Preppers Cookbook
The Prepper's Blueprint
The Prepper's Blueprint
Preps and Solutions
(Sponsored Ads)
Strategic Relocation
Silver
US Deception
Bulletproof Home Defense
top Prepper Web Sites
Recently Posted Articles and Videos
The Daily Sheeple
Ready Nutrition - Homesteading and Preparedness
The Prepper Website
SGT Report
Featured Destinations
The Liberty Mill
Web Destinations
  • * GoldBroker.com *
  • * Infowars *
  • * Jeff Rense *
  • * Prepper Website *
  • * Ready Nutrition *
  • * SGT Report *
  • * Silver.com *
  • * Stan Deyo *
  • * Steve Quayle *
  • * Survival Blog *
  • * The Daily Sheeple *
  • * The Organic Prepper *
  • * Wide Awake News *
  • 321Gold
  • Activist Post
  • All American Gold
  • Alt Market
  • American Preppers Network
  • Amerisafe Neighbor Network
  • Ammo For Sale
  • Apartment Prepper
  • Armageddon Online
  • Backdoor Survival
  • Bearish News
  • Berkey Guy Blog
  • Beyond Collapse
  • Black Listed News
  • Blue Collar Prepper
  • Calculated Risk
  • Chris Martenson
  • Code Green Prep
  • Collapse Medicine
  • Collapse Net
  • Countdown to Collapse
  • Daily Collapse Report
  • Daily Crux
  • Deadline Live
  • Doc Medina – Soapbox
  • Don't Tread on Me
  • Doom & Bloom Survival Medicine
  • Doomsday Prepping
  • Education After the Collapse
  • Enemies Foreign & Domestic
  • Eric Peters Politics
  • Family Survival Plan
  • FloJak
  • Fraudonomics
  • From the Blind
  • From the Trenches
  • Front Line of Defense
  • Full Spectrum Dominance
  • Government Is a Joke
  • Homestead Revival
  • International Forecaster
  • Jack Blood
  • Jeff Rense
  • Joe For America
  • King World News
  • Lew Rockwell
  • Liberty Blitzkrieg
  • Liberty Mill
  • Market Ticker
  • Max Velocity Tactical
  • Mish – Economic Trends
  • Modern Survival Online
  • Occupy Corporatism
  • Off Grid Survival
  • Oracle Broadcasting
  • Outdoors Native
  • Patriot Net Daily
  • Peak Prosperity
  • Pioneer Living
  • Preparedness Review
  • Prepography
  • Prepper Central
  • Prepper Dashboard
  • Prepper For The Worst
  • Prepper Trader
  • Prepping Blogs
  • Prepping for Hard Times
  • Prepping to Survive
  • Project Chesapeake
  • Rawles' Survival Blog
  • Sherrie Questions All
  • SHTF America
  • SHTF School
  • SHTF Wiki
  • Skeptical Survivalist
  • Sound Money Campaign
  • Sovereign Man
  • Sticker Armory
  • Story Leak
  • Survival and Prosperity
  • Survival Blogs
  • Survival Life
  • Survival Logic
  • Survival Magazine
  • Survival Prepper Joe
  • Survival Pulse
  • Survival Spot
  • Survival Week
  • Survivalist Boards
  • Survivopedia
  • Tactical Intelligence
  • The Burning Platform
  • The Prepared Ninja
  • The Prepper Journal
  • The Prepper Project
  • The Silver Bear Cafe
  • The Survival Mom
  • The Warning Signs
  • TheSurvivalistBlog.net
  • Truth Is Treason
  • Underground Medic
  • United American Freedom Foundation
  • Urban Survival Site
  • Value Investing Pro
  • What Really Happened?
  • Wood Pile Report
  • Yoga Sacramento
  • Zero Hedge

  • Clarocet for Kids
     

    Marc Faber: Gold to $1 Trillion an Ounce

    Mac Slavo
    February 15th, 2009
    SHTFplan.com
    Comments (2)
    Read by 182 people

    Yes, it’s a sensational headline, but in the context of Dr. Faber’s interview it makes sense. Dr. Doom appears on Bloomberg to give us his ideas on how the government should handle insolvent banks, what we have done wrong and strategies for survival.

    I can tell you that the current economic crisis and financial crisis is a direct consequence of continuous US government intervention into the economy through fiscal and monetary policies that have been designed to never have a recession and to combat recession.

    And what has happened, is that if you never have a recession it’s like someone who never sleeps. You need some sleep, a resting period, and then you recover. And that has happened in the US, we never had a resting period.

    Marc Faber tells it like it is. It seems that through our policies as well as main street spending habits, that we expect to always be in a ‘boom’ environment. We’ll get the sleep Marc Faber is speaking of — but perhaps it will be a heart attack induced coma.

    This way, with the stimulus package the government is proposing – especially the spending package – I think the depression will last longer and the government that is largely unproductive will continue to grow at the expense of the private sector and drown out the private sector.

    ‘Nuff Said.

    I have to repeat once again and very clearly. It is not a failure of the free market that brought about the crisis. It is continuous government intervention with fiscal and monetary measures that have brought the crisis about. And now the same people that brought the crisis about want to solve it with more intervention.

    For those that didn’t get this the first hundred times Marc Faber has said it, hopefully you get it now.

    Doctor Faber also talks a little bit about strategy. It has been stated by Peter Schiff and Mark Faber that gold will eventually be worth more than the Dow Jones. The question posed is, “does gold go up to $8000 an ounce or does the Dow Jones come down to 1000?”

    If Mr. Bernake continues to pursue monetary policies based on the Zimbabwe monetary policy to print then the DOW will go to a Trillian and gold will go to a Trillion or higher. And if you have tight monetary policies and the DOW drops to 4000, then maybe gold will be at $4000 also.

    Hyperinflation should be a concern for everyone, including the average citizen, as well as our creditors around the globe (what better way to wipe out our debt!). I hope that at some point we actually stop printing money. I sure as heck don’t want to pay $1 Trillion for an ounce of gold! I suspect it will be closer to the $4000 mark when the government realizes that they have made a huge mistake in their approach to handling this crisis. Let’s hope, for all our sake, that they figure this out soon.

    Watch Marc Faber on Bloomberg:

    Please Spread The Word And Share This Post
        name:     email:        details

    Author: Mac Slavo
    Views: Read by 182 people
    Date: February 15th, 2009
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    2 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. SoontoBeTrillionaire says:

      Considering the price of gold at around $900, maybe it is time i buy some more? $1 Trillion seems like a good profit on an ounce!

      Rate This Comment: Thumb up 0 Thumb down 0

    2. Amused says:

      I hope it doesn’t reach a trillion an ounce!  The Warp 9 hyper-inflation we would be experiencing at that point would be like Freddy entering your dream on a massive dose of steriods.

      Rate This Comment: Thumb up 0 Thumb down 0

     
    SHTF Plan - RSS Feed - Preparedness News, Commentary, Resources
    There's an 84% chance you won't remember where you read our unique information. Don't be another statistic.
    email 
    details
    Flojak Hand Water Pump
    Survival Food
    Bulletproof Home Defense
    Auto Survival Kit
    Food Storage
    Advertisement
    Community Discussion - User Comments
    Patriot Dawn

    Web Design and Content Copyright 2007 - 2014 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Supercharged Intel Xeon5620 on an 8-Core Dedicated Storm Server Powered By Liquid Web

    Dedicated IP Address: 67.43.5.170

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.