Can Inflation Data Be Trusted?

Feb. 2 2011 | Discussing whether investors should fear inflation, with Vince Reinhardt, former FOMC monetary affairs director and Brett Arends, Wall Street Journal

Marc Faber : Inflation Higher Than Official Statistics Reveal

Feb. 2 2011 | Inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the “Gloom, Boom and Doom” report told CNBC on Wednesday, with increases in the cost of living between five and eight percent in the United States and just below that in Europe.

Marc Faber : Bernanke is a liar

Marc Faber on CNBC 02/02/11

Feb. 2 2011 | Inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the "Gloom, Boom and Doom" report told CNBC on Wednesday, with increases in the cost of living between five and eight percent in the United States and just below that in Europe.
Marc Faber : we are all doomed in the long run , what is happening in Egypt could happen in Pakistan ....Ben Bernanke is a liar he lies about the annual inflation rate in the United States ....

Marc Faber : New Crisis on Horizon Once Fed Support Ends

Feb. 2 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses his investment strategy in emerging markets and the outlook for the U.S. recovery. He speaks from Troika Dialog's "Russia Forum" in Moscow with Andrea Catherwood on Bloomberg Television's "The Pulse."

Bernake and his crowd are latter going to have to chose: the stock maket, old bucky, or the bond market as none of the nonsense going on is substainable,. one of them is going to get thrown under the bus and if he really screws up which seeing how he has screwed up damn near everything all three may come down like a ton of hard rock at the same time.They won't be able to put Humpty Dumty back togther again next time if that happens.

Emerging Inflation Infection

Feb. 1 2011 | A look at the areas that are being hit with inflation the most, with John Rutledge, CNBC contributor; Peter Morici, University of Maryland and David Goldman, First Things Magazine.

Elizabeth Warren : Consumer Protections to Arrive This Summer

A new federal watchdog will be policing credit cards, mortgages and other financial products beginning this summer. Treasury Adviser Elizabeth Warren explains how the Consumer Financial Protection Bureau will impact consumers. (Jan. 31)



Life has become so difficult in the U.S and its not getting easier when the Government gets involved.

Eating healthy is complex and ridiculous. You pay off your debt and you're penalized by so bullshit clause hidden in the fine print.

Consumer's have NO protection. 4G is called 4G when it's NOT 4G.

No one is policing shit. A person can advertise whatever the fuck they want and no one says a fucking thing.

Marc Faber : in 2011 or 2012, there will be disappointments coming out of China

Marc Faber :"...I do not think I would necessary invest in Venezuela and my concern about commodities and warrants on China, mainly economies that have larger exports to China than to the United States, is that some time in 2011 or 2012, there will be disappointments coming out of China. The most vulnerable assets are assets that are tied to the Chinese economy, precisely like industrial commodities, copper and currencies of countries like Australia and Canada and also their stock markets. ..."
in ET Now 

Marc Faber : All central banks in the world will not increase interest rates above the rate of inflation

Marc Faber : ....All central banks in the world will not increase interest rates above the rate of inflation. In other words, they will keep essentially expansionary monetary policy, but it will create more problems and misallocation of capital. So, investors will begin to worry.....

Robert Prechter of Elliott Wave International on Goldseek Radio Jan. 28, 2011

Robert Prechter of Elliott Wave International Robert Prechter on Goldseek Radio Jan. 28, 2011


Elliott Wave International


Robert Prechter is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
more at http://radio.goldseek.com >>>

Marc Faber : Obama is intellectually dishonest and nothing has changed.

Marc Faber :.."...I think what should happen in the US is for the president to tell the US, you have to tighten your belts. 'We have to go through hard times for 5 years to repair the damage that was committed over 20-25 years by the Federal Reserve, by the Treasury, by the politicians, and somebody has to tell the truth. But the politicians keep on fueling the illusion that you can spend yourself out of the misery, and that by printing money you will improve the economy, which is not the case...."

in Bloomberg

Marc Faber : Natural Gas is relatively inexpensive

Marc Faber :..".....I wish I knew, but I think natural gas is relatively inexpensive. In general, entry prices will go up in the next few years. We may have corrections. I do not know which asset class will be the best performing in 2011. I just can give you asset classes that are relatively inexpensive. These would relate to markets like the Middle East, Vietnam and Russia, which is still reasonably good valued. The big move in equity occurred between March 2009 and the end of last year, and in some markets, it was earlier in April 2010. From here onwards, the upward move will be much more difficult. ...."
in ET Now

Marc Faber : you will be better off in equities and commodities than in government bonds and cash

Marc Faber : ..."...I am very negative about the world, because I think that what caused the crisis in 2008 was excessive credit growth, excessive leverage in the system, and now the private sector is deleveraging, but governments are printing money, and through huge fiscal deficits are creating even more debt growth. So in other words, what killed the economy is now being applied to revive the economy, and I think this will lead to a disaster. But if you think it through and you believe in the disaster scenario I’m envisioning, then you will be better off in equities and in commodities than in government bonds and cash....."
in  www.bbc.co.uk

Marc Faber : US Treasuries are a suicidal investment

Marc Faber : "..... In the long-run, for sure US Treasuries and most government bonds are a suicidal investment. But as a shorter-term timeframe, and I think for the next three months or so, I think we have a situation where stock markets have become very overbought, and emerging markets in January, most of them failed to make new highs above the November, December highs, and recently some of them have sold off very considerably, plus the Chinese market is giving you a signal that something is not right in the Chinese economy, because it is going down. For the next three months you have to shift out of the Emerging Markets, they may correct 20-30%, out of industrial commodities, on a relative basis. And I think the sentiment, just recently, was overly optimistic on the reflation trade, and overly negative about treasury bonds, so treasury bonds right now are oversold, and as of tonight I got the buy signal on US Treasurys. I think Treasury are the best place for the next 3 months, as is the US dollar. I think a correction is coming in the range of 10% in the S&P and 20-30% in the emerging markets. ..."
in Bloomberg TV

Joseph Stiglitz : Euro volatility ahead

About Joseph Eugene Stiglitz
He is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank.Nobel prize-winning economics professor Joseph Stiglitz speaks to Axel Threlfall of Reuters Insider about the major themes of this year's World Economic Forum gathering in Davos, Switzerland.

