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Marc Faber Slams US Intervention In Middle East, Warns "Whole Region Will Blow Up"
Excerpted from Global Gold interview with Marc Faber,
Let’s talk about the ongoing power shift from the West to the East.
Well, basically, everything is connected and interrelated. We had a colonial system until the end of the Second World War, followed by the rise of individual countries. And over the last twenty-five to thirty years what we had was the rise of China with 1.3 billion people. Because of China’s rapid growth and resource dependence (iron ore, copper from Australia, Brazil and Africa, and oil principally from the Middle East), the Chinese have obviously become a very important economic force.
Take Africa twelve years ago: trade between Africa and the US was twice the size of trade between Africa and China. But today, the situation is reversed.
As a result, China has gained large geopolitical influence due to its growing economic relations. This helped shift alliances from the US to the East, which has led to tensions. China has many provinces that are larger than a European country and as an economic block, China is huge! It dwarfs everything else in Asia. But now China is surrounded by military bases in Asia, by American aircraft carriers and by the signed defense treaties between the US and Japan.
Moreover, the Chinese never forgot that Japan had attacked them numerous times over the past 200 years. Additional disputes between China and its surrounding countries, Vietnam, the Philippines, Taiwan, and especially Japan about maritime rights will cause further tension in the region.
Despite these tensions, the power shift is still underway. You have a superpower like the one Britain was until the First World War and you have a rising power like Germany whose economy in 1910 overtook that of the British. Here you have the superpower that believes in the old order and the new power that believes it should have more influence on global affairs. The resulting tensions create an environment that is favorable for confrontation.
But it doesn’t have to come to war. In my view, China’s long-term objective is to kick out the US from their military bases, particularly after Hillary Clinton and Mr. Obama announced the American Pivot to Asia two years ago; it was a kind of direct attack or confrontational behavior towards China.
Can you tell us your opinion on the recent developments and events in the world like the Middle East? Will these events in that region further escalate? Will they have a long-term impact?
Today, we find ourselves with the same anti-free market interventionists who set up the Federal Reserve, the US Treasury and the US government. These same incompetent professors and academics also run foreign policy in America and then go and intervene in the affairs of Libya, Syria, Egypt, Iraq or Afghanistan. And as can be expected, they mess up just about everything.
We have this Wolfowitz Doctrine that says they don’t want to tolerate any other major power such as the Soviet Union or China. So they want to contain these countries. When these countries become economically more and more important, the tensions, in my view, are only going to increase.
I think it’s unlikely that the West will take any action.
First of all, they don’t have the money.
Second, a survey done by the US military stated that over 71% of their youth are unqualified to join the military for a number of reasons, including educational, behavioral and health conditions. So, if 71% of American youth are not qualified, it means the US doesn’t have the labor force to actually implement its foreign policies. And so they resort to private contracting companies that create more problems than solutions.
I’m very negative about the Middle East. I think the whole region will blow up.
Eventually Iraq will be divided into three different countries: the Kurds, the Sunni in the North and the Shiites in the South. All I can say is that, in general, financial markets are not paying sufficient attention to this.
What are your thoughts on the Chinese-Russian gas deal? Is this a further step towards the decline of the Dollar or the next step towards replacing the USD as the world reserve currency?
I think it’s a symptom of the new world order I was referring to where the balance of economic power has shifted to Asia and emerging economies. This becomes very clear if you look at European companies. Where do they grow? Not in Europe.
Asia has become and will remain the growth market. The gas deal is a big deal in the sense that, it proves how incompetent US foreign policy is.
The US supported the opposition in Ukraine thinking that Russia will do nothing. But Crimea is strategically important to Russia since it gives their fleet access to the Mediterranean and the Middle East. And so, by supporting the opposition in Ukraine, the Americans essentially removed a democratically elected president. He may have been incompetent, but he was democratically elected nevertheless.
That’s democracy! In democracy you have incompetent people at the top.
The Americans also thought they can push the Russians a bit further by trying to lure Ukraine into NATO. That was a step too far and so the Russians reacted by signing a gas deal with China! The significance of this deal lies in that the payment will no longer be made in Dollars but in local currency, the Ruble or Yuan.
I think this is symptomatic of an empire, the US, in decline and a global currency in decline as well. Don’t forget, until WWI, the world currency was the British Pound and its importance diminished afterwards. And now we have a gradual lessening importance of the US Dollar.
* * *
Hold gold...
