This page has been archived and commenting is disabled.
Marc Faber: "Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur"
"The whole world is mad" - so says Marc Faber when beginning his latest observations of the markets in the attached Bloomberg TV interview. "Stocks will be dropping 30%, then rallying 20%, and dropping another 30% - that's going to be the pattern. And whoever can't live with that shouldn't be buying equities at all." And while the publisher of the Gloom, Boom & Doom report, said "there is a case to be ultrabearish about everything, and markets are going to go lower" he notes that markets are "extremely oversold" and he expects a "snap-back" rally in the U.S. Standard & Poor's 500 Index of about 40-50 points. That said, Faber sees no new highs in 2011. He concludes that he can already smell QE3, and that the "next week will be important to see if Bernanke is a true money printer or an amateur, and if he is a true money printer he will start printing soon." We are confident that gold can't wait to find out the answer.
- 28997 reads
- Printer-friendly version
- Send to friend
- advertisements -


That guy would make a great super villan in a James bond Movie.
"No Mr Bond, I expect you to Die!"
The little printer that could will be out next week to conquer the FIAT world.
I think Amerika should devalue the meter as well. Since Willis Tower in Chicago is now well back of the pack in building height, if they took the meter down to 2:1 they could regain some glory. Willis Tower is 527m, but could be 1054 if measured in Amerikan meters! Then it would easily surpass the Burj Khalifa at just 828m.
Some other fine recent Bloomberg interviews:
VOICES OF WISDOM - U.S. Debt Crisis Is Contrived, James Grant Says - Video - Bloomberg http://t.co/IwapQHs VOICES OF WISDOM - Investor Jim Rogers Holding Dollar, Euro, June 29 - Video - Bloomberg bloom.bg/iDPtUa<-- Transitory: BTFD.
<-- Run for the hills.
BloomTV is talking about gold right now. Mentioning "is gold too expensive?". LOL.
"friday, friday, market's going down on friday
everybody's looking forward to the weekend
friday, friday, going down on friday
everybody's looking forward to the weekend
partying partying (NO)
partying partying (NO)
not fun, not fun, not fun, not fun
looking forward to the weekend"
http://azizonomics.com/2011/08/05/black-friday-part-ii/
Hey can you still buy those little Italian FIATS? They might be going extinct soon...
Faber has always made sense to me. His background, direct approach and his sense of humor make him compelling. And he could as easily be Santa Claus in a European film about Christmas with that voice. He presents himself as if he has the world by the balls without being overly arrogant.
Mr. Bernanke is tied (lol) to the negotiating table.
"Mr. Faber, do you expect me to pay this debt?"
Marc Faber: "No, Mr. Bernanke, I expect you to print!"
.
He would also makes great Dr Evil on a Austin Powers movie:
"Could I got some laser beams on sharks - throw me a fricken bone!"
He can print as good as any of them, and he will. The takedown of BAC will be the catalyst for him to start the presses rolling non-stop 24/7! Helicopters are already loaded Bitchez!
http://www.chinook-helicopter.com/Unique_Loads/Tax_dollars_at_work_b_master.jpg
What does BEP on the boxes mean?
Bureau of Extend and Pretend, perhapz
Good one and probably true, it is bureau of counterfeiting, I mean Bureau of engraving and printing...this is some of the cash that was bribed , I mean lost in Iraq.
It's time to pick your team chumps! No going back now.
Team 1
'The Lions': http://www.youtube.com/watch?v=BGSlZGy3gpU&feature=pyv&ad=5684071546&kw=...
Versus
Team 2
'The Sheeple':http://www.youtube.com/watch?v=Ubsd-tWYmZw
See you all in the economic after-life!
As a michigan resident, Im conditioned to bet against the lions.
Anyone staying long utilities and large, blue-chip dividend-payers? Damage hasn't been as bad for them. If you are selling, where the hell can investors go besides metal? Credit union at 25 basis points?
You may want to invest in Obama's re-election campaign. I sold all my silver yesterday to invest in him. We won't ever have to pay for gas agian.
I'm with you. Obama 2012 baby! No more paying for rent, gas, or food.
