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Don Tiberone

Posted: Wed Nov 26, 2008 6:44 am

Guest

http://moneynews.newsmax.com/streettalk/global_economy/2008/11/25/155115.html

Faber: Global Economy Imploding, Buy Gold

Tuesday, November 25, 2008 2:26 PM

By: Gene Koprowski Article Font Size

The global economy is "imploding" and central banks have "become
asylums for economies that have gone insane," says noted contrarian
investor and economist Marc Faber.

In an interview with Bloomberg TV, Faber said that investors need to
act as their "own central banker" and invest in physical gold assets.

"Worldwide, governments are injecting liquidity and then everything
goes up, and some things go up more than others," said Faber.

"You can trade this rally in ETFs, or physical commodities, or
derivatives, but, at some point, from January to March, the global
economy is imploding. There is not going to be a recovery despite the
government intervention."

Faber, who heads his own firm, Marc Faber Ltd., said that
international liquidity has to improve dramatically for the economies
of the world to settle down.

Faber said he is not interested in industrial commodities because he
thinks that capital spending will decline precipitously next year,
reducing the need for commodities used in manufacturing.

Right now, he is buying only physical gold.

"I don't trust derivative products. I advise Americans to buy and hold
gold assets outside of the United States," Faber warns.

Faber says he disagrees with a government proposal to help bolster
banks with consumer debt problems. The bailout of Citigroup this week
is a mistake that will only compound the problem and make economic
recovery take longer, he said.

"Nobody has asked whether to do nothing would be the best option. Let
Citigroup go bankrupt. It will be lost anyway. Let existing
shareholders lose. The government could guarantee the depositors,"
Faber says.

Sen. James Inhofe (R-Okla.), in an article entitled, "Take it Back,"
wrote in the National Review this week that the greatest threat to the
U.S. economy now is government intervention in the free economy.

"By far the greatest threat to economic growth and prosperity in the
years to come is the extent to which the government has recently
entangled itself in the marketplace," he writes.

Rich Uncle

Posted: Wed Nov 26, 2008 7:52 am

Guest

Thank goodness for President Bush and Henry M. Paulson, Jr. for
considering the interests of helpless widows and orphans.

On Nov 26, 2:44 pm, Don Tiberone <s_knig...@my-Deja.com> wrote:

Quote:

http://moneynews.newsmax.com/streettalk/global_economy/2008/11/25/155...

Faber: Global Economy Imploding, Buy Gold

Tuesday, November 25, 2008 2:26 PM

By: Gene Koprowski Article Font Size
....<snipped>...
Faber says he disagrees with a government proposal to help bolster
banks with consumer debt problems. The bailout of Citigroup this week
is a mistake that will only compound the problem and make economic
recovery take longer, he said.

"Nobody has asked whether to do nothing would be the best option. Let
Citigroup go bankrupt. It will be lost anyway. Let existing
shareholders lose. The government could guarantee the depositors,"
Faber says.
....<split>...

Tony

Posted: Wed Nov 26, 2008 6:45 pm

Guest

Read this and weep.

Subject:
BCE deal is toast!
Date:
Wed, 26 Nov 2008 08:22:50 -0500
From:
Tony <Tony@TheDeli.Sandwich>
Organization:
Sultans Of CyberFROG
Newsgroups:
misc.invest.canada, can.internet.highspeed, misc.invest.stocks

If you read my short sale recommendation back on November 11th on this
newsgroup (misc.invest.canada) you'll see i mentioned BCE as one of the
stocks to sell short. You'll be looking good today if you took my
professional advice. For the bozos on can.internet.highspeed this deal
never had a chance in the first place way, way back when. To Caisse De
Depot ha, ha, ha it looks good on you... stupid FROGs. Maybe we should
ask BCE to give all the subscribers a rebate cheque from the proceeds of
the teachers 1.2 billion dollar gift.

Now do you get it? So don't bumsteer everybody gold will implode back to 400
bucks and ounce or less.

Quote:

--
The Grandmaster of the CyberFROG

Come get your ticket to CyberFROG city

Nay, Art thou decideth playeth ye simpleton games. *Some* of us know proper
manners

Very few. I used to take calls from *rank* noobs,

Hamster isn't a newsreader it's a mistake!

El-Gonzo Jackson FROGS both me and Chuckcar

Master Juba was a black man imitating a white man imitating a black man

Using my technical prowess and computer abilities to answer questions beyond the
realm of understandability

Regards Tony... Making usenet better for everyone everyday

Tony

Posted: Wed Nov 26, 2008 7:03 pm

Guest

Subject:
FROG morons Caisse de dépôt to be stung big time on BCE next month
Date:
Fri, 21 Nov 2008 12:24:01 -0500
From:
Tony <Tony@TheDeli.Sandwich>
Organization:
Sultans Of CyberFROG
Newsgroups:
can.internet.highspeed, sympatico.highspeed, misc.invest.canada

Caisse de dépôt the FROG morons who pushed BCE up to over 38 bucks a
share better get out the crying towels next month. Everything is back to
normal BCE is back below 34 bucks a share and heading a lot lower. Also
if you have any gold sell it now and sell gold and or the gold shares
share short. Gold is headed for 400 bucks US an ounce or lower maybe 250
US. Wait 18 moths then buy it at much reduced prices.

Quote:

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