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Mark Faber: The Old World Order Is Over

Tyler Durden's picture




 

Via Callum Denness of Money Morning blog,

In the gilded ballroom of Hyatt’s Savoy ballroom, World War D‘s opening speaker Dr Mark Faber delivered a blunt message: the old world order is over.

The US reached a peak in prosperity and influence in the world in the 1950s or 1960s,’ said Faber. But since the 70s the superpower has been locked into a cycle of bubbles, busts and growing debt.

Debt, and the way it has manipulated the global economy, was the main theme of Faber’s address.

There are some people who claim to be economists who will tell you debts do not matter,’ Faber told the packed ballroom.

But the real story is different….

Faber explained the flaw at the heart of expansionary monetary policy (such as QE). ‘When you drop dollar bills into the economy…it won’t lift all prices and assets equally at the same time,’ he said. In the 60s and 70s, extra money flowing through the economy inflated wages; in the early 2000s, money printing inflated commodities. But, Faber points out, this price and asset growth is never equal.

In other words, money printing creates more bubbles. Some assets go up, they overshoot, collapse and cause significant damage which necessitates, in the view of the US Federal Reserve, more money printing. It is a vicious cycle we’ve seen since the 70s: each time there was an economic problem, the Fed printed money and created more distortions.

Bernanke’s tenure saw this trend continue, and when it came to assessing the former Fed chairman, Faber didn’t mince his words.

 ’He’s been a disaster,‘ Faber said drily. Faber pointed out that not only did Bernanke not notice the subprime disaster, he actually helped create it. ‘Under his tenure at the Federal Reserve and under his intellectual influence when working for Mr Greenspan they created the gigantic housing bubble,‘ he said.

At the heart of this expansion in debt, and cycle of bubbles and busts is the reliance of the US economy on consumption. For the last century, policy makers have encouraged consumption on all levels of society including government, and discouraged savings.

But according to Faber, consumption doesn’t create a strong economy. ‘Wealth doesn’t come from consumerism, it comes from capital spending,‘ he said.

And the problem for the US economy is that while debt has continued to rise, capital investment hasn’t. In fact, it’s been falling sharply for a long time.

If we have growing debts, there’s a difference in quality of those debts, he said.  Japan, South Korea and Taiwan used their debts to invest in factories, plants…investments that generated wealth. According to Faber however, the US has just acquired debt to fuel consumption. ‘Where’s the future income?‘ he asked.

Faber used this as an opportunity to strike a note of caution for Australia, warning the room that one day Australia’s indebted housing sector won’t be able to borrow much more. It will then enter a period of contraction or very slow growth.

That was his warning to Australia: then came the opportunity.

We live in a new word. We live in a world where the balance of power has shifted to emerging countries,’ said Faber.

He was of course, talking about China. While China’s growth story is well known, Faber gave the audience an important geopolitical sub story.

China’s massive growth triggered massive commodity export booms in emerging economies. China’s real success was exporting the products it produced back to emerging economies. This has created a significant shift in the global economy: exports from China to emerging countries are higher than exports to the US or Europe.

‘This is the new world, where the old world is largely bypassed,’ said Faber.  While most of the media debates whether the US will grow, Faber argues it will have no impact on the world, as China has a much greater influence now than the US.

Faber is no bull on China however, and warned he would be very careful about investing there. Faber sees conditions at the present time as much worse than many people realise. There are also geopolitical concerns that are often left unexamined.

Take oil. Oil consumption in China – most of which comes from the Middle East – will rise.The Middle East in my opinion will go up in flames at some point, that will be an unpleasant event, predicted Faber in his typically apocalyptic but still understated way.

For Australia, he sees opportunities in the huge numbers of Chinese tourists travelling abroad, but he believes Australia has made a huge mistake by tolerating US bases on its continent. China will not sit by and let themselves be bossed around by the US,‘ he said.

His final message reiterated the failure of the US Federal Reserve. Corporate profits had been boosted by artificially low interest rates; wealth inequality is on the rise; and to compound it all, he says the Fed won’t raise interest rates anytime soon.

Punctuated by flashes of humour and dire warnings, it was a sober message that the attentive audience lapped up.

 

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Mon, 03/31/2014 - 14:43 | 4611449 Pooper Popper
Pooper Popper's picture

“In the beginning of a change the patriot is a scarce man, and brave, and
hated and scorned.
When his cause succeeds, the timid join him, for then it costs nothing to be
a patriot.”

Mark Twain

Mon, 03/31/2014 - 14:49 | 4611469 Headbanger
Headbanger's picture

Meet the new boss!

Same as the old boss!

http://www.youtube.com/watch?v=Rp6-wG5LLqE

Mon, 03/31/2014 - 14:59 | 4611493 NoDebt
NoDebt's picture

I feel like I'm LIVING the movie 'Groundhog Day'.

Every day, wake up, deteriorating economic news is reported, some new part of the globe goes up in flames, people freak, the Fed pronounces continued easy money, S&P goes up another 10 handles.  And then I wake up and do it all over again.

Even Faber's stuff sounds like I've heard it hundreds of times already (OK, that part is actually true).

 

 

 

Mon, 03/31/2014 - 15:05 | 4611510 Headbanger
Headbanger's picture

I feel like I'm living in the show "Continuum" with all this shit

This fucking global insanity caused by the elites has to be stopped !

We The People of the world just want to do our work, get paid, go home and get laid!

Well...  a stop by the pub is in there too!

Mon, 03/31/2014 - 15:22 | 4611557 Future Jim
Future Jim's picture

relax ...

