Business

‘Dr. Doom’ Predicts: Investors Headed Towards ‘Massive Wealth Destruction’

“Runaway government debts have triggered uncontrolled money printing,” the infamous international investor Marc Faber (also known as “Dr. Doom”) said while on CNBC.

Indeed, just look at the U.S. where the Federal Reserve has printed so much money that it has managed to expand its balance sheet by $3 trillion.

Naturally, all this printing by the Fed and other central banks has led to worries of inflation, which, of course, have led to the belief that we could very soon be looking at total portfolio destruction, according to Faber.

How bad could it be?

“Well-to-do” investors could lose about “half their total wealth in the next few years as the consequences pile up from global government debt problems,” Faber told CNBC.

“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse,” Faber said. “Maybe all of it will happen, but at different times.”

Watch “Dr. Doom” discuss oncoming inflation on CNBC:

And although he’s usually pessimistic towards the markets (hence his nickname) and advises investors to seek refuge in gold, “Dr. Doom” believes stocks are a “good choice” right now because central bank policies “pump up asset prices.”

He also advises investors to look into properties in the U.S. South.

“In Georgia, in Arizona, in Florida their property values will not collapse much more and will stabilize, so I think to own some land and some property, not necessarily in the financial centers but in the secondary cities, these are desirable investments relatively speaking,” Faber said.

Lastly, Faber said Fed Chairman Ben Bernanke’s policies will be “friendly toward equity investors” (for now, that is).

“I think that people should own some gold and I think that people should own some equities, because before the collapse will happen, with Mr. Bernanke at the Fed, they’re going to print money and print and print and print,” he said.

“So what you can get is a bad economy with rising equity prices.”

Comments (110)

1 2
  • Guitar Master
    Posted on April 2, 2012 at 3:51pm

    zzzzzzzzzzzzzzzzzzzzzzzz
    From THE REPORTER
    zzzzzzzzzzzzzzzzzzzzzzzz

    BOTTOM LINE:

    Nothing happens without jobs – it’s easy for people to use their charge cards, hence, the personal spending increase.

    Until there is real growth in the economy (re: production) because of higher demand, it will continue to deteriorate.

    Forget all the bull you hear from the press, the administration or bloggers. They all know that the American public will believe the spin.

    HOW DO YOU FIX THE PROBLEM? Until the American people stop being involved in sports and self gratification, the problem won’t get fixed . . . . so, we’re in a sinking ship folks, a sinking ship.

    Report Post »  
  • Detroit paperboy
    Posted on April 2, 2012 at 3:35pm

    We are a vehicle that is rolling downhill and out of gas, still rolling….. But not for long…

    Report Post »  
    • Ruler4You
      Posted on April 2, 2012 at 3:55pm

      Gee. And we are going to have all three.

      Report Post » Ruler4You  
    • georgette
      Posted on April 2, 2012 at 4:09pm

      Can banks foreclose on every single mortgage holder in this nation?
      And if they do? Then what?

      Report Post »  
    • lukerw
      Posted on April 2, 2012 at 5:43pm

      @GEORGETTE
      When Money failed… in Germany… the Government took over Title to all Property (via a Freddie & Fanny, banking rescue), and used Land as the Backing for the Mark!

      Weimar Republic is History… and the Obama plan!

      Report Post » lukerw  
    • Nick
      Posted on April 2, 2012 at 10:43pm

      I think a closer analogy is we’re the Titanic and the passengers are blissfully ignorant of the coming ice berg, dancing in the ballroom, drinking fine wine, eating caviar and lobster, and in a few hours will be on the bottom of the ocean. We‘re at the point where a very very few people know what’s coming, but most will end up in the frigid water.

      It’s very sad.

      Report Post » Nick  
    • MCDAVE
      Posted on April 3, 2012 at 8:15pm

      Look at what a mess Obama has made of our county

      Report Post »  
  • shirlgirl63
    Posted on April 2, 2012 at 3:20pm

    Just bought 3 acres in TN hope to live off the land

    Report Post »  
    • Old Truckers
      Posted on April 2, 2012 at 3:59pm

      I hope so.
      But is it really your land?

