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Marc Faber Warns "The Bubble Could Burst Any Day"; Prefers Physical Gold To Bitcoin

Tyler Durden's picture





 

"The Fed's policies have actually led to a lot of problems around the world," Marc Faber begins his discussion with Bloomberg TV's Trish Regan, especially "people in the lower income groups [who] spend say 30% of their income on energy, transportation, and so forth, electricity and gasoline." The Gloom, Boom & Doom Report author goes on to discuss everything from how the Fed is creating a two-class system around the world, the inexorable growth of governments, buying votes, Bitcoin, interest rates, wealth taxes, and overall market valuations. "We are in a gigantic financial asset bubble," Faber explains, "everybody's bullish," but he sees a slowing global economy (as do we e.g. Baltic Dry Index); "[The bubble] could burst any day. I think we are very stretched." Faber is on fire...

 

Take 10 minutes and listen...

 

 

Prepare yourself... "In China, if I say what I am saying about the USA, they would not let me in the country"

 

Faber on the Fed and how far the 'rubber band can be stretched':

"We have to distinguish between the financial economy, the financial sector, and the economy of the well-to-do people that benefit from rising asset prices, from rising prices of wines, and paintings and art, and bonds, and equities, and high-end properties in the Hamptons and West 15 here in New York and so forth -- and the average person, the typical household, the so-called 'median household', or the working class people. And the Fed's policies have actually led to a lot of problems around the world in the sense that they're not only responsible, but partly responsible that energy prices are where they are, they're up from $10 or $12 in 1999 to now around $100 a barrel. Food prices are up and a lot of other prices are up. So on your income, energy prices have very little impact because you at Bloomberg - you, young man - you make so much money. But for the poor people, it has an impact. Some people in the lower income groups, they spend say 30% of their income on energy, transportation, and so forth, electricity and gasoline."

On whether the Fed is creating a two-class system:

"Correct, largely. The problem is then that you have people like Bill de Blasio, they come in and say: 'you know what's the problem? All these rich guys. Because of these rich people, you are poor. They take advantage of you. So, let's go and tax them.' The IMF has come out with a paper in Europe that essentially the well-to-do people should pay a 10% wealth task -- a one-time wealth tax. I can assure you, a one-time wealth tax, 10%, will become an every-year's tax eventually."

On how to help the people on the lower end of the economic spectrum:

"This is the point I'd like to make. All of these professors and academics at the Fed who never really worked in the private sector a single day in their lives, and write papers nobody reads and nobody's is interested in. Why would they want not write about how you structure an economic system that lifts the standard of living of most people? You can't lift everybody."

 

"We had that in the 19th century in the U.S. because we had very small government at the time. The entire government -- local, state federal -- was less than 20% of the economy. Now it is close to 50% of the economy."

On whether the government is spending too much money:

"The larger the government becomes, the less economic growth you have and the more crony capitalism and corruptions you have. Because big corporations -- and especially the money printers, they're the most powerful people in the world, they control the governments. The U.S. Treasury, the Federal Reserve, and the government is one and the same. The Fed, they finance the Treasury, so the government can go to war in Iraq and Afghanistan. Then they finance transfer payments to essentially buy votes so you can get elected."

On bitcoin:

"I prefer physical gold and silver, platinum to bitcoin. Bitcoin can have a lot of competition. Gold, silver, platinum -- they have no competition. 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. I'm not sure because prices overshoot. How do you value Netflix? Is it overpriced or underpriced? Is Tesla overpriced, underpriced?"

On interest rates:

"But one thing I wanted to show you and talk about because you said that lower interest rates help people. Well, if money trending helps everybody, then why does not everybody in the whole world always have zero interest rates? And everybody would be rich. You keep on printing money and you don't need to work here, you don't need to put on makeup. I could stay in bed the whole day and go drinking in the evenings. So, let's just print money and be all happy. It doesn't add up. One thing about the figures you showed: first of all, you live in New York. Do you really think that your cost-of-living increase is a 1.2% per annum? You really believe that? It doesn't feel like more, it feels like five times more, or even ten times more."

 

"Number two, by keeping interest rates at zero percent on the Fed fund rate -- i want to emphasize that this is now going on in March of 2014 for five years. It is not something new. For five years this has happened. You penalize the income earners, the savers who save, your parents, why should your parents be forced to speculate in stocks and in real estate and everything under the sun?"

On his view of overvalued stocks, including Facebook:

"I think it is to a large extent a fad. People they go on Facebook - what they do is they put pictures on and the only people that watch these pictures are themselves. They all want to be stars. It is a very distractive kind of occupation. I can't imagine that this would have a lot of value. I would rather own - I don't own it because I think it is very highly priced - I would rather own a company like Alibaba or Amazon or Google, than Facebook, personally. This is my view. Other people have different views. That's what makes the market. Some people are buying it and some people are selling it.”

On overall market valuation concerns:

"I think we are in a gigantic financial asset bubble. But it is interesting that that despite of all the money printing, bond yields didn't go down. They bottomed out on July 25, 2012 at 1.43% on the 10-years. We went to over 3.0%. We're now at 2.85% or something thereabout. But we're up substantially. Now, this hasn't had an impact on stocks yet. In fact, it pushed money into the stock market out of the bond market. But if the 10-years goes to say 3.5% to 4.0%, then the 30-year goes to close to 5.0%, the mortgage rates go to 6.0%. That will hit the economy very hard."

 

"[The bubble] could burst before. It could burst any day. I think we are very stretched. Sentiment figures are very, very bullish. Everybody's bullish. The reality is they're very bullish because they think the economy will accelerate on the upside. But my view is very different. The global economy is slowing down, because the global economy's largely emerging economies nowadays, and there's no growth in exports in emerging economies, there's no growth, in the local economies. So, I feel that the valuations are high, the corporate profits have been boosted largely because of the falling interest rates."

 


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Tue, 01/14/2014 - 21:12 | Link to Comment thismarketisrigged
thismarketisrigged's picture

thank god for mr faber, a man who actually understands what is happening right now in this world, and a man who is not fooled into thinking everything is going great because fuckbook or twitshit r up 2 percent plus on a daily basis.

 

he is right, this thing will end very badly and it can be any day now. i hope that day is sometime this week.

Tue, 01/14/2014 - 21:26 | Link to Comment knukles
knukles's picture

Goddamnit! 
See, this is exactly why America needs the biggest most powerful military juggernaut in the history of mankind, led by the most sensitive and caring leaders man's even had the pleasure to serve, so that we may be able to keep peace on the face of the earth, bring forth Natural Laws and Human Rights for all, be as a shining star for democracy, freedom of speech and assembly, small effective government and sensible foreign entanglements and expenditure.
And while we're fucking at it, let's make sure everybody on the earth and yet to be born are treated well, clothed nicely, nourished, with McMansion roofs over their heads, and a Volt charging in every 7 car garage, that no wild animals are prey for ornaments, trinkets or foodstuffs, that all men act as if they were created equally, live in altruistic harmony, vote freely for responsible representatives of their choice, that there are no energy shortages and clean water for all, fresh air and tasty SnoCones, no MSG in any foods let alone GMO's, that every child has a bottle of USDA Pure Organic Gluten Free Water, that there are no more wars, no mean police, all baby sitters are kind to children.  All women are placed on pedestals so men can look up their skirts... er, no that one's wrong.  All women have their hair and nails done weekly and depilatory back waxing at least monthly.  Paid for by the government.  That the industrial and information revolutions guarantee 80 hour holiday weeks, nobody works at all and if they do, it's only for nice people.  There are no taxes or fees. 
I mean fuck all, this is why America is great
And paying for everybody's s shit with printed money is a looter's game.

