Quote from Debaser82:
Well, it's an interesting question that's for sure.
The housing boom all over the world was generally perceived as 'a bull market' in housing while the 'bull market' in precious metals during the seventies has gone down in history as a mostly inflationary currency problem.
The oil spike of this decade has been subscribed in general to high or unsustainable global demand.
Was that really the case or was it simply moneyprinting responsible for 150$ barrel of oil?
Who knows.
In the video from the opening post Faber states insurance costs have gone up 9% year to date yet these numbers don't show up in official statistics hence the claimed manipulation in government statistics.
Faber has emphasised the flaws in all paper currencies across the globe many times (he was even bullish on the $ in 08 and 09) as he has also stated more then often most governments lie and you shouldnt believe most of what they say.
Anyway, cutting to the chase I guess if you were to ask Faber in private (as he has done in public) he would probably admit to believing the US has been hijjacked by the Fed and their financial oligarch buddies who are well on their way to officially install fascism in the US with all consequences that come with that.
He was of the opinion the global financial system should have been declared bankrupt with governments guaranteeing deposits as it was basically a derivative issue and mom and pop don't own any of those.
Perhaps those beliefs clouden his view about the US a bit but I believe he is as much into economics as into (historical) geo-politics so it's inevitable for these two to get mixed up in his analysis.
I read Hugh Hendry's latest newsletter in which he asked the question 'What if Bernanke is right?' and brings solid arguments to the table as do other 'deflation' believers.
Myself I am not smart nor succesfull enough in the stockmarket to disregard any of the possible outcomes of the crisis we are in today predicted by both the inflationists or the deflationists.
I try to keep an open mind and look past the soundbites to find out why people say certain things and hope to have the mental flexibility to change my investment strategy should all empirical evidence expose the flaws in those same beliefs.
lol 
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Fed Reserve Member Fisher.... Texas ....
Who wears Dollar cufflinks....
Mentions that he cannot tell what part of the oil price is due to demand....and what part is due to speculation....
Being from Texas....one understands his biase....
Maybe Graham ....Texas AM...knows.....?
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As for Rogers.....when he was really running $....there were no books.....etc....continuous public sound....picture bytes...
As with any other pundit.....when one sees the actuals.....then one knows....
