Sunday, July 18, 2010

Marc Faber warns about World War 3 - 14 july 2010

Marc Faber predict : perpetual depression , Inflation and then world scale war

This is an interview in french with radio host Jovanovic
Marc Faber : you should own farm land in order to stay clear in a case of war , because I believe that before the whole system collapses the governments will start inflating the money supply by printing more money until the situation is no longer sustainable , after that the government will start a war , the worse place to be in such a case would be a financial center City , this way the government will turn the attention of its people towards a newly fabricated common enemy, another incentive for war would be the shortage in basic commodities ...

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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.