The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: RJA_	1/13/2008 4:32:29 PM
	of 71456

Marc Faber interviewed by Jim Puplava, Financial Sense News Hr. financialsense.com Brief summary: Marc Faber on the stimulus package, easy money, bogus government stats (government lying), recession, cost increases, decoupling (not), emerging market bubble... says US current account deficit has funded world liquidity... shrinkage will have negative effect on world liquidity. Dow vs gold ratio. Depreciation in the world wide value of money. Normally safest investment is cash. Cash now is a disaster as an investment. "If there was a court for honest money, both Mr. Greenspan and Mr. Bernanke should be hanged." <grin!> Energy/Food/Precious Metals: PM/Oil: be prepared to ride through a substantial correction. Could have period of deflation (with big declines in asset prices), then CB's will print like crazy. "In a democracy and especially in a country like the United States the politicians will print money. and whether it will always help to support asset markets is vary questionable. The one thing I can assure you is that money printing does not create wealth... at some point ... you reach with credit growth the zero hour, in other words with credit growth you print money and the economy doesn't respond and I think we are already in that situation." Currently deflation in housing and probably commercial property... gold market now somewhat over bought and could incur a 10 to 20% correction. Likes $US over Euro for next 3 - 6 mo... Currently global synchronized boom (construction cranes everywhere)... which will lead to global synchronized bust. Does not want to be exposed to it. Thinks emerging markets more vulnerable than Dow, but personally does not currently want to have stock market exposure.

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