Rocking the system would be something along the line of enacting the corrupt and unconstitutional federal reserve act. Used to create money out of thin air (imaginary) and loan it to the government (unable to account for 21 TRILLION dollars between 1998 and 2015, 2.3 TRILLION on September 10th 2001) at interest which is paid for by the taxpayer (taxation without representation, future wealth theft). While it presently appears as though the world reserve currency has changed. Don't worry the entities that caused this problem have a solution you will be using soon.
The situation we are in now is what they (literally the governments and his officials)have been planning all along. So improve ourselves 1% each day by doing what is necessary.
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what's the best way to take advantage of this bear market?
@@ebonicalbert5711 The SVB situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far," It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor
@@smithwillison6345 I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@@williamadams2361 .I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging, who's the person guiding you?
speaking as a Canadian, i can tell you that this country is considered a rich country but in reality many of the people are poor and are one or two pay checks away from not being able to pay bills or for food.
Correct. There is no middle class. My husband and I are both college instructors and can't afford to upgrade our car. We are not lavish at all. We almost never eat out. We camp as vacation. We live in a 1200 square foot home in a well-below average housing market region. And we still find it difficult to live a modest, middle class, lifestyle. Very frustrating.
It's not all bad, your government thanks you all greatly for making a 'few people' incredibly wealthy though from buying all their 'neat stuff', that isn't needed really. Marketing, is the best way to put it, I guess. Don't worry though, you will have plenty of company in 'misery', like here in the U.S. and many, many other places. I like Canada, however, and have family there. Sorry for the Leftist governments their too. Hope you, and others, miraculously turn out just fine and dandy. Regards to you and Canada.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
@@angelicaaquino4109 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
@@kenanporubsky2122 'Christine Jane Mclean’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@angelicaaquino4109 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
Everyone knew inflation was out of control last summer when Powell and Yellen kept saying, "inflation is transitory." Now Americans are suffering with serious inflation + a recession. Fed Rates are way too low still. Marc +++++ the best
The amazing thing to me is what I read in Signature Bank's latest earnings report on Jan 17th. Solid earnings over $4 a share. Well capitalized. Great ratios. No reason to think this bank could ever have an issue. SEIZED 7 weeks later. Stunning. This has to be the tip of the iceberg.
Striking. SVB looked solid too, very safe... on paper. The system itself isn't safe, however. The crooks made/changed the rules and it shouldn't be a surprise.
Love Marc!!!! He's spot on about a lot of things! This guy has some WISDOM!! Really loved listening to him We need more old guys to pass on their wisdom to us! Thank you Marc
Thanks Adam! You’re the man! 🇺🇸 You’re the only commentator that’s represents the little guy and asks the difficult questions. Really appreciate it. I would love to see you go on a mainstream channel and just rip them a new one. But they would never have that! Lol
👍It is refreshing to hear a commentator who respects and understands the situation of what used to be called the 'working-class', e.g. roofers and truckers. 👍
@@marybusch6182 Am, well, we all appreciate first responders -- and many of them work hard. But the difference is they are usually employed by the state, protected by unions, celebrated by the media and don't suffer occupational physical-wear-out. So, no, not quite.
i'm old enough to remember roofers who spoke english. corporations can't export those jobs so they changed the rules and import the labor.... and the media says those are jobs Americans wont do. LIARS and whores.
@@jonathanlee5185 i am thinking of all the minimum wage employees at hospitals, car homes and nuseries who do not belong to unions and who after working 3 jobs die before they can even think of retiring. Who are treated as one step up from untouchables. You know that bottom 50%
Thank you , for having Marc on your show. He has a lot of experience and insight ! We appreciate this. Hope Marc returns soon ! He's such a pleasure to listen too !
What an awesome interview. Always love the opinions of Marc Faber. I don't always 100% agree, but he always gives you a new perspective that you have not thought about.
Bravo, Adam. Thank you for your dedication, persistence and caring about our world and economy, It is above and beyond what might be expected of an investment advisor. We are lucky to have your unrelenting reporting of what's possibly on the horizon and how to prepare just in case.
Thank you so much for this insight into Mark's thoughts. He really is a wonderful analyst of the world macroeconomic situation, and I do think everybody should heed his warnings. Thanks again for all your work for bringing us the insights of the world's economic thought leaders.
