Anonymous Coward User ID: 781675 Canada 11/09/2011 12:41 AM Report Abusive Post Report Copyright Violation | Doom off for 5 or 10 years according to Marc Faber Lots of you schmoes won't get this but Faber is one savvy cookie, has been for decades and a voice of reason among the crazies Marc Faber: They Can Postpone the Endgame For Five or Ten Years November 8, 2011 Print Version By Mac Slavo SHTFplan.com Economist, global trend analyst and well know Doctor of Doom, Marc Faber, suggests that with so many monetary, fiscal and political variables at play, the end game of this crisis can be delayed for months or years to come. Faber, who has warned since before the 2008 crisis that entire nations would fail due to high debt levels, that hyperinflation is an inevitable outcome of the Fed’s accounting games, and that war will be the ultimate result, shares his views on CNBC: [Video Interview Below] I don’t know what other people think, but what I think will happen eventually – and there are so many contradictory statements coming out that nobody really knows – but eventually the same will happen as in the United States. The ECB (European Central Bank) will print money one way or the other. And, the debts that essentially should be written down to realistic value will continue to be carried on the books of banks at unrealistic values. So, the end crisis will be postponed until the sovereigns go bankrupt. … Before they go bankrupt they’ll print money. They’ll print endless money. As long as we have Ben Bernanke and Janet Yellin at the Fed they’ll print money and so they can postpone the end game endlessly…Endlessly not, but say for another five to ten years. Each money printing exercise brings about unintended consequences. These unintended consequences are partly higher inflation rates than had no money been printed. [ link to www.blacklistednews.com] |
2012
User ID: 4581566 United States 11/09/2011 12:44 AM Report Abusive Post Report Copyright Violation | Re: Doom off for 5 or 10 years according to Marc Faber Doom has already begun. |
Anonymous Coward User ID: 4511804 United States 11/09/2011 12:48 AM Report Abusive Post Report Copyright Violation | Re: Doom off for 5 or 10 years according to Marc Faber Doubt it. There are too many informed and angry people now everywhere. They overplayed their game of fraud and they know it. It ends badly for them and soon. |
Anonymous Coward User ID: 1454391 Philippines 11/09/2011 01:23 AM Report Abusive Post Report Copyright Violation | Re: Doom off for 5 or 10 years according to Marc Faber According to the article, it can take many years or only around a month. |
Inquiring Mind
User ID: 1435089 United States 11/09/2011 12:39 PM Report Abusive Post Report Copyright Violation | Re: Doom off for 5 or 10 years according to Marc Faber +5 and a Pin Suggest Inquiring Mind |
Anonymous Coward User ID: 743880 Canada 11/09/2011 06:14 PM Report Abusive Post Report Copyright Violation | Re: Doom off for 5 or 10 years according to Marc Faber +5 and a Pin Suggest
:pin:
Quoting: Inquiring Mind same here |