This page has been archived and commenting is disabled.

Marc Faber: "This Is The Year Investors Lose Faith In Central Banks"

Tyler Durden's picture




 

"2015 could the year when worldwide investors, traders and normal people lose a total faith in central bankers," Marc Faber tells Boom-Bust's Erin Ade, forcing investors to "re-evaluate their views on gold." Faber begins this brief interview with an excellent summary of the great rotation of money-printing around the world and how USD strength will excuse-wise lead, inevitably, to The Fed re-opening the spigot (something that today's FOMC Minutes show they are dovishly inching towards).

Away from that Faber notes several non-Westen central banks are already getting the global joke and were big net buyers of gold in 2014, warning that the conflict between USA and Russia-China could force the east super-powers to create a gold-backed currency or something else to compete with the USD.

 

Faber and Ade on Boom-Bust... (starts around 3:30)

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 02/18/2015 - 21:09 | 5801477 Self-enslavement
Self-enslavement's picture

World Zionist (WZ) power is “counterfeit money” power to enrich themselves and power gained from immoral pernicious usury, a plague on the human race that causes massive debt-slavery and starvation worldwide for all others, plus the power to tax all others and also the powers to evade all laws and agreements.

Wed, 02/18/2015 - 21:10 | 5801485 ml8ml8
ml8ml8's picture

If you blame all of your problems (or even any of them) or the problems of the world on a race of people, you are one seriously deranged and moronic MF.

Wed, 02/18/2015 - 21:13 | 5801492 Self-enslavement
Self-enslavement's picture

You're just butt sore because people are waking up to your vile ways. You and your kind can go lick baby penis.

Wed, 02/18/2015 - 21:21 | 5801526 ml8ml8
ml8ml8's picture

"You and your kind..." What "kind" would that be exactly?

Wed, 02/18/2015 - 21:29 | 5801553 Self-enslavement
Self-enslavement's picture

You are the one that said something about race, when I was simply stating an observation of physics, so why don't you tell us what your "race" is all about.

Wed, 02/18/2015 - 21:43 | 5801601 ml8ml8
ml8ml8's picture

You really are a moron. YOUR 1st post above, you see it there, the very first comment on this page? It starts off "World Zionist (WZ) power...  And it was incredibly helpful of you to create a defined term "WZ" that you then don't even use.

So YOU"RE the assclown who made the initial racial/religious invective.  I just find such comments so utterly idiotic that I couldn't resist saying something. And I'm not even Jewish.

Wed, 02/18/2015 - 21:53 | 5801632 Self-enslavement
Self-enslavement's picture

An observation of Zionism is simply an observation of the physics of telling lies, stealing, cheating, scamming, running cons and Ponzi scams. It says nothing about race or religion.

Did you forget to take your meds today?

Wed, 02/18/2015 - 22:04 | 5801664 PresidentCamacho
PresidentCamacho's picture

A world zionist can be anyone who supports the case for zionism. Mainly the Rothchilds and all their minions.
Race has nothign to do with it. Anyoe who says otherwise is a racist.

Wed, 02/18/2015 - 22:10 | 5801689 max2205
max2205's picture

Gee mark there are no investors....

 

People buy shit that moves up at a 60 degree angle  and dump when it turns.

 

You are so 1980's

Wed, 02/18/2015 - 22:14 | 5801715 johngaltfla
johngaltfla's picture

But housing has recovered.

Wait a minute, no it hasn't.

The Other Housing Data the Media Will not Share
Wed, 02/18/2015 - 22:23 | 5801738 Richard Chesler
Richard Chesler's picture

I have a broken record that's less repetitive than this fucking assclown.

 

Thu, 02/19/2015 - 00:33 | 5802195 Ness.
Ness.'s picture

"I am a zionist.  You don't have to be a Jew to be a zionist." ~ VP of USA Joe Biden.

<Golf Clap>

 

http://www.informationclearinghouse.info/article20615.htm

Wed, 02/18/2015 - 22:05 | 5801669 cifo
cifo's picture

Am I interrupting this conversation?

Wed, 02/18/2015 - 22:13 | 5801707 Self-enslavement
Self-enslavement's picture

Sorry about that Zionist troll pissing me off.

Thu, 02/19/2015 - 02:18 | 5802335 ml8ml8
ml8ml8's picture

You are a hate spewing neo-nazi.  Go find Hitler and dig him up so you can kiss his decaying ass.

Thu, 02/19/2015 - 20:33 | 5806031 Exponere Mendaces
Exponere Mendaces's picture

Anyone on this site that uses "zion"(name-your-flavor), "Tribe", "j00s" (and other juvenile spellings) is a complete nutjob. They usually lean heavy on the "new world order" crap, then implore everyone to hate their group of choice.