 
US Federal Debt – Problem Solved

The American government has been spending trillions of dollars on programs it had no Constitutional authority to create, and such unconstitutional expenditures exceed the amount of the federal debt. Therefore,

The federal debt is unconstitutional.

Not only are most government programs themselves unconstitutional, but the debt used to pay for these unconstitutional programs, which were created by previous taxpayers, is paid for by future taxpayers. Therefore,

The federal debt is Taxation without Representation.

Taxation without representation is also unconstitutional. In fact, it is the reason America seceded from the British empire.

Given that the US Constitution is pretty simple, then anyone who loaned money to the US government should have known that they were loaning money to a fraudulent and illegitimate enterprise and thus should not expect repayment.

Of course, there would be a huge consequence – no one would be willing to loan money to the US government again until it started obeying the Constitution, which would be ...

Good!

Mon, 03/31/2014 - 15:41 | 4611611 BLOTTO
BLOTTO's picture

The latest gadget, is just a gimmick
Another sucker, born every minute

Well I'm sick of this town, bringing me down
A first world epidemic all around
I'm sick of this town, bringing me down
A lost generation trying to act profound

All you upper class daughters, and working class sons
It's hard to save a dollar the way the world runs
We got a counterculture you can buy off a shelf
If you're losing your identity, try somebody else!

~Billy Talent, 'Surprise, Surprise'

.

I give a shout out to the living dead
Who stood and watched as the feds cold centralized
So serene on the screen
You were mesmerised
Cellular phones soundin' a death tone
Corporations cold
Turn ya to stone before ya realise
They load the clip in omnicolour
Said they pack the 9, they fire it at prime time
Sleeping gas, every home was like Alcatraz
And mutha fuckas lost their minds

Just victims of the in-house drive-by
They say jump, you say how high
Just victims of the in-house drive-by
They say jump, you say how high

-Rage Against the Machine, 'Bullet in the Head'

.

'As the headline says you're free to choose
There's egg on your face and mud on your shoes
One of these days they're gonna call it the blues

Have you no idea how the majority feels ?
So without love and a promise land
Were fools to the rules of a goverment plan
Kick out the style ! bring back the jam !

-Tears for Fears, 'Sowing the Seeds of Love'

.

I'm waking up, I feel it in my bones
Enough to make my systems blow
Welcome to the new age, to the new age
Welcome to the new age, to the new age
Whoa, oh, oh, oh, oh, whoa, oh, oh, oh, I'm radioactive, radioactive
Whoa, oh, oh, oh, oh, whoa, oh, oh, oh, I'm radioactive, radioactive

~Imagine Dragons, 'Radioactive'

Mon, 03/31/2014 - 16:42 | 4611821 SamAdams
SamAdams's picture

1913 = $1; 2014 = 4 or 5 cents...  yeah, I'd say it's just about over...

Mon, 03/31/2014 - 23:00 | 4612817 BuddyEffed
BuddyEffed's picture

I am gross and perverted
I'm obsessed 'n deranged
I have existed for years
But very little has changed
I'm the tool of the Government
And industry too
For I am destined to rule
And regulate you

I may be vile and pernicious
But you can't look away
I make you think I'm delicious
With the stuff that I say
I'm the best you can get
Have you guessed me yet?
I'm the slime oozin' out
From your TV set

You will obey me while I lead you
And eat the garbage that I feed you
Until the day that we don't need you
Don't go for help . . . no one will heed you
Your mind is totally controlled
It has been stuffed into my mold
And you will do as you are told
Until the rights to you are sold

Mon, 03/31/2014 - 16:13 | 4611700 Chupacabra-322
Chupacabra-322's picture

I'm quoting Dr. PCR from a different article.

"How is it possible that the representative of the war criminal US government can stand before an European audience and speak of “rule of law,” “individual rights,” “human dignity,” “self-determination,” “freedom,” without the audience breaking out in laughter?"
-Dr. Paul Craig Roberts.

How? I will explain to you "how" Dr. Roberts as I'm sure you're aware of.

What we have is a Criminal UNITED STATES, CORP. INC. "posing" as a functional Government of the people, by the people & for the people. It's IS the absolute, unequivocal reason why the Criminal UNTIED STATES, CORP. INC. functioning under the Criminal Corp. version of THE UNITED STATES CONSTITUTION continues to rape, murder, pillage, wage illegal wars of Aggresion & TORTURE.

That IS the reason Dr. Roberts.

Mon, 03/31/2014 - 15:35 | 4611599 Polonius
Polonius's picture

You left out the gold and silver smash at 3am and 8:30am every day.

Mon, 03/31/2014 - 16:56 | 4611879 Redneck Hippy
Redneck Hippy's picture

America and Europe are dead, merging markets are taking over, only not the Chinese, not the Middle East either, certainly not Japan.  O.K. Probably not Brazil or Argentina either.  So who is the new boss?  Faber makes about as much sense as usual.

Mon, 03/31/2014 - 18:50 | 4612212 thestarl
thestarl's picture

I don't mind the guy but his line of thought seems to contradict itself at times.

Mon, 03/31/2014 - 20:33 | 4612463 francis_sawyer666
francis_sawyer666's picture

Faber is a lot like Charles Smith yesterday, the elephant is in the living room, but Faber never will and never can talk about elephant, so Faber only talks about the shit and piss on the floor that is dropped by the elephant.

