actual facts the demand in developed countries has picked up and in emerging economies it continues to go up " "I think in a, let's say Goldilocks outlook, you have to own some oil,If you're very bearish about the world, it's a nightmare scenario in the Middle East and I don't think that Saudi Arabia can affect production shortfalls of Libya and Saudi Arabia itself is very vulnerable and so I would say under any scenario, I would own some oil and energy shares , but they have rallied a lot and they are overdue for a correction "...etc...

Marc Faber : I am advising people to accumulate gold

Marc Faber : "...In a money-printing environment, it is very difficult to know what is actually cheap and what is expensive. Is the price of wheat high, or is it low? Inflation-adjusted, it is extremely low. In nominal terms, it is relatively high. I believe that, in March 2009 when the S&P was at 666, the market was actually much cheaper than is generally perceived, because of the money-printing, and I do not anticipate that we will see 666 on the S&P again, in nominal terms.
In other words, they are going to print so much money that the S&P could be at, perhaps, 2000, but in real terms, it could be down below the lows of March 6, 2009. Maybe in gold terms, we could one day reach a ratio of Dow Jones to gold of 1-to-1, as we were in 1980. In other words, the Dow could be perhaps at 10,000 or 12,000, and gold could be at the same level.
That is why I am advising people to accumulate gold. Can gold have a correction? Yes, there has been a little bit too much euphoria about gold, and we may have a correction, but I do not think we are in a bubble in the price of gold. In fact, I could make a case that gold, at this level of $1400 an ounce, is cheaper than in 1999, when I look at the unfunded liability growth of the U.S., at the credit growth of the U.S., and at the household growth, and at the money printing, and at all the wealth creation that happens in China and Russia...."
in a recent interview with McAlvany

Marc Faber : Buy Oil , Energy Shares and Housing

Marc Faber :..".well I think from here onward stocks will move very selectively I happen to like energy because if the economy surprises on the upside demand will pick up , in actual facts the demand in developed countries has picked up and in emerging economies it continues to go up " " you have to own some oil and if you are very bearish about the world it's a nightmare scenario in the middle east and I don't that Saudi Arabia can offset the production shortfall of Libya and Saudi Arabia itself is very vulnerable and so I'd say under any scenario I would own some oil and energy shares , but they have rallied a lot and they are overdue for a correction "...etc....


Marc Faber : Buy Housing Now : CNBC Feb. 28 2011 | Marc Faber, editor of "The Bloom, Boom & Doom Report", explains why now is the time snap up real estate deals.

Marc Faber : we are in the midst of a crack-up boom that is not sustainable

Marc Faber McAlvany Interview 23 February 2011.
Interview with Dr. Marc Faber : Measuring with the Proper Unit of Account...Gold
A Look At This Week's Show:
- Germans not happy with bailout of P.I.I.G.S.
- "The budget will never again be balanced"
- Even if commodities drop, gold should still rise



Marc Faber :" I think we are all doomed. I think what will happen is that we are in the midst of a kind of a crack-up boom that is not sustainable, that eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole, derivatives, the market, and everything will collapse, and like a computer when it crashes, you will have to reboot it."....

Marc Faber, investment environment at this time, January 2011

Marc Faber, investment environment at this time, at the Russia Forum January 2011
Marc Faber : After a period of heavy money printing war follows


Marc Faber :"....we are living in a very complex world and when I look at it , we have different asset classes equities bonds governments bonds , we have real estate and commodities and so forth and so on and depending on your perspectives you may chose different asset classes , they are no such a thing as the best emerging market I do not focus so much on BRIC , I focus on the developed world of the west , America and Western Europe and in terms of another industrialized nation Japan and everything else that is emerging where 80 per cent of world population lives , I do not find that one country is the best compared to another one because when it comes to assets there is no asset that is always the best , but an asset can be the best at the right price , when the price is depressed and the best asset if the price is too high is not a good asset so I think that we have to look at it that way ...from an investment point of view we have a big debate in the world whether we have a deflationary collapse or an inflationary boom , and I'd like to introduce a thought where you would chose an asset that will perform well under either condition , in a deflationary bust you have a credit collapse so the one thing you do not want to own are US government bonds , because they won't be able to pay , and before they can pay they will print money like there is no tomorrow so the dollar would continuously depreciate which obviously would be good for assets that you can multiply such as commodities and precious metals , I separate precious metals from commodities ...but then I also think if they print money what then usually happens is that the standards of living of the middle class and the working class goes down because the cost of living increases faster than wage gains and so the population becomes very dissatisfied and eventually the government do stay in power to distract the attention of the people either goes to war or blames a minority for the mishaps ,and so forth but usually after a period of very heavy money printing war follows ...so If I invest today, I am considering the following: it is conceivable that because of ultra expansionary monetary policies in the world, and ultra expansionary fiscal policies in the US in particular, we have a temporary crack up boom. And the demand for oil in the western countries which has been declining since 2008, starts to pick up, and combined the oil demand in the world surprises on the upside, and pushes up oil prices, which would be beneficial for the oil producers, in particular Russia and Kazakhstan. Or you have what I think eventually happens: a complete systemic breakdown. I am the most bearish person long-term. If there is a complete breakdown, as I described with money printing and war, you want to be in commodities, specifically oil, because during war times commodity prices go ballistic. So whether you are very bullish or very bearish you should invest in oil....."

