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Keyword: gloomboomanddoom

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  • Marc Faber: Central Banks Will Not Tighten Rates Ever Again

    05/25/2010 2:26:16 PM PDT · by blam · 36 replies · 910+ views
    The Business Insider ^ | 5-25-2010 | Joe Weisenthal
    Marc Faber: Central Banks Will Not Tighten Rates Ever Again Joe Weisenthal May 25, 2010, 4:42 PMMarc Faber gave a presentation at the Mises Institute Conference in Manhattan today, and Andrew Mellon at BigGovernment.com (via The Daily Crux) was on hand to take notes. Among his points: * Central banks will never tighten monetary policy again, merely print, print, print * Bubbles used to be concentrated in 1 sector or region in the 19th century, but off of the gold standard this concentration has ended * “The lifetime achievement of Greenspan and Bernanke is really that they created a bubble...
  • Governments Will 'Bankrupt Us': Marc Faber

    04/22/2010 3:44:19 PM PDT · by Fred · 18 replies · 802+ views
    CNBC ^ | 042310 | CNBC
    Current economic policies are not sustainable and the world faces doom because "the governments are taking over", said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. "They will all bankrupt us and expropriate us, but it may not happen tomorrow. They'll give us something to play with, until the whole system breaks down...they'll just print money and print more money," he said on CNBC Thursday.