Marc Faber : Mirror, Mirror on the Wall, When is the Next AIG to Fall?

Presented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan on 22 May 2010 in New York, New York. Includes an introduction by Mises Institute president Douglas E. French.


Dr Faber has crammed so much information in this presentation that one really needs to either spend three hours watching it, pausing frequently to absorb all of it, or re-watch it several times. There are few investors in the world with a more lucid perspective than Marc Faber, as I believe this video shows.This is essentially the same lecture he gave in Slovenia in 2009, albeit updated. Excellent macro overview.
Dr. Faber is an amazing economist. I thought it was interesting he was saying not only hold investments in foreign countries but to also be able to access your wealth in other countries. I remember Peter Schiff discussing recently that US citizens can no longer open investment accounts in foreign countries. The dollar is worthless because it's just a piece of paper. There are trillions of U.S. dollars not entering the market. If they did the U.S. dollar would weaken substantially and eventually lose it's luster and spiral downward. The fact that U.S. dollars are accepted outside of the U.S. is a world-wide scam. The only reason people accept U.S. dollars is because it has reserve currency status.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.