The world renowned Swiss economist economic crisis.has been very vociferous as of late. I urge you all to take some time and watch his sobering analysis of the current
Inflation to Cause Stocks to Outperform Cash, Bonds, Faber Says
Faber Says U.S. Government May Fail in 5 to 10 Years: http://www.bloomberg.com/avp/avp.htm?N=av&=Faber%20Says%20U.S.%20Government%20May%20Fail%20in%205%20to%2010%20Years&clipSRC=mms://media2.bloomberg.com/cache/v27OvFxZeT8E.asf
America has mortgaged its Future Marc Faber: http://www.youtube.com/watch?v=2hXbeBWdh9k&feature=channel_page
The Capitalistic system will collapse Marc Faber:http://www.youtube.com/watch?v=SUUI-fqwAhw
Buy Stocks Because U.S. Dollars Will Be Worthless Marc Faber 22 Sept 2009:http://www.youtube.com/watch?v=ObxkQYQXJto
Marc Faber the recent rally is the result of excess liquidity The worst is still to come: http://www.youtube.com/watch?v=DuyL8c_m7Wg&feature=related
Marc Faber Says America Will Launch More Wars to Distract from Bad Economy: http://www.infowars.com/marc-faber-says-america-will-launch-more-wars-to-distract-from-bad-economy/
Faber recommended buying U.S. stocks in October, before the S&P 500 plunged 31 percent through March and then staged the steepest rally in more than 70 years. The index is up 8.8 percent since his October comments. It gained 0.7 percent yesterday to 1,071.66, extending its advance since March 9 to 58 percent. Consumer prices rose 0.4 percent in August, following no change in July, underscoring the Fed’s view that inflation will be contained as it keeps the key interest rate between a record low of zero and 0.25 percentage point. The Federal Open Market Committee will keep its rate target unchanged at its meeting that concludes today, according to a Bloomberg survey of 98 economists.
‘Like Never Before’
The government “will print like never before,” which will reduce foreign investments in the U.S. and weaken the dollar further, Faber said. The Dollar Index, which tracks the U.S. currency against those of six major trading partners, has fallen 6.5 percent this year. It appreciated 6 percent in 2008. Faber recommends purchasing stocks in drug companies such as Johnson & Johnson, saying it will gain from an aging population, and in oil companies, which he called inexpensive. An index of oil and gas stocks on the S&P 500 has fallen 12 percent this year. “If you have a problem that arose as a result of excessive credit growth and debt levels in the system, you can’t solve that by piling up even more debt,” he said.