Marc Faber interview RTL Z 16-03-2010

Marc Faber interview RTL Z 16-03-2010

Marc Faber Obama stimulus is a failure

Marc Faber calls stimulus a failure

The Obama administration's effort to reinflate the U.S. economy with government spending is destined to do more harm than good, Marc Faber author of the ''Gloom, Boom and Doom Report'' says.

Now you need a machine gun Marc Faber

Marc Faber on Lateline

Marc Faber : "having faith in the US administration? I wonder WHO on Earth would have faith in the US administration. Certainly, not someone who thinks!"
"Ben Bernanke is like a ship captain , he has warning signs he sails the ship , the storm is coming , he disregards any warning signals , he disregards the storm signals , he sinks the ship thousands passengers drown , he saves the crew in his control tower 5 officers and himself in a life boat , then he gets the medal for bravery for saving 5 people , that's wall street the 5 people , the rest of the country is basically bankrupt " "It's a total joke "
"whoever would have been appointed would have been Obama's puppet , there is no better choice "
"now you need a machine gun!"
"It's very difficult for me to make any forecasts out 9-12 months myself, because I have to see to what lengths the government and Fed will continue to go. My assumption is there is nothing that will stop them - they don't have to face voters until August 2010 recess so the piggy bank is their oyster for the next 11 months."

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Marc Faber Lateline TV Australia Peter Schiff economy economic collapse crash gold silver oil bubble doom inflation depression recession rogers faber ron paul ben bernanke euro dollar currency crisis stagflation commodities bear bull market

Equity Market will correct sharply Marc Faber on NDTV Sept 1st 2009

Expect big moves in the dollar in the next 10 days

Investment guru Dr Doom Marc Faber said that the correction in equity markets was overdue after the huge run-up since March and currency markets are due for a change in its course.Correction in markets is already underway , China is off 20% from peaks , Currency markets due for a change in course , Since June Euro trading in a narrow range against the dollar , Expect big moves in the dollar in the next 10 days , Dollar will strengthen , equities will correct sharply , Market correction to be led by valuation concerns , Rate of gains in equities has diminished , USD to rebound , Faber then speaks about a wide range of topics including China , India agriculture commodities etc...

We have to distinguish between the stock market and the real economy Marc Faber

Dr. Marc Faber shares thoughts on global financial recovery on ABC Lateline Business Interview 26 Aug 2009

MARC FABER: We have to distinguish between the stock market and the real economy. The real economy began recession in late 2007 and then between September 2008 and March 2009 we fell off the cliff. And then we were at the very low level of economic activity. And then the huge stimulus packages kicked in and the money printing kick kicked. In other words zero interest rates and quantitative easing by the Federal Reserve and also other central banks.
That then stabilized the global economy and when you have car sales dropping 50 per cent and more, then you of course will have a rebound. But the question is how sustainable the rebound will be, or is this rebound at the present time borrowed from the future? My sense is that - and here I am talking about the economy - that the economy in the near term can recover and maybe the recovery will be somewhat lengthier than expected. The crack of boom because the first stimulus package in the US, probably will be followed by a second one, and money printing will lead to even more money printing next year, so it can last 12 to 18 months. And then we will get another set of problems arising from ... each government action has unintended consequences.
Dr Marc Faber aka Dr Doom is one of the world's best known economists, author publisher and editor of the Gloom Boom and Doom report, and author of Tomorrow's Gold

Marc Faber Interview with the Economic Times 20 Aug 2009

Marc Faber's view on global markets

“We had a very powerful rally starting at the beginning of the year and after March many emerging markets have gone up over 100 per cent or so. So, a correction is nothing unusual at this stage of the cycle. Although the global economy has stabilized, we are not out yet of the woods and valuations have become somewhat stretched. Stocks didn’t go up necessarily because of improving fundamentals but because of liquidity injection and large stimulus package from all over the world,” said Dr Marc Faber speaking author editor and publisher of the Gloom Doom and Boom Report and investment guru in an exclusive interview with the economic Times ET Now speaking about the the global markets

