Mr Doom,,,,,,,,,,,,,,LOL
Faber Warns “Everything Will Collapse”
Famed economist Marc Faber appeared on Bloomberg TV with a harsh, direct warning to investors.
“U.S. monetary policies will destroy the world,” he said, referring to the new round of stimulus – QE3, or “QE Forever” – the Fed plans to launch this year.
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Faber’s not alone.
A group of his economic peers agree that with more central bank action like QE3, global economic collapse is imminent.
In a newly released documentary that went viral last month, a team of influential economic experts say they have discovered a “frightening pattern” they believe points to a massive economic catastrophe unlike anything ever seen.
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“What this pattern represents is a dangerous countdown clock that’s quickly approaching zero,” said Keith Fitz-Gerald, the Chief Investment Strategist for the Money Map Press, who predicted the 2008 oil shock, the credit default swap crisis that helped bring about the recession, and the Greek and European fiscal catastrophe that is still wreaking havoc until this day.
“The resulting chaos is going to crush Americans.”
Another member of this team, Chris Martenson, a global economic trend forecaster, former VP of a Fortune 300, and an internationally recognized expert on the dangers of exponential growth in the economy, explained their findings further:
“We found an identical pattern in our debt, total credit market, and money supply that guarantees they’re going to fail,” Martenson said. “This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.”
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And Now Comes A HUGE Week For The Economy And The Election
Get lot and lots of rest today.
This first week of October is going to be HUGE from both an economic standpoint.
First, here’s an abbreviated version of what’s coming up. These bullets are courtesy of Dave Lutz at Stifel, Nicolaus:
Chinese Markets closed for Golden Week
Central Bank Decisions from Aussie, BOE, ECB and BOJ
Big Ben speaks, and the Minutes from the September meeting
Global PMI Data – China, EU, UK, USA
September Auto Sales and Retailer Same Store Sales
US and EU Employment reports
A Big Spanish Bond Auction
Value Investing Conference – Major HF speakers
European Banking Authority – final report on capital plans
The First debate between Gov. Romney and President Obama
Now, here’s the full schedule:
Read more at http://investmentwatchblog.com/a-frightening-pattern-indicate-that-we-are-heading-to-a-massive-economic-catastrophe-unlike-anything-ever-seen-and-countdown-clock-is-quickly-approaching-zero/#lXMS0ZfEI9xYS10g.99
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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