Marc Faber interview on the Daily Ticker on the 9th of September 2011 where he explains he does not take into account government officials speeches and that Western citizen do not take their responsibilities like Asian citizens and always rely on the government to save them.
Finally, he says the US is worse than Europe, as European have savings, but the main advantage of the US is that they have the printing press.
The good news is that he does not believe the "Final collapse" will NOT happen right now :).
Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts
Friday, September 9, 2011
Tuesday, August 16, 2011
Mike Maloney: The Case For $20,000 Gold
Great video presentation by Mike Maloney that any long term investor should watch.
In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade: short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, Wealth Cycles, gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.
Saturday, August 6, 2011
Marc Faber: The Market is Extremely Oversold.
Marc Faber talks about the recent market sell-off on CNBC on the 5th of August 2011 .
He thinks it is very unlikely that we reach new highs and he would be using rebounds has a selling opportunity whether Q3 is enacted or not.
He says Treasuries has still perceived as a safe heaven. His view is that gold and silver are overbought in the short term, but would buy again on any dips.
He also explains again his prediction of the total collapse of the economic system further down the road where cash and treasuries will be worthless, stocks will go down but still hold some value and precious metals should perform relatively well.
He thinks it is very unlikely that we reach new highs and he would be using rebounds has a selling opportunity whether Q3 is enacted or not.
He says Treasuries has still perceived as a safe heaven. His view is that gold and silver are overbought in the short term, but would buy again on any dips.
He also explains again his prediction of the total collapse of the economic system further down the road where cash and treasuries will be worthless, stocks will go down but still hold some value and precious metals should perform relatively well.
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