Marc Faber says "avalanche of selling" coming

dealmaker said:
In this case farmer bartered because his wife always wanted a piano, it served a need. I am sure there will be a farmers/ ranchers who will accept gold but the question is how much gold for a bag of potatoes.
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I would say...the worse the crises is to "Armageddon" the more someone would have to receive in gold to give up food! The more a farmer would think "things" will turnaround eventually, the more he'd feel good about the value of gold holding up? P.S. Not trying to be an ass here, but the piano served a "want" not a need...FWIW. :)
 
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dealmaker said:
agree with comagnum 100% eg in post WWII Germany and Austria when the markets collapsed and the paper money became useless, people who fared the best, if not flourished were the farmers and ranchers; the people who fared the worst were the professionals and the academics IE food trumps all else.
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Correction WWI not WWII.
 
comagnum said:
How much higher can the market go - who knows?

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Good chart; i never did care much for CNBC always calling[many ] tops in a uptrending bulllmarket; + even worse-- trying to PUSH buyers in bear markets. Art Cashin can be helpful; some of CNBC charts look like kids drew them-- maybe so LOL. NO disrespect intended to the kids LOL.
 
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