Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero"

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Thu, 12/22/2011 - 07:00 | 2003674 floridasandy
floridasandy's picture

sounds like a totally idiotic strategy in a meltdown.

Wed, 12/21/2011 - 17:20 | 2002329 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

On a long enough timeline the survival rate for derivativs drops to zero

Wed, 12/21/2011 - 17:18 | 2002315 chunga
chunga's picture

Carl Orff's ~ O Fortuna sounds great in the background.

Drowns out the war-drums a little. There still there ya just can't hear 'em.


Wed, 12/21/2011 - 18:12 | 2002536 blu
blu's picture

Nice choice. That might be the theme music for the age, I'm afraid.

Wed, 12/21/2011 - 17:20 | 2002327 bank guy in Brussels
bank guy in Brussels's picture

Here is the YouTube version of the above Mark Faber video, here in Europe it plays better than the version at the above link:

Marc Faber Predictions for 2012. 'They're gonna print money'

Wed, 12/21/2011 - 17:35 | 2002387 Manthong
Manthong's picture

+1 ..  First thing I did when the clip started buffering excessively was seek out the original.

Wed, 12/21/2011 - 17:09 | 2002278 Turd Ferguson
Turd Ferguson's picture

I'd like to see Faber vs Roubini in a full-on, MMA-style cage match.
Preferably, to the death.

Wed, 12/21/2011 - 17:12 | 2002288 WhiteNight123129
WhiteNight123129's picture

of Roubini.


Wed, 12/21/2011 - 17:15 | 2002299 Turd Ferguson
Turd Ferguson's picture

Yes. I'm assuming that Faber would beat the living daylights out of him.

Wed, 12/21/2011 - 17:21 | 2002333 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1, + 1, + 1

Visualizing Roubini getting his butt kicked by Faber...

Wed, 12/21/2011 - 17:51 | 2002453 Cyrano de Bivouac
Cyrano de Bivouac's picture

How about a Battle Royale with- Roubini, Faber, Celente, AEP, Reggie Middleton, Bruce Krasting, and Mohamed El-Erian.

Wed, 12/21/2011 - 17:56 | 2002473 brew
brew's picture

el-erian would fight like a girl...

Wed, 12/21/2011 - 18:43 | 2002685 billhilly
billhilly's picture

If Celente is in the cage then we MUST have Jon Corzine in there too. Wheeee !

Wed, 12/21/2011 - 22:56 | 2003264 eatthebanksters
eatthebanksters's picture

Corzine would just turn around, bend over and grab his ankles...

Thu, 12/22/2011 - 01:42 | 2003541 ForTheWorld
ForTheWorld's picture

Middleton clearly has a reach advantage.

Wed, 12/21/2011 - 17:23 | 2002350 TruthInSunshine
TruthInSunshine's picture

Roubini would lose, and go home crying, weeping and cuddling up next to his vagina-shaped indentations on his apartment wall -

Nouriel Roubini's Wall Vaginas Revealed


Soooooomeone has mommy issues --- Nouriel!

Wed, 12/21/2011 - 18:04 | 2002511 Conax
Conax's picture


Awesome link, you guys got to see this. Some are missionary and some are doggy-style.

That dude is weird.

Wed, 12/21/2011 - 19:22 | 2002805 gmrpeabody
gmrpeabody's picture

Did somebody say dog...

Wed, 12/21/2011 - 23:14 | 2003302 SilverDOG
SilverDOG's picture

Woof, I think so.  - scooby doo voice.


Wed, 12/21/2011 - 20:05 | 2002933 delacroix
delacroix's picture

douchebags, and vaginas go together

Thu, 12/22/2011 - 01:31 | 2003528 natty light
natty light's picture

V shaped recovery?

Wed, 12/21/2011 - 19:07 | 2002762 pine_marten
pine_marten's picture

"sewed together dope bag sculpture"  Wonder what he paid for that?  More interesting than the tacos.........

Wed, 12/21/2011 - 19:14 | 2002793 FranSix
FranSix's picture

Talking about vulvas, Dr. Faber is a little cowed by the smokin blonde, and she's really grossed out about him.

