Wednesday, August 11, 2010

Marc Fabers Doomsday scenario

Investment guru and publisher of The GBD report, Marc Faber, recently wrote in his newsletter, "The Gloom, Boom & Doom Report,"
"Prechter is right when he says that when manias come to an end, prices tend to retreat to where the mania started,” “So from this point of view, a Dow Jones at 1,000 should not be excluded." A Dow 1,000 will be positive for one industry which is the Printing industry Marc Faber says. “Does anyone really think that the money printing presses won't run 24 hours a day?” ... if the Dow falls below 1,000, "Buy a self-sustainable farm in the middle of nowhere 'surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans" Marc Faber says
Faber does not rule out the eventuality of a world scale devastating war “The next war will be a dirty war,” "What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?” Marc Faber told fund managers in a keynote speech at CLSA’s annual investment forum in Tokyo early this year ,

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