Marc Faber Gloom Boom & Doom Report

Faber was born in Zürich and schooled in Geneva, Switzerland, where he raced for the Swiss National Ski Team. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. degree in Economics magna cum laude. Faber is best known for the Gloom Boom & Doom Report newsletter and its related web site featuring "Dance of Death" paintings created by Kaspar Meglinger.  From "wikipedia.org/wiki/Marc_Faber"

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Subject:	Marc Faber: "Sometimes I don't Understand Markets…"
Date:	Tue, 2 Aug 2011 05:33:00 -0700
From:	Jas Jain

Marc Faber: "Sometimes I don't Understand Markets…"

When asked about the US Treasury market on Bloomberg-Asia and the 10-Year yield below 2.75%. Now, why do you have to lie, Dr. Faber, since you have been wrong on the UST market for at least 8 years? If you had any shame you would apologize and let everyone know that you simply don't understand how the US Treasury market functions and what are the fundamental factors that drive it. Eight years of being dead wrong on something should be enough clue, no? Your assertion that US govt and the private sector, e.g., households, would inflate away their debt problem has proven to be a lie, thus far, no?

How many economists understand debt, Dr. Faber? Because of the debt burden, the US economy would be forced to deflate! In the future, when the Greater Depression is in full swing, those who are poor and get sick would be forced to suffer unless real charity helps them because govt would be forced to cut back on all kinds of welfare including sickness care. Maybe, the US would have a Nazi-like regime that would have no use for the old and the sick. One way or another the American society would be transformed into something very different than it has been since the WW II. Misery would become necessary to detoxify dopey minds about issues of taxation and welfare.

Watch whom you listen to and whom you can trust. Listening to Faber and Schiff on the US dollar and Treasuries would prove to be a big mistake.

Jas

Kirk's Two Investment Letters

Paul Robin Krugman

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Subject:	Bloomberg: "Krugman is the most extreme [on the left]; he is way out there."
Date:	Mon, 1 Aug 2011 17:00:41 -0700
From:	Jas Jain

Bloomberg: "Krugman is the most extreme [on the left]; he is way out there."

This according to co-host of one of the programs on Bloomberg TV, Matt Miller. Krooksman, like his mentor at Princeton, Ben Bernanke, plays his role to serve the Crooks by the simplest device of pushing debt and ideas for manipulating the economy. Evil exists in many forms at different times and in the present-day America it has taken the form of debt pushers and financiers manipulators. Beware of Crooks' agents bearing gifts (peddling solutions to economic problems). Krooksman got the Nobel Prize for the same reason that Obama did—to better serve the interests of the Crooks.

How did Americans get talked into supporting govt constantly manipulating the economy via changing rules, including taxes? That is why breeding dopes (brainwashing from birth onwards) had to precede the takeover of the economy and the govt by Crooks and installing the System of the Crooks. The dirty deed was done a long time ago. Now, Americans have no other choice but to deal with the consequences. Extreme or not, Krooksman is making a very good living. System of the Crooks attracts many smart people—the best minds that money can buy! America is full of whores in economics as well as in politics.

Jas