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On QE99, Gold, & Global Growth Concerns - The Chart That Explains Marc Faber's Fears
While The IMF recognizes the gaping chasm between collapsing global growth expectations and market exuberance, they remain confident that US growth will save the world. This, Marc Faber explains to a wise Bloomberg TV panel, is why stocks around the world (and now in the US) are starting to weaken, "the recognition that global growth is not accelerating," as the narrative would like us all to believe, "but is slowing." Central Bank money-printing has enabled deficit-heavy fiscal policy and, Faber simplifies, "the larger the government, the less growth there will be from a less dynamic economy." Policy-makers have only one tool - money-printing, and QE99 is coming.
In true Keynesian hockey-stick style, each time a current year's growth expectations slide, the following year's expectations are ratcheted higher... and if stocks weaken into that 'ratcheting' then the central banks unleash more QE... As the following chart shows, the gap between the 'efficient' market and fundamental reality has never been wider and - as Faber implies - policy makers simply cannot allow that gap to be filled (and all that created wealth to once again evaporate)... with QE4EVA coming to an end, the market is forcing "someone"'s invisible hand to act - demanding moar money-printing or the Keynesians will once again be proved entirely wrong.
With all that hot money having flooded into stocks, art, and real estate; this week's record high inflows into bonds suggest commission-takers' worst nightmare "great rotation" is about to happen... or The Fed, ECB, BoJ, PBOC will re-open the spigots and print (defending their actions on the back of global growth slowing - a new mandate it would appear) - and up goes gold.
Marc Faber discusses global growth, gold, money printing, China, and inflation in this interview...
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If I ever had a thing for older men...
If being important.
I am hugely long gold. Joe Wickwire, the Fidelity gold fund manager blew a snot bubble when I told him my exposure and muttered something like, "That's not my fault". Most has a cost basis under $300, which is how I got there, but I must confess to not being a fan of the dips to buy. I want gold to go straight up, non-stop, until I am rich as Croesus.
If only Mark Faber could face the sad reality that we live in a finite world.
If he only could……
It may be a finite world but the universe is a very large place, n'est-ce pas?
We, humans are failing ourselves, what makes you believe that the universe would tolerate more human failures and nonsense?
According to Marc Faber investors are just starting to recognize that global growth is slowing...
http://www.planbeconomics.com/2014/10/marc-faber-investors-recognizing-g...
So, what do you expect when growth turns negative?
Printing money IS stealing money...
No, it's not!
Every nation prints money.
People are not ready for next weeks bashing, it's a perfect time to snatch their wallets. I don't think S&P 1800 is even going to hold.
It's a loooong ways down,
Bitchez
S&P long investor and a guy getting oral from a 90 year old hooker. They are both thinking exactly the same thing: Don't...look...down.
you are so fucking annoying escrava...
you come off like an arrogant 3rd world Yoda...and youve got frickin Liz Taylor/MJ as your avatar
So sorry, banana.
But, what do you think of a banana as my avatar?
In a tribute to you?
As long as it's stump deep up your ass, that would do nicely Sir.
And if every nation legalized sex with 3 year olds, would that make it ok as well?
"I was only doing what a bigger boy told me to" is the last refuge of retards.
"Every nation prints money."
No, every nation prints debt, not money. Currency borrowed into existence with interest owed is debt, not money. It is then amplified using fractional reserve banking.
It's the debt bubble thats finally rolling over which is causing this problem.
Very close.
The "currency borrowed into existence" is not the debt it is real and as a currency conducts the current of counterfeit. Viz., the counterfeit alakazammed by the debt is then used to steal the products of genuine productive work, or money.
...Mutatis Mutandis ;)
Also, not directly related to your comment but most important, the counterfeit facilitated by the debt steals today from real productive work done today. The bad debt is not a future problem but necessarily needs to be dealt with presently.
The popularity of something has no bearing on whether or not it is theft.
QE (i.e., fiat currency creation) allows Prime Dealers to bleed/steal assets from everyone else who is downstream.
It's legalized theft, legalized wealth transfer from the bottom to the top - w/o a Quid Pro Quo exchange of benefits.
Technically there are 'benefits', but they are so asymmetric that they can best be described as having a Master-Slave relationship of 'benefits'.
in a prospering economy(post ww 2 til 90's), there was enuf fluff and growth to share it and suport a middle class. that has all changed and at warp speed we are running on ponzi interest skimming speed with the priciple meaningless as it will NEVER get paid. just running to the edge or RESET, when brenten woods ten (like qe99), is ushered in with nwo of currencies controlled by the same banksters and their masters that gave us this system. if will be different as there are 7 billion peoples to figure out a job for. way too many pegs and not enuf holes, so wht is a ptb to do? ha, eliminate some of the eaters, problem solved on a finite shere...
