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Marc Faber Spells It All Out in 6 Minutes, 4/5/2013

(Sorry for the bad news) I sure hope he'll be wrong on all accounts, this time, but I'm afraid it's unlikely:


http://youtu.be/KsRciLItC-g

Related: Dr. Faber's Monthly Market Commentary, April 2013

See also:

CNBC - What Happened in Cyprus Will Happen Everywhere (4/2/2013):

http://www.cnbc.com/id/100609635

CNBC interview video (4/3/2013):

"You have more people that vote for a living than work for a living. I think you have to be prepared to lose 20 to 30 percents. I think you're lucky if you don't lose your life. If you look at what happened in Cyprus, basically people with money will lose part of their wealth, either through expropriation or higher taxation."

http://youtu.be/va1zfNUvTH4

...

To whom it may concern:

one ought to be aware that Dr. Marc Faber doesn't exactly have the habit to speak lightly:

http://en.wikipedia.org/wiki/Marc_Faber#Investment_views

...

Don't space out. Stay aware.

I wish us best of luck.



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Maguire - Gold Deliveries Into China Soar To 1,000 Tons

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

There is a lagging period where you’ve got these vast quantities of fresh leveraged supply coming in vs this unleveraged physical demand. Leverage works in two ways. It also works against the sellers. I think you saw that last Wednesday with what I believe looked like a bottom.

The key thing is the physical wholesale markets, and I’m seeing the same thing now. I’m not seeing any letup in physical demand. The central banks, the sovereigns, they were buying at $1,800, $1,700, $1,600. But when you take a dip to this kind of level where we actually start to approach break even cost of mining (gold), well, obviously that was an act of desperation (on the part of central planners).

As Russia, or China, why not just pick it (gold) up and ship it over? It’s quicker (than mining it). So you’ve reached a point where the lines cross, and the physical market diverges. I have checked the numbers now and we are very close to 1,000 tons of deliveries just this year into Shanghai.

That does not account for the 25 tons we are seeing everyday through London. And that does not account for what is being directly purchased through producers. So there comes a point where you get such a discount that this demand increases exponentially. And we are not just seeing the central banks and the sovereigns coming in, we are also seeing some very smart money, I’m talking investment money, coming in (to the gold market as well).

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

McAlvany Weekly Commentary

This snippet is from the McAlvany Financial group. They put out a podcast every week called the McAlvany Weekly Commentary. It is a good show, well worth the ~30 min listen every week. It bothers me that this youtuber doesn't cite or link to where they get their clips from - very not cool.

Cyril's picture

I agree. Thank you

I agree. Thank you for the insight, I had hard time trying to figure it out, and I couldn't. I still posted for the content itself.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I believe there will be a

I believe there will be a complete and total worldwide economic collapse. I predicted this 5 years ago and proclaimed it on Zero Hedge and elsewhere many times. It's just a matter of time.

Short summary

1. The whole worldwide economic system is essentially a ponzi scheme barely being held together and is rapidly deteriorating towards total collapse.
2. When this collapse occurs the civil breakdown globally of 7 billion people is going to be unprecedented and complete chaos as most are now reliant on mega corporations and do not grow our own food and live outside of climate areas that do not need heating or cooling to survive. A vast majority of society now depends on big pharma, petrochemical companies and all the other multi-national corporations.
3. The global elite are pulling out all the stops to prepare for this collapse to protect themselves, including building and training their insulation with the military police state, the internment camps, disarming the populace, etc.
4. This orchestration will escalate until the whole system explodes or implodes. There is probably no avoiding what has become an assault on humanity and life as we know it. As long as some people want to control others there will be slavery and conflict.
5. We have run out of real estate on this finite planet so something has to give and it is going to be very catastrophic. Survival and the animal instinct will rear its ugly head with a complete breakdown of civility and the rule of law. People will probably become the same vicious and ruthless type of people as those ruling them now just to try and stay alive.
6. All of this is too bad because life doesn't have to be this way. A few fundamental philosophical changes in how we conduct our lives as Ron Paul has always professed would reveal an entirely different world, one filled with peace and prosperity. It is so painful to watch this whole beautiful world we live in falling apart because of misguided leadership and greed. We have run out of time and space, so be prepared for the worst.

beephree

Cyril's picture

BUMP.

BUMP.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

"All of this is too bad because life doesnt have to be this way"

"All of this is too bad because life doesn't have to be this way."

True.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Ouch.

Ouch.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius