Posted on 03/27/2013 8:27:32 PM PDT by Kartographer
Here's his explanation: When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. I just mentioned that it doesn't flow evenly into the system. Now from time to time it will lift the NASDAQ like between 1997 and March 2000. Then it lifted home prices in the U.S. until 2007. Then it lifted the commodity prices in 2008 until July 2008 when the global economy was already in recession. More recently it has lifted selected emerging economies, stock markets in Indonesia, Philippines, Thailand, up four times from 2009 lows and now the U.S. So we are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide.
(Excerpt) Read more at businessinsider.com ...
Preppers’ PING!!
No it won't. Will sleep VERY well.
You could at least read it first.
If Marc Faber says you can’t even hide in gold, that’s bad.
“When your outgo exceeds your income, your upkeep will be your downfall.” (Paul Harvey)
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.All prophesied millennia ago. Losing sleep over it will use up too much energy.
— Ezekiel 7:19
I think a systemic crisis means nothing economic works any more, like banks, business, jobs, etc.. That being the case, no one has to pay bills because businesses are closed and there is no money to be had because banks are closed. Now, that is a genuine crisis. There surely would be riots everywhere because water wouldn't come out of the faucets and no food would be in stores.
Hussein and his government would keep living because they have the greatest of preps ready and waiting for them, and preppers would keep living and others wouldn't. Could it get that bad? At this point, I think it could. The nation as a nation is no more right now.
There is no ammo in this country to buy for the first time since I have been alive - 80 years. Every weapon being bought now is a club since there is no ammo. Remember when we thought the supply would finally catch up to the demand? It has only gotten worse month after month.
Everything in this country has gotten worse month after month. I don't see an end to “worse”.
What also struck me is that Mr. Farber seems sure that gov’t will not hesitate to steal from the well-to-do to the tune of 20-30 percent.
And the most precious of metals may not help you either.
Quite a departure from the Farber I’ve known in years past.
There are times in history, when there’s no place to keep extra wealth. That happens. People who are propped up by false economies and odd social regimes can’t stay that way or be assured that their descendants will continue in wealth. We don’t live forever in these aging bodies, either, although some are trying to do that.
We are not producing enough in the West for revenues to support the present paradigm of strange social policies and gossip, but we are piling up debt for foreign products. The consequences will happen, and those consequences won’t be as colorful or exciting as they are in movies. It’s easy to be confused by a regime of false accusations in political speech and community relations.
Here’s the truth behind the facade of contemporary political speech. The more influential political subgroups won’t be fighting the falsely predicted waves of attacks from the people they currently look down on (nothing more to rob there). In reality, they are already positioning in politics and personal plans to fight each other, instead, over a pool of debt/revenues that will shrink under inevitable austerity measures.
278 employers against the defense of marriage
http://freerepublic.com/focus/f-news/3001499/posts
And there are many more than that. In fact, many businesses are government-linked either directly through politics in various levels of government or at least dependent to great extents on recirculating debt from customers who receive incomes from government in various ways. And yes, most people in big business are quite socially aberrational (full of so-called progressive policies—that is, socially morbid policies: examples, anti-family, environmentalist, using regulations to prevent competition, sexually confused).
Mr. Farber’s cookware is made of a precious metal—stainless steel.
BFLR
What these people (Faber and analysts) are worried about is the well-to-do’s to keep their wealth in times of crisis.
What happened in Argentina years ago, for regular folks? It seemed like we are talking about two classes of people.
Then they would be stealing from themselves and their good buddies who prop them up. No, they'll be going after the rungs below the top.
“Then they would be stealing from themselves and their good buddies who prop them up. No, they’ll be going after the rungs below the top.”
Of course. The serfs always pay through the nose. But will that be enough to save the banking/political elites? Maybe they’ll target monies from the politically incorrect rich only; those who aren’t welcome at the NWO table when the time comes.
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