Well known contrarian economist Dr. Doom
Marc Faber weighs in on the state of the global economy and current events.
Despite being ignored by his many colleagues in economic circles for
his dire warnings ahead of the crash of 2008, Faber has been on the mark
about how stock markets would behave, what governments would do, and
the subsequent effects on the global populace.
To say that he expects a crash would be an understatement.
According to Faber, what’s coming down the pike will be much, much
worse than any crash we’ve seen in our lifetimes, which is why he’s
previously
recommended high voltage electric perimeter fencing and attack dogs as investments, along with farms outside of high population areas and
machine guns to defend them.
Here are the latest insights from Marc Faber via The Daily Crux and Zero Hedge:
In general, if you look at the world, say compared to the
1950′s, the 1960′s and even the 70′s, it’s very clear that financial
markets have grown disproportionately compared to the real economy. In
other words, you have a global GDP of $60 Trillion and you have
financial markets that turn $60 trillion around in a week or less.
I believe that one day this financial bubble will have to adjust to the down side.
Either it will have to adjust to the downside because we have an inflationary burst, or we have a collapse of the system.
We don’t know exactly how the end game will be played.
…
It’s going to end one day. And when it ends, either through war or through a financial collapse, it will be very painful.
According to the good doctor, as we’ve seen throughout history, when
governments begin to lose the confidence of their people through
economic collapse they often turn to war. And this time will be no
different, as Faber has previously forecast that
World War III will occur in the next five years.
It’s coming, and those who have not developed
long term preparedness plans, stored
nutritious foods, invested in
gold and silver, and stockpiled
barterable supplies will experience the
worst of what humanity has to offer.
The collapse of the global financial and economic bubble, which has
been built on conjecture and lies over the last several decades, is
inevitable.
Get ready.