That's the real reason that stuff isn't in the CPI - Obama will make it all free!
Hasten the Collapse, OBAMA 2012
and of course Marc Faber knows "the Bernank" is a professional.
Pump it Up!
Pump it up when you don't really need it.Pump it up until you can feel it.
http://www.youtube.com/watch?v=tpprOGsLWUo
Yea well it sounds to me like a dare. A double dog dare, actually.
http://www.youtube.com/watch?v=TswMeHnh2cA
I am mostly a speculator now, but averaging down into low beta plays makes a lot of sense to me. Dividends are almost starting to look good.
Dont use the taylor rule.
I am conservative and want dividends at their hundred year average before they truly excite me.
By now you must enough sheep in deep freeze. LOL
Hear, hear. Michigan independant, I'll drink to that.
Faber is right, people are panicking and they have gone mad, but the governments and central banks have been using the equity markets as a way of trying to convince a sceptical populous that the economy is getting better. Therefore, when this crutch is removed, there is not much to cling on to and people feel scared...
A Man without @ 04:07
IOW the .Goobers have been fooling(lying) and when the sheeple see the real economy and the truth, they are scared because they do not GET IT.
Well, they are going to get it...............and when they finally figure out what is going on, I fear for the country.
has faber seen EZ CDS speads? there will be no snap back rally anytime soon, money printing or not, unless its a trillionxtrillion
THAt doesnt preclude a brief counter trend rally.
we will see, a lot of bears got caught in 2009. but we got a debt contagion, maybe a slight rally. still short the nasdaq though. so far its all doomsday
and they should feel scared. basics are broke. so printing money does not yield relief, but only postpones. retail is happy to be raped.
Postponing the inevitable is enough for the douchebags running the US economy (Bernanke and big money). Price stability it would seem is about raising prices so that companies don't have to drop prices, but when wages don't keep pace with inflation all it does is make things worse.
The populace has every reason to be skeptical, especially when TPTB are telling you the sky is yellow when it is blue. The markets being propped up by ZIRP money printed and dropped from helicopters by a mad central banker who is only dropping the money on his pals at TBTF, there is no reason for anyone to trust in what is going on. Maybe people have wised up to the fed and their shenanigans, of course if that were the case Ron Paul would be +10-15 points ahead of the debt brotha right now in the polls, hopefully, the BAC crash that is coming will finally get the populace looking at alternatives to the current paradigm.
CIA= Cocaine Import Agency:
http://www.elpasotimes.com/ci_18608410?source=most_viewed
No one trusts the government and now you see the result: People removing their money from the market that is more of a rigged QE casino than a long term investment.
Too much is messed up and there is a definite lack of confidence. The banks were TBTF, but the nation is too corrupt to save (TCTS).
"Our government has not been warring on poverty; it has been creating poverty by attacking every value and every institution on which the generation of wealth depends. And with this, inevitably, it is corroding our liberty. Unless the lethal pattern is changed -- which means , unless the philosophy that shapes this pattern is changed -- this nation will be destroyed." --WILLIAM E. SIMON, former Secretary of the Treasury from 1974 to 1977.+1
TCTS! Good one.
My sense is that Faber is heavily and now uncomfortably invested in equities, and he's whistling past the graveyard.
The stock market is "oversold???" He's dreaming wishful dreams.
I doubt Faber is heavily invested in equities. Since about Februrary he's been predicting a drop in the S&P of at least 20%. So far he's been pretty accurate.
The most important thing is that:
Mark Faber has NO DEBT, not even a mortgage on any of his houses.
He also said treasuries would rally around then, got that call right on as well.
And he is telling everybody to buy a small amount of physical PM every month, regardless of the price.
In this interview at King World News on 27 July, 2011, Faber states 'I am invested 25% equities, 20% gold, etc...'
Of course Faber is a big believer in investing in emerging markets. Faber is also on Sprott's board of directors and invested in Sprott's various silver funds.
The full interview may be heard here... http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/26_Dr._Marc_Faber.html
Faber is heavily invested in equities? When for years he's been bearish on equities and saying buy gold? Yah, I'll have some of what you're smoking.