Marc Faber Spells it ALL OUT in 6 minutes !!!

I thought these 6 minutes of Marc Faber interview with Mac Alavany were VERY on point, .
a home for 50 ounces of silver! wow. A shotgun would be like 1/10th ounce? A new car 5 ounces of silver? A good suit for 1 ounce of silver!!


- Germans not happy with bailout of P.I.I.G.S.
- “The budget will never again be balanced”
- Even if commodities drop, gold should still rise
there is great opposition of Germany being part of the Eu amongst the German public says Marc Faber , the german public is probably not particularly happy about the bailouts to the PIIGS countries, there is opposition of Germany supporting countries like Greece that have basically abused the system ....Faber explains

Marc Faber : We Are in the End Game

Investment analyst Marc Faber joins radio host Alex Jones to discuss the state of the global economy and what he sees in the future for precious metals, inflation, and commodities.



Marc Faber : ..."...The Chinese if they could they would buy all American oil companies ...." " The US could produce much more 'rare earth metals' , but the exploration was neglected " " We Are in the End Game a crack-up boom""the government is the most unproductive factor in economic life " "This crackup boom will end very badly, but before it ends badly, we'll have money printing, very high inflation, and when everything fails, the US will go to war. They're already in war, but they'll increase it." "they are deluding the country they are lying"

Alex Jones talks with investment analyst and entrepreneur Marc Faber. He writes the monthly investment newsletter The Gloom Boom & Doom Report and is the author several books, including Tomorrow's Gold: Asia's Age of Discovery and Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets. Lindsey Williams joins Alex to talk about the rise in the price of oil in response to events in the Middle East and North Africa.

Robert Prechter Still Worried About Deflation

Robert Prechter, president of Elliott Wave International, says deflation remains the primary problem, not inflation



Robert Prechter : ...."I think it is the major theme , what we've had is three major peaks in the market of the last dozen years and each one of them had an extreme liquidity period , we had the top in 2000 that's when the NASDAQ topped out it collapsed , it is going to come back to those highs , then we have  2006 , 2007 that's when the real estate topped in 2006 , the DOW topped in 2007 we had the commodities the index for example in 2008 , I do not think it will come back to new highs , now this third and what I believe will be the final mania run toward the ‘inflation is going to drown us all , has gotten new high in gold ..""When it's over and we head into the next decline and pessimism begins to build up again, people are going to stop focusing on...what they interpret as optimistic news, and start focusing on the fact real estate is making new lows and employment isn't responding."

Rick Santelli : Is the Dollar Dead?

Feb. 25 2011 |Discussing whether the dollar is dead as a safe-haven play, with Peter Sorrentino, Huntington Asset Advisors, and Mark Luschin, Janney Montgomery Scott.

Marc Faber : It is now now late to sell emerging markets

Marc Faber :  "...I don’t think that emerging markets have bottomed out but it would be now late to sell emerging markets. In many cases, they are down 20% and many stocks, good companies, are down 30% from the recent high. The US stock market has now doubled from its low.
In other words, there are only three occasions in the last hundred years when the stock market in the US doubled within two years. One was in 1934, coming off very deeply oversold condition in 1932 and the other one was in 1937. After 1937 and 1934, the 12 months return, both were negative.
I would be a little bit careful here to just buy the US because investor sentiment is very positive. The volume has been relatively sluggish and the market is extremely overbought by any statistical model...."
via Indian TV TV-18 

Marc Faber : The Germans not happy with The PIIGS bailout

Marc Faber McAlvany Interview 23 February 2011

- Germans not happy with bailout of P.I.I.G.S.
- “The budget will never again be balanced”
- Even if commodities drop, gold should still rise
there is great opposition of Germany being part of the Eu amongst the German public says Marc Faber , the german public is probably not particularly happy about the bailouts to the PIIGS countries, there is opposition of Germany supporting countries like Greece that have basically abused the system ....Faber explains

