Faber's basic hypothesis is proving right, that the Bernankian PRINT PRINT PRINT until Hell Freezes Over, madness(dressed up as the work of briliant academic economist!!!!--rather than being seen as the sub-clinical lunatic that he is) will prevail over the entire world, as this weekend proved--EU have surrendered to The Bernankian principle as he himself has stated regards economic crisis "We have money printing presses, as long as we have that we will be O.K."
When Bernanke said this years back, Faber said it would be funny if it wasn't for it being spoken by a LUNATIC that absolutely believes what he said.
Faber has frustrated shorts by refusing to call the actual collapse, but given a timeline from now to 5 years out: but he has done this on the basis he will not underestimate the lunatics ability to delay collapse by relentless printing.
He only GUARANTEES, he has said "i have ABSOLUTE CERTAINTY on this", that there will in OUR time come a TOTAL GLOBAL FINANCIAL COLLAPSE, a civilization shattering apocalyse of a collapse.
Faber had his PHD in economics at something like the age of 21, he has demonstrated time and again he is a man of financial genius but one that oft based his calls on distant view/or we without a specific time dating but, nonetheless, these calls have inevitably proven right---Faber himself has a bouyant, laughing life l;oving personality, he is NOT a depessive nor a pessimist, he is a dedicated free-thinking realist, he does NOT desire these events, he is JUST being HONEST, a man addicted to truth seeking.
He has written when he wrote many years back to load up on the Asian Market, and then for 5 years the asian market went no where, he got screamed at---of course though those that stuck with him made a FORTUNE.
He loaded the boat with GOLD at 300 dollars, not at 700 dollars--just another instance.(There are 7 instances, btw)
Faber has been calling correctly the LUNATICS will rule, and they can stall, but will end with what Faber describes in a manner that you would no want children to hear---it is utterly BLEAK.
What we see now is the Powerful and Priviledged trying to save their NECKS--that IS their basic drive--the hope they can die peacefully in bed and THE HELL with their children's fate.
There is no cure here.
Those that jump on the Bernanke train are as INSANE as he is.
As for me, i am much like Faber, a laugher, a person with a zest for life, but i remain stubbornly committed to what i feel be where we are headed. Max |