One of The Bernank's ink cartridges washed ashore empty, so I guess he printed some QE3 paper allready: http://farm3.static.flickr.com/2290/2147301542_80fe5b588f.jpg?v=0
A golden bear and a sooth sayer...Joseph Balsamo of the Wall Street ponzi.
Hats off, and helmets on!
i guess faber can't work out why investors are buying up usts
chump@04:32
The Faber has a right to wonder, I am in awe of the flight to stupidity,buying a rifle that fires back at your head instead of where you point it, makes no sense.Suicide by self..........Buy UST's & Bonds.
yes. 100%. It is truely amazing.
Long ink.
Seems like Mr. Faber tries to sell a szenario that is best for Gold.
Interesting alert from economic prism.
When The Voters Get WHACKED - Again
Horrible debt celing deal and then stock market crashes 500 points.. Thank you congress!
http://theintelhub.com/2011/08/05/economic-prism-when-the-voters-get-wha...
We need someone to remake the Michael Jackson song about his favourite rat.....
Ben, the two of us need look no more
We both found all the fiat we could hope for
With a friend to call my own
I'll never be alone
And you my friend will see
You've got a friend
Ben, you're always printing fiat here and there
(Here and there)
You feel you're fiat isn't wanted anywhere
(Anywhere)
............
I reckon markets have to levitate today, the question is whether they continue to levitate into Monday, unusual but possible...the debate is what the see-saw between the dollar and the euro will look like. Essentially, we already know that a weak dollar is policy - so foreign capital investment 'should' be on the basis of stable economy/stable, cheap currency. But that will happen the longer the FED DOES NOT PRINT QE3. Letting the markets slide and sending dollars to Euroland, is a great way to - eventually- make your friends very rich, which after all, is the name of the game. Meanwhile Euroland, finds unlimited reserves to buy the Euro, keep the markets up, while the actual small business credit collapses. Win-win for the Nazis.
Trade this - other than the weather - it doesn't have a snowball's chance in Hell of working out. Look at what Propaganda turned the US into- look at the state of the UK. Money, but all inflation-money..and without a hegemonic military to back it up!
So, the Dollar reverts to Reserve. That's the difference between American NAzi and EuroFanatic Nazi.
anyway, short-term, look for a coming weakness in US dollar, Europe can't really be expected to fail.
Nazi = National Socialist
The Nazis hate capitalism.
Gregor Strasser, National Socialist theologian, said: We National Socialists are enemies, deadly enemies, of the present capitalist system with its exploitation of the economically weak … and we are resolved under all circumstances to destroy this system.
Gold is READY!
Spot POG is up for the week by 1.46%. da Boyz didn't get their full take down yesterday. I have a target of $1658.87 as a major multiple year target and POG has been knocking at that door all week. At this hour, 5am NYT, it's made in the shade.
Let's see what happens at the std CRIMEX takedown at 8:30am. Will we see short covering or new shorts? Maybe new shorts and then old shorts covering. Could get real good-messy.
Where have Jim Rogers and James Grant been the last couple days? How's their bond bear market thesis playing out?
Not to mention Bill Gross.
I agree don't waste time listening to those idiots, I recomend Steve Liesmen, Jim Cramer, and Barton Biggs.
The world is mad. Thankfully Faber is emotionally squared away. Lmao. He is a sinister old coot.
Extremely oversold markets? WTF? I am trying to figure out just what the hell he is referring to. I have been thinking markets have been overbought for two years...with the only thing behaving somewhat rationally is the commodity complex. At least commodities have been somewhat priced based on rising inflation and devalued currencies.
actually think the market isn't doomy enough
and on the other channel so you don't focus too much on any one thing...
Clinton uses the 'fights on' rhetoric towards Syria's leader in saying " Assad Has Lost Legitimacy".
In addition, is this not a blatent warning of attack if Assad does not do what 'we' want?
http://www.bloomberg.com/news/2011-08-03/syrian-tanks-shell-city-of-hama...