Marc Faber outlook for The Indian Market

Marc Faber :"....I was interviewed not long ago, where I said that downside is around 15,000. But many things can happen in the world. Investors have been very complacent about the events in the Middle East. I am not suggesting that it will necessarily spread to the Emirates to Qatar and to Saudi Arabia but there is always a possibility of some further bad news coming out of the Middle East, which would then, in my opinion, drive up oil prices. Obviously, rising energy prices would be a negative for the global economy — for the US economy and also for India....."
via www.moneycontrol.com

Marc Faber : Buy Oil, Not US Stocks

Marc Faber :" On the upside, if you look at some other commodities like copper, then obviously oil prices could go up substantially even from these levels. I don’t think that oil is expensive compared to other commodities or compared to other goods prices in the world. But that would obviously depend on some political problems — some interruptions in oil supplies or a possibility of the global economy experiencing some kind of a crackup boom. A crackup boom is a boom that is driven by artificially low interest rates, easy monetary policies and debt growth.
The private sector debt growth has slowed down but it has turned up again. At the same time we have, of course, a huge expansion in government debt. That should not be forgotten.
These crackup booms don’t last. They are not sustainable but they can last six months to one year to 18 months and then a renewed setback occurs in the global economy."

via Indian TV TV-18

Marc Faber : Emerging Markets Outlook

Marc Faber :"...We had a massive outperformance of emerging economies’ stock markets between 2003 and a few months ago vis-à-vis the US. The investors who were by and large overweight emerging stock markets and underweight the US — they are still underweight the US. When the talk about inflation came up — I am not saying it is justified or not — it gave investors an excuse to sell down their holdings in emerging markets and move some money back into the US...."
via www.moneycontrol.com

Marc Faber: The Total Financial Collapse of America is Here! - Alex Jones Tv

Alex Jones talks with investment analyst and entrepreneur Marc Faber . He writes the monthly investment newsletter The Gloom Boom & Doom Report and is the author several books, including Tomorrow's Gold: Asia's Age of Discovery and Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets. Faber has been a regular contributor to several leading publications around the world in the past, among them Forbes, the Financial Times, Financial Intelligence, Asian Bond Portal, Die Welt and others.

Matt Taibbi : Why Isnt Wall Street in Jail?

Matt Taibbi on His New Article in Rolling Stone Magazine Titled, "Why Isn't Wall Street in Jail?"
DemocracyNow.org -
"Nobody goes to jail," writes Matt Taibbi in the new issue of Rolling Stone magazine. "This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth." In an interview with Democracy Now!, Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio.

For the video/audio podcast, transcript, to sign up for the daily news digest, and for today's entire show, visit http://www.DemocracyNow.org.

Marc Faber : I dont think that emerging markets have bottomed out

Marc Faber :   "....I don’t think that emerging markets have bottomed out but it would be now late to sell emerging markets. In many cases, they are down 20% and many stocks, good companies, are down 30% from the recent high. The US stock market has now doubled from its low.

In other words, there are only three occasions in the last hundred years when the stock market in the US doubled within two years. One was in 1934, coming off very deeply oversold condition in 1932 and the other one was in 1937. After 1937 and 1934, the 12 months return, both were negative.

I would be a little bit careful here to just buy the US because investor sentiment is very positive. The volume has been relatively sluggish and the market is extremely overbought by any statistical model."
via www.moneycontrol.com

Marc Faber on The Alex Jones Show 2011-02-21

Alex Jones talks with investment analyst and entrepreneur Marc Faber. He writes the monthly investment newsletter The Gloom Boom & Doom Report and is the author several books, including Tomorrow's Gold: Asia's Age of Discovery and Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets. Lindsey Williams joins Alex to talk about the rise in the price of oil in response to events in the Middle East and North Africa.

Marc Faber : the US market will eventually join the Emerging Markets on the downside

Speaking to CNBC-TV18, on Feb 21, 2011 , investment guru Marc Faber said oil prices could go up substantially from current levels



Marc Faber :'...Well My view is that the US market will eventually join the emerging markets on the downside because if you take a bearish view about the emerging economies, you cannot be too optimistic about the US because for many US corporations, 50% or more of their profits come from emerging economies. and My main concerns are these: first of all, I think that not all is well in China. That if the Chinese economy slows down more then what analysts expect, we could have a downdraft in commodity prices and all the warrants on China — whether it is Brazil, Australia or Indonesia would get hit quite hard.Secondly, I think that the geopolitical tensions in the world are increasing. In particular, if I were in India, I would be concerned about the events that are now occurring in Pakistan and Afghanistan. and This can also have an impact, obviously, on the valuation of equities. But I mean We shouldn’t forget that all the central banks in the world basically only know one thing and that is to print money. And when things will get bad, they will print more money. If they get worst than bad, they print more money.
Independently, whether that is the Bank of China or the Reserve Bank of India or in the US all the central banks will keep interest rates artificially low and they won’t increase them to a level where inflation adjusted they are positive....I am overly negative about assets and corporation stocks assets like commodities or real estate and so forth , I would be very concerned about the bonds market...."

