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“This Is A New World Order” - NATO Will Not Allow Greece Leave EU - Faber

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EU, ECB Will Never Give Up Greece - Dr Faber

- Greece will not be ejected from the EU - Faber on CNBC
- Greek default would trigger massive losses for ECB and European banks
- Highlights geo-political impetus to keep Greece within EU, NATO fold
- Shows strategic geo-political importance of Greece in NATO’s Cold war with Russia
- China and Russia’s ever-closer relationship more important than declining UK
- “This Is A New World Order” - Dr Faber  

goldcore_chart1_11-05-15

In another fascinating interview, this time on CNBC, Dr. Marc Faber discussed the factors involved in the ongoing Greek crisis and made some interesting points.

Dr. Faber - who edits the Gloom, Boom and Doom report - is in no doubt that Greece will not be allowed to default because of both economic and geo-political considerations.

“It’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. So they will lend more money and kick the can down the road.”

Of even greater significance is Greece’s strategically vital location as a gateway between the Black Sea and the Mediterranean.
It is this geo-political factor which Faber believes will ensure that Greece is kept within the EU fold at any cost. For this reason he insists that Russia will never cede Crimea to the western powers.

“From the Black Sea, the Russian fleet can move into the Mediterranean. and without that, they can’t - they have no access to the Mediterranean, without the Black Sea and Crimea.”

goldcore_chart5_11-05-15
Geo-political Importance of South Eastern Europe - Google Maps

Between the Black Sea and the Mediterranean, he adds, lie Turkey, Moldavia and then Greece making Greece “a very strategically important part of Europe”.

The implication is that were the EU to cut Greece loose Russia would be only too happy to step in and potentially project military power directly into Europe.

Faber was then asked to clarify whether he was suggesting that the EU would never let Greece go so that “Putin … cannot recapture the glory of the Soviet Union.”

He subtly points out that imperialism is by no means confined to Russia and that Russia’s recent actions may have been in response to U.S. imperialism.

“Basically, America has had the Wolfowitz doctrine to contain countries like China and Russia.”

He goes on to highlight the new emerging geo-political order where emerging powers China and Russia grow ever closer. There was plenty of Asian media attention on Premier Xi’s visit to Russia.

In contrast, Britain’s election was regarded by western and some international media as being important. Faber believes there is evidence that the global influence of the UK and the U.S. is in decline.

He cites China and Russia’s ever-closer relationship as being more important than the the relative insignificance of Britain’s election and suggests China and Russia’s increasing power is a “new world order.”

He says that it may be that the EU will, until the eleventh hour, make threats and jawbone Greece in order to extract the best terms. Ultimately, however, they are left with little choice but to bail Greece out and postpone the inevitable for a little while longer.

Dr. Faber’s lucid analysis indicates that from both an economic and geopolitical point of view the world and particularly Europe, is in a vulnerable position.

goldcore_chart3_11-05-15

He has previously advised readers and clients to act as their own central bank and buy physical precious metals (gold, silver, platinum and palladium) as a hedge against currency depreciation and geopolitical crises. Faber believes that storing gold in Singapore is the safest way to own gold today.

Interview Transcript
Dr Marc Faber:
I don’t think it’s about Greece economically. it’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. so they will lend more money and kick the can down the road.

Number 2; and this is overlooked by many people, it’s a political issue. if Greece leaves; or if Portugal leaves; or if Spain leaves; or if anyone leaves; the NATO countries led by America, basically, are very afraid that either the Russians establish closer relationship…. you have to look at the geography of eastern europe. You have the northern part of the Mediterranean - The Black Sea. And there you have Crimea Island and to the east of Crimea Island you have Eastern Ukraine.

The Russians will never give up  Eastern Ukraine. It’s like the Chinese will not give up Hainan Island, you understand? It’s not going to happen under any condition. The West can bitch and talk and whatever they want - they’re not going to give it up.

CNBC:
I’m trying to figure this out - what has this to do with Greece not leaving the EU?