Marc Faber : We have high inflation in Vietnam and China

Marc Faber :"...We have high inflation in Vietnam and China. If each of the central banks does not do anything, inflation will accelerate and eventually cause even more problems. If the central banks step in and tighten monetary conditions, it would not be very good for equities. ..."
in ET Now

Marc Faber : Sensex may test 16000 levels at least

Marc Faber : Correction in emerging markets on expected lines



Marc Faber : "....It was not entirely unexpected to me because since March 2009, emerging markets have significantly outperformed developed ones and through easy monetary policies in the US, we created bubbles in the emerging economies, particularly in terms of inflation. So, the emerging economies, having this excessive liquidity and high inflation, have to tighten here, or let inflation go and have problems later on. So some money is flowing out of emerging economies. ..."
via ET Now

Marc Faber : Bernanke cannot print Gold

Marc Faber : Cash at 0% doesn’t accumulate wealth either. The moment central banks implement monetary policies where they keep interest rates negative in real terms, in other words interest rates are lower than the rate of cost of living increases, then it is very difficult to value anything. The only thing I can say is, Mr Ben Bernanke, Chairman of the Federal Reserve, and other central banks, they can print an unlimited quantity of money, but you cannot print gold. Gold is limited by its annual supply of around 2,500 tonnes annually. So it is not that gold is going up, it is that the paper value of money, the purchasing power of money is going down vis-à-vis a unit of account, which is gold.
in www.bbc.co.uk

Steve Keen the causes of the Global Financial Crisis

The causes - Global Financial Crisis Event - Dr. Steve Keen

Marc Faber on Davos participants

Marc Faber :"...I dont think the 'thinkers' are in Davos. I think it's a group of liars, and people that go along with the system, and perpetuate fraud and abuse, and dubious practices in the financial system...."

Full interview with Bloomberg on 01/25/11 below :

Joseph Stiglitz sees euro volatility ahead

Nobel prize-winning economics professor Joseph Stiglitz speaks to Axel Threlfall of Reuters Insider about the major themes of this year's World Economic Forum gathering in Davos, Switzerland.

Rush Limbaugh agrees with Dr. Marc Faber

Rush Limbaugh - Marc Faber - At Lest Bush Never Prostituted Himself Like Obama
Rush Limbaugh plays a sound bite of Marc Faber of Gloom Boom And Doom and his comments on a liberal station about Obama was driving the host crazy.

Will The Inflation Virus Hit US?

Jan. 28 2011 | Insight on civil unrest in Egypt, inflation pressures worldwide, and more, with Don Luskin, Trend Macro; Thomas Belesis, John Thomas Financial; Jim Lacamp, Macroportfolio Advisors; and Evan Newmark, The Wall Street Journal.

Marc Faber : the accounting in Chinese companies is frequently very untransparent and questionable

Marc Faber :....Yes, that maybe the case, but I think for the average investor, rather than to invest in Chinese companies and stocks where the accounting is frequently very untransparent and questionable, if you really believe in China, then you buy oil or you buy industrial commodities or you buy the Australian or the Canadian dollar, or the Australian stock market. I mean there are better ways to play China than necessarily to invest in China.....
in www.bbc.co.uk

Fear of Global Stagflation

Jan. 25 2011 | Copper, oil and silver all fall on fears of slowing growth in Europe and rising rates in Asia

Marc Faber : we have clearly a bubble in China

Marc Faber : Well, I think in the case of China, we have clearly a bubble, if we define a bubble as an economy where credit growth is very strong and where interest rates are artificially low. But, will it burst tomorrow, in three months or in three years, who knows?

Davos Annual Meeting 2011 - What Is the New Economic Reality?

Davos Annual Meeting 2011 - What Is the New Economic Reality?



http://www.weforum.org 26.01.2011
The notion of a "new normal" is premature given the fragility of the global economy, but the elements of a new economic reality appear to now be in place.

In partnership with the World Economic Forum, Time magazine hosts this debate focusing on the elements of the new economic reality.

• Azim Premji, Chairman, Wipro, India
• Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA; Global Agenda Council on Fiscal Crises
• Sir Martin Sorrell, Chief Executive Officer, WPP, United Kingdom
• James S. Turley, Chairman and Chief Executive Officer, Ernst & Young, USA
• Min Zhu, Special Adviser, International Monetary Fund (IMF), Washington DC; Member of the Foundation Board of the World Economic Forum; Regional Agenda Council on China

Moderated by
• Michael J. Elliott, Editor, Time International, and Deputy Managing Editor, Time Magazine, USA

Marc Faber : Obama has done a horrible job and nothing has changed

Marc Faber Expects 10% Drop in S&P 500, Says Stocks Expensive

Jan. 25, 2011 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the U.S. economy and stock market. He speaks with Matt
Miller and Carol Massar on Bloomberg Television's "Street Smart."
Marc Faber : well I was very critical of Mr Bush but at least he had one line and he sticked to that line , he set out to do a scene and he was relatively straight on that scene that he did , he may have been wrong and I criticized him very frequently but at least he did not change his mind continuously and even prostitute himself ...we foreigners we just laugh , we just laugh at someone like president Obama ...well if you want me to be honest I think he has done a horrible job and I think that will continue I think he is basically a dishonest person and change ?!?! nothing has changed ...let's change the subject from politics to actually economics and to investment markets because in three days I have to go to the United States I do not want to be hasseled at the border


Marc Faber appeared on Bloomberg TV, in what may go down in history as his most scandalous interview ever.