Joseph Stiglitz : we spend too much on prisons and healthcare

Joseph Stiglitz : ".... in some states now we are spending as much on prisons as we do on universities , well that's good for GDP ..." "....it is not good to have so many people in prison and it is symptom of something dysfunctional , now we can have all discussions about what it is dysfunctional . but it is not positive ...another example is we spend more on healthcare than any other country as a percentage of GDP and our health outcomes are much lower than any other industrial countries and actually lower than many developing countries , well the extra money that we spend on healthcare shows up as a contribution to GDP if we got more efficient our GDP could go down ...

Glenn Beck The Coming Insurrection 2/11/ 2010

From 2010
The Coming Insurrection. What is Coming in Europe and How To Prevent it From Happening in America. Guests Tonight: Authors Niall Ferguson, Brian Doherty and Damon Vickers of Nine Points Capital Partners

Marc Faber : because of the FED interest rates Money Flows to Singapore, Thailand, Malaysia, markets where you can have stocks yielding 5% on the dividend

Marc Faber : “I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks.”

Marc Faber : I was one of the first investors in South Korea and Taiwan in the late 1970s

DR. Marc Faber Editor and Publisher of "The Gloom, Boom & Doom Report" on Leaderonomics Show



Marc Faber : .....basically in 82 to 87 we had a huge stock market boom and market became very over bought in 1987 and partly also significantly over valued , and so I predicted the crash and as it happened , within a week it happened then the journalists in Honk Kong will start calling me Doctor Doom because I started to predict that the Japanese stock market will be cut by fifty percent ...etc...and then in the 1990s late 1990s I was very bearish about the US technology stocks and felt that they would collapse and so forth , so many times I identified the markets that were overvalued ...same time I was one of the first investors in South Korea and Taiwan in the late 1970s and in Asia in the early 1980s when the markets became very cheap because we had a boom between 76 and 1980 and after 1980 we had a big decline in most Asian markets in mid 80 and then in the late 80s I started to travel to Latin America I felt that there was an under evaluation there due to high inflation so I started to buy Latin America , and then I was one of the founding partners of the first Russia fund in 1993 ...so to my credit I discovered many markets and also my book tomorrow's gold Asia's age of discovery it is not a bearish book , it is bearish about the United States bearish about the world but very bullish about Asia , it was published in 2001 I wrote it in 2001 It was very positive about commodity prices ....etc.....
Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" and author of the bestselling "Tomorrow's Gold". Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude.

Catherine Austin Fitts : Financial Coup dEtat !! - Alex Jones Tv

Alex Jones talks with Catherine Austin Fitts, the president of Solari, Inc., the publisher of The Solari Report, managing member of Solari Investment Advisory Services, LLC. Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration.

Edward Hugh : How Life In The Internet Changes The Practice Of Macroeconomics

Speaker: Edward Hugh
Chair: Professor Luis Garicano
This event was recorded on 14 February 2011 in Sheikh Zayed Theatre, New Academic Building


A surprising feature of economic analysis of the current crisis has been the pivotal role played by a small number of bloggers, often positioned far from the academic mainstream. This event will feature one of the top bloggers on the Euro Crisis who will discuss the role the bloggers have played in our understanding of the current Euro Crisis, and in what ways having more data in our hard drive than the sum total of all previous economists changes our understanding of macroeconomics. Edward Hugh is an independent macro economist based in Barcelona. He studied at the LSE, where he obtained his BSc (econ). He then went to Manchester University where he was awarded an MSc in the philosophy and sociology of science. He subsequently persued doctoral studies there for a thesis which was never completed. He is a regular contributor to a number of weblogs, including A Fistful of Euros, Roubini Global Economics Monitor, Global Economy Matters and Demography Matters. He also has an active and widely followed Facebook community. For more information on Edward Hugh see the recent profile in the New York Times. Luis Garicano is a Professor of Economics and Strategy at the LSE's departments of Management and Economics.

Marc Faber : Emerging Economies are very tied to the Chinese economy

Marc Faber :".......In general, the issue is that between 2008 and today, emerging economies have performed very well economically speaking and the rest of the world has not, and therefore, we had an outperformance in emerging economies' stock markets. Now, the question is emerging economies are very tied to the Chinese economy, and if the Chinese economy slows down or goes into a recession or there is a bubble that bursts in China, before the developed market economies recover strongly, what the implications will be on equities? That's why I feel more comfortable today to move back some money out of emerging economies into the developed markets. ...."
via www.economictimes.indiatimes.com

Ha-Joon CHANG - 23 Things They Don't Tell You About Capitalism

Speaker: Professor Ha-Joon Chang
We may like or dislike capitalism, but surely we all know how it works. Right? Wrong. Today, most arguments about capitalism are dominated by free-market ideology and unfounded assumptions that parade as 'facts'. This lecture in which Ha-Joon Chang will talk about his new book 23 Things They Don't Tell You About Capitalism| tells the story of capitalism as it is and shows how capitalism as we know it can be, and should be, made better.


