Marc Faber video: US will go bankrupt. World could return to gold standard if gold revalued at $1 million per ounce

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John99's picture
John99
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Marc Faber video: US will go bankrupt. World could return to gold standard if gold revalued at $1 million per ounce

EclippTV vid:

http://eclipptv.com/viewVideo.php?video_id=9862

idoctor's picture
idoctor
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Re: Marc Faber video: US will go bankrupt. World could ...

I think Faber makes it so easy & clear to understand. I have little doubt that it ends up EXACTLY like he explains.Of course this will take time so we all have plenty of time to suffer as...at least the wise ones prepare. I feel like we are in the Twilight Zone & so little we can do to change the course they are taking is on. It is so hard to believe our so called leaders are taking us all on this ride & to top it all off they demand that we pay for it all in full or face their rath........bad dream fellows.

This picture I guess is supose to be a joke but many truths to it that I see daily LOL.

 

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Re: Marc Faber video: US will go bankrupt. World could ...

In the short term, I'd expect the DXY to jump well into the high 80s, and Ag and Au to crap out. 

But that's just me. And pure opinion. 

PIGS seems to be hammering the Euro. Funny, euro and dollar both falling, but the dollar is "strengthening" *cough* because it's less crappy than the euro. 

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investorzzo
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Re: Marc Faber video: US will go bankrupt. World could ...

From Gata: Gold Manipulation

http://eclipptv.com/viewVideo.php?video_id=9841&title=Gold_Manipulation_...

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guardia
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Re: Marc Faber video: US will go bankrupt. World could ...
Morpheus wrote:

PIGS seems to be hammering the Euro. Funny, euro and dollar both falling, but the dollar is "strengthening" *cough* because it's less crappy than the euro. 

Aah, that explains why the yen isn't moving when compared to the dollar ;)

Samuel

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pinecarr
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Re: Marc Faber video: US will go bankrupt. World could ...

John99, idoctor, excellent Faber video.  It's interesting to hear his perspectives on things.  Thanks for posting. 

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Thomas Hedin
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Re: Marc Faber video: US will go bankrupt. World could ...

1 million dollars an once?  HOLY INFLATIONARY!

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Davos
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Re: Marc Faber video: US will go bankrupt. World could ...
Thomas Hedin wrote:

1 million dollars an once?  HOLY INFLATIONARY!

A lot more dollars and not much more gold.

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idoctor
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Re: Marc Faber video: US will go bankrupt. World could ...

In the short term, I'd expect the DXY to jump well into the high 80s, and Ag and Au to crap out.

I agree & this is when I plan to buy.

Davos's picture
Davos
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Re: Marc Faber video: US will go bankrupt. World could ...
idoctor wrote:

I think Faber makes it so easy & clear to understand. I have little doubt that it ends up EXACTLY like he explains.Of course this will take time so we all have plenty of time to suffer as...at least the wise ones prepare. I feel like we are in the Twilight Zone & so little we can do to change the course they are taking is on. It is so hard to believe our so called leaders are taking us all on this ride & to top it all off they demand that we pay for it all in full or face their rath........bad dream fellows.

 

+1 !!!!!!!!!!!!!! 

I'm finally catching on that simple is usually correct. It is a nightmare but I have to admit I watched this last night at 1 am and dreamt the improbable that they went to a gold backed currency. Instead of shoveling snow in my dreams I was sailboat shopping.

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SagerXX
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Re: Marc Faber video: US will go bankrupt. World could ...
idoctor wrote:

In the short term, I'd expect the DXY to jump well into the high 80s, and Ag and Au to crap out.

I agree & this is when I plan to buy.

Second that.

idoctor's picture
idoctor
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Re: Marc Faber video: US will go bankrupt. World could ...

Even though Celente seems extreme to me he is interesting. Everything is relative in this world maybe we are less bad & that works??.....I dunno...but what a way to be....

Davos's picture
Davos
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Re: Marc Faber video: US will go bankrupt. World could ...
idoctor wrote:

Even though Celente seems extreme to me he is interesting. Everything is relative in this world maybe we are less bad & that works??.....I dunno...but what a way to be....

 

Good watch thanks. Just a quick comment 106 tr in unfunded liabilities and 12-14 t in debt = 120 trillion / 300 million = $400,000.00 per person. So my family of 4 would encumber me with a debt of $1,200,000.00. Divide that by 20 years of work and it is $60,000.00 a year in taxes.

I don't even want to add the state debt or any personal debt.

Short of a hard reset or a massive devaluation in currency I don't see a pretty picture.

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paranoid
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Re: Marc Faber video: US will go bankrupt. World could ...
Davos wrote:
idoctor wrote:

I think Faber makes it so easy & clear to understand. I have little doubt that it ends up EXACTLY like he explains.Of course this will take time so we all have plenty of time to suffer as...at least the wise ones prepare. I feel like we are in the Twilight Zone & so little we can do to change the course they are taking is on. It is so hard to believe our so called leaders are taking us all on this ride & to top it all off they demand that we pay for it all in full or face their rath........bad dream fellows.

 

+1 !!!!!!!!!!!!!! 

I'm finally catching on that simple is usually correct. It is a nightmare but I have to admit I watched this last night at 1 am and dreamt the improbable that they went to a gold backed currency. Instead of shoveling snow in my dreams I was sailboat shopping.

You should ask Dimitri Orlov what boat he lives on - he is way ahead of the curve!

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