Technically it is a fraud, not theft. It's an important distinction.
If the gist of your jest is that human civilization will receive the consequences of its actions, then that still does not address the initial observation that "our" world is a very small place relative to the universe, that therefore resources are not finite in a worldly manner but only so in a universal scope, and viewed universally then we may as well say that resources are as infinitely delicious as the ending of pi.
So, let me make it simple:
Show me a planet that has oxygen, water, and food?
Narrow the search to Carbon. If you are looking for anything familiar that is.
So to have oxygen, water, and food carbon is a Must?
Carbon is always a must. Hydrogen is what the dog/carbon is looking for when it is chasing its tail.
Carbon has the ability to form very long chains of interconnecting C-C bonds. This property is called catenation. Carbon-carbon bonds are strong, and stable. This property allows carbon to form an almost infinite number of compounds; in fact, there are more known carbon-containing compounds than all the compounds of the other chemical elements combined except those of hydrogen (because almost all organic compounds contain hydrogen as well).
Thanks. Always great meeting smart people.
And, that can write English in a way that anyone can understand.
Isaura, don't drink more tonight!
Hey Clint, didn't we clarify the situation over my "pomegranate water"?
I am thinking that maybe your view has in some way been tied to giving life. There is no chart porn that measures reverence to life. If there was Dimon or the FED would monetize it.
There is something fundamentally askew with every single chart anf viewpoint. AND you hit it totally "
Show me a planet that has oxygen, water, and food?
It goes to the heart and beyond.
Show me any species that chooses to self-destruct by destroying itself? We are idiots. And I just gotta love all the scripture "big guy in the sky comic book" excusers.
Explain to me how you go to "church" on Sunday and then ignore everything all your lives? Christianity/Judaism/Moslems what does it matter? Same thing different hypocrisy.
And WW, if I may add:
Chris Hedges:
And as the collapse becomes palpable, if human history is any guide, we, like past societies in distress, will retreat into what anthropologists call “crisis cults.” The powerlessness we will feel in the face of ecological and economic chaos will unleash further collective delusions, such as fundamentalist beliefs in a god or gods who will come back to earth and save us. The Christian right provides a haven for this escapism.
These cults perform absurd rituals to make it all go away, giving rise to a religiosity that peddles collective self-delusion and magical thinking. Crisis cults spread rapidly among Native American societies in the later part of the 19th century as the buffalo herds and the last remaining tribes were slaughtered.
The Ghost Dance held out the hope that all the horrors of white civilization—the railroads, the murderous cavalry units, the timber merchants, the mine speculators, the hated tribal agencies, the barbed wire, the machine guns, even the white man himself—would disappear. And our psychological hard wiring is no different.
In our decline, hatred becomes our primary lust, our highest form of patriotism. We deploy vast resources to hunt down jihadists and terrorists, real and phantom. We destroy our civil society in the name of a war on terror. We persecute those, from Julian Assange to [Chelsea] Manning to Edward Snowden, who expose the dark machinations of power. We believe, because we have externalized evil, that we can purify the earth. And we are blind to the evil within us.
Melville’s description of Ahab is a description of the bankers, corporate boards, politicians, television personalities and generals who through the power of propaganda fill our heads with seductive images of glory and lust for wealth and power. We are consumed with self-induced obsessions that spur us toward self-annihilation.
http://www.truthdig.com/report/item/chris_hedges_jan_27_column_transcript_collapse_of_complex_societies_2014012
https://www.youtube.com/watch?v=uAo7ky1kq-Q“#t=1m50s”
Yeast does it and some species of rats use up all resources before realizing it's late. That's what LIFE does. It uses what it needs to survive and replicate.
Plus, there are probably infinite universes. The only finite entity is life's longevity. So, we invent an infinite God or gods.
We, humans are failing ourselves, what makes you believe that the universe would tolerate more human failures and nonsense?
;}
I agree 1000 fold. The utter stupidity, greed and mostly arrogant disregard for this fragile place is beyond belief. Human beings are the complete and unfeeling terrorist species. Terrorist species. At this count you have 7 down votes? That is denial. What a worthless species that destroys and defiles the bed they lie on. ( and at the same time pretends to worship some higher being. Biggest cop-out ever seen) And turns around and admires Buffet and Gates. Why fear EBOLA when we ignore this mutating viral billionaire/CB/broker/money usary worship? Gates and Buffet and Bush, Dimon and on and on and on....? So everyone geso to Church Sunday and prays regarding "protecting the lamb and poor" Goes to become hypocrites and denialists. There are "folks" here who quote this comic book scripture. It is time for the human race to upgrade their operating systems. Our programming has been corrupted by a virus of deceit.Thanks WhackoWarner.