If the leaders can just change the rules and definitions on a whim to suit their needs, how can we have any confidence in the system anymore to keep playing?
that's the point: "no fairness - no motivation" ... ... over half of the living costs are capital costs today - why should those who do not benefit from this system's ruleset be motivated, if they have no chance of changing their status and those of their kids? ... more and more people are about to realize this - and here lies the danger for those who own. In history, "war" was very often the answer to such a situation... ... mainstream-propaganda is not working the way it did before the internet came up - not enough jobs for keeping the potentially risky masses under control by letting them work ... and the same problem everywhere ... ==>> this is like Guttenberg's printing press (30 years of war) + Industrialization (WW1 + WW2) combined now ...
Fortunately, USA government employees receive full retirement at 55. Police and fire department can claim disability even earlier. Defer government pensions, then talk about social security.
Doctor Doom is always a delight. Sophisticated. Witty. Honest. He is the best guest ever to appear on WEALTHION. Love your show Adam. Wouldn't have missed this episode for the world. Indeed. Exciting times beckon imminently.
Marc Faber wrote one of the absolute best books on investing and financial history, called “Tomorrow’s Gold”. This was over 20 years ago. But then afterwards he turned into a permabear. So while I have enormous respect for him, if you had followed his advice these last twenty years, you would have missed a huge bull run. Here, however, he’s not being a permabear. I think he’s being very reasonable and realistic.
This is point of view refreshing to say the least. We have been subjected to political incompetence by those who’s only goal is to fester their own nests for quite some time now. Indeed there are still those that genuinely strive for success in all arenas that will benefit the good. Thank you for this assuring post and we look forward to many more.
So let me get this straight. You are taxed all your life and then they only want you to be able to take SS for one year. Isn’t our government so caring for the people. If the government would let you have your own money you would be rich.
Brilliant analysis about the needs of different types of workers in the world. Of course physical trades wear out the body faster! I have never considered this fact and it makes perfect sense. Brilliant.
Marc Faber's accent and tone makes him so fun to listen to....I find him so much more interesting now vs 20 plus yrs ago when he used to appear on CNBC....
Love the channel, all the information and the interviews. That's said I find it ironic that the title is "we are destroying ourselves" as he smokes a cigarette lol
Very good show, I About Italy, cheep housing... That has changed in Italy. Due to huge subsidies from the EC (EU) in to Italy...of 110% of the cost of a complete renovation, yes 110%... the price has skyrocketed in many areas. The cost of the renovation has also tripled in some parts, since everything has been paid for by the covernment in the last two years. I guess this was a program because of the covid incursion as well as to keep the Italien people calm. After all, there is a risk of a financial collapse if Italy decides to stop paying its debts. That would be a financial crisis in the Eurozone on an unbelievable scale, since France and Germany have very large financial guarantees in Italy. This could collapse the banks in Europe. That's why the EC in Brussels are throwing subsidies at Italian... Also, the laws of old houses are very strict in italy and many are under "monument protection", (nature protection) so before the subvention the price was incredibly cheep, because you had to renovate thouse older houses to the exact same style and those cost's are not possible for most of the home buyers.. .but since there is now the program of 110% (until now) this has changed. I follow this channel from Europe and have several friends in Italy who claim these programs (I think up to two homes per owner, is still or was possible.
Actually Marc Faber knows Exactly what he is talking about. The prices of many houses in smaller towns in Southern Italy are Unbelievably cheap and yet Very Nice, in great and beautiful locations. The Italian housing market has been 'managed' for a long time, thus avoiding these crazy bubbles that will burst beyond recognition, that so many countries are about to 'experience'. Housing prices are just starting to pick up in Italy(like this past month or two) and have a long, long, long way to go. As for Italy itself, the reason he said this, is he knows what I know, and that is that Italy is actually Rock Solid Financially. Every other country in the world would default before Italy. The media has been reporting nonsense. You have to do some digging to know why though. Remember when he said 'the American media is a liar'. Most media is, for very certain reasons. Do you think he gives this advice, or statement, thinking Italy is on the brink, or troubled financially? UH, NO. Believe the general MSM if you want, or believe Marc Faber's judgement. I mean he could have said any place in the Entire World. But that's what he said, and I Absolutely know why. Marc Faber really knows his stuff. He is grounded, intelligent, thinks for himself, and has Always been someone I look the most forward to hearing from. Moreso than anyone else. Highest Credibilty, in my humble judgement.