This is a Liquidity driven Rally Marc Faber

Dr. Marc Faber on King World News 22 Aug 2009

This is a Liquidity driven Rally Marc Faber
Dr. Marc Faber is often quoted in both national and international media. He has appeared at one time or another in virtually all financial media such as Bloomberg, CNBC, etc. and is a regular contributor to several leading publications around the world, Forbes and "International Wealth" a sister publication of the "Financial Times" amongst them. Others include Die Welt, Finanzen, Boerse, Swiss Radio, Apple Hong Kong and Taiwan, Quamnet, Winners, Wealth and Oriental Daily. These, he writes on a regular basis. He also writes occasionally for the Herald Tribune, Wall Street Journal. He is the Editor and Publisher of The Gloom, Boom and Doom Report and his website can be found at GloomBoomDoom.com. In this interview Marc talks about dubious financial practices, deflation, inflation, hyperinflation, effects of hyperinflation, the U.S. stock market, excessive financial speculation, stimulus packages, the U.S. Dollar, The Fed, Bernanke and much more.

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Marc Faber China economy will eventually implode

Marc Faber My guess is that Chinese economy is growing between 0% and 3.5% despite the stimulus

The big question is when is the Chinese economy also implode " may be it will happen in 2010 , in China there is an investment bubble ...the total collapse is ahead of us and probably a world scale war...

The Next Bubble Can Be In Equities Marc Faber

"There is a bubble that the FED and the government are creating right now and this is a bubble in government debt, in the size of it. They are being very successful at that.

Eventually the US Government will go bankrupt the way California is almost bankrupt, but that will take some time. The next bubble in my opinion can be a bubble again in equities." Marc Faber told Bloomberg TV early this week
Marc Faber was also a speaker at The Agora Financial Investment Symposium in Vancouver and had an hour long interview with CNBC Asia here are some of the quotes from Marc Faber :
The world has not seen the end of the financial crisis and the recent surge in markets was a result of excess liquidity coming from central banks, Marc Faber told CNBC in an interview.

"If you pump money into the system and you create large fiscal deficits, you create volatility," Faber, author of the Gloom, Boom and Doom Report, told CNBC in remarks reported on its website.

"We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months -- the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.

Faber, who did not forecast a precise time for that crisis, told CNBC that firing half the government workers in the world would be one way of dealing with the crisis.

"If you shift government activity to the private sector the economy becomes more dynamic," Faber said. (Reporting by Ajay Kamalakaran in Bangalore)

We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday.

"If you pump money into the system and you create large fiscal deficits, you create volatility," Faber said.
"We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months… the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.

Asked when this would be, he said he could not forecast a precise timing: "it may be 5 years time, 10 years time, but that's not the last crisis."

There are two opposing views, those who believe deflation is the big danger, with asset prices and demand collapsing, and those who think the biggest risk is inflation and a weak dollar, Faber said.
"In general in a crisis such as we have today where there is a deficiency of demand and huge overcapacity under normal conditions you would have deflation… now comes in the government and creates these huge deficits," he added as an explanation for his belonging to the "inflationists" camp.

"Already you have money-printers Mr. Bernanke and Mervyn King… we have never had this experiment in the history of mankind, all governments throwing money at the system," Faber said.

One way of dealing with the crisis would be to fire half the government workers in the world, "because if you shift government activity to the private sector the economy becomes more dynamic," he said.

"It's a transition time that is maybe painful. Why does California have these problems? It's not that there are too many teachers in California but the education department is very bloated," Faber added.

This Crisis has brought more entangling between Wall Street The Treasury and the Federal Reserve Marc Faber

The final crisis may only happen in five years time : Marc Faber

Your portfolio has come up a bit would you be confident the crisis is actually over as some governments pretend that we have seen the end of the tunnel : Marc Faber the editor and publisher of the Gloom, Boom and Doom Report from Vancouver where he was a key speaker at the Agora Financial Investment Symposium this 21 July says " I think the various coordinated fiscal and monetary measures around the world they stabilized the economy , and after having collapsed between September of last year and march of this year we can have a rebound in economic activity , but I mean if you look at Caterpilla actually revenues are contracting and earnings were better because they fired a lot of staff they laid off 35 000 people but if you think about it the laid off people are actually the customers of somebody else , so I think that the economy is going to rebound somewhat and probably will have another dip and the final crisis may only happen in five years time because do not forget this crisis and the crisis essentially should solve the problems and clean the system , this crisis so far has actually aggravated the system and has brought about more entangling between Wall Street The Treasury and the Federal Reserve , and a lot of misguided practices that are detrimental to the health of the economy " You should own foreign shares partly resources stocks and partly shares in Asia and I would own some physical Gold silver and platinum said Marc Faber

