Wednesday, November 07, 2012

Marc Faber's Asset Protection Plan: "Buy A Machine Gun", No Really, "You're Right, Buy A Tank"


Tyler Durden's picture Trish Regan and Adam Johnson do their best to hold themselves together in this sublime rant by 'Gloom, Boom & Doom's Marc Faber on Bloomberg TV as he sees Obama's re-election as "very negative for the economy". From his view that the market should be down at least 20% - and maybe 50%, to the implied ignorance of both of the candidates, he believes fervently that the "standards of living of people in the western hemisphere will continue to decline." Faber views Obama's re-election as one of many unintended consequences of market manipulation (since Democrat attacks on the wealthy were 'enabled' by their profiteering from Bernanke's money printing) and sees the need to protect one's assets "with a gun, a machine gun... or perhaps a tank." He concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year term because "there will be so many scandals" since "there is so much smoke, there must be some fire!"

The pre-amble is useful and well worth listening to as Faber describes exactly what is occurring in the world...
The good stuff begins around 7:30 as Faber goes Baumgartner... and gives the Bloomberg hosts a taste of reality we suspect they have not heard from their run-of-the-mill portfolio manager sheep guests...

The NWO In Action: Video of Greek protesters, fire, Molotov cocktails, police state stormtroopers shoot teargas


Iraq After The US Occupation - Hawazen in Iraq + update parts 2 and 3

Morris: Iraq has not fallen to pieces without the US presence - Life is better and just the political vestiges of the occupation have to be cleared up. This is the first part of a multi part interview.

Obama Will Be Worst Fiscal President ever - Biderman


Good morning Mr. President: Uncle Sam is dead broke and there isn’t a darn thing you can do about it

By Richard Cottrell: Few Americans – that is apart from the inner core of carrion feeders and general scavengers on Wall Street – presently realize that America is not only flat broke but rapidly slipping behind Public Enemy Number One, namely, China. Moreover, the Federal Reserve is probably working towards the larceny of foreign gold deposits. Only a late-stage empire on the edge of implosion would get up to that kind of fix.
It is all very simple. The wonderful cure-all called globalism was supposed to cement the role of the United States as Global Number One in perpetuity. Instead, things have gone in another direction altogether.
The brash E and D – ‘emerging and developing’ – crowd have not only come up fast on the inside track – while hardly anyone in the United States can turn out a decent home-made pair of pants these days – their record levels of growth are fast replacing the dollar as the senior reserve currency.
Here’s an interesting stat: the E and D Bloc now accounts for roughly two thirds of all foreign exchange reserves now held in the leading central banks. Like the famous parable of the builder and the barrel, the dollar plunging earthwards has just passed the dynamic new tigers on the way up.
The US – like the EU – is a dying Old World economy. All the fizz is concentrated in South East Asia, which is increasingly known as the RNB Zone – the realm of the Chinese renminbi, the dreaded devil currency lambasted by the political establishment in Washington. Contrary to all the economic illiteracy circulating in the US, the Chinese have no need whatsoever to ‘manipulate’ the RNB against the dollar. Natural organic economic forces are doing the job perfectly well.

Debt crisis "War scene": Protesters clash with police in Athens

Protesters have clashed with police in Athens' Syntagma Square outside of the Greek parliament, as they protest against the governments' austerity budget, which is due to be voted on tonight.


18.36 The scene outside of parliament have been described as a "war scene".

Obamacare will Ruin America - Nomi Prins

Alex presents special live coverage of the election with Nomi Prins. Alex and his guests will offer concise analysis and commentary until midnight. Source

Mario Draghi Sends Risk Reeling After Exposing Bitter European Truth

Tyler Durden's picture It was shaping up like the perfect overnight ramp following yesterday's Goldilocks election result... and then Mario Draghi opened his mouth.
  • DRAGHI SAYS DEBT CRISIS STARTING TO HURT GERMAN ECONOMY
  • DRAGHI SAYS GERMAN RATES LOWER THAN THEY WOULD BE OTHERWISE
  • DRAGHI: CRISIS MAKING GERMAN INTEREST RATES VERY LOW
  • DRAGHI SAYS ECB'S OMT IS NOT DISGUISED FINANCING OF GOVERNMENTS - correct: it is quite overt
End result, after surging to nearly 1.29 last night, the EURUSD plunged in minutes, and just hit 1.275, the lowest in over two months. Of course, to our readers, none of this is surprising. Recall this tweet from October 24:
And so finally, after months and months of explaining the fundamental dichotomy in Europe (see here), it is finally becoming transparent.

Americans Are Euthanized by Big Banks - Max Keiser

Alex presents special live coverage of the election and offers a roster of dynamic guests, including: Trends forecaster Gerald Celente, former trader and television host Max Keiser, investigative journalist Wayne Madsen, economist and former Assistant Secretary of the Treasury in the Reagan Administration Paul Craig Roberts, former congressional chief of staff for Ron Paul, Lew Rockwell, author and former director at Goldman Sachs, Nomi Prins, and historian and author Webster Tarpley. Alex and his guests will offer concise analysis and commentary until midnight. Source

Russia is Not Giving Up Its Independence + Russia's Serbia Plays The EU and Clinton

By NATO causes constant chaos this assists in inciting extremism and recruiting warriors. The West relies upon demonizing leaders that strive for independence. Soviet Union provided a lot for free; education, housing, health was all guaranteed. China is Russia's crucial ally. Madeline Allbright said that one country alone should not control Siberia. And Putin visiting Israel and mixing with the religious Jews did not make a lot of sense to many Russians. Russian Oligarchs are often of Jewish ancestry but they do not appear to be Zionists.

Dave Bankster MIC Shill Cameron, British PM unveils plan to arm terrorists in Syria

British Prime Minister David Warmonger Cameron has revealed his government’s intentions to get more deeply involved with the civil war he helped to create in Syria. It's time to reap the next round of MIC financial benefits by supplying terrorists fighting the country’s popular government with heavy weaponry.

The UK government has already been promoting bloodshed in Syria through its spying agents and its special troops giving logistical help and communications services to terror groups and foreign mercenaries that are seeking to topple the government of president Bashar al-Assad.

Britain, U.S. and their NATO allies usually resort to military adventurism to both silence alternative voices around the world to their own advantage and create lucrative markets for their weapons industries by triggering wars and conflicts across the globe.

During his three-day visit to the Middle East region, David Cameron acted as a salesperson for his country’s weapons manufacturing industry, offering billions of pounds of arms to the target countries.

US ELECTION: Breaking drama as voting booths change preferences - The Slog

Breaking….Booth changing Obama votes into Romney votes 
 GOP complaint moves Judge to call inspectors in
A Pennsylvania electronic voting machine has been taken out of service after being captured on video changing a vote for President Obama into one for Mitt Romney. And a Philadelphia judge has issued a court order allowing all certified minority inspectors into polling places following GOP complaints about barring tactics.
Although Ohio federal judge Gregory Frost yesterday rejected claims raised in a Green Party lawsuit that new software used in voting equipment in some Ohio counties could cause ballots to be altered, the luckless guy on the bench looks like he is being proved wrong bigtime.
In what appears to have the makings of a weird turn-up at the last minute, there was considerable US media confusion late afternoon today  in the US when a Youtube video showed a President Obama preference changing into a vote for Governor Romney. And in the last hour, NBC News has confirmed that the Republicans say some machines have been observed doing the opposite. In addition, the GOP is alleging that dozens of legally credentialled minority voting inspectors were removed from polling places in Philadelphia during the morning.