Dr Marc Faber:
Well this is what i am trying to explain to you because you have little knowledge of the Eastern European geography. from The Black Sea the Russian fleet can move into the Mediterranean  and without that, they can’t - they have no access to the Mediterranean, without The Black Sea and Crimea.

And in the Mediterranean you have first Turkey, Moldavia and then Greece…and Greece is a very strategically important part of Europe.

CNBC:
So you’re saying that at any cost the EU will make sure Greece stays in so Putin can’t get his hands….cannot recapture the glory of the Soviet Union…?

Dr Marc Faber:
Basically, America has had the Wolfowitz doctrine to contain countries like China and Russia. And why do you think is? Xi in Russia and is prominently featured with Putin? This is the new world order. And Americans and the western countries - You just had the news on Cameron. You look at Cameron. What interest is he to the people of the world? Britain is no longer an empire - it’s a degenerated country….Britain is a great country but economically it’s completely meaningless.

CNBC Interview here
Must-view Investment Webinar with Dr Faber here

 

MARKET UPDATE

Today’s AM LBMA Gold Price was USD 1,184.75, EUR 1,062.20 and GBP 768.37 per ounce.
Friday’s AM LBMA Gold Price was USD 1,185.25, EUR 1,054.26 and GBP 767.46 per ounce.

Gold in EUR - 1 Month
Gold in EUR - 1 Month

Gold climbed $5.60 or 0.47 percent on Friday to $1,188.50 an ounce, and silver rose $0.17 or 1.04 percent to $16.48 an ounce.

Gold rose 1.2% on the week and silver was 2.1% higher on the week. Gold finished higher on Friday and had a weekly gain in dollars after a volatile week which saw sharp losses in government bond markets.

Yemen's militias and the Saudi army traded heavy artillery and rocket fire in border areas today, a day before a five day humanitarian truce was due to take effect. The Houthis said they fired Katyusha rockets and mortars on the Saudi cities of Jizan and Najran on Monday, after the Saudis hit Saada and Hajjah provinces with some 150 rockets.

Warnings of an accidental default loom over debt swamped Greece as Prime Minister Tsipras’ anti-austerity government heads for another confrontation with an increasingly testy German-led bloc of creditors.

German Finance Minister Schaeuble and his Greek counterpart Varoufakis meet in Brussels this lunch time ahead of a Eurogroup meeting of Eurozone finance ministers, a spokesman for the German finance ministry said. A time was not confirmed the spokesman said it would be before the gathering starts at 1300 GMT.

Breaking News and Research Here

 

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Tue, 05/12/2015 - 03:53 | 6083978 Firewood
Firewood's picture

"Faber believes there is evidence that the global influence of the UK and the U.S. is in decline."

Well, the toilet went crazy
Yersterday afternoon
The plumber he says
Never flush a tampoon!
This great information
Cost me half a week's pay
And the toilet blew up
Later on the next day-ay-eee-ay
Blew up the next day
Woo-ooo

https://www.youtube.com/watch?v=RFvtoJrK1Zg

Tue, 05/12/2015 - 00:30 | 6083763 TheCentralScrut...
TheCentralScrutinizer's picture

Greece is not just a EU problem, it's a NATO problem.

Putin wants nothing more than to break up NATO, and a Grexit would go a long way towards accomplishing this, especially if Putin offers special economic privileges in exchange for basing rights.. 

What would NATO's response be then?   Can NATO prevent Greece from cozying up to Russia without resorting to military coercion?   Not likely.. 

Stay tuned.. ;) 

Scrutinizer

Tue, 05/12/2015 - 03:56 | 6083980 Firewood
Firewood's picture

"Putin wants nothing more than to break up NATO, and a Grexit would go a long way towards accomplishing this"

 

And so does every sentient being on the planet because it is the only way to stop the demonic Anglozionazi Empire of Chaos and its cull project.

Tue, 05/12/2015 - 00:30 | 6083762 TheCentralScrut...
TheCentralScrutinizer's picture

Greece is not just a EU problem, it's a NATO problem.