Look in my eyes
what do you see
The cult of criminality
Like shalom bernanke and lil timmy
Ooooh Oooh
The cult of criminality
Good day to all :>)
indeed, in the words of Hugh Hendry
http://www.zerohedge.com/article/hugh-hendry-i-would-recommend-you-panic
Hugh Hendy got his clock cleaned shorting China. Have not heard from him in the media since.
Although Euro equities mkts are selling off they are down about half (percentage wise) of the US equities plunge seen yesterday.
PMs are showing extreme strength, and stability, considering what is occuring in equities around the world.
Gold/silver are truly acting as stable currencies so far... regardless of what Benny calls them. Every time PMs are sold off strong hands are stepping up and buying.
This is the trial for PMs that we have been waiting for... so far it doesn't look like a replay of 2008.
Be prepared for more bumpy rides ahead... and good luck to all of us.
Like Nazi Pelosi and Harry reid
Oh Oh Oh
Cult of criminality.......
Off to the slave labor camps..... bye
Another of these mouthy NWO guys. Blah blah blah, all talk no action.
For the moment downfall has stopped. But just wait until one of the idiots gows back on TV, telling how irrational the market is and that everything is all pink and flowers. Sarkozy most likely is blowing Merkel right now to convince her that La France is an economy superbe...
Even although they might be able to save the Euro this time again (by printing money), just wait until next round of elections. Anyone thinks that austerity packages will stand up to the anger of voters? Whoever is in opposition just have to say that cuts are wrong, and they will get voted in. And then they have two choices: Either drop austerity (-> bye bye euro) or betray voters (-> hello riots).
sarkozy is blowing merkle?
hmmm, well... maybe.
i always wondered.
liquidity has evaporated and fed and ecb will try to do something to prop up this market heading to the weekend
yawwwwwwn, Oh I'm sorry you were a market analyst, ...I forgot you were there.
You may put that shotgun down. "Just put it down." That's right.
Wyatt. We were saying....
yawwwwwwn, Oh I'm sorry you were a market analyst, ...I forgot you were there.
You may put that shotgun down. "Just put it down." That's right.
Wyatt. We were saying....
econo-parody song;Bearish
http://www.youtube.com/watch?v=37pal-PYTUQ
...his Nazi sounding accent kills me. lol
http://www.youtube.com/watch?v=WNFU62GH_IQ
great guy. and yah, I know he's not really a Nazi. lol
It's killing me that when he finally has the chance to sink the knife into the the back of the Bernankenstein, he balks.
Fucking coward.
Sounds like someone else I know *cough* Ron Paul *cough*
Smart money always comes in on these down times, novices flee - 'oh! I must buy gold!' The super rich don't buy dips, they wait for the bottoms, shorting all the way. You don't get to be in the elite 0.01% class following the herd.
OMG! Obama wants to give MORE money to the lazy unemployed! Effing socialist pig! Surely nobody will go for this handout.
http://www.businessweek.com/ap/financialnews/D9OTMLS82.htm
Sounds like he his rooting for BerNankenfranke.
Uhm yeah. The world is mad. But the world has ALWAYS been mad.
When has the world NOT been mad?
God I hate Bubblevision.
If God is listening. I will volunteer to torture these CNBC assholes in the afterlife, ...if the position is open.
Interesting that the daemon would come along and -1 all my posts. YOU, daemon, are so transparent. And you, daemon, and YOUR KIND, will be destroyed. Utterly. You think God is not watching?
Interesting that the daemon would come along and -1 all my posts. YOU, daemon, are so transparent. And you, daemon, and YOUR KIND, will be destroyed. Utterly. You think God is not watching?
I could bitch slap this mealy mouthed SOB.
which way is up?
http://www.youtube.com/watch?v=bvYDQBIokz0&feature=related
hank sr
"The technical damage has ocurred"
Yes. We can have a "snap back" rally.
You are right Mr. Faber. What you fail to take into account is that the WHOLE SYSTEM IS BROKEN.
If you factored that into your bland, tame, blameless analysis you would see...
The entire western system is coming down...
Yeah.
You obviously haven't aren't familiar with his work. He has been spot on from the beginning. Maybe you should compare your net worth statement. See who has a real clue on how to make money. I'd prefer his analysis over some anonymous troll.
