Thursday, July 21, 2011

Marc Faber : Easy monetary policies create greed and bubbles

Marc Faber : ...well basically easy monetary policies create greed and bubbles , and one of the symptoms of bubbles and manias , investors manias is always the proliferation of Fraud , Embezzlement and dishonest practices , we have also in the US , I mean basically I would say Fannie Mae and Freddie Mac were a complete fraud but of course the government will never admit that , I think the US government is a complete fraud with the exception of some decent but by in large it is a fraud it is a Ponzi scheme , - in the FSN interview

Marc Faber : I feel sorry for Mr Bernanke , academically he knows everything but he has no clue about the real world

Marc Faber : we can drop as many dollar bills on the United States , but we do not know where the money will flow to , it flowed into the NASDAQ until March 2000 then it flowed into the housing market until 2006 , 2007 but basically where economic activity was occurring and boosted was outside the US , and the more the US will print money the more in my opinion the dollar will depreciate against some currencies may be not all because say the Euro is certainly not more desirable than the US dollar , it will continue to depreciate against currencies like Gold Silver Platinum and probably Palladium , I mean I feel sorry for Mr Bernanke , because he really does not get it , he does not understand , he is a typical academic , you know a typical academic is a professor in medicine that knows everything about how a patient become sick but does not know how to cut something like a butcher and therefore can't operate on a patient , Mr Bernanke academically he knows everything but he has no clue about the real world no clue whatsoever- in Financial Sense Newshour Inreview 15 July 2011

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.