Ha-Joon Chang (born in South Korea in 1963) is a leading heterodox economist specializing in development economics. He currently teaches political economy of development at the University of Cambridge. He is the author of numerous influential books, including Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), who won the 2003 Gunnar Myrdal prize awarded by the European Association for Evolutionary Political Economy (EAEPE).

One of the main disciples of Joseph Stiglitz, Ha-Joon Chang has worked as a consultant for the World Bank for the Asian Development Bank for the European Investment Bank, for various UN agencies and the NGO Oxfam . There is also a member of the Center for Economic and Policy Research in Washington, DC

He received the 2005 prize for the advancement Leontieff limits of economic thought (awarded in the past including Amartya Sen, John Kenneth Galbraith and Herman Daly), awarded by the Global Development and Environment Institute.

Debating Inflation vs Deflation : Gary Shilling vs John Tamny

big debate over inflation vs. deflation featuring Gary Shilling of A. Gary Shilling & Co. and John Tamny, editor of RealClearMarkets.com
Gary Shilling, author of The Age of Deleveraging, remains bullish on the dollar and Treasuries. He says a "speculative bubble" is driving up commodity prices; a bubble he believes will pop when China's economy suffers a "hard landing,"

Inflation Watch

Feb. 16 2011 | CNBC's Steve Liesman breaks down the PPI data.

Inflation Creeping up

Featuring Bloomberg TV's Adam Johnson and Dominic Chu : Bloomberg Television's Under the Radar: Inflation, Trains & Play-Doh

Joseph Stiglitz interview ManagemenTV

ManagemenTV - Joseph Stiglitz

Marc Faber : I still like the agricultural commodities

Marc Faber :.."...I still like the agricultural commodities, but they have had a very big move - in some cases 50% - over the last 3 months. So potentially, we will get kind of a setback here, a correction. But in general, I am still positive on agricultural commodities and I am still positive about precious metals whereby precious metals have become very popular lately and they have been very strong, including gold, silver, platinum, palladium and a correction is also overdue.

The whole world is now optimistic and positioned to take advantage of forever expansionary monetary policies by buying assets, precious metals, real estate, equities, and everybody believes that the central banks in the world will print and print and print and print. That is correct, they will do that, but they printed, printed and printed and we still saw a financial crisis in 2008. So I can print and print and print, and you can still have big corrections in the market. But I believe that if the S&P in the US drops 15-20% to around 900-950, the Fed would come out not with this quantitative easing No. 2, but with quantitative easing No. 2, 3, 4, 5, 6, 7, 8, 9, 10 until the asset markets go up again. They are going to print and print and print. ..."
in ET Now

US frustrated over skyrocketing food prices

The massive protests in Tunisia, Egypt and across the Middle East that toppled two dictatorships in less than a month drew millions into the streets, and they may have started at the kitchen table. Food prices have surpassed 2008 food crisis-levels around the world, and inflationary prices are leading to protests—and contributing to revolutions. Basic staples like corn, wheat, milk and cereal are rising the fastest as the US pushes producers to convert corn crops to ethanol and big Wall Street firms hedge their bets on commodities speculation.

Marc Faber : inflation will dominate the short-term scene, gold and silver among the more desirable holdings in the event a major war breaks out

"The US public debt could be much higher if unfunded liabilities like Medicare are included," Investment guru Dr. Marc Faber said on 14 Feb 2011 in Bangkok as reported by The Bangkok Post newspaper "There are not many options. The US will need to keep printing money for the time being." Marc Faber explained that he sees gold and silver as wise investments in case of a war in the middle east or elsewhere :
"If there is a war, gold and silver would be desirable investments to hold," he said
"There will be times like the 1990s until 2008 when gold outperformed stocks and vice versa in 2009. But the key is flexibility. We don't know how the world will look in 10 years' time."
"Inflation will be an issue in Asia and the Western world. I think governments around the world will increase interest rates sufficiently to combat inflation." he added
via www.bangkokpost.com

Ellen Brown Talks Web of Debt, The Wizard of Oz, Inflation, Deflation

Tarek Saab interviews Ellen Brown about her excellent book, Web of Debt, as well as the allegory of the Wizard of Oz, food riots in Eqypt, and much more.

