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.
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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.