This page has been archived and commenting is disabled.
Marc Faber: "People With Financial Assets Are All Doomed"
As Barron's notes in this recent interview, Marc Faber view the world with a skeptical eye, and never hesitates to speak his mind when things don't look quite right. In other words, he would be the first in a crowd to tell you the emperor has no clothes, and has done so early, often, and aptly in the case of numerous investment bubbles. With even the world's bankers now concerned at 'unsustainable bubbles', it is therefore unsurprising that in the discussion below, Faber explains, among other things, the fallacy of the Fed's help "the problem is the money doesn't flow into the system evenly, how with money-printing "the majority loses, and the minority wins," and how, thanks to the further misallocation of capital, "people with assets are all doomed, because prices are grossly inflated globally for stocks and bonds." Faber says he buys gold every month, adding that "I want to have some assets that aren't in the banking system. When the asset bubble bursts, financial assets will be particularly vulnerable."
On the error of the Fed's ways:
The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly. It doesn't increase economic activity and asset prices in concert. Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market - things like stocks, bonds, art, wine, jewelry, and luxury real estate.
Money-printing boosts the economy of the people closest to the money flow. But it doesn't help the worker in Detroit, or the vast majority of the middle class. It leads to a widening wealth gap. The majority loses, and the minority wins.
...
The neo-Keynesians would argue that if the Fed hadn't flooded the system with money, things would have been much worse. That might be true, but they would have been worse for a shorter period of time.
On the Bubble:
I am suggesting that in the fourth year of an economic expansion, near-zero interest rates will lead to a further misallocation of capital. I thought the U.S. market would have a 20% correction last fall, but it didn't happen. I also said the market might explode to the upside before the correction occurred. We might be in the final acceleration phase now. The Standard & Poor's 500 is at 1650. It could rally to 1750 or even 2000 in the next month or two before collapsing. People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles.
On China:
There has been a huge credit bubble in China, and it isn't going to end well. Its economy officially grew 7.7% in the first quarter. In reality, it is growing 4% a year, at best. Figures on Chinese exports to Taiwan, South Korea, Hong Kong, and Singapore don't agree with the import figures of those countries. In each case, reported exports are much larger than reported imports.
On wealth divides and Social Unrest:
Again, the economy of the rich is booming. There has been huge wealth accumulation in Asia in recent years. But the middle class has experienced diminishing purchasing power. Throughout history, growing wealth inequality has been corrected either peacefully, through taxation and wealth redistribution, or by revolution, as in Russia. I am not sure we will have a revolution in the Western world, but I can see European voters turning against the arrogance of the bureaucracy.
On Europe:
Investors don't fully comprehend what happened in Cyprus. In the event of future bailouts, bank depositors will lose a percentage of their money. Money in the bank isn't 100% safe anymore.
On Gold:
Gold is down 30% from its 2011 peak of $1,921, but has far outperformed financial assets since 1999. A correction was overdue. I have about a 25% allocation to gold and buy some every month. I want to have some assets that aren't in the banking system. When the asset bubble bursts, financial assets will be particularly vulnerable.
Gold is easier to carry than a Lamborghini.
Most of my gold is in a safe-deposit box in Switzerland, but I am shifting it to Asia.
»
- 92151 reads
- Printer-friendly version
- Send to friend
- advertisements -
In da streets wundrin' y dey EBT ain't werkin' nomo, nawmsayn, yo?
Totally,
But what I meant to suggest was that most people don't have anything to save or put away for a rainy day. When that rainy day comes, you is fucked, son. You. Is. Fucked.
The goods news is any amount over the FDIC insurance is covered by universal health care insurance.
ICD-9 code 995.81 Battered person syndrome.... you brought it on yourself...
"legerdemain and skullduggery of bankers and politicians."
Nice and succinct.
You are Here
.
Naw dawg, I'm over here, see?
*takes a sip of beer* (fact)
M. L. Stedman, lawyer and 1st book author, nukes the family with amoral wife triumphet over war veteran husband burdened with traditional values in "The Light Between Oceans." This NWO psych job comes complete with supplementary study quide to keep the female reader on message.
People with financial assets are doomed, and people without financial assets are even more doomed.
People with nothing to lose are much more dangerous.
I dunno. Fukushima is doing a pretty job of killing shit. Nothing like ignoring death on our doorstep to make it go away.
Wormwood Perhaps?
Wormwood might be the answer. Absinthe. What doesn't kill a man outright can probably at least hospitalize him.
Absinthe will make you forget your troubles.
Exactly what Celente says, when he says when people lose everything they lose it.
Cramer says when people lose everything its bullish
So are people with everything to lose.
There are different levels of Doom ???
/iddqd
yeah, in 1996 I defeated Doom somewhere around level 26
Re.
Marc Faber: "People With Financial Assets Are All Doomed"What about "de-knobbed" trans-gendered, bull-dyke, sugar-plum-faires with fake tits trolling the streets of BangKock?
Is there ANY hope for them Marc?
I have knews for you my friend......just about everything has become fake in this world due to the insane pursuit of wealth and power without regard to justice. And justice to me is HOW you prepare and treat the world and its systems for the next generation.
But for the time being take your pick amongst fake money, fake food, fake financial assets, fake accounts, fake governments, .......
Rock on ;)
I'll take fake bitches and fake blow, bitchez.
and if your fake bitchez are shemales and your fake blow is Tide, you're still in, right?
justice has been awol for quite some time.
Wow, glad you stopped there, for a second I thought you were going to say the boobs weren't real! That would have ruined my whole day.
How the fuck can anyone take seriously someone posting as 'NuYawkFrankie' who uses an avatar of Patrick MacGoohan - A BRITISH FUCKING ACTOR?
No self-respecting, pre-9/11 REAL New Yorker would tolerate that shit...
@A.Magnus
Take that back!