Joseph Stiglitz Who Sank The Global Economy

The visiting Nobel Laureate and global economist Joseph Stiglitz explains how a free market approach to the financial market has failed us, and how selective government intervention can prevent another worldwide crisis.

Marc Faber : The world will hit one day peak Oil

Marc Faber :"....Yes, I am still positive about oil and I am aware that some analysts predict oil prices to drop to $30 and copper prices to drop 70%, but the fact is simply the oil demand now-a-days in emerging economies exceeds for the first time in the history of capitalism. The oil demand in the developed world and this oil demand in emerging economies will continue to go up. So the demand side looks quite strong.
On the other hand, you have prices between $70 and $80 and someone could argue well that that is a very high price and so maybe prices will temporarily decline - that may be the case. But I would like to point out that for any oil company to go and explore and drill for new oil, the oil price has to be around $70. Otherwise, they would not do it because the marginal cost of new production is around this level.
Secondly, unlike say a farmer who harvests, oil is a finite resource in the sense that once you pump it and you burn it, it is no longer there. The farmer can harvest his crop every year again and again and again. In the case of oil, once you pump it, it is gone and you use it. So in most countries, oil production is going down and oil reserves are going down. In other words, the world will hit one day peak oil, the way the US hit peak oil in 1970. So the dynamics between the demand and the supply side look actually quite promising in the long run. ..."
in www.economictimes.indiatimes.com

Marc Faber : We will have more volatility in 2011 than in 2010

Marc Faber : ....We will have more volatility in 2011 than in 2010. It is futile to say which asset class would do the best. Maybe, for the next two weeks, this asset class will do the best and maybe for the following two weeks, that asset class will do better. There will be a lot of group rotations....
in www.moneycontrol.com

Interview with Author Matt Taibbi

Matt Taibbi discusses his book "Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America" and the stunning rise, fall and rescue of Wall Street in the bubble-and-bailout era and the inner workings of politics and finance in America.



great talk, unfortunately even though Taibbi has it down and explains it clearly, it is still too complicated for the American public to understand how the system has shafted them and saddled them with 40k$ debt per capita that their children and grandchildren will be paying off assuming we dont go the way of all the previous empires and just simply default after the revolution ...

Marc Faber : corrections can occur in agri commodities as in 2008

Q : Last time when we interacted, you were bullish on wheat, you were bullish on orange juice and you were bullish on sugar. Do you still like all these 3 agri commodities?

Marc Faber : Yes, I still like these commodities, but because they moved up so strongly, I would be a little bit careful about mortgaging my house and buying all these commodities. They will continue to move higher, but corrections can occur. What disturbs me is this kind of universal belief that you have to be in commodities, you have to be in precious metals, you have to be in equities and not in cash because governments - in others words central banks - will keep on printing money and the value of paper money will go down. I agree with that but as I pointed out, we can still get meaningful corrections as occurred in 2008.
in ET Now www.economictimes.indiatimes.com

Marc Faber : Bernanke and he Bureau of Labor Statistics is continuously lying about the inflation

U.S. Government Lying About Inflation and Jobs Market
Marc Faber : " I have very large subscription base and I ask my readers whoever thinks that the cost of living is going up by less than 5 percent per anum to please send me an email ...I did not one single email  and I guarantee you also for your family and for every family in the US that The annual cost of living increases are more than 5% today and the Bureau of Labor Statistics is continuously lying about the inflation rate, including Mr. Bernanke. He’s a liar. Inflation is much higher than what they publish.I think that inflation is between 5% and 8% per annum in the US, and in Western Europe, a little bit lower, also 4-5% per annum.”..Marc Faber estimates that inflation in the US was currently Is Running Up To 8 per cent , and between 4 and 5 per cent in Europe.

Hyperinflation, Food Crisis, Federal Deficit, Collapse?

where do you think the economy is headed? Hyperinflation - Riots in the Street - IMF is a scam and so is The Federal Reserve System Learn how to PROTECT YOUR FAMILY! This is just a taste of what is to come around the world in the coming hyperinflation. Educate yourself now before it's too late.The IMF destroys everything. Look at Greece, Portugal, Romania and many others. Once prosperous, now with the IMF the people are in the streets.

