Sep 14

Dow 100,000? Marc Faber Warns: Central Banks “Will Monetize Everything… Introduce Socialism”:

“…the madness in the present time may go on. In a manipulated market, it won’t end well… They could essentially monetize everything, and then you have state ownership. And through the central banking system, you introduce socialism and communism, which is state ownership of production and consumption. You would have that, yes, that they can do…I don’t think the central bankers are intelligent and smart enough to understand the consequences of their monetary policies at present.”

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Aug 24

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Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks:

Volatility is the name of the game. Stocks are acting up, but standing strong. Oil is propelling higher and the US dollar is falling. Turmoil around the world has never been higher and an ominous shadow is lurking in the background, ready to strike.

The situation that we now face is ultimately going to end in a collapse of epic proportion. The financial world is now a ticking bomb that is just waiting to explode – I know this, you know this and even if the masses don’t, they can feel it in their bones. Continue reading »

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Aug 18

Continue to prepare for collapse.

99% of the people will get totally destroyed financially.

“By failing to prepare, you are preparing to fail.”
-Benjamin Franklin


Aug 13, 2016

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The Global Financial System Is Here - Collapse

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May 24

Marc Faber’s “Worst Fear” Is Hillary Clinton Becoming President:

The worst fear I have is that Mrs. Hillary Clinton will become president. That is my worst fear. I would vote for anyone in the world before I would choose Hillary Clinton. She’s dishonest, she’s a liar and she has deceived people…”

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Jan 06

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“We had a hard landing in the stock market already. We had a hard landing in commodities. [So yes], we could have a hard landing in the economy. China has a colossal credit bubble and no one knows how it’s going to unwind.”


China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns:

A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year.

The US is “already in a recession,” the incorrigible doomsayer said.

Stocks will head lower in 2016, Faber continued, taking the opportunity to mock the sellside penguin brigade for adopting a universally bullish take on markets going forward. “Well, I don’t think that the U.S. will continue to increase interest rates,” he concluded, before predicting what we’ve been saying for years, namely that in the end, the Fed may be forced to do an embarrassing about-face and return to ZIRP and eventually to QE. “In fact, given the weakness in the global economy and the deceleration of growth in the U.S., I would imagine that by next year the Fed will cut rates once again and launch QE4.”  Continue reading »

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Oct 26

Marc Faber Fears No Soft-Landing Of China’s “Credit Bubble Of Epic Proportions”

“Investors should (and most don’t) realize China is a credit bubble of epic proportions,” warns an anxious Marc Faber during a brief Bloomberg TV interview. “China is not just a country, it’s an empire,” Faber adds, and warns that while some sectors may have growth (“just ask Yum Brands” he jokes), “but other very important sectors like industrial production aren’t  growing at the present time.” In fact, Faber warns “I don’t think China’s economy is growing at all,” and while policy-makers may be able to “cushion the downturn somewhat,” he warns that achieving any soft-landing will be “very difficult,” even as he expects China to continue devaluing the Yuan.

 

 

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Oct 08

Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term “Sliding Slope Of Hope”:

Sometimes less is more (less good data is moar good for stocks) and in the case of Marc Faber’s recent appearance on Bloomberg’s “What’d You Miss”, 66 seconds of honesty was all that the hosts could take.

The Gloom, Boom & Doom report editor notes “we have had a meaningful decline in many stocks already,” and warns it is far from over as market face two possibilities of “longer-term unattractiveness”: “a 1987-style collapse,” or a 1973-74-style slow “sliding slope of hope.”

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Sep 03

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“It’s A Tipping Point” Marc Faber Warns “There Are No Safe Assets Anymore”  (ZeroHedge, Sept 2, 2015):

Markets have “reached some kind of a tipping point,” warns Marc Faber in this brief Bloomberg TV interview. Simply put, he explains, “because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks – there is no safe asset anymore.” The purchasing power of money is going down, and Faber “would rather focus on precious metals because they do not depend on the industrial demand as much as base metals or industrial commodities,” as it’s now “obvious that the Chinese economy is growing at nowhere near what the Ministry of Truth is publishing.”