Faber, who appears to have had enough with all the bullshit, propaganda, and lies, replies: Ben Bernanke should be disposed, and as for the president, "I think he's done a horrible job and I think that will continue, I think he is a dishonest person, and nothing has changed"...

Some politicians are more honest than others. I don't think that I have a very high regard for politicians, I have a high regard for businessmen and for people who work, and not for people who abuse the system continuously.

In comparison to other politicians, I think he came in on a platform as a president that would want to change the government in Washington, and actually he's made it worse...

We foreigners, we just laugh at someone like Mr. Obama.I agree with Marc .. Obama has done a horrible job and it will only get worse .. Good luck at the U.S. Customs and Boarder Service, Marc!

Marc Faber : I think the Euro will survive

Marc Faber : Well, I think the euro will survive, but as is the case in the US, the ECB is expanding its balance sheet, and that hates to see the balance sheet because the quality of the bonds they own must be of very poor quality and so, we will have to muddle through. But, in general, I believe some weaker countries or weaker members of the EU like Spain, Portugal, Greece eventually will default.
in www.bbc.co.uk

Inflation Around the World

Jan. 25 2011 | A look at the global hot spots when it comes to inflation and spiking food costs, with CNBC's Steve Liesman.

Marc Faber : we will have QE3

Economist Marc Faber, nicknamed Dr Doom, predicts disaster and advises buying gold. Cash at 0% doesn’t accumulate wealth either says Dr. Marc Faber : The moment central banks implement monetary policies where they keep interest rates negative in real terms, in other words interest rates are lower than the rate of cost of living increases, then it is very difficult to value anything. The only thing I can say is, Mr Ben Bernanke, Chairman of the Federal Reserve, and other central banks, they can print an unlimited quantity of money, but you cannot print gold. Gold is limited by its annual supply of around 2,500 tonnes annually. So it is not that gold is going up, it is that the paper value of money, the purchasing power of money is going down vis-à-vis a unit of account, which is gold, there are no sound currencies anymore , the only sound currencies are gold silver platinum and palladium , you cannot print gold unlike paper money says Dr. Marc Faber ....we clearly have a bubble in china , if you really believe in china , the way to play China is by buying oil industrial commodities Australian and Canadian dollars , because if there is strong growth in china the prices of commodities go up , for the average investor this is the best way to play china rather than investing in Chinese companies and stocks where the accounting is frequently questionable and in-transparent....there are better ways to play China than to invest in China , Marc Faber says that he believes the Euro will survive but that some weaker members like Spain Portugal Ireland Greece ... will eventually default....

Click Here to listen to the Interview >>>>: http://www.bbc.co.uk/i/p00d2wwj/

Food Inflation ETFs & Emerging Markets

Jan. 24 2011 | CNBC's Simon Hobbs takes a look at food inflation's price on the global markets.

Stiglitz discusses "Creating a Learning Society: An Agenda for Dynamic Societies in Uncertain Times"

Speaking at AUC The American university in Cairo Egypt , on the global economic crisis and its aftermath, winner of Nobel Prize in economics 2001 Joseph Stiglitz argued that for a learning society to develop, states must be able to fulfill five critical criteria: emphasize the importance of education, demonstrate openness to new ideas, allow competition, promote industrial policies such as a stable and fair exchange rate, and create an innovation system. "Where there are good policies and a comprehensive agenda required, this will make for a more interesting and dynamic society and economy," said Stiglitz, Columbia University professor and best-selling author.

Marc Faber identifies The golden trade for the next 3 years

Marc Faber :" ....In three years or 10 years time, precious metals will be higher than they are today. But we may have a correction coming in the next, say, three months. But in general, when I look at the risk and the reward, it is very likely that precious metals will continue to perform reasonably well. But if S&P drops to around 950, then the Fed will again massively ease and print money. So the surprise could actually be that in nominal terms, equity markets actually go up. They may not go up in gold terms, but they may go up quite strongly in nominal terms. So I would not be overly bearish about equities. "
in www.economictimes.indiatimes.com

Vince Stanzione - Trading Currencies and Commodities with IG Index

Vince Stanzione explains at his sold out Global Financial Trading Day how to profit from Currencies and Commodities using IG Index and Financial Spread Betting. See how he profits from teh fall in Oil prices and learn how the crowd and most IG Index customers think and act. 90% of all financial spread betting customers make little or now money - 10% make a fortune

David Morgan Interviews Eric Sprott 1-22-2011

David Morgan talks with Eric Sprott about future Gold to Silver ratios....1-22-2011

Gold was the investment of the last decade Silver is the Investment of this decade says Eric Sprott ...BUY THE SILVER NOW!..David Morgan and Eric Sprott discuss the gold to silver ratio. and much much more ...Eric Sprott is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver. The only guys you could add to that list would be James Turk, Adrian Douglas and Mike Maloney.

Jim Cramer Headlines GPCC Economic Outlook 2011 Conference

The Greater Philadelphia Chamber of Commerce's 13th annual Economic Outlook conference, presented in partnership with Firstrust Bank, featured Jim Cramer, host of CNBC's "Mad Money." View Jim Cramer talk about being back home in Philadelphia, his take on the economy and what he recommends to invest in now.