I beg to differ, sir. The fact is I've been listening to Mr Faber for years. I greatly respect his opnion. I used to be one of his biggest fans in fact. I looked forward to his contribution to the contrarian views in the Annual Forbes Round Table (before the Satanist Rupert Murdoch bought the paper). So, I am VERY familiar with his work. That is not the issue.
Then you know that he has said from the beginning .... "we will print and print and print. Then we will have hyperinflation and we will go to war"
There will be no hyperinflation. The rest of the world is just as fucked as we are, if not more so, and due to global wage arbitrage there can be NO mechanism for passing that increase into wages here. We stagflate and die a slow death with stagnant wages, high UE and high commodity prices.
As an aside, WTF is with the server(s) here lately? Either make the hedge a pay site or shut it the F down and upgrade it. You guys are big leagues now so start upgrading your backend 486 to something more powerful because this is getting ridiculous.
what system. surely not yours? it is not of YOU. YOU are fine. are YOU okay? well then.
YA know? just a theory.
Like no-one has seen it coming. Monetary expansion and market efficiency, go suck it up. All academics should be fired for teaching this crap for the last 60 years. and nobel price winners: let them keep it, it's not a real one anyway.
great. just what the bernanke needs - a challenge.
Bernanke an amatuer? What? Like the Money Printer Next Door?
Nah, he is a seasoned professional. It is a natural reflex now. He doesn't even think about it anymore.
the only markets that will be "oversold" will be the supermarkets......prepare.......
Having transferred much of the losses from private balance sheets to public ones, the problem to be dealt with this time is an order of magnitude larger and vastly more complex (intertwined). To get a visual on what the Fed/ECB face, imagine they are facing the imminent failure of Hoover dam. These guys are standing in the valley immediately below the dam armed with....buckets (or more aptly, a garden hose--since their solution to a wave of defaults is....why, liquidity of course). In any event, the tsunami of bad debts will simply overwhelm their Lilliputian efforts. To concretize this analogy, US banks hold reserves of $1.5ish trillion. Total US debt (of all stripes, but ex most derivatives) exceeds $52 trillion. Even a mild destruction of part of that $52 trillion ball, easily swamps the cash position of the banking system. Good luck w/that, Mr. B.
Faber was on CNBS and Steve LIEman broke out the END OF THE WORLD card. LOL, no not the end of the world, just the end of the Zombies Banksters World.
.
Farber is a little all over tha map in this interview. Markets "oversold"? Maybe he meant overbought, with QE2?
Upshot is that markets are finally unraveling without the QE to prop them up, and speculation and action of more QE will gyrate them to do crazy things here. Somebody made a good point yesterday that anticipation of QE3 is the only thing that has kept the markets from tumbling sooner. Markets traded in fiat remain doubly unstable and still spiraling downward in real terms.
PM's are still the go to asset and gold is looking like the champ. Bernanke wants to be seen as the reluctant amateur who prints because he has to, not because he likes it.
Overbought with QE2 sounds better.
Are the markets finally unravelling without the QE prop? Yes, but it really should have happened earlier. I haven't paid much attention to the POMO schedule lately, but I remember that I expected to be going through this drop in July, not now. This seems to me to be a manipulation to justify QEiii, which almost everyone on ZH predicted. We said it had to come, and now it has. Remember all the strategies for PMs in late June based on a big fall in July? Most reckoned the price of gold would drop with the Dow and make a buying opportunity, so urged others to sell their gold holdings to buy back later, whilst some advocated (me) buying more and waiting because perhaps gold prices would not drop with the rest of the markets this time in contradiction to historical data.
Well, we're watching it happening, and gold is rising in the opposite direction to the markets. I don't care that I was right, I was really hoping for a cheap PM buying opportunity, but it looks like I will get an "expensive" (Irony - ok?) buying opportunity instead. :).
I think you're right about anticipation, but once again, we all know it will be fulfilled. The question is, is Bernanke going to eke it out to steadily climb for the 2012 elections with one last ejaculation to make it look all rosy for the president, or is he going to go full out mental with the printer to end 2011 with record highs? What the real world will make of this, I can only guess but it isn't looking good for world peace.
