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marcfaberblog uploaded a new video
(2 weeks ago)
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In one year, the...
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For the latest Marc Faber, go to http://MarcFaberB... -
In one year, the Chinese economy will perform poorly. That is, they will have a recession This could be a technical recession from a gross rate of say 10% per year to 3% per year, then it is a recession. You also shouldn't believe in the gross GDP that China reports. If you adjust for the real rate of inflation, then true growth is even slower.
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marcfaberblog uploaded a new video
(2 weeks ago)
For the latest Marc Faber, go to http://MarcFaberB... -
Japanese equitie...
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For the latest Marc Faber, go to http://MarcFaberB... -
Japanese equities are inexpensive, but they aren't going to run up right now. They will move sideways to down for a bit due to the correction in the global markets. But from a longer term perspective, if you had to choose between US, Europe, emerging market or Japanese equities, people should invest more in Japanese equities.
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marcfaberblog uploaded a new video
(2 weeks ago)
For the latest Marc Faber, go to http://MarcFaberB... -
It is true that ...
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For the latest Marc Faber, go to http://MarcFaberB... -
It is true that we are in a contest for the ugliest currency. But it isn't true that people are heavily positioned in Euros. Most well-to-do people around the world have at least 70% to 80% of their money in US Dollars. Occasionally the speculators may be weighted towards the Euro, but globally there is a huge overhang of US dollars globally. If these people could sell their dollars and move into something they believe in, then they would do it.
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marcfaberblog uploaded a new video
(2 weeks ago)
For the latest Marc Faber, go to http://MarcFaberB... -
It isn't going t...
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For the latest Marc Faber, go to http://MarcFaberB... -
It isn't going to be possible to reduce the deficit in the United States. If you want to cut the deficit significantly, unless you increase taxation meaningfully and reduce spending meaningfully. With the Democrats and Republicans in charge, the debt ceiling will be increased, and the deficit will remain at at least 1.5 trillion dollars for the foreseeable future.
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marcfaberblog uploaded a new video
(2 weeks ago)

For the latest Marc Faber, go to http://MarcFaberB... -
Marc Faber says ...
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For the latest Marc Faber, go to http://MarcFaberB... -
Marc Faber says that Ben Bernanke is a murderer of the middle class. Anyone who had a pension plan, a retirement plan, or any kind of savings, got wiped out by the low interest rates.
If you print money, everything will go up. It doesn't go into housing, because we have an over supply of housing. Instead, it goes into equities, and unfortunately for Mr. Bernanke, it goes into commodities. This is lifting the cost of living for the median household and the typical household in the United States. Mr. Bernanke is murdering the working class and the middle class.
It's a sad joke because the reason for the money printing was to re-inflate the housing bubble. But instead, we are seeing bubbles in food and energy. Their houses are going into negative equity, and they are paying more for food and energy. Bernanke is a fool.
In the absence of a gold standard, inflation is a means for the confiscation of wealth. Deficit spending is simply a scheme to confiscate wealth. All of this is sold as a charitable act to help the working class, but instead it is murdering them financially.
Greenspan said that we could create a Dollar standard to replace the gold standard that is as good as gold. But that is false. There is nothing as good as gold except for gold. When you give people like Greenspan or Bernanke the ability to loan money into existence, then they are nothing but counterfeiters.
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Best Regards, David.