Dr Doom Speaks

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Egg
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Dr Doom Speaks

Post by Egg » Wed Nov 09, 2011 3:03 pm

Economist, global trend analyst and well know Doctor of Doom, Marc Faber, suggests that with so many monetary, fiscal and political variables at play, the end game of this crisis can be delayed for months or years to come. Faber, who has warned since before the 2008 crisis that entire nations would fail due to high debt levels, that hyperinflation is an inevitable outcome of the Fed’s accounting games, and that war will be the ultimate result, shares his views on CNBC:

[Video Interview Below]

I don’t know what other people think, but what I think will happen eventually – and there are so many contradictory statements coming out that nobody really knows – but eventually the same will happen as in the United States. The ECB (European Central Bank) will print money one way or the other. And, the debts that essentially should be written down to realistic value will continue to be carried on the books of banks at unrealistic values. So, the end crisis will be postponed until the sovereigns go bankrupt.



Before they go bankrupt they’ll print money. They’ll print endless money. As long as we have Ben Bernanke and Janet Yellin at the Fed they’ll print money and so they can postpone the end game endlessly…Endlessly not, but say for another five to ten years.

Each money printing exercise brings about unintended consequences. These unintended consequences are partly higher inflation rates than had no money been printed.

http://www.shtfplan.com/marc-faber/marc ... s_11072011


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lkwalker
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Re: Dr Doom Speaks

Post by lkwalker » Wed Nov 09, 2011 3:28 pm

Oh. Posted this response on the wrong thread. Silly me.

Originally Posted by GeneralStriker
From 2008

The Fed and the usual gang of 'experts' will always spend their meager energy on the analysis of the economic cogs and gears rather than the state of the deus ex machina itself. The fact is that the world is experiencing the greatest transfer of wealth since the beginning of recorded history. Pax Americana is in decline and fall. Nothing can slow the decent and the chaotic consequences for human continuance per se. Behold a pale horse. The ultimate discontinuity is at hand and the results will not be pretty- interesting, but not pretty.

The Empire won't go quietly- not with a whimper but a bang. Perhaps that is why the Johannine prophecies seem so apt. This movie played out before in a much smaller theatre. It doesn't require a prophet to see the future anymore- just a bit of tweaking on the fine tune knobs. The future has never had such a compelling immediacy.

The world is being strangled by the Malthusian garrote. Desperate populations are about to become engaged in a war for remaining resources. That is what the Iraq war is all about. Self preservation will finally wring out the last dampness of altruism. It has happened before to a lesser degree and the remedy that it spawned- Christianity- will find itself finally eclipsed by it's opposite principles. This is the larger picture. All that's left are the tedious details, the footnotes- the various methods of mayhem and the hydra-headed fools, the walk-ons of history, that permit their use.

So what sound and fury do we see in the immediate future? The crash of the markets, unlimited war, local transfers of wealth and property- evictions, repossessions, the calling of social margin. Families squatting in the dross of their own foreclosed homes- the new huddled masses, their utilities disconnected, while the successors of the failed banks are unable to force them out. Transportation at a stand-still. Empty grocery stores. Gunshots in the night. And the foreign wars of our addled emperor coming home. The attack on Iran will result in the sinking of aircraft carriers in the Persian Gulf. Saudi Arabia will be over-run by the gangs of it prodigal son. There will be no more oil shipped by those greedy sheiks. The ayatollahs will loose their missiles on Israel and taste the fruits of Samson's nukes. Persia will be no more. Israel will be no more. And then it all comes home. The scatterings of the Middle Eastern desperadoes will appear on our own streets, in our own buildings- and bring with them endless nine elevens. Of course there is more- much more- this is just a selective foretaste of the impending chaos. Let your imagination run wild to see the entire movie. Whatever disaster that you have the temerity to envision will come to pass. Shortly.

The billions that have gone before us, upon whose shoulders we stand, are here and now- new flesh on their bones- to witness the denouement of history. It could have been otherwise. The greatest fear shall now become- not death, but the inability to die. Perhaps John had it right after-all.
"If you don't think to good, don't think too much." Yogi

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Egg
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Re: Dr Doom Speaks

Post by Egg » Wed Nov 09, 2011 3:31 pm

It's all bullshit. No system which creates more debt than capital is worth a crap.


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Re: Dr Doom Speaks

Post by lkwalker » Wed Nov 09, 2011 3:34 pm

Capital and debt are identical. Just two sides of the same ledger. The world economy has entered on a state of entropy.
"If you don't think to good, don't think too much." Yogi

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Re: Dr Doom Speaks

Post by Egg » Wed Nov 09, 2011 4:37 pm

lkwalker wrote:Capital and debt are identical. Just two sides of the same ledger. The world economy has entered on a state of entropy.
They seem to be identical except there's always more debt left over when creating either one.


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