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Marc Faber On The Japanese Disaster, On A 20% Market Correction And On QE18
Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3... and 4, 5, 6, 7 and 8 (not to mention 18). "We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5,
QE 6, QE 7—whatever you want. The money printer will continue to print,
that I'm sure. Actually I made a mistake. I meant to
say QE 18." Faber was modestly constructive on the Japanese selloff, which at one point hit 18% down in overnight futures trading: "This huge selloff is an investment opportunity in Japanese equities, but if a meltdown occurs then all bets are off." As usual, there is no love loss between Faber and the Chairsatan (recall that today's Empire Manufacturing survey confirmed margins continue to be crushed due to surging input costs): "I think Mr. Bernanke doesn't know much about the global economy but he probably watches the S&P every day." And on Fed criticism: ""Until very recently the Feds have had very few critiques, very few
people criticized the Fed's policies under Mr. Greenspan and Mr.
Bernanke. Over the last few months, a lot of critical
comments have come up about the Fed and its money-printing habit. The
S&P drops 20 percent (and) all the critics will be silent and they
will all applaud new money-printing." No fear of that here: Zero Hedge has been rather vocal in our opinion of the world's most destructive central planning buro from day one. We will continue being so, regardless how low the S&P plummets... Perhaps even to its fair value south of 500.
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Der Spiegel: Chancellor Angela Merkel has announced the temporary shutdown of seven of Germany's 17 nuclear plants pending a three-month safety check in response to the Fukushima accident. Opposition parties say is it's a calculated move to allay public fear and avert defeat in three regional elections this month.
http://www.spiegel.de/international/world/0,1518,751044,00.html
I am a line cutter, sorry guys.. I need some help getting a video up ..Last night follow the money on fox business had a silver manipulation segment... Its in the video section on fox business and the show "follow the money" and was on last night..Its a 5 minute segment..
Thanks
so, we should just BTFD? QE becomes more likely as the stock market falls..
I would, if I wasn't already buyin' it.
dollar is acting really limp; should be rallying. people are selling into dollars? the flight to safety will inevitably be silver, gold, and oil.
people are selling into dollars?
Ignorance is correctable, stupidity is FOREVER.
so finally BTFD becomes catching the falling knife or CTFK
Fuck yes. BTFD. If you are a precious metals perma-bull, this drop in silver is a godsend. Only reason SLV is down today is wholesale raising of cash by fund managers. The ultimate currency outcome of Japan is going to be more need for monetization by Japan, which will likely necessitate more monetization here, and for that matter, in Europe (few countries that aren't Germany can tolerate the Euro this strong).
Either this is a topping formation in silver or its not, and if not, I like the Mar 35 call in SLV for not much money.
Yes, it's not physical, so I am ready to be junked. I can't seem to get the same risk/reward set up on the physical, because I am not Silver Wheaton.
Funny, when I suggested that yesterday, a certain cretin jumped up and down making strange noises.
I think we will see this hapen everywhere as people, if they are awake enough, might realize that being without power, or maybe on some sort of reduced power regimen might be better than being toasted in healing gamma rays.
Dr. Doom is going to go out in a blaze of glory it seems, eh? Sounds like he knew his kind of commentary may not be welcome in the coming days of deep dis-info and said exactly waht he wanted to. From here on out, we will be entering the surreal world of all is well and fruitcakes and skittle and rainbows and three eyed barbies...
All is well children, all is well. All is well children, repeat after me, all is well....
tch... could have been different, but wuz nut ment 2 b!
ORI
http://aadivaahan.wordpress.com/2011/03/11/axis-trembles/
the likes of Marc Faber and Peter Schiff and their terminology which appears radical if not hysterical is actually no such thing... these boys are ahead of the curve and see what's coming and feel the anger before we reach that stage ....Faber has been uber-aggressive recently even for me, but now we're catching up aren't we?
Remember 3 years ago Ron Paul was widely seen as the 'loon' in the Republican Party... today he looks like the only sane credible politician in that toilet called Washington... he hasn't changed his tune one iota, it's us that's changed
They are still painting Paul as a loon. This will accelerate. He is a serious risk to the regime. He promotes currency competition which is simple, market competition will be the decisive blow to the nucleus of their power, monopoly of the currency. 13 states are looking at this already, and that process is essentially nullification of the unconstitutional legal tender law. RP said many times he will not end the Fed, he will just remove legal tender laws and let the market loose on the Fed and their FRN's ... it will destroy itself.
Regarding Faber, he is solely uber correct, and if you are intimidated perhaps you are better off watching the state media.