Any main guest star in a Columbo movie is the bees knees or the dogs bollocks.
No jurisdiction's safe bixes are safe either. I suggest that he buys a canoe and that he has a boating accident.
I think that's the goal here... the lost AU needs to sink to the bottom of a THAI lake.
poof
Au, Ag, Pb and by all means learn to speak Mandarin.
If the Chinese are increasing their footprint around the world, hold vast amounts of gold, are using our worthless FRNs to buy up solid assets like pork plants and real estate in the U.S., and sure as heck appear to be the rising power, a functional understanding of their language would be a powerful capability.
Even more powerful would be to make your kids learn it.
They will be worlds ahead of their peers.
Metals are worthless if food is the primary concern. Man is three meals away from getting real pissed off.
Agreed.
If someone is stacking anything beyond a token amount of metals and does not have food put to the side or a reliable means to produce it they need to reevaluate things.
Prioritize.
This is true although if you have to leave your home or you are in physical danger, no level of preparation is adequate unless you possibly have 5 hours notice o you can drive out to some abandoned mine and take up a corner of some mine shaft.
Best preparation is to have a plan of action in concert with a group of like minded people.
The only way to survive a global "depression" (read regression) without massive depopulation is for everyone to save up. If only a few individuals (100,000 is few compared to millions and millions) save up and no one else does, they will be the first to get robbed, beaten, and eaten. Unfortunately, those who save up and get beaten and eaten will also be the smartest of the bunch. And so goes millenia of evolution.
If everyone saves up?
I understand what you are saying but my observations are that most struggle to get buy on what they earn let alone save up in any shape or form.
Hopefully they starve before they find us.
We all have financial obligations. I make an average living and my obligations are entirely toward providing for my family and friends. I keep very little money for myself because I am a poor person by choice. But when I think it is time, I will set some grains/beans/legumes aside so I may eat and feed a poor soul or two when times get rough.
The freakshow continues as the olympian can-kickers display their talents. One day, our supply chains will stop working, and all the codependent JIT production chains will snap like fucking crackers resulting in a global dearth of food and basic necessities. That is the eventual conclusion of an infinite-debt based model.
Please consider olives. They require no cooking like beans do. I am not being flippant when I say this.
But i agree that supply chains will be in great danger.
Considered and remembered. I know how to make a still. Dirty martinis, anyone?
Great advice, olives in brine, feta cheese in brine in a wooden barrel, preserved pork & lard in oil and fat, salt preserved sardines in barrels. All these last a life time.
Check eastern European and alpine region traditional food preservation methods as well as Spanish and Italian smoked pork butt or dry cured prosciutto (which some pronounce prostituto)
Virginia ham of course is one of the best.
You are all set when you have your mini garden in an enclosed porch facing south east and the PM's burried under the dog house in the yard with your German shephards.
Last but not least guns and ammo of your choice
In that case it is best to be in a country that is self sufficient in food and has enough fuel reserves to keep itself going. International trade could collapse completely in a crisis. The USA and Canada are better bets than some countries that have to import all their food, or have no fuel resources at all.
Andes, horses, Llamas, veggies, guinea pigs, home made wine, smiling natives who would tend to your farmland for food, shelter and a few essentials. mountain lakes, clean air and satelitte TV if you so desire.
Preference of country? I was thinking Ecuador...
If you are where trouble is, your plans have failed. There are always better, relatively, places. The trick is timing.
You must add goats and chickens to your PM list.
I will tell you farm work is hard but rewarding.
RIGHT but look at the free syrian army! with a gun and a nife they succeed turning a syrian soldier into a free meal!
food protects you from hunger not from hungry armed necrophiles! http://youtu.be/RFfnxK-YGGQ
RIGHT but look at the free syrian army! with a gun and a nife they succeed turning a syrian soldier into a free meal!
food protects you from hunger not from hungry armed necrophiles! http://youtu.be/RFfnxK-YGGQ
You are being very generous, I think. I know a few folks who are in meltdown after 5 hours without food. If EBT cards ever get cutoff for more than 24hrs, it's going to be a completely different world.
Nationalization bitchez.
let them spake englis
The major problem with financial assets is that they are arranged like a pyramid of cans in a supermarket that reaches to the ceiling. The situation is exacerbated by rehypothecation, the fractional reserve banking system, crooks and opacity. Above all, the central bank's collection of dubious assets is like a dam wall that is holding back not water but raw sewage.
Good luck to anyone when that dam wall breaks as they try to pull a can from the bottom row of the pyramid.
Inverted pyramid. A regular pyramid would imply and large, stable base capable of having a few supports removed from it and still standing.
Inverted or not, the problem is that when you try and demolish anything from the bottom it becomes an immensely unsafe operation. But yes, when the the whole thing thing comes down it will definitely invert the present order of the system as true value assets are reinstated.
The mathematics of financial crashes has been likened to sandpile collapses for good reason. Our world financial sandpile is incredibly steep, and it has fingers of instability throughout the pile. Hit the wrong one and the whole pile comes down.
http://arxiv.org/pdf/1105.3574
http://arxiv.org/pdf/cond-mat/0407201.pdf
Define "asset" motherfucker. Lots of space left in the US for agriculture still. Fuck the Chinese, gold for food and resources sounds good to me, after all I am the ultimate contrarian. If you learn mandarin, just learn to say "gold or oil for food okay, otherwise fuck off!"
LOP love ya but, "FRAK OFF'. Save the soil before the "Keystone Koch's" have der way.
LOL. My favorite counter question:
Define.......please?
I have folks that send me seemingly fringe stuff... suggesting.. some sort of global currency reset is coming.. baskets of currencies.. etc...
anyone else hear of such with any credibility? the sources the people send seem like just momo's on the web running their mouths..
You should head off to the Yahoo financial threads. They'll set you straight.
|> I know, Atomizer is a sarcastic asshole. Truthfully, just follow ZH, your answers will be found.