Faber explains more… “I have to laugh when someone like you tries to lecture me what creates prosperity”

Some key exceprts… Continue reading »

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Aug 24

Click the play button below to listen to Chris’ interview with Marc Faber (37m:21s)

Marc Faber: The Global Economy Is Entering An Epic Slump (PeakProsperity, Aug 23, 2015):

Famed investor and author of the Gloom, Doom, Boom Report, Marc Faber, returns to the podcast this week to discuss the slowdown in the global economy, signs of which he claims are multiplying fast all around the world.

He predicts the next year is going to be an especially bruising one for investors, and recommends a combination of diversification and defense for those with financial capital to protect:

I do not believe that the global economy is healing. I believe that the global economy is heading into a slump once again. Continue reading »

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Aug 09

“The future is unknown and we are not dealing with markets that are free markets anymore…now we have government interventions everywhere. [But] in the last say twelve months, I have observed an increasing number of academics who are questioning monetary policies. That’s why I think they will take the gold away and go back to some gold standard by revaluing the gold say from now $1000/oz to say $10,000 dollars. An individual should definitely own some physical gold. The bigger question is where should he store it? because… the failure of monetary policies will not be admitted by the professors that are at central banks, they will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because – they can argue – well these are the ones that do take money out of circulation and then the velocity of money goes down – we have to take it away from them… That has happened in 1933 in the US.”

Related info:

What Gold Nationalization Really Means

Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’

On This Day In 1933

The Day The Government Seized Americans’ Gold – April 5th 1933


marc-faber
Dr Marc Faber was born in Zurich, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW’S GOLD – Asia’s Age of Discovery”.

“They’ll Blame Physical Gold Holders For The Failure Of Monetary Policies” Marc Faber Explains Everything (Marcopolis, Aug 7, 2015):

Interview with Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report’”

In this exclusive interview with Marcopolis.net Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in commodity prices.

On the bright side, he sees great economic potential in Vietnam. Also, the Iraqi stock market has good potential now that a deal with Iran has been reached. While mining stocks are extremely depressed we might see defaults before any meaningful recovery.

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In your 2002 book “Tomorrow’s gold” you identified two major investment themes: emerging markets along with commodities. That was a great call. As for commodities, they had a great run up until 2008. Then they crashed sharply along with everything else just to recover strongly into 2011. Since then they have acted weakly, and recently commodities even reached a 13-years low. Is this the end of the commodities-super-cycle, as some have claimed, or is it more like a correction? Continue reading »

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Aug 05

Related info:

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015 (Video)


Earth-Clock-Pocketwatch

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent (Economic Collapse, Aug 4, 2015):

Will there be a financial collapse in the United States before the end of 2015?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis.  As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market.  I fully expect the next several months to be extremely chaotic, and I am far from alone.

The following are 8 financial experts that are warning that a great financial crisis is imminent… Continue reading »

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Jul 31

Putin-Gold


“Western Central Banks Have Set Us Up; You’ll Hear The Printing Presses From Mars” (ZeroHedge, July 31, 2015):

As Marc Faber said at SocGen’s January conference, if he could short central banks directly he would do so, but gold is the next best thing; and despite it being sucked into the general commodity malaise, Albert Edwards says “Gold is a must-have holding in this world.”

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Jun 18

Ignore-Sinking

Financial System “Will Implode” … “Hold Precious Metals” – Faber (GoldCore, June 15, 2015):

– “Whole Financial System Will One Day Implode” – Marc Faber
– “I feel like I’m on the Titanic …”
– Arguing over the best assets akin to re-arranging deck chairs on Titanic
– Investors need escape plan and “safety boat”
– Forget Fed rate hike, Fed QE 4 is coming
– Diversify and hold “commodities, precious metals”

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Dec 23

I agree the with Marc Faber that the U.S. government will – again – try to take away the gold from the people, …

… which is one of the many reasons why I’ve told people to invest into silver, because I do not believe that they will try to take away your silver.

However, I do not agree with Marc Faber’s recommendation to store your gold in a vault in Singapore or Switzerland.