Good questions, and excellent commentary by the guest. My only point of disagreement regards pensions. In order to shore up retirement systems, the burden should not fall on those who have had their standard of living eviscerated over the past 40 years. In other words, there’s an inconsistency in acknowledging the economic and social dislocation caused by the “neoliberal” paradigm, and imposing austerity upon those who have taken it on the chin from said paradigm, despite increased longevity. The Rand Corporation estimates that there has been a $50 trillion wealth transfer from the bottom 90% to the top 1% since 1975. A recipe for social dysfunction.
Why do I picture the wealthion conference like that scene in the big short when Mark Baum and that squirmy Wall St guy are debating and the stock price of Bear Sterns is dropping like a stone and everyone runs out of the auditorium? Only this time it will probably be news of a different bank failing every few minutes.
I give Mr. Faber huge props for a call he made in his prior visit with you: he said, "Hong Kong is dirt cheap". Shortly thereafter, Hong Kong rallied 40%.
I think it's a stretch to say that Turkey functions perfectly well with 80% inflation when their GDP per capita is 1/8th of the United States' and has fallen 20% in the past decade.
Dear marc please consider that manual laboeres in china retire at 60. And that the reform in 1983 projected the increases in age that we have seen. As a nurse and a cpa i would be happy to work part time even now, but the working conditions are horrible. The management class has no clue as to how to treat us like human beings instead of debt slaves.
What about the banking industry plundering pension funds by falsely promising guaranteed returns on their investments and thereby totally undermining the whole pension system?
I love Marc but he has one thing very wrong. Americans didn't defeat the Germans. It was the country with bears. Americans came when the damage was already done to Germans. In Slovakia we have a national holiday and an enormous memorial for those soldiers fighting against the nah ts eez.
Marc made me a lot of money. 10years ago he said invest in hard assets. I did and boy , did it work out well. And now I am on 200 acres in Australia with a river.
WORRIED ABOUT THE MARKETS? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion's endorsed financial advisors at www.wealthion.com
Excellent title !
Will you use timestamps?
Rocking the system would be something along the line of enacting the corrupt and unconstitutional federal reserve act. Used to create money out of thin air (imaginary) and loan it to the government (unable to account for 21 TRILLION dollars between 1998 and 2015, 2.3 TRILLION on September 10th 2001) at interest which is paid for by the taxpayer (taxation without representation, future wealth theft). While it presently appears as though the world reserve currency has changed. Don't worry the entities that caused this problem have a solution you will be using soon.
My People the Australians were covertly exterminated after WW2 by the Britsht. And covertly replaced ,,,,,
😊😊😊😊😊😊😊
The situation we are in now is what they (literally the governments and his officials)have been planning all along. So improve ourselves 1% each day by doing what is necessary.
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what's the best way to take advantage of this bear market?
@@ebonicalbert5711 The SVB situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far," It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor
Let's embrace a transparent financial system(Bitcoin)that generate incomes.
@@smithwillison6345 I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@@williamadams2361 .I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging, who's the person guiding you?
“We are destroying ourselves “ i cannot think of a better phase to describe our situation.
Are “we” destroying ourselves? Or are we being destroyed by evil forces who are hell bent on controlling the world.
They want you dead. Do Not Comply.
Well, perhaps it is just the people we are voting for which are destroying us.
Marc is my favorite guest. Thanks Adam for bringing his insights!
speaking as a Canadian, i can tell you that this country is considered a rich country but in reality many of the people are poor and are one or two pay checks away from not being able to pay bills or for food.
Correct. There is no middle class. My husband and I are both college instructors and can't afford to upgrade our car. We are not lavish at all. We almost never eat out. We camp as vacation. We live in a 1200 square foot home in a well-below average housing market region. And we still find it difficult to live a modest, middle class, lifestyle. Very frustrating.
I just visited my sister in Canada today and you are so right. Just imagine what it's like in "non rich" countries.
Canada is completely finished...I wonder what comes next?
It's not all bad, your government thanks you all greatly for making a 'few people' incredibly wealthy though from buying all their 'neat stuff', that isn't needed really. Marketing, is the best way to put it, I guess. Don't worry though, you will have plenty of company in 'misery', like here in the U.S. and many, many other places. I like Canada, however, and have family there. Sorry for the Leftist governments their too. Hope you, and others, miraculously turn out just fine and dandy. Regards to you and Canada.
I'm not destroying myself or anyone else. I appreciate Mr. Faber because he applies sound reasoning to World events and History.