Jim Rickards, Currency Wars - using SDR's as a basket of currencies, possibly a basket of commodities intermixed.
I have folks that send me seemingly fringe stuff... suggesting.. some sort of global currency reset is coming.. baskets of currencies.. etc...
anyone else hear of such with any credibility? the sources the people send seem like just momo's on the web running their mouths..
I have seen NEW $100.00 bills and they are nowhere to be seen in circulation yet, and there is RUMOR also of a new Red money.
Dunno, I DO see a major come to Jesus moment if there is a re-set, those of us holding OLD cash, will get screwed if they remove the old, and make it mandatory for a turn in, and exchange.The OLD will lose all value(so you must turn it in), and as soon as one shows up with OLD, the IRS is gong to be there, seizing it, and making you spend thousands to prove where it came from.
Look for conference and working papers at the Federal Reserve, IMF, and BIS banks. See Bilderberg and Trilateral commission working papers. This stuff is online.
I guess if you are rich you are doomed. What happens to the other 90% of the population and the welfare bums?
the people are not doomed, their ideas as they relate to
the value and price of their assets, that is another story.
ongoing.
I have nothing.
Not even a soul?
Im talking money. My soul is in tact. I love life. I know my time here is short, So i just enjoy it while i can.
Hooray, hooray, hooray!
Lovely. But I have children under 10 yrs old to protect.
All you really need to survive is:
Fishing rod and tackle... two rifles (1 for small game, one for larger like deer) and plenty of ammo... portable water filter systems... tent or van or RV... sleeping bags... survival books.
If you can get a small group to obtain the above and all stay together in a little community to protect and assist each other that would be the icing on the cake.
Not a bad idea, but living off the land will only feed a certain number of hunters and fisher-folk: the density, for example, of Native American tribes, not the density of post-modern 'Murca.
You will need to be seriously remote from centers of population.
Think about who will be you neighbors in the middle ofnowhere. Life there will be extreme
You and all the other would be fishermen and deer hunters. Too many people on the east coast for that type of existence to be wide spread. Expect all wild life (free food) to be gone in months.
He's right, the first bubble fucked the working class. This bubble will fuck the rich. Sit back and enjoy!
There is one way to fuck over the Rich - let the banks collapse. This is nature's method of purging excessive wealth inequality, and it was short circuited back in 2008-9 by the .gov . If this is allowed to happen in a big future crash, most large accounts will be wiped out. Stocks held in street name could be wiped out as well, so if you have big (>500K) holdings it is best to hold actual certificates. If a crash is big enough, the stock and futures exchanges themselves could go down. Treasury bonds will be ok, but only if they are held with Treasury Direct. If you have your bonds with a broker and the broker goes down, you are SOL.
Really, so the bail-in's won't be used, or they will be used and won't benefit any rich people. because we all know that a bank-orchestrated robbery is certainly going to benefit the very poor, perhaps the middle-class or maybe no one at all.
Oh, I'm sorry, should I stop talking the LSD now?
Banks *will collapse*. It's part of the plan. When people cannot repay their debts, the bank goes tits up and a bigger bank buys the assets and the taxpayer gets the debt. The bigger banks therefore put their competition out of business and get free assets. This goes on until there are 3-10 criminal organization central banks worldwide who collaborate to set prices on everything and financially rape everyone but their friends.
If the people rebel, they stop issuing credit to Cargill, Shell, Walmart in the rebelling areas saying its not safe to risk their money there. When the real reason is to starve that population of food and fuel. The drones will move in to supress the rioting and martial law is declared.
Soon thereafter they will simply tell us that we behave or we are starved.
It won't collapse all at once. We will have time. Now stuff is cheap. Get what you need for you and for your children's children to have a future. Eventually the gold will be used to establish new systems. And your kids might just be on the ground floor like the Rothchilds were....
Compared to the rest of the world, Americans are the richest 10 %
When the SHTF, what do you think the 600 million Latin Americans to the south of the USA Will do?
Think about that.
Even with donkeys and old VW’s they will make it north at some point.
What if china decides to supply arms and munitions to said LAP (Latin American peoples)
nice little proxy war, this time the USA will fight for its own terra ferma (formally native american terra ferma)
But where will TPTB conduct this war ? maybe from under the sea, that would explain this....
http://usatoday30.usatoday.com/money/industries/manufacturing/2002-12-22-subs_x.htm
and this...
http://www.bornrich.com/secret-submarine-base-sale-175-million.html
and this
http://www.hindustantimes.com/Entertainment/Luxury/Submarines-the-ultimate-toy-for-the-super-rich/Article1-832576.aspx
and this beats all..
http://www.hardenedstructuresofamerica.com/HSA_Underwater_Structure_Brochure.pdf
After thought:
If I have inadvertently spilled the beans on the globalists plan for world domination, I would like to take this time to thank Tyler for allowing me to post on this great site and say good bye to all the gang here, I don't think they allow laptops or smart phones at the Robert Mueller FEMA Camp in Austin, Texas.
i like the glint of your foil
- .... .- -. -.- + -.-- --- ..-
http://www.csgnetwork.com/morsecodedeconv.html
The argument that if precious metals become money they will be worthless and food , energy ecetera will be priceless seems quite sensible. I have noticed the argument is generally put forth by people still invested in stocks bonds and the like. But there is another reason to own PMs.
Repugnance
I find bankers repugnant. I find financial advisors repugnant. CNBC makes me vomit. Stocks make me want to vomit. CEOs make me want to vomit. Bonds make me want to vomit. Perhaps this is unreasonable but thats the way I feel. They repulse me as does their casino. I will not play in their casino and avoid all business with them to the extent I am able. This leaves only physical possesions. My whole idea of wealth has changed. Wealth is sitting on the porch with your girl and your cat.