Sometimes is a lone place here. So, thanks again.
Don't worry about it Escrava. There are an awful lot of adults that never matured past 6th grade schoolyard taunting. Post your conscience and taunt the asshats right back.
messymerry,
Thanks. Always great hearing it.
By the way, I did develop very thick skin for adults that still sounding like 6th graders; as well as for the nonsense by the Technocrats that are committed to formulate policies in the interest of the ruling class. Amazing how both believe their own propaganda while totally clueless.
Anyway, if I find the comment really infuriating, I just need to read ‘remember’ the quote below:
"I'll grant you that it would possible to track the pregnancy of the woman Mary who's mentioned about three times in the Bible and to show there was no male intervention in her life at all but yet she delivered herself of a healthy baby boy. I can say— I don't say that's impossible. Parthenogenesis is not completely unthinkable.
It does not prove that his paternity is divine and it wouldn't prove that any of his moral teachings were thereby correct. Nor, if I was to see him executed one day and see him walking the streets the next, would that show that his father was God or his mother was a virgin or that his teachings were true, especially given the commonplace nature of resurrection at that time and place.
After all, Lazarus was raised, never said a word about it. The daughter of Jairus was raised, didn't say a thing about what she'd been through. And the Gospels tell us that at the time of the crucifixion all the graves in Jerusalem opened and their occupants wandered around the streets to greet people. So it seems resurrection was something of a banality at the time. Not all of those people clearly were divinely conceived.
So I'll give you all the miracles and you'll still be left exactly where you are now, holding an empty sack." -- Christopher Hitchens
We don't all go to church and say sorry for being fuckheads the rest of the time. Some of us aren't fuckheads to begin with.
Nicely put.
The bit from Chris Hedges is well stated. How do you reach people who're programmed to the core of their being that the solution to oligarchical collectivism is more oligarchical collectivism?
You don't. You starve the oligarchs by refusing to play their games... When the FSA runs out of beer and their air conditioning quits, then the entire country will begin to look like Ferguson, MO.
The universe cannot deny or permit anything since the "universe" is a semantic fiction and has no more conscience than Tinker bell. Therefore it is not the universe we need to be concerned about but our fellow humans.
To explain; the “universe”, like the “people” is a null term in the physical world. We created the noun “universe” to describe a collection of physical things; animals, planets, stars, elements, etc. Yet, the universe is not, in and of itself a singularity, therefore it cannot make decisions. The problem with assigned animistic properties to a semantic fiction is that it allows some to infer characteristics to it that are as fictitious as the noun itself. Those who seek to control us could say, and have said; “The universe is punishing us with this drought, heed my words and the universe will reward us”.
Same is done with another fictitious creation; the “people”. Politicians speak in the name of the “people”. They steal your production in the name of the “people”; they kidnap, assault, and murder in the name of the “people”. In modern secular societies the “people” are the new gods and politicians the new shamans.
The correct concern is not what the universe will or will not permit, since the universe cannot decide, but are there enough resources, based on our current consumption rate, to permit the continued survival, let alone the growth of our species.
The answer is maybe, but not under current conditions. We as humans have, for the last 10,000 years, a small percentage of our species to ignore the rules of morality and physics. We have decided that a .01% of the species have the “moral” authority to either directly, in the form of the State, or indirectly, in the form of currency control, steal, assault, kidnap and murder. Actions that we find, correctly so, immoral when practiced by any one member of our species.
edit:
So what is the answer? We are very good, especially in this congress, (by congress I do not mean the retarded gaggle at d.c. but its original meaning) at pointing out the problems, perceived, imagined or real, yet, we are very bad at pointing towards real solutions.
Some point towards more government control and regulation, some point with glee at an imagined future of roaming the countryside on an Indian motorcycle with a high powered rifle picking off zombies. I guess that such flights of fancy, when, they are just that, are regional and conditional. Our esteemed colleges from India forecast a future of projectile bloody bodily fluids displacement from every orifice of all “evil” westerners; especially Americans. Although it does show the animosity and frustration that our cultural and political “leaders” have sown across the globe, it hardly provides an answer beyond schadenfreude.