Marc Faber Inflation vs Deflation and A Worldwide Bubble in Everything

Marc Faber at the Agora Symposium on HoweStreet in Vancouver BC Canada this July .Dr Doom says "the media under the influence of some Harvard professor and the Federal Reserve they paint deflation as bad and inflation as good and so forth ...when in fact the US begun the whole 19 century with 4 million people they ended the 1900 with 80 million population and we had the entire and we had the entire industrialization growth in real terms between 1800 and 1900 much higher than it was been in the last one hundred years , the wages were flat and the prices went down it is the reverse of what we have today , where an average American wage is having trouble keeping up with the everyday increasing prices not the Goldman Sachs wages of course ... what brought is in this trouble was the bubble itself...the purpose of every crisis is to clean the system The final crisis is still to come where the whole system will collapse and the whole system will be cleaned of corrupt politicians and wrong policy makers....

Marc Faber One way of dealing with the crisis would be to fire half the government workers in the world

The world has not seen the end of the financial crisis and the recent surge in markets was a result of excess liquidity coming from central banks, Marc Faber told CNBC in an interview.

"If you pump money into the system and you create large fiscal deficits, you create volatility," Faber, author of the Gloom, Boom and Doom Report, told CNBC in remarks reported on its website.

"We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months -- the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.

Faber, who did not forecast a precise time for that crisis, told CNBC that firing half the government workers in the world would be one way of dealing with the crisis.

"If you shift government activity to the private sector the economy becomes more dynamic," Faber said. (Reporting by Ajay Kamalakaran in Bangalore)

We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday.

"If you pump money into the system and you create large fiscal deficits, you create volatility," Faber said.
"We've seen an intermediate low in March, we'll rally for a year or so or maybe 18 months… the ultimate crisis will happen much later, and the ultimate crisis would clean the system," he added.

Asked when this would be, he said he could not forecast a precise timing: "it may be 5 years time, 10 years time, but that's not the last crisis."

There are two opposing views, those who believe deflation is the big danger, with asset prices and demand collapsing, and those who think the biggest risk is inflation and a weak dollar, Faber said.
"In general in a crisis such as we have today where there is a deficiency of demand and huge overcapacity under normal conditions you would have deflation… now comes in the government and creates these huge deficits," he added as an explanation for his belonging to the "inflationists" camp.

"Already you have money-printers Mr. Bernanke and Mervyn King… we have never had this experiment in the history of mankind, all governments throwing money at the system," Faber said.

One way of dealing with the crisis would be to fire half the government workers in the world, "because if you shift government activity to the private sector the economy becomes more dynamic," he said.

"It's a transition time that is maybe painful. Why does California have these problems? It's not that there are too many teachers in California but the education department is very bloated," Faber added.

Marc Faber the Next Stimulus Package is going to be even worse

Marc Faber Dr Doom author of Gloom Boom and Doom Report and famous global investor from Thailand answers the question if he thinks that the US could avoid the Zimbabwe like high inflation scenario he warned about few weeks before he said " no I do not think so for a variety of reasons , first of all I understand the arguments of the deflationists , they argue that because the economy is weak there will be no inflationary pressures , my argument is this , yes if the economy is weak , in theory there shouldn't be any inflationary pressures unless the government intervenes and creates large fiscal deficit and monetizes these deficit and as a result of that the government debt increases , now the more the deflationists will be right in the near term in other words if they predict that the S&P will drop to 500 and that the whole global economy collapses in a deflationary spiral then the deficit will actually expand more and more , and also what you would have is more and more monetization because that's the policy of central bankers that they have shown in the past and Mr Bernanke has written about this and he has given speeches about this , so what then happens is government debt explodes , now take the case that one day in the future that can be in 3 , 5 , 10 years whatever it is the economy recovers and interest rates should go up because of inflationary pressures The Federal reserve will be very reluctant to increase interest rates because in the meantime the government debt will be that large and interest payments on government debt which today are slightly below 500 billion dollars annually in the United States could easily double to a trillion dollar annually and so you get into a debt spiral that is very difficult to solve and The Federal Reserve by keeping their interest rates artificially low would lead to more and more inflation there is another problem for the US and that is besides from the existing fiscal deficit health care expenditures will soar very dramatically especially in the next 8 years because of the aging of the population , it takes much more money to take care of someone who is 70 years old than of someone who is 20 years old , and so these expenditures will balloon and I just do not see how the US will solve its debt problem " "The Chinese should dump the treasuries as long as they can " following topics discussed are cap and trade hyperinflation China Asia second stimulus real estate deficits and the Federal Reserve..."the way the Federal Reserve calculates inflation is highly questionable" said Marc Faber..."America has lost high quality jobs in manufacturing to hamburger flippers and people that works in retail stores and fast food shops and health care workers not scientists in health care but just nurses and so forth""The whole economic expansion driven by a bubble in America has been a total disaster"

