Showing posts with label Marc Faber. Show all posts
Showing posts with label Marc Faber. Show all posts
Friday, March 14, 2014
Monday, October 28, 2013
Tuesday, April 3, 2012
Marc Faber: Massive Wealth Destruction
Marc Faber says the question is not, where can I get the best return on my investment, but rather, where will I loose the least? He says depressed real estate assets in the South like Georgia and Florida will stabilize and that everyone should own some gold. LINK...
Saturday, March 17, 2012
Marc Faber Says EVERYONE Should Own Some Precious Metals For Insurance
Chris Martenson interviews Marc Faber: LINK
www.chrismartenson.com
www.gloomboomdoom.com
Key Points:
www.chrismartenson.com
www.gloomboomdoom.com
Key Points:
- Keep your gold and silver in private vaults.
- Look at gold and silver as your insurance.
- The FED will continue to print money.
- Precious Metals are still undervalued.
Wednesday, September 14, 2011
Friday, August 5, 2011
Dollar's Reserve Status Waning, U.S. Treasury Borrowing Committee Says
By Liz Capo McCormick - Aug 3, 2011 1:33 PM ET
“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.” LINK...
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No viable alternatives to the USD???
SHHHHH...I'll let you in on a little secret, GOLD has been the hidden world's reserve currency for thousands of years, and it really still is, but don't tell anyone. Just give me a call and I'll get some for you. BK
“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of the presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.” LINK...
**************************************
No viable alternatives to the USD???
SHHHHH...I'll let you in on a little secret, GOLD has been the hidden world's reserve currency for thousands of years, and it really still is, but don't tell anyone. Just give me a call and I'll get some for you. BK
Friday, July 29, 2011
Times Redux
From a client who would make a great writer:
Times Redux
Something I'd written earlier, perhaps in another lifetime--they seem to pass by so swiftly. Perhaps apropos to the madness that confronts the sane:
I've had much time lately to think, slicing and dicing the economy, watching the latest movement of this financial index or that, trying to find the meaning within the meaning of words uttered by too many CNBC liars who utter words which purposefully have no meaning--which hence become so meaningful.
The news, when not so blatantly manipulated, comes across as drab and dreary as the dusty shuffle of soldiers in defeat.
We try to find our economic heroes--our doctors of digits and decimals who can rearrange the numbers and orchestrate a cure, stamp out the sickness with spitting needles that pierce a body too sick to move after a binge of greed and over-consumption--but there seems to be a glut of experts, all prescribing pills of different sizes, shapes and colors. I have to escape it all sometimes.
Recently, I took a walk with some new friends along the Detroit River, on Riverside. Horses and apples. Marble and metal. Plants that can spell. It was fun, and kind of sad, too: We're getting older, we understand what's happening around us.
We paused at the rail, looking across the river at Detroit, it's shining cityscape hiding the rot that eats it from inside.
An old man was there, not part of our crowd. No one paid much attention to him. He sat alone on a bench, muttering quietly to himself, watching the river as it flowed serenely toward Lake Erie. His clothes were dark and heavy, ripped and soiled. He looked to be in his mid-sixties, with a lined and weathered face the color of old wood just before it turns grey.
Evening approached, and a comfortable lull had settled over our group. The old man was still there. Slowly, so as not to startle him, I walked to the bench and joined him. From where I sat three feet away his odor was strong, as if his armpit held the mystery of a mollusk dying on the sand.
Under his breath, I could hear his words. They were spoken in a low and gentle voice, almost melodious.
"Water sparkle, don't you know. I know the water. Everyday day it speak and shine. Jimmy know. Birds fly, and fishes crawl under the shine...June, December, all the same to the fishes." He fell silent, working his jaw as if chewing something.
"Is your name Jimmy?" I asked. He seemed not to hear me.
"People smile and cry like sun and rain," he said. "Damn angels don't care for Jimmy. Clouds fall and they all cry for Jimmy. I know. Jimmy know."
He turned and looked at me. I noticed his eyes. They were an almost feline blue, really that startling. Unreal. But he wasn't looking at me. He was looking way beyond me, at a universe with a population of one.
"Bird flap, then steal the fishes. Like little clocks."
He turned his gaze back to the river. I slowly rose and rejoined my friends.
I'm sure that Jimmy wasn't scared. Not anymore. Not like the people in Detroit. Not like me.
Detroit is where my sister lives. Professor at a Michigan University. Absolutely clueless. I've tried. The tenure teat is too strong. Obama will cure all which ails. So it goes.
