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Marc Faber: "I Think We Are All Doomed"

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User ID: 1134640
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02/27/2011 03:07 PM

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Marc Faber: "I Think We Are All Doomed"
Marc Faber: "I Think We Are All Doomed"
Submitted by Tyler Durden on 02/27/2011 14:31 -0500

Capital Markets Germany Marc Faber Precious Metals Real estate Stagflation

All who enjoy hearing a meaty Marc Faber fire and brimstone sermon, that cuts through the bullshit, will be happy to know that the Gloom, Boom and Doom author conducted a 40 minute interview with the McAlvany Financial Group, which covers all the usual suspects: gold, silver, precious and industrial metals, the "crack up boom", the future of the Ponzi and capital markets in general and much more. Of course, it wouldn't be a Faber interview without the requisite soundbite:

"I think we are all doomed. I think what will happen is that we are in the midst of a kind of a crack-up boom that is not sustainable, that eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole, derivatives, the market, and everything will collapse, and like a computer when it crashes, you will have to reboot it."

Of course, on a long enough timeline...

rest :

[link to www.zerohedge.com]
Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind.


User ID: 1267479
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02/27/2011 03:09 PM
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Re: Marc Faber: "I Think We Are All Doomed"
Sounds like that pretty much sums it up. No country ever spent themselves out of debt.