IMF new tax proposal in Europe

IMF has come up with a paper in Europe that essentially the well to do people should pay a one time wealth tax of 10 percent. But I can assure you one time wealth tax will become a every year tax.



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 would rather own gold, silver, platinum to bitcoin

I prefer physical gold, silver, platinum to Bitcoin. Bitcoin can have a lot of competition. Gold, silver, platinum dont have any competition. How do you value a bitcoin ? 

I can value Gold to some extent to say Gold to the quantity of money floating around the world, the wealth increase, to the credit increase, to the production costs, so I have any idea of where Gold should be. I'm not sure because prices overshoot.


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 Overdue for a 20% to 30% Correction

Marc Faber predicts that stocks will drop by 20 percent to 30 percent in the near future. But he personally hopes that they will fall even further.
"I think the market is way overdue for a 20 to 30 percent correction," said Faber, the editor and publisher of the Gloom, Boom & Doom Report. But that is "nothing that worries me," he said. "In fact, I'm hoping for the market to drop 40 percent so stocks will again become—from a value point of view—attractive."
Faber added with a chuckle: "But that is not the view of someone who is fully invested—obviously not."


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