Posted on 05/25/2012 2:22:19 PM PDT by blam
Marc Faber (100%) Guarantees A Global Recession
Ben Duronio
May 25, 2012, 1:46 PM
In an interview on CNBC's Fast Money Halftime Report, Marc Faber of the "Gloom, Boom, and Doom Report" stated that a global recession in the final quarter of this year or any time next year is certain.
“I think we could have a global recession either in Q4 or early 2013. That’s a distinct possibility."
When asked what were the odds, Faber replied, "100%."
Faber has been calling a potential stock market crash later this year if the markets did not come down, but since the markets have dropped lately he does not expect the 1987-style crash he previously mentioned. Despite his doubt of a market crash, Faber is guaranteeing a recession within the next year and a half, which is a pretty astonishing call.
Marc Faber Revisits His 1987-Style Crash Scenario
(Excerpt) Read more at businessinsider.com ...
If it is going to happen, it better happen this year and not next. If it happens next year, it will instantaneously be Romney’s fault
NOT the Gloom, Boom, and Doom Report!
Yep, if THEY are forecasting Gloom, Boom, and Doom it MUST be true then!
I hope he is right and we have another year or so, but like it or not the world’s economy is in for a fall and the piper will have to be paid! We might not fall as far or as hard as many countries, but I believe a fall is inevitable.
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become thier‘serf’. Me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up in with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
Now anyone thinking that prepping is foolish ask you what’s easier telling your children and loved ones why you prepared or explaining to them why you didn’t?
But if any provide not for his own, and especially for those of his own house, he has denied the faith, and is worse than an unbeliever. 1 Timothy 5:8
But then someone has to stand on the bridge waiting for FEMA to bring them a bottle of water, an MRE and a warm blanket so as to provide the Network Anchors their background ‘Money Shot’. I wonder how that will workout for them?
Face it we’ve kicked the financial can so far down the road that we are running out of road and the can which was once the size of a soda can is now the size of an oil drum (Try kicking that!)
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf
NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
Lastly this for the doubters and the scoffers.
“There is no greater disaster than to underestimate danger.
Underestimation can be fatal.”
The Evil Won’s handles will shovel stimulus monies double time the next few months so it won’t crash until after January.
Gosh darn it, we can't let that happen!
This needs to be laid in the lap of a big government liberal socialist hack not in the lap of a big government liberal socialist hack!
Haven’t we been in a recession since 2008?
Nigel Farage - We Are on the Edge of a Total Social Breakdown !
Many thanks to M. Espinola for this link.
But if you really want to see what I personally think, click here
When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook !
For about a Quadtrillion $$$$$$ in gambling debts by bankers
In short, all your hard earned savings will be gone. You 401(k)s will probably be gone along with your Social Security. All thanks to 0, our Congress and our fake political parties, both Dems and Repugs.
Don't worry, Barroso Bonds will resolve everything...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.