Legendary investor, economist and market forecaster Dr. Marc Faber thinks central banks (CB) are not going to cut back the money printing. Just the opposite. He predicts CBs are going to print even more money at a faster pace to hold the failing economic system together for a little while longer. Dr. Faber explains, “What is perceived to be safe, namely cash, isn’t safe anymore. It is unsafe. You ask me what is safe? I don’t know what is safe anymore when you have money printers who print money indefinitely. I don’t think they can stop. I actually think they have to accelerate their money printing. So, stocks may go up, but in real terms, it doesn’t mean your standard of living will go up. Maybe the standard of living of the 50 richest people in the world will go up, but not the standard of living of the typical American . . . or the average American. That standard of living will go down. . . . All the money printing is a desperate measure to keep the voters from rebellion.”
Dr. Farber predicts that not only are we going to see more asset inflation, but dramatic wage inflation too. Dr. Faber, who holds a PhD in economics, says, “What I think will happen, and most people have not really considered, we will get wage inflation. For the first time since the late 1970’s, we will get accelerating wage inflation, and in some cases, quite dramatic. In some states, the minimum wage is $15. I could see that going up to $30 per hour very quickly. I don’t think inflation is ‘transitory’ (as the Fed proclaims). We will not have stagflation. We will have something worse. We will have rising prices and a depression in the standard of living of most people.”
Dr. Faber says the U.S. stock market is “overpriced and over-owned.” He likes stocks in foreign countries, real estate “far outside the cities” and physical gold, silver and some cash. Faber also likes some crypto currency in one’s portfolio.
Dr. Faber is less worried about the economic picture and more worried about the rise of socialism and communism in the western world. Faber contends socialism destroys economies and liberty. Faber points out, “I can tell you one feature of all the socialist countries I have visited in my life, and all of them had less freedom, less happiness than we have, and the standards of living were substantially, not a little bit, but substantially lower than they are in the free capitalistic world. . . . I am sorry to say that I think the western world has gone down a very dangerous path where essentially, through zero interest rates, everything is free. Then you get the unintended consequences.”
So, with inflation going up and the standard of living going down in the West, is the possibility of war going up? Faber says, “Correct. I think once this Covid19 thing is over, the elite, the ones who make the money, will go to war. That is the last recipe to keep the population together.”
Join Greg Hunter as he goes One-on-One with Dr. Marc Faber of the “Gloom, Boom & Doom Report.” 9.4.21
After the Interview:
There is free information on GloomBoomDoom.com. Dr. Faber’s “Gloom, Boom & Doom Report” is subscription only.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Correct me if I am wrong, but, was it Confucius that said, “May you live in interesting times.”
Obviously, Confucius was a Chinese terrorist.
Marc Faber is smarter than me but there is no way in hell minimum wage goes up to $30/hr.
If it ever does, everything else will be so FUBAR it won’t matter and no one will care.
Pick your poison, nobody has any money, or every body has lots of worthless money.
Venezuela just dropped a few more zeros from their money.
Imo, this fella isn’t wrong. The bankers need to keep the illusion alive by printing more money, making money more available and seemingly abundant, hiding the fact that that money buys less every day. Things cost more but packaging shrinks faster, the deceptive practice by companies to hide inflation.
Money in Germany during the hyper inflation was weighed, not counted. Places in recent history like Zimbabwe and Venezuela also weigh money because you cannot count it. You DO have lots of money but its worthless. My parents were in Zim, sent me a million dollars in a BD card about 8 years ago, all on one bank note. People buy them as jokes now.
Look at whats happening in other countries TODAY to get an idea of where this is all going. $30/hr min wages are not unheard of and will likely be a thing in the not so distant future. Your ‘cash’ will be more useful as toilet paper than for commerce. These bankers want you to think cash is safe, keeps you from buying real asset retainers, like gold, silver, real estate, etc.
wake up…
Yep…three words…
1. PREP
2. HARD ASSETS
Fifty years ago people working minimum wage got about $1.35 an hour. You could buy 4-5 gallons of gas for that. Today, here, 4-5 gallons is $12.75-$16. Federal minimum is like six or seven times higher than fifty years ago. If we got 70’s inflation $30 is a piece of cake.
I recall my first mortgage in 1985 at 12%. We need honest money. GOLD.
“ONCE COVID IS OVER, THE ELITES WILL GO TO WAR”
Posted on September 5, 2021 by State of the Nation
(I just sent this to a 43 year old family member with all his hard earned wealth (he has really done well) in stocks and his home – hoping to warn him, and encourage him to diversify…hedge a little…pay down some debt, and buy some hard assets…PMs especially).
Johnny,
A great many of the respected pundits of any proven record or worth outside Wall Street, the Fed and their master controllers (the Globalist Banksters) are all basically saying much the same thing as Farber.
You have some wealth…you earned it! Great job!
There is a massive transfer of wealth long, long underway…I started warning you about it in 2015.
The petro dollar is dying…and digital petro dollars (with stock market counter party risks) will flip one day from the 401ks of average Americans to the .0001% insiders (who will short the market) overnight.
That BIG STOCK MARKET SHORT will happen before 95% of Americans know it…and it will be too late for them (or you) to do anything about it.
After the next crisis (the Great Reset will be attempted to be shoved down our throats) there will not be ‘Bank Bail Outs’…There will be bank ‘Bail In’s’…and the middle class will get Bank Stock instead of currency…and your digital dollar currency in the bank will be massively devalued. It’s in the Frank Dodd Banking Law the Democrats jammed through during Obama’s first term, and the Republicans never changed it when they could, because most of them are in on it too!
Expecting the stock market and real estate housing to forever go up considering what is going on in the Disunited States of America and around the world…during an obvious hoax Plandemic, and the controlled demolition of all economies internationally…is whistling past the graveyard at midnight during a real life horror movie.
Read what Farber has to say…I agree with him on much of it. No Crypto for me however…not that technical. But everything else sounds about right.
The Covid narrative is collapsing…and next comes war…Civil War 2 and or regional Wars and or WW3…or all three.
Subscribe to Greg Mannarino: https://www.youtube.com/c/GregoryMannarino
Listen to his daily short vids…He tells the truth, has a tremendous accurate Stock Market prediction record, and explains the FED and the 4 major tells of this current RIGGED market:
1. Oil (the lifeblood of the Military Industrial Complex)
2. The Dollar
3. The Fed Balance Sheet
4. The 10 Year Treasury Yield
Hyperinflation is coming.
Mannarino sells nothing…and he will broadcast one of the earliest warnings of a stock market crash that is not a matter of if…but when??? He is bullish on stocks right now…but he is nimble and is an experienced DAY TRADER…not a long term hold guy. Sooner or later all the long term hold 401k Stock Market people will be left holding an empty bag!
This is not your Father’s Stock Market…none of those rules apply now.
If Mannarino suddenly gets banned from You tube…that means the crash is right around the corner.
Have an ‘exit plan’ you can pull the trigger on quick…or you will just be one of the millions who will get caught in the next tactic to destroy what is left of the dwindling middle class by the .0001%.
Don’t be afraid to take some stock profit and get rid of some debt and buy some Precious Metals.
HARD ASSETS in your hands…NO COUNTER PARTY RISK. (Even just 10% in PMs could save your entire portfolio worst case).