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And .308 rounds. If you don't recognize that everything is about to completely come unhinged at any minute... well college football just started.
ME Is Fast Becoming Shithole Central...
Hey, Lets All Get Out And Go To EU And NA, Now Thats A Plan...
The US wants to remain the world's only super power, while reducing their military footprint to pre-WWII levels... The only hope the US has to retain the top-dog spot is the dominate the world economically, which they are failing at miserably, much like their foreign policy over the last 60 years... Once again Marc nailed it...
Region will blow up?..
Yeah..thats the big fear.
Wtf is this crap.?
If the Middle East blows up in war, it will be contageous to the U.S.
We are not far behind. It's all about the ISIS puppets the U.S and the Mossad have created. Look it up.
But, on TV they said....
I know it's not germane to the topic, but Marc Faber would make a perfect James Bond villian. He has the accent, the look, everything. And the real-life British MI6 would probably love to have him offed.
can the middle east get more fucked up lol. religion it is always the problem.
Culture matters.The Arabs are more confrontational than Indonesians, say.
The Arabs have this belief in the Caliphate where the Ummah is supposed to rule the world. They haven't a ghost of a chance of achieving that, but they will try. Many millions will die, some from the West.
Most of Islam's internal strife is tribal, not religious. The dispute between the two largest Muslim sects, Sunni and Shi'a, is over which hereditary officials will be in charge. In order for one sect to win, half of the Ummah must be killed or converted by force.
This necessarily lessens their ability to attack us. Our problem is that Western Leftists hinder us from addressing this problem, among others.
The West has structural problems which must be dealt with first, such as the end of the US Dollar as the world's reserve currency. That, alone, will distract us for 10 to 15 years.
Whole economic structures and supply pipelines will crash due to improving technologies which will largely be beneficial to America. Manufacturing will come back to the US, but not many jobs.
There is no end to the services which people want provided to them, so the US economy could grow. But, federal and state governments will retard necessary changes which lessens the Left's voting base.
Much of the political influence of the Big Blue Cities will be destroyed in the coming riots, because the welfare checks have become worthless.
Sociopaths don't care about religion, they only use it (along with other wedges) to achieve their domination. Sociopaths are the problem.
That's true of the leaders, but what about the followers?
The cannon fodder or the suicide bomber must have a cause, even a false one, which impels them to sacrifice themselves. The hearts and minds which must change are not among those on top.
The Arabs are in despair. They are taught that they, because they are Muslims, are the rightful masters of the earth. They cannot reconcile that they are so powerless. Terror is a tactic of the weak. The economies of all the Muslim nations are less combined than that of Spain.
The ISIS prance around using captured US weaponry that they could not build, let alone maintain. They are likely to use those capabilities to kill other Muslims.
"contagious".
i saw the headling and laughed thinking the EXACT same thing. 1 milllion dead in iraq since 2003, most of whom are civilians. the numbers of indirect deaths are probably higher, and the refugees are quite high as well.
WILL. yea, what a laugh. how many peopel have to die for it to be deemed 'blowing up'. do we need to see 6 million dead iraqis, a quarter of the iraqi population to die for this to be a a 'blow up'. a 'holocaust' or whatever other terminaology we ascribe to these horrible historical occurences?
i'm a jew, and i'm NO denier of the holocaust. but there is a lot of phraseology in discussing the final solution and 6 millilon dead , that always tried to elevate the suffering of the jews above other people. hey, we're good at complaining. but in all seriousness, this is a holocaust. it's just being done as a result of america not only killing people, but opening a giant pandoras box of violence that we, and everyone else in the world knew, saddam hussein had the lock and key on.
there was a time when , as bad as saddam was, iraq was actually progressing towards secular western values. the western divide and conquer strategy of funding ultra-sectarianism works very well. so much so, that we buy a lot more into the shia-sunni 'historical 'divide than we really should.
you can blame israel and aipac all you want for the neocons, but the jews and aipac don't own exxon. they don't own the rockefellers ( known anti-zionists) and they don't own shell and mobile. the oil wars are fought in the middle east by the u.s. oil cartels directing our military industrial complex. israel has a hand in it , sure, but so long as you can feel good about blaming israel for everything , for the excessive aggression, you can remain passive, blaming it on another nation, instead of the consent drawn power of our own military industrial complex.
furthermore
shia=sunni split is really a persian saudi split, is a really a western split from , ruso-chinese who both use these parties as a strategy of influence in the proxy oil wars. israeli itself despite its continually 'clever' maneuvering is more a puppet proxy in this game as well than a major player, despite what you would think.
that israel has nukes, is very much the wests doing . they plan on using israel aacordingly just as they do the saudis. attack dogs on a leash.
we've been brainwashed to think peace isn't possible. guess what, saddam killed enough of his own people to make sure it was!. but no more. and not probably for quite some time until enough people have been killed again.
but , peace IS possible.
alas, if we only had one world govenrment .ahhahahahahaahah.