WHY? Some may ask? Because like JIMMY ROGERS, FABER is addicted to the TV biz and is a meglomaniac for media attention, and the MEDIA would kill him in a nano-second if he talked TRIBE or Elephant.

Of course from the TRIBE perspective so true in the 1970's the USA was destroyed and since then its been on TRIAGE and carefully bled to the bone.

But the fact that FABER fails to shine light on the elephant or Tribe is why FABER must always be considered a part of the ZIO-MSM.

Mon, 03/31/2014 - 19:04 | 4612244 BadKiTTy
BadKiTTy's picture

@NoDebt "I feel like I'm LIVING the movie 'Groundhog Day"

 

Could not have said it better! 

 

I keep thinking I am going to wake up - but the bloody nightmare goes on..... and on..... and on........

Mon, 03/31/2014 - 19:22 | 4612290 puckles
puckles's picture

If you read the WSJ's Review section this weekend, its frontpage article on "Advice for a Happy Life" by Charles Murray, a gentleman I am proud to call a friend, advised, among other things, watching Groundhog Day until you got the message (and method).  Clearly you didn't get either...

Mon, 03/31/2014 - 15:31 | 4611590 CaptainSpaulding
CaptainSpaulding's picture

in the end, i hope to meet Keith moon in paradise. The man was a god.

Tue, 04/01/2014 - 03:56 | 4613172 Jumbotron
Jumbotron's picture

Whether you believe in Satan or not....he is described in the Bible as the ultimate in selfishness.  It was all about him.  He wanted to be like the Most High.  All about I will do this.....I will bet that.

It's all about me.....it's all about I.  That's the world we live in.  A world for of Satanists.

 

I  by Black Sabbath.....the Dio Years.

https://www.youtube.com/watch?v=VHHOwxlESK8

Tue, 04/01/2014 - 04:10 | 4613182 UselessEater
UselessEater's picture

So be yourself.

I'll try to be my-self.

When we fall short, we can try again, each and every day - I fail all the time BUT it doesn't equate to the freaks winning.

Mon, 03/31/2014 - 14:50 | 4611462 Chuck Knoblauch
Chuck Knoblauch's picture

"In the beginning there was light."

God

 

Mon, 03/31/2014 - 14:54 | 4611480 Headbanger
Headbanger's picture

No.. And God said... Let ther be Hv...

And it was good...

Mon, 03/31/2014 - 15:56 | 4611668 ZerOhead
ZerOhead's picture

Nope... just heaven and earth...

The Beginning
1In the beginning God created the heavens and the earth. 2The earth was formless and void, and darkness was over the surface of the deep, and the Spirit of God was moving over the surface of the waters.…

Mon, 03/31/2014 - 16:31 | 4611774 Harbanger
Harbanger's picture

In the beginning was the Word, and the Word was with God, and the Word was God.

Mon, 03/31/2014 - 17:11 | 4611915 ZerOhead
ZerOhead's picture

No no... not the Word but the World.

John was known to be a bit of a prankster and a heavy drinker you know...

Mon, 03/31/2014 - 17:20 | 4611938 Harbanger
Harbanger's picture

I'm glad you're taking the time to read.  Three lines later John says "And the light shines in the darkness, and the darkness did not comprehend it."

Mon, 03/31/2014 - 23:18 | 4612849 Keyser
Keyser's picture

Perhaps both of you should read some Zecharia Sitchin. Every aspect of the book of Genesis is defined in Sumarian tablets dating 8,000 years before Jesus was born. 

 

Tue, 04/01/2014 - 04:24 | 4613185 UselessEater
UselessEater's picture

A nice vibe, best ever, if read quietly for a moment. All faiths/contemplations point to the same clarity. Then they diverge or become corrupted and become vehicles for some socipathic person....we each just need to create de-tox time from the day-to-day.... 5 min from the BS.

Mon, 03/31/2014 - 14:48 | 4611463 Stinko da Munk
Stinko da Munk's picture

Well, OK, peak prosperity ended 40 years ago but nowadays we have Miley Cyrus so on balance it all evens out.

Mon, 03/31/2014 - 14:48 | 4611465 fooshorter
fooshorter's picture

"In the End it Doesn't Even Matter."

 

LP

Mon, 03/31/2014 - 14:49 | 4611468 0b1knob
0b1knob's picture

Just to get your ration of crazy for the day, a passenger on the missing flight has allegedly posted photo from the US base at Diego Garcia where he is being held prisoner.

http://www.jimstonefreelance.com/phillipwood.html

Fake or what?

Mon, 03/31/2014 - 14:56 | 4611486 NoDebt
NoDebt's picture

What missing flight?  I've been watching the news intently for weeks now and I haven't heard anything about a missing flight.

Mon, 03/31/2014 - 15:02 | 4611504 Grande Tetons
Grande Tetons's picture

Apparently Elian Gonzalez hijacked the plane after clubbing Nancy Kerrigan to death....that and there was some white Ford Bronco. 

Mon, 03/31/2014 - 15:44 | 4611633 RafterManFMJ
RafterManFMJ's picture

I KNEW we should have thrown that rabble-rousing SOB out of the country when he was around 7 years old.

Mon, 03/31/2014 - 15:49 | 4611648 SilverIsKing
SilverIsKing's picture

In my opinion, hoax.

- They left the guys hands free?

- Separated him from everyone else?

- He was able to send to a web address using speech recognition?  The picture I get but the 'send to' address I don't.

- If you were planning a hoax, you would use coordinates that were a bit off from google maps so nothing there.

