Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Jim Puplava interviews Marc Faber ***

Hi Joe,
The following was posted on SI by Godfrey Daniels (Max) and is really worth one's time provided that one isn't 'locked in' to their own views and deaf to all others...... <ng>
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For anyone with 54 minutes to give up it is well worth the time. MarcFaber discussing much, including the U.S. Credit Bubble.

Interview with Faber by Jim Puplava---audio-- 54 minutes.

It is first time that i have heard Faber (NOT one to speak harshly of other people) charge Greenspan and Bernanke as virtual criminals.

If Marc's scenario pans out by 2013 it will cost 20 dollars for a cup of coffee.

For 54 minutes he gives one continuous outpouring of his probabilities for the next 10 years.

While he in very NEAR terms sees GOLD and Asia as overbought and the dollar, temporarily oversold in the longterm he remains strongly bullish on Gold and Asia and has now gotten a long term buy signal on Oil.

But his dissertations on Greenspan/Bernanke and Fed Policy are touched with scorn and his near conviction it will inevitably lead to disastrous hyper inflation.

As ever he backs all his views with a multitude of reasons.

Regards 2004 his "unease' about 2004 parallels mine to a tee.

He is not going beyond that he has a "bad feeling" for 2004 and gives reasons for his "unease".

It is one loaded 54 minutes.

http://www.financialsense.com/Experts/2003/Faber.htm

p.s. he sees market breakingdown now or sometime in January.(interview was 12/20/03)

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19632857