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'Buy farmland and gold,' advises Dr Doom
TimesOnline ^ | February 22, 2010 | Leo Lewis, Asia Business Correspondent

Posted on 02/23/2010 6:13:51 PM PST by jsh3180

The world’s 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 ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: doom; faber; farmland; gold; marcfaber; obamanation; teotwaki; tshtf
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1 posted on 02/23/2010 6:13:51 PM PST by jsh3180
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To: jsh3180

Farmland > Check

Prefer to get brass over gold...


2 posted on 02/23/2010 6:19:52 PM PST by TSgt (RE-ELECT NOBODY - VOTE THEM ALL OUT!)
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To: MikeWUSAF
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.

3 posted on 02/23/2010 6:21:37 PM PST by highlander_UW (Obama has lost or not saved over 4 million jobs!)
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To: MikeWUSAF
Prefer to get brass over gold...

Agree 100%

4 posted on 02/23/2010 6:22:28 PM PST by aimhigh
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To: MikeWUSAF

...and lead.


5 posted on 02/23/2010 6:22:29 PM PST by rbosque (11 year Freeper! Combat Economist.)
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To: MikeWUSAF; highlander_UW
brass

Buy farmland and brass.

As in ammo. Also, invest in guns.

Then what you raise can be protected.

6 posted on 02/23/2010 6:24:13 PM PST by xzins (Retired Army Chaplain and Proud of It! Those who support our troops pray for their victory!)
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To: jsh3180

Buy ice. With global warming, it will soon be very scarce.


7 posted on 02/23/2010 6:26:39 PM PST by Brilliant
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To: xzins; highlander_UW

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.


8 posted on 02/23/2010 6:27:41 PM PST by TSgt (RE-ELECT NOBODY - VOTE THEM ALL OUT!)
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To: MikeWUSAF

Agree. If I have gold … who will buy it? If I have a surplus of weapons and ammo, trading will ensue. ;-)


9 posted on 02/23/2010 6:29:31 PM PST by doc1019 (To call Obama a bumbling idiot would be an insult to bumbling idiots worldwide.)
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To: MikeWUSAF
I still can't believe they confiscated perfectly legal guns during Katrina.

O’Reilly was “appalled” that the oathkeepers thought that was out of line.

I'm appalled that O’Reilly didn't get it.

10 posted on 02/23/2010 6:29:42 PM PST by xzins (Retired Army Chaplain and Proud of It! Those who support our troops pray for their victory!)
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To: jsh3180

building the farmland cottage as we speak - plenty of dry powder, plenty of thunder sticks, and doritos


11 posted on 02/23/2010 6:30:27 PM PST by Revelation 911 (How many 100's of 1000's of our servicemen died so we would never bow to a king?" -freeper pnh102)
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To: MikeWUSAF; xzins
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.

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.

12 posted on 02/23/2010 6:30:31 PM PST by highlander_UW (Obama has lost or not saved over 4 million jobs!)
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To: jsh3180

Make sure you have a deep well and a power generator of some kind.


13 posted on 02/23/2010 6:31:31 PM PST by rbosque (11 year Freeper! Combat Economist.)
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To: Revelation 911
...cottage... plenty of thunder sticks

Don't forget the thunder bucket. :>)

14 posted on 02/23/2010 6:32:08 PM PST by xzins (Retired Army Chaplain and Proud of It! Those who support our troops pray for their victory!)
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To: jsh3180

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...


15 posted on 02/23/2010 6:32:18 PM PST by ez ("Abashed the Devil stood and felt how awful goodness is..." - Milton)
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To: FromLori

ping


16 posted on 02/23/2010 6:37:40 PM PST by perchprism (To those about to revolt, we salute you.)
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To: ez

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!


17 posted on 02/23/2010 6:38:27 PM PST by goodnesswins (Tagline, oh, tagline, whereart thou tagline....)
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To: rbosque

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. ;-)


18 posted on 02/23/2010 6:42:00 PM PST by TSgt (RE-ELECT NOBODY - VOTE THEM ALL OUT!)
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To: bruinbirdman
Ping (Faber speech at CLSA, Tokyo).

...little comedy to go with the outlook.


19 posted on 02/23/2010 6:42:22 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: jsh3180

“His belief, fund managers were told, is that the US is going to go bankrupt.

Under President Obama, he said, the country’s 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.”


20 posted on 02/23/2010 6:43:02 PM PST by FlyingEagle
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To: goodnesswins

Read his website and watched his Fox News interview with Bill Hemmer. Thanks for the tip...


21 posted on 02/23/2010 6:47:34 PM PST by ez ("Abashed the Devil stood and felt how awful goodness is..." - Milton)
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To: jsh3180

Farmland? My grandfather was a farmer. I expect to keep busy
defending my small subdivision lot if things get that bad.


22 posted on 02/23/2010 6:49:02 PM PST by tumblindice (Offer to push in Barney's stool, Juan.)
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To: ez

Hadn’t looked for his website.....thanks.


23 posted on 02/23/2010 6:52:37 PM PST by goodnesswins (Tagline, oh, tagline, whereart thou tagline....)
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To: jsh3180
Long time ago I ran a farm for a while - lived in a log cabin - heated with wood. Kept my kids and a few hundred animals alive. It is NOT easy. I have experience and I wouldn't be able to survive without gasoline for chain saws, feed for animals, access to a vet or ways to keep repairs done without a hardware store. People have no idea what they'd be in for... To this day there are times when I look at water coming out of a faucet and experience amazement.
24 posted on 02/23/2010 6:53:11 PM PST by GOPJ
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To: jsh3180

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.


