BREAKING***MARC FABER SAYS ECONOMY WILL IMPLODE IN BETWEEN JAN-MAR!!!!!!!!!!! MUST SEE

Faber: Global Economy Imploding, Buy Gold

Tuesday, November 25, 2008 2:26 PM

By: Gene Koprowski Article Font Size



The global economy is "imploding" and central banks have "become asylums for economies that have gone insane," says noted contrarian investor and economist Marc Faber.


In an interview with Bloomberg TV, Faber said that investors need to act as their "own central banker" and invest in physical gold assets.


"Worldwide, governments are injecting liquidity and then everything goes up, and some things go up more than others," said Faber.


"You can trade this rally in ETFs, or physical commodities, or derivatives, but, at some point, from January to March, the global economy is imploding. There is not going to be a recovery despite the government intervention."


Faber, who heads his own firm, Marc Faber Ltd., said that international liquidity has to improve dramatically for the economies of the world to settle down.


Faber said he is not interested in industrial commodities because he thinks that capital spending will decline precipitously next year, reducing the need for commodities used in manufacturing.


Right now, he is buying only physical gold.


"I don't trust derivative products. I advise Americans to buy and hold gold assets outside of the United States," Faber warns.


Faber says he disagrees with a government proposal to help bolster banks with consumer debt problems. The bailout of Citigroup this week is a mistake that will only compound the problem and make economic recovery take longer, he said.


"Nobody has asked whether to do nothing would be the best option. Let Citigroup go bankrupt. It will be lost anyway. Let existing shareholders lose. The government could guarantee the depositors," Faber says.


Sen. James Inhofe (R-Okla.), in an article entitled, "Take it Back," wrote in the National Review this week that the greatest threat to the U.S. economy now is government intervention in the free economy.


"By far the greatest threat to economic growth and prosperity in the years to come is the extent to which the government has recently entangled itself in the marketplace," he writes.

This needs a pin!

americans are hoarding money and hybernating and tanking bank capitol ..all of which stops economies..redeposit funds go spend in your communities ....your own panic is sinking our economies ..stop your panic .get up and get out..and circulate funds at once..

PIN THIS

I heard him this morning on Bloomberg radio....we are only in the second inning of this crisis...hang on tight...its gonna get ugly!

Now this is some good ole fashioned GLP DOOOOOOOOOOOOM!!

Damn it - do I have to wait that long??

Doom is a carrot.

...and pin!

tanking bank capitol (sic)?

You whole damn paragraph is so full of errors I don't even know where to begin!

Crawl back in your whole and shut up.

[youtube]Legendary Investor Jim rogers on fbn 11/25/08

I mentioned this on an earlier thread... This is SERIOUS!

Thread: It's absolutely true about Silver, there is NONE to be had! Dealer paid me over spot today!

Faber has a very good track record. Jim Rogers who also has an outstanding track record last night said on Bloomberg that a "US Dollar devaluation" was coming.

stock on seeds people, food will be gone from markets when this happens.

[link to www.gloomboomdoom.com]

He says keep your Gold outside the US! WTF

[link to press.freelakotabank.com]

People of Lakota Launch Private Bank for Only Silver and Gold Currencies

Hill City, Lakota - November 24, 2008 - In a stunning development, the
Free & Independent People of Lakota announced today the introduction of
the world's first non-reserve, non-fractional bank that accepts only
silver and gold currencies for deposit.

"Today is a great day for us, a day that we begin to exercise our rights
as a sovereign people with strength and pride," comments Canupa Gluha
Mani, Tetuwan Council Judicial Member of the Cante Tenza "Strong Heart"
Warrior Society. Mani's 2500 member warrior society has contracted to
provide private security services for the Free Lakota Bank.

"We invite people of any creed, faith or heritage to unite in an effort to
reclaim control of wealth. It is our hope that other tribal nations and
American citizens recognize the importance of silver and gold as currency
and decide to mirror our system of honest trade." Mani, also known as
Duane Martin Sr, is a member of the delegation that declared Lakota
independence on December 17th, 2007.

The launch of the Free Lakota Bank is also an incredible victory for
StrikeForce Technologies, the access control experts providing depositor
Out-of-Band Authentication. As the Free Lakota Bank does not require a
name, photo identification or social security number to transact,
StrikeForce's technology met the challenge of limiting fraud without
requiring controversial biometric technology.

The People of Lakota invite depositors to establish accounts and invest in
the Free Lakota Bank's General Investment Fund, the fund it uses to
develop profitable free-market enterprise inside Lakota territory. Mani
comments that the nation despises donations and charity, and instead
insists instead on "earning our wealth by creating value for those that
place their faith and trust in our system."

The Free Lakota Bank issues an American Open Currency Standard Approved
currency, making it readily accepted for trade by over 10,000 merchants
and businesses across the continent.

For more information, visit the Free Lakota Bank website at [link to
press.freelakotabank.com]

Contact:
Canupa Gluha Mani
[email protected]
P.O. Box 512
Hill City, LK 57745
888.784.9996

Some where they have a computer running that track all of this and keeps track of all this.
Like they didn't know this would happen, HA!

Run it through the software first to see if you get the result you are looking for.
They knew.
Don't think for a minute they didn't know this meltdown wasn't going to happen.
They like meltdown, "meltdown good (he he he wink giggle)"

Double ditto and a means to defend/protect your gardens.
Plant two Gardens one for the idiots who didn't believe you and prepare and one for you. Sow your seeds to the Universe and the supreme intelligence will make sure you will have no greater burden then you can bear and no one will go hungry.

and solar panels...

Must see what? Link?

"buying only physical gold"

I make over 100K but live paycheck to paycheck.

Other than my car an house, I have zero debt -- but also am nil on savings (was unemployed for a few months and divorce with child support)...

However - where would I go to actually buy "physical gold"

(I live in the bay area)

and what do I expect to ACTUALLY pay.

There were postings about 10-25% premiums on gold prices ($~800)

WTF does one do if they actually want to leave the comfy-ness of the glow of my monitr and buy gold?

What the hell use is physical gold if it's in another country?
Hell I can't even take my gun there to protect it.

CNBC, that bastion of integrity disagrees:

Charts Predict: Dow 40% Rally to Start on Dec. 15

The Dow Industrial Average is poised for an extended bear-market rally that could see the index gain as much as 40 percent, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC. But don't buy until December 15, Jadeja warned.

"There's a very very very strong rally in the making and it's going to last all the way up into next year into the July period," Jadeja said.



[link to www.cnbc.com]