Paul Krugman interview with aljazeera January 22, 2011

Paul Krugman, The visionary economist and Nobel Prize winner shares his insights into international trade and finance , one on one interview with aljazeera TV . Paul Krugman, who was named Columnist of the Year by Editor and Publisher magazine, writes a twice-weekly column for the op-ed page of the New York Times. He is a professor of economics and international affairs at Princeton University, and the author or editor of 20 books and more than 200 professional journal articles

Systematic Risk, Systematic Regulation - BCLS 2010

Systematic Risk, Systematic Regulation: Banking Post-Financial Crisis

Blouin Creative Leadership Summit
September 23, 2010

Featuring
Matthew Bishop, US Business Editor and New York Bureau Chief, The Economist
Dr. Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University Graduate School of Business
Joseph Wambia, CEO and Chief Investment Officer, WambiaCapital
Dr, Paul Wilmott, Founder, Wilmott.com
Josh Wolfe, Co-Founder and Managing Partner, Lux Capital


The global financial crisis was caused not only by insufficient financial regulation, but through misconceptions of the very models and instruments used to manage risk and price assets. What new models of risk need to be taken on by banks post financial crisis? How can banks continue to take risk and therefore maximize both shareholder and client value without causing systematic risk for the financial sector as a whole? Is regulation or innovation the answer?

Marvin Schwartz 2011 Predictions

Jan. 21 2011 | Strategy Session’s interview with legendary value investor Marvin Schwartz of Neuberger Berman moved markets. But the interview continued after the cameras stopped rolling.

AROUND THE WORLD WITH JOSEPH STIGLITZ - TRAILER

In this hard-hitting documentary about the perils and promises of globalization, Nobel laureate Joseph E. Stiglitz takes a tour of the world showing us how it can be made to work. Interviews with the president of Ecuador, African tribesmen, South American oil workers, angry farmers in India and the former president of Botswana reveal some of the paradoxes of our day--that while globalization is helping some countries, it has proved a disaster for others.

Marc Faber : I like Asian real estate

Marc Faber :"...Basically I am not very keen to buy emerging economies at the present time and I would rather lighten up positions. As far as the equity allocation between equities, bonds, cash and precious metals, commodities and real estate is concerned, that depends on every individual. It is like if you go to the doctor and you tell him ‘oh, what kind of pills shall I take?’ That depends very much on the individual, on the status of his health, on his ailments and so you cannot generalise.

But for me, I like Asian real estate, I like equities in Asia, I still like precious metals and I like in particular physical precious metals. I also own gold shares because I am the chairman of several resource related companies, mining companies in the exploration domain and so I own them. But my preference is for physical gold and silver and then I own real estate and I have some bonds not because I particularly like bonds, but I look at corporate bonds as kind of an equity with a relatively high dividend. ..."
in www.economictimes.indiatimes.com

Niall Ferguson : The Grand Strategy of Detente

Speaker: Professor Niall Ferguson
Chair: Professor Arne Westad
This event was recorded on 18 January 2011 in Old Theatre, Old Building
'Nixon goes to China' shattered the façade of Communist unity and dug the United States out of the hole it found itself in at the end of the 1960s. Critics have seen Nixon and Kissinger's policy as morally compromised, but was it actually the key to America's victory in the Cold War? Niall Ferguson is Philippe Roman Chair in History and International Affairs at LSE IDEAS for 2010-11.

Jim Cramer explains how the Stock Market is Manipulated

Jim Cramer Spills the beans he explains how the Stock Market is Manipulated ... Learn The Secret To Make Money whether the stock market is doing great or poorly!

Marc Faber : the dynamics in Oil Market between the demand and the supply look quite promising in the long run

Marc Faber : "....Yes, I am still positive about oil and I am aware that some analysts predict oil prices to drop to $30 and copper prices to drop 70%, but the fact is simply the oil demand now-a-days in emerging economies exceeds for the first time in the history of capitalism. The oil demand in the developed world and this oil demand in emerging economies will continue to go up. So the demand side looks quite strong.

On the other hand, you have prices between $70 and $80 and someone could argue well that that is a very high price and so maybe prices will temporarily decline - that may be the case. But I would like to point out that for any oil company to go and explore and drill for new oil, the oil price has to be around $70. Otherwise, they would not do it because the marginal cost of new production is around this level.

Secondly, unlike say a farmer who harvests, oil is a finite resource in the sense that once you pump it and you burn it, it is no longer there. The farmer can harvest his crop every year again and again and again. In the case of oil, once you pump it, it is gone and you use it. So in most countries, oil production is going down and oil reserves are going down. In other words, the world will hit one day peak oil, the way the US hit peak oil in 1970. So the dynamics between the demand and the supply side look actually quite promising in the long run. ..." via www.economictimes.indiatimes.com

Marc Faber : natural gas is cheap

Marc Faber : "...Each commodity is differently placed. In general, the price of natural gas is cheap while cotton price is on the high side. Grains will move according to supply issues. If the floods or droughts continue, then we will face disruption and prices could go higher. The asset markets are quite extended and the period of consolidation or serious correction could unfold...."

via www.moneycontrol.com

Marc Faber you should own some oil or energy equities

Marc Faber on CNBC 01/19/11

Jan. 19 2011 | Why the US and Europe will outperform emerging markets this year, with Marc Faber, Gloom, Boom & Doom Report, and Douglas Holtz-Eakin, American Action Forum.Marc Faber explains why developing economies might outperform Emerging Markets in 2011 , in either cases whether you are very bullish or very bearish you should own some oil or energy equities Dr Marc Faber says

Stiglitz urges South Africa to weaken rand

Nobel Memorial Prize winning economist professor Joseph Stiglitz has once again encouraged South Africa to take a more interventionist stance to weaken its exchange rate, saying that commodity-rich countries are correct to actively respond to the threat posed by over-valued currencies.