Par for the course for ZH comments. All the good people left years ago, it seems.

Thu, 02/19/2015 - 07:06 | 5802584 FMOTL
FMOTL's picture

Circumcissionist kind ?

Wed, 02/18/2015 - 21:16 | 5801502 cornfritter
cornfritter's picture

not actually a race of people per say... any soulless zombie interested in theft, murder, oath breaking and pedophelia is pretty much a shoe-in

Lucifer is an equal opportunity type dude

Wed, 02/18/2015 - 21:36 | 5801577 Self-enslavement
Self-enslavement's picture

Selfishite sociopaths with sticks up their buttocks.

Wed, 02/18/2015 - 21:41 | 5801595 FredFlintstone
FredFlintstone's picture

Why is everyone down on sociopaths? We are people too!

Wed, 02/18/2015 - 21:56 | 5801641 Self-enslavement
Self-enslavement's picture

Condemning sociopaths is a hate crime, anti-Semitic and extremism.

Wed, 02/18/2015 - 21:09 | 5801484 Joebloinvestor
Joebloinvestor's picture

From what is happening (or being done) to the price of gold, someone doesn't want that to be the solution either.

 

Wed, 02/18/2015 - 21:11 | 5801486 db51
db51's picture

Fuck you Marc Faber.   How long have we been hearing this shit?  STFU already

Wed, 02/18/2015 - 21:22 | 5801519 LetThemEatRand
LetThemEatRand's picture

Faber is actually one of the few in the doom circles who said years ago and who has been saying consistently since, that it would take years to get here.  Guys like Schiff predict the end every month.  Faber, on the other hand, has been pretty clear in past interviews that the end is coming but is not necessarily nigh.

Wed, 02/18/2015 - 22:17 | 5801723 Better_late_tha...
Better_late_than_never's picture

And so forth, and so on.

Thu, 02/19/2015 - 17:44 | 5805338 TeethVillage88s
TeethVillage88s's picture

Thanks for that.

Wed, 02/18/2015 - 21:12 | 5801491 freedogger
freedogger's picture

Ummmm firstly, do they even know what a central bank is?

Wed, 02/18/2015 - 21:14 | 5801496 thamnosma
thamnosma's picture

Unfair headline, ZH.  You quote him as saying "this is the year", so I got all excited that Faber actually stuck his neck out and put a time certain on a prediction.  Needless to say, I felt sorely mislead when the first sentence put my hopes to rest with "2015 COULD be the year"....well, yeah, it could or could not.    I hate being dick teased.

Wed, 02/18/2015 - 21:19 | 5801514 Jack Burton
Jack Burton's picture

I know several retail investors. They all are deeply concerned that the Fed keep printing, and maintain QE and keep interest rates at zero or negative. Seriously, I tell them that this will, in the end, destroy everything. But, they are riding record stock prices for years now, they want more. It is down to greed, as long as their portfolios bask in money printing record stocks, they are happy.

They actually hate me attacking central bankers, all money printing, and manipulation of markets.

One quote " As for me, I hope they keep on printing!"

Wed, 02/18/2015 - 21:26 | 5801542 LetThemEatRand
LetThemEatRand's picture

"One quote 'As for me, I hope they keep on printing!'"

And you just summarized very succinctly why the bankers get away with this.  

Wed, 02/18/2015 - 21:34 | 5801572 BullyBearish
BullyBearish's picture

The junkie never wants his supply interrupted

Wed, 02/18/2015 - 21:41 | 5801581 LetThemEatRand
LetThemEatRand's picture

Apt analogy.  And we know what happens to most* junkies who have an uninterrupted supply.

*Got to drop an exception footnote for Keith Richards, the Goldman Sachs of junkies.

Wed, 02/18/2015 - 21:39 | 5801588 WillyGroper
WillyGroper's picture

It's lonely. Krugmanites are as head banging.

Wed, 02/18/2015 - 21:19 | 5801516 eddiebe
eddiebe's picture

Marc is a sharp cookie. He will not outright call the gold market manipulated. His Swiss upbringing cautions him to be neutral. I suppose I can't blame him, still, at best he's certainly not a straight shooter, and for me at least becoming a bore.

Wed, 02/18/2015 - 21:21 | 5801525 Osmium
Osmium's picture

They will have faith as long as old Yellen has their backs and keeps the "marktets" propped up.

Wed, 02/18/2015 - 21:22 | 5801527 post turtle saver
post turtle saver's picture

I thought it was last year... or was it the year before that... I dunno, I've lost track given all the "THIS is the year XYZ finally happens" announcements we keep getting bombarded with...