Related info:

Secret Document: EU Plans To Forcibly Open All Safe Deposit Boxes

The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

States Seize Citizens’ Safe Deposit Boxes To Balance Their Budgets (ABC News Video)

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’



Dec 22, 2014

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Jul 31

Related info:

The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling:

“There is a war coming in Europe,” he said. “Do you really think this matters?”


Top Financial Experts Say World War 3 Is Coming … Unless We Stop It (Washington’s Blog, July 30, 2014):

Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

Paul Craig Roberts – former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist – wrote an article yesterday about the build up of hostilities between the U.S. and Russia titled, simply: “War Is Coming”.  In the article, Roberts notes: Continue reading »

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Jul 29

marc-faber

Marc Faber Responds To CNBC Mockery, Asks “How Has CNBC’s Portfolio Done Since 1999?” (ZeroHedge, July 28, 2014):

Having provided his clarifying perspective on why the markets are extremely fragile and due for a 20-30% correction, Marc Faber was assaulted by CNBC’s Scott Wapner reading off a litany of recent calls that have not worked out as planned. His response was notable: “I started to work in 1970, and over that career, somehow, somewhere, I must have made some right calls; otherwise I wouldn’t be in business.” What CNBC then edited out of the transcript was Faber pointing out his 22% annualized return in his publicly-viewable funds since then and asking – sounding somewhat frustrated at the anchor’s mockery (and background snickers) – “I wonder what the CNBC portfolio would look like since 1999?”The response: silence. Continue reading »

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Jul 08

Marc Faber: The asset bubble has begun to burst (CNBC, July 8, 2014):

It’s the question investors everywhere are wrestling with: Are asset prices in a bubble, or do they simply reflect the fact that the global economy is growing once again?

For Marc Faber, editor of the Gloom, Boom & Doom Report, the answer is clear. In fact, he says the bubble may already be bursting.

“I think it’s a colossal bubble in all asset prices, and eventually it will burst, and maybe it has begun to burst already,” Faber said Tuesday on CNBC’s ‘Futures Now’ as the S&P 500 lost ground for the second-straight session. Continue reading »

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May 25

“I Will Never Sell My Gold,” Marc Faber Warns, China’s “Gigantic Credit Bubble” Unwind Is Just Beginning (ZeroHedge, May 24, 2014)

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May 09

Marc Faber Redux: “I Don’t Trust Anyone… Hold Gold Outside The US” (ZeroHedge, May 8, 2014)

Related info:

The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

RED ALERT: World’s Biggest Gold Storage Company Dumps US Citizens

Government Cracks Safe-Deposit Boxes

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

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May 02

Related info:

Gerald Celente: Economic Collapse By The End Of The Second Quarter 2014 (Video)


Marc Faber Warns “Social Media Stocks Are Just The Start, Market Crash Coming In 2nd Half” (ZeroHedge, May 2, 2014):

Having called for the demise of the hype/hope growth stocks, biotech, and social media schemes at the end of 2013, Marc Faber believes the weakness in those sectors is a signal of things to come (and that the so-called “rotation” to quality stocks is fallacious in the medium-term). Faber carefully notes that the size of markets allows some stocks to move up as others move down and so the overall market “looks” ok, but warns “we have already had a big break in parts of the market… but we haven’t had the big break in the overall market,” adding that “it’s too late to buy the US stock market,” confirming what we noted about Jeremy Grantham’s dismal outlook for US equities in the medium-term (and how and when the bubble bursts). Simply out, given yields around the world and the fundamentals, “individual investors have excessively optimistic expectations about their future returns,” which is terrible news for the record amounts of Greater Fools piling in as professionals pile out.

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Mar 18

“Putin Did The Right Thing” Says Marc Faber, But Fears China Implications More (ZeroHedge, March 17, 2014):

While Marc Faber is adamant that “there’s lots of funny things that are happening in China. And when the whole thing unwinds it will be a disaster,” it is his comments with regard Ukraine (and Russia) that are worth paying significant new attention to. As The Gloom, Boom & Doom Report editor notes in this brief Bloomberg TV interview, if you put yourself in Putin’s shoes “he did the right thing from his perspective,” given Crimea’s strategic importance. However, as Faber concludes, “Crimea moving to Russia gives essentially a signal to China that one day they can also move and seize some territory that they perceive belongs to them.”

