“It is difficult to tell what will happen. I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election the next Fed chairman will also be a money printer. And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down. And I don’t like bonds. I don’t particularly like equities, but I think equities are a better space to be in than bonds.” – Marc Faber
Jim’s Quote of the Day:
- Ad Seed for SecurityOur Colossal Survival Pack is now on sale for 25% off. This pack contains over 5 pounds of non-GMO, open-pollinated seeds packed for long term storage.
- Ad The Good News About Nuclear Destruction.The lethality of all nukes can be reduced by 90% when you know beforehand what to do and not do.