Tue, 01/14/2014 - 21:44 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Democracy is highly over rate, perhaps "spread democracy" is do more harm than is good. AmeriKa, winning heart and mind one bullet at time.

Tue, 01/14/2014 - 22:17 | Link to Comment knukles
knukles's picture

Boris, I've just come back from running around the neighborhood beating on my chest, sweating profusely, screaming God Bless America shaking uncontrollably, pleading for Krugerrands from heaven, and warning everybody about the End of Days, Rapture and Bozo's Law (Assume it'll all be OK).  Nobody but the 100year old guy who lives next door to me who plays German Horst Wessel music late at night and struts around with a small burlap sack of teeth on his belt pays any attention to me.  The sheriff hasn't even come.  We are lost.

Tue, 01/14/2014 - 22:47 | Link to Comment Calmyourself
Calmyourself's picture

Knukles you and Boris funny mans, kill you last..

Tue, 01/14/2014 - 23:36 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Marc Fable's warnings, served hot out of thighland.

All things considered though, one has to realize that this year has a special feel to it. If ever we came into a new gregorian with nary a silver linng in sight, this one has to be it.

The Indian Index is scaling new multi-year highs, especially for IT outsourcing stocks....which is such a joke, because it is all just hot money being flooded here (by the big banks/insurance companies) to bloat the middle class, nothing else. People are being full salary to sit on the bench, for up to two years at times.

What could go wrong in such an efficient capitalist construct?

ori

http://aadivaahan.wordpress.com/2014/01/14/zion-in-sochi-2014/

Tue, 01/14/2014 - 23:59 | Link to Comment BLOTTO
BLOTTO's picture

The power of the illusion is overwhelming...the masses cant fathom that its this corrupt, perverted - and on purpose. Thats a massive blow to the noodle.

 

Wed, 01/15/2014 - 00:48 | Link to Comment gmrpeabody
gmrpeabody's picture

Apparently, Knukles, you have a good supply of whisky...;-)

Wed, 01/15/2014 - 00:52 | Link to Comment markmotive
markmotive's picture

Gold is the preferred currency when SHTF.

Peter Shiff: Bitcoin vs. Gold

http://www.planbeconomics.com/2014/01/peter-schiff-bitcoin-vs-gold.html

Wed, 01/15/2014 - 02:27 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

I like my gold just as much as the next guy but you can't put a windfall tax on my bitcoins. 

Diversify BIATCHES

Wed, 01/15/2014 - 02:42 | Link to Comment fonestar
fonestar's picture

Mr. Faber doesn't understand the beauty, the power and the awe of Bitcoin (which is somewhat strange as we're the same age).  Bitcoin is the tax collector's worst nightmare and I would very much disagree with him on the point of competion.  Bitcoin simply blows gold, silver and platinum out of the water.

Wed, 01/15/2014 - 06:53 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

Prefers Physical Gold To Bitcoin

 

No batteries required.

Wed, 01/15/2014 - 07:39 | Link to Comment fx
fx's picture

There are already some 30-odd other varieties of sh!tcoin available. Heaven knows how many are going to follow and what other kinds of technologically more advanced stuff comes up. The way Sh!tcoins are "mined" is in itself a giant waste of resources. At some point, the various clone-sh!tcoins may become interchangeable - now that would be fun. having virtual exchanges of virtual currencies with all transcations also settled in virtual currencies. virtually perfect nonsense, so to speak.

Wed, 01/15/2014 - 09:28 | Link to Comment PT
PT's picture

Say what you like but please scrap the "waste of resources" argument.  Gold can't talk.  Most gold is dug out of the ground, using toxic chemicals to refine it, so that it can be stored in a hole in the ground, surrounded by guards 24/7/365.  A tiny bit gets used in the electronics industry.  You'll probably find some minor use for the numbers discovered by bit coin too.  Just because the average yob doesn't use the bitcoin numbers for anything useful.  The average yob does fuck-all with gold too, apart from adorning his gf with it in the hope of getting a root, which he could get without gold anyway if he bothered to learn how.  Is moving a tonne of dirt so you can have 2 grams of gold really a sensible part of life?

Apart from that, I have no problems with gold - stack on if you can, and I have no practical view on bitcoin - it might crash to zero, it might hit a permanently high plateau, it might oscillate for ever for all I know.  Just don't tell me it's a waste of resources unless you can explain why gold isn't.

 

Wed, 01/15/2014 - 11:01 | Link to Comment OceanX
OceanX's picture

I interpreted his comment on competition to mean other crypto-currencies.  I'm sure there are well over a 100 and they seem to sprout like mushrooms...   Personally, I think it is too early to tell which ones will last.  (I think there is room for dozens, but...) I remember when all the kiddies were on MySpace.

Wed, 01/15/2014 - 11:01 | Link to Comment OceanX
OceanX's picture

I interpreted his comment on competition to mean other crypto-currencies.  I'm sure there are well over a 100 and they seem to sprout like mushrooms...   Personally, I think it is too early to tell which ones will last.  (I think there is room for dozens, but...) I remember when all the kiddies were on MySpace.

Wed, 01/15/2014 - 07:39 | Link to Comment fx
fx's picture

...

Wed, 01/15/2014 - 07:31 | Link to Comment fx
fx's picture

They can tax it in good, old fashioned dollars. They may accept your Bitsh!ts too, if you haven't got the dollars though.

Wed, 01/15/2014 - 08:15 | Link to Comment samcontrol
samcontrol's picture

I like Faber , but immigration hugging him when entering the USA,is HUGE bullshit, that just doesn't happen.

Wed, 01/15/2014 - 02:59 | Link to Comment fonestar
fonestar's picture

Gold is the preferred currency when SHTF.

 

I think you meant gold was the preferred currency when SHTF?  Face it, in today's advanced technical service-sector economy people no longer relate to oldcoin.  It isn't hip, cool and lacks the wow! factor that really lets you push or dump it on your mark.  Young people today aren't going to sit around waiting for your Wells Fargo wagon carrying gold bars to show up either.  If someone doesn't pay for their item immediately and if I don't get my goods from a seller on eBay immediately, I am leaving negative feedback and possibly harassing or spamming them.  There's just no comparison between gold and Bitcoin in my view.

Wed, 01/15/2014 - 03:15 | Link to Comment akak
akak's picture

You're slipping, Phoneystar.

Just like MillionDollarBonus before you, you are sliding from an outrageous and irritating, if marginally believable, dogmatism into downright over-the-top absurdity which only shows you up for the anti-Bitcoin troll-within-a-troll that you actually are.

Crap.  And just when you were getting REALLY funny, too.

Wed, 01/15/2014 - 09:21 | Link to Comment Volaille de Bresse
Volaille de Bresse's picture

Yes : when the SHTF in no time we'll move from a highly technological paradigm (robot trading, ETF's VISA cards) to a barbaric one ("I'll swap you this for that, man"). 

 

Of Bitcoin and gold which currency is the most robust? Easy to tell... Imho you can bet some of your savings on BC but you invest most of what you have in gold. 

Wed, 01/15/2014 - 01:32 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

Lagavulin.....  There is no substitute

Wed, 01/15/2014 - 03:06 | Link to Comment fonestar
fonestar's picture

Thats a massive blow to the noodle.

If you aren't with Satoshi, you can blow your own noodle.

Wed, 01/15/2014 - 08:11 | Link to Comment samcontrol
samcontrol's picture

dood , you are boring the fuck out of us with your shitcoin and satoshit..

