Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com Radio: James Turk, John Williams, Martin Armstrong, Listener's Q&A, and your host Chris Waltzek(encore show)
By: radio.GoldSeek.com

Preparing for the Crash - S&P500 index analysis - INVERSE ETFs & PUTS TIMING...
By: Clive Maund

Commodity Slump Signals Slow Growth Outlook
By: Dan Norcini

The Gold Raid of July 19
By: Craig Hemke

When China Stopped Acting Chinese
By: John Mauldin

The Silver Manipulation Con Continues at the Highest Levels of Government
By: Bix Weir

Fear Spreading In The Global Financial System Pushes Gold & Silver Eagle Sales To New Highs
By: Steve St. Angelo, SRSrocco Report

The 10th Man: Floor Monkeys and Decentralization of Risk
By: Jared Dillian

Metals Continue To Setup For The Next Leg Lower
By: Warren Bevan

Gold Seeker Weekly Wrap-Up: Gold and Silver End Near Unchanged on the Week
By: Chris Mullen, Gold-Seeker.com

 
Search

GoldSeek Web

 
Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak [Video]



-- Posted Tuesday, 22 September 2009 | | Source: GoldSeek.com

"The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society," Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.

A statement like that pretty much speaks for itself, but it's a bit more complicated than appears on first blush.

Faber has been bullish -- especially on commodities and emerging market stocks -- for some time now and believes the current global recovery trade will last another two-to-three years, as discussed in more detail in a forthcoming clip. But he has major long-term concerns about the dollar's long-term viability given rising U.S. deficits, massive unfunded mandates and the fact "we have a money-printer at the Fed."

This combination will eventually lead to runaway inflation, wholesale debasement of the dollar, and a major lowering of living standards for most Americans and many Europeans as well, says Faber, who is "highly confident" in this grim prediction.


-- Posted Tuesday, 22 September 2009 | Digg This Article | Source: GoldSeek.com




 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2015



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.