I cannot nor do I wish to provide an answer. That is the exact point. Anyone who proposes to have “the” answer to the worlds problem is by default bound to create new problems. If I were to propose that everyone on the planet, or at least those I agree with, were to move to a particular area and behave a certain way, how am I to enforce it? I can, as many of us do on a daily basis, use the powers of logic and convince others to follow my ideas. Or failing that, I could use marketing and propaganda to accomplish the same. Yet, not everyone will agree (it would be unhealthy if they did). How would I then twist their arms to live according to my ideas or the ideas of the majority of the members of such a community? Eventually I would have to resort to violence, extortion, kidnapping and murder. I would become the State.
What would a potential solution be? Well, 97% of the planet’s surface is currently not populated. Although different “tax farms” do claim 30% (all of the land mass and adjoining waters) that still leaves a fair amount of planet without States. Several initiatives have begun, and failed, to colonize the oceans. It is actually a much simpler plan than colonizing space or building the Free State of Luna.
Another potential solution would be to purchase town size tracks of land in previously uninhabitable areas and building self-sufficient colonies. Those, ala Galt’s Gulch, could be populated by invitation only. We have seen several public attempts at doing so and they have so far been plagued by corruption and opportunistic shit heads .
I just don’t know what the answer is. I guess only you can decide what your answer would be.
So far I have not seen or heard anyone using the word "Equilibrium."
All I hear is "growth" being the magic word.
At the end, the earth will dictate how many people can be supported indefinately.
Doña K,
How about this for "Equilibrium":
Nuclear Power Plants
A loss of one large Spent fuel pool is enough to render the area the size of NY State uninhabitable for about a thousand years. There are hundreds of Spent fuel pools. The US alone has about 80,000 tons of spent fuel. All of the world’s nuclear bombs is probably under 1000 Tons (Most bombs have just a few dozen kilograms for fissile material).
The Spent fuel pools need constant cooling 24x7x365. Failure to cool will result in the water beginning to boil in a day or two. After about 2 weeks the water level will drop to expose the fuel rods, which will catch fire and unleash hell on earth as they spread the nastiest radioactive material known into the atmosphere.
Once a Spent fuel catches fire is impossible to stop as no man or machine can approach it (FYI: High radiation levels disable electronics). The contaminated area will spread to other reactors and spent fuels forcing evacuations, without the infrastructure and people to maintain the reactors and spent fuel pools in the contaminated zone, they too will fail causing a domino effect until no parts of the earth remain free of contamination. Unless something is done to address long term storage of spent fuel, I fear that all invertebrates will become extinct. — TechGuy, at Peak Oil Barrel
goldsaver
You wrote: I cannot nor do I wish to provide an answer
Then, you contradicted yourself by offering solutions; such as:
a) 97% of the planet’s surface is currently not populated…. “tax farms” do claim 30% (all of the land mass
b) Several initiatives have begun, and failed, to colonize the oceans.
c) Another potential solution would be to purchase town size tracks of land in previously uninhabitable areas and building self-sufficient colonies.
d) We have seen several public attempts at doing so and they have so far been plagued by corruption and opportunistic shit heads.
However, you also wrote this:
Anyone who proposes to have “the” answer to the world’s problem is by default bound to create new problems.
My advice?
Read the post below... It’s an eye opener!
“How many brain dead do we have to have on ZH today?” — Tall Tom
http://www.zerohedge.com/news/2014-09-26/your-new-normal-life-pictures#comment-5262138
Its amaizing how many who pretend reading comprehension can not comprehend what they read.
I can not and do not wish to provide an answer. I did not, I did mention ideas that have been tried or are currently been tried. Lets try an analogy; I am not going to choose where we go out for dinner. I have heard great things about Luigi's and I have had great experiences with Fogo di Chao in Scotsdale.
I did not provide THE answer, I did mentioned a few past attempts.
Hmm, and just WHAT makes YOU think the Universe cares?
History is a series of failures punctuated by brief successes, and yet here we are.
Imagine the Dark Ages, a period during which people lived for hundreds of years in the ruins of structures that they did not themselves know how to build or maintain. If humanity got through that, and countless other horrible things, most of which were of our own making, and even the invention of nuclear warheads, chances are we're going to stay around for a while.
Here's the reality. Globally, growth sucks hind tit, is munching on the hairy end of the lollipop.
The global CB's are going to have to ease again.
But they're already all in.
So the next round is gonna have to be fucking Massive.
Not only to try to goose growth, but to raise inflation expectations (The CB's are terrified of deflation... forget the data... they're terrified of it and what you and I believe is immaterial. They'll respond to what they believe.)