      It is yours only if you can continue to pay for it with mortgage payments and the taxes attached to it.
      Stop paying and guess what happens to YOUR land.

      Report Post » Old Truckers  
    • SimpleTruths
      Posted on April 2, 2012 at 6:02pm

      OLD TRUCKERS
      You make it sound like paying somebody (remember, corporations are people!) for something you bought is somehow unfair or wrong. So if you stop paying for the land and it get’s taken away, that’s trampling your freedom?

      Report Post » SimpleTruths  
    • Stew57
      Posted on April 3, 2012 at 12:35pm

      After paying off your mortgage and having a clear title your land is not yours. You rent from the governmant and pay the rent disguised as property taxes. Property taxes should be abolished and some other “legal” way of raising revenue for schools etc.. chosen.

      Report Post »  
    • bankerpapaw
      Posted on April 3, 2012 at 4:28pm

      Good luck!! I hope the government doesn’t come in and confiscate your land.

      Report Post »  
  • universalphilos
    Posted on April 2, 2012 at 3:17pm

    Many of the words of spiritual messengers of God from 1970 to 1989 sound similar to what we are hearing today. April 29, 1970, they said, “Prepare for the famine….the great famine.” Later they said it will begin as an inflationary depression.

    More on this is shared on pages 2 through 6 of the January 2012 newsletter, “Rays of Philosophy” https://docs.google.com/open?id=0BzyT3fgGxb4-M2VmMzU3MDktMGQ5OS00OWQ0LTgxY2UtZDdhNjFlMDMwN2Zm
    Much has been spoken on this since 1970.

    Report Post » universalphilos  
  • carl_in_ohio
    Posted on April 2, 2012 at 2:42pm

    why do we listen to these so called “experts”?
    they don’t have any more clues than you and I. if these experts were so smart, why are we in such trouble?

    greed.

    Report Post »  
    • KidCharlemagne
      Posted on April 2, 2012 at 2:48pm

      Here‘s what an ’expert’ really sounds like:

      “Ben Bernanke Was Wrong:”
      http://www.youtube.com/watch?v=9QpD64GUoXw

      “We’ve never had a nationwide decline in housing prices before……..”

      Report Post »  
    • TRILO
      Posted on April 2, 2012 at 3:01pm

      It is not just greed from those at the top, it is the masses believing that the politicians can give them something for nothing or next to nothing.

      Report Post » TRILO  
    • db321
      Posted on April 2, 2012 at 3:08pm

      Carl – your right – why do we even need to have anyone tell us that America is in financial trouble – Obama wants to destroy America and we are just a tick away from a Monetary Collapse of the US Dollar.

      Carl – you probably have no idea what a Monetary Collapse means and how it will effect you and everyone throughout the World – In 1986, Our Senior Class at UT studied the effects America’s 1 Trillion Govt Debt – We concluded that at $15 to $20 Trillion it’s over!

      No more Govt hand out – No more Govt period! America has been in an Economic Collapse and a Monetary Collapse means our lights have been turned off.

      All we need to do is wait until someone like a Saddam Husein or Soros steps in to restore Order in America.

      Enjoy your Welfare or SSI Check – it may be the last one you receive.

      Report Post » db321  
  • broker0101
    Posted on April 2, 2012 at 2:19pm

    How many of you actually read the story? Buried WAAAAAAY at the end Faber is quoted as concluding that, “He reiterated both his commitment to stocks and gold, but said investors also can find value in other hard assets, particularly in distressed properties in the U.S. South.” Wow! He recommends a DIVERSIFIED Investment Portfolio!! Too bad none of you Beck-Bots care about that. You got your PANIC! Headline and that’s what you wanted to hear.

    Report Post » broker0101  
    • Thevoice
      Posted on April 2, 2012 at 2:49pm

      Here is going to be the headline February 2 2013….PANIC (as you call it) sets in as US government hits debt limit on Communist entitlements…Or PANIC (as you call it) sets in as millions go without welfare payments..Or PANIC (as you call it) sets in as millions see Obama food card shut off…Or PANIC (as you call it) hits as heating subsidies are shut off..So I don’t see or hear anyone in a state of PANIC here ..Most will be prepared ….

