"In the long term, the dollar is a doomed currency. It will go to zero," Faber Says Bernanke Policy Will `Destroy' U.S. Dollar"
March 08, 2008
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I am a follower of Jim Rogers and Marc Faber. Both have been very right on their calls
about the US market and the dollar.
(FYI- I now have 4400 CAP points in seven month. You can call it whatever you like.... I also created abitarePERFECT to focus more on accuracy. abitarePerfect was the "one day Hottest player" last week)
Marc Faber recently published Gloom, Boom and Doom report Marketwatch has a summary:
'Doom and Gloom' has just begun Bearish newsletter editor finds little cheer in most assets
"We may now have a hostile environment for all asset classes, with the exception of some real estate and commodities," said the editor of The Gloom, Doom and Boom Report, pointing out that since 2002 all asset classes have been rising -- a phenomenon that hasn't been seen for 200 years. "The current synchronized global economic boom and universal all-encompassing asset bubble will lead to a colossal bust," he said.
Financial markets, currently in the grips of a credit bubble that worsens by the day, will see a protracted period of high volatility, in which 20% movements either up or down become common and the chances of making a lot of money become very difficult, he said.
"I believe we're in the midst of the greatest asset bubble ever," said Faber in the January 2007 article.
"In the long term, the dollar is a doomed currency. It will go to zero," he said, which produced some nervous laughter from the audience.
Marc Faber video is here:
Jim Rogers is here Ditching the Doomed Dollar:
Peter Schiff is here The inevitable collpase of the dollar:
My call in Nov 07 is here:
Why the Market sold off and will continue. Sinking Currency, Sinking CountryI welcome comments and hope to be very wrong... I prefer a Bullamrket etc...
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