Putin wants nothing more than to break up NATO, and a Grexit would go a long way towards accomplishing this, especially if Putin offers special economic privileges in exchange for basing rights.. 

What would NATO's response be then?   Can NATO prevent Greece from cozying up to Russia without resorting to military coercion?   Not likely.. 

Stay tuned.. ;) 

Scrutinizer

Tue, 05/12/2015 - 00:24 | 6083757 Sandmann
Sandmann's picture

Art 6 of NATO Charter gives US right to invade Greece but it dare not, nor stage a coup. A coup ejects Greece from the EU immediately. They can do nothing, for once Greeks have power. China could establish a naval base/civilian port in Greece for its Mediterranean navy and spy ships. The US is a busted flush and can do little unless it wants a multi-front war - it is where Britain was in 1935 unable to fight a war in Europe and Asia simultaneously and forced into bilateral treaties in the hope of its weakness not being recognised.

 

The US can sacrifice millions of US voters and children but it cannot be sure which and what the backlash from the survivors might be. Personally, I expect the US military to revolt after Iraq, Afghan, Jade Helm, NSA, and assorted corrupt generals and leaders

Mon, 05/11/2015 - 22:00 | 6083447 q99x2
q99x2's picture

Ok I get it now. This means Greece isn't going to default eh?

Mon, 05/11/2015 - 21:35 | 6083365 besnook
besnook's picture

alright, someone go to singapore and start a bitcoin type exchange using real gold deposits.

Mon, 05/11/2015 - 21:04 | 6083288 Why.Not.
Why.Not.'s picture

BS. Look at the geography. Turkey controls two bottlenecks, one from the Black Sea into the Sea of Marmara through Istanbul, and one from there through a long strait into the Med which immediately opens out into a large area involving both Greek and Turkish sovereignty. The key is Turkey, not Greece (but that doesn't provide an excuse for the article). NATO might have its concerns, but the argument doesn't hold water. Turkey could easily cut off all traffic out of the Black Sea whenever it wished, Russian included, which would leave any Russian bases in the Med - on Greek soil, for example - isolated with no convenient water or land access routes. The whole subject is hypothetical, of course, but it helps to start with the "hard" facts.

Tue, 05/12/2015 - 05:33 | 6084058 corbeau
corbeau's picture

"..Turkey could easily cut off all traffic out of the Black Sea whenever it wished.."

This would be a political suicide, if not worse. Turkey would rather cut off the traffic for the occasional US warship entering the Black see just to be humiliated by the Russians. The turks, in final count, are much smarter than the americans. On top of your "exceptionality". In fact you are exceptionally stupid.

Tue, 05/12/2015 - 01:13 | 6083813 basho
basho's picture

BS. you should look at the geography. probably a budding NSA analyst. lol

Mon, 05/11/2015 - 21:33 | 6083360 besnook
besnook's picture

turkey is the first line. greece controls the the passage into the main body of the med. besides, turkey is making noise about what it wants and this position is their bargaining chip with the eurozone and russian. that is why both of them and israel hate turkey.

Mon, 05/11/2015 - 20:48 | 6083218 me or you
me or you's picture

At the end Greece will end bankrupting the whole Eurozone.

Mon, 05/11/2015 - 20:51 | 6083236 logicalman
logicalman's picture

The Eurozone is already bankrupt - Grexit would just make it a lot harder for the pols to hide it.

 

Mon, 05/11/2015 - 18:37 | 6082845 SmittyinLA
SmittyinLA's picture

Greece can exit anytime they wish, just like Ukraine.

Mon, 05/11/2015 - 19:30 | 6082986 Oldwood
Oldwood's picture

Will you accept drachmas in exchange for dollars. I won't.

If they can't make it on the credit line they have had for years, Printing their own cash would make Bernanke look like Ross Perot.

