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Debt as a simple number without any context says nothing anyways. The world's least indebted nations according to the CIA factbook. https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html 1 Oman 2 Libya 3 Estonia 4 Chile 5 Botswana 6 Azerbaijan 7...

He does have a newsletter called 'The Gloom Boom & Doom Report ' which can be subscribed to here: http://www.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=1000 Besides that he is a regular on Bloomberg and CNBC where he gives advice out all the time. Don't think he is the one you are...

Statistics are like bikini's. They show alot but nothing important.

Faber has mist very few moves these last 12 months. Spring 2008: Buy the yen Summer 2008: Buy the dollar Short oil and commodities Fall 2008: Buy goldminers Citi could go from 3$ to 10$ (it did) before it goes to 0 (it went to 0.97) Spring 2009: Buy the Euro...

This is the case for more countries in Western Europe (Belgium, France, Netherlands.) Unfortunatly some of their bigger banks decided to load up on foreign mortgage CDO's in search for higher returns creating giant holes in their balance sheets today but in general people do save indeed.

I read an article on it some time ago German homes as good as gold German residential property is joining gold as a safe haven for investors disillusioned with equities and afraid other assets will be eaten away as measures to combat the financial crisis prompt a spike in inflation...

Thank you for participating.

You are correct. http://www.cnn.com/2009/US/03/15/AIG.banks.list/index.html They received $4.1 billion or a staggering 2,9 billion Euro's today. No idea how they would have solved that if AIG didnt come through.

Couldn't a euro dollar exchange rate of 0.82 in '98 to 1.60 in '08 count as some upside?

Well, as said in the article The French state has barely had to support it's (globaly active )financial system so far and if they did a big chunck was used to expand not to keep it afloat. How high has the tab racked up as we speak concerning the US Financial system? A couple of hundred...

Why need more money when for instance going to the doctor is as good as free.:)

Makloda, has the recent weakness in the $ and the accompanied strength in the commodity currencies and the commodities themself changed your view on the deflationary scenario in any way? Cheers.

That's the good thing about the Euro. Lots of countries to cut before it get's priced into the market.:)

Those German stats are unbelievable. Does anyone knows some more insights on their decade long flat house prices? Cheers.

Thanks for the update.

ishanpoker2, you are from India? People still buying gold at these (high) levels? Thanks.

Peter Schiff said all Americans are bankrupt. Whats this talk about wealthy New Yorkers?

Well, the good thing about this crisis is in a few years we can finally answer the ultimate question: Should governments stimulate the economy during a downturn or not? This must be the biggest stimulus bonanza in human history. The only ones lagging is Western europe according to the...

Send them to war. That's what they usually do.

Is that the Fed buying gold also?