AND/OR your dog.
(We have both).
Indeed! Your wealth is your well being, your good health, and your piece of mind!
"The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly."
Followers of Lord Keynes assume that capital is homogeneous. Austrian economic theory shows that capital is heterogeneous, particularly with respect to time. When the major central banks of the world all collude to suppress the time value of money to nearly zero, it destroys the ability of those responsible for investing and deploying capital to properly allocate between short and long term uses. But screwing up this important information was the policy goal of the Keynesians when they told us they wanted people to make investments that were more risky!
This cannot end well.
it's not all suppressed equally. in Tokyo and Germany they use ye olde mercantilist method (trades surpluses converted into profits converted into national debt and further investment.) the USA does it via a "what the market will bear" which is the ULTIMATE solution for "figuring out yield." the question that needs asking is simply "how does the problem of financialization get solved with more financialization." it's really ludicrous that it's even being tried...the service sector is going to pick up the slack?
"Gold is easier to carry than a Lamborghini."
The four precious metals of the common man today: gold, silver, lead and brass.
My lead and brass allocation has way outperformed my gold and silver allocation.
I'd like to use a Lamborghini to carry my gold.
word.
word.
Keep My Word by Grant McLennan on Horsebreaker Star
http://grooveshark.com/#!/s/Keep+My+Word/2yXPqm?src=5
Faber has always been on the Marc!
"Foreign Relations of the United States vs. 'The Neo-Global Gyro-Axis Pivot', regarding a non-gravitational and Neo-Keynesian Imbalance (greed is good?) Syndrome... where east is east and the west is polarizing tumultuously South?'"
"The Bolshevik 'Coup d`Etat' November 7, 1917" http://avalon.law.yale.edu/subject_menus/20th.asp http://avalon.law.yale.edu/subject_menus/ch5menu.asp
(scroll down to see what the century has baring-down? now... upon the conscripted plebs of complacency via msm ussa?!)
boy, that whittle's it down.
The problem with having tangible assests is the gov will steal it from you when the time comes.
They have to disarm America before the theft takes place. Not going to happen. It’s all fun and play until a banker gets shot. :)
The IRS will be the ones to take the gold, just as they did in 1933. Bankers won't get shot, but there could be shootouts with IRS agents.
This is not 1933, rather 2013. All bets are off.
Correct
Lots of whining above, but not even a peep about criminals and controllers...
Seems rather pathetic, and enabling too.
Cabreado, why not tell us what’s really on your mind..
HSBC say your DNA will be the key.
All you need is love.
And, if you're wondering why I can't link to the full espisode, after getting the damn thing from the BBC archives (which was a miracle), SONY has decided that you can't view the entire episode because something from 1968 breaks their copyright. That's right folks, a Japanese Corporation that owned nothing of the original content back in the 1960's has decided that you can no longer view a Western made allegory with entirely Western music.
And yes, they've blocked it due to the Beatles song: which was 100% legally obtained and licensed at the time of filming. Which they obtained off the estate of M. Jackson after fucking him into insanity.
At this point, I'm sorry, but: Your rules are silly. You're fucking retards and your entire systems needs purging. And yes, Disney, that goes for your ability to copyright a fucking 400 yr old fairy tale as your own.
Really tired of your shit, old people. Kill them, kill them all.
Retrospective copyright needs to be burnt down. Total cunts. Oh, and Sony, you just earnt yourself a "spank on Monday" bonus. Let's just say: "You don't play nice, we don't play nice". Let's just say, I think the PS4 might have production issues. Hope your Bonds and Stocks are running on the Japanese economy well, because you just really miffed me off. (You didn't build that!, let's see how much we can fuck with that trope, eh, since you're doing it to 50 yr old content.)
p.s. Last time, you lost a few hundred thousand passwords to your online content. But since you didn't build the games you run, it's all fair game, no? They're claiming retrospective rights to your content. The customers, that is.
Nice stuff, 'A`ex M'
:-))
Alternatively, as I posted in early April, you can see the HSBC posters plastered all over the several Canadian airports that say:
"In the future, your DNA will be be your ID"
When you combine that with their version of Btcoin, you've made 666 self-fulfilling.
"In the Future, your DNA will be your data"
is plastered on HSBC posters in several Canadian airports -- as I blogged several times
since early April.
If you combine this with Intel's RFID implants, TPTB have you by the balls -- 666 ways.
/ Nothing like self-fulfilling prophecy. /s
You don't even need the RFID's. It's the money and the food to track that matters, not the people. The people must have money and must have food so by keying it all to your DNA, your serial number you can never remove, and testing it all with microfluidic chips (netbio: already selling them to DHS) you're fucked. It's the slave-collar you wear on the inside.
Unless you have gold, silver, guns, passport and/or "passport" (gold again) and can get the hell out before it all comes crashing down.
I've warned people for years that microfluidic lab-on-a-chip DNA analysis means RFID chips for humans is nonsense, overly expensive and overly bulky and won't be used. It won't. There you have it.
#1 all copyright is high terrorism
#2 I had no problem watching it
#3 sadly I guess I can't read between the lines again because I seriously see no connection between your point, the video and this article. I just don't.
#1 The nuanced solution is that creators of content should enjoy some (limited) form of copyright for a fixed amount of time (and a sane amount of time at that), but of course, we don't have that. We have Patent Trolls and a totally broken system where CopyRight is infinitely extended and people can purchase CopyRight on materials they've had nothing to do with. Of course, in a perfect world, you'd not need CopyRight at all, but any solution is going to have to be some kind of compromise. Apart from that the MPAA / RIAA etc are refusing any compromise at all, and thus need to be pruned.
#2 Oh boy. Looks like we're in slow-motion today. I included a clip that worked, because finding the HD full length episodes (which the BBC kindly released from their archives) will lead to this type of thing, if you can even find an original that hasn't been nuked from orbit by a DMCA take down notice:
This video contains content from Sony Pictures Movies & Shows and IODA, one or more of whom have blocked it on copyright grounds.