Marc my words, you will end up looking like your pic( i suspect you are half way there). ((plus de merde))

Wed, 01/15/2014 - 08:54 | Link to Comment caShOnlY
caShOnlY's picture

which is such a joke, because it is all just hot money being flooded here

sad isn't it? your a "whore nation" to the FIAT of the west! and when they are done with you they discard you like a used condom. 

But you do enjoy it!!  moan for us, India; MOAN!!! 

(at least some buy gold with the scraps of "MONEY")

Tue, 01/14/2014 - 23:21 | Link to Comment a growing concern
a growing concern's picture

Damn, I'll have one of whatever you're having tonight.

Wed, 01/15/2014 - 02:43 | Link to Comment fonestar
fonestar's picture

Ghost chili stuffed with bath salts?

Tue, 01/14/2014 - 22:32 | Link to Comment Keyser
Keyser's picture

Too bad I can't buy some puts on democracy. 

 

Tue, 01/14/2014 - 23:40 | Link to Comment Obchelli
Obchelli's picture

If you want you democracy you can keep your democracy

Tue, 01/14/2014 - 23:07 | Link to Comment spinone
spinone's picture

Boris, in america Corporations are people, and Money is free speech.

Wed, 01/15/2014 - 00:28 | Link to Comment booboo
booboo's picture

Try again, The Court never said corporations "were people"

Justice Kennedy's majority opinion[29] found that the BCRA §203 prohibition of all independent expenditures by corporations and unions violated the First Amendment's protection of free speech. The majority wrote, "If the First Amendment has any force, it prohibits Congress from fining or jailing citizens, or associations of citizens, for simply engaging in political speech."[30]

Justice Kennedy's opinion for the majority also noted that because the First Amendment (and the Court) does not distinguish between media and other corporations, these restrictions would allow Congress to suppress political speech in newspapers, books, television, and blogs.[2] The Court overruled Austin, which had held that a state law that prohibited corporations from using treasury money to support or oppose candidates in elections did not violate the First and Fourteenth Amendments. The Court also overruled that portion of McConnell that upheld BCRA's restriction of corporate spending on "electioneering communications". The Court's ruling effectively freed corporations and unions to spend money both on "electioneering communications" and to directly advocate for the election or defeat of candidates (although not to contribute directly to candidates or political parties).

The majority argued that the First Amendment protects associations of individuals in addition to individual speakers, and further that the First Amendment does not allow prohibitions of speech based on the identity of the speaker. Corporations, as associations of individuals, therefore have speech rights under the First Amendment. Because spending money is essential to disseminating speech, as established in Buckley v. Valeo, limiting a corporation's ability to spend money is unconstitutional because it limits the ability of its members to associate effectively and to speak on political issues.

The majority overruled Austin because that decision allowed different restrictions on speech-related spending based on corporate identity. Additionally, the majority argued that Austin was based on an "equality" rationale – trying to equalize speech between different speakers – that the Court had previously rejected as illegitimate under the First Amendment in Buckley. The Michigan statute at issue in Austin had distinguished between corporate and union spending, prohibiting the former while allowing the latter. The Austin Court, over vigorous dissent by Justices Scalia, Kennedy, and Sandra Day O'Connor, had held that such distinctions were within the legislature's prerogative. In Citizens United v. Federal Election Commission, however, the majority argued that the First Amendment purposefully keeps the government from interfering in the "marketplace of ideas" and "rationing" speech, and it is not up to the legislatures or the courts to create a sense of "fairness" by restricting speech.[29]

The majority also criticized Austin's reasoning that the "distorting effect" of large corporate expenditures constituted a risk of corruption or the appearance of corruption. Rather, the majority argued that the government had no place in determining whether large expenditures distorted an audience's perceptions, and that the type of "corruption" that might justify government controls on spending for speech had to relate to some form of "quid pro quo" transaction: "There is no such thing as too much speech."[29] The public has a right to have access to all information and to determine the reliability and importance of the information. Additionally, the majority did not believe that reliable evidence substantiated the risk of corruption or the appearance of corruption, and so this rationale did not satisfy strict scrutiny.

The majority opinion relied heavily on the reasoning and principles of the landmark campaign finance case of Buckley and First National Bank of Boston v. Bellotti, in which the Court struck down a broad prohibition against independent expenditures by corporations in ballot initiatives and referenda.[29] Specifically, the majority echoed Bellotti's rejection of categories based on a corporation's purpose. The majority argued that to grant First Amendment protections to media corporations but not others presented a host of problems, and so all corporations should be equally protected from expenditure restrictions.

The Court found that BCRA §§201 and 311, provisions requiring disclosure of the funder, were valid as applied to the movie advertisements and to the movie itself.[29]

The problem with "free speech" is allowing the government to be the final arbitrator in defining what IS free speech and the hoops you must jump through to be an advocate of an issue or person under threat of penalty or imprisonment. Try starting a PAC for Ron Paul or any cause that threatens the power structure and prepare for an anal probe, one uncrossed "T" or one undotted "i" in the reams of forms you are dictated to produce will land you squarely in the hot seat.

The effect of all these campaign finance laws (many were shot down by the court) you cheered for and got were to only silence you. What? you think the health care law was written by big pharma and insurance companies but the campaign laws were written by benovolent grandmothers? But people are easily fooled when the proposed law named the Save the Kittens and Whales Act of 2014 really turns out to be a federal law permitting agents of the state to go house to house checking on the welfare of your pets and funding the legal expensed of  JPM "rogue traders"

Wed, 01/15/2014 - 00:51 | Link to Comment gmrpeabody
gmrpeabody's picture

It ain't polite to cut and paste five pages of crap to make a single point.

Wed, 01/15/2014 - 01:07 | Link to Comment booboo
booboo's picture

well ms Vanderbilt obviously it does because retards still misunderstand the courts decision. You may want to stick to dining etiquette and stay out of fight club Jr.

Wed, 01/15/2014 - 02:49 | Link to Comment fonestar
fonestar's picture

It ain't polite to cut and paste five pages of crap to make a single point.

 

Why not?

Wed, 01/15/2014 - 06:14 | Link to Comment Ranger4564
Ranger4564's picture

Same fucking reason you believe in capitalism, effort of the author deserves to be properly attributed for any compensation, now or in the future. You have no right to someone else's work anymore than you have a right to their money. Even if you perceive that work to be in the open ether. It's posted on someone's site and you're obligated to link to that site, not copy paste from that site.

Anyway, this lapse in logic is why I know the believers in capitalism are merely self serving, not morally bound to some rigor of socio-engineering.

Thu, 01/16/2014 - 02:18 | Link to Comment TheReplacement
TheReplacement's picture

"Try again, The Court never said corporations "were people"

Justice Kennedy's majority opinion[29] found that the BCRA §203 prohibition of all independent expenditures by corporations and unions violated the First Amendment's protection of free speech. The majority wrote, "If the First Amendment has any force, it prohibits Congress from fining or jailing citizens, or associations of citizens, for simply engaging in political speech."[30]

Justice Kennedy's opinion for the majority also noted that because the First Amendment (and the Court) does not distinguish between media and other corporations, these restrictions would allow Congress to suppress political speech in newspapers, books, television, and blogs.[2] The Court overruled Austin, which had held that a state law that prohibited corporations from using treasury money to support or oppose candidates in elections did not violate the First and Fourteenth Amendments. The Court also overruled that portion of McConnell that upheld BCRA's restriction of corporate spending on "electioneering communications". The Court's ruling effectively freed corporations and unions to spend money both on "electioneering communications" and to directly advocate for the election or defeat of candidates (although not to contribute directly to candidates or political parties).

