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Page added on July 27, 2013

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Marc Faber: “It’s Gonna End One Day… Through War Or Financial Collapse”

Given more than his normal 30-second soundbite on mainstream media, Marc Faber is able to discuss in considerably more detail his views on the massive growth in global financialization (when compared to real economies) noting that “one day, this financial bubble will have to adjust on the downside.” This will occur via either an inflationary burst or a collapse of the system. Simply put, “it’s gonna end one day,” either through war or financial collapse, “it will be very painful.” The Gloom, Boom, and Doom Report editor notes current asset valuations are driven by excess credit creation, printing money, and distorted market signals, and the unintended consequences of the effect on investor psychology are perfectly mis-timed. Faber concludes with a discussion of the inflationary impact of US monetary policy and where it is seen (and not seen) and the global social unrest implications of middle class discontent.

5 Comments on "Marc Faber: “It’s Gonna End One Day… Through War Or Financial Collapse”"

  1. Arthur on Sat, 27th Jul 2013 7:38 pm 

    That’s going to happen indeed. That event will constitute the end of globalism, capitalism and as we know it, industrialism and modernity in general.

    But life will continue, in a different mode.

  2. J-Gav on Sat, 27th Jul 2013 10:24 pm 

    Yes, Arthur – and the contours of that “different mode” will be shaped by whatever foresight and preparation populations (or rather communities) can muster. So far, we’re not doing too well on that score.

  3. BillT on Sun, 28th Jul 2013 1:13 am 

    The last I heard, the war will come first to prevent the powers-that-be from failing on the economy/financial side. It would allow the total implementation of the new police states in the West and give the government an excuse to blame everything on … pick your favorite bad guy. Gone would be ALL of the social safety nets from government.

    In would be a world never seen before because it WILL escalate into a nuclear war as everyone knows that whoever wins will control what is left. Many destroyed cities and infrastructure. The internet will go with the first blast as they will take down the satellites and hubs to prevent use by the other side. It will never come back. Global trade will cease. Radioactivity will ensure that cancer becomes the highest cause of death for the next 100 to 1,000 years with no medical help to prevent/manage/cure it.

    Doom & Gloom? I give it a 60:40 chance of happening with the world as it is. I hope I am wrong for my kids and grand kids sake, but…

  4. Arthur on Sun, 28th Jul 2013 9:43 am 

    “The internet will go with the first blast as they will take down the satellites and hubs to prevent use by the other side.”

    The internet was designed by DARPA precisely to survive a nuclear attack and so it will.

    And for the hundredst time, the only people who need satellites for internet are those people who fled into the jungle, based on a false over-pessimistic view of the future. The view you developed in the past makes you become trapped in your current situation, so the only thing left for you to do is filter out information that confirms your black views and broadcast them over the planet (using techie dreams like satellite based or lose face and go back to Philly, or whatever the place is you lived before. And why would an almost seventy year old be so over-concerned with survival and abandon children and grand-children?! Usually the last 1-4 years are the years you want to skip anyway. You remind me of these japanese soldiers who were found in some Asian jungle, decades after the end of WW2, but were still on the run to escape the wrath of the japanese military for defection. They just missed that the war was lost decades ago and that there was nothing to fear from.

    I am sorry Bill, but your Four Horsemen views are not going to materialise, at least not during your life time. In the US there will be at least soup kitchens after the financial crash, which is a very realistic possibility and will cause the Manilla ATM to go on strike for ever. I would prefer a US soup kitchen over a Philipine one any time. And again: the Philipines are among the territories with the LEAST food security on the planet. For the coming 20 years the US obesity problem will continue to trump any notion of starvation (in the US).

  5. Arthur on Sun, 28th Jul 2013 9:47 am

    You want to be in the green areas to survive any collapse, regardless of it’s nature: North-America, Europe, Australia.

    If you have suicidal tendendies you are well advised to go to places like Sub-Saharan Africa, North-Korea, Bangladesh, Philipines, India.

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