TY Mr. Faber.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
@@angelicaaquino4109 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
@@kenanporubsky2122 'Christine Jane Mclean’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@angelicaaquino4109 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
Everyone knew inflation was out of control last summer when Powell and Yellen kept saying, "inflation is transitory." Now Americans are suffering with serious inflation + a recession. Fed Rates are way too low still. Marc +++++ the best
The amazing thing to me is what I read in Signature Bank's latest earnings report on Jan 17th. Solid earnings over $4 a share. Well capitalized. Great ratios. No reason to think this bank could ever have an issue. SEIZED 7 weeks later. Stunning. This has to be the tip of the iceberg.
Striking. SVB looked solid too, very safe... on paper. The system itself isn't safe, however. The crooks made/changed the rules and it shouldn't be a surprise.
Love his willingness to speak frankly and in a direct way! .
Love Marc!!!!
He's spot on about a lot of things!
This guy has some WISDOM!!
Really loved listening to him
We need more old guys to pass on their wisdom to us!
Thank you Marc
Marc is a legendary investor, who knows history well. Very much looking forward to his views and Adams pertinent questions.
Thanks Marc Faber for telling it as it is.
Thanks Adam! You’re the man! 🇺🇸
You’re the only commentator that’s represents the little guy and asks the difficult questions. Really appreciate it. I would love to see you go on a mainstream channel and just rip them a new one. But they would never have that! Lol
One of my favorite guests. Thanks for having back on
Marc Faber is a well grounded guest. 'The American Media is a Liar'. He uses common sense. One of the good guys.
👍It is refreshing to hear a commentator who respects and understands the situation of what used to be called the 'working-class', e.g. roofers and truckers. 👍
And first responders.
@@marybusch6182 Am, well, we all appreciate first responders -- and many of them work hard. But the difference is they are usually employed by the state, protected by unions, celebrated by the media and don't suffer occupational physical-wear-out. So, no, not quite.
i'm old enough to remember roofers who spoke english. corporations can't export those jobs so they changed the rules and import the labor.... and the media says those are jobs Americans wont do. LIARS and whores.
@@jonathanlee5185 i am thinking of all the minimum wage employees at hospitals, car homes and nuseries who do not belong to unions and who after working 3 jobs die before they can even think of retiring. Who are treated as one step up from untouchables. You know that bottom 50%
Thank you , for having Marc on your show. He has a lot of experience and insight ! We appreciate this. Hope Marc returns soon ! He's such a pleasure to listen too !
could listen to him all day, what a legend!
One of my favorite guests… Always sage and timely advice, and wisdom.
Thanks for bringing in Mr. Mark.
He is a genius with great thinking power and great analysis.
Thank you Adam for everything you do for us.. it's a lot of knowledge, experiences and wisdom that you share!
What an awesome interview. Always love the opinions of Marc Faber. I don't always 100% agree, but he always gives you a new perspective that you have not thought about.
Perfect guest for current events! Thx Adam ✅
We can have dr Marc every week!
Bravo, Adam. Thank you for your dedication, persistence and caring about our world and economy, It is above and beyond what might be expected of an investment advisor. We are lucky to have your unrelenting reporting of what's possibly on the horizon and how to prepare just in case.
Adam, my gosh that lineup. You, sir, are the King. Going to see if I can make that work out for sure. . .
Thank you so much for this insight into Mark's thoughts. He really is a wonderful analyst of the world macroeconomic situation, and I do think everybody should heed his warnings. Thanks again for all your work for bringing us the insights of the world's economic thought leaders.
If the leaders can just change the rules and definitions on a whim to suit their needs, how can we have any confidence in the system anymore to keep playing?
that's the point: "no fairness - no motivation" ...
... over half of the living costs are capital costs today - why should those who do not benefit from this system's ruleset be motivated, if they have no chance of changing their status and those of their kids?
... more and more people are about to realize this - and here lies the danger for those who own.
In history, "war" was very often the answer to such a situation...
... mainstream-propaganda is not working the way it did before the internet came up - not enough jobs for keeping the potentially risky masses under control by letting them work ... and the same problem everywhere ...
==>> this is like Guttenberg's printing press (30 years of war) + Industrialization (WW1 + WW2) combined now ...
Dr.Marc Faber is living history, in my opinion, folks 😁
Fortunately, USA government employees receive full retirement at 55. Police and fire department can claim disability even earlier. Defer government pensions, then talk about social security.
Marc Faber, one of the great ones.