The majority argued that the First Amendment protects associations of individuals in addition to individual speakers, and further that the First Amendment does not allow prohibitions of speech based on the identity of the speaker. Corporations, as associations of individuals, therefore have speech rights under the First Amendment. Because spending money is essential to disseminating speech, as established in Buckley v. Valeo, limiting a corporation's ability to spend money is unconstitutional because it limits the ability of its members to associate effectively and to speak on political issues.

The majority overruled Austin because that decision allowed different restrictions on speech-related spending based on corporate identity. Additionally, the majority argued that Austin was based on an "equality" rationale – trying to equalize speech between different speakers – that the Court had previously rejected as illegitimate under the First Amendment in Buckley. The Michigan statute at issue in Austin had distinguished between corporate and union spending, prohibiting the former while allowing the latter. The Austin Court, over vigorous dissent by Justices Scalia, Kennedy, and Sandra Day O'Connor, had held that such distinctions were within the legislature's prerogative. In Citizens United v. Federal Election Commission, however, the majority argued that the First Amendment purposefully keeps the government from interfering in the "marketplace of ideas" and "rationing" speech, and it is not up to the legislatures or the courts to create a sense of "fairness" by restricting speech.[29]

The majority also criticized Austin's reasoning that the "distorting effect" of large corporate expenditures constituted a risk of corruption or the appearance of corruption. Rather, the majority argued that the government had no place in determining whether large expenditures distorted an audience's perceptions, and that the type of "corruption" that might justify government controls on spending for speech had to relate to some form of "quid pro quo" transaction: "There is no such thing as too much speech."[29] The public has a right to have access to all information and to determine the reliability and importance of the information. Additionally, the majority did not believe that reliable evidence substantiated the risk of corruption or the appearance of corruption, and so this rationale did not satisfy strict scrutiny.

The majority opinion relied heavily on the reasoning and principles of the landmark campaign finance case of Buckley and First National Bank of Boston v. Bellotti, in which the Court struck down a broad prohibition against independent expenditures by corporations in ballot initiatives and referenda.[29] Specifically, the majority echoed Bellotti's rejection of categories based on a corporation's purpose. The majority argued that to grant First Amendment protections to media corporations but not others presented a host of problems, and so all corporations should be equally protected from expenditure restrictions.

The Court found that BCRA §§201 and 311, provisions requiring disclosure of the funder, were valid as applied to the movie advertisements and to the movie itself.[29]

The problem with "free speech" is allowing the government to be the final arbitrator in defining what IS free speech and the hoops you must jump through to be an advocate of an issue or person under threat of penalty or imprisonment. Try starting a PAC for Ron Paul or any cause that threatens the power structure and prepare for an anal probe, one uncrossed "T" or one undotted "i" in the reams of forms you are dictated to produce will land you squarely in the hot seat.

The effect of all these campaign finance laws (many were shot down by the court) you cheered for and got were to only silence you. What? you think the health care law was written by big pharma and insurance companies but the campaign laws were written by benovolent grandmothers? But people are easily fooled when the proposed law named the Save the Kittens and Whales Act of 2014 really turns out to be a federal law permitting agents of the state to go house to house checking on the welfare of your pets and funding the legal expensed of  JPM "rogue traders"

Because.

Tue, 01/14/2014 - 23:20 | Link to Comment Normalcy Bias
Normalcy Bias's picture

Perhaps update is in order. AmeriKa now spread love of democracy and freedom one Hellfire at a time. Kill one 'terrorist,' and create 50 more at same time. Good for business.

Thu, 01/16/2014 - 02:15 | Link to Comment TheReplacement
TheReplacement's picture

Democracy is bad.  Representative Democracy is bad.  Despite that, it is better than any other form of government ever devised.  Human nature is a high hurdle to get over for all of the forms of government, including no government (literally an impossible concept - who would enforce that?).

It was great for a while.  Then it got kind of bad for a while but the Nazis, Japanese, and then the commies were worse.  Now they all have fallen away and we are wobbling like a bent wheel rolling down an empty street.  You just can't miss it now.

It could be better.  It could be worse.  It'll probably go through both phases over time.  Clearly, worse is next.

At least we aren't French.  Which is nice.

Wed, 01/15/2014 - 01:30 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

KHANNNNNN!!!!!!!

Wed, 01/15/2014 - 01:42 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

"From hell's heart, I stab at thee. For hate's sake, I spit my last breath at thee."

Wed, 01/15/2014 - 03:00 | Link to Comment newbie vampire
newbie vampire's picture

Hey Knukles, how do I vote you for POTUS ?  And is Janet gonna send me my own printing press or do I have to wait in line like all the other peons.

Tue, 01/14/2014 - 21:35 | Link to Comment MeMadMax
MeMadMax's picture

We already have evidence that a very large chunk of the accounts on FB/Twitter are either fake or inactive or whatever...

It's a fad is right.

Wed, 01/15/2014 - 03:03 | Link to Comment fonestar
fonestar's picture

Fad's come and go, eventually the kids will grow out of it.

Wed, 01/15/2014 - 03:18 | Link to Comment akak
akak's picture

Does that mean that your bitcoin-'mining'-gizmoes are going to be stashed away in an old cardboard box in your basement next year, never to be fondled again?

Wed, 01/15/2014 - 07:00 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Fad's come and go, eventually the kids will grow out of it.

 

So how many bitcoins will you give me for my Beanie Babies?

Wed, 01/15/2014 - 08:59 | Link to Comment superflex
superflex's picture

Beanie Babies were so 1990's

The pendulum has swung back and Cabbage Patch Kids are the new currency.  

It's like the new reality show, Keeping up with the Satoshi's.

Pure BS for an ignorant and gullible populace.

Wed, 01/15/2014 - 10:27 | Link to Comment TeamDepends
TeamDepends's picture

You heard it here:  Bell-bottoms are back!

Tue, 01/14/2014 - 23:22 | Link to Comment roadlust
roadlust's picture

Still trying to figure out what Faber actually does (besides manage his hair in Thailand, and pontifcate, half asleep, on a webcam at CNBC). 

When he says "buy" and something actually goes up, within a year or so, wake me up.

Wed, 01/15/2014 - 01:04 | Link to Comment ReactionToClose...
ReactionToClosedMinds's picture

many identify Faber as a catalyst (or one of them) when he said equity markets had severely oversold at end of February 2009

yup ....go look it up.

Faber has saved me, & made me, a lot of money over the decades>>>

 

Wed, 01/15/2014 - 07:03 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Still trying to figure out what Faber actually does

 

The dude abides.....

http://www.youtube.com/watch?v=sYsw0KVRjCM

Wed, 01/15/2014 - 06:30 | Link to Comment Snoopy the Economist
Snoopy the Economist's picture

He makes tons of wealth yearly and has sex with whomever he wants. What else could ya want?

Wed, 01/15/2014 - 14:41 | Link to Comment aminorex
aminorex's picture

It does seem remarkable to me that someone would be tapped to comment on financial matters when he claims to be incompetent to value Netflix, Tesla, or Bitcoin.  That does not scream competence to me.  Perhaps he has skills in a more limited domain, but it does not seem to be modern finance.

Wed, 01/15/2014 - 00:30 | Link to Comment CarrierWave
CarrierWave's picture

Talking heads, like Mr. Faber and others cannot derail this uptrend and will just keep talking for the remainder of 2014 while the market keeps trending up.

 

Wed, 01/15/2014 - 02:52 | Link to Comment fonestar
fonestar's picture

Well the only market that counts (Bitcoin) is going to continue trending up.