Moneris carries merchant supplies including
POS Terminals and processing equipment.

Joseph Stiglitz : Carbon mispricing delaying investment, crimping recovery

The current "mispricing" of carbon is a serious disincentive to investors with projects designed to "retrofit" economies for a lower carbon future and to investments that would help stimulate still flagging global aggregate demand and job creation, Nobel award-winning economist Professor Joseph Stiglitz argues.

Marc Faber : The US and Europe economies may outperform The emerging markets

Marc Faber :"...Yes. The emerging economies’ stock markets have outperformed the US significantly over the last 18 months since March 2009. We might have a period in which the more mature economies like the US and Europe can outperform emerging markets...."
via www.moneycontrol.com

Marc Faber : The FED and the Government Interventions create problems and inflates bubbles

Chris Martenson Interviews Marc Faber

Marc Faber : "..... I think that the government’s intervention into the free Market created the problems in the first place and we certainly have to view the Federal Reserve as having intervened into the free markets by keeping interest rates artificially low for far too long between 2000 and 2007. So their intervention at the present time is actually nothing new, it’s just larger in terms of scale and if you go back to the Federal Reserve starting with the early ‘80s, each intervention whether it was flooding the system with liquidity to save the S&L institutions or save Mexico in the Tequila crisis or LTCM in 1998 and so each intervention became larger and larger and created more misallocation of capital. And I think this will also be the case today." says famed contrarian investor Dr. Marc Faber in an interview he gave to ChrisMartenson.com this week.
Click here to listen to Chris' interview with Marc Faber

Read the Transcript of the Podcast at www.chrismartenson.com

Joseph Stiglitz, Former World Bank Economist and Nobel Laureate

Joseph Stiglitz, Former World Bank Economist and Nobel Laureate


The Global Poverty Summit is taking place in Johannesburg until Wednesday and it comes at a time when emerging markets, including many in Africa, are showing a much faster recovery from the global financial crisis than their developed market peers.

Professor Joseph Stiglitz, Nobel Laureate and former World Bank economist, is in South Africa for the Summit and he joins us now in studio. Joining ABN also is this evening's guest host, Gina Schoeman, who's Absa Capital's Lead Economist on South Africa.

Marc Faber: most currencies are equally as bad as the US Dollar

Marc Faber: Bullish on Gold, Silver

Marc Faber, contrarian investor and editor and publisher of the Gloom Boom and Doom Report and managing director of Marc Faber Ltd., says (at the 2010 Barron's Art of Successful Investing conference) that gold and silver should continue to shine.Marc Faber: most currencies are equally as bad as the US Dollar

Joseph Stiglitz and Rogoff at Davos 2011

Joseph Stiglitz and Rogoff at Davos 2011 discussing the debt problem and the challenges facing the global world's economy

Steve Keen on Monetary Reform and Economic Stability

Pete Young of EconomicStability grabbed this interview with Australian Economist Steve Keen, of the blog Debtwatch, in Chicago, October 2, 2010, where Keen was speaking at the American Monetary Reform Conference. Keen claims "the monetary reform, on its own, is not enough to stop financial speculation on asset prices" which he sees as the primary cause of the financial crisis, then goes on to describe the reforms that he thinks would prevent speculation and direct capital into "the real economy".

Elizabeth Warren | TAVIS SMILEY |PBS

 Elizabeth Warren discusses her relationship with the business community. To see full length versions of the Tavis Smiley show,

Bernanke : I am not monetising , we do not print money sleight of hands

Jim Puplava responds to calls about Bernanke monetising, money printing
recorded on January 15th 2011

Catherine Austin Fitts: We are Living In A Tapeworm Economy While Watching Tapeworm Media

Solari.com investment advisor Catherine Austin Fitts explains to http://www.FinancialSurvivalRadio.com host Jay Carter why Americans are stuck living in a "tapeworm economy," while internalizing the harmful messages of a "tapeworm media."

David Rosenberg Outlook for the Economy

David Rosenberg : The Bearish Outlook Where is the market headed ? On this week's Consuelo Mack WealthTrack, a Financial Thought Leader who called the credit and housing bubbles way ahead of the pack. Gluskin Sheff's prescient Chief Economist, David Rosenberg shares his economic and market outlook, plus advice on how to invest in it.

The Inflation Debate

Jan. 14 2011 | "Raising interest rates isn’t really going to help, it’s going to exacerbate the problem and we’re better off keeping interest rates lower to facilitate credit growth," Alpesh Patel, principal at Praefinium Partners told CNBC. Richard Milne, capital markets editor at the Financial Times also joined the discussion.

Catherine Austin Fitts : Are We Headed Toward Another Great Depression?

Are we headed toward another Great Depression? Investment advisor Catherine Austin Fitts gives http://www.FinancialSurvivalRadio.com a brutally honest answer to that question

Steve Keen : Can capitalism save the world?

Steve Keen is an Associate Professor in economics and finance at the University of Western Sydney. He identifies as post-Keynesian, criticizing both modern neoclassical economics and (some of) Marxian economics as inconsistent, unscientific and empirically unsupported.

The major influences on Keen's thinkig about economics include Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and Francois Quesnay. His recent work mostly concentrates on mathematical modeling and simulation of financial instability.

Matt Taibbi Talks About Secret Wall Street Committees

Matt Taibbi Talks About Secret Wall Street Committees



Everyone should read Matt Taibbi's "Griftopia." , just when you thought you had figured out how much corruption there is in Washington and Wall Street, you find out you "ain't seen nothing yet."