Even under the Gold Standard you can have Bubbles Marc Faber

Marc Faber Interviewed by McAlvany The case for Inflation or Deflation:

Marc Faber was interviewed by The McAlvany Weekly Commentary on July 8, 2009 the topics discussed are unemployment, deflation, inflation bailout , monetization of the treasuries Goldman Sachs lost software The FED global economics bubbles Greenspan Central banks , The FED new proposed powers and financial markets.
"The Feds are worse than the Mafia" Marc Faber was quoted from last year!!!
Marc Faber says "Well basically there is this debate whether the US will experience, in the next 5 to 10 years, high inflation rates or whether it will go with deflation. I just like to say that both parties may be right. We may first have deflation, and then inflation,so somebody will go and say see I told you so and then 2 , 3 years later he will be wrong it is like If someone said in 1998 the NASDAQ is a bubble so for two years he was wrong but after he was said right on the mark , and sometimes it is difficult to predict these things ""even under the gold standard you can have bubbles " "we had many bubbles in the 19th century when we did not have any inflation at all such as the canal boom , the railroad boom then different real estate boom, but the point is usually when you have a bubble it is a bubble in one sector and at the same time some other sector deflates see the Japanese stock market in 89 was accompanied by deflation in commodity prices which have picked out in 1980"

"what Greenspan and his assistant Ben Bernanke created is a bubble in everything " "I also want to point out that it is a big fallacy to believe that in weak economies you have deflation and in strong economies you have inflation. The opposite is true, because if my country is growing strongly, i can keep money tight and I can have budget deficits which are basically containing price increases across the board. But when the economy is weak like in Latin America after 1981 when the Petro Dollar crisis happened, the response of government is to create fiscal deficits, in other words, they increase government spending. Most of it is usually wasted anyway and at the same time you have easy monetary policies. The two is a recipe for a price increase somewhere in the system."
" Let’s put it this way. I think when you observe markets you have to look for symptoms of developing trends, the markets speak usually…Look at the price of gold. Currencies worldwide have depreciated against s the price of gold. So there has been a loss of purchasing power of the currencies."
"I think what we have to watch very closely is the position of the US dollar. It’s not that the weak US Dollar creates inflation. It’s that inflation creates a weak dollar. And, if you see the dollar weakening considerably, in particular against precious metals or against relatively strong currencies like the Asian currencies. I think that would be a signal that some inflation is coming back into the system."
On the other hand, if the dollar is strong as it was in 2008 - in 2008 all asset prices went down for the exception of US government bonds and the US Dollar. In that case I would say that the threat of inflation is not very high, and that would more or less signal the theory of deflation."...etc...
The following embeded audio file may not work well in Internet Explorer if you do not have the proper encoders installed , It works well on Firefox ...I apologise for the inconvenience , you can always listen to this great interview directly from McAlvany website by Clicking here

The Only Economy Booming is the Government Sector : Marc Faber

Marc Faber on a Czech TV :

This interview was done around March 2009 I post it for reference purposes , so relax everybody , I understand your frustration we all want to see Marc Faber in main stream media everyday , but this cannot happen ...
Industrial Production of Japan is 45% down , the exporting economies of Asia have been hit very hard ...
equity price home price commercial real estate commodity prices all have collapsed , totally imploded , we are still a long way to see a bottom to the decline , we have falling off the cliff , the only one hiring is the government , most private businesses are down 50% , the only booming economy is the government sector ,

