"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -Ludwig Von Mises
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Jan
26

Marc Faber: It’s a total disaster, we’re all doomed, we’re doomed!

Author: Mac Slavo
                            Comments (5)

Marc Faber joins CNBC to discuss the global economic outlook on January 22, 2010.

“I don’t have a very high opinion of Mr. Obama. I mean, I was very negative of Mr. Bush, but I think Mr. Obama makes him look like a genius.

So, you can imagine what I think of Mr. Obama’s economic policy initiatives across the board. It’s been, so far, a complete failure.”

In typical Faber fashion, the good doctor discusses his view on where we’re headed:

“I’ll tell you, when you look at the United States, you cannot imagine that they can solve their problems. It’s a total disaster. We’re all doomed, we’re doomed!”

Watch Marc Faber on CNBC Below (Part 1 of 2):

Watch Marc Faber on CNBC Below (Part 2 of 2):

Author: Mac Slavo
Date: January 26th, 2010
Visit the Author's Website: http://www.SHTFplan.com/

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5 Responses to “Marc Faber: It’s a total disaster, we’re all doomed, we’re doomed!”

  1. Lakeisha
    January 26th, 2010 at 8:05 pm

    Couldnt agree more, Obama has been such a disappointment.  America is hurting bad.  Hes probably home sleeping right now.

  2. Airborne71
    January 27th, 2010 at 1:55 am

    I honestly cannot dis-agree with him , we see way too many indicators out there not to .  And as a side note this to me is just another indicator that my “Prepring ” is justified !

  3. AirHeart
    January 27th, 2010 at 8:06 am

    The first black president and I knew all along he was only given power so that he could be a scapegoat. I never thought the future was going to look like a Mad Max movie.

  4. robert61
    January 28th, 2010 at 12:22 am

    the dems have been in control for 1 year now, from the house, senate and president.  They can’t pass much of anything and it’s all Bush’s fault? I don’t buy that. The people of Mass spoke. The Pres is in contempt of the people. He want’s to remembered for Obamacare. The townhall meetings this past summer  mean’t nothing? (a result of Mass voting in a repub.  Where is the money coming from to pay for this? 

    hey guess what there is money. the people are broke.

    CHEERS!

  5. robert61
    January 28th, 2010 at 12:24 am

    ooops, i mean’t there is NO money.

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