      Report Post » Thevoice  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 2:56pm

      PANIC and PARANOIA… are the cross streets where Ron Paul and his acolytes live and drive… the rest of us are trying to do the right thing for our country by way of getting rid of Obama. They are quite content with PANIC, PARANOIA and OBAMA…

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Baddoggy
      Posted on April 2, 2012 at 3:01pm

      Time to end will be out in the streets looking for food handouts and turning over cars like the rest of the Dems…

      Report Post » Baddoggy  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 3:28pm

      LOL. Only the cars with Obama/Ron Paul stickers on them. They are also the cars that say “baby on board, but he’s the driver.”

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • dsm
      Posted on April 3, 2012 at 11:54am

      You are an idiot!!! Beck has always said to diversify your investments. His exact words “don’t put all your eggs in one basket”

      Report Post »  
  • ronin_6
    Posted on April 2, 2012 at 2:13pm

    The only reason these ‘experts’ make these predictions is to cause movement is one market or another. What do you want to bet this guy is trying to get one more jump in the gold market before it comes crashing down around his ears? The sky is not falling.

    Report Post » ronin_6  
    • edcoil
      Posted on April 2, 2012 at 2:15pm

      The last time the market was this high the last Fed Chairman noted it was a 42 year ROI. I have no clue what the market it doing.

      Report Post »  
  • JohnQTaxpayer
    Posted on April 2, 2012 at 1:54pm

    Lead will still be a valued metal

    JQT

    Report Post » JohnQTaxpayer  
  • wzanesdad
    Posted on April 2, 2012 at 1:44pm

    I have a question…..What would happen if every american took a $100 bill and destroyed it? and if they did it without telling anyone…..would it lower the money supply? I don’t know…since currency only theoretically represents wealth, (not backed by gold), wouldn’t it reduce inflation? or would it just make everyone $100 dollars poorer? On the other hand, what would happen if everyone put $100 in a savings acct?

    Report Post » wzanesdad  
    • chazmo
      Posted on April 2, 2012 at 1:59pm

      Better yet.. What would happen if every American put 100 dollars in Gold or Silver? Crash the dollar and PM’s would be to the moon.

      Report Post » chazmo  
    • Thevoice
      Posted on April 2, 2012 at 2:00pm

      Probably would just piss off big Ben ..He only wants to electronically and magically create money then wire it…He hates the thought of actually printing it…Glenn touched on this a time or two. They use to actually look at the hand held cash supply …Sort of (to make it simple) inventory ..So if the actual cash supply was low in theory the economy should be increasing. But they had to stop using it along with other true free market principles for the government to have funds to pay bills create stimulus and other nonsense and now its so far out of balance nobody really even wants to know…

      Report Post » Thevoice  
    • KidCharlemagne
      Posted on April 2, 2012 at 2:00pm

      I have recently read where 90% of all ‘dollars’ currently in existence exist in electronic form (only a very small percentage actually exist in paper form).

      Report Post »  
    • Thevoice
      Posted on April 2, 2012 at 2:18pm

      electronic form ..Is correct … Ben electronically creates it ..Wires it to say Bank of America ..Then they had it out in the form of credit on a credit card..So only a small portion is turned into cash. Then you have the Obama and his commie gang ..Who have Ben type in billions, send it to the credit arm of GM ..and we get a hours of commercials during a football or basketball game ..With the next big sign and drive special…and Obama counting his second finger as a accomplishment on how he saved the auto industry…

      Report Post » Thevoice  
    • wzanesdad
      Posted on April 2, 2012 at 2:41pm

      Thevoice,
      30 years ago, I always walked around with $100 to $200 dollars in my pocket, (we didn’t have all theae debit and credit cars options), What do you think would happen if everyone did that again? I mean if we all used cash instead of cards…not even all of us…maybe even 10 to 20 percent, would that make them print more cash? and if so, would they then be forced to consider cash on hand in thier monetary policies? Or do you think they would end the cash system altogether?

      Report Post » wzanesdad  
    • Thevoice
      Posted on April 2, 2012 at 2:54pm

      That’s a good question …Today credit and electronic funds and money has become big business…Use to be a day that paying cash gave you a 2% discount at many businesses…..The interesting part is how today that business and who can play has been virtually controlled .

