When Interest Rates Tick Up, The U.S. Will Be In A Mess

Marc Faber : One day when interest rates go up for whatever reason, maybe next year, or in 3 years time, interest payments on the government debt will balloon, an in say, 7 years time, the interest payments on the US government debt will be between 35 and 50 percent of tax revenues. Then you are in a huge mess. I believe to get out of that mess they will monetize, they will have all kinds of stimulus packages that will lead to high inflation and the standards of living of the typical household, the average household, will go down. It will enrich a few people, the elite, essentially on Wall Street. But then to distract the attention, the US will escalate its war efforts and then we will go into war in the world and then the whole thing will collapse. - in ET Now

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Global Outlook : Marc Faber on Gloom, Boom Doom Report

Marc Faber talks about total disaster with a collapse of capitalistic system..

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber - Market View

Marc Faber - Market View

ET Now : Marc Faber - Market View by ETnow

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold: Anywhere Close To A Bubble Stage

"Gold is not anywhere close to a bubble stage." - in LBMA 2012 Related: SPDR Gold Trust ETF (GLD) Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We lived beyond our means from 1980 to 2007

Marc Faber : "There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?" "In the Western world, including Japan, the problem we have is one of too much debt and that debt now will have to be somewhere, somehow repaid or it will slow down economic growth,” stated Faber. “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.” - in CNBC


Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Short-Term Fixes Of The New-Keynesians Have Had A Very Negative Impact

Continuous interventions by governments with fiscal and monetary measures, instead of smoothing the business cycle, have actually led to greater instability. The short-term fixes of the New-Keynesians have had a very negative impact, particularly in the United States. - in Prison Planet

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Inflation: It Will Not Lead To An Even Increase In All Prices

Ben Bernanke can drop as many Dollar bills as he likes into this room but what he doesn't know is what we will do with them. His helicopter drop will not lead to an even increase in all prices. Sometimes it will be commodities, sometimes precious metals, collectibles, wages or financial assets. More importantly, the doors to this room are not locked. And so money flows out and has an impact elsewhere – not in this room. - in the LBMA conference, Hong Kong

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

You Don't Become Rich By Consuming

You don't become rich by consuming. You need capital formation. Unlike investing in a factory to earn profits and repay your loan, consumer credit is totally different. You spend it once, and you have merely advanced expenditure from the future. - in Gold Seek

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Selling Gold? I Know Better

. "I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" - in Twitter

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Unproductive Credit

"Government credit is the most unproductive credit of all." - in LR

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Market Is Going To Go Down

I don’t think markets are going down because of Greece, I don’t think markets are going down because of the “fiscal cliff” – because there won’t be a fiscal cliff. The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Take The Pain Now, Or A Collapse Later

There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to ten years’ time? In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Whole Global Financial System Will Have To Be Reset

I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency markets, debt market or stock markets. It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today. - in CNBC

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Market Tends To Rally Towards Year-End

"But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower." - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Nominal GDP & A Proper Deflator

If nominal GDP was adjusted by a proper price deflator, we would probably already be in recession. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The State Of The World

That is the state of the world. We have worsening economic conditions, but we have money printing. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Dependance On Government Largess

Marc Faber : In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population. Because of these “freebies,” people will go along with the government’s enlargement as a percent of the economy. The masses believe in their free lunch and because the business elite knows it can profit from the growth in government. However, there comes a point at which the “nanny state” becomes unviable. Raising taxes to pay for the freebies become problematic. Fortunately for the governments, they have a Treasury and/or a central bank that can print money and monetize the government’s debts.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Obama Is A Disaster For Business

I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Obama: Regulations, Taxes & Bernanke

The problem with Mr. Obama is that you get more regulation and it’s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%. - in Bloomberg

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Market Outlook: Money Printing Versus Global Slowdown

You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20 percent. - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Standards Of Living In The Western World Will Continue To Decline

We don't know how the world will look in five years' time. I am pretty sure central banks will continue to print money and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. - in Business Insider

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Market Tends To Rally Towards Year-End

"But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower." - in Bloomberg TV

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Democracies, Reforms & Revolutions

History kind of repeats itself. In democracies, you start with good intentions, and then power becomes polarized among few people and eventually you have either huge changes occurring in a peaceful fashion through reforms or usually through revolutions. - in a recent interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Obama And Romney are all the same

"If you put a gun on my head and you said you must choose either Mr. Obama or Mr. Romney, I would say, please shoot." - comment made during the presidential campaign

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The US Dollar Will Strength Over The Next Couple Of Months

The difference is that Spain and Greece can only print money to a very limited extent. To some extent they can, but very limited. Whereas the U.S. can endlessly print money, which could lead to a severe dollar weakness overtime. Now for the next couple of months I think the US Dollar will strength, not because anything is particularly favorable in the US but we have even worse conditions in Europe. - in a recent interview

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Chinese Economy Is Slowing Down Rapidly

The Chinese economy is slowing down rapidly. In my opinion, it is not growing at any more than 4 percent now. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Money Printing: Where Does It Flow Into?

"You can print money, but you can't control where the money will flow into." - in Seeking Alpha

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Euro Break Up Will Probably Happen Sometime In Future

I do not think it will happen right away because the politicians want to keep the Eurozone intact, but the situation in Portugal, Greece, Spain, Italy and even France is actually unsustainable in the long run because of the unfunded liabilities. So a Euro break up will probably happen sometime in future, but not for another three or five years. - in Economic Times

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.