My wife and I may be closer to making a move in the PM arena. Take care, and God bless you and yours.
--Anonymous Client
******************************************************
Rather poetic that GM headquarters is now downtown Detroit. BK
Times Redux
Something I'd written earlier, perhaps in another lifetime--they seem to pass by so swiftly. Perhaps apropos to the madness that confronts the sane:
I've had much time lately to think, slicing and dicing the economy, watching the latest movement of this financial index or that, trying to find the meaning within the meaning of words uttered by too many CNBC liars who utter words which purposefully have no meaning--which hence become so meaningful.
The news, when not so blatantly manipulated, comes across as drab and dreary as the dusty shuffle of soldiers in defeat.
We try to find our economic heroes--our doctors of digits and decimals who can rearrange the numbers and orchestrate a cure, stamp out the sickness with spitting needles that pierce a body too sick to move after a binge of greed and over-consumption--but there seems to be a glut of experts, all prescribing pills of different sizes, shapes and colors. I have to escape it all sometimes.
Recently, I took a walk with some new friends along the Detroit River, on Riverside. Horses and apples. Marble and metal. Plants that can spell. It was fun, and kind of sad, too: We're getting older, we understand what's happening around us.
We paused at the rail, looking across the river at Detroit, it's shining cityscape hiding the rot that eats it from inside.
An old man was there, not part of our crowd. No one paid much attention to him. He sat alone on a bench, muttering quietly to himself, watching the river as it flowed serenely toward Lake Erie. His clothes were dark and heavy, ripped and soiled. He looked to be in his mid-sixties, with a lined and weathered face the color of old wood just before it turns grey.
Evening approached, and a comfortable lull had settled over our group. The old man was still there. Slowly, so as not to startle him, I walked to the bench and joined him. From where I sat three feet away his odor was strong, as if his armpit held the mystery of a mollusk dying on the sand.
Under his breath, I could hear his words. They were spoken in a low and gentle voice, almost melodious.
"Water sparkle, don't you know. I know the water. Everyday day it speak and shine. Jimmy know. Birds fly, and fishes crawl under the shine...June, December, all the same to the fishes." He fell silent, working his jaw as if chewing something.
"Is your name Jimmy?" I asked. He seemed not to hear me.
"People smile and cry like sun and rain," he said. "Damn angels don't care for Jimmy. Clouds fall and they all cry for Jimmy. I know. Jimmy know."
He turned and looked at me. I noticed his eyes. They were an almost feline blue, really that startling. Unreal. But he wasn't looking at me. He was looking way beyond me, at a universe with a population of one.
"Bird flap, then steal the fishes. Like little clocks."
He turned his gaze back to the river. I slowly rose and rejoined my friends.
I'm sure that Jimmy wasn't scared. Not anymore. Not like the people in Detroit. Not like me.
Detroit is where my sister lives. Professor at a Michigan University. Absolutely clueless. I've tried. The tenure teat is too strong. Obama will cure all which ails. So it goes.
My wife and I may be closer to making a move in the PM arena. Take care, and God bless you and yours.
--Anonymous Client
******************************************************
Rather poetic that GM headquarters is now downtown Detroit. BK
Monday, July 25, 2011
Sunday, July 10, 2011
Inflation Buffalo Trap
Are these advisers not admitting that the government issued currency is not a good "store of value?" Are they not admitting that inflation is always present? Are they not admitting that they have NO confidence in the government to manage its finances? If your "balanced and diversified" portfolio is denominated in the currency of the realm, then you will ultimately perish aswell, because no matter what the "NOMINAL" performance of the stock market is-- it's always a function of a currency losing "REAL" value.
This is the illusion folks, because once a currency loses its function as a "store of value," it will also fail as a stable medium of exchange. As the currency shrinks in value, the cost of living explodes! Why? Because when the government has the power to create and issue money with no restrictions, inflation is never ending. To store REAL value, you want something that cannot easily be duplicated or created. Something that requires hard work, innovation and time to develop and distribute. Gold fits perfectly into this category and history is filled with evidence of this.
Is it any wonder why Gold has returned over 300% in the past ten years, while government debt has sky-rocketed out of control?
Don't let your fate be the same as the once popular American Buffalo, learn about protecting your wealth with assets of true value and historical significance. Gold and other precious metals are only one section of the many physical assets one can acquire to preserve their wealth. Education, critical thinking and an open mind are the keys to your financial future. Be PERSISTENT! BK
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