Marc Faber : After a period of heavy money printing war follows

Marc Faber & Nassim Taleb at Russia Forum : Is Russia the Best or Worst in BRIC?
Marc Faber explains why oil is the best investment right now, whether you’re bullish OR bearish on the world economy. Interesting…Marc Faber on Is Russia the Best or Worst in BRIC?
Marc Faber starts at 24:24 minutes and Nassim Taleb at 40:00


The following transcript was done manually by the author of this blog so it may not be 100% accurate ...
Marc Faber :"....we are living in a very complex world and when I look at it , we have different asset classes equities bonds governments bonds , we have real estate and commodities and so forth and so on and depending on your perspectives you may chose different asset classes , they are no such a thing as the best emerging market I do not focus so much on BRIC , I focus on the developed world of the west , America and Western Europe and in terms of another industrialized nation Japan and everything else that is emerging where 80 per cent of world population lives , I do not find that one country is the best compared to another one because when it comes to assets there is no asset that is always the best , but an asset can be the best at the right price , when the price is depressed and the best asset if the price is too high is not a good asset so I think that we have to look at it that way ...from an investment point of view we have a big debate in the world whether we have a deflationary collapse or an inflationary boom , and I'd like to introduce a thought where you would chose an asset that will perform well under either condition , in a deflationary bust you have a credit collapse so the one thing you do not want to own are US government bonds , because they won't be able to pay , and before they can pay they will print money like there is no tomorrow so the dollar would continuously depreciate which obviously would be good for assets that you can multiply such as commodities and precious metals , I separate precious metals from commodities ...but then I also think if they print money what then usually happens is that the standards of living of the middle class and the working class goes down because the cost of living increases faster than wage gains and so the population becomes very dissatisfied and eventually the government do stay in power to distract the attention of the people either goes to war or blames a minority for the mishaps ,and so forth but usually after a period of very heavy money printing war follows ...so If I invest today, I am considering the following: it is conceivable that because of ultra expansionary monetary policies in the world, and ultra expansionary fiscal policies in the US in particular, we have a temporary crack up boom. And the demand for oil in the western countries which has been declining since 2008, starts to pick up, and combined the oil demand in the world surprises on the upside, and pushes up oil prices, which would be beneficial for the oil producers, in particular Russia and Kazakhstan. Or you have what I think eventually happens: a complete systemic breakdown. I am the most bearish person long-term. If there is a complete breakdown, as I described with money printing and war, you want to be in commodities, specifically oil, because during war times commodity prices go ballistic. So whether you are very bullish or very bearish you should invest in oil....."

James Chanos Talks about Munis

Feb. 10 2011 |
James Chanos, Kynikos founder & president, shares his insight on muni bonds now.

Bernanke Sees Little Inflation Risk

Federal Reserve Chairman Ben Bernank went before Congress Wednesday to defend the central bank's monetary policies. He told the committee he see's little immediate inflation risk in the U.S. Elsewhere in Washington, another member of Congress announced he would not seek re-election, while overseas, violence flared again on Day 16 of Egypt's anti-government demonstrations.

Marc Faber : Precious Metals will be higher than they are today In three years ,

Marc Faber : "...In three years or 10 years time, precious metals will be higher than they are today. But we may have a correction coming in the next, say, three months. But in general, when I look at the risk and the reward, it is very likely that precious metals will continue to perform reasonably well. But if S&P drops to around 950, then the Fed will again massively ease and print money. So the surprise could actually be that in nominal terms, equity markets actually go up. They may not go up in gold terms, but they may go up quite strongly in nominal terms. So I would not be overly bearish about equities...."
in www.economictimes.indiatimes.com

Marc Faber on the Russia Forum 2011

Marc Faber said that he likes the Japanese market. He would short Treasuries, and believes that expectation of inflation is now consensus.
Equities are better than debt in crisis. Gas is a good short-term trade. Commodity spikes often reverse rapidly, and he would short industrial commodities at some stage this year. Short term, equity markets look ready for a correction. Higher oil prices act as a tax on consumers. Long term, he is negative on the dollar as rates will stay far too low.
source http://2011.therussiaforum.com/news/news-04022011-5

Steve Forbes: If printing money was the way to wealth then we should legalize counterfeiting

Steve Forbes : If printing money was the way to wealth then we should legalize counterfeiting , but the government does not like competition that's way Peter Schiff added . On the Peter Schiff Show, Steve Forbes declared: "If printing money was
the way to wealth, then we should legalize counterfeiting"

Jim Chanos : The Chinese Bubble going to Burst ?

Is property boom in China really 65% of GDP? And if that bubble pops...Jim Chanos, founder and president of New York investment company Kynikos Associates, is an unapologetic China bear. Earlier in the year, Chanos famously described China's fixed asset malinvestment and manufactured growth as "a treadmill to hell". He then recently followed up with a cracking interview/article in Fortune, describing in detail some of the key problems afflicting the Chinese economy. Now Chanos has continued his crusade with the above interview on CNBC.

Joseph Stiglitz : How the World can Rethink its Approach to Global Finance

How the World can Rethink its Approach to Global Finance (Joseph Eugene Stiglitz)
About Joseph Eugene Stiglitz
He is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank.

Inflation Nation?