Wed, 02/18/2015 - 21:22 | 5801529 CelticWarrior72
CelticWarrior72's picture

Same old story from Faber.  It's getting tiresome.

Wed, 02/18/2015 - 21:23 | 5801531 Goldilocks
Goldilocks's picture

Marc Faber: "This Is The Year Investors Lose Faith In Central Banks"

JUST CENTRAL BANKS?

Wed, 02/18/2015 - 21:29 | 5801555 Cycle
Cycle's picture

!!!

Wed, 02/18/2015 - 21:35 | 5801576 Goldilocks
Goldilocks's picture

Systemically *(F’ed = FED) fucked, yo!!!

sys•tem
1. A system is a way of working, organizing, or doing something which follows a fixed plan or set of rules. You can use system to refer to an organization or institution that is organized in this way.
...a flexible and relatively efficient filing system.
...a multi-party system of government...

sys•tem•ic
1. Systemic means affecting the whole of something. (FORMAL)
The economy is locked in a systemic crisis.

fucked
adj  taboo  spoken
  1  also  fucked up:  completely broken or in a very bad condition//  --The engine's completely fucked.//
  2 in a very bad situation which will not improve:  --If she can't lend me the money, I'm fucked.//

Wed, 02/18/2015 - 21:37 | 5801534 cowdiddly
cowdiddly's picture

Wrong Marc, To state that I would lose faith would be to assume that I had  any miniscule faith in central banking to start with. The only faith I lost is in the govt for allowing it to continue against the Constitution. And since the Supreme Court says that any law that is unconstitutional will be null and void but have allowed the central bank to stand for 100 years means that they have no further legitimate legal authority  and their most basic premise is a fraud. The ridiculous idea of posing to hand down all decisions since based on constitutionality is laughable and ungrounded and every decision based this way since is fraudulent.

In short, your entire system of government is a fraud.

Damn, I feel better. lol

Wed, 02/18/2015 - 21:27 | 5801546 Chad_the_short_...
Chad_the_short_seller's picture

Will this old goat shut the fuck up?? Been screaming the last 6 years, "This is it, this is it."

Wed, 02/18/2015 - 21:29 | 5801554 A Lunatic
A Lunatic's picture

I've already lost faith in the whole damned system......

Wed, 02/18/2015 - 21:46 | 5801605 Goldilocks
Goldilocks's picture

Patronize this,

~//~

....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
.........\.................'...../
..........''...\.......... _.·´
............\..............(
..............\.............\...

Thu, 02/19/2015 - 01:01 | 5802248 badger10
badger10's picture

Way to go! LOL

Wed, 02/18/2015 - 21:50 | 5801623 ms8173
ms8173's picture

As soon as Marc Faber says he's throwing in the towel and going long after all these years........ That's when this market crashes!!

Thu, 02/19/2015 - 08:29 | 5802727 Citium
Citium's picture

Like Hugh Hendry....

Wed, 02/18/2015 - 22:00 | 5801646 Duc888
Duc888's picture

 

 

 

Central banks.

 

Jelly stick.

http://www.amazon.com/The-8-Inch-Jelly-Dildo-Vibrator/dp/B00891GSHG

Soooooooooooo glad Amazon carries this so you all can enjoy the assfuck you'll continue to get by "Central banks"

 

Wed, 02/18/2015 - 22:02 | 5801650 Duc888
Duc888's picture

 

 

 

I'm actulally a little bummed, the 70's version was actually CLEAR and had some nice sparkles thrown into the mix.  Like everything else the modern incarnation is somewhat cheapened.

 

I had mad power tools in the 70's and phucked many a clam with the 70's unit.

 

Wed, 02/18/2015 - 22:41 | 5801803 bid the soldier...
bid the soldiers shoot's picture

just saying

If I'm not mistaken in 2011 here at ZH, I predicted "SYNCHRONIZED PRINTING" by central banks.

I just thought this would be a good time to remind eyeryone that I'm not always an idiot.

:o)

Wed, 02/18/2015 - 22:49 | 5801840 q99x2
q99x2's picture

Expropriate gold bitchez.

Wed, 02/18/2015 - 23:19 | 5801946 ArtOfLife
ArtOfLife's picture

I wish I could get rich off a newsletter and talking with a funny accent, parroting the same shit year in year out.

Wed, 02/18/2015 - 23:51 | 5802067 Spungo
Spungo's picture

People will never lose faith. People still don't blame the fed for any of the past bubbles.

Thu, 02/19/2015 - 00:26 | 5802185 Son of Captain Nemo
Son of Captain Nemo's picture

Erin Ade

Gartman worshiper!

