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Old 05-20-2009, 06:03 PM
SeC SeC is offline
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Wink Prepare for War, the Death of capitalism and Bankruptcy of the US Government said


Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber

Marc Faber forecasts Economic Armageddon , the author of "The Gloom, Boom & Doom Report" foresees a litany of unpleasant events ahead , living up to his reputation for bearishness .

His key message is: buy real assets. He thinks it will take years for the global economy to recover, but when it does the effect of governments' printing money will ultimately reignite inflation.

"If you're in any field, you should own a farm because one day you will be grateful that you are able to grow your own agricultural produce."

Recovery will be slow because government meddling in the markets will postpone it. He argues that the final low for markets and for growth will only come when the debt and losses have been cleaned out of the system.

Continue to read:
a Marc Faber Blog: Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber

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Old 05-21-2009, 04:01 PM
1949 1949 is offline
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Default Re: Prepare for War, the Death of capitalism and Bankruptcy of the US Government said

Hi,

I believe all peoples of all nations should be putting in food storage.
At least 3 years worth. Especially medicine, water, blankets, and
medical boxes for use when times are beyond hard.
People will go back to the barter system and use of the horse and buggy, maybe
worse than that. I agree with you on all facts that you have given.
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