I turned off that CNBC telemarketing channel years ago. All they do is tell us what the government and multinationals want us to do. CNBC is there to protect the narrative, not small investors. Bloomberg is just as bad...Faber used to be on BNN years ago but they stopped putting him on.... I cancelled cable. I learned far more from alternative sites such as this one.
This had to be one of the best interviews Mr Faber has done in a long time and I've seen a LOT of them. Great interview. Ask him a question and then get out of the way.
WAIT! Why does everyone, and I mean EVERYONE but me, assume that for government to cut spending, they have to cut social security, VA pensions and disability, medicare, unemployment insurance, etc. I have a BETTER IDEA, why don't they fire 90% of the 7,000,000 federal employees working in -non-productive federal jobs so that they can go into the real economy and produce goods and services. That would be a double win, AND it would fund social security and entitlement programs.
A lot of these federal government jobs are for favors that are owed by the winner of the campaign to their donors as well. These are known as PATRONAGE JOBS as well.
@jaynawilliams8923 Has it never occurred to you that economist talk about how important increase in GDP is? Paying Social Security benefits increases GDP. GDP can be increased by governments by also employing more civil servants.
Always enjoy listening to Marc Faber, dating back to 1999. Highly informative and relates real world with the real financial situation . Marc is always looking ahead by looking at what is going on now.
watching the great mr faber talking about the roman empire whilst smoking and laughing is the best i cant get enough of him, he is my fav economic analyst, as good as peter schiff
It’s worse than what Marc describes. It’s not “government officials” who are at the bottom of this. They are just conduits of special interests. It’s the enormous concentration of capital over the past few decades and its collusion with government structures, especially in the US. And you don’t even need a small group of people to gather in a room and plot the future of the world, as conspiracy theorists would have it. Like a machine, once you set up a system and put it in motion, it produces certain outcomes even without intervention. Until the machine breaks.
7% inflation? Marc, where do you shop because I want to shop there because I'm paying between 30% and 50% more at the grocery store (depending on the item) and way more than 50% for gas/energy.
what a beautiful wonderful young man our Dr faber is, i absolutely love the part where he says, when he goes back to his country, switzerland, he doesn't recognize it anymore, lol with that beautiful grin and chuckle ☺👀
If I hear debt Usury comes first to my mind. If usury appears there is banking cabbal behind. So there is no recless spending by government. There is a lot of planning to destroy You dear people.
40 years! Ouch So he bought at 700 in 1984 and held through to 360 in 1999 ? He broke even in 2006. And now has a 400 percent gain. In the mean time stocks have gone up 1000 percent. But then he has to pay short term capital gains on a very long term investment. That sort of sucks
A Democracy that needs to spend over $15 billion on informing the Public about the Proper Political Prostitute to Vote for, has more than a Public Relations issue to deal with. The Electoral Industry appears to honor the needs of the Majority Investor. That seems to be how an Oligarchy buys power....
Some quotes from Marc Faber: "Thank God white people populated America, and not the blacks... at least America enjoyed 200 years in the economic and political sun under a white majority." Speaking of Confederate slave owners, he called them: "honorable people whose only crime was to defend what all societies had done for more than 5,000 years: keep a part of the population enslaved." And finally: "I am a racist." References for these quotes, in order of the quotes here: * Bryan, Bob. "Marc Faber, author of influential 'Gloom, Doom, and Boom' report, says 'thank God white people populated America, not the blacks'". Business Insider. Retrieved 19 October 2017. * Derrick, Jayson (17 October 2017). "Famed Doomsday Investor: 'Thank God White People Populated America'". msnbc. Retrieved 19 November 2017. * DeCambre, Mark. "Faber says U.S. wouldn't have made as much 'progress' if colonized by blacks". MarketWatch.
What has Africa achieved with their black people? Look at the ratio of unemployed blacks on state benefits compared to whites. Look at the ratio of crime of blacks compared to whites. One could say Marc Faber was correct. That is not racist, those are facts.
Great interview, quick summery. There is 0% chance that the government is going to do the right thing. And the central bank is going to screw over the average consumer. Countries across the world no longer have the faith in the dollar and American consumer is not far behind. The dollar will at some point in the near future hyper inflate. Your stocks and bonds will continue to rise in nominal value, but will have no real value. How is the time to convert everything to gold and ride out the storm.
