QE will not End with Ben Bernanke

Marc Faber :   I don’t think they[Fed] will end QE. I rather think they will have to increase it because as you print money or as you purchase assets, from a central banking point of view, it loses its impact over time. In order to keep the impact going, you have to essentially increase it. I believe that the Dovish members of the Fed will print more money. Especially after the resignation of Mr. Bernanke early next year, when he will be replaced, there will be even more Dovish members.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : I feel sorry for Mr Bernanke , academically he knows everything but he has no clue about the real world

Marc Faber : we can drop as many dollar bills on the United States , but we do not know where the money will flow to , it flowed into the NASDAQ until March 2000 then it flowed into the housing market until 2006 , 2007 but basically where economic activity was occurring and boosted was outside the US , and the more the US will print money the more in my opinion the dollar will depreciate against some currencies may be not all because say the Euro is certainly not more desirable than the US dollar , it will continue to depreciate against currencies like Gold Silver Platinum and probably Palladium , I mean I feel sorry for Mr Bernanke , because he really does not get it , he does not understand , he is a typical academic , you know a typical academic is a professor in medicine that knows everything about how a patient become sick but does not know how to cut something like a butcher and therefore can't operate on a patient , Mr Bernanke academically he knows everything but he has no clue about the real world no clue whatsoever- in Financial Sense Newshour Inreview 15 July 2011

Bernanke FOMC Press Conference - 22 June 2011

Fed Chairman Ben Bernanke gives insight on why the FOMC downgraded economic growth by half a percentage point and decided to hold rates steady.
Ben Bernanke :"good afternoon, welcome. in my opening remarks today, i'll briefly review today's policy decision and I'll place the decision in the context of our economic projections and our policy strategy. I'll then be glad to take your questions. throughout today's briefing my goal will be to reflect the consensus of the committee while taking note of the diversity of views as appropriate. of course, my remarks and interpretations are my own responsibility. as indicated in the policy statement released earlier this afternoon, the committee decided today to keep the target rating and the federal funds rate at zero to 0.25%. the committee continues to anticipate that economic conditions including low rates of resource utilization and the subdued outlook for inflation in the medium run are likely to warrant exceptionally low levels for the federal funds rate for an extended period. the committee plans purchases of $600 billion of longer-term treasury securities will be completed by the end of this month and the committee will continue to reinvest principal payments from a securities holdings going forward. in conjunction with today's meeting, the FOMC participants submitted projections for economic growth, the unemployment rate, and the inflation rate for the years 2011 to 2013 and over the longer run"

Ben Bernanke Federal Reserve Press Conference

Ben Bernanke Federal Reserve Press Conference . The full conference was an hour long, Bernanke speaks thew gold and silver prices soar , I love it ...we should thank this guy someday for making us richer just by opening his mouth....by the way I wonder where this guy lives , he keeps on talking about 'recovery' improving 'employment' rate ...etc...I am just speechless...

Marc Faber : Ben Bernanke is a Murderer of the Working & Middle Class

Marc Faber : Ben Bernanke is a Murderer of the Working & Middle Class


Max Keiser and co-host, Stacy Herbert, of the Keiser Report quote Marc Faber saying that Ben Bernanke is a murderer of the Middle and working class he said the same thing by the way during his interview two days ago with the Peter Schiff Radio , if you print money everything goes up and now the money printing does not go into the housing because e have an oversupply of housing but it goes into equities and for Mr Bernanke unfortunately into commodities and this is lifting the cost of living of the median household of the typical household in The US , Dr. Marc Faber was quoted as saying by Max Keiser and Stacey Herbert

BERNANKE SAYS THE FED ISNT PRINTING MONEY

BEN BERNANKE SAYS THE FEDERAL RESERVE ISN'T PRINTING MONEY , of course he does not , they just create money in the form of digits in computers hard drives....

Marc Faber : Bernanke lies on inflation

Marc Faber : “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. Marc Faber believes that Pakistan may be the next to fall into chaos after Tunisia and Egypt :
"You may not have a problem in Saudi Arabia and in the Emirates, in Kuwait and Qatar, because there the governments can heavily subsidize food if they want to. But I am worried that what has happened in Egypt will happen in Pakistan... I think Egypt is a reminder to people that politics, and social events, and geopolitics have a meaningful effect on asset markets. The developed markets have way outperformed, and now I think that it may be a wake up call that the US outperforms emerging economies for a while."



Feb. 2 (CNBC ): Inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the "Gloom, Boom and Doom" report told CNBC on Wednesday, with increases in the cost of living between five and eight percent in the United States and just below that in Europe.
(Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses his investment strategy in emerging markets and the outlook for the U.S. recovery. He speaks from Troika Dialog's "Russia Forum" in Moscow with Andrea Catherwood on Bloomberg Television's "The Pulse."

Marc Faber : Bernanke is a liar

Marc Faber on CNBC 02/02/11

Feb. 2 2011 | Inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the "Gloom, Boom and Doom" report told CNBC on Wednesday, with increases in the cost of living between five and eight percent in the United States and just below that in Europe.
Marc Faber : we are all doomed in the long run , what is happening in Egypt could happen in Pakistan ....Ben Bernanke is a liar he lies about the annual inflation rate in the United States ....

Marc Faber : Bernanke cannot print Gold

Marc Faber : Cash at 0% doesn’t accumulate wealth either. The moment central banks implement monetary policies where they keep interest rates negative in real terms, in other words interest rates are lower than the rate of cost of living increases, then it is very difficult to value anything. The only thing I can say is, Mr Ben Bernanke, Chairman of the Federal Reserve, and other central banks, they can print an unlimited quantity of money, but you cannot print gold. Gold is limited by its annual supply of around 2,500 tonnes annually. So it is not that gold is going up, it is that the paper value of money, the purchasing power of money is going down vis-à-vis a unit of account, which is gold.
in www.bbc.co.uk

Bernanke : I am not monetising , we do not print money sleight of hands

Jim Puplava responds to calls about Bernanke monetising, money printing
recorded on January 15th 2011

Bernanke US Federal Reserve Chairman predicts slow recovery

Ben Bernanke, the Chairman of the US Federal Reserve, says the US economy will continue to recover slowly.

BEN BERNANKE 60 MINUTES DEC 5 2010

Fed Chairman Bernanke On The Economy

Fed Chairman Ben Bernanke gives a rare interview to Scott Pelley in which he discusses pressing economic issues, including unemployment, the deficit and the Fed's controversial $600 billion U.S. Treasury Bill purchase.


He knows what is coming down the line: civil unrest. Pelley failed to ask some hard follow-up questions like, "So do you think Congress will extend unemployment benefits for 'a protracted period of time'?" Not one word about why they exclude food and energy prices from inflation calculations. "Some people think the $600 billion is a dangerous thing to try." That would include members of the Federal Reserve. "Panic of 2008"? Only panic was at Goldman Sachs - will I get my bonus? Sure!At this point there's nothing to save this house on cards economy. This system encourages people to act irresponsible, taking on huge risks to overconsume. When you over-consume you take your future consumption away, and here we are out of money buried in debt. It needs a national chapter 11 to liquidate the debt in the system before it can truly recover. A few QE tweaks here and there ain't gonna cut it.

Bernanke Addresses Business Leaders in Ohio

Nov. 30 2010 | Federal Reserve Chairman Ben Bernanke holds a "Conversation on the Economy" with business leaders in Columbus, Ohio.

Bernanke On Housing Finance

Mon. Oct. 25 2010 | Fed chief Ben Bernanke discusses the future of housing finance in America.

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

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

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


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