Faber Says U.S. Government May Fail in 5 to 10 Years; Calls Bernanke "A Criminal"

paysense · Sep 23, 2009

Faber should go back to doing what he does best - reporting financial news.

It is hard enough being a professional in this biz - let alone a pundit coming off as a professional.

Same with that Ron Insana guy.

You probably can tell that I get nothing out of CNBC and haven't watched it much at all in years!

pay$

cleveland45 · Sep 23, 2009

Quote from Dr. Zhivodka:

Faber is a punk bitch. It's easy to throw bombs from Hong Kong.

Not so easy to be in the arena every day like BennyPoo.

Bernanke is probably a decent guy, and much too smart to lie like he does................guilty as charged.

krazykarl · Sep 23, 2009

Quote from Dr. Zhivodka:

Faber is a punk bitch. It's easy to throw bombs from Hong Kong.

Not so easy to be in the arena every day like BennyPoo.

qft.

krazykarl · Sep 23, 2009

Quote from paysense:

Faber should go back to doing what he does best - reporting financial news.

It is hard enough being a professional in this biz - let alone a pundit coming off as a professional.

Same with that Ron Insana guy.

You probably can tell that I get nothing out of CNBC and haven't watched it much at all in years!

pay$

CNBC has taken the place of The Real World in my TV viewing schedule. The titties at CNBC are nice.... Bloomberg has some nice melons too.

new$ · Sep 23, 2009

Quote from Mom0/pH0x:

how is it exactly that the economy is in much better shape now? sure the banks are in better shape, because they have been given hundreds of billions of dollars when they should have gone bankrupt, like all the other companies that fail... but i don't see that the economy is in any better shape overall...

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http://www.atimes.com/atimes/Global_Economy/KI24Dj04.html

vulture · Sep 24, 2009

Quote from paysense:

Faber should go back to doing what he does best - reporting financial news.

It is hard enough being a professional in this biz - let alone a pundit coming off as a professional.

Same with that Ron Insana guy.

You probably can tell that I get nothing out of CNBC and haven't watched it much at all in years!

pay$

Not to step in the middle of a pissing match, but they are referring to Mark Faber, not the pundit David Faber that you mention...

achilles28 · Sep 24, 2009

Quote from just21:

If the Fed just follows the t-bill rate then the market is setting interest rates.

Not when the FED controls money supply.

achilles28 · Sep 24, 2009

Quote from Scataphagos:

If we were truly a capitalistic economy... THIS is what we'd be doing.

1. Replace the Fed with a computer which increased the money supply by about 2% per year to keep pace with population growth... no gold standard necessary.

2. NOT manipulating interest rates, tax favors, nor money supply.... there would be NO bubbles.

3. NOT be deficit spending.

4. There would be NO inflation... no deflation either.

Bond and short term interest rates find their own level of supply and demand.

Look what we have... MANIPULATION OF THE MANY TO THE BENEFIT OF A FEW, BULLSHIT!

I think that's a great idea. Was it Rothbard who came up with the computer?

Yea, whatever works. Fractional reserve banking and too much debt distorts markets, assets and future income.

achilles28 · Sep 24, 2009

Quote from ByLoSellHi:

All Bernanke is doing is borrowing money to try and reflate asset values and stimulate consumption. There's no coordination or game plan with any other entity of government to produce real GDP growth or improve business conditions or lay the foundation for individuals to become wealthier in real terms.

He is borrowing and spending to postpone the real meltdown.

What's not done, is just as important as what is done.

That's how i know we've been taken to the cleaners.

The solutions are obvious, and simple. Consumption tax, banking reform, sound money. None of it happens. Just more, crushing debt funneled to the perpetrators.

The writing is on the wall. The Doom and Gloom crew, are right. How much debt before consumption gets snuffed or the dollar tanks?

dtan1e · Sep 24, 2009

Quote from ByLoSellHi:

When he claims we are exiting recession before we have, and urges people to go out and spend, even taking on more debt in the process, and when his stimulus selectively targets a narrow slice of American Business (the financial sector) is such a focused, intense way - he is a poor actor.

All Bernanke is doing is borrowing money to try and reflate asset values and stimulate consumption. There's no coordination or game plan with any other entity of government to produce real GDP growth or improve business conditions or lay the foundation for individuals to become wealthier in real terms.

He is borrowing and spending to postpone the real meltdown.

for once, agree somewhat to buylose high, the money is not channelled to the "best" sector that translate into investments and ultimately real jobs and growth in the economy, by trying not to let the banks fail, Ben has tricked himself into a tunnel vision by on a one man basis decides where all the future USA taxpayers money should go to, which from the looks of it didn't end up in some fat bankers pockets, if he had let the economy correct itself this likely won't happen, as always when one thinks they r smarter than market forces