The state media shills always like laughing at those who actually call world events correctly. Remember the state media laughing when people came on saying subprime was just the beginning? They all just speak as they are told to, the sheeple listen as they do not know where else to turn.
agree the GOP (and Fox) are after marginalising Ron Paul and agree too RP's simple solution to let the free market loose on the Fed is the most effective way to destroy the bwanksters monopoly on money.
I'm not really shocked by Marc Fabers recent outbursts against the Fed (ponzi) and Obumma (whore), more shocked for him trying it on prime time (CNBC) TBH as we need him invited back to keep us all sane amongst their endless crony drone guests!
"Ve haf vays of makink yer ekonomy kollapz......." I want to start goosestepping around the room when I hear that guy talk.
Why? He's Swiss. And you're an ass.
what a dick. someone corrects your ignorant post and that is how you respond. you deserve to be blacklisted.
*YAWN*
well you were bothered enough to respond. take your lumps when your wrong next time dick
who axe u ass face
Mute Button Bitchez... TD, the time is now - install one, somehow
Your debate skills are epic.
I'm going to guess that his english his much better than our german. Nein mein freund?
Wow, guess you and your sister will just have to watch this time
Bernanke may think this is just the excuse he has been hoping for to continue QE. I was wondering how he could ever continue QE but at the same time now the entire U.S. economy is not reliant upon the printing.
Well I think he just got what he needed.
GE looking good today. GOT NFLX? LOL.
APMEX site shuts down, silver velocity.
ApM#$, thise sorrry bstds, $3.00 over spot on generic rounds, and on top of that they raised the OVER spot price premium, premium AGAIN.
I will never buy from them again, their as bad as Foldline.
Just doublechecked what you said. 3.50 / coin premium on 1/2 ozt rounds. They are turning into bastards.
www.silver50.com : these guys are good if you are buying 50ozt or more.
"I think Mr. Bernanke doesn't know much about the global economy but he probably watches the S&P every day."
CNBS crowd didn't know where to go after that. When I heard it, I laughed. Hard.
Wrong, he watches DJ as well...
Marc Faber tells it like it is and those two poor guys at CNBC were not ready for the nuclear bomb that Mr Faber dropped on them. They didn't know what hit them, accent and all.
I don't think he picks his nose without consulting the Rothchilds first.
QE XVIII, Nunc pro tunc... it will work this time, seriously
The booming voice from the mountain top was heard and all the spineless fish on CNBC could utter was nervous laughter and incredulous exhales. And a classic upchuck from Liesman. "I'm a little stunned."
Marc Faber is a verbal taser set on maximum stun. Beam me up Scotty, the Earthings still aren't ready for the massive change that's coming.
[Beam me up Scotty, the Earthings still aren't ready for the massive change that's coming.]---Cognitive Dissonance
Hi CD. I've been thinking about Japan and the global economic collapse that's unfolding. (I expect the collapse to last at least a generation.) Given Japan's "lost decade" and today's natural and man-made disasters, I wonder if Japan might be one of the first nations to emerge--after a generation or so--as a renewed economic powerhouse.
The Japanese are amazing.
Banzai7 was telling me yesterday that the Japanese people will absorb body blows left and right including theft and abuse to themselves and their fellow citizens. But when they reach the point of no return they will explode and take down the masters. And there seems to be some history to back this up. The Japanese culture is one of subservience to authority and to the group or herd.
But in return it is expected that the herd takes care of the individual and this dynamic forms a social contract. When it has been violated, and Banzai 7 says it has been for several generations now, eventually the people realize they must stand and fight. And again there is history that they do.
It will be interesting. Banzai7 is a very interesting person who has legs planted in both the Western and Eastern cultures. We will all benefit from listening to him when he speaks either in writing or more often in his art.
+1
I like Banzai7, I really do... BUT
ThE CoNStAnT UpPeR CaSe ThInG iS DrIvInG mE FoOkInG NuTs!
I am sure he is a smart guy tho
If it's driving you fooking nuts then it's working just fine. And while it drives you nuts you still look.....don't you? :>)
There is never mistaking a Banzai7 post. Never. Between the avatar and the title lettering you instantly know who it is. That's brand name advertising 101 and it was successfully completed in under 6 months. Coke and Pepsi took decades.
Yep, this black swan i toxic and will kill all the white swans.
I'm glad I panicked yesterday and sold all my silver turbo's, speeders and warrants. Silver is down over 5% today.
WAW
This dip is worth the buy once the 30$ level is broken.
If you have physical silver. I'm buying. Cash.
Ha!
THAT I'LL NEVER SELL BELOW 500$
I was talking about my paper silver ;)
LET's CALL THE NEXT ONE:
QE x Pi
Tokyo was just hit with a 6.2 aftershock
SHAKE & BAKE
Yeah, saw that on TVJapan. The announcer was shaking as was the studio around her. Scary stuff.
Faber made a long call on US Treasuries about a month and a half ago.