- I don't think he'd be able to hide a cell phone in his ass for 10 days but I do think it would take that long for someone to come up with a hoax such as this.

- What would be the point of keeping these people alive, unless he was the only one, since they can never let them go (unless they just drop them someplace with them never knowing who grabbed them in the first place)?

Anyway, my money is on hoax.

Tue, 04/01/2014 - 00:19 | 4612962 francis.sawyer001
francis.sawyer001's picture

Go to the ORIGINAL post on BeforeitsNews, and download the black photo, then use office-photo manager to auto-color, then fool around, its quite and interesting picture.

It looks like HRC's ass if you were to put her on a copy machine and scan her fanny.

Mon, 03/31/2014 - 19:09 | 4612257 naughtius maximus
naughtius maximus's picture

Me either lol

Mon, 03/31/2014 - 15:48 | 4611615 ZerOhead
ZerOhead's picture

The airplane disappeared March 8th right? The picture was allegedly sent on March 18th.

 

Having a charge left on your phone after it being stuffed up your ass for 10 days is a bit much I think.

Then all of the problems of taking a dump and fishing it out of the crapper with a hood on and then reinserting it undetected time and time again without getting your hands and everything very messy... well...

If it weren't for my belief that the Neocons want a war with Iran NOW and their history of false flag attacks etc. I would have to say the Diego story is simply ridiculous. That said if they don't find any evidence of a crash soon the Diego MH370 story moves up a notch.

Mon, 03/31/2014 - 16:03 | 4611683 Future Jim
Future Jim's picture

I went to the supposed captive's LinkedIn page, but I couldn't send him a message unless I upgraded.

Mon, 03/31/2014 - 16:15 | 4611726 ZerOhead
ZerOhead's picture

Now THAT would be a great marketing idea.

Anyway... planes just don't disappear and for the 'disappearance' to occur during the 2 minute airspace switch-over is a major coincidence.

And since I don't believe in coincidences (unless provided with indisputable evidence to the contrary) this plane was highjacked. Now we just have to figure out by whom and find out where the plane is now.

Mon, 03/31/2014 - 17:03 | 4611902 SilverIsKing
SilverIsKing's picture

I believe it was hijacked too.  I just don't believe one of the passengers sent an MMS message from Diego Garcia while held captive with a sack over his head after keeping his iPhone in his ass for 10 days.

Forgive me if I am naive about this.

Mon, 03/31/2014 - 20:43 | 4612489 UselessEater
UselessEater's picture

Up his sweaty ass; unless they have spent 10 days in air conditioned comfort - its hot and humid in this region.

Mon, 03/31/2014 - 20:57 | 4612518 francis_sawyer666
francis_sawyer666's picture

Answer these questions and you will find your truth, we told you ZH would take you places, we never said  they would be good places.

1) Was the plane ordered to turn back, if so who gave the order?

2) Was the plane turned back manually or by remote control?

3) If the latter, which country or countries have the technologies to execute such an operation?

4) Was MH 370 weaponised before its flight to Beijing?

5) If so, what are the likely methods for such a mission – Biological weapons, dirty bombs?

6) Was Beijing / China the target and if so why?

7) Qui Bono?

8) The time sequence of countries identifying the alleged MH 370 debris in the Indian ocean was first made by Australia followed by France, Thailand, Japan, and Britain via Immarsat. Why did US not offer any satellite intelligence till today?

9) Prior to the switch of focus to the Indian ocean, was the SAR mission in the South China seas, used as a cover for the deployment of undersea equipment to track and monitor naval capabilities of all the nations’ navies competing for ownership of disputed territorial waters? Reuters as quoted above seems to have suggested such an outcome.

10) Why was there been no focus, especially by foreign mass media, on the intelligence and surveillance capabilities of Diego Garcia, the strategic naval and air base of the US?

11) Why no questions were asked whether the flight path of MH 370 (if as alleged it crashed in the Indian Ocean), was within the geographical parameters of the Intelligence capabilities of Diego Garcia? Why were no planes deployed from Diego Garcia to intercept the “Unidentified” plane which obviously would pose a threat to the Diego Gracia military base?

12) The outdated capabilities of the Hexagon satellite system deployed by the US in the 1970s has a ground resolution of 0.6 meters; what’s more, the present and latest technologies boast the ability to identify objects much smaller in size. Why have such satellites not provided any images of the alleged debris in the Indian Ocean? Were they deliberately withheld?

Mon, 03/31/2014 - 23:31 | 4612877 Keyser
Keyser's picture

I believe you know the answer to all your questions. The whole affair stinks of the US alphabet soup agencies. 

And then there was this article.

http://indiandefence.com/threads/russia-puzzled-over-malaysia-airlines-c...

Mon, 03/31/2014 - 14:50 | 4611473 disabledvet
disabledvet's picture

what order is that exactly?

"he who has all the gold rules"?
sounds familiar...
http://www.youtube.com/watch?v=iLEMiDrdSKU

Mon, 03/31/2014 - 15:00 | 4611497 Headbanger
Headbanger's picture

Same old shit all the way back to the Pharaohs  and Caesars and Popes and Kings and dictators and presidents alike.

Tis high time again the common man and woman pick up their plow shares and turn them into swords to stop this madness again.

Mon, 03/31/2014 - 16:55 | 4611871 Abitdodgie
Abitdodgie's picture

Did you know you cannot be pres of the UNITED STATES if you are not of royal blood line as UNITED STATES is a corperation sole.

Mon, 03/31/2014 - 14:54 | 4611479 SelfGov
SelfGov's picture

Yes yes all was great until US oil production peaked and began its decline.

