Friday, February 5, 2010

America will go Bankrupt and will go to war Marc Faber from Moscow Russia

Marc Faber on US Bubble, 'worthless' dollar & Gold 'the Savior'

Marc Faber Says sure there are bubbles in China , but I prefer china's bubbles than the bubbles in the USA which will never going to be paid except with devalued dollars , "when i look at Obama Ben Bernanke and Gheithner one thing i will never do is to sell my Gold that's for sure " Faber says that sure we have corrections in the gold price , we already had 10% correction and we may have more corrections down the road , but at the speed the FED is printing money there is no other savior but GOLD....All the world will eventually go bankrupt except probably in the emerging economies......India Russia and China have no interests that the USA will succeed in Afghanistan so the war will go on and eventually will expand and when war breaks out the sky is the limit for commodity prices...we can go back to the gold standard but we have to revalue the gold price to something like one million dollar an ounce ...regarding oil Dr. Marc Faber says that to find a gallon of oil $50 dollars are needed , Faber pointed out that the gallon of oil is still a lot cheaper than a gallon of say Coca Cola , so which one is actually expensive and which one is cheap ?!?!
Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesn't give America much time before it goes bust.

America will go Bankrupt and will go to war Marc Faber from Moscow Russia

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Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.