Marc Faber: Total collapse ahead with a World Scale War
The big question is when is the Chinese economy also implode " may be it will happen in 2010 , in China there is an investment bubble ...the total collapse is ahead of us and probably a world scale war...(listen just past half way)
Obama is the next herbert hoover. when the deppression comes in 2010, his approval rating will be worse then bush. the repubs too. they got us in this mess. both partes sucks. byt 90% of the american ppl watch hannity or keith olberman.
Perhaps China is our leading indicator right now.... The chinese market (Shanghai Index) is down 20% since July.. the US markets haven't been phased one bit. While Dr. Faber did call 2010 as a possible crash timeframe, it is also possible we will see the financial markets globally come tumbling down this fall. As Faber mentioned, we have excess liquidity. The Chinese have been pumping billions (like $600 Billion USD) into their banks, which have been forced to lend to the average Joe in China to buy cars, real estate, etc. It seems that many analysts looking at China right now are forgetting about the rising unemployment rate, the fact that their GDP and other stats are probably fudged and the state of real estate. Beijing has more available commercial real estate than is available in Manhatten, and 25% of it is VACANT.
China is toast and will likely be lead the next collapse as momentum 'traders' pull their money out. The money will move back into safehaven USD assets (yes, i know it sounds crazy -- but it will) via US Treasuries. When US investors see China tanking (and this can happen at anytime, because China has tanked 20% recently) they will move to safehaven assets too.
Market collapse is imminent... Maybe the Fall of this year, but by February 2010 it should be a done deal... Retail sales numbers over Christmas will be abysmal and will solidfy the fact that the economy has not been rescued even after $23 Trillion in bailout/stimulus committments.
SHTF Mac, you make some good points, but I'm still of the mind that China is poised to shift the balance of power in their favor in the coming years. Their commercial real estate vacancies, plummeting sales, rising unemployment, etc. is purely a product of being aligned to the US dollar and accumulating worthless IOU treasuries.
I agree with you that a market collapse is imminent in roughly the timeframe you suggest, but look at what else China is doing: buying up commodities, stockpiling gold, buying up global resources with US dollars while they still have value. When their own infrastructure is ready to go and sustainable trading partners are in place, they'll dump the dollar and watch the West collapse. Until then, as long as this game of financial musical chairs is being played out, everyone involved will continue sliding.
The socialist have been destroying capitalism and now they will shout victory blaming capitalism's decline on capitalism itself. We can say goodbye to capitalism and free markets. :-(
Most commenters see major swings just ahead. Being over 50, my experience is that the status quo is like a large ship in that it takes time to turn around.
Granted, something extraordinary might happen suddenly in the economic relm, only I wouldn't bet on it as the near term favorite.
Make no mistake, I want significant change, we need it, however that doesn't necessiarly mean it will happen. What may very well happen is more of the same.
>Oh rubbish.. What stats are you guys looking at? The markets are skyrocketing!< Yeah! The Fed prints money and gives it to the banks, the banks speculate with these bailouts on Wall Street. Yeah, what statistics are we looking at? After I fell off the UI(since my UI ran out) based on government "statistics" I am no longer unemployed. Ha-ha-ha. When was the last time you checked your head with a doctor?
1:48 - yep, you know it - whatever it is, there will be a market for a counterfeit. Sounds good to me.
What I have heard is that they won't force a vaccine on you at first. Rather than that, you won't be allowed to use public transport, fly on a plane, go to a school, or a library - basically any public gathering place.
Just say no to Squalene, mercury, detergents and liars.
Obama is the next herbert hoover. when the deppression comes in 2010, his approval rating will be worse then bush. the repubs too. they got us in this mess. both partes sucks. byt 90% of the american ppl watch hannity or keith olberman.
ReplyDeleteAnyone being immunized against H1N1 will have to receive some sort of stamp or mark or record to indicate they have been immunized.
ReplyDeleteA document, or a wristband.
Whatever it might be.
The 'auforiteez' will want everyone to show their mark of obedience.
This reminds me...I need to go copy something at Kinko's...