Mon, 05/11/2015 - 20:49 | 6083223 logicalman
logicalman's picture

The world's financial system is a game played by psychopaths with you and I (and most others) as pieces in a game.

When everyone's printing like printers are going out of fashion does it really matter who's fingers or on ctrl P?

It's the printing that's the problem.

Imagine a world with real money and the rule of law. On second thoughts, don't, you'll find it upsetting.

 

Mon, 05/11/2015 - 21:17 | 6083317 Oldwood
Oldwood's picture

Its absolutely important or relevant as to who prints. That is what this "war" is about. And ultimately size is all that matters in a war of domination. Everyone is scrambling to get bigger through associations...the EU, the ME, The BRICS. Its an economic war, most specifically between the US (the former heavyweight champ) and all of the contenders. Exactly the way the last world war played out, just with less bombs and bullets (so far).

Mon, 05/11/2015 - 17:47 | 6082672 rsnoble
rsnoble's picture

The EU works so well, there all still clowns wanting the US/mexico/canada bs.

Mon, 05/11/2015 - 16:53 | 6082456 teslaberry
teslaberry's picture

marc fabre has been wrong on all his calls. he needs to just shut his face.

Mon, 05/11/2015 - 16:42 | 6082386 coast
coast's picture

It is a super long video, but David Icke has a video where he names all the names (and pictures) of the Rothchild zionists who control the western world, and beyond.  Not just by finance but weather control, media, food, water, education, etc etc...If you are a bible scholar, the book of Genesis speaks of these people. They have different DNA, (fallen angels), this is why the noah's flood to distinguish as much of their DNA as possible, and this is why, that currently, those in control have spent so much time and money getting and documenting the DNA of every human they can. They started decades ago by getting newborn babies DNA from the hospital... You dont have to believe in the Bible, but its interesting how it all seems to fit together.  And dont forget all the wars in the old testament...They were all between the two different DNA factions.  They think they are winning now, but someday it will all change because they are burning themselves out. God cant take them out because that would make Him a dictator. He just waits until they destroy their ownselves. Problem is, they are taking many of us down with them...The population of the U.S. truly is at war with the rothchild zionists as I type this.

ie: social engineering, vaccines, weather manipulation, financial tyranny, etc...slow kill.....eugenics is to kill all the DNA that is different than theirs.

 Most just dont realize it or care...  p.s. Sorry for the novel

Mon, 05/11/2015 - 16:33 | 6082385 zebrakid
zebrakid's picture

He is obviously not a pHD in geography. Being a pHD in economics guatantees stupidity. Just look at the FED

Mon, 05/11/2015 - 16:29 | 6082366 new game
new game's picture

above points cut to the truth-thanks much...

Mon, 05/11/2015 - 15:43 | 6082173 True Blue
True Blue's picture

Greece will never be allowed to leave the EU; accept it, you are no longer a nation/state; you are a captive state -just like cartain others who were not allowed to seceed from a supposedly 'voluntary' political Union controlled by their northern neighbors.

Mon, 05/11/2015 - 15:52 | 6082208 farmerbraun
farmerbraun's picture

"Greece will never be allowed to leave the EU;"

Right ; there is no such mechanism.

However Greece can default on its debts , and it can have its own currency , while remaining part of the EU.

Mon, 05/11/2015 - 19:34 | 6082992 Laurent K
Laurent K's picture

There is a mechanism to leave EU (at least in theory). What is missing is a mechanism to leave Euro.

Tue, 05/12/2015 - 01:26 | 6083830 farmerbraun
farmerbraun's picture

The following members of the European Union do not use the euro: Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom.

Tue, 05/12/2015 - 02:23 | 6083885 Global Observer
Global Observer's picture

True. But it appears unless a member asked for an opt-out of the euro (as did the UK and Denmark) and was granted or hasn't met the conditions like the rest you mentioned, membership of the EU means membership of the euro. Moreover there is no mechanism specified for a member to be expelled from the euro or leave it.

It doesn't mean it is a legal impossibility, but simply that there is no straight forward legal way to do it without exiting the EU.