Tue, 04/01/2014 - 04:43 | 4613194 Jumbotron
Jumbotron's picture

+1000  EROEI

Mon, 03/31/2014 - 14:58 | 4611489 youngman
youngman's picture

Japan, South Korea and Taiwan used their debts to invest in factories, plants…investments that generated wealth. According to Faber however, the US has just acquired debt to fuel consumption. ‘Where’s the future income?‘ he asked.

 

He nails it with this statement....I agree..we make toys...games...and mind altering drugs...not much else...shovels are made in China....

Mon, 03/31/2014 - 15:15 | 4611525 Chuck Knoblauch
Chuck Knoblauch's picture

US exports war and imports revenge.

Revenge that belongs to Israel.

Mon, 03/31/2014 - 15:45 | 4611634 Winston of Oceania
Winston of Oceania's picture

My pitchfork was made in Austria much to my suprise but I'm making my own torch just to give the lynchings a more homey feel...

Mon, 03/31/2014 - 19:12 | 4612266 naughtius maximus
naughtius maximus's picture

shovels are made in China....

 

You ain't kidding man. In the 60s there was a missile gap. Today there is a shovel gap.

http://www.youtube.com/watch?v=b60OZhrTB6o

Mon, 03/31/2014 - 15:00 | 4611495 nightshiftsucks
nightshiftsucks's picture

Bullshit,China is just as fucked as everyone else,the dance continues.If US thought gold is the key then why not just have Yellen secretly print a trillion and buy it up ? Something else I was thinking about,if the federal reserve is bankrupt then why won't the govt give it 500 billion and then it could do some serious levering ?

Mon, 03/31/2014 - 16:42 | 4611826 caShOnlY
caShOnlY's picture

If US thought gold is the key then why not just have Yellen secretly print a trillion and buy it up ?

The game is too far gone for that.  It would lead everyone onto a gold buying spree.  China may be as fucked as every other indebted nation however once the global currency collapse happens debts will be erased and a new currency installed.  Credit/Debt will finally be put on a leash.  Going forward in that scenario who is more fucked?: the producer or the consumer?

Mon, 03/31/2014 - 16:57 | 4611883 Abitdodgie
Abitdodgie's picture

Ther is going to be war in America and so they want to get all the inportant stuff out before they fu&^ the country up.

Mon, 03/31/2014 - 17:11 | 4611914 nightshiftsucks
nightshiftsucks's picture

I think the criminals are smarter than you or I and we are about to find that out. And the answer to your question is they are both equally fucked.

Mon, 03/31/2014 - 15:02 | 4611503 dogismycopilot
dogismycopilot's picture

Good debt = Hoover Dam

Bad debt = Iraq War 2 to pacify country for Chinese and Russians

Make hay while the sun shines boys and girls.

Mon, 03/31/2014 - 15:31 | 4611581 Future Jim
Future Jim's picture

Your "Good debt" sounds like Obama's shovel ready jobs ... How is that working for you? I'l bet you think we should build high speed rail that we an be proud of ... Good luck trying to elect someone who you thnk will only rack up good debt. Maybe the Transparency Amendment could work though.

Mon, 03/31/2014 - 16:57 | 4611882 caShOnlY
caShOnlY's picture

Obama's shovel ready jobs was a con job.  The money was being used to keep states from collapsing.   Remember Obummer and the NY teacher together on TV?  He explained she kept her job because of "HIS".... FUNNY as FUCK.... "HIS" stimulas.

Someone tell that MF'er we've been stimulating "HIS" people for 40 years and have still gotten no return on the money.

 

Mon, 03/31/2014 - 15:25 | 4611551 JR
JR's picture

this price and asset growth is never equal – Marc Faber

In fact, it’s fraudulent. It's redistsribution of wealth by theft of the most vulnerable. What we're seeing is not a new order, it's the old world order: The Rulers Versus the Peasants.

Tue, 04/01/2014 - 00:02 | 4612932 Kirk2NCC1701
Kirk2NCC1701's picture

Yup, yup, yup. You got it, JR.
It's what Kirk has been calling "Feudalism 2.0", for many months.

Mon, 03/31/2014 - 15:20 | 4611556 Gamma735
Gamma735's picture

When the world no longer needs us, only then will we wake from our sleep to find we are irrelevant.  Amen.

Mon, 03/31/2014 - 17:00 | 4611890 Abitdodgie
Abitdodgie's picture

Amen is " AmenRa" a pagen god of the ruling class carefull how you pray to.

Mon, 03/31/2014 - 19:13 | 4612270 naughtius maximus
naughtius maximus's picture

I watched zeitgiest too! Did you like the movie?

Mon, 03/31/2014 - 15:23 | 4611563 Smiley
Smiley's picture

I misread the headline:  Thought it said "Old Whore Order..."

I am disappointed.

Mon, 03/31/2014 - 16:13 | 4611686 NuYawkFrankie
NuYawkFrankie's picture

I'm dsylexic - and thought it said:

Rover, go roll in the clover

Mon, 03/31/2014 - 15:26 | 4611569 arby63
arby63's picture

I read once that if 20% of greenback worshippers lost faith that all hell would soon follow.

 

Wondering where folks think we are in that spectrum?