Has no business sharing the same news organization with Stacy Herbert and Max Keiser!!!

Thu, 02/19/2015 - 00:28 | 5802191 jomama
jomama's picture

Most people barely know what a fucking central bank is.

Thu, 02/19/2015 - 01:32 | 5802297 TeethVillage88s
TeethVillage88s's picture

But December 2014 saw a Record, a New Record on a Long Trend in US Long Term Treasuries held by Foreign Countries.

- 2014 LT Treasuries held by Foreigners Total = $6.153 Trillion
- 2013 LT Treasuries held by Foreigners Total = $4.9 Trillion

I think this represents not only Hegemony over the world, but a concerted Strategy to implement a world Government based on Fealty to the State as ultimate authority through corporatism & finance, military protection for world trade, Open Border Treaties, Free Trade Treaties, and the Financial power of the USA & European Allies... which will merge into alliances with Asia, South America, and Australia.

Repost:

Remember to add China and Hong Kong together for China Total.

http://www.treasury.gov/ticdata/Publish/shl2002r.pdf
http://www.treasury.gov/ticdata/Publish/shla2013r.pdf
(http://www.treasury.gov/ticdata/Publish/mfh.txt)
http://www.bea.gov/newsreleases/international/intinv/iip_glance.htm

Last Data is from December 2014.

Belgium 2002 = $10.8 B, then 2013 = $163 B, Today $335 B
Bermuda 2002 = $14 B, then 2013 = $94 B, Today ??
Cayman Islands 2002 = $10.7 B, then 2013 = $66 B, Today ??
Canada 2002 = $8.4 B, then 2013 = $46.6 B, Today $69 B
China 2002 = $95 B, then 2013 = $1,272 B, Today $1244 B
France 2002 = $11 B, then 2013 = $42.4 B, Today $79.2 B
Germany 2002 = $38 B, then 2013 = $54 B, Today $72.7 B
Hong Kong 2002 = $37 B, then 2013 = $89 B, Today $172.6 B
India 2002 = $5.2 B, then 2013 = $56.6 B, Today $83 B
Ireland 2002 = $6 B, then 2013 = $91 B, Today $138.6 B
Japan 2002 = $260 B, then 2013 = $1,023 B, Today $1231 B
Luxemburg 2002 = $20.2 B, then 2013 = $107 B, Today $172 B
Mexico 2002 = $16.7 B, then 2013 = $52.7 B, Today $84.8 B
Norway 2002 = $5 B, then 2013 = $74 B, Today $81.6 B
Philippines 2002 = $3 B, then 2013 = $36 B, Today $40.6 B
Poland 2002 = $7 B, then 2013 = $31 B, Today $27 B
Russia 2002 = $3 B, then 2013 = $138 B, Today $86 B
Singapore 2002 = 19.4 B, then 2013 = $82 B, Today $110 B
Switzerland 2002 = $28 B, then 2013 = $157 B, Today $190 B
Taiwan 2002 = $0 B, then 2013 = $183 B, Today $175 B
Turkey 2002 = $2 B, then 2013 = $18 B, Today $77 B
United Kingdom = $45.7 B, then 2013 = $130.6 B, Today $189 B

Thu, 02/19/2015 - 02:04 | 5802325 Babaloo
Babaloo's picture

Faber's said this every year. And ZH has reported it breathlessly every year.

What a waste of electrons..

Thu, 02/19/2015 - 02:51 | 5802366 discopimp
discopimp's picture

"2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008... could the year when worldwide investors, traders and normal people lose a total faith in central bankers," "re-evaluate their views on gold.  

Sorry Mark I wish I would have taken the Blue Pill Instead

Thu, 02/19/2015 - 04:40 | 5802453 Element
Element's picture

 

 

"2015 could the year when worldwide investors, traders and normal people lose a total faith in central bankers," Marc Faber tells Boom-Bust's Erin Ade,

 

OK marc, that's good, but can you please explain what mechanism is going to cause all these people texting on a dumbphony, is going to make them suddenly become so enlightened, engaged and concerned about central banking, and their various policies and practices?

Are we sure they'll give a crap ... this time?

Thu, 02/19/2015 - 05:13 | 5802487 Moe Howard
Moe Howard's picture

She is kinda hot. That's my take away.

Thu, 02/19/2015 - 07:39 | 5802628 Wild Theories
Wild Theories's picture

not kinda, she is hot

Thu, 02/19/2015 - 08:56 | 5802818 Mi Naem
Mi Naem's picture

Marc looks like he had a hangover. 

Do NOT follow this link or you will be banned from the site!