      Report Post » Thevoice  
  • wewantchillywilly
    Posted on April 2, 2012 at 1:34pm

    inflation. social unrest. war. credit collapse.

    so one of these 4 can trigger economic destruction.

    what happens if all 4 happen at once?

    Report Post »  
    • AmazingGrace8
      Posted on April 2, 2012 at 1:43pm

      Possible EMP “gift” from Iran or some other country that hates us. In 24 hrs, America will have “rigor mortis”.

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on April 2, 2012 at 1:46pm

      Utter collapse of society, which is what Obama wants as he will have a ‘solution’ prepared for when he sets the panic into action. Of course the only price he will demand is absolute power, control and the loss of all of our freedoms under Kaiser Obama’s absolute iron fisted rule.

      Report Post » Snowleopard {gallery of cat folks}  
    • chazmo
      Posted on April 2, 2012 at 2:12pm

      Meltdown…

      Report Post » chazmo  
    • AmericanFightingMan1
      Posted on April 2, 2012 at 6:46pm

      Have more faith in the American soldier. They (we) will not serve a bolshevik dictator. He won’t have the bodies. Small forces, sure. But not a mass of obedient soldiers. American servicemembers love their country too. And most, intuitively, know what evil is. BHO (and his followers) is/are evil, no doubt. Americans are the best stock in the world to make it when times get tough.

      Report Post » AmericanFightingMan1  
    • wdittgasn
      Posted on April 3, 2012 at 3:44am

      american fighter. there are troops from other countries even some Russian on our soil ready to take over and place us all in camps. Search around, it’s a hidden army just waiting.

      Report Post » wdittgasn  
  • De minimus
    Posted on April 2, 2012 at 1:22pm

    Did ya notice how fast they got him off the air?

    At least now they can say they reported both side right?

    Report Post » De minimus  
    • Thevoice
      Posted on April 2, 2012 at 1:50pm

      How true…The guy makes a valid point…And what do you hear ..Giggle..Giggle…and condensation..The true reality no matter what happens between now and next January ..Is the reality check is coming at the end of January 2013 on the debt limit . So at that point either the government will have to stop spending..Or again increase the debt limit ..Which will set off higher interest rates. Remember we skated by with a slight credit down grade the last time..and the sheeple go on. Again no matter how you want to look at this economy. It was headed towards collapse with a decapitation strike from a enemy which now is about to govern the middle east. On top of that we decided to go down the road of self gratification as a nation using easy credit and bailouts as a fix, and turn away from the free market principles and correction. Weakness of a Bush lead to the disaster of a Obama who on top of all the problems believes in a “New age progressive Communism”ideology ..and now financially you have double the problem to get out of. Just what the enemy planned all along…Yea just keep up the giggles ….

      Report Post » Thevoice  
  • Bullitt2008
    Posted on April 2, 2012 at 1:16pm

    More advice on gold? Even Ed Schultz knew Glenn Beck was right. He’s had ITM Trading Inc (a gold seller) advertise on his website for a long time now.

    Report Post » Bullitt2008  
  • KidCharlemagne
    Posted on April 2, 2012 at 1:13pm

    The previous 4 years worth of U.S. budgets:

    2011 – $1.5 trillion budget deficit (projected)
    2010 – $1.3 trillion budget deficit
    2009 – $1.4 trillion budget deficit
    2008 – $455 billion budget deficit
    http://usgovinfo.about.com/od/federalbudgetprocess/a/Budget-Deficit-History.htm

    In 1971, the same conditions existed then as they do today (inflation ravaged the 1970′s):

    ————-
    “By the early 1970s, as the costs of the Vietnam War and increased domestic spending accelerated inflation, the U.S. was running a balance-of-payments deficit and a trade deficit, the first in the 20th century. The year 1970 was the crucial turning point, because foreign arbitrage of the U.S. dollar caused governmental gold coverage of the paper dollar to decline from 55% to 22%. That, in the view of neoclassical economics and the Austrian School, represented the point where holders of the U.S. dollar lost faith in the U.S. government’s ability to cut its budget and trade deficits.