John Williams: Hyperinflation Will Start in the Next Couple Months

John Williams of Shadowstats has repeatedly warned that our economy is not doing as well as some would have you believe. From unemployment to GDP to current and future liabilities, there are fundamental problems that will not be resolved anytime soon - in fact, they're likely to get worse.
The end result according to Williams? A hyperinflationary depression.



John Williams Shadow Government Statistics is a monthly electronic newsletter that exposes and analyzes the flaws in current U.S. Government data and reporting, as well as in certain private-sector numbers. It also looks at the financial markets free of the hype so often put forth in the popular financial media. Generally published on the second Wednesday of the month, the newsletter is supplemented by Flash Updates and occasional Alerts that highlight unusual developments. The publication includes regular analysis of:

* The prior month's reporting (employment/unemployment, CPI, GDP, retail sales, housing statistics, factory orders, trade balance, consumer confidence, purchasing managers' survey and others) including estimates of actual results net of any reporting biases.

* The coming month's reporting, highlighting unusual circumstances and biases that could bring results in above or below market expectations.

* Economic series that are relatively free of reporting biases and what they indicate about the economy and inflation.

* Special features detailing the background of government series not previously explored in the newsletter, along with updates to changes in reporting methodologies for all major series.

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Lunch with Marc Faber: Predictions and Insights

StockSage submits: Tuesday I had the pleasure of meeting Marc Faber for the first time and I thoroughly enjoyed his detailed, logical, and smooth-flowing presentation. Faber is good on television, but he is much better live as he is more open with regard to his disdain for Bernanke, Greenspan, Krugman et al. He even ended the Q&A portion by saying ‘I hope you have a better idea of what to do with your wealth, but what you do with your client’s wealth is another story’. Below I have listed the main concepts that Faber’s presentation impressed on my thinking:Key takeaways from Marc Faber Luncheon- January 11, 2011Complete Story »

Inflation and Food riots Worldwide

FOOD RIOTS HAVE STARTED : food prices are  sky rocketing worldwide they're not just goin up by 10% in a lot of cases its an 100% increase or more, causing food riots here and there We have worked extensively to document rising food prices and possible coming food shortages. Now the Food and Agriculture Organization of 55 food commodities has recorded that global food prices hit an all time record in December. ALL evidence points to a dramatic increase in food worldwide. Please take the time to read through the articles provided below and prepare accordingly.

food prices are going up here like crazy they're not just goin up by 10% in a lot of cases its an 100% increase or more,im not even going to mention petrol,diesel,gas & electric,well i suppose i just have mentioned them,the sickening thing is all of the utilities companies will all post record profits this year just like last year & our leaders do nothing about it at all,
Food Prices Rise Higher Than Ever As Globalists Predict Food Riots
http://theintelhub.com/2011/01/11/foo...

Food skyrockets to highest prices ever
http://www.naturalnews.com/030961_foo...

Food Riots Begin
http://www.businessinsider.com/food-r...

'One poor harvest away from chaos'
http://www.telegraph.co.uk/earth/eart...

Food Prices Will Rise For Years
http://www.financialsense.com/contrib...

The Bitter Bite of Winter, Food Shortages Coming?
http://theintelhub.com/2010/12/13/the...

Sarkozy takes G20 case to Obama as food prices soar
http://www.reuters.com/article/idUSTR...

Gwynne Dyer: The future of food riots
http://www.straight.com/article-36762...

UN Notes Sharp Rise In Food Prices
http://www.nytimes.com/2011/01/06/bus...

Rapid Climate Change: Cold, Snow, And Food Inflation
http://theintelhub.com/2011/01/03/rap...

All Evidence Points To a Dramatic Increase In Food Prices Worldwide
http://theintelhub.com/2010/12/30/all...

You Are Being Warned! Freezing Temps May Lead To Food Shortages Worldwide
http://theintelhub.com/2010/12/22/you...

JPMorgan: Rising Food Prices Fuelling Inflation
http://www.economicpolicyjournal.com/...

Seven Reasons Why Food Shortages Will Become A Global Crisis
http://theintelhub.com/2011/01/07/7-r...

The Great Food Crisis Of 2011
http://www.foreignpolicy.com/articles...

Paul Krugman vs Niall Ferguson - Stimulus vs Austerity

Krugman v Ferguson - Stimulus v Austerity - The Third Depression Can Be Averted

The debate over stimulus, or Keynesian economics, opposed to austerity measures has been debated ad nauseam. This is a compilation of cuts that reflect part of the debate by perceived experts in economic theory. Paul Krugman is a Nobel Prize winning author and economist for the New York Times. Niall Ferguson is a Harvard Professor in economics. The two make arguments in favor of their view of economic theory.

PART 2 Audasity : The debate over stimulus, or Keynesian economics, opposed to austerity measures has been debated ad nauseam. Camera Tricks This is a compilation of cuts that reflect part of the debate by perceived experts in economic theory. Paul Krugman is a Nobel Prize winning author and economist for the New York Times. Niall Ferguson is a Harvard Professor in economics. The two make arguments in favor of their view of economic theory.

Robert Prechter - Predictions for 2011

Robert Prechter , like always... is a bear , Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views.


Since August 2009 Prechter is Bearish . In January 2010 he recommended to short the matket using the tripple short funds,

Marc Faber : the Stimulus money went into speculation in commodities and in equities not into job creation

Marc Faber : ....".... the rate of the acceleration of the (US) economy has obviously slowed down and the economy is very large , there are different sectors and different regions and so on some sectors are actually improving and some sectors are are still worsening in general what I think the statics of today the 10% unemployment seem to confirm is that there is a disconnect between the real economy , the real economy being the man in the street who works the middle class the working class and the financial markets market because of all the money printing and the stimulus that has been created by the governments and the central banks does not go into hiring new people and does not go into the construction of new factories and the acquisition of equipments and machinery but it goes into speculation , speculation mostly in commodities and in equities ......"