Faber On Russia, Ukraine and its signaling to China…

Mr. Putin did the right thing from his perspective. We have to look – put ourselves into his shoes. He did absolutely the right thing at the right time.

Continue reading »

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Feb 06

Marc Faber “US Stocks Need To Drop 40% To Become Attractive” (ZeroHedge, Feb 5, 2014):

The market is way overdue for a 20 to 30% drop,” Marc Faber warns, “but that is not what worries him.” Sarcastically reflecting on the typical talking-head that appears on financial media, Faber adds you won’t “hear this view from someone who is fully invested,” as he “hopes the market drops 40% so stocks will become – from a value point of view – attractive.” The outspoken Faber channels Jim Grant as he exclaims, “the experience with quantitative easing is a complete failure. It has lifted asset prices and created asset inflation, but it hasn’t lifted the standard of living of most people in the U.S. nor worldwide.”

“I think the market is way overdue for a 20 to 30 percent correction,”

“nothing worries me… In fact, I’m hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive.”

Continue reading »

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Jan 29

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Marc Faber Warns “Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries & Gold” (ZeroHedge, Jan 28, 2014):

Beginning by disavowing Mario Gabelli of any belief that rising stock prices help ‘most’ people (“Fed data suggests half the US population has seen a 40% drop in wealth since 2007“), Marc Faber discusses his increasingly imminent fears of the markets in this recent Barron’s interview.

Quoting Hussman as a caveat, “The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. There’s no calling the top,” Faber warns there are a lot of questions about the quality of earnings (from buybacks to unfunded pensions) but “statistics show that company insiders are selling their shares like crazy.”

His first recommendation – short the Russell 2000, buy 10-year US Treasuries (“there will be no magnificent US recovery”), and miners and adds own physical gold because the old system will implode. Those who own paper assets are doomed.”

Continue reading »

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Jan 15

Prepare for collapse.


Baltic Dry Index Collapses 39% In 9 Trading Days (ZeroHedge, Jan 15, 2014):

baltic-dry-index-collapse

The Baltic Dry Index,  a measure of commodity-shipping rates, has collapsed 39% in just the nine trading days of 2014. It has fallen from 2277 at the end of December 2013 to 1370 today. This key indicator of global economic health is a warning signal for the global economy in 2014.

Marc Faber told Bloomberg TV in an interview that, “I prefer physical gold and silver, platinum to bitcoin. How do you value a bitcoin? I can value gold to some extent and compare say gold to the quantity of money that is floating around the world, to the wealth increase, and to the monetary base increase, to the credit increase, and so forth and so on, and to the production costs. So I have an idea of where gold should be.”

A diversified precious metals portfolio with allocations to gold, silver, platinum and palladium remains prudent.

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Jan 11

The Other Side Of Marc Faber: Gold, Hashish, And ‘Efficient’ Whiskey-Drinking (ZeroHedge, Jan 10, 2014):

From hashish to drinking cheap whiskey in Chiang Mai clubs, the following clip rounds up the ‘best of’ Marc Faber over the last few years…
  • On the elites – “I am not sure the thinkers are in Davos
  • On the media – “you are an optimist, keep on dreaming… us foreigners just laugh”
  • On solutions – “cut government expenditures by 50%; fire half the government… including the President”
  • On Americans – “people in the western world have abandoned personal responsibility
  • On government – “who would have faith in the US administration, certainly not someone who thinks”
  • On Gold – not to own gold is to trust central banks, and that you don’t want to do in your life

And another oldie but a goodie that sums up stimulus perfectly… Continue reading »

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Dec 13

Lindsey Williams is NOT an expert (in my opinion).