Good post. I don't go along with all of your angles, but you're looking over the fence to try to make sense out of it all.
You make a lot of good points.
I think Iraq always was a tender box waiting to explode, though. Saddam merely delayed the conflagration. I suspect that figure of tens of millions of Iraqis, Iranians, Saudi's, Syrians, Lebanese and Turk's dying in the next decade is way too low.
Most of the reasons for this strife has little to do with Israel, although the Muslims are unlikely to see it that way.
Islam desperately needs to join the Twentieth Century, but this is almost impossible given the personalities involved.
The most cosmopolitan and religiously tolerant Muslims were the merchants along the Silk Road. They were bypassed by European traffic around Cape Horn to India and China. This meant that the most reactionary back desert Muslims were given influence and money by the Suez Canal and the exploitation of Oil in the Persian Gulf.
That dominance is decreasing. Fracking in the US, and eventually in Europe, will mean less money for the Arabs. It will be cheaper for the West to drill for oil domestically. Paradoxically, Israel will soon become a major gas producer.
Peace is not an option. Nor is a world government. The stresses between the Muslim sects has increased. They hate each other more than they do the West and Israel.
Saudi Arabia, of all Sunni realms, is trying to rein in Hamas and Qatar. They can see that revolution could spread to their oil producing regions which is inhabited mostly by Shi'a. Old hates will be inflamed, in part, because the US is abandoning its role as the world's policemen.
Cape of Good Hope
(nobody goes Cape Horn if they can avoid it)
Thanks for the correction.
<we've been brainwashed to think peace isn't possible> Look no further than CNBC and their daily "War on...tablets? Water Wars? Mobile users? Friday's I forgot but was so pathetic.
Fuck the Fed and get GOLD..... This country is in total decline and the sheeple will pay the price. Wake the fuck up.
Woke up, got prepped, got PMs.
And nothing happened. Olly's in charge and all is well. Tall, good looking psychopaths with full heads of hair have it all under control.
Going back to sleep. Wake me up when Au=2000 or Ag=40. Until then, not a damn thing I can do about anything.
measure real money with currency units?
Au = 7500 SDR's ???
More stuff Mark might be right about, but will cost you a ton of money trying to trade on.
The $ status is virtually dead. The Saudis are angry at Big O. Russia will sit back and wait as Germany will switch sides with Putin and tell the Euro to plainly "Go fuck yourself".
Hey Daffy - Farber et al have been saying that about the buck for the last two years. Stopped clock would have been right by now. Time to go listen to another sermon by Lindsey Williams.
Who's Farber?
The guy they named the college after in "Animal House".
Keep mixing his name with Barry Farber WOR...memeory glitch
he means Manny I think, just gave away my age.
Damage control mission?
The death of the dollar is a process, not a single event. It has been and will be punctuated by events, but a single event it is not. We are near the end of this process, but you need to think in terms of years to get a feel for the process. We are at the point where a single major occurrence could be the final punctuated event, but it could go on until 2021 or 2022. My guess is that it will be dead before the beginning of winter of 2016. This fall is looking kind of scary, but who knows? Timing is a bitch.
Agreed.
Better to finish it off while a lazy, incompetent ,puppet is in the White House.
The PTB are hoisted on there own petard right now ,Obozo was chosen to be impeachment
proof. He just can't even follow their script without screwing it up , or he thinks he will grab
the true reins of power in the resultant chaos, by delibeartely fucking it.
The bankers have germany in their pocket. Germany can't do anything but please the bankers and their agents. German people will suffer, but the banks (with bail-ins enabled) will carry forward. If anything happens, the tax payers there will be the only ones that will suffer losses.
I believe the bankers had Germany in their pocket in the early 20th century, how did that go again?
Mark Faber cornholed my sister. I'll never forgive him.
Jealous much?
Who hasn't?
You really are a pathetic spammer... Do linkbacks from ZH mean that much to your SEO?