Market strategist and contrarian investor, Marc Faber editor and publisher, "The Gloom, Boom, & Doom Report" from Vancouver interviewed by Pat Bolland of the Canadian BNN , he talks about the economy and his outlook for investment markets

Portugal Debt Sale Will Ring Alarm Bells; Inching Towards a Bailout

Jan. 11 (Bloomberg) -- Richard McGuire, senior fixed-income strategist at Rabobank International, comments on the outlook for Portugal's planned auction of 10-year bonds tomorrow and the European Union's policy response to the region's debt crisis. He speaks with Maryam Nemazee on Bloomberg Television's "Countdown" in London.

Dennis Gartman : Euro Crisis a Virulent Disease

Jan. 10 2011 | Dennis Gartman, founder of "The Gartman Letter," discusses the Euro zone crisis with the "Fast Money" traders and says he still expects the euro to split into two currencies

Joseph Stiglitz : on the failure of the Keynesian Economic model

Joseph Stiglitz The 2001 Nobel Prize answered questions from french Mediapart about the austerity in Europe , The euro crisis , The crisis of public debts in the western economies and The "failure" of the Keynesian Economic model

Marc Faber : spending is the problem not saving

Marc Faber - The Economic Problem

Marc Faber - The Economic Problem - Extract from Marc Fabers ' on the Wall, When is the Next AIG to Fall?' presentation , Presented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan on 22 May 2010 in New York, New York. Includes an introduction by Mises Institute president Douglas E. French.

Joseph Stiglitz : The debt of the western economies

Joseph Stiglitz, Nobel Laureate in Economics, attended a conference on the crisis in Paris. He gives his analysis on the debt of the states and Western Europe.

David Rosenberg vs. James Paulsen on U.S. Economy

Oct. 6 (Bloomberg) -- David Rosenberg, chief economist at Gluskin Sheff & Associates Inc., and James Paulsen, chief investment strategist at Minneapolis-based Wells Capital Management, talk with Margaret Brennan about the U.S. economy on Bloomberg Television's ``InBusiness.''gov't spending is calculated the WRONG WAY into GDP: it should be a negative term, not a positive term. so if GDP to debt was 100 trillion vs 50 trillion it's really 50 trillion GDP vs 50 trillion debt (100%).



Nobody seems to be pointing out that the US is fighting 3 battles here - (1) market crash caused by corporate criminals in power, still to be arrested, (2) Free-trade agreements that drained the US middle class of Jobs, and allowed US multinationals to profit greatly on cheap Chinese labor, and (3) The credit / housing bubble that compensated US mainstreet for lack of jobs until it exploded!, thanks to inept polices by the Clinton and Bush adminstrations! 2 & 3 still to be FIXED!!
Paulsen has been bullish going back years. He's always been one to see through rose colored glasses. You could turn it around and say that David Rosenberg is a chronic bear. The problem is that David Rosenberg has been right. He predicted the meltdown and bear market and has been dead on about deflation and bonds being a superior investment. Where I think David Rosenberg may end up being wrong is underestimating Ben Bernanke. I think we end up with hyperinflation. Rosenberg is deflation.what is new is to discover that all nations are willing to have a currency-war debasing all major currencies as a direct and unavoidable response to the job-collapses of free-trade. The consumers are all broke because all their jobs are gone and this problem is PERMANENT. IRREVERSIBLE. Global depression is 100% assured at this point.

Marc Faber - Whats coming next

A quick extract from ' Marc Faber Outlines the Final End Scenario'  Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust.

The USA has lost control of its debts - (07Jan11)

The USA has lost control of its debts - Jim Chanos (07Jan11)


The USA has lost control of it's debts, with President Obama not cutting spending in any meaningful way, and the military spending and "TSA" spending - the biggest drain, continues upwards.

The question is, how much longer will China and net creditors continue to bankroll the wasteful spending, and if the USA will default on it's debts, further crippling it's economy.

You have to say, the USA has bought the predicament onto itself. They are one of a few countries that actually believe in the Keynesian Economics theory of pissing money up a wall in a recession, when you don't actually have any money. Printing money from thin air has made the situation FAR worse, and bailing out the corrupt and insolvent banks was a disaster - they should have been forced to collapse.

The UK got rid of one great fan of Keynesian economics, Gordon Brown, now the USA MUST get rid of Pres. Obama at the next election, or there will be no USA to speak of economically - no matter if they are seen still by suckers as a world reserve currency.

The reserve currency now will return to gold and silver, where it should have been in the first place. A currency back by something physical, not based on hot air and worthless promises of crooked governments and crooked bankers.

Recorded from Newsnight 07 January 2011.
And how do the people that bankroll America like China feel about having their investments devalued? Quantitative Easing will not get the US economy out of the hole they dug themselves in.

David Morgan -Welcome to The Silver Decade

David Morgan on the Financial Sense News hour 07 Jan 2011

David Morgan talks about the run on Gold and Silver. there is no bubble in Gold and Silver , David is very bullish on Silver in particular and calls the next decade the Silver Decade

Joseph Stiglitz Distinguished Speaker at The World Affairs TODAY

WAC-DC is pleased to announce the launch of its television series, "World Affairs TODAY", which will air every Sunday afternoon from 2:30-3:30PM on MHz Networks national channel, Worldview TV (for your local listings please visit www.mhznetworks.org). After initial airing, episodes will replay throughout the week and also be available on demand via the internet and gateway boxes.

