I’ve read a lot of doom-and-gloom analysis from financial experts over the last couple of years, but this one by former Reagan OMB Director David Stockman takes first prize for scaring the holy living beejeeses out of me.
A few highlights:
Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 [...]
By Live Science Staff | LiveScience.com – Tue, Jan 15, 2013
The hands of the infamous “Doomsday Clock” will remain firmly in their place at five minutes to midnight — symbolizing humans’ destruction — for the year 2013, scientists announced today (Jan. 14).
Keeping their outlook for the future of humanity quite dim, the group of scientists also wrote an open letter to President Barack Obama, urging him to partner with other global leaders to [...]
By Michael
Will this be the last normal holiday season that Americans ever experience? To many Americans, such a notion would be absolutely inconceivable. After all, in the affluent areas of the country restaurants and malls are absolutely packed. Beautiful holiday decorations are seemingly everywhere this time of the year and children all over the United States are breathlessly awaiting the arrival of Santa Claus. Even though poverty is exploding to unprecedented levels, [...]
By Michael
Will this be the last normal holiday season that Americans ever experience? To many Americans, such a notion would be absolutely inconceivable. After all, in the affluent areas of the country restaurants and malls are absolutely packed. Beautiful holiday decorations are seemingly everywhere this time of the year and children all over the United States are breathlessly awaiting the arrival of Santa Claus. Even though poverty is exploding to unprecedented levels, [...]
Infowars.com
December 12, 2012
After 50 years in the Rock n’ Roll business, the Rolling Stones, the Heavy Weight Champions of Rock n’ Roll, have released a new greatest hits package that includes a hard-hitting, anti-establishment single titled, “Doom and Gloom.”
Just in time for the so-called apocalypse, “Doom and Gloom” proves once again that these guys can still deliver by sticking to their roots.
The music video depicts the destruction of the American [...]
Marc Faber, Gold and a Special Picture of Ben Bernanke
by Adrian Ash
BullionVault
Friday, 16 November 2012
What Marc Faber said in Hong Kong this week…
YOU ALWAYS get great presentations from the biggest players in gold and silver at the annual London Bullion Market Association conference.
Being in Hong Kong this year, the world’s premier event for the bullion industry also got lots of great insights from genuine Asian insiders – ICBC, Kotak Mahindra, the [...]
There was a mad rush for tickets as British rockers The Rolling Stones announced a secret Paris warm-up gig on Thursday.
The biggest rock stars in the world didn’t disappoint as the lucky few who managed to bag tickets were treated to a night of the band’s classic hits.
Rock god: Mick Jagger gives it his all for 75 minute Paris warm-up gig on Thursday night
Like old times: Mick Jagger and Keith [...]
October 15, 2012,
Bangkok, Thailand
[Editor's note: Today's letter is an excerpt from the edition of Sovereign Man: Confidential that will be published this afternoon.]
Let’s step away from the noise for a moment and look at the big picture. This isn’t about doom and gloom, or fear, but objective facts.
Undoubtedly, the Western hierarchy dominated by the United States is in a completely unsustainable situation. Across the West, national governments have obligations they [...]
Jared Cummans: Back in May of this year, Marc Faber, a famous “doom and gloom” name in the financial world stated that his certainty of another U.S. recession is 100%. Faber is often referred to as Dr. Doom, though that title is more famously used for Nouriel Roubini. Faber’s theory was based on the slowdown in China and India, and that another global economic recession would soon follow. Of course that is nothing compared [...]
by Michael
Do you want to know when the “economic collapse” is going to happen? Just open up your eyes and take a look. The “economic collapse” is already happening all around us. So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time [...]
Paul B. Farrell: How Bernanke will cause the next crash before 2014, Rich will lose 50% in massive wealth destruction
By Paul B. Farrell, MarketWatch
“Massive wealth destruction coming,” warns Hong Kong economist Marc Faber, one of many “Dr. Dooms” we’ve featured over the years.
Faber warned in a recent interview on CNBC: The Super-Rich “may lose up to 50 percent of their total wealth.”
Marc Faber
How? “Somewhere down the line [...]
I wish we would have that “wash-out” to 600 on the S&P so we can move forward.
The problem with the Fed bailing out the markets (are we in QE3 or 4??) is that the average guy continues to put in their hard earned money into 401ks, when the fact (I use the word fact although it hasn’t happened yet) is that they will lose money as the Fed’s actions will [...]
The yellow metal seems increasingly resilient in the face of poor current fundamentals and strange downward price spikes from which it has recovered rapidly?
Author: Lawrence Williams
Posted: Wednesday , 02 May 2012
LONDON (MINEWEB) -
Are we seeing some interesting resilience in the gold price? Despite reported continuing subdued demand from the Indian subcontinent – one of the major drivers in physical gold consumption – and yet another strange trade on COMEX on Monday which [...]
From The Energy Report:
Natural gas is cheap, but it’s going to get cheaper. Eric Nuttall, lead portfolio manager of the Sprott Energy Fund, expects the bottom to fall out of the natural gas market as soon as this summer.
But he’s not all doom and gloom. In fact, he argues that natural gas is about to give investors the buying opportunity of the decade. In addition, Nuttall forecasts spectacular growth for oil-weighted [...]
by Simon Black, Sovereign Man
April 13, 2012
London, England
Jim Rogers has famously commented that, if you were smart in the 18th century, you moved to France. If you were smart in the 19th century, you moved to England. If you were smart in the 20th century, you moved to the US. And if you’re smart in the 21st century, you move to Asia.
It’s an absolutely true statement. Each time I’m in Asia, I’m overwhelmed at not only [...]
by Adam
“I always tell people when they look at their bank account, they think they have got maybe $50,000 in the bank. It says $50,000 CR. Credit.
You are a creditor. It is the bank’s property, that $50,000. And they recognize in that document that they owe it to you.
So, you have to watch out for that word ‘creditor’. When you see CR, you are on the balance sheet. You are at [...]
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