In a battle between paper and natural resources, my bets are on natural resources winning. Who has the natural resources and who has the paper?
I keep looking for the Marc Faber "here is who should hang" post but I know it will never happen. The "name the fuckers" post is elusive. I used to like him but now not so much.
if its peak oil were all fucked, if not
.
dont fuck with us
Nice summary. But Faber says...
I think it's unlikely that the West will take any action.
First of all, they don’t have the money.
Doesn't take much money to drop the nukes.
When our ship starts to sink and we start to feel desperate, we just might go berserk.
Big things could happen and they could happen soon.
Consider ISIS. What if ISIS were to take down one of our three grids? Or set off dirty bombs in major US cities? Or attack us with biological weapons?
What the fuck are we to do?
And if we choose to vitrify large areas of the Middle East? Will Russia and China look the other way?
Look out for False Flags in the name of CIASIS coming to a town near you. Better be prepped. This will be a long fight on all societal and economic fronts.
Now there is a name that is totally descriptive...
Is it a false flag if we created them and they slipped out of our control? You seriously need to consider every possibility consistent with hard evidence (which is in short order these days) in such an event. If there is an terrorist attack, does it change who you are and what you believe if it is a real attack, a false flag, or a case of severe incompetence by the CIA and the federal government?
Know yourself and know what you stand for.
Gubbmint Cheese.
He is kind of an idiot. First of all, 29% of our youth is still a huge force. Second of all, a lot of young people are disqualfied due to tatoos or testing positive for marijuana. Those conditions can be easily waived.
Let me see, Faber is an idiot for quoting a Pentagon Study.......?
Uh, go read the Pentagon study and find out why kids are being disqualified. Tats, testing for marijuana, no HS diploma, low test scores (even for HS graduates), minor criminal offenses, ADHD and weight issues.
Again, many of these issues are easily waivable. In the past, the Military accepted people with guilty off minor offenses and without HS diplomas. It could do so again. A lot of these kids are physically (and mentally) able to fight. You don't have to be a genius to be a grunt. Give the more technical jobs to the kids with brains.
You have no idea. Have you ever served in the Infantry, never mind combat?
I have no idea? Then maybe you can explain why, when they needed people for Iraq in 2003, they dropped the standards.
I fully realize the modern soldiers uses a lot more technology than they did pre-1980 (the last time induction standards were really rock bottom). But todays kids are also more technologically savvy too. Right now the military has many more applicants than slots, so they can afford to be extra selective. But if they ever need the manpower, standards will drop to more realistic levels--count on it.
I served in both and yes he is absolutely clueless. In a real fight, one would prefer a good enemy to all those useless farts. They don't even qualify for cannon fodder, as soon as they are under tension: 1. They flee, 2. They turn their guns to each other, 3. They surrender.
And regarding the nukes card, they can't be used, or the world is fucked and TPTB knows this...
It would help if folks could read and write.
Urban Philly less than 1/3 have the bare basics of an education?
(a study says)
If times get tough, those standards will be reevaluated. In WWII, young men were sometimes offered a choice between prison or the military.
Learn about bureaucracy gone wild. We have towns in drought areas that will fine you if your lawn turns brown, but will also fine you if you use too much water to keep it green. Rulez man. When they don't make sense, you might as well get caught fucking a goat. It'll be less unpleasant.
Re. ISIS ...What the fuck are we to do?
Well, we could stop training them in Jordan and Turkey and we could stop arming and supporting them.
We are ISIS... obviously you haven't kept up on history since graduation from a school that teaches that we are the 'good' guys no matter how bad we act... ask the Native Americans why they say 'white man speaks with forked tongue'... we were founded by the british with a british education and way of seeing the world.... thus even slavery had a name change... All NATO and our 'friends' in the Middle East are 'with the program'... just ask Israel who thinks their late stage Western colony is more important than their patrons back in the States... but then all psychos think alike, don't they?
Our whole policy is NWO Global Police State, of psychos, for psychos, by psychos... thus the 'dumbing down' process since they took over and have kept us busy with all their wars ever since... unti the Final Solution is complete and all non-psychos are at minimum pathologized to be socialpaths... that is the bare minimum requisite. China is biding their time as Russia takes the heavy hit by the West in Ukraine and what looks to expand in Syria soon... remember the Moslem empire waited to attack the Northern areas of the Eastern Roman Empire until the plagues stopped.... they weren't stupid and neither is Putin.... he knows all of our NGOs are intel based, like the one Obama's mother worked with... and that most corporate businesses function their overseas ops in the same manner of 'cooperation' since WW2.
