It’s happening folks

Posted: Aug 17th, 2010

With each passing day free people all over the world are moving toward a metallic monetary standard.  Those who fail to get with the trend will one day find themselves left very cold and lonely…and poor.

Jim Rickards discussing deflation on CNBC, Aug 2010

Posted: Aug 5th, 2010

Marc Faber on Bloomberg May 3, 2010

Posted: May 5th, 2010

Dr Faber at his absolute best: “like I told you before, all paper currencies are doomed…” and in response to how high precious metals could rally: “Well, for that you need to phone up Mr Bernanke and ask him how much he will print…but I can assure you, he will print and print and print!”

Roubini says US’ debt problem is bigger than Greece’s

Posted: May 2nd, 2010

Despite putting out his bearish gold propaganda article last year (”The new bubble in the barabarous relic that is gold“), this analysis of the US debt crisis is spot on, and the major reason gold is going to infinity priced in the US dollar.

David Cameron vs The Labour Party: Budget 2010

Posted: March 25th, 2010

Even though Britain is sliding down the sewer pipe of history, if there’s one thing you have to greatly admire about the place is the occasionally spectacularly entertaining political debate, and nowhere is this more apparent than when party leaders slug it out like snobby schoolboys across the aisle in the House of Commons.

This week it was the turn of Tory leader David Cameron to tear up the turf as he ripped into Messers Brown and Darling in response to a predictably weak, pretzeled and increasingly desperate Labour budget proposal to parliament.

It’s true that David Cameron is no Maggie Thatcher, and the UK may only shift gear to socialism-lite under the modern Tories.  But it would appear the electorate should at least give it a whirl after 13 years of a Labour government that has very successfully accelerated the decline of the once mighty Britain into global oblivion.

For all Cameron’s faults, there is no faulting this tirade against the bloated, bulging, bankrupt, bureaucratic leviathan Blair and Brown have bequeathed upon Britain’s hapless next generation.

Enjoy.

Tech Ticker: Marc Faber: Don’t Expect Another Crash … Bernanke Won’t Allow it

Posted Mar 12, 2010 07:30am EST by Peter Gorenstein in Investing, Newsmakers

“I would rather be lightening up on positions in the next couple of weeks than heavily buying in here,” says Marc Faber, editor of the Gloom, Boom and Doom Report.

Accompanied by Michael “Mish” Shedlock, the man behind the economics blog, MISH’S Global Economic Trend Analysis, Faber tells Tech Ticker there’s very few opportunities to make money in the market right now.

“Mish” who also thinks it’s time to take profits, goes even further, predicting a “50-50 chance the bottom is not in yet.”

Faber, however, is confident we won’t “see 666 on the S&P 500 ever again.” He says “if we go down by 10-20% on the S&P 500, our money printer Ben Bernanke will flood the market, weakening the dollar,” and thereby driving up stock prices.

If you are going to put money to work in stocks both market watchers think Japan is the place to be. After a 20 year bear market and despite high-debt-to-GDP levels, the pair think the market has become too cheap to ignore. Always a contrarian, Faber believes the lack of interest in Japanese stocks makes it one of the most compelling buys in the world.