#3 Marc Faber: "People With Financial Assets Are All Doomed"
AEM: "You ARE your assets" (DNA): includes link to The Prisoner, final epsiode that's called "Fallout" (which is itself a double-pun involving M.A.D & nuclear war <> cyberwar threats later on, but there we go), which if you know anything about anything, you'd know that The Prisoner is actually an extended treaty on the nature of the Self & Identity within Society and what it is to be an evolved human ("Who is Number 1? YOU ARE, Number 6"). So, I was making a double reference to your DNA / Identity being not owned by yourself (Corporate ownership) but also that your financial assets that Faber is so worried about are not the thing you should be focusing on.
The clip itself is the Beatles "All you need is Love" (read the lyrics with reference to CopyRight for extra snark) while machine gunning down stereotypical Bond-esque bad guys. The show itself was parodying the Bond films and other "tough guy" shows such as The Man from U.N.C.L.E. - note how similar their costumes are to the baddies in the final fight in You only live twice for the link / extra points bonus round. (You'll also notice that both involve a nuclear missle launch if you doubt this; it was entirely intentional by The Prisoner's producers / writers, and was how they slipped through all the meta-stuff selling it as "TV Bond stuff! exciting!" while being extremely subversive in actual intent). If you need a reference, each of the characters refers to a particular "societal thread". For example, Number 48 represents the spirit of youthful revolt in the young adolescents of the 1960s (might want to look to Turkey to see another part of the "why's" to this usage I might have been referencing). Number #2 (the fat guy) is High Government (Parliament as Institution) and so on.
And so on... There's more, but irked. Go watch The Prisoner episodes 1-16 (whichever ones you can) for some quality subversion from a time before TV was totally corrupted into meaningless drivel. You'll notice that the meta-narrative of the entire series is the Prisoner (Number 6) each episode suffering attacks on himself to break him down to get his "information" while he is struggling to escape / discover "Who is number 1?" (see how this is relating to the theme of CopyRight?).
He's fighting against himself, because He is Number 1. Each attack is different, but part of the ways Society breaks the free human (This episode is fairly explicit about it). Take that knowledge, then wonder why I expressly linked you to a film called "You only live twice" and the themes in there if you want your mind blown a little. (Hint: Mr Bond "dies" and goes undercover in Japan, which might be snark @ someone entirely different reading. Be Seeing You Hivemind).
The rest of it is just an annoyed rant against SONY, referencing a lot of bad PR, past hacks on their company, production issues with factories they've had / might be having, mirroring their rather self-satisfied CEO's habit of trolling their competitors like MicroSoft on Twitter. I canna be bothered to unpack it all; if you have to ask, you ain't ever gonna know.
That help you? Lastly, consider why I explicitly linked Faber's thoughts to DNA. Tick-Tock, Tick-Tock.
20% of all human genes patented...
my pill is my passport...
FUCK CENTRAL BANKERS EVERYWHERE!! BRING 'EM DOWN NOW!!
Politics here in the US too are finally bringing about change. Impeach Obama is a possibility now.
And I'm sure President Biden will be a dynamic leader working for the interests of the people. We're going to need alot more change than impeach Obama.
No truer words have ever been spoken SMG.
edit: Even so this is worth a read: http://hyperboleandahalf.blogspot.com/2010/04/alot-is-better-than-you-at-everything.html
Allie Brosh is back! She did not kill herself after all. What a headcase she is but I love her nonetheless. She could blog circles around any of us and even the best Tylers. She makes it appear that writing is effortless and easy. Allie is batshit crazy in a beautiful way. I respect Allie tremendously and am glad to see her writing again.
http://hyperboleandahalf.blogspot.com/2013/05/depression-part-two.html
Biden?? Hahahaha. That's a joke, right?
I could see Europe having a political revolution and installing a 4th Reich once unemployment reaches the breaking point. The EU gov machinery is already in place. It just needs the right leaders and conditions to happen, and we will see millions of jackbooted troops goose-stepping down French, German, Italian, and Spanish streets again.
and Greek.
Greece has an official neonazi party, Golden Dawn, who actually ran in real elections and actually got votes.
Whoever gave you a -1 is a dumbfuck who hasn't followed history OR recent politics.
Whoever gave ME the -1 is a dumbfuck who hasn't seen the Golden Dawn swastika flag.
http://vicneverman.files.wordpress.com/2012/05/golden-dawn-nazis.jpg
Sam Stone - John Prine
http://www.youtube.com/watch?v=Sl9ZkYViEIs
.
Neil Young - Heart Of Gold
http://www.youtube.com/watch?v=Eh44QPT1mPE
Imprisoned CIA Torture Whistleblower John Kiriakou Sends Letter from Prison.
http://dissenter.firedoglake.com/2013/05/29/imprisoned-cia-torture-whist...
Interesting story and interesting site other good reads, thanks for the link.
i love marc faber. the man is so fucking smart.
stay strong marc, u will be right very shortly. its taking a bit longer than we had thought, but it is going to happen soon.
keep loading up on gold marc, i am as well.
His calls last November after the elections were quite prescient. He was asked by Bloomberg shills what he is doing to protect his and clients' investments and he said he needed to 'buy a gun; a machine gun...actually a tank', and he also said Owebama might not survive the 4 years of the term, because 'where there is smoke there's fire.'
He sure seemed to be dead on. Physical guns have been a hell of an investment if one was looking to speculate on them, let alone they are always critical to defending one's self. And RGR and SWHC have done well despite probably being the most hated stocks. And with IRS, Benghazi, Fast and Furious, Holder, etc., it sure seems like his Owebama call is right on track.
http://www.zerohedge.com/news/2012-11-07/marc-fabers-asset-protection-pl...