Faber just doesn't see the 'Big Picture' of these countries taken over by psychopaths. He thinks that things just get a little crazy every now and then and then resets elsewhere, which is true, but then the same pattern repeats there as even psychos need a little time to emigrate to the new 'Chosen Land' and take over all the sectors of society... ponerization is slow infiltration of the 'enemy'.... which is us, the 94%... and it seems only 'they', that psychopathic 6% notice the difference.
Nukes are more of a problem for Israel, than us. BioWeapons would be easier to smuggle into the West. The problem is in weaponizing Smallpox or something. That is a non-trivial problem. You need good dispersal. What with Ebola on the lose in Africa, many people will be headfaked.
I don't believe the US government will do anything about ISIS, Obama is too indecisive. ISIS is likely to run amok, killing different Muslim sects or tribes.
These threats are minor compared to our financial problems. It's hard to tell if the dollar will fail slow or fast. If it happens fast then America will have riots in our Big Blue Cities because the welfare checks are worthless.
Like the universe the bullshit keeps on expanding....
fABER, you should have been with me this afternoon of this Fine Old Southern Lake. I was all alone on the old boat when I went by that dock with 4 thirtyish looking hotties. I don't know why but I sang a verse I picked up from one of you guys a couple of weeks ago "Sunshine, Lollipops and Rainbows! They made me pull over to the dock. Do not tell my old lady that is where I got ripped up at this afternoon.
FABER says AND.....?
Sounds like the Roman Empire and their reliance on mercenaries. The decline should lead to a bunch of banksters jumping.
Good article..
...Ala Machiavelli's Discourses on Livy?
The real fun begins when the FSA gets hungry and the 70 million+ Mentally ill cold turkey their Psych meds...keep your pecker hard and your powder dry.
Thus we may need another shipment of CIALIS our good friend referred to above. Oh, CIASIS...
You say CIASIS, I say CIALIS, let's call the whole thing off!
I have 110% full faith and trust in our esteemed Peacemaker in Chief, the magnificent President Hussein Obama.
He has a proven world record as a Community Organizer and Golfer extraordinaire.
President Hussein will bring peace and provide security for whomsoever wants it. Over the next few hundred golf games, President Hussein will decide which plan to adopt on the current crisis in Iraq and the IS threat. There are rumours that the new Caliph of IS may have his leadership challenged in a serious game of golf.
Furthermore, we are blessed to have another great President in the making in Mr Hitlery Clinton. He has the cojones to send a few more diplomats to sort things out in the Middle East. Based on Mr Hitlery's proven compassionate and caring nature during his tenure as Secretary of State during the Libya crisis, the US will continue to enjoy ever increasing popularity and prosperity in the next 2 Presidential terms. Mr Hitlery also enjoys the support of his lovely spouse who was a former President, Madam Bill Clinton.
Bravo!
All depends on what the definition of IS is.
Relax. Barry will have a strategy soon.
But first he has to get this round 5 under par. Gotta prioritize in life.
That's the whole idea Marc.
War drums beating oh so softly
Kissinger's op-ed today in the WSJ is rather timely on this rebalancing that will make the West much poorer. Must read.
Henry Kissinger on the Assembly of a New World Order The concept that has underpinned the modern geopolitical era is in crisishttp://online.wsj.com/news/article_email/henry-kissinger-on-the-assembly...
Is that f*cker ever going to die? What's keeping him alive?
IMHO, MF is much better at political analyses than stock picks. Quite astute on Asia. US pivot aimed at forestalling China's rise ain't going to work. China will drag US into a prolonged engagement that tax the indebted US further. US good at propping up crony governments will like in other places eroding further the PEOPLE trust. (A trust that was hard gained after WW2). The PEOPLE now have the option of China's economic (bread and butter) overtures.
What's worse is the TPP that is to be foisted on Asia. A Corporatist Globalization Dream that shall have no "buy ins" from the PEOPLE who are not stupid to see the Agenda. Again, they have options to play with China who is getting more sophisticated to push their Anti-TPP stand with real economic benefits to the PEOPLE and not their many crony Governments.
Asia region shall get more interesting for the contest that is in the neighborhood of China. MSM deliberately overplay China's South China Sea adventures. The caricature of a malevolent China ripping Asia ain't going to work as already evident in the recent framing of a "Evil Putin".
The slippery slope is getting slippery. The CFR failed in Thailand.