Only as a trade.
He was spot on.
CNBC has their own problems. Erin wasn't very nice to Cramer just now and he looked hurt.
"I think Mr. Bernanke doesn't know much about the global economy but he probably watches the S&P every day."
This is awesome. He is a brave loud mouth. But I agree :-)
Blackhawk Ben not only doesn't know much about the global economy. He also has no clue about the US economy. It's clear that the man is clueless. Mickey Mouse would do a better job as Chairman of the Fed. Nuke the Fed.
Where's "Bubbles" Bernake when we need him?
cnbc cramer said that the decline in gold can be seen as an opportunity. Maybe he has been monitoring ZeroHedge and now is just Buying TFD
How is Jim's cat?
Not to worry The Bernank will have this all solved in 15 minutes...with 100% certainty.
Print uranium!!!!
How about gold plated uranium bars?!?
QE18? I thought we were up to QE 18 TRILLION by now!
"the world's most destructive central planning buro"
Burro? As in ASS?
Or burrow, as in a long, deep hole? A "B" grade Euro? A bureau?
Buro, as in Politburo.
http://en.wikipedia.org/wiki/Politburo
"Buro, as in Politburo."
How appropriate! That's one I hadn't drawn a connection to.
Politburo, from German Politbüro, short for Politisches Büro des Zentralkomitees (literally the Central Committee's Political Bureau), (Russian: ???????????? ????; Politicheskoye Byuro, abbreviated ?????????; Politbyuro), is the executive committee for a number of communist political parties.
I would prefer a "Polite Burro". You know, a nice ass.
A vegetarian burrito with habanero. Negra Modelo. No fries.
"A vegetarian burrito"
Ahhh, the smell of thinly sliced vegetarian slowly roasting over an open mesquite pit. I'm hungry now, danggit!
+ 100,000 Scoville units.
Here comes "Bubbles" Bernanke now! The printing presses are running overtime!
Long sea water? Don't need another melt down
Liesman = Stunned ? Thank goodness he was speechless - that guy is "ordinary" (as my Auzzie buddys say)
Liesman is an asshole. Pure and simple. Fed stooge.
ordinary as in ha ha, or ordinary as in queer?
Ordinary = miserable
time for Cramer to file a "hurt feelings" report?
FED money being ramrodded into the REITs now...
Unreal.
They were a little bit stunned.
LMAO
If you listen, you can hear those asshats typing away while Faber is speaking. I'm not even sure they were fully paying attention.
I've noticed that on CNBS and Bberg and it's very annoying. They have sound engineers it shouldn't be that difficult to alert the help that their tweeting to friends about menstruation is audible.
Quite so. Indicative of the indifference and uniformed state of the on-air personalities at CNBC. Maria "Mile High Club" Bartiromo has been doing this for years and years; the click-clacking is usually followed by an interruption, containing a nonsequitur question.
+1
Interrupting ? In that vein, Kudlow is completely unwatchable.
Faber has been "constructive" on Japanese equities since 2004. Since then they have handily underperformed the MSCI World Index hedged to JPY.
Of course, sooner or later Japan will start outperforming the rest of the world and then Mr. Faber is "right". Who cares about timing?
"sooner or later Japan will start outperforming the rest of the world"
Right now my guess is later. Much later. But, never pass up a chance to "buy the dip".
He didn't mention gold. I'm not surprised since it's getting KILLED!!!!
Did Gold sleep with your mother or something?
Speak when you're spoken to.
It's the internet. How am I supposed to hear you? The sound of a keyboard?
You first, loser.
William the Bastard's mother was fucked by a Gold Golem and he's never gotten over the fact the he's a troll and will always be a troll.
He mentioned gold and oil would get hammered on msnbc earlier this morning.
"Bubbles" Bernanke to the rescue!
LiesMan was "a little stunned",didn't comment,they all know Faber is telling the truth,he always does,the fact LiesMan didn't try and argue with him was very revealing.
I love you Marc.
That was a good interview
...in other news the EPA just released a study about the effects of radiation from cell phones.
Your brain is now perfect. Now they can blow your brains off.
"It is not enough to obey him. YOU MUST LOVE HIM".
Gold up in AUD
Buying opportunity of a liftime in Japanese equities UNLESS there is a meltdown? Thanks for that vital info, Mr. Faber.
Yeah, that was a bit retarded. But, props to Faber for going against the grain. Like Rosie, I don't care if these guys are right with every prediction, but they have the balls to go against the herd. I admire them for that.
Just BTF Radiation Meltdown Dip
Just use Priceline to buy stock. You get a good deal.
I wouldn't trust either cnbc or Faber. Keep in mind that in the absence of any real value being created this is just a zero-sum game, one's gain is somebody else's loss. You don't really think that Faber was there for the mankind's benefit ?! Or that cnbc's shows are there to serve you ?!