So get ready for the largest, biggest, baddest, most horrendous easing moves ever made yet. Gonna make Lehamn moment look like child's play.
And it will do fuck all nothing because we're in a liquidity trap.
Nothing else matters right now.
Nothing
Well, except for all the shit taking place around the world (wars, Ebola, etc., etc., etc., none of which are good for growth or confidence leading us back to.... Big Ass Ease
Doesn't that chart of global stocks look like a double top rolling over? You're right, they may have to really kick some ass to turn that around. If Monday is another big down day could get nasty quick.
knukles
I respectfully disagree with you. Everything matters.
And financial inflation, because there are no more growth, it's a sure in, before the final meltdown.
Oh, my dear, if you've read my comments overtime, you'd know that I'm a proponent of massive, unparallelled inflation at some point in the future. Simply, V will respond at some point as it always has in the past, regardless of the quantity or flow of M. And that shift in V will be once again, behaviorally based. At which time then the tightening necessitated will ultimately make Volcker's Saturday Night Massacre look like child's play.
When, you say will it happen?
It will when it will.
But not right now. For we are in the midst, the very depth of a Liquidity Trap which is a monetary phenomenon brought upon us by non-monetary factors.
Some day, but not yet
Which reminds me of the Good Doctor's "It's just not weird enough, yet."
It's not weird enough
knukles,
I like your posts; but, when you said it didn't matter, you go and tell it the people that are getting hurt.
And you know this better than anyone here that are lots of people hurting. So I was just kind of surprised.
Anyway, moving on!
Moving on? Thanks, your drivel here is getting really long in the tooth.
bu bye
I agree with 95% of your posts Knuckles, but on QE4eva i disagree. Here's why.
1)Diminishing marginal returns. The FED now gets ZERO growth for a dollar printed. From here out, all they do is cause inflation, and they know it.
2 The FED doesn't want deflation, to be sure, but they're even more terrified of hyperinflation, which would wipe out the assets(mortgages, loans)of their owners, the banks.
3)Causing hyperinflation would do every bit as much damage to the economy as deflation would, but everyone would point a finger directly at the FED if hyperinflation happens. Deflation can be blamed on someone else, like an ISIS attack or Ebola, etc.
That said, the crash will likely force their hand, and what it will take to reverse the deflation will be enough to cause hyperinflation soon after, IMO.
In short: damned if they do, and damned if they don't. Game over.
Hyperinflation is inevitable. Complete credit and debt instrument absolution. The great equalizer. Have you the stomach to make the epic play?
It's trap alright, and there's no escape
http://www.youtube.com/watch?v=Rmoo4m7ZFXI
"Liquidity trap" is a bullshit term invented by the tyranny of modern economics as a ruse to busy giddy minds away from the fact that it is the "liquidity" that has productive workers trapped.
"Growth" sucks because of the "liquidity"
Any proponent for liberty generally should embrace whatever terrifies the ABs
"Liquidity trap" means that I am the chosen one... that gets to keep it.
Si tu le dit.
English; and keep it simple, please.
Merci!
Lol! ...de rien.
CB's are the problem. Period end of stop.
Groovy man. Maybe they'll just start passing out thousands of dollars to Joe Sixpack this time.
Not a problem, $30 / hr min wage should do it and the burger flippers won't buy Piccasos with their wealth, they will put it to good use. Detroit and the pimps will boom as will the corner dealer. High Velocity negates High Anxiety.
Check and Chong rerun royalties will max out!!
Let's just summarize it the easy way:
Given a choice between deflation and hyperinflation, CBs will always pick hyperinflation. The CBs are going to hyperinflate even if it kills them.
They have to, because otherwise the situation ends with them upside down on trading their own currency, and that is game over, too, but the end happens faster than with printing, and it benefits the proles and not the bank owners. This is why deflation always precedes hyperinflation -- it's the alarm bell that signals to print full speed ahead.
Another way to put it, if the choice is regular people having more buying power at the expense of banks, or a smouldering hole in the ground where the country once was, the CBs will pick a smouldering hole.
I suspect they think that because they're all fiat now that somehow the math will let them get away with it, but they forget that they're raising real-world asset prices to the point where it's having real effects on the ability of Joe Sixpack to survive. They're in the coffin corner of the economic system and there's no way out.
+100
Yes - Cut through the rhetoric, and modern central bank policy boils down to "FUCK YOU."
Hyperinflation only after the crash, otherwise trillions in bank (the FED'S owners)assets in the form of mortgages and loans become worthless.