25 posted on 02/23/2010 6:55:46 PM PST by gogogodzilla (Live free or die!)
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To: jsh3180

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.


26 posted on 02/23/2010 6:56:39 PM PST by jsh3180
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To: MikeWUSAF

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.


27 posted on 02/23/2010 6:58:34 PM PST by gogogodzilla (Live free or die!)
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To: xzins
I'm appalled that O’Reilly didn't get it.

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.

28 posted on 02/23/2010 6:59:29 PM PST by Bedford Forrest (Roger, Contact, Judy, Out. Fox One. Splash one.<I>)
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To: GOPJ

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.


29 posted on 02/23/2010 7:00:13 PM PST by jsh3180
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To: jsh3180
I'm a fan of Peter Schiff, but I think this government will seize everything when it gets real bad. Private property and assets will be history.
30 posted on 02/23/2010 7:00:56 PM PST by woodro43
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To: GOPJ

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.


31 posted on 02/23/2010 7:03:23 PM PST by tumblindice
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To: jsh3180

will we go hungry?


32 posted on 02/23/2010 7:10:41 PM PST by MissDairyGoodnessVT (Free Nobel Peace Prize with oil change =^..^=)
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To: tumblindice
"Farming is some of the hardest, most dangerous work around."

I used a Johnny Popper on one job for several seasons (old John Deere...open little cylinder valves and turn the big flywheel by hand to start).

"...and kept all his fingers."

...did custom machining for a few years, including 14-foot-bed engine lathes. Expediting and labor were more dangerous.

"Buck bales of hay all day on your farm and see how you feel."

...ten hours a day, six days a week for a living some seasons...topping logs and firewood during others.

We need the default, IMO.


33 posted on 02/23/2010 7:20:21 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: MissDairyGoodnessVT

...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?


34 posted on 02/23/2010 7:20:49 PM PST by b cool
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To: doc1019
If I have gold … who will buy it?

As long as women like shiny things and men like what women have, someone will buy it.

35 posted on 02/23/2010 7:25:39 PM PST by seowulf (Petraeus, cross the Rubicon.)
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To: seowulf

ROFLMAO!


36 posted on 02/23/2010 7:27:53 PM PST by doc1019 (To call Obama a bumbling idiot would be an insult to bumbling idiots worldwide.)
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To: MikeWUSAF

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! :-)


37 posted on 02/23/2010 7:29:09 PM PST by rbosque (11 year Freeper! Combat Economist.)
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To: woodro43

Government won’t be able to seize anything.


38 posted on 02/23/2010 7:32:55 PM PST by Quickgun (As a former fetus, I'm opposed to abortion. Pray for Obama,Psalms109:8)
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To: jsh3180
"'Buy farmland and gold,' advises Dr Doom"

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!

39 posted on 02/23/2010 7:35:30 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...

Lead’s a better investment.


40 posted on 02/23/2010 7:37:38 PM PST by SunkenCiv (February 23, 1945 -- Freedom is Priceless.)
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To: seowulf; doc1019
>>If I have gold … who will buy it?

>>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^)

41 posted on 02/23/2010 7:38:30 PM PST by Erasmus (Armageddon sentimental over you.)
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To: MikeWUSAF

50mm


42 posted on 02/23/2010 7:45:02 PM PST by vox_freedom (America is being tested as never before in its history. May God help us.)
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To: jsh3180

We have a 7 acre plot and my FIL has 28 acres hubby is the only heir.


43 posted on 02/23/2010 7:46:18 PM PST by chris_bdba
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To: MissDairyGoodnessVT

Without stockpiling food yes you will.


44 posted on 02/23/2010 7:49:56 PM PST by chris_bdba
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To: doc1019

Top trade items to consider: Tobacco (in any form), sugar, coffee, ammo (by the round), liquor, toilet paper (although it is a bit bulky to store in any decent amount....lol).

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.

45 posted on 02/23/2010 7:56:35 PM PST by thescourged1
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To: Erasmus
Which implies that if you're a woman, don't bother stocking up on gold.

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.

46 posted on 02/23/2010 7:57:20 PM PST by seowulf (Petraeus, cross the Rubicon.)
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To: thescourged1

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!


47 posted on 02/23/2010 7:58:19 PM PST by goodnesswins (Tagline, oh, tagline, whereart thou tagline....)
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To: xzins

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.


48 posted on 02/23/2010 8:00:51 PM PST by rustyboots
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To: highlander_UW
I agree...can't eat gold, and it's only worth what someone will be willing to trade for it.

There hasn't been a place or time in the last 5000 years where someone wouldn't trade for gold. I don't ignore brass or lead, have plenty, but suggest some gold and silver too.
49 posted on 02/23/2010 8:03:24 PM PST by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: Kozak
There hasn't been a place or time in the last 5000 years where someone wouldn't trade for gold. I don't ignore brass or lead, have plenty, but suggest some gold and silver too.

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.

50 posted on 02/23/2010 8:23:07 PM PST by highlander_UW (Obama has lost or not saved over 4 million jobs!)
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