Thursday, May 28, 2015
Russia will never give up Eastern Ukraine
Marc Faber: I don’t think it’s about Greece economically. it’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. so they will lend more money and kick the can down the road.
Number 2; and this is overlooked by many people, it’s a political issue. if Greece leaves; or if Portugal leaves; or if Spain leaves; or if anyone leaves; the NATO countries led by America, basically, are very afraid that either the Russians establish closer relationship…. you have to look at the geography of eastern europe. You have the northern part of the Mediterranean - The Black Sea. And there you have Crimea Island and to the east of Crimea Island you have Eastern Ukraine.
The Russians will never give up Eastern Ukraine. It’s like the Chinese will not give up Hainan Island, you understand? It’s not going to happen under any condition. The West can bitch and talk and whatever they want - they’re not going to give it up. - in a recent interview with CNBC
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.