Mon, 03/31/2014 - 15:49 | 4611649 Winston Churchill
Winston Churchill's picture

19.9998%

Mon, 03/31/2014 - 16:05 | 4611685 Anusocracy
Anusocracy's picture

This is kind of old but it does show a glimmer of hope:

Competing currency being accepted across Mid-Michigan

http://www.minbcnews.com/news/story.aspx?id=481793

part two:

http://www.minbcnews.com/news/story.aspx?id=482130

Mon, 03/31/2014 - 16:03 | 4611689 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

A flight has gone missing?

I think that's a mistake. Someone definitely knows where it is.

Hence, not missing.

Mon, 03/31/2014 - 16:05 | 4611694 DOGGONE
DOGGONE's picture

Kept out of sight!

The Public Be Suckered
http://patrick.net/forum/?p=1230886

Mon, 03/31/2014 - 16:11 | 4611710 Chupacabra-322
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What in the name of all the gods has gotten into the US? Where is the vaunted Liberty and Freedom for which the Founders risked their lives at the end of a rope to give you? Where is the Rule Of Law that the Constitution was crafted to bring? The results of the breakdown of the rule of law and the arbitrary imposition of state dictatorship are too awful to contemplate, and revolution is perhaps the most terrible possibility to countenance, but isn't this kind of tyranny the very reason the Declaration of Independence says:

"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security"?

The American People should go to the ballot box en masse and in great numbers, and vote these officials into retirement, instituting new government at their first opportunity, before the burden of tyranny becomes so great that the mass of The People start to think that the unthinkable is the only way to regain their freedom and liberty.

Mon, 03/31/2014 - 18:29 | 4612147 Rafferty
Rafferty's picture

The Permanent Government/Real Rulers still get to decide who your choices will be.  It'll be Obama/Romney all the way down to local level.

Mon, 03/31/2014 - 19:30 | 4612325 acetinker
acetinker's picture

I really don't think the ballot is useful to us anymore, especially not since Diebold.  From previous comments, I suspect you already know of the Act of 1871.  I wonder how many of our fellows here have heard of it?  It laid the 'legal' groundwork which placed you and I, and all the assets of the United States as collateral on the debt incurred via the civil war.  When that wasn't enough, we leveraged the labor of our progeny via the Federal Reserve Act and the imposition of the income tax.

Now, all the collateral is exhausted, as evidenced by QE, and the other players at the global poker table are starting to wonder- How is this flat-busted motherfucker able to continually produce more chips, when he's obviously broke?

Of course, the answer is that the over-leveraged flat-busted motherfucker used a substantial amount of the credit he was extended to build the biggest fucking gun (MIC) the world has ever seen.

China, but more especially Russia, have become wise to this.  It is not Russia who will be isolated, but the US Corp. and its' allies in 'the west'.

The only solution to this, in the mind of Obama's controllers (banksters) is WWIII.  That will 'reset' the game, and leave most of the banksters assets intact, assuming it doesn't go nuclear.

Putin is the 'wild' card.  And, he is in the driver's seat, imho.

He can fuck up the whole plan, and he knows it.

 

Mon, 03/31/2014 - 20:28 | 4612455 francis_sawyer666
francis_sawyer666's picture

Excellent, you are one of the few on ZH tell's the truth, and see's the truth.

RT has done an excellent coverage on MH-370, the CHINESE/RUSSIANS have gone nut's on this and the truth there is coming out.

1) Was the plane ordered to turn back, if so who gave the order?

2) Was the plane turned back manually or by remote control?

3) If the latter, which country or countries have the technologies to execute such an operation?

4) Was MH 370 weaponised before its flight to Beijing?

5) If so, what are the likely methods for such a mission – Biological weapons, dirty bombs?

6) Was Beijing / China the target and if so why?

7) Qui Bono?

8) The time sequence of countries identifying the alleged MH 370 debris in the Indian ocean was first made by Australia followed by France, Thailand, Japan, and Britain via Immarsat. Why did US not offer any satellite intelligence till today?

9) Prior to the switch of focus to the Indian ocean, was the SAR mission in the South China seas, used as a cover for the deployment of undersea equipment to track and monitor naval capabilities of all the nations’ navies competing for ownership of disputed territorial waters? Reuters as quoted above seems to have suggested such an outcome.

10) Why was there been no focus, especially by foreign mass media, on the intelligence and surveillance capabilities of Diego Garcia, the strategic naval and air base of the US?

11) Why no questions were asked whether the flight path of MH 370 (if as alleged it crashed in the Indian Ocean), was within the geographical parameters of the Intelligence capabilities of Diego Garcia? Why were no planes deployed from Diego Garcia to intercept the “Unidentified” plane which obviously would pose a threat to the Diego Gracia military base?

12) The outdated capabilities of the Hexagon satellite system deployed by the US in the 1970s has a ground resolution of 0.6 meters; what’s more, the present and latest technologies boast the ability to identify objects much smaller in size. Why have such satellites not provided any images of the alleged debris in the Indian Ocean? Were they deliberately withheld?

13) On April 6th, 2012, the US launched a mission dubbed “NROL-25” (consisting of a spy satellite) from the Vandenberg Air Force Base in California. The NROL-25 satellite was likely rigged with “synthetic aperture radar” a system capable of observing targets around the globe in daylight and darkness, able to penetrate clouds and identify underground structures such as military bunkers. Though the true capabilities of the satellites are not publicly known due to their top-secret classification, some analysts have claimed that the technology allows the authorities to zoom in on items as small as a human fist from hundreds of miles away. How is it that no imagery of MH370 debris was forwarded to Malaysia, as this capability is not classified though other technologies might well remain classified? (Source: Slate.com)

14) Could it be that the above capabilities were not as touted?

