Tuesday, December 9, 2014
Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber
MARC FABER interview The Bubble Raw footage
Actual debt is much, much higher when you take into account welfare programs that is another 27 trillion. Then take into account petroleum dollar debt, and other things and we are looking at like 80 something trillion in actual debt over 500% of GDP.And for all those hollering no more bail outs. There won't be now banks do bail ins. Frank Dodd seen to it that now all depositors are considered unsecured creditors. So when the stock market, and derivative bubbles go BOOM! We are on the hook again only this time with all out deposits, 401 k, IRA, ECT. any single penny we put in the banks become their assets, not ours. Tax bail out is no longer necessary.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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.