Great to have Marc Faber hope there were more inerviews with him
Doctor Doom is always a delight. Sophisticated. Witty. Honest. He is the best guest ever to appear on WEALTHION. Love your show Adam. Wouldn't have missed this episode for the world. Indeed. Exciting times beckon imminently.
Marc is such a legend. 💪🏼
I remember Faber saying, "Bernanke is a money printer." That was a while ago.😮
Mark Faber, a very wise man in the financial industry who offers plenty of wisdom whenever speaks!
The French would NOT like working in North America. We work 60 hrs, if we can, not 36hrs.
Best of luck to you on your big conference
Wealthion is a fabulous channel 👍🏾
Marc Faber wrote one of the absolute best books on investing and financial history, called “Tomorrow’s Gold”. This was over 20 years ago.
But then afterwards he turned into a permabear. So while I have enormous respect for him, if you had followed his advice these last twenty years, you would have missed a huge bull run.
Here, however, he’s not being a permabear. I think he’s being very reasonable and realistic.
"it's a cross between Santa Claus and a Bond villain." This is the most interesting combination I've ever heard. Thank you, Adam Taggart!
Come to italy be our guest Marco from Milano
Well done Marco. This guy gets it, doesn't he. Stammi bene, Milano e molto bella. Da un altro Marco.
That’s a good question, but the real question is, why is no one doing anything about it? Why did those in power allow it?
I just love this man. I'm so glad he has the freedom to speak as he pleases.
Dr. DOOOOOM! Nothing better than sitting back on my easy chair and listening to Dr. Marc Faber pontificate on geopolitics and investing
Awesome thanks Adam!
This is point of view refreshing to say the least. We have been subjected to political incompetence by those who’s only goal is to fester their own nests for quite some time now. Indeed there are still those that genuinely strive for success in all arenas that will benefit the good. Thank you for this assuring post and we look forward to many more.
Great stuff...thanks for sharing this
Marc Faber has been a prophet of the apocalypse for so long, he sounds as a broker record !!!
Thank you, Mr Fabar. You are always my hero. Now you look lke a Santa living not in North pole, but in Chiang Mai.
His laugh you nailed it! 18:00
Excellent discussion Gentlemen
So let me get this straight. You are taxed all your life and then they only want you to be able to take SS for one year. Isn’t our government so caring for the people. If the government would let you have your own money you would be rich.
Yes Adam.
Marc is like a grandpa that would sit me on his lap and tell stories.
Then give warnings of things that may be harmful.
One of a kind.
Brilliant analysis about the needs of different types of workers in the world. Of course physical trades wear out the body faster! I have never considered this fact and it makes perfect sense. Brilliant.
Marc Faber is the best.
Marc Faber's accent and tone makes him so fun to listen to....I find him so much more interesting now vs 20 plus yrs ago when he used to appear on CNBC....
Marc 'the Legend' Faber
Marc Faber has the best laugh ever!
Yes, a cross between Santa Claus and a James Bond film -- but the can of cockroach spray, there in his library, reminds us he too has his worries !
Reminds me of my rambling grandfather, never really answering the question
It doesn't matter the change in life expectancy social security should never have been implemented.
REST IN PEACE REALITY!
I gave a thumbs up just cause we still have an intelligent smoker around 🙂
Informative and entertaining
We need a repeat of French Revolution
Love this gentleman
Adam good luck for the Conference. I am in UK otherwise I would come. Will watch later
Love the channel, all the information and the interviews. That's said I find it ironic that the title is "we are destroying ourselves" as he smokes a cigarette lol
😂😂 "The laugh is a cross between Santa claus and a James bond villain "😂😂
Very good show, I About Italy, cheep housing... That has changed in Italy. Due to huge subsidies from the EC (EU) in to Italy...of 110% of the cost of a complete renovation, yes 110%... the price has skyrocketed in many areas. The cost of the renovation has also tripled in some parts, since everything has been paid for by the covernment in the last two years. I guess this was a program because of the covid incursion as well as to keep the Italien people calm. After all, there is a risk of a financial collapse if Italy decides to stop paying its debts. That would be a financial crisis in the Eurozone on an unbelievable scale, since France and Germany have very large financial guarantees in Italy. This could collapse the banks in Europe. That's why the EC in Brussels are throwing subsidies at Italian... Also, the laws of old houses are very strict in italy and many are under "monument protection", (nature protection) so before the subvention the price was incredibly cheep, because you had to renovate thouse older houses to the exact same style and those cost's are not possible for most of the home buyers.. .but since there is now the program of 110% (until now) this has changed. I follow this channel from Europe and have several friends in Italy who claim these programs (I think up to two homes per owner, is still or was possible.