 

Frankly, Greece should reintroduce Drachma in parallel to the euro and let the rest figure out how to let Greece leave the euro without leaving the EU.

Mon, 05/11/2015 - 15:08 | 6081967 RMolineaux
RMolineaux's picture

Some clarifications are necessary on Faber's geography:  The Black Sea is connected to the Mediterranean by two narrow straits - the Bosphorus and the Dardanelles.  Free passage through both, for all nations, is guaranteed by various international treaties.  The territory bordering these straits, on both sides, is entirely Turkish, not Greek.  Russian territory borders the Black Sea, so they always had access to it, even before recent events without the need for the Crimea.  But its naval base at Sevastopol, which IS in the Crimea was guaranteed to Russia by treaty before recent events.  Russia's motivation for accepting Crimea's wish to join Russia was motivated in large part by fear that the Kiev puppet regime would cut off Sevastopol.

IMO, the end results of the current Greek bankruptcy will be its withdrawal from the monetary union of the Euro, the resurrection of the Drachma, but not a withdrawal from the European Union.  It will have its own currency, as do Poland and Hungary.

Mon, 05/11/2015 - 16:38 | 6082406 HowdyDoody
HowdyDoody's picture

"Russia's motivation for accepting Crimea's wish to join Russia was motivated in large part by fear that the Kiev puppet regime would cut off Sevastopol"

Another significant factor is that the Ukrainian Nazis would try to ethnically cleanse Crimea of Russians.

Mon, 05/11/2015 - 15:12 | 6082028 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Excellent points... dead on

Mon, 05/11/2015 - 20:55 | 6083253 ThisIsBob
ThisIsBob's picture

And I'm sure nobody gave even a passing thought to Crimea's offshore resources.

Mon, 05/11/2015 - 20:31 | 6083150 TeethVillage88s
TeethVillage88s's picture

Some Clarification of the Possibility of a US Lead Military Force Containing China and Russia. BAHAHAHAHAHAHA

"Basically, America has had the Wolfowitz doctrine to contain countries like China and Russia."

I'm not sure Wolfowitz, Cheney or Rumsfeld are Dumb enough to actually say this... they might be and might have. But the USD, Petro-Dollar, World Reserve Currency, has limits. After an Extensive Iraqi War in which Trillions were transferred to MIC Contractors USA sits on over $18 Trillion in Public Debt (Federal Debt only).

The Current Debt of the USA and foreign ownership of Long Term US Treasuries are world Records. As was the Spending on the Iraqi War. The Bankers and Corporations are the Winners... very little seems to have been gained nor is there Rich Assets in the ME now owned by the USA, or our Allies.

That is the Problem with Logistics. Wars close to home are the only ones that are cheap and worth fighting.

---------------------------------------------------------------------
- In 2020 it will be Obvious to everyone that the USA is Spending $1 Trillion a Year on MIC, US Spending is Exponential
---------------------------------------------------------------------

** Management of US Monetary & Fiscal Policy is only surpassed by Extravagant Corporate Spending **

The problem is there is little worthwhile in the USA that is cheap to Contract, and the Complexity of our Systems of Government, Banking, Military, Energy, Transportation, Distribution, Health Care, Education, Employment, Career Building... they are all TOO Complex, TOO Linked, TOO Risky.

-------------------------------------------------------------------
In Fact I am the Only Person that Suggests Simplification, Streamlining, and Standardization of our System.
-------------------------------------------------------------------

It is Hopeless to Dream of Big Military Victories at Premium Prices. World War III means Starting a DRAFT and NATIONALIZING Facilities, Transportation, Oil, Refineries, and other Resources.

China & Russia together are the Largest Land Mass on Earth or the Largest Enemy you can Imagine.

Tue, 05/12/2015 - 01:18 | 6083817 basho
basho's picture

"I'm not sure Wolfowitz, Cheney or Rumsfeld are Dumb enough to actually say this"

why not read it before making a simpleton remark.

lmao amazing amis.

