Marc Faber: "Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur"

Tyler Durden's picture

"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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Number 156's picture

That guy would make a great super villan in a James bond Movie.

"No Mr Bond, I expect you to Die!"


dlmaniac's picture

The little printer that could will be out next week to conquer the FIAT world.

Dan The Man's picture

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.


Spirit Of Truth's picture

Some other fine recent Bloomberg interviews:


VOICES OF WISDOM - U.S. Debt Crisis Is Contrived, James Grant Says - Video - Bloomberg  VOICES OF WISDOM - Investor Jim Rogers Holding Dollar, Euro, June 29 - Video - Bloomberg 


malikai's picture

<-- Transitory: BTFD.

<-- Run for the hills.


BloomTV is talking about gold right now. Mentioning "is gold too expensive?". LOL.

spiral_eyes's picture

‎"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"

Pay Day Today's picture

Hey can you still buy those little Italian FIATS? They might be going extinct soon...

BandGap's picture

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.

LeBalance's picture

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!"

Mugatu's picture

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!"

Doyle Hargraves's picture

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!

Cash_is_Trash's picture

What does BEP on the boxes mean?

Bureau of Extend and Pretend, perhapz

Doyle Hargraves's picture

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.

TwoShortPlanks's picture

It's time to pick your team chumps! No going back now.

Team 1
'The Lions':


Team 2
'The Sheeple':

See you all in the economic after-life!

LoneCapitalist's picture

As a michigan resident, Im conditioned to bet against the lions.

Sequitur's picture

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?

Peter_Griffin's picture

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.

malikai's picture

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!

FEDbuster's picture

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.

malikai's picture

Yea well it sounds to me like a dare. A double dog dare, actually.

topcallingtroll's picture

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.

michigan independant's picture

By now you must enough sheep in deep freeze. LOL


Hear, hear.  Michigan independant, I'll drink to that.  

A Man without Qualities's picture

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...

DosZap's picture

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.

chump666's picture

has faber seen EZ CDS speads?  there will be no snap back rally anytime soon, money printing or not, unless its a trillionxtrillion

topcallingtroll's picture

THAt doesnt preclude a brief counter trend rally.

chump666's picture

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

AngryGerman's picture

and they should feel scared. basics are broke. so printing money does not yield relief, but only postpones. retail is happy to be raped.

Bobbyrib's picture

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.

Doyle Hargraves's picture

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.

AssFire's picture

CIA= Cocaine Import Agency:

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.
unirealist's picture

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.



Zero Hero's picture

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.

Ratscam's picture

The most important thing is that:

Mark Faber has NO DEBT, not even a mortgage on any of his houses.

baby_BLYTHE's picture

He also said treasuries would rally around then, got that call right on as well.

Ghordius's picture

And he is telling everybody to buy a small amount of physical PM every month, regardless of the price.

Snidley Whipsnae's picture

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...

Central Bankster's picture

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.

DutchR's picture

One of The Bernank's ink cartridges washed ashore empty, so I guess he printed some QE3 paper allready:

falak pema's picture

A golden bear and a sooth sayer...Joseph Balsamo of the Wall Street ponzi. 

Hats off, and helmets on!

chump666's picture

i guess faber can't work out why investors are buying up usts

DosZap's picture


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.


IQ 145's picture

yes. 100%. It is truely amazing.

Gustave's picture

Seems like Mr. Faber tries to sell a szenario that is best for Gold.

Alex2245's picture

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!