MNhere. Do you sell fish?
I do not. I am a big time walleye fisherman, though.
Ahh, walleyes. Fishing on Mille Lacs perhaps? I have not fished that lake yet as I am originally from northern Wisconsin. Big McKenzie was my walleye fishery. I live in St Cloud but I work all over the Twin Cities metro area. If you ever want to have lunch let me know @ manipuflation@boatingaccidentnews.com I have met and spoken with Michelle Bachmann, Eric Paulsen, Tom Emmer, Tim Pawlenty, Ron Paul and a whole lot more, but I have never met another ZHer here in MN although you obviously exist. It's time to get together and start formulating a plan. I already know a lot of folks in MN who are politically active. It seems futile I know but it is much better alternative than going full retard. I will pay for lunch if that is OK with you.
Thanks for the invite. I am from Waconia in the SW suburbs and have a cabin up an hour south of Int'l Falls, in Northome (it's by Blackduck). Island Lake is what it's on, and I fish that a lot and also Upper Red of course. I'm actually a college student just about finishing up, in Chicago, and already have been trading futures and commodities at this small proprietary trading firm here.
Probably not in the cards anytime soon really to meet up as far as I am looking at being down here for the whole summer save for holidays, but in the future it sounds like a great thing, to meet another ZHer.
Indeed I'm already pondering my SHTF plans, and being up north in an area by my cabin sounds pretty intriguing hunting, fishing and pretty sparse population. I've not been in St. Cloud much, usually go through Monticello and Big Lake on the way to the cabin.
Stay in touch and I'll look for your posts to chat about whatever MN (I still follow its politics and sports scene and everything) and know that at least there's a fellow Minnesotan on here!
I've got an uncle who is all in with prepping, has moved out from an eastern Twin Cities suburb and now lives out on a big piece of land in Cambridge, has the chickens, goats, great pheasant hunting, sizable corn crop. He has all the food, too, and has been buying PMs now as I told him about where to get 'em, at pawn shops and he also buys a lot of one ounce copper rounds.
It's amazing how he went from a more urban life (albeit out in rural-ish Anoka area so still pretty far suburb and now is investing in tractors, has a humvee, and of course the Gadsden flag as you pull up.
I'm hoping to do well enough trading, put my profits in physical PMs (already have a decent stash of silver) and then get out of dodge here, as I do not want anything to do with urban areas. Who knows when things really deteriorate
"then get out of dodge"
I am pretty sure that MN is already out of dodge. International Falls? Yeah, that is way out there but I do have business contacts in Hibbing. Feel free to contact me when you get back into town. The offer for lunch stands.
I am still a MNGOP senate district officer. See ya later Bachmann. I do not harbor any illusions but they know we are here and that we are ready.
We all are doomed because everyone knows "On a long enough time line, the survival rate for everyone drops to zero"
On a long enough timeline, a correction will happen. So will a crash, war, sunsets, hurricanes, etc.
Advanced investors would settle for the correct fucking YEAR, never mind finer granularity. Otherwise I can read my own tea leaves and save time by listening to Click & Clack, rather than reading The End Is Here day after day, month after month and year after year. If we stop bullshitting for 5 minutes. /s
A blogger in this posting mentioned mentioned that they regarded ZH as an early warning station. Perhaps so. But it also begs the follow-up questions:
Early Warning for what exactly, with what specific outcome? I am no longer so gullible or naive, as to think/believe that any ONE site will have all the magical answers.
Meh. I am not sure what to say anymore. I mean seriously, what does it take, besides a printing press, to satisfy? Tell me again why I say or do anything that really matters. So fine, now you ZHers will know my name via this youtube. I've quit eating fast food since then. I'm 60 lbs less now. That aside, I want you to know that I have peaceably tried to infiltrate the system if for no other reason than to protect our few remaining liberties.
I can only hope that my efforts might have a butterfly effect. Otherwise, I am all out of bubblegum.
http://www.youtube.com/watch?v=WmidVya4fTI&NR=1&feature=endscreen
Faber: you are DOOMED!
me: shocked. Just shocked, never saw it coming.
But does he have bitcoins?
Just to say Hallo guys.I am realy tired mentaly.Guess most of you feels as me,helpless to change anything.
Hope. Not for this world but for the next. Can never be taken from you. John 3:16
" I am not sure we will have a revolution in the Western world, but I can see European voters turning against the arrogance of the bureaucracy. "
Wishful thinking on your part Marc Faber. Face the fact that Revolution WILL occur in Western Europe and WHEN it does it will shake the US system to its foundations. It might be a very lonely world for the US if Europe explodes and turns away from the USA in revulsion at the Washington Consensus Chicago School rammed down the throats of Europeans.
Riots in Turkey with the potential to be Tienanmen could blow NATO apart and split Turkey leaving the AKP voters cut off from Western Turkey and Kurdistan emerging across Turkey/Syria/Iraq. France, Italy, Spain could explode and isolate Germany and Austria. The Netherlands is a basket case like Britain with yet another bank failure in Britain where bondholders are going to take a big haircut.
Be interesting to see how the US fights to retain Britain as a base - whether it will use drones against protestors or targetted killings. It is clear Britain will not be allowed to protest too much before the Bahrain solution is imposed.
Marc Faber should stop thinking that only Non-Whites have Revolution nowadays
Interesting perspective.
As I've said earlier, the fact and truth is that it is the Europeans and not self-righteous Americans who have a lot more experience with Revolutions (in living memory).
For these reasons I'd put betting odds on real change happening there as more likely than here. Wishful thinking aside. Personally, I've never been big on hope as a viable strategy.