Mon, 05/11/2015 - 14:11 | 6081715 escapeefromOZ
escapeefromOZ's picture

I hope that Grece defaults , The bastards in charge of the EU deserve every disaster they can get . 

I do no like :

1)Expansion to Eastern Europe of the EU failed dream 

2) I do not approve of the participation in Colored revolution , coup, d'etat and armed interventiom all over the world of the NATO criminals.

Who gave the mandate to do crap like that to the EU morons ? 

3) I disagree with the sanctions to Russia and IRAN .

    What the fuck did Iran of Russia do to deserve sanctions ?  Those countries have displeased the crims in Washington and Israel ? 

4) The EU foreign policy is too much controlled by the collaborators of the CIA in western government . Time to be independent .  We have been occupied for 70 years  . It is time to kick the Washington crims out of Europe . 

As Nuland famously said " Fuck Europe " . The Europe of the multinationals, the Banksters ,  the lobby groups , the friends of Israhell , the friends of the Big Pharma , the friends of Immigration without limits , the friends of the warmongers . 

 

Mon, 05/11/2015 - 14:07 | 6081688 Counterpunch
Counterpunch's picture

Greece has friends.

Mon, 05/11/2015 - 14:07 | 6081687 Jack Burton
Jack Burton's picture

Zionism now controls the west totally, A handful of Zionists rule the EU, United States, Canada, Australia and New Zealand. These Zionists own the banks and the media, thus people here never even learn the Zionists are in control. China and Russia need to be added to Zion, so they rule us all. I falt all Western European men for allowing Zionists to take your lands and your governments hostage to their tribe. Look at who rules Washington DC. It is a tiny handful of Jewish Zionists aided by the even worse Christian Zionists. Their cheif concern is alway Israel and making more gold. All off of the backs of the populations to ignorant to fight back.

Mon, 05/11/2015 - 18:47 | 6082879 SmittyinLA
SmittyinLA's picture

If zionists controlled the media.....every weekend would be a Ben Stiller Adam Sandler film festival, and anti death penalty propaganda flicks like Greenmile would have their own channels- run randomly 24-7 and all our TV would be fillled with christian ridicule, homosexuality, and interacial pronography.

 

Mon, 05/11/2015 - 19:28 | 6082979 Oldwood
Oldwood's picture

If the Zionists or any other group of wealthy elite owned or controlled the media, they would continue to sell us everything we want and nothing we need, just as they have been doing for decades. It is far easier to enable our own self destruction than to ever oppress or dominate us with force.

If we are too stupid to figure it out, who can blame them?

How about a cookie....or an Iwatch???

Mon, 05/11/2015 - 20:41 | 6083198 logicalman
logicalman's picture

The most powerful tool in the hands of the opressor is the minds of the opressed.

Steve Biko

Mon, 05/11/2015 - 15:50 | 6082197 farmerbraun
farmerbraun's picture

Zionism is just elitism hiding behind some fantastical nonsense that only the terminally superstitious believe in.

As you point out neither Zionism , nor elitism , is restricted to any particular religious ( or political or economic) dogma.

It doesn't matter what screen the "elite" are hiding behind; the name of the game is control and privilege.
And the expendability of all who are not counted among "elite".

Mon, 05/11/2015 - 14:09 | 6081700 Counterpunch
Counterpunch's picture

+1000

as always, the problem is how to repeatedly say 'its not all or even most jewish people, but... its jews, everywhere you look, transnationally, doing x, y, and z."

You should have your own blog - {do you}?

You might like this:

http://www.foreignpolicyjournal.com/2010/06/17/top-ten-myths-about-the-i...