MF is just corroborating common sense opinion expressed by many ZH posters and non MSM media.
Its time to get that faggot Kenyan Monkey out of the Whitehouse.
We nee to overthrow this fucking despotic government and should call on allies to do that.
But seems only Russia and china are left who are the real frinds of the American people as we all want the same thing.
To see the retarded fucking cock sucker in the Witehouse thrown and exiled back to his jungle and the other insane fuckers locked up in Guantanono preferably, with the private Russian and Chines companies given the guard duty
Don't hold back. Tell us what you really think of President Obama.
I used to like Faber, too.
I think his ponytail is wrapped too tight or something. He just talks
but doesn't really say anything anymore.
I'd like to hear what he thinks should happen. He knows all the players..
Just who does he think should prevail? Just what is his idea of the ideal outcome? He talks like he's American, but he hardly is. Where does his heart lie? Does he believe the U.S. Is better or worse than Russia? China? Japan? Muslims?
That kind of perspective from such a wise man would be worth paying for (again).
Let's hear what at you really feel, Marc!
If he says more (truth) than he already does he'll get cut off MSM. It's that simple.
And you wouldn't need to pay for his newsletter.
All I can say is that, in general, financial markets are not paying sufficient attention to this.
Reads like Faber is on the wrong side and getting squeezed.
We've noticed that we no longer have many Americans come marlin fishing with us any more but lots of very wealthy Chinese are chartering the boat. It's been a blessing as the Chinese sure are a whole lot less arrogant and much politer.
These guys can only think explosions on a massive scale. No other idea, no other concept, just "Booom!".
Strange mental ailment, I say.
Too many people it appears a struggle is occurring to unseat America as the worlds most dominate nation. For many proud Americans who see the world from the unenlightened and possibly undefendable position of the United States having a right to be in control it is both threatening and frustrating to see control slip away.
It is threatening to think the country might quickly fall to the position of a second rate power mired in debt with many of the options we have come to see as our right suddenly ripped away. It is frustrating that in many ways the country has become its own worse enemy guilty of political inaction and squandering its power through a series of bad choices and missteps. More on this shift in power and our best response in the article below.
http://brucewilds.blogspot.com/2014/06/americas-struggle-to-stay-on-top....
All the decision, actions, legislation are a continual process even from the formation of a central bank to protect those most wealthy using the fiat monetary system will be to an end goal as it continues that is AN EVER INCREASING TOTALITARIAN STATE.
Most western nations through all the hidden legislation, money creation are moving to this goal that at some point there will be WW3 but I do not believe it will be a war between nations think of war between classes rich and poor.
The middle east is not the only spark in the armoury there are a whole load of others and by connectedness of being poor and getting poorer it will spread globally.
Excellent point GreatUncle, the Niddle East is the most obvious but not the only powder keg.
I realize that Dr. Faber has been slammed in the past for his stock market predictions however this particular analysis rivals the essays of esteemed Dr. Roubini of New York University. I would like to read more of what Dr. Faber has to say about America's declining role in the tide of international economic diplomacy however, mostly I would relish reading what this man sees as possible options for America's economic survival pending the recent tides of turbulence domestically as well as internationally.
Marc is OK, but like everybody else he has been reduced to a spectator.
Look at Martin Armstrong- 80% of what he writes about is government- nothing is working in the markets so they talk about "the big picture" to stay in front of us.
Just another .0001%'er that is angry his shorts are not working
One reason he's been wrong is that the whole market is rigged and what applies in 'free' markets doesn't in the current environment.
"because of China’s rapid growth and resource dependence (iron ore, copper from Australia, Brazil and Africa, and oil principally from the Middle East), the Chinese have obviously become a very important economic force" Mr. Faber
Is it me, or has China's growth been the result of the loss of american ( western ) labor? If the result is from the transfer of american ( western ) production then how can it be considered real growth? Wouldn't it be akin to welfare where something is taken from someone and 'given' to someone else.
And finally could this gift been intentional, used to create another enemy.
R
What optimism. Think of all the governments spending to oblivion on the backs of their forced debt slaves! Wealth transfer that will make the current corruption look like community largess! Mm hmm!
I like MF, aka General Burkhalter... If someone tells you a train is going to hit you unless you get off the tracks, ten minutes go by with no train... does that make him a an idiot or you?
Here is a clip of General Burkhalter:
https://www.youtube.com/watch?v=DwZS2_fwsgc