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Wednesday, October 31, 2012

Marc Faber on The Fiscal Grand Canyon

Marc Faber:  This guy is one of the most sensible sources the media ever interviews in matters of the economy. 

"The U.S. suffers like most western democracies from an over sized government bureaucracy..."
---Marc Faber

So the 20% market correction is still ahead according to Marc Faber.  I actually believe him here so lets do some simple math.  Here's what I come up with:

DJIA............................10,476
S&P500........................1,129
GOLD.........................$1,376
SILVER.......................$25.85

So for those of you who claim you believe Marc Faber knows what he's talking about then I believe you better start listening.  This is not a time for small investors to do anything but sit tight and wait.  Also I believe you need to stash some cash for the crash.  How much?  As much as possible:

Notice these men joke about tens of millions of dollars and to them that is like a wallet full of $200US currency.  Most of us common folk are not of that category.  

So do we have any investments left?  Well you're pastor might tell you to send him your tithe by telling you you're doing God a favor but that's not in the scriptures rightly divided today.  That's just good manipulation with the title of "Christian" attached.

There's trouble coming people:






Peter Schiff gets his moment of fame on his radio show with Marc Faber.  Peter is more interested in listening to himself talk rather than hearing what Marc has to say.  One thing you might notice is what Marc Faber thinks of a $500,000US salary---not much:


...developing...

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