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The Future of your country?..ask and I will tell you,...
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[quote:Anonymous Coward 92877:MV8xMDgzMzRfNDI5MDM3NF81OUQyREVGNA==] I tend to believe so. Doom and gloom? Perhaps. Perhaps not. We all are free to listen to that wee small voice with-in. When your'e done listening please consider the posibility of obtaining a passport/s for you and yours. ---- http://www.abc.net.au/insidebusiness/content/2006/s1632456.htm ---- Snip. ALAN KOHLER: You've been reported as predicting that the price of gold will rise to $US6,000 per ounce. Is that correct - is that what you said? MARC FABER: What I said is that if Mr Bernanke prints money, it is entirely conceivable that the Dow Jones goes to 33,000 or 40,000 or 100,000 or 1 million. All I am saying is if the Dow Jones here goes up three times because of money printing by Mr Bernanke and we have examples in financial history where a central bank printed money and everything went up, but in this instance I think that gold would significantly outperform the Dow Jones. So if someone says to me the Dow will go to 33,000, I say yes, it's possible but it will decline against the price of gold which will go up to $US5,000, $US6,000 an ounce. ALAN KOHLER: Did you notice that Steven Roach, the chief economist of Morgan Stanley, who has been a bear for a very long time, seems to have changed his tune now, saying he's feeling better about the world than for a long time. Do you think that the fact that Steve Roach has kind of thrown in the towel is a sell signal or do you think he's onto something? MARC FABER: Well, Steve is a good friend of mine and he gave already a sell signal two years ago. He suddenly turned bullish about bonds and since then the bond market has been weak. And I agree with him that we are in a global boom but it doesn't change the fact that it is an imbalanced boom and it's driven largely by credit creation in the US, leading to overconsumption, leading to a growing trade deficit, current account deficit, the accumulation of reserves in Asia and a global boom. But it is nevertheless an imbalanced boom and one day there will be a problem, certainly with the US dollar. The US dollar is a doomed currency. Doomed? Doomed. Will be worthless. Actually each one of your listeners should buy one US Treasury bond and frame it - put it on the wall so they can show their grandchildren how the US dollar and how US dollar bonds became worthless as a result of monetary inflation. End Snip. Don't read this and weep. Read this and and act! [/quote]
Original Message
What will happen to your country the coming years? I have the power to see,
if you like to know. But a warning, for some the future is not so bright.
But if you wanna know, I Gaia Man will give you the answer.
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