Our series premier will feature Nobel Laureate Dr. Joseph Stiglitz, Former World Bank Senior Vice President and Chief Economist & The Honorable Roel Campos, Former Commissioner of the Security and Exchange Commission (SEC) as they discuss "Freefall: America, Free Markets, and the Sinking of the World Economy" and examine challenges and options going forward.

We invite you to view a 10-minute screener of our first episode. Continue to monitor us on Facebook as we will continue to preview upcoming episodes over the course of the next few weeks.

Money Printing Big Business for Fortress Paper

Jan. 7 2011 | Chad Wasilenkoff, CEO of Canada's Fortress Paper, which makes the euro for 10 countries and is the sole maker of the Swiss franc, said the company was very busy as a result of quantitative easing and money printing.

Bernanke US Federal Reserve Chairman predicts slow recovery

Ben Bernanke, the Chairman of the US Federal Reserve, says the US economy will continue to recover slowly.

Inflation eating at UK pay packets (06Jan11)

Inflation is eating the value of people's pay packets. They should ahve thought about that when they were okay with Labour bailing out the UK's crooked fraudster banks.

Recorded from BBC 6pm News, 06 January 2011.

Marc Faber : We have high volatility in all markets

Marc Faber : ...".....We have high volatility in all markets, a 10% move is nothing now-a-days. We have very high intraday volatility in the markets. We had never before so many up days with volumes of 9 to 1 and down days with volumes of 9 to 1. The downward volume is 9 times the upward volume and on up days, the up volume is 9 times the down volume. This is most unusual. So we have this volatility and this volatility comes about because the private sector is basically still deleveraging while the government sector is leveraging up. So you have economic and financial volatility in markets that is very high...."

Hyperinflation Ahead - Jorg Guido Hülsmann

Hyperinflation Ahead - Jorg Guido Hülsmann

http://www.lewrockwell.com/lewrockwel...

Lew Rockwell interviews Jorg Guido Hülsmann.

Quantitative easing is designed to bail out the federal debt, but it may presage Weimar.Dr. Hulsmann discusses the evils of central banking and fractional reserves, the blessings of deflation, and how Austrian economists are making vast progress.

Inflation is Now a Threat

Food Price Index Surges To Highest Level On Record

BTW rise of food price has nothing to do with Russia nor China, but it has everything to do with money printing (the Fed).

Marc Faber : I dont believe in China inflation is 4%

Marc Faber :"...Yes, but we have to define tighten. If you have inflation in India and in China running up say around 10%, I don’t believe in China inflation is 4% and if you increase interest rates say from 3-4%, we still have in real terms highly negative interest rates. There hasn’t been any monetary tightening, in such we have increased interest rates.
Just as the Federal Reserve, between 2003 and 2006, increased the Fed Fund Rate from 1% to 5.25%, there was never any monetary tightening because credit growth accelerated...."
in www.moneycontrol.com

William Gross of PIMCO Shares 2011 Outlook

PIMCO's Gross Shares 2011 Outlook

Jan. 5 2011 | William Gross, co-CIO of PIMCO, shares his outlook on the markets.

Bob Murphy : Lessons for the Young Economist

Jeffrey Tucker interviews Bob Murphy, author of 'Lessons for the Young Economist'. Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on 19 November 2010.Bob Murphy One of my favorite living Austrian economist

Erik Hurst - Business Forecast 2011 -University of Chicago Booth School of Business

Erik Hurst is the V. Duane Rath Professor of Economics and Neubauer Family Faculty Fellow at Chicago Booth. Hurst studies macroeconomic policy, consumption, time use, entrepreneurship, and household financial behavior. His research includes "Life Cycle Prices and Production" forthcoming in the American Economic Review; "Social Security and Unsecured Debt" forthcoming in the Journal of Public Economics; "Liquidity Constraints, Household Wealth, and Entrepreneurship," which appeared in the Journal of Political Economy (2004); "The Correlation in Wealth Across Generations," which appeared in Journal of Political Economy (2003); and "Home is Where the Equity Is: Mortgage Refinancing and Household Consumption," which was published in the Journal of Money, Credit and Banking (2002).

Additionally, his research on "Measuring Trends in Leisure," which appeared in the Quarterly Journal of Economics in 2007, was covered by the New York Times, the Washington Post, and the Economist. His current paper "Conspicuous Consumption and Race" explores the differential spending on status goods between black and white households.

Hurst won the 2006 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security for his article about the transition to retirement titled "Consumption Versus Expenditure," published in the Journal of Political Economy (2005).

He was the inaugural recipient of the John Huizinga Faculty Fellowship in 2005 and was awarded the William Ladany Research Award in 2001, which is given to a junior faculty member with promising research potential. In 2006, he was named a Neubauer Faculty Fellow; the previous year he was named a Charles E. Merrill Scholar, an honor given to Chicago Booth faculty who conduct promising research in the area of policy studies. He also has received grants from the Michigan Retirement Research Center and the Department of Health and Human Services. Prior to moving to Chicago, Hurst won two teaching awards while a graduate student at the University of Michigan. Additionally, in 2008, students in the Full-Time MBA Program selected him as the recipient of the Emory Williams Award for outstanding teaching.

Hurst is a member of the Economic Fluctuations Group, Aging Group, and Public Economics Group at the National Bureau of Economic Research.

He earned a bachelor's degree in economics and finance from Clarkson University in 1993. He received a master's degree in economics in 1995 and a PhD in economics in 1999 from the University of Michigan. Hurst joined the Chicago Booth faculty in 1999.