"he can already smell QE3"
No, that's the mustard on his tie from lunch at Der Wienerschnitzel.
YOU
ARE
PERFECT ION
SYSTEM
DOES NT
EXIST
WITH OUT
YOU
DIVINE CREATION BEING
BE ING BE ING BE ING
YOU
I think this is it. There will be no QE3. They are going to let this thing fall apart - everywhere. If it were otherwise, we would have seen the POTUS on the boob tube by now, calming the masses with empty rhetoric. They will do nothing. PPT maybe, but that will be the full extent of any serious intervention in this clusterfuck.
Disobey.
Unlikely. <1% that there will be no QEiii this year. Look at the markets right now: A 1% rise on the crappy employment data, because it wasn't as crappy as predicted. The Dow probably ending the day in the green. It's the silly season, isn't it?
The politicians will NOT start doing something, anything - but will stand around doing nothing, while everything unravels.
Yeah, sounds like what real life experience taught us. /sarc
SP500 bounce is possible from current oversold levels due to Thursday sell off.
http://stockmarket618.wordpress.com
+2011 (per oz)
It takes rehersal time, speech writing, clothing design and voice coaching before our great savior will arrive on the boob tube. Nothing but money printing and market movements happen overnight.
I'll bet Marc Faber shares Monedas' revulsion towards poor people ? There are studies that confirm poor people tend to sing off key ! Monedas 2011 Lions in cages, people in "camps", Zebras and Wildebeasts in packing houses and plow the plains of east Afrika !
L.O.L. , luv Dr. Faber. maybe i'm also going mad ........... this whole situation is now a laugh a minute. & to think i used to be a hand-wringing worrying person ! not anymore, i've given up all cares & hope. REMEMBER WHAT WOODY ALLEN SAID, " I FELT BETTER WHEN I GAVE UP ALL HOPE ! "
Want to know what the federal reserve is all about
Congressman Louis T. Mcfadden speech 7-8-1934
http://www.afn.org/~govern/mcfadden.html
Agreed. This guy sees the real long term problem for the markets. It’s not the level, it’s the volatility that will scare true investors away. I still think Warren Buffett summarized it best: “95% of all people in the stock market shouldn’t be there”.
Somebody ought to tell old Warren that 70% of all the people in the stock maket ain't human.
In Bartertown, electricity, vehicles, functioning technology are made possible by a crude methane refinery, fueled by FIAT feces RUN BY MASTER OBAMA AND BLASTER BERNANKE
burger meister, meister-burger!
Faber's key statement:
"Stocks will be dropping 30%, then rallying 20%, and dropping another 30% - that's going to be the pattern. And whoever can't live with that shouldn't be buying equities at all."
I jumped ship on the bounce this morning. I agree with Faber.
Wholesale Mp3
Wholesale Glasses
Wholesale Mobile Phone
Money Clip
Silicone Products
Pet Supplies
Wholesale Mirror
Wholesale Vase
Promotional Gifts
Baby Products Suppliers
Wholesale Cooler
Wholesale Cooler
Wholesale Cooler
Automotive Products
Wholesale Carabiner
Poncho Raincoat
Wholesale Coaster
Vocal Concert Products
Wholesale Racks
Wholesale Apron
Wholesale Jewelry
Fishing Supplies
Wholesale Binoculars
Wholesale USB Flash Drive
Beauty Equipment
Wholesale Belt
Wholesale Tie
Wholesale Mug
Wholesale Clocks
Lunch Box
Bottle Opener
Baby Products Suppliers
Promotional Items
Wholesale Kitchenware
Wholesale Mat
Cleaner Products
Wholesale Keychain
Wholesale Scarf
Wholesale iPod iPhone
World Cup Products
Promotional Gifts
Wholesale Gift Bags
Entertainment Supplies
Wholesale Dartboard
Wholesale Dartboard
People without the proper financial knowledge and stock market experience should not jump into it right now. Even seasoned veterans of the stock market are finding it hard to predict trends correctly. The average citizen should focus on accumulating wealth and improving personal risk management.