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Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)

 
Avian
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09/25/2009 11:13 AM
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Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
[link to www.huffingtonpost.com]

In this month's issue of The Gloom, Boom & Doom Report, Marc Faber issued one of the gloomiest, most depressing takes on the financial crisis and its impact. Faber said that the future, "will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society."

Keep in mind this is coming from a man who writes something called "The Gloom Boom & Doom Report." But Faber's analysis, however macabre, is widely followed. He upheld his prediction in an interview with Yahoo's Tech Ticker, arguing that, with the government's stimulus package, "the problems haven't been solved, but they've been postponed."

Faber added that he has a "high confidence prediction" that "total collapse will come." Yikes.

WATCH:



Read more at: [link to www.huffingtonpost.com]
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Avian (OP)

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09/25/2009 11:19 AM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
you guys think I invent this gloom and doom all by myself...LOL

get ready....
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Anonymous Coward
User ID: 774201
United States
09/25/2009 11:26 AM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
watch what?
Anonymous Coward
User ID: 468674
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09/25/2009 11:26 AM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
I think he is wrong about being bullish for the next 3 years and not fall apart until 2018 ...


.
Anonymous Coward
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09/25/2009 11:27 AM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
I think he is wrong about being bullish for the next 3 years and not fall apart until 2018 ...


.
 Quoting: Anonymous Coward 468674


The only thing to be bullish on is government employment and companies with government contracts.
Avian (OP)

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09/25/2009 11:51 AM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
bump for preperation of the masses
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Anonymous Coward
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United States
09/25/2009 12:08 PM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
Bullish for the next 3 years?
Anonymous Coward
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09/25/2009 12:15 PM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
bump for preperation of the masses
 Quoting: Avian

The masses are already dead ass broke from preparing for your last BS doom prediction.. I believe it was April 2009?
BadMoonRising

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09/25/2009 12:25 PM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
That's why WW3 is inevitable.
"What The HELL Is Going On?..."

[link to www.worldending2012.org]
Anonymous Coward
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09/25/2009 12:30 PM
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Re: Marc Faber: Capitalistic System Will Collapse, "Future Will Be A Total Disaster" (VIDEO)
you guys think I invent this gloom and doom all by myself...LOL

get ready....
 Quoting: Avian



Avian , you just DELAY THE DOOM FOR THE NEXT YEARS !!
WE WANT/NEED OUR DOOM IN OCTOBER !!
YOU PROMISED IT !!
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