Bingo. Always a buyer and a seller for every trade.
REITS almost back to par...Seriously, this is a fantastic joke.
Faber has been hit hard with his Japanese stock picks and European insurance picks.
http://fundmanagernews.com/marc-faber-japan
I think that he is right - sit on the sidelines and wait to see what happens in the next month or two.
That's the party line, and the reason gold is dropping. Everyone want to be in cash or something easily convertible to wait this thing out. Meanwhile the CBs devalue your currency while it sits.
Food and PMs the way to go.
Liesman stunned...priceless....please CNBC have more guests on to stun him into speechlessness with truthful statements based in reality (generally not allowed in cnbc-rainbow-unicorn-happy-go-lucky-BTFD-land
As for buying stocks, Things are not quite bad enough yet. Dow 10,000 is where the cash deployments begin and the buys would be measured with plenty left over for the trip to Dow 6000. I personally believe we'll see Dow 15,000 before Dow 6000, and I believe a Dow 15K will mean that our FRNS are worth dick but since securities are priced in dollars things will still look OK to the quarterly statement readers. Dow 15K will mean QE3 is "working". I was thinking Africa was going to be the perfect crisis to lay our festering economic woes on since expensive oil is a great thing to blame a recession on, but now of course Japan will be the nail in the capitulation coffin that this "recovery" can publicly be put to rest in. Watch for the QE3 funds to be deployed and go to work on wall street pre-election.
I am being instructed to sell some silver (7% of my position)- I have been ignoring this order since we hit $32.5 /oz. and will remind myself that every time I ignore my algorithm I lose. I was thinking it might be time to reallocate the PM portfolio to include gold. A barter would not be a taxable event and the ratio was under in the 39:1's all week. These are 1998 levels. Warren Buffet does not think highly of Gold and says all the gold ever mined is a 67 foot cube, and at current prices, the value of the cube could buy all the farmland in the USA, 10 Exxon Mobiles, and you'd still have a trillion dollars of walking around money. As far as productive uses of assets, gold looks pretty lame in this light.
When you plan your next move and think "what is the average Joe thinking?" remember I'll be looking in the mirror. Good luck!~
Marc may be a little off in his assessment of the recent increase in criticism of the Fed. The rising criticism, IMO, is due to the excessive printing.
The cheerleaders for this Fed easing are the recipients of the manipulated market numbers. The critics are an expanding group of market observers conscious of the debt catastrophe and imbalances developing in the economy. If the major correction in the market arrives and the Fed response is accelerated printing, the market beneficiaries will be drowned out by an even greaert crescendo of Fed criticism.
As Tyler says: "Zero Hedge has been rather vocal in our opinion of the world's most destructive central planning buro from day one. We will continue being so, regardless how low the S&P plummets... Perhaps even to its fair value south of 500."
To which I say: Amen.
Marc was more likely referring to the political class of critic(not the informed financial types),who being completely without morals or principles, the fickle, unprincipalled vermin they are-switch their allegiance or support at the drop of a hat to that of the Fed in order to provide a quick fix to every solution-their response to virtually every problem they encounter,oblivious and regardless of the long term consequences to the economy and the country.
Faber is ahead.
Faber is showboating again - notice how he said BB had no choice - he has a choice of sorts but if he goes down that road the dollar will begin to lose the medium of exchange function - and therefore killing it stone dead.
Mark my words. the official QE3 will start in the begining of April.
Here is your 411 event in NYC.
http://www.bloomberg.com/news/2011-03-11/new-york-police-plan-to-conduct-dirty-bomb-training-exercise-in-april.html
July 28, 2010
Economist David Rosenberg and investor Marc Faber have wagered a bottle of scotch whiskey on whether U.S. 10-year Treasury yields can go lower than 2 percent:
Faber won that bet.
http://www.businessinsider.com/marc-faber-and-david-rosenberg-bet-a-bott...
I think Faber was spot on. Interesting how the CNBC folks dismissed him... "So you think the Fed is going to pretend to stop QE2... then..." and at the end when they were speechless - it was dismissive. But that's exactly what's going to happen. Fed is going to let the market go down after QE2 so when qe3 starts up, it will be welcomed, and the Fed will have saved the day again. I think silver is the only sure bet out there, even at these price levels.
For the first time ever, I have to disagree with Marc Faber. In my opinion, there will be no QE3 program. If my suspicions (gut instincts) are correct, the Chinese have placed a proverbial gun to the US Gov head and said, don't even think about printing, take the pain, and start thinking about Sweat-Shops.
I have no evidence for my position on this, I'm just listening to that 'Little Voice'.
We'll see!