15) However, in December, 2013, the USAtlas V rocket was launched carrying the spy satellite NROL-39 for the National Reconnaissance Office, an intelligence agency which is often overshadowed by the notorious National Security Agency (NSA), only it scoops data via spy satellites in outer space. The “NROL-39 emblem” is represented by the Octopus a versatile, adaptive, and highly intelligent creature. Emblematically, enemies of the United States can be reached no matter where they choose to hide. The emblem boldly states “Nothing is beyond our reach”.This virtually means that the tentacles of America’s World Octopus are spreading across the globe to coil around everything within their grasp, which is, well, everything (Source: Voice of Moscow). Yet, the US with such capabilities remained silent. Why?

It cannot be said that it is not within the realm of probabilities that the US may not want the plane MH 370 to be recovered if rogue intelligence operators were responsible for the disappearance of MH 370.

If the above questions have been posed to the US and other intelligence agencies and answers are not forthcoming, I take the view that the Malaysian government ought to declare publicly that our national sovereignty and security have been jeopardized by the disappearance of MH 370 and that the relevant intelligence agencies have been tacitly complicit in the disappearance of MH370.

By coming out openly to explain the predicament faced by our country, Malaysia may prevent a hostile act against a third country.

Mon, 03/31/2014 - 23:17 | 4612847 Aussiekiwi
Aussiekiwi's picture

Hi Francis, I  would put money on you also believing the moon landings were faked as well.

Tue, 04/01/2014 - 20:31 | 4615626 acetinker
acetinker's picture

This ain't francis_sawyer yer talkin' to, unless he morphed into someone else.  This is a variant of the Satoshis we've learned to know and love, or hate.

He/she is probably insane.  So am I.  I can't hold that against him/her.

Mon, 03/31/2014 - 16:15 | 4611723 Duc888
Duc888's picture

 

 

I smell some New World Odor in the air.

Mon, 03/31/2014 - 16:15 | 4611725 johnmack
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While i read zerohedge quite often, i cant help but think nothing will ever change in human history. in the past 5000 years the rich have always gotten richer, hell im sure you could trace some families wealth from ancient romanan times. Even marc faber alludes to it, bubbles are inflated and they pops yet...rich still get richer. 

I cant imagine the paris hiltons and the kim kardashians of the world going broke anytime soon, barring any frivilous waste of money on poor investments. 

Mon, 03/31/2014 - 16:29 | 4611765 falak pema
falak pema's picture

you don't need ZH to understand that. 

You do need to read ZH to understand the wolves of WS. 

Mon, 03/31/2014 - 16:40 | 4611808 johnmack
johnmack's picture

sure, but im referring to Marc Faber and his eternal gloom and doom reports. It only matters if its raining outside if you dont have an umbrella. The rich have umbrellas most people dont. So what if the USA is "over"... britain has been over for decades and its still doing very well as a place for the ultra rich live.

Me... Id rather concentrate on getting an umbrella so i wont get wet as its raining, gold and silver are not going to cut it in the long term. gold and silver are only wealth preservation not tools of wealth creation. And i own silver.

 

 

 

 

 

Tue, 04/01/2014 - 01:33 | 4611809 johnmack
johnmack's picture

 

 

 

 

 

Mon, 03/31/2014 - 16:17 | 4611732 Duc888
Duc888's picture

 

 

"What in the name of all the gods has gotten into the US? Where is the vaunted Liberty and Freedom for which the Founders risked their lives at the end of a rope to give you? Where is the Rule Of Law that the Constitution was crafted to bring?"

 

It should dawn on people that is was all a scam.  For years the Banksterz who financed all the warz used USA as a carrot...."look here!  Look at this freedum.  We can give you this freedum too if we can just bomb the shit outta your country and get our guys to come in and rebuild".

 

Well, now it's our turn.

 

Head for cover.

Mon, 03/31/2014 - 16:26 | 4611754 falak pema
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Yes, the old world order is over : Arnold Schwarzy doesn't score any more home runs on the Hollywood screen.

The Icon of the old world order, where body count was like a financial derivative scam, a dime a million, is now finding he looks like a precursor to a Dimon or Corzine in the years to be; like his buddy Stallone.

The man who ran California, like successor to Ronny the Great; the man who married into Kennedy family only to prefer his chamber maid--shades of DSk---but he never laid her out like wall paper; he was Terminator and is now looking like  overfed Dinosaur.

Maybe there is a corollary or parallel there between the age of Rambo, Rocky and JR, when money and red rivers flew like the rampant greenback on NWO's back and this new age of  NWO decline under FED's bloated fiat fraulein, singing "aux wiedersehen... Schwarzy"...

Mon, 03/31/2014 - 17:05 | 4611907 Caobei
Caobei's picture

So GloomBoomDoom prophesizes the end of U.S. Dominance when it's pretty much at it's height... Militarily and geopolitcally we are so fucking high-up we are getting alititude sickness and this gold investor says it was over 50 years ago? Gee, guess now really is the time to invest in precious metals...thinking long-term guuuuyz!

Mon, 03/31/2014 - 17:06 | 4611911 Abitdodgie
Abitdodgie's picture

"Rule Of Law that the Constitution was crafted to bring" which constitution was that the one for the UNITED STATES or the one for the United States of America ?

Mon, 03/31/2014 - 17:39 | 4611990 who_cares
who_cares's picture

Mr Faber is allegedly very good at micro level. But he does not understand macro. These same old antics are starting to get to me:

'they created the gigantic housing bubble'

who cares about US housing bubble? Its long gone. Buy and stock up on cheap US real estate. Or wait till chinese pop theirs!!