How something, that never existed can die? Democracy as a concept of self-governing had died more than 2000 years ago on the Athens Agora. Since then the humanity experienced sequence of more or less authoritarian rulers labeled differently and presented to the naive and obedient populace as a will of god, their own choice, call for the greatness and always for the good and benefit of those ,who are governed. In reality things were always run in the order to secure interest of those who owned everything or for benefit of ambitious upstarts intending to introduce “revolutionary rule of the people” .
Where do investors like George Soros or Larry Fink get all their money from? Are they so much more hard working and intelligent than others are they on top of it just more unscrupulous and morally depraved?
And with the sales pitch I’m gone . But I’ll comment: most emerging Asian companies are owned by families with insidious relationships with their Governments. Second any decent Asian company will list in the most liquid market. The USA. So those companies are included in the capitalization figures. The rest is BS.
Even as recent scholarship has reinforced understanding of how Roman oligarchic wealth broke “free” of public oversight and ended up destroying liberty, today’s neoliberal philosophy idealizes a free market as one that provides liberty mainly to the wealthy to act as they wish in their own self-interest as their transactions dominate “the market.” Public regulation to restrain their self-seeking is deemed to “distort” this market by adding to “transaction costs.” Such regulation is denounced as “socialism,” much as Roman oligarchs denounced populist-reformers as “seeking kingship.” Projecting this modern economic ideology back to Rome, the neoliberal ideal of minimizing transactions costs meant abolishing all restraints on oligarchic land grabbing and the expropriation of the property of debtors. There was a real cost, of course, in the form of serfdom and imperial collapse. To neoliberals, these costly results are “externalities,” irrelevant to their market models, which pretend that economic welfare will be maximized by individuals acting in their own self-interest. But in antiquity, Stoic and then Christian ethics were influential enough that not even the Roman oligarchy went as far as modern free marketers in idealizing selfishness as a positive force of economic efficiency. As Christianity became the Roman State religion accepted by its economic elites, its moral focus shifted away from economic selfishness to personal egotism and the healing redemption of making bequests of one’s economic gains to the Church. As Augustine put matters: “Get rid of pride and wealth will do no harm.”2 Michael Hudson. The Collapse of Antiquity (Kindle Locations 9591-9603).
I have been waiting on the BIG crash for many years. I feel it is getting closer; the U.S. Govt will not be able to make interest payments for much longer. $1 trillion in interest payments in 2024, it will be $1.7 trillion in about three years. We have to make a choice between excelerating inflation through monetizing the debt, or letting the bond market collapse.
Like upto 70s rich and corporates need to pay 60 pc and above taxes .. no media control by rich and lobbying .. workers union stronger or everything will be collapsed in zero gain rat race for 99 pc of race ❤😢
If you're watching this in 2024 and haven't looked properly into bitcoin yet, would highly recommend. If ever there was a case for a finite, unconfiscatable digital commodity.. It is now
Jesus Christ saves from hell. Jesus died for our sins, was buried and rose again the third day (1st Corinthians 15:1-4 KJV). Jesus shed His blood for our sins (Ephesians 1:7 KJV). Getting water baptized DOESN'T save us (1st Corinthians 1:17 KJV). We are saved by grace through faith, not our own works (Ephesians 2:8-9 KJV).
Your interruption in the early minutes of the program is most irritating...! Right in the middle of a pointed subject pops up your bulletin/adverstiment...! It pieces off the listener. Especially the type of listeners interested hearing from guest's in Faber's caliber. In other words you could advertise at the end after delivery of a decent discussion.
I understand your frustration but please understand that I need to make a living so I can continue to produce this content. No one wants to pay for a sponsorship message that appears only at the end. There are chapter markers on the video, so you can simply skip past the sponsor message to the next question.
When he talks about high, or low interest rate, i.e. Turkey/Japan, doesn't reflect a meaningful circumstances, because you're not either passably skilled, or don't pay any attention just let such a particular point pass casually by instead of asking him to clearfy such a contradictory exercise....!🤨😕