    By 1971, the money supply had increased by 10%. In the first six months of 1971, $22 billion in assets left the U.S. In May 1971, inflation-wary West Germany was the first member country to unilaterally leave the Bretton Woods system — unwilling to devalue the Deutsche Mark in order to prop up the dollar. In the following three months, West Germany’s move strengthened its economy. Simultaneously, the dollar dropped 7.5% against the Deutsche Mark.”
    http://en.wikipedia.org/wiki/Nixon_Shock

    Report Post »  
    • slickmeister
      Posted on April 2, 2012 at 1:18pm

      Every generation there is another crop of Americans who have been indoctrinated into believing the socialist fallacies promoted by unionized government teachers and the left wing propaganda machine.

      Hence the elections of Jimmy Carter and Barry O’Bummer.

      Then, inevitably the policies of these socialist “leaders” begin to take effect and voters realize their mistake. Hopefully, the pattern continues and instead of allowing O’Bummer to lead us down the road to serfdom, we have another Reagan revival.

      Report Post » slickmeister  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:29pm

      SLICK. Don’t mention “Reagan Revival” to a Ron Paul supporter as per your response to KID. Reagan is NOT a fan favorate when it comes to Ron Paul or his acolytes. Oh yeah… they’ll use his quotes though… and pretend they like him… but… lol.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • KidCharlemagne
      Posted on April 2, 2012 at 1:56pm

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:29pm

      SLICK. Don’t mention “Reagan Revival” to a Ron Paul supporter as per your response to KID. Reagan is NOT a fan favorate when it comes to Ron Paul or his acolytes.
      ===========================================

      Reagan ran up HUGE budget deficits too (taking full advantage of the petrodollar system):

      1989 – $152.6 billion budget deficit
      1988 – $155.2 billion budget deficit
      1987 – $149.7 billion budget deficit
      1986 – $221.2 billion budget deficit
      1985 – $212.3 billion budget deficit
      1984 – $185.4 billion budget deficit
      1983 – $207.8 billion budget deficit
      1982 – $128 billion budget deficit
      1981 – $79 billion budget deficit
      http://usgovinfo.about.com/od/federalbudgetprocess/a/Budget-Deficit-History.htm

      When you live off of somebody else’s money though, then its easy to keep spending it.

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 2:07pm

      KID. Just “warmed over Keynesianism” right? You forgot to throw that in… lol.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • ianmc002
      Posted on April 2, 2012 at 2:23pm

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12

      As usual Time…refuting the proof right before you. Kid even went so far to post you the link.
      Keep chanting your non-factual/conspiracy theory Paul slogans Time lol

      Report Post » ianmc002  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 2:44pm

      IAN. There is no need for me to provide you proof of anything because if I write… that’s your proof. We here in America call it opinion based on the facts as we read and interpret them. You can play connect to the link if you desire. I won’t make it that easy on you. Do your own damn research… lol.

      Now, the point of my comment was… what do KID, and now you IAN, along with the rest of the Ron Paul cult of personality supporters REALLY think of Ronald Reagan?? I know what Ron Paul has said and written. Now it’s your turn….

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • KidCharlemagne
      Posted on April 2, 2012 at 3:37pm

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 2:44pm

      what do KID, and now you IAN, along with the rest of the Ron Paul cult of personality supporters REALLY think of Ronald Reagan??
      ==============================

      I think he was living off of $1.49 trillion (the sum of 1981 through 1989′s budget deficits) of somebody else’s money.

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 4:01pm

      Ron Paul 2012: “I’m the one who stood with Reagan.”

      Ron Paul 1987: “America will suffer from a Reaganomics that is nothing but warmed-over Keynesianism.”

      Ron Paul 1987: “There is no credibility left for the Republican Party as a force to reduce the size of government. That is the message of the Reagan years.”

      Ron Paul 1987: “Thanks to the President [Reagan] and Republican Party, we have lost the chance to reduce the deficit and the spending in a non-crisis fashion. Even worse, big government has been legitimized in a way the Democrats never could have accomplished.”

      Ron Paul 1987: “I want to totally disassociate myself from the [Reagan] policies that have given us unprecedented deficits, massive monetary inflation, indiscriminate military spending, an irrational and unconstitutional foreign policy, zooming foreign aid, the exaltation of international banking, and the attack on our personal liberties and privacy.”