If they have to choose, they'll make sure we take the hit, not them. Assets drop to nothing in the mother of all crashes, then the FED tries to "fix the problem" with gargantuan QE, which then hyperinflates the value of all those assets the banks just repossessed.
Same as it ever was.
Hmm, and precisely just how much is a Zimbabwe piece of paper worth?
It is worth one trip to the toilet. Pretty much mark-to-market in my eyes.
I agree totally with you . It is a nightmare scenario for me already for a long time. To see deflation then followed by a huge fiery inflation created by CB. They only think I wonder that could put a dent into this CB easing again is that some major players like Deutsche or more likely Soc Gen blow up. Because then the system becomes uncontrollable even for the CB as the balancesheets of these giant banks are to large. Do you think to big to fail is guaranteed ?
By the way it is likely that the ECB will have to admit that QE for them will not happen that could really poke the bear from its hibernation.
We look through larger telescopes and can't find the outer perimeter. We look through larger microscopes and can't find the bottom. Are you sure it's finite or are we just stuck between two eternities?
Could you please explain to us two eternities?
infinite and infinitesimal
Nicely put tham! The Universe to date has not been fathomed in either direction - That's my explanation in response to IEs asking on behalf of "all of us' of two eternities; though, I have my doubts that "all of us" cared for an explanation, since "all of us" haven't actually been queried by IE or myself. IE will you please explain to me how you know the thoughts of every other person on this board enough to presume everyone else wanted you to ask on their behalf AND how you know the universe is finite?
Because if you’re going to write something, don’t be vague. Be honest and write your message as clear as you can.
So, could you please explain to us two eternities?
I did. By your rules then I should be commended, but I'm not waiting around for it. There's places to go, people to see, things to do!
Motor boat races.
Loop the loop!
Two eternities, one starting point, you. Look down and things get ever smaller. Look up and things get ever bigger. No end in sight either way.
Ironic that the Club of Rome talks about 'Limits,' and the United Nations preaches 'Sustainability,' when everything going wrong in our world can be traced to the pathologically unsustainable attempt by oligarchs to transcend natural 'Limits.'
Its called infinity, no beginning and no end.
'And no sides,bottom or top. A bit like your brain cavity, spaced out.
MMMMM.
There is a CBC radio program that recorded a speaking tour with Dr. Suzuki and a former Canadian banker. Questioned the whole damn idea that "things had to grow ad infinitum". Questioned the whole corporate, GDP YOY program that had to keep growing.
What is worng with a stable system with stable profit and stable cost? ASK why does this model need to grow exponentially? Hockey stickitis benefits whom? Who said this was the only sustainable goal? Results in crap everywhere.
Look back at chart porn. Cost of consumer goods was stable until when????
WhackoWarner,
There are mainly four forms of capitalism:
Penny capitalism: Farmers selling their goods
Local capitalism: Small business. Such as your hardware store. Owners that would be serving on their boarder schools and so on in their communities.
Social capitalism: Such as the Amish’s. Where the labors/manufactures owns their production. Then, they hire business managers to assist them.
And Multinationals: America largest corporations/banks
My advice to you: Stop listening to these so call “Experts” (Dr. Suzuki) and focus in your community.
...... oh man don't you have a facebook page to tend or something??
Rakshas,
Good morning.
It's time for you to wake up, too.
"We are all in the gutter, but some of us are looking at the stars." - Oscar Wilde
Food for thought
An interesting debate that took place some years ago between Carl Sagan, the well-known astrophysicist, and Ernst Mayr, the grand old man of American biology.
They were debating the possibility of finding intelligent life elsewhere in the universe.
Sagan, speaking from the point of view of an astrophysicist, pointed out that there are innumerable planets just like ours. There is no reason they shouldn't have developed intelligent life.
Mayr, from the point of view of a biologist, argued that it's very unlikely that we'll find any. And his reason was, he said, we have exactly one example: Earth.
So let's take a look at Earth. And what he basically argued is that intelligence is a kind of lethal mutation ... you're just not going to find intelligent life elsewhere, and you probably won't find it here for very long either because it's just a lethal mutation.
http://www.chomsky.info/talks/20100930.htm
Isaura,
Chomsky?? You're kidding right. Might as well link Marx
.
Really? What happened to crony capitalism? Funny that a statist such as yourself would fail to notice that one.
Crony capitalism, by Wikipedia: Is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.
So, the answer to your question is #4
Let me give you some examples. Let’s use interventionism, for now.
