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 ...
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.
Agree 100%
...and lead.
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...
ping
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 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.”
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