TICK, TICK, TICK
ReplyDeletePerhaps China is our leading indicator right now.... The chinese market (Shanghai Index) is down 20% since July.. the US markets haven't been phased one bit. While Dr. Faber did call 2010 as a possible crash timeframe, it is also possible we will see the financial markets globally come tumbling down this fall. As Faber mentioned, we have excess liquidity. The Chinese have been pumping billions (like $600 Billion USD) into their banks, which have been forced to lend to the average Joe in China to buy cars, real estate, etc. It seems that many analysts looking at China right now are forgetting about the rising unemployment rate, the fact that their GDP and other stats are probably fudged and the state of real estate. Beijing has more available commercial real estate than is available in Manhatten, and 25% of it is VACANT.
ReplyDeleteChina is toast and will likely be lead the next collapse as momentum 'traders' pull their money out. The money will move back into safehaven USD assets (yes, i know it sounds crazy -- but it will) via US Treasuries. When US investors see China tanking (and this can happen at anytime, because China has tanked 20% recently) they will move to safehaven assets too.
Market collapse is imminent... Maybe the Fall of this year, but by February 2010 it should be a done deal... Retail sales numbers over Christmas will be abysmal and will solidfy the fact that the economy has not been rescued even after $23 Trillion in bailout/stimulus committments.
JMO.
Mac
SHTF Mac, you make some good points, but I'm still of the mind that China is poised to shift the balance of power in their favor in the coming years. Their commercial real estate vacancies, plummeting sales, rising unemployment, etc. is purely a product of being aligned to the US dollar and accumulating worthless IOU treasuries.
ReplyDeleteI agree with you that a market collapse is imminent in roughly the timeframe you suggest, but look at what else China is doing: buying up commodities, stockpiling gold, buying up global resources with US dollars while they still have value. When their own infrastructure is ready to go and sustainable trading partners are in place, they'll dump the dollar and watch the West collapse. Until then, as long as this game of financial musical chairs is being played out, everyone involved will continue sliding.
The socialist have been destroying capitalism and now they will shout victory blaming capitalism's decline on capitalism itself. We can say goodbye to capitalism and free markets. :-(
ReplyDeleteMost commenters see major swings just ahead.
ReplyDeleteBeing over 50, my experience is that the status quo is like a large ship in that it takes time to turn around.
Granted, something extraordinary might happen suddenly in the economic relm, only I wouldn't bet on it as the near term favorite.
Make no mistake, I want significant change,
we need it, however that doesn't necessiarly mean it will happen. What may very well happen is more of the same.
Oh rubbish.. What stats are you guys looking at? The markets are skyrocketing!
ReplyDeleteThe markets are skyrocketing because Goldman Sachs is 'providing liquidity to the market'.
ReplyDeleteWhen you awake from your 'American Dream' to the reality, you will understand that
1. America is broke
2. America is jobless
3. America is homeless
4. America is hungry
>Oh rubbish.. What stats are you guys looking at? The markets are skyrocketing!<
ReplyDeleteYeah! The Fed prints money and gives it to the banks, the banks speculate with these bailouts on Wall Street. Yeah, what statistics are we looking at? After I fell off the UI(since my UI ran out) based on government "statistics" I am no longer unemployed. Ha-ha-ha. When was the last time you checked your head with a doctor?
Keep you in the dark
ReplyDeleteyou know they all pretend
keep you in the dark
and so it all began
send in your skeletons
soon as their bones come marching in
again
the need you buried deep
the secrets that you keep
are at the ready
are you ready?
I'm finished making sense
I'm done pleading ignorance
that whole
defense
Spinning infinity
The wheel is spinning me
neverending
neverending
same old story
1:48 - yep, you know it - whatever it is, there will be a market for a counterfeit. Sounds good to me.
ReplyDeleteWhat I have heard is that they won't force a vaccine on you at first. Rather than that, you won't be allowed to use public transport, fly on a plane, go to a school, or a library - basically any public gathering place.
Just say no to Squalene, mercury, detergents and liars.