Wed, 12/21/2011 - 19:50 | 2002879 Jay Gould Esq.
Jay Gould Esq.'s picture

Plaster poons...Roubini is a stone cold freak. This guy is starting to call to mind one of Dr. Lecter's patients, replete with ceiling sling and poppers.

Wed, 12/21/2011 - 21:07 | 2003059 nmewn
nmewn's picture


Vulvas of Doom!!!...oh man I

Wed, 12/21/2011 - 22:58 | 2003269 eatthebanksters
eatthebanksters's picture

Wasn't than a 'Conan the Destroyer' character?

Tue, 12/27/2011 - 16:31 | 2014528 Thulsa Doom
Thulsa Doom's picture

No, that's me. Snake-cult-orgies are my thing.

Wed, 12/21/2011 - 17:14 | 2002294 NotApplicable
NotApplicable's picture

Double-billed with Celente vs. Corzine.

Problem is, how do you go about keeping Roubini and Corzine from cheating?

Wed, 12/21/2011 - 17:18 | 2002317 brew
brew's picture

celente is so mad he'd rip off his head and shit down his neck...

Wed, 12/21/2011 - 17:25 | 2002356 Triple A
Triple A's picture

I heard Celente knows some form of martial arts too, I think he has the advantage

Wed, 12/21/2011 - 17:37 | 2002401 TruthInSunshine
TruthInSunshine's picture

Marc Faber made Chuck Norris shave.

Wed, 12/21/2011 - 23:52 | 2003369 GMadScientist
GMadScientist's picture

...little chuck.

Wed, 12/21/2011 - 17:56 | 2002475 Papasmurf
Papasmurf's picture

Loser takes all battle.

Wed, 12/21/2011 - 17:20 | 2002328 scratch_en_sniff
scratch_en_sniff's picture

Faber used to do German porn flicks...not a lot of people know that. He was definitely in one i watched the other night, its either him or his brother, that ponytail was flailing around the screen like a mad stote.

Wed, 12/21/2011 - 17:22 | 2002343 the not so migh...
the not so mighty maximiza's picture


Wed, 12/21/2011 - 18:52 | 2002714 JoBob
JoBob's picture

No, it is "you're insane".

Wed, 12/21/2011 - 21:03 | 2003050 Banksters
Banksters's picture

Not necessarily.  


Oh yeah, why do I drive in a parkway but I park in a driveway?  This grammar shit is fucking my head up.



Wed, 12/21/2011 - 17:23 | 2002349 Let them eat iPads
Let them eat iPads's picture

Holy schiesse.

Wed, 12/21/2011 - 17:26 | 2002360 LFMayor
LFMayor's picture

no... that's an entirely different video

Wed, 12/21/2011 - 22:59 | 2003276 eatthebanksters
eatthebanksters's picture


Wed, 12/21/2011 - 18:01 | 2002489 fuu
fuu's picture


Wed, 12/21/2011 - 18:15 | 2002506 Normalcy Bias
Normalcy Bias's picture

Long Sperma-Spritz-Spektakel Bitchez!

Wed, 12/21/2011 - 18:17 | 2002564 fuu
fuu's picture

I think Corzine should be the new Betty.

Wed, 12/21/2011 - 18:20 | 2002583 Normalcy Bias
Normalcy Bias's picture

Yes, if there is any justice left in this world...

Wed, 12/21/2011 - 21:16 | 2003080 nmewn
nmewn's picture

From vulvas to pony tails in the blink of an eye...taint nuthin to it.

Only on

Wed, 12/21/2011 - 23:21 | 2003320 TheFourthStooge-ing
TheFourthStooge-ing's picture

scratch_en_sniff geschriebt:

Faber used to do German porn flicks...not a lot of people know that.

Faber was the original Master Costello.


Thu, 12/22/2011 - 03:22 | 2003609 TruthInSunshine
TruthInSunshine's picture

Faber is known around Europe as Ze Swiss Hedgehog.

