Posted on 02/03/2011 11:01:49 AM PST by Fred
If you "want to be hedged for complete disaster – World War III… you are better off in commodity-related investments", says Marc Faber in the latest issue of US financial paper Barron's.
That might seem drastic. But Faber is convinced that China's rise, and its diminishing dependence on America, means that "eventually, we will have a war, big time".
(Excerpt) Read more at moneyweek.com ...
Hey there are even people on this forum that don’t believe in Christ.
And, there are even more here that believe that the solution for America is purely political.
I want to see the look on your faces when Faber is proven correct.
Bought 'em cheap, stacked 'em deep.
Toilet paper ?
Gold transactions will also be outlawed. So you'll have to convert your gold to currency on the black market, paying a huge transaction fee.
Even so, if we're in a hyperinflationary environment, you'll still be better off than holding your wealth in fiat currency and watching it all melt away overnight.
Ithink that is an entirely accurate assunption.
“Gold transactions will also be outlawed.”
ya....so is illegal imigration.....
The jerks attempting these impositions will be physically removed from power.
War would eliminate a lot of those hungry peasants.
China feels the bite of food inflation
I agree... but not certain about gold... I do not think there will be enough society left for any sort of commerce.
LLS
No good news to be had today again. I am old and tired and getting older and tireder all the time.
If we really could remove the jerks from power, and get some adult leadership back, then we wouldn't have to worry about how to protect our wealth from the coming meltdown in the first place.
Now I’m giggling so loud my doggies are looking at me like I’m touched.
Well, they should know...
Seriously! You think holding a pile of papers saying you “own” oil or natural gas is going to be worthy anything when it hits the fan? Yeah, good luck with that, and good luck getting lunch with one of those certificates!
Glad I could be part of your merriment!
the same is true for any financial asset. French Banks, Bank of China in Hong Kong (which is seperate legal entity from BOC in China) - when IRS and Uncle Sam comes looking for assets, the French and Chinese are the ones most likely to tell them to piss-off.
Did you see the link to Marc Faber? It seems that Pakistan will suffer the same fate as Egypt. I can’t believe how fast the world situation deteriorated in only a few years.
China is a food exporter.
Where do I go to get some Power Armor?
THX.
A great man once said that “No power or enemy can take a drink out of the Missippi if we don’t want them to.”
I still believe that.
Yes, but in Fallout 3 President John Henry Eden is a real avatar of the One...all hat no cattle.
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