The-Earth

Dent, Faber, Celente, Maloney, Rogers – What Do They Say Is Coming In 2014? (Economic Collapse, Dec 12, 2013):

Some of the most respected prognosticators in the financial world are warning that what is coming in 2014 and beyond is going to shake America to the core.  Many of the quotes that you are about to read are from individuals that actually predicted the subprime mortgage meltdown and the financial crisis of 2008 ahead of time.  So they have a track record of being right.  Does that guarantee that they will be right about what is coming in 2014?  Of course not.  In fact, as you will see below, not all of them agree about exactly what is coming next.  But without a doubt, all of their forecasts are quite ominous.  The following are quotes from Harry Dent, Marc Faber, Gerald Celente, Mike Maloney, Jim Rogers and nine other respected economic experts about what they believe is coming in 2014 and beyond…

Continue reading »

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Nov 30

Marc Faber: “We Are In A Gigantic Speculative Bubble” (ZeroHedge, Nov 29, 2013):

We have to be careful of these kind of exponentially rising markets,” chides Marc Faber, adding that he “sees no value in stocks.” Fearful of shorting, however, because “the bubble in all asset prices” can keep going due to the printing of money by world central banks, Faber explains to a blind Steve Liesman the difference between over-valuation and bubbles (as we noted here), warning that “future return expectations from stocks are now very low.”

Nope no bubble here…

Along with this pattern…

which has emerged with striking fidelity since 2010, we observe a variety of other features typically associated with dangerous extremes: Continue reading »

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Oct 28

Mark Faber Fears “Stocks Could Be Dead Money For A While” But “Gold Has Bottomed” (ZeroHedge, Oct 27, 2013):

“Since September 2011’s $1921 peak, gold has been in correction mode,” Mark Faber tells Barrons in this brief clip, but the overhwleminly bearish sentiment combined with the major accumulation (most notably by China) means “gold prices have probably bottomed,” and some gold mining stocks are well positioned. While Faber has recently expressed concern at the potential for a major correction in stocks, he notes that there are pockets of value worth investigating including European Telcos and Indo-China travel-related stocks. However, the Gloom, Boom & Doom report writer warns that “stocks could be dead money for a while.”

On Gold and Gold Miners: Continue reading »

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Oct 15

Marc Faber Warns “There Is No Safe Haven” (ZeroHedge, Oct 14, 2013):

There is no safe haven, Marc Faber tells Bloomberg TV’s Tom Keene, “The best you can hope for is that you have a diversified portfolio of different assets and that they don’t all collapse at the same time.” Bank deposits are no longer safe; money and treasury bills are not 100% safe; and equities in the US are relatively expensive by any valuation metric. However, at around $1250, gold is a buy, Faber adds on the basis of the ongoing monetization of debt globally. The debt ceiling debacle will lead to the Fed stepping up to directly fund the government (something it already implicitly does but mainstream media prefer not to consider). Faber clarifies the idiocy of the discussions, “both parties want to spend, it’s just on different things,” with “the idiocies of government” having grown way too large, wasting money everywhere… the Democrats are “buying votes” and the Republicans funding the military complex. The debt-ceiling is merely a symptom of the problem, Faber concludes, that “government has grown disproportionately large and that retards economic growth.”

Full Transcript:

Faber on gold:

Continue reading »

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Oct 12

Marc Faber Blasts “A Corrupt System That Rewards Stupidity” (ZeroHedge, Oct 11, 2013):

 

Authored by Marc Faber, originally posted at The Daily Reckoning blog,

For the greater part of human history, leaders who were in a position to exercise power were accountable for their actions. If they waged wars or had to defend their territories from invading hostile forces, they frequently lost their lives, territories, armies, power and crowns. I don’t deny that some leaders were irresponsible, but in general, they were fully aware that they were responsible for their acts and, therefore, they acted responsibly.

The problem we are faced with today is that our political and (frequently) business leaders are not being held responsible for their actions. Thomas Sowell sums it up well:

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

When political leaders or economic policymakers are seen to fail, the worst that will happen to them is that they won’t be re-elected or reappointed. They then become a lobbyist or an adviser or consultant, and give speeches, earning in the process a high income on top of their pension. Continue reading »

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