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Moonwalking With Marc Faber

Asian Investor magazine have written recently an article about Marc Faber entitled Moonwalking with Faber By Simon Osborne on July 2nd 2009 where Marc Faber shares his outlook at the AsianInvestor Korea Investment Forum that took place very recently in Seoul South Korea , Marc talks about his general view of the world economy , the hyperinflation the dollar gold and silver the Asian investments opportunities farmlands and even opportunities in health care and in Brazil
Read the article

Marc Faber Asia is going to be the winner after this crisis and America the loser

Marc Faber this crisis is a tremendous opportunity , Dr Marc Faber talks to SunGard at the Zurich City Day, 17 June 2009 .Asia is going to be the winner after this crisis and America the loser
, the government should let the weak fail and the strong take over this is the real capitalism , there should be no "too big to fails"

Marc Faber Favors Gold over Cash and No New Lows in the Stock Market

Dr Doom Marc Faber was today on Bloomberg from Seoul Korea , Marc Faber says he Doesn't See New Stock Market Lows and that he Favors Gold , " what it means for equity market is that we probably and most likely seen a major low on march 16 when The S&P hit 666 , here in Asia most markets actually bottomed out in October November last year , let's say for one reason or the other the S&P which then went to 956 and is now at 920 re drops to 800 , I am sure there gonna be another stimulus package and another massive monetary injection and if that does not help then another one will come when the $&P drops towards 700 I do not think we will see new lows and I also believe that the economic recovery will be disappointing with the government sector expanding as the government sector has already expanded in the last ten years it's basically the government that is creating jobs , private sector is hardly creating any jobs , and that stimulus will be very hard to take away , so I believe the fiscal deficit will not come down next year and in 2011 but actually go up " said Marc Faber before adding " you do not want to be in Cash because obviously when you have ZERO interests rate as you have now on bank deposits and treasury bills you won't earn any money on the other hand you may not lose that much , but basically there is a lot of cash on the side line in treasuries and in deposits that eventually can move to one or the other asset class , it may not move into bonds because obviously the bond market over time will also smell some inflationary pressures and the depreciation in the value of the dollar so where does the money flow ? it can flow into some precious metals like Gold Silver Platinum and may be palladium but obviously it will flow into equities....."

Marc Faber predicted the 1987 stock market crash , he was spot on when he predicted last march that stocks will rally and that industrial metals will out perform gold , and that is exactly what happened , Marc Faber managing director and founder of Marc Faber Ltd is also better known as the editor and publisher of the Gloom Boom and Doom Report

Marc Faber I'm investing in equities ,The whole world is in Trouble

Marc Faber editor and publisher of the gloom Boom and Doom Report was interviewed today 25 June by MoneyShow : Marc Faber touched a wide range of topics , In particular the hyperinflation or ( inflation if you like ) the future of America the FED federal Reserve , the recession Mr. Bernanke The Interest rates , The monetary policies and fiscal deficits , Investment in Gold and other precious metals as a hedge against Hyperinflation , he then talks about Asia and the Asian banks Thailand and why he has chosen to live there , why he invests in equities finally he talks about the financial crisis in Europe Japan the Obama administration proposed solutions etc...you can read the whole Interview in here

Marc Faber on The Alex Jones Show : Zimbabwe Hyperinflation

Marc Faber on The Alex Jones 23 June 2009
Alex Jones hosts Marc Faber, investment analyst, entrepreneur, and publisher of the renowned Gloom Boom & Doom Report. Faber recently predicted hyperinflation for the U.S. on a scale endured in Zimbabwe and the Weimar Republic. Alex and Marc Faber talk about hyperinflation the dollar the economy crisis , Obama new plan for the FED and much more ...TAGS are :
alex jones bob chapman glenn beck ignatius piazza marc faber gerald celente jim rogers max keiser geithner swine flu obama bernanke paulson bush economy shultz kissinger rockefeller cnn fox news msnbc cnbc kudlow federal reserve chrystler gm citigroup new world order conspiracy dollar gold silver depression recession inflation hyperinflation

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