Posted on 12/21/2009 10:24:06 PM PST by blam
Marc Faber On Economic Armageddon And The Collapse Of Capitalism
Stock-Markets / Financial Crash
Dec 21, 2009 - 02:02 PM
By: Submissions
Marc Faber Says Run for Your Lives!
"The Future will be a total disaster with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society."
[snip]
click on the site to view the video.
(Excerpt) Read more at marketoracle.co.uk ...
YUP.
Planned a long time.
Blam, when did you become convinced of such schemes, plans, strategies?
Have you read any of the quotes here:?
http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81
who?
What the dumbass from Chicago doesn’t understand is, Socialism cannot survive without capitalism to feed off of. It’s just the way it is.
A bit to tired tonight, maybe tomorrow.
People need to understand what is happening. We have been sold out by both parties. They are going to legalize all the illegals in order to neutralize our vote. it’s happening right before our eyes. Wake up people!
We don’t have a capitalist system, at least not as to larger corporations, banks, etc. We are closer to a fascist system, where corporate advantage is largely gained by purchasing favors from congress or state legislatures.
Nor is it a market system regarding creation of consumer or corporate debt. The discipline of the market has been replaced almost completely by government cheerleading to borrow more money.
So when the system collapses, it won’t be a capitalist system collapsing.
Small businesses still operate in a mostly capitalist way. They may forestall the collapse for a while.
Sunday, December 20, 2009
Unemployment and Bank failures January is going to be a dreadfully looking month Bob Chapman. Unemployment figures are a scam Bob Chapman
http://networkedblogs.com/p21683382
So this century will be just like the last century ?
I tell people capitalism will never collapse, because capitalism is the natural order.
You raise horses. I make horse shoes. You sell a horse and help me expand my horseshoe business. I sell more horseshoes to you and others and help you build a fence.
Seems to me, this type of outcome is as natural as the day is long!
BUT... saying that.... Wall Street and the great economic “engines” in our society no longer seem to represent in any way the simple ideas I outlined above.
If the stock market goes to 2000, that’s NOT capitalism failing. That’s financial mismanagement, resource mismanagement, and monetary policy mismanagement.
The dot com bubble actually worked. The companies that had good business models and ideas and who offered services that the public wanted DID succeed, and are bigger now than ever. But it was the speculative elements more like leaches that collapsed it.
I don’t need Faber to tell me that the “dark side” has done a fine job of setting America up for the fall.....its all up to a time of their choosing....
Heck....they may want to drag this all out for a decade or longer....for whatever reason.
Then again it could just be a matter of weeks before this house of cards falls.........
Closer to corporatism, at least until the jackboots are set upon us.
No sweat. Just curious.
Thanks.
THX.
Well put, I think.
So market timers should know to short the market 3 to 10 years from now.
That is spot on, by my analysis of our situation.
Steven Crowder takes audiences on a tour of Detroit. “Detroit can serve as a valuable lesson to the rest of the country. It has been the perfect laboratory for leftist policies at work. The more you examine the policies of Detroit’s politicians, the more strikingly similar to this administration they become.” http://bighollywood.breitbart.com/scrowder/2009/12/21/is-this-the-future-of-america-detroit/ You don’t think this could not happen in Chicago or Philly or name your city, of course it could.
It will if the people running those cities don’t quit using them for their personal ATM machines
or are not held accountable..
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