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Marc Faber Questions if Dow Could Hit 1,000
CNBC ^ | 30 July, 2010 | Mark Faber

Posted on 07/30/2010 2:59:07 PM PDT by Errant

In the August edition of the 'The Gloom, Boom & Doom Report' Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends...

...One suggestion from Faber is buying a self-sustainable farm in the middle of nowhere surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Chit/Chat; Society
KEYWORDS: doom; dow; economy; faber; gold
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1 posted on 07/30/2010 2:59:13 PM PDT by Errant
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To: Errant

Makes Gerald Celente’s prognotication seem almost mild in comparison. Someone just sent me this: The Death of Paper Money, from the Telegraph. Don’t know if it’s been posted on FR yet.

“Near civil war between town and country was a pervasive feature of this break-down in social order. Large mobs of half-starved and vindictive townsmen descended on villages to seize food from farmers accused of hoarding. The diary of one young woman described the scene at her cousin’s farm.

“In the cart I saw three slaughtered pigs. The cowshed was drenched in blood. One cow had been slaughtered where it stood and the meat torn from its bones. The monsters had slit the udder of the finest milch cow, so that she had to be put out of her misery immediately. In the granary, a rag soaked with petrol was still smouldering to show what these beasts had intended,” she wrote.”

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7909432/The-Death-of-Paper-Money.html


2 posted on 07/30/2010 3:09:31 PM PDT by Twotone (Marte Et Clypeo)
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To: Errant; RobRoy
"...One suggestion from Faber is buying a self-sustainable farm in the middle of nowhere surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans."

I think that's a darn good start.

Needs improvement though.

3 posted on 07/30/2010 3:14:19 PM PDT by blam
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To: Twotone
I believe I saw it posted here a few days ago. It is eye opening as may Ambrose's' article are.

The paragraph I thought about for days is:

People’s willingness to hold money can change suddenly for a "psychological and spontaneous reason" , causing a spike in the velocity of money. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money.

Thanks for reminding me... ;)

4 posted on 07/30/2010 3:18:21 PM PDT by Errant
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To: Twotone
“In the cart I saw three slaughtered pigs. The cowshed was drenched in blood. One cow had been slaughtered where it stood and the meat torn from its bones.

She forgot to mention all the dead half-starved criminals laying around.

If you hungry,, come in peace... you will be feed.

5 posted on 07/30/2010 3:19:51 PM PDT by MrPiper
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To: blam
Needs improvement though.

What,,, No flamethrower??? :)

6 posted on 07/30/2010 3:20:53 PM PDT by Errant
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To: MrPiper

feed=fed,,, same....


7 posted on 07/30/2010 3:21:11 PM PDT by MrPiper
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To: Errant

The Mystery Man came over
An’ he said: “I’m outa-site!”
He said, for a nominal service charge,
I could reach nervonna t’nite
If I was ready, willing ‘n able
To pay him his regular fee
He would drop all the rest of his pressing affairs
And devote His Attention to me
But I said . . .
Look here brother,
Who you jivin’ with that Cosmik Debris?
(Now who you jivin’ with that Cosmik Debris?)
Look here brother,
Don’t you waste your time on me

The Mystery Man got nervous
An’ he fidget around a bit
He reached in the pocket of his Mystery Robe
An’ he whipped out a shaving kit
Now, I thought it was a razor
An’ a can of foamin’ goo
But he told me right then when the top popped open
There was nothin’ his box won’t do
With the oil of Afro-dytee
An’ the dust of the Grand Wazoo
He said:
“You might not believe this, little fella, but it’ll cure your Asthma too!”
An’ I said . . .
Look here brother,
Who you jivin’ with that Cosmik Debris?
(Now what kind of a geroo are you anyway?)
Look here brother,
Don’t you waste your time on me
Don’t waste yer time . . .


8 posted on 07/30/2010 3:23:56 PM PDT by Bean Counter
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To: Errant

Let’s all buy a place in the middle of nowhere. How many places would it take so there is no “nowhere”?


9 posted on 07/30/2010 3:28:20 PM PDT by cydcharisse (`)
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To: Twotone; All
I found this by a young man on Youtube. He put a lot of thought into:

The end of the beginning, Stages of collapse.

10 posted on 07/30/2010 3:30:06 PM PDT by Errant
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To: cydcharisse
How many places would it take so there is no “nowhere”?

Believe it or not, a lot... I think back to my trips from Seattle to Anchorage, 4 hours at 600MPH, and of seeing more rivers and mountain ranges than I could count.

We have the technology today to make "nowhere" a home, from the driest desert to the frozen Artic.

11 posted on 07/30/2010 3:37:14 PM PDT by Errant
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What is a Bug out Bag to you?
12 posted on 07/30/2010 4:10:51 PM PDT by Errant
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To: Errant

Incomplete without a self-destruct 100kT nuke...


13 posted on 07/30/2010 4:15:39 PM PDT by pabianice
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To: pabianice

14 posted on 07/30/2010 4:20:21 PM PDT by Errant
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To: Errant

Is that Hillary’s “Overcharge” button?


15 posted on 07/30/2010 4:45:52 PM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
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To: blam

Land mines and mustard gas. Nerve gas and gas masks are better, but you are at the mercy of the wind.

Must haves in that sort of situation. Make sure the machine guns are good ones. Barrels melt, ammunition jams - gotta be ready, and a farm is a tough thing to defend with less than 10 people.

All that stuff takes a ton of maintenance.


16 posted on 07/30/2010 4:51:20 PM PDT by RinaseaofDs
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To: seowulf
Is that Hillary’s “Overcharge” button?

:)

17 posted on 07/30/2010 4:59:03 PM PDT by Errant
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To: blam

>>One suggestion from Faber is buying a self-sustainable farm in the middle of nowhere...<<

I got that part down. The cool thing is that it is STILL less than 15 minutes from TWO walmarts and one Lowes!


18 posted on 07/30/2010 5:13:17 PM PDT by RobRoy (The US Today: Revelation 18:4)
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To: Errant; All

Have you seen this video series yet?
http://www.chrismartenson.com/crashcourse

It completely changed my perspective when I saw it a couple weeks ago.


19 posted on 07/30/2010 5:16:31 PM PDT by RobRoy (The US Today: Revelation 18:4)
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To: RobRoy

whoever controls the gas stations at your shopping strip (and onsite farm gas tanks) controls you in that situation.

that’s the general consensus amongst those who talk about civil breakdowns.

First raid the shopping centers, but the smarter ones (and LEOs) will try to control the fuel.


20 posted on 07/30/2010 5:19:26 PM PDT by JerseyHighlander
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