Bin waiting for the Tylers to get on top of this story all morning.... seems the weekend is a lull their news cycle. It's extremely quiet here right now, everybody is huddling, planning the next move. The opposition CHP made a very big play yesterday, sending a hundred thousand supporters across the Bosphorus Bridge to join the Taksimists.... the police fell back immediately. I've assembled this assessment and will place it here now, just in case part of AKP's next move is to shut down our internet and social media. Please repost should that occur.
When BamBam and the suited Sultan met up a couple weeks past in Washington, the atmosphere was redolent with recrimination. How quickly everything had changed from the heady days of just a few months before – when the Nobel Peace Prize winner had flown from Tel Aviv to Ankara with a message of contrition from the tiny terrorist statelets’ Warmonger-in-Chief, delivered so as to achieve the necessary closing of ranks by which the Zatonic Alliance of the North Atlantic Satrapies, the Gulf Sheikdoms, Tayyips’ neo-Ottomans, and Israel could finally move in tandem to close out Assad’s inventory of survivalist strategies.
As with all the phony PR moves that serve to delude the publics of whichever branch of the Kabbalistic Tree of Death needed attention, this one was designed to show the suited Sultan as the high level statesman and chess player whom Turks could rally around to advance their reignited sense of place in the world. If that meant following his adventurist political gambit against neighboring Syria, so be it! No omlette gets made without breaking a few eggs. Hearts would swell with pride, and Turks would go along with the strange and self-destructive policy of attacking secular states in order to insert unstable extremist regimes with obvious foreign backing. So went the thinking. But now the eggs shells lining the sidewalk are those of Humpty Dumpy and the Hubristic Crew of sionist puppet princes who are poised to pay the price for their treachery and deceit. Taksim Square marks the spot of Humptys' Fall from grace.
As “Arab Spring” became increasingly evidentiary of a “poisoned well” of sionist strategy to further enfeeble and break up the Muslim world, the attempted media campaign to confuse and misdirect Muslims got harder and harder to impose onto a Turkish public no longer livin large courtesy of an economic expansionary phase which had run out of steam a year and half back… though nobody was ready to talk about the hangover yet. With personal debt levels and the cost of energy soaring, the easy cash available from mortgaging the family homestead all gone, real estate gone bust, and government largesse drying up for all but the chosen few, the easy schaudenfraude of watching neigbours like Greece, Cyprus and the rest of the Club Med members slip into penury had dried up fast… to be replaced by an increasingly uneasy realization that the ‘good times’ were no longer guaranteed by the Gulenist Ascendancy to which Turkey had hitched it’s wagon a decade or so ago.
Indeed, the spirit of easy comradeship and collusion between the phony Pharaoh and the puffed-up Pasha had dissolved by the time of that recent DC conclave faster than a puff of the ol waterpipe! It was time for the same ol dirty lowdown which had signaled the start of the new Washington-TelAviv-Ankara partnership after the fall of the wall back in the 90s/// when the neo-cons had decided it was time to dump it’s Kemalist secular military allies in order to follow the new strategy of advancing the cause of “Islamist” political fronts which would create the phony frictions between east and west that gained full expression in the collapsed twin towers - an event which announced the arrival of the new era of dancing Israeli art student/arab sheikdom salifist Jihad against everything we used to think of as the accrued benefits of several millennia worth of ‘civilization.’
Obama was in fact announcing the closure of the the gates to his Turkic partner. In the spirit of Rome’s retreat from it’s outlying imperial stations, or the Soviet’s 1990 recognition of the impossibility of further defending it’s European frontier, the ZOGist regime in DC announced that here on, the ability of the Zatonist Alliance to fund and protect its Islamist assets in Turkey and the rest of the ME was done. No mo dough. And now the fallout follows. Tomorrow should be real interesting.
Erdogan returned to Ankara a beaten dog, but still with a vicious bite, in his own patch, and intent to rule his own roost, even if his own imperial dreams are dust. In the short intervening time since his return, his regime has pushed hard to institute all the necessary elements of a clampdown on the body politic necessary to solidify his power by stick, now that his carrot topped piggybank is hopelessly broken. And as he has just discovered via Taksim Square, it’s no longer possible to beguile n bluff Turkey into following his follies… his only road forward, if he’s foolish enough to follow it, will be one of bloody suppression. His choice now is either to drag Turkey down into yet another orgy of terror… or leave to better hands. Another sionist puppet prince drinks the bitter dregs of his empire of deceit! It’s impossible to say to what extent he will attempt to go in defending his madness. Shutting down the internet a la Egypt and Syria is certainly a prime option right now. Do not mistake Taksim for another so-called “Arab Spring” faux uprising. This is the end of the line for all that puppetry. This is the start of our summer of discontent… with the Axis of Evil that has ruled over all of us, east and west, for more than half a century now. If the West will not awake from it's nightmare, the rest of us must leave you to your fates.
Merikas retreat from the peripheries of empire is to be micro-managed now so as to not turn into a rout. In a best case scenario, the imperial troops stationed abroad to ringfence the Shanghai Alliance will be able to be brought home in time. But even the Pentagon knows thats a tall order. The House of Saud is dead. Assad is not. And Iran is not crushed. Time has run out on the hijacked and bankrupted west… even the Israelis recognize the need to make new plans in the aftermath of the crushing defeat of their proposed PNAC expansion. Like Samson, they will collapse the pillars of the pirate states which they used to push their hegemony over the European and Islamic worlds to its point of maximum penetration. http://www.globalresearch.ca/israeli-political-insanity-the-samson-option-israeli-letter-poem-to-grass-if-we-go-everyone-goes/30460 A new Dark Age awaits. Are you ready?
@ Joyful
excellent write...
,keep em comin
Thanks :-))
I got less than two hours fore it's bedtime for bonzo... and still lookin for ZH to get caught up to what is now indisputably the biggest story since the fall of the wall. Guess I gotta continue here... or nowhere.
