Skip to comments.'Buy farmland and gold,' advises Dr Doom
Posted on 02/23/2010 6:13:51 PM PST by jsh3180
The worlds most powerful investors have been advised to buy farmland, stock up on gold and prepare for a dirty war by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers.
Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom.
Speaking today, Dr Faber said that investors, who control billions of dollars of assets, should start considering the effects of more disruptive events than mere market volatility.
The next war will be a dirty war, he told fund managers: time frame.
(Excerpt) Read more at business.timesonline.co.uk ...
Farmland > Check
Prefer to get brass over gold...
I agree...can't eat gold, and it's only worth what someone will be willing to trade for it.
Buy farmland and brass.
As in ammo. Also, invest in guns.
Then what you raise can be protected.
Buy ice. With global warming, it will soon be very scarce.
I shudder when I think about Katrina on a national scale. People who are that dependent on the government rioting because their welfare check stopped and the grocery stores stopped manufacturing ground hamburger and vegetables.
Agree. If I have gold who will buy it? If I have a surplus of weapons and ammo, trading will ensue. ;-)
O’Reilly was “appalled” that the oathkeepers thought that was out of line.
I'm appalled that O’Reilly didn't get it.
building the farmland cottage as we speak - plenty of dry powder, plenty of thunder sticks, and doritos
How do you even talk to someone about what the politicians are doing to the economy without sounding nuts? It sounds nuts to me, but I understand economics well enough to see the road they are on.
Make sure you have a deep well and a power generator of some kind.
Don't forget the thunder bucket. :>)
Between this and Generation Zero on Hannity, I am ready to go out and by 6 mos worth of food stores tomorrow. Oh, and ammo...
HA...have you read “One Second After”.....I’ve been STOCKING up (even more than I was already) since I finished the book this past weekend!
A generator will only be useful as long as you have fuel. Solar would be a nice backup but being able to live without electricity is the best way to plan. Ask the Amish. ;-)
“His belief, fund managers were told, is that the US is going to go bankrupt.
Under President Obama, he said, the countrys annual fiscal deficit will not drop below $1 trillion and could rise beyond that figure.
Arch bears have predicted that US debt repayments could hit 35 per cent of tax revenues within ten years.
Dr Faber believes that the ratio could easily hit 50 per cent in the same time frame.”
Read his website and watched his Fox News interview with Bill Hemmer. Thanks for the tip...
Farmland? My grandfather was a farmer. I expect to keep busy
defending my small subdivision lot if things get that bad.
Hadn’t looked for his website.....thanks.
Could alway get a sailboat and fish for your dinner.
At least that way, you don’t have to worry much about looters, squatters, and vagrants... just pirates.
And a nice hardpoint and a 50-cal. will taken care of most, considering a modern pirate’s favorite weapon is an RPG. 50-cal. machine guns have a *FAR* greater range.
Heh, I’d post stuff similar to this on FR 2-3 years ago and get mostly responses saying I was a crackpot, gold nut, never happen, etc., etc.
Not a one, this time around.
A windmill and solar panels are the easiest ways to get off the grid.
If you’ve got property next to a creek or river, you could try with a waterwheel... except that a waterwheel is illegal if place on federal property.
There's a lot BOR doesn't get, such as, out much. Every time he does his lame schtick of treating this or that afro-kaffir race hustler - recidivist frauds like the dwarf Sharpton or the someone or other Lamont Phd, as a serious person, I dump the feed. In fact, the more fleeting become BOR's moments of linear, logical lucidity, the more ineluctable becomes the conclusion, menopause, bigtime.
1972 & 1973 I lived in a log cabin way up north in Wisconsin. It was a former pig barn that had been remodeled, lol. Hand pump at the well, wood burning stove, kerosene lanterns and an outhouse out back. For sure, the better part of the day was doing things just for basic survival. Especially when you’d run out of wood in winter.
Well said. Farming is some of the hardest, most dangerous work around. First chance my uncle got, he ran off from the farm/ranch, flew B-17s over Germany: Better food, got to sleep in and kept all his fingers.
Buck bales of hay all day on your farm and see how you feel.
People who think they’re going to go back to the land remind me of `Oliver Wendell Douglas’ and the TV show `Green Acres’. Or hippies and their agri-communes where they slowly starved.
will we go hungry?
...not starved to death per se, but ya, hungry...no more full bellies. Look at old picutes of the real settlers and cowboy’s...not a fat one in the bunch, regular string beans. Work hard, look like golly-gee, and smell alot worse.
...ever drink brown water?
As long as women like shiny things and men like what women have, someone will buy it.
They have water (water-mill) type generators if you’re near water. Wind is a bit unreliable unless you live on a plain. As you mentioned solar, and if you happen to have gas, a Capstone generator can give you power (I used to work for them.). ‘Course one can always attach one to an exercise bike! :-)
Government won’t be able to seize anything.
One problemo there, you can't KEEP either one of them if you don't invest in some other precious metals as well like:
Brass, Copper and Lead!
Stock up on plenty of the latter so you can keep the former!
Lead’s a better investment.
>>As long as women like shiny things and men like what women have, someone will buy it.
Which implies that if you're a woman, don't bother stocking up on gold. ≤]B^)
We have a 7 acre plot and my FIL has 28 acres hubby is the only heir.
Without stockpiling food yes you will.
So I've been looking at things such as the above to use as currency. The heck with gold. If you can't eat it, wear it, roof a house with it, or keep warm with it....it has no value.
Maybe a woman who's goods are past expiration date might bother.
Gold doesn't have a "good until" date that I've been able to find.
YEP...I’m with you....I was looking around the house considering taking some things to goodwill or giving them away....and then...thought....some of those items could turn out real handy for bartering!
Got my little piece of land all paid for. Not a farm size place, but we can grow a nice garden and keep a few animals if needed.
Stocked up on ammo and guns and looking for more. Will always be able to trade some of them for something. As for gold, you can’t eat it, can’t use it for shelter, or wear it for clothes, so why bother.
Katrina should have been a wake up call as to what will happen when the welfare class discovers “Uncle Sam ain’t there no more” to give them everything. The cities will burn and then the ash and trash will flow from the cities looking to take what they want.
I submit that a place with rampant starvation and the entire population is in the same straits will be such a place. Gold is only valuable when there is surplus. The US will probably not ever get to the first condition...but the worse off it gets the longer one will probably have to look to find a "buyer" for the gold. I do agree that it is likely the only thing that is going to retain value monetary wise, however.
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