 

Disclosure: I am long Bitcoin.

Wed, 01/15/2014 - 04:35 | Link to Comment fockewulf190
fockewulf190's picture

You know, I really wish that the stock market was truly a fair place where I could invest and be confident.  But it isn´t.  Not by a long shot.  Ongoing corruptions, manipulations, "flash crashes", lack of enforcement, "too big to jail", currency debasement, POMO interferance, banks with derivatives bets totalling over a quadrillion dollars, and financial companies that trade in the green 100% of the time...it´s all a big joke and a half.  I´ll be sticking with phyzz till this bitch flys apart at the seams.  Perhaps when the next trading system is formed out of the huge pile of ashes from the last one, and future manipulators are publicly drawn and quartered, will I think about cashing in some of my remaining phyzz for some shares.

Wed, 01/15/2014 - 01:25 | Link to Comment Keyser-Soze
Keyser-Soze's picture

Mr. Faber, you are always a breath of fresh air. Kudos to you, sir

Tue, 01/14/2014 - 21:12 | Link to Comment The Gooch
The Gooch's picture


On his view of overvalued stocks, including Facebook:

"I think it is to a large extent a fad. People they go on Facebook - what they do is they put pictures on and the only people that watch these pictures are themselves. They all want to be stars. It is a very distractive kind of occupation. I can't imagine that this would have a lot of value. I would rather own - I don't own it because I think it is very highly priced - I would rather own a company like Alibaba or Amazon or Google, than Facebook, personally. This is my view. Other people have different views. That's what makes the market. Some people are buying it and some people are selling it.”

 

If you're still on that shit, don't be.

 

Tue, 01/14/2014 - 21:35 | Link to Comment tawse57
tawse57's picture

I thought some married people were only on FB so that they could meet other people for affairs? Is this not the case?

 

Tue, 01/14/2014 - 21:55 | Link to Comment The Gooch
The Gooch's picture

No. That's MySpace.

Or Christian Mingle©.  -----> see ad on right. ------->

 

 

Wed, 01/15/2014 - 00:25 | Link to Comment nje
nje's picture

https://www.ashleymadison.com/ is the site for cheaters. used to be really good with nearly an active member ratio of 2male:1female. though now its a sausage fest. if your single and want to increase your chances, make sure you pretend your in a relationship (your mate wants your secret for theirs).

Tue, 01/14/2014 - 21:37 | Link to Comment XenoFrog
XenoFrog's picture

Facebook is already uncool amongst young people. Its days are numbered.

Tue, 01/14/2014 - 21:51 | Link to Comment akak
akak's picture

I bet they just can't wait for the RFID chip in the forehead and the Borg implant that will grant them instant and around-the-clock internet access inside their heads --- all while being trackable at every moment, and probably allowing the NSA to read their thoughts, too. 

Fucking trendsucking, liberty and privacy-surrendering sheep, every one.

Tue, 01/14/2014 - 22:22 | Link to Comment Dr. Engali
Dr. Engali's picture

Isn't that what the iPhone is for?

Tue, 01/14/2014 - 22:48 | Link to Comment Bunga Bunga
Bunga Bunga's picture

And the Nest for the elderly?

Wed, 01/15/2014 - 00:02 | Link to Comment Simplifiedfrisbee
Simplifiedfrisbee's picture

For the youth. Google just acquired Nest for 3.2 billion because of patents and, yes you guessed it, information. The youth are going to love their digital smoke alarms and their smart thermometers. After all, who needs privacy? That is for gramps and weird people like him.

Tue, 01/14/2014 - 22:35 | Link to Comment Keyser
Keyser's picture

Screw that, might as well move to the next step, just plug the sheeple into the matrix and shove a blue pill down their throats. At least we can get 1.5 volts out of them. 

 

Wed, 01/15/2014 - 00:26 | Link to Comment fnord88
fnord88's picture

"Fucking trendsucking, liberty and privacy-surrendering sheep, every one."

 

lol

 

except it wasn't the young people that sold the USA down the river for 30 pieces of silver. That would be all you old cunts that voted for the last 15 presidents, supported all the wars, begged for more handouts and believed the shit the msn fed you. America is where she is because of apathetic baby boomers with no fucking brains or integrity. Look at any poll re NSA: the older you are, the more you support and trust the government.

Wed, 01/15/2014 - 00:31 | Link to Comment satoshi101
satoshi101's picture

Yep, if it weren't for the NSA them terrorists would be stealing my social security checks.

***

ENough said, over 60% of the US public are on the DOLE, ... nothing else needs to be said of ameriKKKa.

 

Wed, 01/15/2014 - 00:29 | Link to Comment satoshi101
satoshi101's picture

Every single company from google, tero cisco, to RSA, to facebook has CIA/NSA venture first round financing.

To think that 'social networking' and its Value to the SPY machine will go away,

Given that NSA/CIA owns all companys that are over 100 million USD in gross sales, it doesn't matter if FB goes or is replaced by another, but the actual industry should still be good, given that nobody else has  a job outside of 'spying'.

The only problem is the 'world' rejecting US spying, but given  universal acceptance, ... GOOGLE must only sell itself as your 'spy friend'.

Yes FB not cool, but staying cool with kid's is a 5+ year venture at best, somebody out there is COOL, and you can be sure they were first-round funded by the NSA.

 

Tue, 01/14/2014 - 23:58 | Link to Comment zerozulu
zerozulu's picture

Just like +2 is as powerful as -2 ( both cancel each other, net result is zero) Facebook is as powerful as Add block plus.

Tue, 01/14/2014 - 21:13 | Link to Comment sunnyside
sunnyside's picture

Sorry tried, but I can't watch Trish for ten minutes without fapping.

Tue, 01/14/2014 - 21:37 | Link to Comment Mr Pink
Mr Pink's picture

I have to agree with the old guy with the ponytai, but I would trade all my silver for Facebook stock for one night with the girl with the nice tan

Tue, 01/14/2014 - 23:26 | Link to Comment kliguy38
kliguy38's picture

spray tan and she would put you to sleep in bed while she told you to keep your slimey hands off her makeup and hair.......

Wed, 01/15/2014 - 00:19 | Link to Comment object_orient
object_orient's picture

I don't watch tv and these people aren't familiar to me. Is Trish Regan a hooker?

Wed, 01/15/2014 - 00:20 | Link to Comment FieldingMellish
FieldingMellish's picture

Yes... like all the hosts on financial TV. Dimon is the John and the Fed is the Pimp, complete with purple felt hat with chicken feather.

Tue, 01/14/2014 - 21:15 | Link to Comment DOGGONE
DOGGONE's picture

Asset overpricings are very clearly seen here
http://www.showrealhist.com/RD_RJShomes_PSav.html

Tue, 01/14/2014 - 21:19 | Link to Comment gwar5
gwar5's picture

No serious person believes the bullshit economy. China is hoarding gold and developing their own domestic consumer economy so they can tell the US and EU to fuck off. The Saudi's want out of the petro-dollar, too.

 

 

 

Tue, 01/14/2014 - 22:40 | Link to Comment Keyser
Keyser's picture

The question is just how long they can keep the charade going. I look at Japan and think, feck, they can keep this bitch on life support for years. 

Tue, 01/14/2014 - 22:55 | Link to Comment Calmyourself
Calmyourself's picture

Years try decades.. Japan lacks carrier battlegroups, B2 stealth, DHS with 1.2 billion hollowpoints, bullet proof checkpoint buildings, Mraps etc..

