The Marc Faber Blog

Marc Faber – NDTV Interview May 16th 2012

marcfaberblog — Thu, 31 May 2012 16:14:36 +0000

http://www.youtube.com/v/2Bms8AUe0ZM?version=3&f=videos&app=youtube_gdata

If you cannot see the video, you can access it at Marc Faber – NDTV Interview May 16th 2012

Marc Faber on The Financial Survival Network

marcfaberblog — Tue, 29 May 2012 16:28:04 +0000

http://www.youtube.com/v/yjTVaL3V5Rc?version=3&f=videos&app=youtube_gdata

If you cannot see the video, you can access it at Marc Faber on The Financial Survival Network

Marc Faber – Looming Global Catastrophe

marcfaberblog — Mon, 28 May 2012 07:46:28 +0000

http://www.youtube.com/v/ZSVwPrFPaDo?version=3&f=videos&app=youtube_gdata

If you cannot see the video, you can access it at Marc Faber – Looming Global Catastrophe

Marc Faber – How to be Happy

marcfaberblog — Sat, 28 Apr 2012 16:15:55 +0000

A lot of working people have seen their standards of living go down. Any increase in income that they have seen has been taxed or inflated away.

Tony Robbins said that one way to be happy is to be financially independent. It makes things much easier, but you can also do well by living below your means so that you are not always waiting for the next paycheck.

People think of earning money as wealth. But knowledge is also wealth. You should be educating yourself everyday rather than watching the television. This is especially true for the elderly.

Marc Faber had much more freedom growing up compared to the people of today.

If you cannot see the video, you can access it at Marc Faber – How to be Happy

Marc Faber – Why the West Will Decline

marcfaberblog — Tue, 24 Apr 2012 16:06:22 +0000

The Western World is in a decline. Compared to other countries with a younger population. In the west, we have an aging population that has grown accustomed to wealth.

The west believes that they are superior in knowledge and skills compared to the rest of the world. The are arrogant.

This is all going to end in a disaster.

Everyone has grown used to the idea that asset prices – be they real estate, equities, or bonds – go up the majority of the time. This will end eventually.

The government numbers are completely fraudulent. They are there to mislead the people.

If you cannot see the video, you can access it at Marc Faber – Why the West Will Decline

Marc Faber Outlines the Disaster Scenario

marcfaberblog — Sun, 01 Apr 2012 16:42:02 +0000

The Greek issue is no market-determining. It has been priced in, because this thing has been going on for so long. It isn’t a major player in the markets of today.

The stock market has rallied quite a bit recently, and we are 100% up from the lows of 2009.

In a disaster scenario, you may lose 30 or 40% of your money in stocks, but if you are in government bonds, you could lose everything.

Central Banks will never reduce their balance sheets. They have chosen to print money, and once that choice is made, you are stuck with that.

Asset prices go up from inflation, but not all at the same time. However, Cash and Bonds are not a good place to be.

For money printing to have an impact, you have to accelerate the rate of money printing as time goes on.

In the short run, the money printing has worked. Stocks are up and interest rates are down.

We don’t yet know the unintended consequences. It has already created a greater disparity in wealth, which is undesirable from a society-level point of view.

Over the last 20 years, the financial sector has not attacked the Federal Reserve from printing money. But that is because they benefit from rising equity prices.

The Federal Reserve Chairman needs to resign. The banks should give a lower return to their investors while they balance their books.

In 1998, oil was at $10 per barrel. Now it is much higher. The people who use the oil are seeing a huge expenditure on energy, but the people who are producing it will have a lot of capital in the future.

Ben Bernanke only knows one thing – how to print money. When there is a crisis, he will print money.

Every person should own precious metals as a hedge against a total meltdown in the economy. It is possible that you will not be able to get any money from equities, bonds, or other soft assets.

It’s like insurance. When you have health insurance, you don’t hope to get sick – but if you do, then you have the insurance.

If you cannot see the video, you can access it at Marc Faber Outlines the Disaster Scenario

Marc Faber – 454 Tons of Gold

marcfaberblog — Mon, 26 Mar 2012 16:00:12 +0000

It is likely that silver will outperform gold for a while. However, gold is easier to store, so you may like that better.

China recently bought 452 tons of gold. The Chinese have large reserves. When they look at Bernanke, they don’t want to do business with him.

For the sake of diversification, the Chinese are acquiring many resources, not just gold. They are resource poor, so this is a geopolitical strategic move.

It isn’t shocking that they bought so much gold. And they will continue to do so quietly.

The temptation for the Federal Reserve will be to keep interest rates artificially low. They will keep them at less than the rate of inflation.

It is mind boggling the crazy schemes that some economists come up with. One of them wanted to tax away savings to encourage more spending.

The whole system is bankrupt without inflation. They are postponing the true solution.

The government in the US still has a AAA rating. But they don’t deserve this rating going forward.

We could be headed toward a planned economy – a command economy.

If you cannot see the video, you can access it at Marc Faber – 454 Tons of Gold

Marc Faber Featured in Communist Propaganda

marcfaberblog — Thu, 22 Mar 2012 16:37:14 +0000

In this communist propaganda piece, Marc Faber gives his take on the near future.

The experiment of the central banks will fail. It may work for a while, much as white paint on a cracked building looks nice for a while.

In the future, 50% of taxes may be used just for payments on the debt.

Then there will be hyperinflation, and the governments will distract the people by going to war.

If you cannot see the video, you can access it at Marc Faber Featured in Communist Propaganda