It's now clear that Erdogan has been cut loose by TA/DC. Have to say this is the most convoluted brain teaser I've ever had to try to wrap my head round. See, part of the Taksim Sq thing is indeed a spontaneous outburst of peoples rage against the sio-machine.... but I'm also starting to get that part of the insane overreaction by the police must have been a pre-planned set up by the usual suspects to speed up the Sultans fall...*
are they gonna go back to the same Ergenekon army guys they hung out to dry with the switch to the AKP and Gulenists? Amazing! How fast the mighty fall... and now the fall-out... http://www.voltairenet.org/article178710.html -the reporting of which would have been impossible...even 48 hours ago... when Turkey still stood inside the Zatonic Alliance as the main player in the planned take down of Syria via the Al-CIAda mercs who are now apparently being rounded up!!!
Has Tayyip already gone rogue>??? Or is there already an element in the military taking care of bizness> http://www.hurriyetdailynews.com/ministry-to-take-action-against-police-... ? The whole ME is gonna explode if Turkey makes the wrong move here... and it's quite possible that this ... http://aangirfan.blogspot.fr/2013/06/plot-to-split-up-turkey.html ... is a correct assessment of what lies behind the sudden appearance of cracks in the "Islamist\Israeli axis of evil.
Keep in mind peeple... the reports of 'media blackout' are not true... the state media crews were attacked in the Taksim and Ankara protests because the people hate that controlled propaganda network shit here! And now that the western controlled media CNN\FOX networks are showing scenes of the protest... we can say with assurance that the ZATONIC media has been instructed to show the regime here who's boss.... there's no way their storylines would be critical in any way of the Tayyip-ists, unless for orders from headquarters!
The whole country is parting company today with the past 20 years of contrived western alliance with the actual enemies of the Muslim peeples... for sure all the TV watchers here will be feed their mind control pablum... but the sublimal messaging so effective in mind controlling the west is less advanced here... simply because of the cafe\street ....camel courier culture. Lines are drawn and nobody should think that the AKP will give up power and privilege willingly... whether Washington has shoved them out the door or not. All bets are off come tomorow.
*this is truly what JJ Angleton referred to as the 'wilderness of mirrors' ... one needs revisit Sibels work(with critical eye for her errors!) and take another boo at stuff like Engdahls' excellent http://www.voltairenet.org/article178623.html reprise.... and then step into Pepe Escobars' Pipelineistan world to even see what kind of pieces make up this puzzle! I'll need a good nights sleep just to get caught up myself. Maybe guys like Urban Redneck can come up with a few puzzle pieces in the meanswhile! Have Tylers been told not to touch this?
It is telling of the "New and Improved ZH" that there has been only one small item on Turkey ... and none on the 4 days of blockading the ECB in Frankfurt. It would appear that TPTB aren't too happy with these particular riots....
Back when the rioting was directly sponsored by the Zionists, in the "Arab Spring" as well as the anti-austerity riots in France and Greece, ZH was all over the action, with article after article.
Even Drudge has now moved Turkey up from a small item at the bottom to a small item at the top. :-/
get a good night sleep 'joyful' and cogitate your dream-time defining the chiaroscure matrix of a satori moment?
your already there,... but like most [subjectively speaking-jmo], afraid of this existential rubicon`toll-drawbridge of a surreal fait`accompli kafkaesque situation...?!
keep-on-keepin
I wish I was so elegant and eloquent in my writing so I will expose my Americanism here....You are a pimp. Keep em' coming Joyful!
Had to plus you up IR just because some dickhead red arrowed you.
JOYFUL, you are an excellent writer. What do you hope to accomplish with your efforts? How far do you intend to take your writing?
edit: Wow, down voted because I civilly told two other ZHers that they did a good job. I will try to keep it clean next time.
hhmmm. Lots of possible scenarios there.
I don't see a successful revolution happening in Europe until people realise/admit that their political elites and the EU are utterly corrupt with their own agendas (I mean corrupt to the core), who persue policies in their own interests, not those of their electorates. The EU is becoming a fascist dictatorship and member state political elites are quietly supporting it.
I see little evidence of public realisation so far. The days of peaceful demonstrations are becoming pointless. One look at the Frankfurt demo this weekend and those in Spain & Portugal shows clearly how EU governments have all the power, water cannons, pepper sprays and ultimately, guns. To maintain supremacy of the power-elites.
Until I see some serious gearing up for an equal fight by citizens (armed militias?) and a few targeted assassinations of the power-elites, I can only continue to believe the whole unrest thingy is a summer of discontent and the progressive impoverishment of people and repression will continue.
... ... ... ...
Not sure about this: "The Netherlands is a basket case like Britain with yet another bank failure in Britain where bondholders are going to take a big haircut."
Is there another British bank in the frame for collapse???
" I thought the U.S. market would have a 20% correction last fall, but it didn't happen. I also said the market might explode to the upside before the correction occurred. We might be in the final acceleration phase now. The Standard & Poor's 500 is at 1650. It could rally to 1750 or even 2000 in the next month or two before collapsing. "
I like Faber and have followed him for years, but the above covers all bases and makes him cry he was right what ever happens
OT: Ron Unz discovers the power of ZeroHedge
American Pravda: ZeroHedgeQuite so.
Ron Unz has discovered that ZeroHedge is the global antidote to the misinformation, disinformation and outright lies spewed by political elite talking heads and MSM's faithful reporting of it.
And as such may soon become the target of TPTB cyber attacks...
Or even worse...personal attacks! I hope they're watching their backs :-)
Excellent!
As ZH grows exponentially because it is the wikileaks of financial news - at what point does the MSM and Elites that own the MSM crush this site?
ZH is without a doubt on the radar and considered dangerous. No doubt the owners of the site are at risk of being considered 'financial terrorists' and whisked off to the dungeons without charge - without legal representation - never to be seen again.
We are soon going to see what America's real power looks like - fangs bared and snarling - as he gets backed into a corner