“I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I helped make Haiti and Cuba a decent place for City Bank boys to collect revenues in. I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested. War is a racket. It is the only one in which the profits are reckoned in dollars and the losses in lives.” -- Smedley Butler
Oops. Got this in the wrong place, somehow.
Ouch! Bastard. That's $500 extra...
That's sarcasm, isn't it? I think Austrian economists like Marc Faber state that we live in a finite world, but Keynesians pretend that we don't.
Harry Wang in Disguise?
Thomas... A word from the wise...
When gold skyrockets, you won't be "rich as Croesus"... you WILL, however, have maintained the puchasing power of today's currency in highly inflated and thus more worthless paper dollars. But, that's a GOOD thing. Don't think of PMs like stocks... they are not something you gamble with. When all is said and done, they are their own true savings account.
I disagree. Yes, some sectors will rise high enough that gold maintains purchasing power only. Other sectors will either not rise (crash due to conditions) or have a lagging rise. I could easily see gold going up to 2500 long before housing doubles. There will be opportunities.
You missed it. I bought a house for cash in 2009 and it has tripled in value. Of course it might go right back down again.
How is confetti three times as valuable as it was before???
It's still convertible to underpriced PMs
Lat, I just figure when all hell breaks loose these inflated housing prices will crash even while gold is rising. At some point those prices will shoot back up as the dollar melts up but I remain convinced my gold stash will eventually buy me moar than it does now.
I'll be buying RE when we hit Weimar territory.
'Ya bought a house in Detroit? 'And now it's worth 3 Bucks?
Good work.
I agree. I think of gold as "Central-Bank-Money-Printing insurance". Gold is a type of insurance that you do not purchase from an insurance company, but that you purchase and maintain yourself.
Silver too. The nice thing about silver is that it comes in small enough units (old dimes, for example) to actually use to buy things with.
As for specualtion, many people in the 90s and 00s speculated on housing by purchasing expensive houses they really couldn't afford. That's risky. I think buying gold futures is risky. Do what you like, but I am just noting that there's a big difference between buying a small house you can well afford and speculating on an expensive house you can't afford, and there's a big difference between buying some gold as insurance and speculating in gold futures.
......though rare to look at fundamentals these days the basic economics for silver and gold should get anybody's attention given basic supply/demand dynamics or at least I would think so; not getting into the manipulation thing as it doesn't really matter that much when there is none left the bidding will begin and you won't get that genie back into the bottle - the destruction of the USD as safe haven is being dealt with nicely by the DC Psychos-meat puppets.
edit - and if you like gold buying silver at this ratio will be a good bet later methinks......
Me as well. Cost has been from $250 on upwards. Cash some out; buy some more. Dips? Anything under the real value to me are dips. And we have not seen the real value in over a century or more.
Any and all "financial advisors or brokers" who questioned my logic are now a memory.
And I confess I would like this to be proved valid at some point. Not to be "rich" but to be able to provide with what I have worked my butt off for.
Rich as Croesus? I have no need for that and I suspect you do not either. Ask yourself it you NEED a yacht, 5 houses, servants or any of that? Who needs that? nobody.
Who needs 500 pairs of shoes? Who needs a red carpet to float down? Who needs 15 cars? Come on already. Needs are simple. Who needs a suit that costs more that the $ to feed a village of people for a year?
Maybe we are asking the wrong questions.
No, but a large ranch would be fun.
Under 300 and you're not rich already?
rofl
Dr. Doom...
it's funny the way faber talks about the various markets as if they were free of manipulation, like the way they were, for the most part, 30 or 40 years ago. poor guy apparently believes in current corrections and trends.
what else is he and his ilk left to do?
I hear more financial media report the USA to be in a true recovery, and that our Fed got it right, while the rest of the world has dropped the ball. There seem to be a belief that America is a growing economy without systemic risk to the entire system, government and private. I can't agree, so we out print the rest of the world, now how do we exit that without total collapse?
American exceptionalism?
I think that, when one brags that he is exceptional, he merely proves that he is not.
Financial media been saying that since the 'recovery' summer of 2010. All lies. REcession only got less worse with the QE hopium. Are you familiar with Shadowfacts? Shadowfacts keep the real econnomic statistics, the way they used to be done back to 1980.
Things are horrible. 23% unemployment, negative GDP since 2006, inflation appx 7-8%. You are absolutely correct, everything is a disaster.
The QE crack will be re-administered to the necronomy.
i think you mean ShadowSTATS http://www.shadowstats.com/
that john williams is a very sober analyst
If no more currency were printed or blipped, then what would everyone have to do to obtain currency from the existing pool of currency? Actually do productive work to obtain it? If so, then what would happen to the purchasing power of that currency? ...Would total collapse have to necessarily be a bad?