Wed, 01/15/2014 - 00:19 | Link to Comment FieldingMellish
FieldingMellish's picture

Correct. We could all die of old age before the grandchildren of today's bankers finally stop squeezing the public.

Wed, 01/15/2014 - 00:24 | Link to Comment satoshi101
satoshi101's picture

THANK YOU

Also add the SAUDI don't mean shit cuz in 10+ years most of their OIL will be gone, ...

Nobody on earth wants to be reserve-currency, as long as USD has power, then the world doesn't fucking care what reserve currency to use.

The KING USD will be KING for a long fucking time, cuz the USA has invested in 100 million murders to date (since 1914), given nobody coming forward to 'best' USA genocide, its going to be same-same forever.

 

My advice is all the doom/gloom bitches on ZH find a new career, cuz this will get boring.

 

Wed, 01/15/2014 - 01:06 | Link to Comment kliguy38
kliguy38's picture

OF COURSE!!! There is nothing you can do other than roll over and pull your pants down while they give you it sunny side up like the good slave you should be. Relax.......after awhile it all gets easier to take........don't fight it......

Wed, 01/15/2014 - 03:27 | Link to Comment satoshi101
satoshi101's picture

You can ..

1.) join them ( become a cop, fuck your neighbor family, ... go full retard nazi )

2.) run away ( preferrable in my mind, find paradise on earth )

3.) wait until they send you to camp-fema, this is the least preferable,

IMHO given that over 60% of US population get a check from the FED(US TREAS), that the MAJORITY have "GONE COP".

Wed, 01/15/2014 - 16:16 | Link to Comment LooseLee
LooseLee's picture

Sounds more like a PINKO COMMIE than an 'Elightened One'...

Wed, 01/15/2014 - 00:35 | Link to Comment satoshi101
satoshi101's picture

Asian's are just doing what they have always done, buy gold.

This shit is not new, what's news is that the west is just learning that Asian's love gold.

Fuck, it just shows the west is clueless.

***

The USA consumer is fucked cuz he's broke, the factorys are now in asia, so that they're close to the customer,

None of this has any thing to do with USA hairlips.

The majority of Asians live in concrete houses, with no toys and  no auto's and no 'shit', the USA consumer is full to the gill with SHIT.

The ASIAN consumer is craving shit that hairlips have had for 40 years, ... eventually ... factorys will come back to the USA...

All shit is cyclic.

Wed, 01/15/2014 - 16:13 | Link to Comment LooseLee
LooseLee's picture

And only PINKO COMMIE Bulltards are buying over-priced 'stawks'....

Tue, 01/14/2014 - 21:17 | Link to Comment disabledvet
disabledvet's picture

again...what we KNOW is that assets prices in the materials space have been irrational for some time (North Dakota "Texas Tea" much cheaper than worthless sour "Brent Crude", platinum and palladium prices simply failing to follow golds "charge of the white (metal's) brigade) etc)...and now we KNOW these prices have collapsed without ANY rally in the mining space "going on 5 years now." at the same time "Tesla has gone to the moon"...the only question being..."have they LITERALLY gone to the moon." there is DEBRIS on the moon...well, WHAT IS IT? "IT DIDN'T COME FROM THE MOON" THAT'S FER SURE!

Tue, 01/14/2014 - 21:24 | Link to Comment Mr Pink
Mr Pink's picture

Any day now for the last 5 years...

Tue, 01/14/2014 - 21:26 | Link to Comment Skateboarder
Skateboarder's picture

Was going to post this exact thought. Any day now, as soon as the banksters decide to stop pillaging and play nice. Yeah right...

Tue, 01/14/2014 - 21:39 | Link to Comment Ranger_Will
Ranger_Will's picture

Intolerable ain't it? I think that the TPTB just enjoy watching the "in the know" crowd stew and get pissed everyday while they secrectly invite their buddies to the biggest most secret party ever. And none of us are getting any invitations.

Fuckers.

Tue, 01/14/2014 - 21:46 | Link to Comment 10mm
10mm's picture

Slow Erosion, and then WHAM O. Like lighting, came out of nowhere and sudden.

Tue, 01/14/2014 - 22:09 | Link to Comment OwnSilverPlayMusic
OwnSilverPlayMusic's picture

Never underestimate, as Gerald Celente calls it, "the schemes undreamed of".  The bubble won't bust today, or tomorrow, but the longer this game plays out, the worse it will be.  The next time won't be a 2007-8 redux, it will most likely involve a world shattering event.  ex. The USD no longer being the world's reserve currency, nuclear war, OPEC turning to a gold-backed yuan...something along those lines...again it's very likely to be something no one has even thought of yet.

Wed, 01/15/2014 - 00:21 | Link to Comment satoshi101
satoshi101's picture

nuclear war?

NO

USD reserve currency, forever because nobody wants it, but YELLEN/HILLARY will slowly wean you to IMF/SDR's.

US-MIL rules the world, USA civilian politicians are 100% cheap theatre,

Funny that the post on ZH, never talk about the US-MIL generals that rule this country.

 

Wed, 01/15/2014 - 04:43 | Link to Comment disabledvet
disabledvet's picture

Tesla is up 15% in one day...yesterday. "It ain't because they sold an extra 500 cars" folks. Bond yields are about to plunge at the ten year to WELL below 2 percent...probably very quickly on their way to below one percent actually. Thought two space launches was "two two many" last week? Here's your third: http://news.cnet.com/8301-11386_3-57617198-76/virgin-galactic-again-notc... http://blogs.seattletimes.com/today/2013/12/the-journal-of-the-san-juan-...

Tue, 01/14/2014 - 21:25 | Link to Comment AngelEyes00
AngelEyes00's picture

My opinion is there is still plenty of QE to hold this bull up at least in the realm it has achieved.  However, as QE tapers 10b a month (whch is my understanding) it will in all likelihood reach a threshold monthly outaly of 35-45b and the bottom will fall out of stocks.  Once that happens knock on effects like 10yr yield going to 3.5-4 with mortgage rates to 6% and the rich getting richer party will be over. 

 

Tue, 01/14/2014 - 21:29 | Link to Comment Atomizer
Atomizer's picture

Happen to agree with Marc on gold. However, we are still aways from bubble burst. Too many plates spinning in the air. Once the first plate hits ground, the direction will be understood. 

Tue, 01/14/2014 - 23:28 | Link to Comment rum_runner
rum_runner's picture

We read this time and again here.  The bubble will burst soon/soonish/sometime and then all shit will hit the fan.  What's missing is the mechanics.  Yes big debt abounds and all of that but what is the proverbial shit that hits the fan?  Even interest rates going up would act as a slow choke on the economy and it presupposes that the Fed won't take action to repress for another couple years.  Yes the monetization is getting going but how does this not have a chance at lasting another ten years?

Give me a narrative that doesn't -- as one ZH posted here -- include a post-apocalyptic future where criminal gangs punch holes in your home to send in teams of dogs (theorizing you won't have enough bullets) that can sniff... gold. 

Let's talk metrics here, people.  A little less with the reach-around, as mutually rewarding as the arrangement might seem.

Wed, 01/15/2014 - 00:22 | Link to Comment object_orient
object_orient's picture

Fat chance. If you knew the answers, you wouldn't come here anymore.

Wed, 01/15/2014 - 03:24 | Link to Comment satoshi101
satoshi101's picture

I do know the answers, they all came to me one day, not long ago, ... go ahead ask any question, and I will answer. This comes from long meditation and staying in the mountains for a long time and not talking.

Once you strip your life of everything, and have nothing, then everything is clear, just like the allegory of the five blind men and the elephant, all were partially right, but all completely wrong.