Feb. 7 2011 | Discussing the risk of inflation worldwide, with Greg Peters, Morgan Stanley Global Head of Fixed Income Research, and Richard Bernstein, CNBC contributor.

Geopolitical Risk of Inflation

Feb. 7 2011 | Assessing the geopolitical risk of inflation, with Keith McCullough, Hedgeye Risk Mgmt, and Richard Bernstein, CNBC contributor.

Steve Keen on Bear Radio: A moment of Minsky

Steve Keen on Bear Radio: A moment of Minsky , Professor Steve Keen.and Australian Economist

No Inflation - are you sure? Peter Schiff, Ron Paul, Nassim Taleb, Jim Rogers and Marc Faber

Is there no Inflation? Peter Schiff, Ron Paul, Nassim Taleb, Jim Rogers and Marc Faber

Marc Faber Belgium is completely irrelevant On the global scale

Marc Faber - Ter Zake 15 December 2010

Dr. Marc Faber on a Belgian Tv called Belgium together with other European PIIGS countries irrelevant on the world economic scene today , Belgium is part of the rotten apples in Europe together with Greece Portugal Spain Ireland ....DR DOOM Marc Faber, visionary and bestselling author of economic trends is the main guest on Outlook 2011. Marc Faber understands like no other art to deliver more accurate financial and economic trends to predict. And he is not afraid to back against the prevailing opinion should be granted.


Marc Faber :" I think what you need to avoid are government bonds , now can they rally for ten days ? it could be the case but in general you do not want to be in sovereign bonds certainly not of countries like Spain Portugal Greece Ireland Iceland and so forth , because they will have to be restructured , but the problem is usually when you have bad apples in your family the whole family becomes rotten and so all the European governments in my opinion will have government debts that probably will become difficult to pay off or even meet the interest payment on the government debt ....I am not interested in Belgium in the sense that the world has six billion people we have 1.3 billion people in China one billion in India , and I live in Asia , Asia 3.6 billion people , it is a growing region it is demographically young with the exception of Japan , and so I have a special knowledge about Asia and therefore I also invest in Asia and I have two or three investments in Switzerland but hardly any ....On the global scale whether Ireland exists or does not exist even if Spain exists or does not exist or Belgium exists or does not exist is completely irrelevant it is sad to think of oneself that I am completely irrelevant but that's the fact of economic life today..."

Joseph Stiglitz and Rogoff - INVESTMENT MAGAZINE Davos

Joseph Stiglitz and Rogoff - INVESTMENT MAGAZINE Davos The INVESTMENT - MAGAZINE - THE ORIGINAL- was founded in 1995. We publish three editions, one global, one for Asia and one germany, Austria and Szwiterland. Itappears with a German edition, a global issue and an Asian edition for more than 10 years as an independent magazine for investors and financial professionals.

Marc Faber : the only sound currencies are hard currencies like gold, silver

Marc Faber : ...Well, I wrote first about gold in 1998 when it was below $300 and then the low was at $252 an ounce in '99, and since then, I have been advising people to accumulate some gold. So, right now, obviously the price has gone up and we had the 10 year bull market, so I am a bit more cautious. But in general, because of the money printing I was referring to earlier, I don't think that there are any sound currencies anymore, paper currencies, and that the only sound currencies are hard currencies like gold, silver, platinum and palladium....
in www.bbc.co.uk

Marc Faber interview with BBC Business Daily 24th Jan 2011

Marc Faber interview with BBC's Business Daily 24th Jan 2011



Marc Faber : ...I am very negative about the world, because I think that what caused the crisis in 2008 was excessive credit growth, excessive leverage in the system, and now the private sector is deleveraging, but governments are printing money, and through huge fiscal deficits are creating even more debt growth. So in other words, what killed the economy is now being applied to revive the economy, and I think this will lead to a disaster. But if you think it through and you believe in the disaster scenario I'm envisioning, then you will be better off in equities and in commodities than in government bonds and cash...etc...

Marc Faber : The Indian stock markets could see a correction of around 20%

Marc Faber :.."...You have lost 8%, but before that, the Indian stock markets went up by more than 100%. So, 8% is a moderate correction which may continue from the top to the bottom. It would not be surprising to see a correction of around 20%....."
in www.moneycontrol.com

Marc Faber : I do not think I would necessary invest in Venezuela

Marc Faber :"...I do not think I would necessary invest in Venezuela and my concern about commodities and warrants on China, mainly economies that have larger exports to China than to the United States, is that some time in 2011 or 2012, there will be disappointments coming out of China. The most vulnerable assets are assets that are tied to the Chinese economy, precisely like industrial commodities, copper and currencies of countries like Australia and Canada and also their stock markets...."
in ET Now