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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Up untill a year or two back his GloomBoomDoom report was free and after charging 200$ for it for a years subscribtion (which is quite moderate really) he is known for using a substantial part of those proceeds to support the Child's Dream charity, a tax-exempt Charity Organization that...
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    a_person's debating style

    http://www.youtube.com/watch?v=ppQNpl68RiM&feature=related
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    It is called hyperbole. Like when the goldbugs say gold is going to the moon. They don't actually believe it is going to go to the moon. They just expect it to apreciate considerably.:)
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    a_person's debating style

    Zionism: A Key Factor in the New World Order Elite Power Network http://www.youtube.com/watch?v=yy43zYo33Dg
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    Israel is "barking on the wrong tree"

    http://www.youtube.com/watch?v=yAZmO80dLfE
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    !!URGENT!! Obama to Sign Away U.S. Sovereignty?

    Will it be world government? http://www.youtube.com/watch?v=dEp1D5hAGO8&feature=rec-LGOUT-exp_fresh+div-HM
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Reinstate the constitution, restore the republic, bring back sound money, abolish fractional reserve banking, abolish the FED, abolish the two party system, bring back US troops from abroad, ... Just a few actions ( with possibly disastrous short therm repercussions) perceived as necessary by...
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Anyway, I agree the US would be one of the least hit during such a scenario. In fact I advocated those in charge to let it crash a long time ago as the US still has the economic and geopolitical power to come out on top after such a crash. Unfortunatly, as these powers have come under...
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    I wouldnt draw conclusions on the aftermath of such a crash based on these countries' economic strength today but rather at the mindset of the average Joe and in that case obviously those places with the highest standard of living and lowest crime rates would feel the effects the hardest. You...
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    My best guess is during such a scenario sovereignty and nationalistic sentiments will be labeled as one of the prime suspects for what caused the collapse and a further unification of nations will be on the table to ensure that what happened 'will never happen again'. Or you get the opposite...
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    German Oct. jobless numbers fall 26,000

    As if the US, hell, any other country in the world isnt expanding it's government to ofset a contraction in the private sector. So why not agree they all do it and judge the quality of the government sector country by country.
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Thanks for the clarification Misthos. Always enjoy your posts as I like to learn about economics with history as the main guide. One more question if I may. I once listened to a Peter Schiff radio show (:p ) in which he claimed the US owned 70% of the global fx reserves after WWII only...
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Both Germany and England payed of WWII debt to the USA up untill this century even correct me if I am wrong.
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    Global High Wealth Industry Group Created: New IRS Unit Will Target The Very Wealthy

    Rich people shoud buy gold and bury it in their back yard.:cool:
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    Look at Germany. Bankrupt to the bone. Bombed back to the stone age. Most hated people in the world for decades. See where they are today. It can be done.
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    It is my believe people in the western world have had the pleasure to enjoy one of the longest periods of rising prosperity and peace in history that we have grown so accustomed to, a state of affairs we can not possibly see coming to an end. We therefore tend to shield ourselves from the...
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    Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

    If you have been of the opinion for years now the USD is going to totally crash at one point during our lifetime why whould you change your opinion just because the internet crowd thinks your song is getting to sound old?
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    Short Memories at Goldman

    The dumbing down of the populace has not been an exclusive American or British phenomenon anymore sadly enough.
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    Pension funds will increase gold holdings to acquire “financial insurance"

    Where do you see opportunities in assets that are down 80% from their all time high? Sugar?: Silver?:D
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