Obamster says you are just cynical mr faber. Now go eat your peas
same old song and dance comes to mind or stairway to heaven
Listen.
Your heaven is a finite place, no?
No. The Kingdom of Heaven is within, and therefore as infinite as your imagination.
I was thinking of this song
http://m.youtube.com/watch?v=7SX-HFcSIoU
Liberals are stupid for believing more debt will get us "growth." Conservatives are stupid for believing that with less debt we will "grow." Time to think outside the box everybody.
the way to think outside the box, dude, is to forgo any analysis or judgement based around the false liberal/conservative paradigm
So tired of this ^^^^^^
Yes, when it comes to D and R's, there is little to no difference.
But, liberalism and conservatism are indeed two entirely different paradigms.
so debt doesn't matter at all? or do we want both less and more debt? What the hell are you getting at? Sometimes it's best to stay in the box.
The words "liberal", "conservative", "growth", and even "stupid" and "box" have become so abused and misused that I'm not sure any of them has a clear meaning any more.
How about something simple as taxing the very wealthy who have prospered through financial manipulation rather than creating real wealth.
Infinite growth on a finite planet...what could possibly go wrong??
http://olduvai.ca
That mean the planned Eugenics thinning of the herd is a good idea?
Ebolics
Could "ebolics" be first cousin, once removed from "ebonics"?
He's way too optimistic. The financial system is going to stop instantly. And it won't work again until programmers re-write the code.
Hopefully not Microsoft . We all know how fucked it is as it
Microsoft - even the crash crashes.
Mark Faber, Jim Grant, & Nouriel Roubini = 3 guys who make empirical sense but they have been crying "WOLF!" for so long that the message falls on deaf ears. Except here on ZH. Maybe this will be the week of their redemption.
We all wish. LOL
Some day, what each person wants will come true.
Even if only in that last fleeting though as you go to the great beyond.
Same old shit Faber.... Next up, Jim Rogers says buy gold and go long AG, even through corn proces in particular are in find toilet right now. Market timers these two are certainly not ....
Listen Zero's.
You all know what's going to happen here. Energy prices collapsing will spur global economic growth as the little consumers use more and more of the "ENERGY" products.
This is fucking stupid. There is not much left and the only way for the Keynesians to save face is to fucking squander it?
You Americans, "YOU'RE" the ones who are to blame. When the wells run dry we will hunt you Americans down and you will pay for your excess lifestyles of the "RICH & FAMOUS"!
hey there, we are special and have lots of firepower and are not afraid to use it...
s/ sort of,ha...
Listen Indian
OK no more crowded bus rides for you. From now on you have to walk or ride your bicycle
F/U, you're exposed. CHILD!
How did that 15 minutes of glory feel?
I'd offer you a beer. </sarc>
Why don't ~you~ fuck off
Are you sure? That's pretty harsh Bunny.
I remember those beautiful yellow flowers.
Who was he, "that hurt you" Bunny.
I've always cared about you.
Propper context
I remember Reagan's quote about the people who always want to blame America first. Why isn't anything your fault, or India's fault, or Mohammed's fault, or John Bull's fault, or Fritz's fault, or Ivan's fault, et al? It's 100% our fault? Okay, no problem. So sue us and send somebody to collect if it will make you feel better or more relevant in some way.
But I do have to wonder how you're going to hunt us down once the wells run dry. Coming after us in a sailboat?
And you bill yourself as an equity trader. That makes you a witting participant in the criminal scheme you moan about so much. Sure it's a corrupt system but you're willing to ride along and see what falls off the truck, right?
I Miss Fonz. He was good at "calling out" Faber.
A Mississippi amoeba, is smart enough to answer Fabers' idioms.
JFC Faber and Jim Rickards have been buying Singapore for 5 fucking years...
Ohh yeah... I forgot James Grant.
Fuck me naked<>
I know you well enough to know you nearly always get plastered on Sat night.
A sad individual you are. Why would you waste your time on " lil ole me" ?
Stalking Much?
Plastered? I think you're plastered, with stupidity.
If you're trying to guage my movements, you'll loose.
na, the printing will proceed with diminishing returns. but clearly in fx markets we are seeing some winners and losers. a sore loser may start lobbing explosives, though, ha...
I see the long $ trade getting nervous. I see the fracking guys getting nervous.
I see lot's of RED INK!
Everybody's got a plan,until there knock out. IRON MIKE TYSON