Faber on TARP: ‘the best option is to do nothing’

By admin1 • July 28th, 2009

11.25.08

Duration : 0:8:18


[youtube 9HKN-A0EqyA]

Comments

By SadeTabitha on July 28th, 2009 at 10:38 am

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By mongobobo on July 28th, 2009 at 10:38 am

You would of been … You would of been right to buy gold early part of 2008, sell it mid year and go long USD. In Nov. it would of been a good time to get into gold again. By March this year get out and long the dollar again.

By madridisinSpain on July 28th, 2009 at 10:38 am

This guy is … This guy is extremely good. You should listen the conference he made in Slovenia. It’s on youtube.

The best investment … The best investment we Americans can make is Canned food ,Guns and ammo.Lets all take a stand against these PARASITES OF HUMANITY(The Federal Reserve Cartell System)

By tinafiedler1 on July 28th, 2009 at 10:38 am

PremiumWater: I … PremiumWater: I totally agree with you on not trusting the gov’t. I don’t think I made it sound like the I’m going into gold at home (which I’m not). Thanks for the concern however.

By PremiumWater on July 28th, 2009 at 10:38 am

I wouldn’t go … I wouldn’t go around saying I just took my life savings and bought gold coins which are now at home. You never know who is reading these posts and I no longer trust my government.

By tinafiedler1 on July 28th, 2009 at 10:38 am

mexxx8732:

Yes, … mexxx8732:

Yes, I read somewhere that the only gold confiscated was the gold in people’s safe deposit boxes at the bank. The people who had gold that kept it at home didn’t get confiscated.

People talk a lot … People talk a lot about greed, which is a human instinct, but what about government greed? The most immoral thing happened in last year is not private greed but government behaviour saving the irresponsible and incompetent. LET THEM BROKE and use government to save regular peopleĀ“s money from fraud

By mexxx8732 on July 28th, 2009 at 10:38 am

who is BO?…i dont … who is BO?…i dont think they will confiscate it either, it will just shine the light on our problems and then investors will see that in a deep hole….but i think a bank holiday is very possible tho !>.just my thoughts

The truth is out … The truth is out there.

Yep. You got it. … Yep. You got it. In the 1930s, the nice people surrendered their gold. The practical people kept theirs. I don’t know for sure, but I expect that gold transactions still took place in the 1930s, but in the black market.

To be clear, I don’t think BO will confiscate Gold. I’m more afraid of punitive income and et taxation.

By mexxx8732 on July 28th, 2009 at 10:38 am

hey good point..i … hey good point..i just never thought of it like that…well i know is not everybody that released their gold then, so i will just keep mine with me..lol! let them keep that worthless paper and i will keep mine

Yes, that’s what … Yes, that’s what Faber means. FDR made it illegal to own Gold in 1933, confiscated it, paying $20.67 per ounce for what he took. Then he began selling it for $35. FDR took 41% of the Gold-owners’ ets for one reason; because he needed their money.

By mexxx8732 on July 28th, 2009 at 10:38 am

what does he mean, … what does he mean, hold yur precious metals outside the united states..? do they want to confisticate it again..>?

If you like Marc … If you like Marc Faber, check out Peter Schiff’s videos, articles, and his podcast at Peter-Schiff . com. Tell your friends about the continuing economic collapse.

By Justbeatit999 on July 28th, 2009 at 10:38 am

God I love Marc … God I love Marc Faber! But don’t forget guys that he is not the only financial EXPERT! There are also JIM ROGERS, PETER SCHIFF, and RON PAUL. I always go to financialtruth0.blogspot because there they post all the interviews, and it is easier to keep track of! Thanks for uploading anyway!

By Knight2017 on July 28th, 2009 at 10:38 am

^^ i was just … ^^ i was just asking a rhetorical question. things are really bad. the worst is probably yet to come. recovery is a joke. how can spending be stimulated at this point? how can excess supply be worn off? Gary shiling is also another analyst offer whys around. so you probably should check him out.

By BenBERNANKEisGAY on July 28th, 2009 at 10:38 am

Are you talking … Are you talking about me ? ? ?

By chrisdorman on July 28th, 2009 at 10:38 am

follow your … follow your instinct, how the can the economy be liable for a favourable turn, unemployment is rising like mercury, and every one is liquidating, (stock sell offs, currency sell offs, real estate market plummeting etc..

By Justbeatit999 on July 28th, 2009 at 10:38 am

I don’t only watch … I don’t only watch peter schiff. I also watch jim rogers and marc faber. I just always go to financialtruth0.blogspot because they post all the interviews there when they are available. Anyway, your welcome guys ;-)

By commentitus01 on July 28th, 2009 at 10:38 am

My comment was … My comment was supposed to be under ‘Jewishcrimenetwork’s comment.

By commentitus01 on July 28th, 2009 at 10:38 am

Besides being … Besides being jewish – which by itself could be irrelevant – Eric’s sister is married to Rupert Mordecai, a.k.a Murdoch’s, son. Do you really think he is telling you everything? Or working for the corrupt leadership which doesn’t care if some ‘jews’ incidentally die, because it’s OK in their Talmud.
Try to be more specific about who you are blaming. ‘Jew’ is only a good place to start. For instance, I doubt poor Mizrahi’s have much to do with this problem.

By Knight2017 on July 28th, 2009 at 10:38 am

What i find amazing … What i find amazing is that so many analysts keeps saying economy will pick up later next year. zero of them tells you why. and Faber and Rogers come out tell ppl it wont and why why it wont. so who should we trust??? You tell me

By FGTBOGSAT on July 28th, 2009 at 10:38 am

The U.S. dollar is … The U.S. dollar is toast.

By chootlund on July 28th, 2009 at 10:38 am

I agree. Truer … I agree. Truer words were never spoken.

 

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