Actually Marc Faber knows Exactly what he is talking about. The prices of many houses in smaller towns in Southern Italy are Unbelievably cheap and yet Very Nice, in great and beautiful locations. The Italian housing market has been 'managed' for a long time, thus avoiding these crazy bubbles that will burst beyond recognition, that so many countries are about to 'experience'. Housing prices are just starting to pick up in Italy(like this past month or two) and have a long, long, long way to go. As for Italy itself, the reason he said this, is he knows what I know, and that is that Italy is actually Rock Solid Financially. Every other country in the world would default before Italy. The media has been reporting nonsense. You have to do some digging to know why though. Remember when he said 'the American media is a liar'. Most media is, for very certain reasons. Do you think he gives this advice, or statement, thinking Italy is on the brink, or troubled financially? UH, NO. Believe the general MSM if you want, or believe Marc Faber's judgement. I mean he could have said any place in the Entire World. But that's what he said, and I Absolutely know why. Marc Faber really knows his stuff. He is grounded, intelligent, thinks for himself, and has Always been someone I look the most forward to hearing from. Moreso than anyone else. Highest Credibilty, in my humble judgement.
“If you are manually halfway normal” 😂 so good. Love this guy.
high inflation, extremely high interest rates; high crime, high level of poverty; sounds like the next Argentina
Thank you Adam.
Good questions, and excellent commentary by the guest. My only point of disagreement regards pensions. In order to shore up retirement systems, the burden should not fall on those who have had their standard of living eviscerated over the past 40 years. In other words, there’s an inconsistency in acknowledging the economic and social dislocation caused by the
“neoliberal” paradigm, and imposing austerity upon those who have taken it on the chin from said paradigm, despite increased longevity. The Rand Corporation estimates that there has been a $50 trillion wealth transfer from the bottom 90% to the top 1% since 1975. A recipe for social dysfunction.
Thank you. If we restore the eisenhower tax rates and make irs infomation public, we can have a real basis for determining fair shares.
1st Class Public Educator
Would love to see the recordings from the conference available here after the conference.
Why do I picture the wealthion conference like that scene in the big short when Mark Baum and that squirmy Wall St guy are debating and the stock price of Bear Sterns is dropping like a stone and everyone runs out of the auditorium? Only this time it will probably be news of a different bank failing every few minutes.
Got to love Marc.
Thank you very much...
Hi Adam,
Could you please let us know your promo code for your conference?
Many thanks, xx
Marc Faber is a living legend.
I give Mr. Faber huge props for a call he made in his prior visit with you: he said, "Hong Kong is dirt cheap". Shortly thereafter, Hong Kong rallied 40%.
I think it's a stretch to say that Turkey functions perfectly well with 80% inflation when their GDP per capita is 1/8th of the United States' and has fallen 20% in the past decade.
We all love Marc! Can listen to his wisdom endlessly.
Wise words . We can approach Doomsday with laughter listen to Dr Faber .
Wealthion 🥇
Sound info from Mr Faber.
Dear marc please consider that manual laboeres in china retire at 60. And that the reform in 1983 projected the increases in age that we have seen.
As a nurse and a cpa i would be happy to work part time even now, but the working conditions are horrible. The management class has no clue as to how to treat us like human beings instead of debt slaves.
Thanks mate
What about the banking industry plundering pension funds by falsely promising guaranteed returns on their investments and thereby totally undermining the whole pension system?
I love Marc but he has one thing very wrong. Americans didn't defeat the Germans. It was the country with bears. Americans came when the damage was already done to Germans. In Slovakia we have a national holiday and an enormous memorial for those soldiers fighting against the nah ts eez.
One of the wisest men on the planet!
thank you
Yes!!! Marc Faber :)
Marc made me a lot of money. 10years ago he said invest in hard assets. I did and boy , did it work out well. And now I am on 200 acres in Australia with a river.
Thank you 🙏
Santa Claus and a James Bond villain! Great description of Marc Faber's laugh. Thanks for another great segment, Adam and Wealthion. Cheers.
Thanks Adam. Having you considered getting Richard D Wolff on the show??
If you read between the lines you know that is related to other subjects too.