      Yep… that’s some of what Ron Paul has had to say about Reagan, not to mention what Ron Paul’s mentors/associates and supporters have had to say about Ronald Reagan.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • MetalPatriot
      Posted on April 2, 2012 at 4:30pm

      Excellent post Kidcharlemagne

      Report Post » MetalPatriot  
    • ianmc002
      Posted on April 3, 2012 at 11:02am

      TIME_2_END_THE_PAUL_CAMPAIGN_IN_12

      Paul actually endorsed Reagan…in the beginning. Then Ron found out that Reagan, like so many ‘conservatives’ wasn’t gonna actually do what he promised. Ron has ALWAYS stood on the side of smaller Constitutional government.

      The Hippocratic Oath no longer applies to doctors.

      Report Post » ianmc002  
  • N-TIME-WATCHER
    Posted on April 2, 2012 at 1:06pm

    FINALLY someone else who isn’t afraid to tell the truth! Famous last words………
    It’s made of steel madam, I assure you it will sink!!!!

    Report Post » N-TIME-WATCHER  
  • BlackCrow
    Posted on April 2, 2012 at 1:06pm

    He forgot guns and ammunition.

    With every world currency backed by debt a total collapse was inevitable. You cannot continue to borrow money with only a promise to pay it back with more borrowed money which is exactly what governments have been doing for years.

    Report Post » BlackCrow  
  • teddrunk
    Posted on April 2, 2012 at 1:03pm

    America’s destruction was guaranteed August 18, 1920 with the ratifying of the 19th Amendment.
    Don’t believe me, just look at the headline on Drudge. Women switching over to Obama. It’s the “Eve Syndrome” all over again. We’re doomed thanks to women.

    Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:11pm

      Same with Bill Clinton. Could never figure out why any woman would vote for Bill Clinton. It’s astounding to me. And millions of women STILL speak highly of Clinton… AMAZING!

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • AmazingGrace8
      Posted on April 2, 2012 at 1:56pm

      Many Americans blame women for prohibition. Women stopping their man from being liquored-up & abandon family. Liquor & gambling & seeking a prostitute or have an affair ruins family unit Guess that is where that line comes from, “a woman’s work is never done”.

      Report Post »  
    • SREGN
      Posted on April 2, 2012 at 2:32pm

      It’s time to end women suffrage. There are countless women out there all over America suffraging all over the place, and the results have been horrific. Please join Adam and Jimmy and I by signing the petition to End Womens’ Suffrage. Thank you for your support.

      Report Post »  
  • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
    Posted on April 2, 2012 at 1:01pm

    From all accounts this guy has been fairly accurate in his assessments, but you always have to be wary of a guy who endorses Ron Paul.

    Dr Doom endorsing Dr No. It‘s all Doom and Gloom if you don’t listen to just the right doctors… eh?

    Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Baddoggy
      Posted on April 2, 2012 at 1:08pm

      Yep…that’s right. You will be laughing out the other side of your mouth when the system melts to the ground. I dont know if you will be a looter or just someone standing at the ATM trying to get his money out when the SHTF…Probably both..

      Report Post » Baddoggy  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:19pm

      LOL. I put myself in a position to make it through right ’till the very end when when Jesus calls me home BADDOGGY. Can’t credit Ron Paul with a bit of MY prior planning and foresight. Not one bit. All that you Ron Paul acolytes are doing is nothing more than playing catch-up with us clear thinkers. My estimation is that most of you will be left behind if the balloon goes up.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Baddoggy
      Posted on April 2, 2012 at 3:00pm

      I wont be left behind…and HE is not a balloon either…

      Report Post » Baddoggy  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 4:21pm

      Of course you won’t get left behind BADDOGGY… your doomsday-prepper militia will be right there for ya’! And tonight’s movie? The Jew hating Mel Gibson in the Patriot! You can get all slobbery with your comrades in arms envisioning themselves in Mel Gibson’s role, OR… when he was pulled over for drunk driving and Jew ranting. I‘m sure either role will be to y’all’s liking…

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
  • 82dAirborne
    Posted on April 2, 2012 at 12:57pm

    Dr. Doom?? The Photo doesn’t look like Glenn at all!!

