Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak

[KoKo]

Bullish Today, Marc Faber Is "Highly Confident" the Future Will Be Very Bleak
Posted Sep 22, 2009 07:30am EDT by Aaron Task in Investing, Newsmakers


"The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society," Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.

A statement like that pretty much speaks for itself, but it's a bit more complicated than appears on first blush.

Faber has been bullish -- especially on commodities and emerging market stocks -- for some time now and believes the current global recovery trade will last another two-to-three years, as discussed in more detail in a forthcoming clip. But he has major long-term concerns about the dollar's long-term viability given rising U.S. deficits, massive unfunded mandates and the fact "we have a money-printer at the Fed."

This combination will eventually lead to runaway inflation, wholesale debasement of the dollar, and a major lowering of living standards for most Americans and many Europeans as well, says Faber, who is "highly confident" in this grim prediction.

More with VIDEO HERE!

http://finance.yahoo.com/tech-ticker/article/337749/Bullish-Today-Marc-Faber-Is-

[The Velveteen Ocelot]

1. We're doomed.

http://www.youtube.com/watch?v=NmZRDUO1wGQ

[MrModerate]

2. And he didn't even mention mutated H1N1 killing off 95% of the human race later this year. n/t

[KoKo]

4. You mean those "forced vaccinations" of our kids with "two shots" for them and One for Parents?

Yeah...It's a hard call for parents who grew up under Bush Regime to go against.

[maxsolomon]

3. start hoarding again

& breed as many pit bulls as possible to protect your chickens.

[KoKo]

5. That's "End of the Times" stuff...we can do better...but, agree

that we need to take some precautions. And, it ain't buying guns and baracading, either.

But, what do we do ..when fax, phoning and showing up at one's Elected Rep's Townhall Meeting ends up in disappointment.

THE NEXT STEP...THAT'S what WE NEED! Where is it? Who will stand up? We always need LEADERS...or can we do it on our own? :shrug:

[chollybocker]

6. The Rapture is sooo yesterday.

[KoKo]

7. I wouldn't be too sure about that Rapture...too many still belive in it...and

there are still folks who think Giuliani/Palin would be a great ticket in 2012!