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Marc Faber:"the dollar will loses its value to pretty much everything in the world...I am bearish on everything"

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March 19, 2008 – Comments (8) | RELATED TICKERS: GLD , SLV , SKF

I am with Faber and Jim Rogers and "we" are right. I have racked up 4700-5k points in 7 months. (Sorry about my accuracy, I have been over trading looking for the pending "biggest losers". abitareperfect has more patients and better accuracy) 

 

Marc Faber called the US recession back in 9/17/07

 

8 Comments – Post Your Own

#1) On March 20, 2008 at 1:07 AM, dwot (61.31) wrote:

GS comment is very good, "I don't know if it is worth $250/share or $10/share.  You don't either."

I want more recommends on my post with the tech video ...

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#2) On March 20, 2008 at 1:49 AM, DemonDoug (84.09) wrote:

abit: I completely agree with Faber, and now you know why I'm bullish on solar.  We need energy, and I'm bullish on the things that he is - energy, necessities, commodities, tobacco.  I like the "i'm bearish on everything" comment because I'm right there with him lolz.

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#3) On March 20, 2008 at 6:37 AM, abitare (76.73) wrote:

dwot and DD,

Two of my favorite, Favorites!

Concur on the GS comment. It was very true.

I owned STP last year. I am looking at it again. I don't hate solar as much as I say. I think many of these companies have not made any money (and won't) and the funds are deleveraging, especially the high flying solar, China etc... 

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#4) On March 20, 2008 at 9:29 AM, Zanibel17 (97.23) wrote:

Abit, thanks for posting these.  You always find such great videos. Faber said in the latter video "Gold is very cheap at $700."  Wish I'd listened.

I beat Marc Faber in predicting the recession, btw! :) Check out this post I wrote last spring. 

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#5) On March 20, 2008 at 9:08 PM, lquadland10 (< 20) wrote:

He predicted this 9/17 so now it is happening. Now the dollar will go up and just who is proping up our dollar. We are bankrupt just read my other blogs. Soverin wealth funds will have to step in. the g-5 or g-7 bankers are manipulating the market in my humble thinking. They just don't want people to withdraw their money from the banks because the whole system will crash. If they can't cover city bank can they cover any bank? The answer is no they can't. Even if it FIDC insured. Just the cold hard facts. The country is bankrupted. Do the homework. With this week's bailout's we are stone cold broke in my humble thoughts.  Pay cash for what you want and does anyone have savings to get you through the rough time?

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#6) On March 20, 2008 at 9:35 PM, abitare (76.73) wrote:

Zan,

Easy work. Very good call in April. I was not an official "bear" until Aug and anounced it in Nov 07 (Sinking Currency, Sinking Country). 

lq, 

No video?! 

Soverin wealth funds will have to step in.

Do not have enough in assets to match the 1% of the derevative market.  

The country is bankrupted. 

Well, the US still has assets to monitze and sell, but the currency may collapse. We have gone thru several 2 FEDs already.  

does anyone have savings to get you through the rough time?

Yes, some will. In the last depression unemployment was 20%, 80% was still working. 

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#7) On March 20, 2008 at 9:54 PM, motleyanimal (83.60) wrote:

     “It's better to be an optimist who is sometimes wrong than a pessimist who is always right

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#8) On March 21, 2008 at 12:03 AM, lquadland10 (< 20) wrote:

I told you I needed a depression. And yes min wage should be 31.00 an hour.

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