Wed, 12/21/2011 - 17:22 | 2002338 Toxicosis
Toxicosis's picture

Yep, I'd pay a one ounce silver maple to watch Faber destroy Roubini.  But Faber's fear that governments of the world will be able to call on everybody to give up their gold is quite a stretch as far as I see it.  With everything happening in the world, what with resource wars and rampant corruption, I fail to see that centralized government will be able to maintain itself as the chaos ensues and becomes widespread.  I mean it's not as if the cops or the military are going to be paid or anything of that nature, and their just as liable to say fuck it and fend for themselves.  With the number of narcissists, sociopaths, and psychopaths running around out there, I sincerely doubt that central control is going to run the show anymore.  When this goes to where I'm thinking it's going to go, it'll become a free for all, cause nobody at the top or bottom recognizes any sort of civil authority, and few people will be left to maintain order in their own damn lives.  As far as the future is concerned you're either a contributor or fodder.  Gold and silver will act again as a form of barter or monetary exchange, cause I can't see the stomach of the people out there giving a shit about some bureaucrat running the show again.  Just my two cents that's all.

Wed, 12/21/2011 - 18:01 | 2002490 MrBoompi
MrBoompi's picture

The US successfully confiscated gold before.  Maybe they didn't get all of it, but they DIDN'T NEED TO GET ALL OF IT.

And they know they can just as easily do the same thing today.  The price of gold can't be suppressed forever, regardless of what Jamie Dimon thinks.  But if the price needs to go up to, say, $20,000/oz for "whatever reason", you don't think they would let peons like us see those gains do you?



Wed, 12/21/2011 - 18:59 | 2002735 Anton LaVey
Anton LaVey's picture

And why not?

Here is a thought experiment for ya: one (1) US$ 20 gold coin is almost... one troy ounce in weight.

By your calculation, that would mean that one (1) US$ 20 coin would be worth US$ 20,000.

Now, here is my question: how hard is it to hide one freaking gold coin. Let me rephrase that: ONE FREAKING GOLD COIN!! Have you even seen a US$20 Gold Eagle. Very pretty coin. Surprisingly small. According to your calculations, 50 of those coins would be worth a tidy US$ 1 million - and they would still be very easy to hide.

Can you see the problem now? ''They'' (for different values of ''They'') can't seize all the freaking coins in the US of A. When all it takes is a garden, a shovel and a plastic box to safeguard enough coins to make a killing, you can bet a lot and a lot of people are going to start digging, pronto, if they haven't done so already. Confiscation of every Gold coin is simply impossible - which is why they are AFRAID of gold!

Now, on the other hand, they could forbid the buying and selling of Gold coins. OK, I'll buy that. But then again, all it takes is a car, and a trip to Canada, and I am sure you'll find plenty of people up north who are ready to give you (a lot of) pretty little bits of paper for your one single coin.

And if Gold gets anywhere near the price you mention, you can bet your northern neighbors will line up around the block for a chance to buy your single gold coin. Again, how hard is it to hide a single - heck, a dozen - gold coin(s) in a whole FREAKING car made of metal? What are they going to, use X-Ray machines on your car? Good luck with that. Send sniffing dogs to pick out the smell of ... Gold? Yeah, right. Now, you see where this is going: forbid sales of Gold coins for the price you mention and a lot of people are going to ''travel'' up north once in a while. Quebec City is sooooooo nice this time of year, you know, eh?

Forbidden in Canada? What about Mexico? Slightly more dangerous, what with all the drug cartels and all that, but still possible. And let me tell you something: if they forbid buying and selling one single coin, you can bet the black market will price the coins accordingly... US$ 200,000 per one-ounce coin? Bah, humbug, 2 million bucks a coin would be more like it.

Now, can you finally understand why (a) they are afraid of Gold and (b) why it is still the best wealth insurance money can buy?

And, by the way, in the 1930s, the G-Men opened bank safes to seize the gold coins inside. With the current (zombie) state of most banks and slight problems like MF Global, what is your Gold doing in a safe anyway?

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