Marc Faber: U.S Bonds Worthless

by Admin on 07/12/2010

An interesting comment Marc Faber makes is when he compares how the U.S. government is paying it’s debts by essentially running a Ponzi scheme. Basically, at current levels, the U.S. government could barely pay the interest on bonds it had previously issued. It is currently paying the interest by continuing to issue new bonds. But, at one point the interest payments will be so high that newly issued bonds will be worthless.

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This follows Marc Faber’s Bloomberg Radio interview and is a bit more informative as the topic of Thailand’s turmoil isn’t touched.


Marc Faber: Bloomberg Interview May 25, 2010

  • The market is currently oversold in the near term, and markets could rally a bit
  • “The banks are gone” but interest rates are at zero
  • June-July are months in which we usually have a summer rally
  • Bearish about everything
  • Fiscal deficits are high and will continue to go up
  • Gold might go down somewhat more, but is quite happy to hold considering what’s going on
  • Government officials should resign
  • Eventually sovereigns will default
  • In the long term, we are doomed
  • The only assets that will keep purchasing power are precious metals

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Below is Dr. Marc Faber’s appearance on Bloomberg Radio. This was soon followed by his appearance on Bloomberg television.

Notes Marc Faber On Bloomberg Radio- May 24, 2010

  • Seeing burning building in Thailand was a shock
  • The entire region has become much more “China centric” and that has a concern for the long term
  • Market became overbought in April
  • Right now, U.S. bonds might be better option than sovereign debt
  • Currently doing very little with capital because Faber believe we are in correction period and markets might decline 10-15%

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Marc Faber: CNBC Interview May 7, 2010

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Marc Faber On Bloomberg May 6, 2010

by Admin on 05/07/2010

Marc Faber On Bloomberg May 6, 2010

  • The cause of the sell-off is that markets went up too much, too quickly
  • The market was overbought, ahead of itself, and headed for a correction
  • We will have a meaningful decline
  • We made the high in April
  • Sooner or later the Governments will go bankrupt
  • The only way they will survive is by continuously printing money

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Marc Faber On Bloomberg May 3, 2010

  • The Euro will remain weak, and there will be more bailouts
  • All government’s in the Western world, will all have to be bailed out
  • It is time to kick Greece out of the EU;
  • The best is for Greece default
  • The Chinese economy is going to slow down
  • We will likely have a Chinese crash in the 9-12 months
  • Chinese will become big buyers of gold if there is a crash
  • All currencies are doomed
  • Agricultural commodities look attractive

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Marc Faber On CNBC April 21, 2010

by Admin on 04/24/2010

Marc Faber On CNBC April 21, 2010




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While Marc Faber continues to be bullish on gold, he emphasizes this may not be the best time to be a buyer but one should buy gold on a regular basis over the long haul.

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Marc Faber On Sovereign Debt Crisis- The Next Bubble?

Marc Faber 2010 Outlook

Marc Faber -China Bubble

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Marc Faber 2010 Outlook

by Admin on 01/19/2010

Marc Faber 2010 Outlook

The future isn’t rosy for the U.S. in 2010. Marc Faber expects 2010 to be much more difficult after a 2009 stock run from its March lows. One of the biggest, if not the biggest, concern for Dr. Faber is the national debt and its interest rates which will potentially go up in the next 5 years. Also on Marc Faber concerns are credit bubbles in China and Dubai along with rising stock prices in certain emerging markets.

“Money printing doesn’t create wealth”

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