    Report Post » 82dAirborne  
  • Blacktooth
    Posted on April 2, 2012 at 12:57pm

    Do whatever you can do get out of debt.
    Debt, personal and business debt destroys true wealth and independence.

    Report Post » Blacktooth  
    • The Jewish Avenger
      Posted on April 2, 2012 at 1:12pm

      Now the hard part on that advice. How do we convince the masses to do so when they all will have live like they are already impoverished.

      If we are lucky we can pull this off by this summer, others its 20-40 years….

      Even as simple as 5 years for a car is something to worry about.

      It stinks for you dont want to believe that “THE END IS NEIGH” as far as financial and democracy in the United States is concerned.

      The only thing that would save us at this point is if China attacked the UAE and the U.N. promised to pay our bills off and if we protected them and gave us the green light to make them glow in the dark. But, we know that’ll never happen, China is quickly racing to the level of Superpower.

      Unless someone can figure out how to make China’s bond = worthless and pay off the entire debt in 10 years without collapsing the dollar, we’re screwed.

      How much of the US would we have to give to pay off our debt.

      Any chance they’d take Alaska and Hawaii as payment?
      Fine take New York, Massachusetts and California then.

      Report Post » The Jewish Avenger  
    • chazmo
      Posted on April 2, 2012 at 2:10pm

      You are right in a normal world.. But, when it all goes to shlt, debt won’t mean shlt. Keep you money out of banks.. Buy food, Gold/Silver, and/or land. Get it out of the banks… Savings in a bank is for suckers.

      Report Post » chazmo  
  • Acting Man
    Posted on April 2, 2012 at 12:57pm

    This guy subscribes to the Austrian School of Economics, just the same as Ron Paul. He must be an idiot.

    Report Post »  
    • Baddoggy
      Posted on April 2, 2012 at 1:03pm

      Yea right…You are one of those that will be shocked out of your pajamas when the meltdown comes. Keep living under your rock. At least you will have protection there. Your user name should be ostrich…

      Report Post » Baddoggy  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:05pm

      The Murray Rothbard school of BS anti-war zeolotry economics.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Acting Man
      Posted on April 2, 2012 at 1:48pm

      Yeah, property rights, please. You should start calling people Rothbardtards, that would really solidify your genius and credibility on the Blaze.

      Report Post »  
    • Acting Man
      Posted on April 2, 2012 at 1:50pm

      Have you ever read anything by Murray Rothbard?

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 1:57pm

      Oh yeah ACTING. I’ve read more about Murray Rothbard than you can possibly recite page by page in a year. But don’t let that stop you from trying, lol. Ron Paul/Lew Rockwell summer camp only teaches you guys what they want you to know. The rest doesn’t fit the story line…

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Acting Man
      Posted on April 2, 2012 at 2:05pm

      So you have never read anything written by Murray Rothbard himself?

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on April 2, 2012 at 2:09pm

      Give it up ACTING. Or should I say…. give up ACTING.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • Acting Man
      Posted on April 2, 2012 at 2:09pm

      You must be really educated.

      Report Post »  
  • The_Almighty_Creestof
    Posted on April 2, 2012 at 12:54pm

    So…what am I suppose to do? I have $450,000.00 in annuities, stock and profit sharing. Am I suppose to cash them all out, pay the penalties and interest…and then buy old gold coins with what little is left? Just so I can afford to eat in a country gone to hell with food riots? Watch from my window a live version of the films you see from the great depression…people looking like concentratation camp prisoners standing in line for bread?

    When it’s over, it’s over…for all of us…unless you are VERY wealthy and can afford to live on an island, or behind large gates with bodyguards.

    Report Post »  
    • Baddoggy
      Posted on April 2, 2012 at 1:05pm

      That is excatly what i did. The money I spent in penalties has already came back with the price of gold and silver. It was a boom for me. I have full control of my money now. i dont worry about a meltdown at all. I am also heavily invested in lead….

      Report Post » Baddoggy  
    • Diego Roswell
      Posted on April 2, 2012 at 5:30pm

      One answer is to start banding together with like minded people in areas like South Georgia. If you haven’t cashed out your 401K or IRA remember that when the state or federal government needs your money to pay for services they will just take it at a push of a button. I too am trapped in California for now, but am working on several options. I fully expect fires and riots this summer in Oakland, Detroit, Baltimore, Los Angeles, Miami, and other minority dependent cities.

