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Faber, again…

20 Feb

For four years the FOMC has been printing money to keep interest rates low in order to stimulate the economy. For just as long investors have been hand-wringing over the long-term dire implications of such quantitative easing. The basic idea is that the Fed will eventually stop printing and all assets would tumble, priced as they are relative to risk-free money. With the Bank of Japan, Europe, China and seemingly every other major economy now doing variants on this form of stimulus, the “race to debase” currency has become a phenomenon. 

When the nations group together (looking for a way out), they will find a scapegoat in the Dollar.  It will be for these reasons why they will opt, hoping against all hope, to replace the dollar as the world’s exchange currency.  It will be in the false hope of averting a collapse of their own.  They will not escape…

The question remains as to just how long this will take.  This winter?  This summer?  This spring?  One thing is for sure.  It will not be the American citizen, alone, who will suffer.

 

From Gains, Pains, & Capital ~ February 20, 2013

“We’re literally at most a few months, and very likely just a few weeks from Europe’s banks imploding, potentially taking down the financial system with them.”

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5 Comments

Posted by on February 20, 2013 in Uncategorized

 

5 responses to “Faber, again…

  1. The Soffitrat

    February 20, 2013 at 11:00 pm

    All: Markets are down right now.

    U.S. INDEXES,
    COMMODITIES
    SECTORS
    US TREASURIES
    ASIAN – PACIFIC

     
  2. Dannyboy53

    February 21, 2013 at 10:43 am

    It amazes me that America has withstood this assault as long as she has. A testament to the resiliency of our system! We can disobey, even stop the unconstitutional “laws” being declared by the present and past regimes but when it appears the entire world is against us in this respect…what do you do?

    “Get in, sit down, shut up and hold on”!

     
    • The Soffitrat

      February 21, 2013 at 8:32 pm

      This is really a western phenomenon. It is really amazing that we watch the Europeans collapse, and run after them. Trying to emulate their stupid asses! Kinda reminds me of Kalifornia setting the tone for the rest of the Country. We have been foolish for so long now. We deserve what we are about to receive.

       
  3. Dannyboy53

    February 21, 2013 at 10:33 pm

    “Trying to emulate their stupid asses!” This statement of yours is very telling Soffitrat! Evidence of the direction and goal the communists in American halls of government are forcing us to take.

    They figure on completing their goal…total world dominance. And we are the last to stand in their way.

     
  4. The Soffitrat

    February 22, 2013 at 12:59 am

    I think that this must be true, Danny. Only time will tell. However, it is the only logical explanation. It is both their goal, and their motive. And you are also right about us being one of their last and biggest obstacle. Oh, there will be pockets of resistance, but no coordinated, large scale operations like the Americans will put up. Many of those wearing blue helmets will fertilize our soil. They will never go home again. That will become our mission in life.

     

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