Mon, 05/11/2015 - 14:03 | 6081666 Jack Burton
Jack Burton's picture

"the relative insignificance of Britain’s election"

Faber once again hits the nail on the head. The UK is drowing in two things, debt, and illegal immigrants. The UK trumpets it's growth and recovery, but this recovery was bought with borrowed money. Every month the UK piles on more and more debt, though media ignores it. Meanwhile, this tiny Island is now the third worlds destination of choice! All across the Middle East, Africa and SW Asia, the millions of poor people have seen destination London as the promised land. Their TV's blast out the good life in the UK. It is known among those seeking to get to Europe that the UK is Europes Soft Touch. If you can land in England, England owes you first an Apartment, health care, dental care, education and best of all, every immigrant gets a monthly check of hard cash to spend. THUS the millions are heading for the UK, even now, 1 million line the North African coast waiting for boats to take them on the start of their journey. Destination UK!

Faber is right, what is the UK? Debt and thrid world immigrants, all sharing an Island with a fabulosly wealthy tiny minority who rule. The city of London bankers feed off of government hand outs via regulation and money printing. In the global scale of things, the UK is nothing any more.

Mon, 05/11/2015 - 16:44 | 6082424 HowdyDoody
HowdyDoody's picture

The flood of immigrants is most definitely not an intentional consequence of bombing mediterranean and middle eastern counties back into the stone age, totally destabilising their civil societies and creating/supporting extemeist outfits such Al-Qaeda-Isis. No siree, Bob. Purely an unrelated coincidence.

Mon, 05/11/2015 - 17:17 | 6082553 espirit
espirit's picture

Why can't we all go there (from the USSA) ?

Sounds like a sweet deal.

Mon, 05/11/2015 - 13:56 | 6081629 Fun Facts
Fun Facts's picture

The New World Order is the Zionist World Order commanding the western world army of ZATO.

Mon, 05/11/2015 - 13:55 | 6081625 PleasedToMeatYou
PleasedToMeatYou's picture

What kind of Dr. is Marc Faber? 

Mon, 05/11/2015 - 17:41 | 6082644 angel_of_joy
angel_of_joy's picture

A "House" kind, but in economics...

Mon, 05/11/2015 - 15:01 | 6081962 August
August's picture

Econ.

Mon, 05/11/2015 - 19:59 | 6083051 TeethVillage88s
TeethVillage88s's picture

Here again we touch on defining what Economic Model UK is using, with $2 Trillion in Capitalization is the Leader in Europe, but it's Economic Performance is meager. It doesn't invest Domestically in Capital Equipment or Capital Facilities and feels no Duty to control investment nor what Bankers do with money created. UK Government of Lords and Commons act like they are all Lords who are not Inclined toward creating a Jobs Environment.

"Britain is no longer an empire - it’s a degenerated country….Britain is a great country but economically it’s completely meaningless."

- Dr. Faber seems to Agree with me.

And I point this out as the USA is in the Same boat. USA is capitalized to about $18 Trillion if I remember the ZH article this weekend correctly. And yet there is a liquidity Crisis in the USA, investors don't chose to invest in Capital Equipment or Capital Facilities since we have Free Trade and the Jobs are Exported and products are imported under this British Trading Model combined with the London Financial Model.

No need for Consumers or Jobs... but this means loss of Revolving Credit in the Economy, Loss of Consumption, Loss of Tax Revenues, loss of Middle Class Investors in 401Ks. Doesn't matter if the Housing Bubbles lead to higher expenses in Bank Fees, Higher Property Taxes, Higher Home Insurance Payments, and Higher Dwelling Prices.

---------------------------------------------------
- Brain Dead Politic JOINS Brain Dead Banking -
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Apparently with this English Trade Economic Model "Free Trade" there is no planning on who will pay for Infrastructure or make up for Demographics Trend problems or how the Economy can expand with shrinking Middle Class.

Marc Faber is Bearish since he sees the Terrible, Irresponsible Lack of Leadership and Planning. The Bankers are as Dumb as the Elected Officials.

- Trend is clear smart people move out of USA and UK.

Mon, 05/11/2015 - 13:54 | 6081614 large_wooden_badger
large_wooden_badger's picture

Kalamata olives are a bit strong tasting but who doesn't like feta cheese?

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