In order to SEE the REAL USA, you must go into the wilderness and live in complete poverty, then you can see everything as it really is.

**

I don't come here often, and I certainly don't come here for answers.

It always 24/7 here /sarc,/snide,/stupid,
It's fucking boring.

There is a fat chance, that some interesting topic can come up and I have nothing left to lose, ... so I'll toss in my two cents.

But I have never seen an ANSWER on ZH, I have already noted that ZH is wrong 100% of the time on all issues. The Tyler's in general aren't even on the right side of the debate, I would call ZH Nihilism at its finest.

Basically the result of 1,000's of un-employed automated stock market jockeys, guys that never had a nickel and bitter to the bone, and then toss in the nerd-kids with their BTC dreams.

Wed, 01/15/2014 - 00:53 | Link to Comment Squid-puppets a...
Squid-puppets a-go-go's picture

this is absolutely spot on. 

so long as the plunge protection team bullshit continues on, we may never see a collapse, but what we are already living through is the juggernaught slowly grinding to a halt - over 2 decades if necessary

so long as we have mark to fantasy accounting, the Fed could stop QE tomorrow but give a nod to the merchant banks to fractionally reserve their asses to the moon in leui of the Feds QE

they have many options to maintain the thickness of the smoke, we on the ground need to deal with the reality on the ground. make networks of people who barter food and services outside the system.

Dont wait for 'the collapse' to go partying with your suddenly more valuable gold

Wed, 01/15/2014 - 03:18 | Link to Comment satoshi101
satoshi101's picture

I used to GOOGLE "DOLLAR COLLAPSE" daily, two years ago I quit, ... one day it suddenly occurred to me that NOBODY on earth wants 'reserve currency status', the USA is the last-man standing.

The END of HISTORY is Here.

Talk of USD collapse is complete waste of fucking time.

A better model, is counting the number on food-stamps or in prison.

***

The SHIT will NEVER hit the Fan, ... never has before never will in the future, ... its just like "PTB", ... its always somebody else, everybody has their own bogeyman.

The USA is running today, exactly how HAMILTON predicted, by "INTEREST", and given that US-MIL and WALL Street are fat&happy with "FED TO THE MOON",.... it will go on forever.

Tue, 01/14/2014 - 21:31 | Link to Comment frankTHE COIN
frankTHE COIN's picture

Jim Rodgers was the biggest vocal person Warning about the Market and the Economy in 1987 & 1999. Mr Faber is taking the lead this time and is trying hs best to let everyone know what's coming.

Tue, 01/14/2014 - 21:34 | Link to Comment kito
kito's picture

faber has diarrhea of the mouth. for shits sake man, can we limit the faber coverage on here already??????

Tue, 01/14/2014 - 21:42 | Link to Comment Charles Nelson ...
Charles Nelson Reilly's picture

Going with the bag over the head now, huh kito?

I would suggest not listening if you don't want to hear Faber.... Haven't you ever dated an annoying woman?

Tue, 01/14/2014 - 21:54 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

Im starting to question these guys that are constantly on cnbs/bloomberg (MSM)......and then magically show up on the ZH

 

How about some J Willie

http://usawatchdog.com/u-s-bled-to-death-by-china-and-harvested-for-its-...

 

Tue, 01/14/2014 - 22:36 | Link to Comment Yardfarmer
Yardfarmer's picture

yes, for chrissakes! bring Jim Willie on Bloomberg! oh wait, he had to leave the country and seek refuge in Costa Rica because of death threats. expatriatism, the new frontier.

Tue, 01/14/2014 - 23:42 | Link to Comment Keyser
Keyser's picture

I can think of worse places to wind up than CR. The hardest part is getting used to Tica Time. 

Tue, 01/14/2014 - 22:47 | Link to Comment fijisailor
fijisailor's picture

Jim Willie makes some excellent points.

Tue, 01/14/2014 - 23:19 | Link to Comment Mr Pink
Mr Pink's picture

Jim Willie does sound like he knows what he is talking about. He also claims to have several insiders he gets info from. 

Similar to Lindsey Williams in that their predictions never come true

Tue, 01/14/2014 - 23:44 | Link to Comment Keyser
Keyser's picture

Yeah, but it's different this time. /sarc

Tue, 01/14/2014 - 22:07 | Link to Comment realWhiteNight123129
realWhiteNight123129's picture

The real diarrhea is the dollar diarrhea coming out from the Fed. There is a lot of that "liquidity" which the world could work perfectly well without.

Tue, 01/14/2014 - 21:31 | Link to Comment thewayitis
thewayitis's picture

 

 Anyone else not able to see this video?  I think the bastards took it away......

 

 

Tue, 01/14/2014 - 22:44 | Link to Comment klockwerks
klockwerks's picture

Yes, that's twice tonight I was unable to follow thru on a ZH article, no video here and the Monetary Medals article about the bid/ask on silver.

Tue, 01/14/2014 - 22:55 | Link to Comment quasimodo
quasimodo's picture

Worked fine for me, and DAYUM is she hot......I wanna make that slit in her dress just a teeny bit wider.

Wed, 01/15/2014 - 00:50 | Link to Comment Straw Dog
Straw Dog's picture

This video wouldn't run for me on either Firefox or IE, even after downloading and installing a supposed fix. Does work with my copy of Google Chrome Version 32.0.1700.72 m

Wed, 01/15/2014 - 07:25 | Link to Comment topshelfstuff
topshelfstuff's picture

try youtube

Jim Willie-This Year-Currency Explosion

http://www.youtube.com/watch?v=jbhxPRamhHQ

Tue, 01/14/2014 - 21:36 | Link to Comment icanhasbailout
icanhasbailout's picture

FWIW, the bubble singularity chart says TSHTF between Friday and Tuesday.

Tue, 01/14/2014 - 21:37 | Link to Comment algol_dog
algol_dog's picture

More dribble ... 

Tue, 01/14/2014 - 21:51 | Link to Comment akak
akak's picture

More drivel, too ...

Wed, 01/15/2014 - 00:26 | Link to Comment Dr. Engali
Dr. Engali's picture

Moar shizzle my dizzle bo bizzle.

Tue, 01/14/2014 - 21:42 | Link to Comment FieldingMellish
FieldingMellish's picture

Never going to happen. Gold now heading under $1240. Today everyone was shown what THEY are capable of. They toy with prices. If they want to, they could make gold go down to double digits.

Tue, 01/14/2014 - 22:25 | Link to Comment satoshi101
satoshi101's picture

GOLD will keep going down, because we're in a depression, that will only get worse.

But GOLD will not go below $800,

On the other hand BTC will go to zero.

On the UPSIDE GOLD COULD go  to $50k or higher, but not likely to go over $1600.

BTC can go UP because the exchanges ( 6 men ) conspire to set the price, but that doesn't mean you can get out USD's it just mean what the Exchange wants you to pay.

GOLD can be sold anywhere in the world for CASH, in the BTC world, its MONEY in and bullshit out.

 

Tue, 01/14/2014 - 22:40 | Link to Comment Yardfarmer
Yardfarmer's picture

GOLD will...GOLD will not...GOLD COULD ...GOLD can...yada yada yada....

Wed, 01/15/2014 - 00:17 | Link to Comment satoshi101
satoshi101's picture

What does FABER / ROGERS say? Shit this exact post was here 2 weeks ago, it seems  the TYLERS know that BTC generates comments and comments means more clicks, and clicks means nickels.

***

Rogers & Faber have said "It will go down before up", the question is how far down and how far up, and I have said, and even faber/rogers don't have the balls to say how far up or down.