'In other words, money printing creates more bubbles.'

Capitalism creates bubbles. We knew it from day one! So what?

'consumption doesn’t create a strong economy. ‘Wealth doesn’t come from consumerism, it comes from capital spending,‘ he said.'

Saving is just the opposite of spending. Both sides can create wealth. How much you stimulate each side (or abstain from) is a matter of debate. One thing is certain - if no one spends - no one saves (private develeraging for you). In fact, in times of depression (caused by private sector, coincidentally), government spending is the only way to stave off deflation and IS desirable (suck it in, Tea Party right wingers!). As long as multiplier is more than 1 - it is desirable. This has been proven 70 years ago, and yet people are still debating it. I also I very much doubt if UK is feeling very miserable exporting their quality entertainment-educational-marketing services. In fact, when next recession hits, they will adjust their pricing accordingly and will keep most of the wealth that comes from it. Its tougher when you are a german keeping (and maintaining!) your stock of Mieles in a warehouse or a chinese with %%loads of shipping containers....So much for the manufacturing coming back to the West.

'here’s a difference in quality of those debts'

You want to talk about debt quality, Mr Faber? What about global private sector deleveraging. How is that going, Mr Faber? Not very well, you say?? Now why is that, do you think? Is it also governments fault? :)

Real elephant in the room IS: who should pick up the bill for nuclear world-wide policing? Should it not be split globally, since it is in everyone's interests? Surely, we cannot trust this to Russia or Iranian mysticists, can we? Or can we? :D

ZH - wise up! You became something of an equivalent to a pop website of investment world. Just like Britney Spears on US stage.... Only reason why I still come here is because of instant news feeds.

Mon, 03/31/2014 - 18:39 | 4612161 litemine
litemine's picture

You know what "I CARE".

Your way helped banks, We Lost our freedom. (NSA/Internet spying)

And now I do not TRUST YOU. The lies, manipulations and investing in the wealthy, those who were to provide jobs, Didn't happen.

What should have happened in the first place is investment in Infrastucture, giving Jobs, that pay taxes...back to Mainstreet. We will not fight for your Profits now, fight them yourself, you and you children.

See, now you know.

Tue, 04/01/2014 - 01:43 | 4613060 johnmack
johnmack's picture

Hrmm i completely i agree with you,as NICK FURY says in the new Captian America movie, "We take the world as it is not as it should be". I find it funny you got down voted so much because you realised how pointless and useless(i dont mean that in a bad way) people on Zerohedge are to change anything about the current system.  

Bubbles dont matter, if you are rich or concentrate on being rich. Bubbles are merely just macro "for sale" signs the life cycle of an economy. 

 


Mon, 03/31/2014 - 18:13 | 4612079 mumbo_jumbo
mumbo_jumbo's picture

We live in a new word. We live in a world where the balance of power has shifted to emerging countries"

 

sounds like someone is talking up his investments, he never seems to talk about china's ghost cities or it's debts.

Mon, 03/31/2014 - 19:12 | 4612265 J_jade
J_jade's picture

More fear mongering from Faber.  I can almost gaurentee you that the EU and US will default on the debit and the USD will remain the global currency.  If you do see bank bail ins, it will only be because the gov't refused to bail them out.  All those consipracy guys are making money off of your fears. 

Mon, 03/31/2014 - 19:29 | 4612322 Salah
Salah's picture

Check this out; "most decentralized government in the world" ANSWER:  Brazil

http://www.academia.edu/208068/Which_Way_The_Politics_of_Decentralizatio...

Mon, 03/31/2014 - 19:46 | 4612362 Remington IV
Remington IV's picture

Faber's ponytail is too tight

Tue, 04/01/2014 - 10:50 | 4613690 monad
monad's picture

Your revision of this phrase "Old World Order" as if it were a meaningless cliche is foolish and misleads readers as Marxist revisionist propaganda does.

The Old World Order is alive and well and imposing techofeudal aristocracy. Aristocracy is the Old World Order. Aristocracy is the philosophy that some men are of greater value than others. Historically aristocracies are all repressive and genocidal. Ring any bells? Should be obvious to you by now, these cunts routinely falsify science to justify their world view and rationalize their brutal, self serving agenda. 

The New World Order was democratic republican government displacing the monarchs. This was advanced throughout Europe and the New World by the Jacobites, frei masons and anyone else aspiring to liberty 150-400 years ago. The theory of democracy is that all men are of equal value. The United States was the best instance. The European revolutions produced short lived democratic republican governments that were quickly subordinated to despotism by the merchant aristocrat sponsors of the New World Order, using the language of democratic republican government for cover. Every despot is president these days... socialism is slavery, war is peace, some animals are more equal than others.

Since this jacobite uprising the Old World Order in league with the merchant aristocrats have worked diligently to abolish this New World Order and assert their reign. This is glaringly obvious. Its all around us. In this light none of your points are valid. In your pride you have been duped into thinking the impending global serfdom is better than the embattled republic, and that the many early easy victories using new psychological warfare tactics against unsuspecting and hypnotized sheople prove the war for independence is lost.

Its not.

This foma is worthy of any State intelligence agency or MSM AV/internet propaganda outlet. It is not worthy of ZH. Know history thoroughly and you will know where we are headed, and how tptb intend to dispatch us thence. Know this and you can raise an effective defence strategy. Otherwise you'll be fighting tbtf windmills.

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