      Report Post » Diego Roswell  
  • marvlus
    Posted on April 2, 2012 at 12:53pm

    H’mm. Recently bought 40 acres of land in south Georgia. I think my instincts were telling me to do this based on current social and economic conditions.

    Report Post »  
    • chazmo
      Posted on April 2, 2012 at 2:15pm

      You think I could get 10 off ya.. :) I’ll bring the food, guns, gold, silver, generators, etc etc.. :)
      I envy you brother… I really do.. I’m stuck in this God forsaken hell hole called Kalifornia..

      Report Post » chazmo  
    • lketchum
      Posted on April 2, 2012 at 3:02pm

      Same here. I live in Alabama and I have everything in tangibles – land, old coins, machine tools, like lathes, and milling machines and commercial textile mills. Naturally, we have tons of food storage to help take care of neighbors who may not be as prepared. Start building a very tight network of local supporters and build extra homes, so skilled people can come to your retreat and help protect it.
      Make self-sufficiency a lifestyle. It can be tons of fun and you’ll stay really fit.

      Report Post » lketchum  
  • wampanoag
    Posted on April 2, 2012 at 12:45pm

    For socialists wealth destruction is a wonderful thing. Poor people have no wealth and will not be hurt. If the savers in this nation do not stand up and take the fight against the socialists in control, they will end up like the Cuban whites or the White Russians, broke and dispossessed. Dont be surprised if a family of squatters will move into your house in 20 years. This is the socialists fondest dream.

    Report Post »  
    • Leslie Anne
      Posted on April 2, 2012 at 1:36pm

      With 651 sq. ft. and only one bathroom with a tub, no shower, I believe I’ll be immune to any squatters wanting to share my home. Living BELOW my means has its advantages :)

      Report Post »  
    • Diego Roswell
      Posted on April 2, 2012 at 5:24pm

      The federal troops will have to disarm Americans first. If America is to be a Socialist Balkanized “region” and no longer a Free Republic, many lives will first be lost in violence that has not been seen on our soil since 1861 -1865. It does not matter what state you live in, once private property and the rule of law is no longer enforced, it is over. Millions will die as Free Americans take up arms to preserve the crumbling republic. Dr. Doom is correct about buying land in the South. Do it if you can.

      Report Post » Diego Roswell  
  • KidCharlemagne
    Posted on April 2, 2012 at 12:44pm

    Gee…..I wonder where Faber ever got that impression from?:

    ——————-
    “WSJ: Fed Buying 61 Percent of US Debt
    Wednesday, 28 Mar 2012 11:08 AM
    By Julie Crawshaw and Forrest Jones

    The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a Wall Street Journal opinion article published Wednesday.

    “Last year the Fed purchased a stunning 61 percent of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis,” Goodman writes.”
    http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/28/id/434106?s=al&promo_code=E8AA-1

    Remember what Nixon said after Uncle Sam defaulted on its obligation to pay in August of 1971: “We’re all Keynesians now.”

    Report Post »  
  • Moozmom
    Posted on April 2, 2012 at 12:42pm

    Please read the book, The Harbinger and you will understand what is happening to America. We cannot stop this cycle of continual judgements unless we do one thing and it’s the hardest and biggest thing we will ever do.

    Report Post »  
    • ADNIL
      Posted on April 2, 2012 at 1:06pm

      and that is…?????

      Report Post »  
    • SREGN
      Posted on April 2, 2012 at 1:17pm

      Turn back to God.

      Report Post »  
    • momrules
      Posted on April 2, 2012 at 1:31pm

      I am reading the Harbinger now. Facinating!! Kickagrandma has been telling everyone to read it too. Everyone should.

      Report Post »  
    • chazmo
      Posted on April 2, 2012 at 2:21pm

      I don’t need to read the book to understand what has happened to America. It’s turned into a Godless, Socialist, envious, gluttonous, Good=Evil, Evil=Good, Social Justice, hateful, ugly, murderous, wicked heathenish place to live. :(

      Report Post » chazmo  
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