 

Tue, 01/14/2014 - 21:44 | Link to Comment chump666
chump666's picture

The Fed is losing control now, just check the rate volatility, So Faber is right.  Any-day.

Tue, 01/14/2014 - 22:11 | Link to Comment realWhiteNight123129
realWhiteNight123129's picture

not yet chump666, wait for the slow down in economy because of taper will prompt a knee jerk rally in TSY (the last one)

Then you can short the TSY, and really double down when the Fed decides to come back to print because then the market will finally come up to its senses and say "WTF?", at that point TSYs in the funk and USD in the funk, and Gold and Silver off the races...

Game over.

Currency reform.

Tue, 01/14/2014 - 22:28 | Link to Comment chump666
chump666's picture

It's starting, some insane volatility going on with the 1month going negative rates + fear of adequate collateral etc.  I wouldn't short anything (stocks) on the rule of thumb 2% neg (futures) across the board and at least 10%+ on USD strength.    Gold/silver bid on bubble burst and/or war.

Tue, 01/14/2014 - 21:44 | Link to Comment Prairie Dog
Prairie Dog's picture

You can hear more articulate and intelligent rants from angry, bitter old men at the bar any night of the week.

Tue, 01/14/2014 - 22:11 | Link to Comment BeanusCountus
BeanusCountus's picture

Doesnt mean they are wrong. Look, pretty simple really. You either believe that pricing of risk would be better served without intervention by the central banks or you dont. I am in that camp. And absent intervention, its tough to believe any of this isnt artificial that would lead to equilibrium returning at some point. When? Hard to say. But whenever it happens and whatever the results, welcome day in my book.

Wed, 01/15/2014 - 01:01 | Link to Comment ReactionToClose...
ReactionToClosedMinds's picture

and your point is?

Faber has been around a long time ..... many dscounted hm over the years to their own peril.

tell me what your portfolio is so I can lean the other way!

Tue, 01/14/2014 - 21:46 | Link to Comment mobius8curve
mobius8curve's picture

It"s all about debt:

http://dailybail.com/home/the-essence-of-banking.html

Proverbs 22:7  The rich ruleth over the poor; And the borrower is servant to the lender.

 

Tue, 01/14/2014 - 22:42 | Link to Comment Yardfarmer
Yardfarmer's picture

...and all our illusions demand their legitimate compensation in death.

Tue, 01/14/2014 - 21:47 | Link to Comment rosiescenario
rosiescenario's picture

"The larger the government becomes, the less economic growth you have and the more crony capitalism and corruptions you have. Because big corporations -- and especially the money printers, they're the most powerful people in the world, they control the governments. The U.S. Treasury, the Federal Reserve, and the government is one and the same. The Fed, they finance the Treasury, so the government can go to war in Iraq and Afghanistan. Then they finance transfer payments to essentially buy votes so you can get elected."

 

When the squids mate, the 99.5% get screwed.

Tue, 01/14/2014 - 21:51 | Link to Comment drinkin koolaid
drinkin koolaid's picture

Who cares if the market is stretched, I just want to stretch Trish's legs in front of me.

Tue, 01/14/2014 - 21:53 | Link to Comment Semi-employed W...
Semi-employed White Guy's picture

Faber doesn't do coherent speech well.

Wed, 01/15/2014 - 00:59 | Link to Comment Straw Dog
Straw Dog's picture

Faber's first language is German, business is based in Hong Kong, probably speaks Mandarin. Lives in Thailand, probably speaks Thai, and you complain about his English. Maybe he is not the most fleunt English speaker but his offerings are well thought out and a picture of clarity in mixed up financial world.

Wed, 01/15/2014 - 01:27 | Link to Comment satoshi101
satoshi101's picture

IN Hong Kong the NATIVES speak Cantonese.

Faber's wife ran a Thai Restaurant in HK,

It's not clear that Faber speaks anything other than German and English, in HK english is the language, as HK is'was a BRITISH COLONY.

**

In Beijing they speak Mandarin, every area in China has its own local language(dialect), 'Mandarin' is the official language of the government in 'mainland china', HK is not part of main-land china. HK is a 'funny zone', the British left 10+ years ago.

**

It's NOT clear that FABER is rich, its clear that his wife bought lot's of land around chiang-mai long ago with Faber's money, but that land isn't his.

Which is why FABER sells newsletters for $1000/year on ZH.

 

 

 

Wed, 01/15/2014 - 07:31 | Link to Comment SwissCake
SwissCake's picture

Faber speaks perfect French.

http://www.youtube.com/watch?v=ub932UzGUW4&desktop_uri=%2Fwatch%3Fv%3Dub932UzGUW4&app=desktop

EDIT: Btw he goes as far as predicting WWIII on that one, something you don't hear him do in the US shows.

Wed, 01/15/2014 - 08:23 | Link to Comment satoshi101
satoshi101's picture

How much does Faber charge the French for his 'precious' newsletter, my precious?

Wed, 01/15/2014 - 15:56 | Link to Comment SwissCake
SwissCake's picture

Public Swiss TV.

Tue, 01/14/2014 - 21:54 | Link to Comment chump666
chump666's picture

That was one of the most kick-ass interviews with Faber yet, I mean a Swiss guy living in Thailand telling Americans how f*cked and crony the country is, with a slight history lesson about when America was great in the 1900s i.e government was small.

Touche mfs

 

Tue, 01/14/2014 - 21:55 | Link to Comment rsnoble
rsnoble's picture

A month ago Faber said US stocks could decline as much as 20%.  So all of this is really a non-issue. LOL.

Tue, 01/14/2014 - 21:59 | Link to Comment webbie
webbie's picture

I am always suprised they let "realness" like this on TV....love it!

Tue, 01/14/2014 - 21:59 | Link to Comment q99x2
q99x2's picture

His only complaint against Bitcoin was because it is not being used enough to value it.

And then he changed the subject.

I liked what he said about ZIRP and money printing. You can stay in bed, not put make-up on and go out and drink in the evening but that won't work.

After 18 years of not working I would say that it can work until the banksters system collapses. We don't need them anyhow and when it collapses people around the world can arrest the banking families and oligarchs and put them into prisons for the rest of their lives while we replace the monetary systems with localized crypto-currency exchanges and replace the governments with open source software.

 

Wed, 01/15/2014 - 00:29 | Link to Comment object_orient
object_orient's picture

2014 is the year of government-replacing Linux on the desktop.

Tue, 01/14/2014 - 22:07 | Link to Comment Roark12
Roark12's picture

Bald on Top - POny Tail in the Back - Looks Faber-lous

Tue, 01/14/2014 - 22:04 | Link to Comment Exponere Mendaces
Exponere Mendaces's picture

Not surprised by Faber's Bitcoin comments. For the one confused person who doesnt, there are 100 that do, because the world changes, and sometimes people just don't - or won't - keep up with what is going on, so things pass them by.

But what does he have to care about, really, other than his host nation's government pissing off a major power, or getting caught in a bad situation with a local girl/boy that pisses off the natives or local law enforcement.

Just another person yelling out the window "Its all DooooooooooM" without putting on an expiration date. How convenient for him, and his many television appearances. I wonder if he really wants it all to end anyway.

Tue, 01/14/2014 - 22:12 | Link to Comment realWhiteNight123129
realWhiteNight123129's picture

Bitcoin is not a bad concept at all, but it does not have a few thousand years of track record. That´s all.

Tue, 01/14/2014 - 22:24 | Link to Comment RideTheWalrus
RideTheWalrus's picture

He's probably just confused by who created Bitcoin.

 

 

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