Marc Faber Is “Highly Confident” the Future Will Be Very Bleak
- Marc Faber, Dr Doom, explains what is about to happen to the economy. Economic depression will eventually lead to war! TechTicker reports:
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,” Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.
A statement like that pretty much speaks for itself, but it’s a bit more complicated than appears on first blush. Faber has been bullish — especially on commodities and emerging market stocks — for some time now and believes the current global recovery trade will last another two-to-three years, as discussed in more detail in a forthcoming clip. But he has major long-term concerns about the dollar’s long-term viability given rising U.S. deficits, massive unfunded mandates and the fact “we have a money-printer at the Fed.”
This combination will eventually lead to runaway inflation, wholesale debasement of the dollar, and a major lowering of living standards for most Americans and many Europeans as well, says Faber, who is “highly confident” in this grim prediction.
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Gold, The Most Important Chart You Will See!
Gold Against Long Bond
- This is an interesting technical analysis that looks at gold price with regard to 30 year US treasury bond price. It lists also the 10 fundamental reasons why gold is going higher to support the technical analysis. Peter Degraaf opines :
A chart is like a photograph. It locks in ‘the activity’ right up to the last moment. A chart is a reflection of the actions of multiple humans interacting in the marketplace. Since humans tend to act in ‘herd-like’ manner, reacting to the news they hear, read and see, a chart has a certain amount of predictive energy while it reflects the past.
…..
The first chart in this essay (top chart) compares the price of gold to the price of the 30 year bond, (often referred to as the ‘long bond)’. People who buy long bonds are not worried about price inflation. They are laboring under the influence of the ‘deflationists’. They see prices falling in sectors like the housing market and extrapolate that trend into other sectors, while forgetting that the reason prices in the housing sector are falling is because they had risen too high, due to the ‘easy money’ policy of the US Federal Reserve under Mr. Greenspan. Prices in the food and energy sectors are not falling. They are at best holding steady. Deflationists expect falling prices everywhere. If they were right, then this next chart would not be the most important chart you’ll see all day!
Featured is the index that compares the performance of gold to the performance of the long bond price. For the past two years there has been a struggle between two trends: Gold versus Bonds – Inflation versus Deflation. The chart pattern is a bullish ‘reverse Head and Shoulders’ pattern. A breakout at the blue arrow sets up a target at 1150. This breakout may not happen today, but it could, and it appears ready to do so soon!
On September 22nd price closed at 8.51. This was the highest closing price since the gold bull market began in 2001. The RSI and MACD (supporting indicators) are positive (green lines). The 50DMA is in positive alignment to the 200DMA (green arrows). The last time the ‘50’ rose above the ‘200’ was in early 2007. The index subsequently rose for a whole year, from 5.75 to 8.50. The implications of a bullish trend in the above chart are positive for gold on two levels. Fundamentally it causes investors to sell their bonds to buy gold, and technically, as the trend in this chart rises, so does the trend in the price of gold itself – see next chart and compare (bottom chart).
Featured is the gold price chart that covers the same time span as the first chart we examined. Notice the similarities. Notice a price that is ‘itching’ to break out at the blue arrow. The gold price has now closed at or above the magic ‘1000’ level for the past eight trading days. The supporting indicators are positive. The 50DMA is in positive alignment to the 200DMA and both are rising strongly! The last time the ‘50’ turned positive to the ‘200’ was in early 2007. Gold subsequently rose up from 600 to 1025. The likelihood of an upside breakout in the first chart (the most important chart you’ll see today) is very real. Once it breaks out above the blue arrow, the target is 1150. This translates into a gold price of $1,500.00! The expected date for that target, once the breakout occurs, is 12 – 13 months hence – October-November 2010.
“History does not always repeat – but it often rhymes.” – Mark Twain.
Here are some fundamental reasons why this target is realistic:
1. Once the $1,000.00 level for gold in US dollars is history, there are no more barriers to the price.
2. The massive currency degradation occurring on a worldwide scale is unprecedented in history.
3. Central banks that formerly ‘capped’ the gold price by dumping gold have stopped selling, and some have turned to buying: The Russian Central Bank is reported to have purchased 300,000 ounces in August. The Chinese Central Bank has expressed an interest in buying the entire 403 tonnes of IMF gold that is up for sale. The Chinese bankers have indicated that they will buy gold ‘during any dips in price.’ Much of the gold on the books of some Central Banks has been leased out. It no longer exists except on the books at those banks. The gold at Fort Knox has not been audited since 1953! The threat of IMF gold coming on-stream caused barely a ripple in the gold price last week!
4. The Chinese government is encouraging its citizens to buy gold. This is a total reversal of the policy that formerly forbade its citizens to own gold. This policy is extremely bullish for gold, as an increasing number of Chinese banks and coin stores will be stocking up in order to have inventory. This inventory takes supply away from the market since it is replaced as soon as it is sold to retail customers.
5. The Chinese government is expressing its dissatisfaction with the US administration for causing the US dollar to drop due to the loose US monetary policy, and for imposing a 25% tariff on Chinese tires. This anger on the part of Chinese officials will translate into increased dumping of US Treasury bills and bonds and converting the proceeds into ‘real stuff’, such as gold and commodities.
6. The huge ‘net short’ position accumulated by the commercial traders and the 2 or 3 US bullion banks will have to be covered. The vast majority of these contracts are now showing a loss and margin calls are mounting.
7. Once the gold price is firmly established above the 1000 level, the hedge funds that own most of the ‘net long’ positions on the Comex will likely add to their positions, using some of the margin money they have accumulated on the way up. This will put further pressure on the 2 – 3 bullion banks to ‘cut bait.’ At the moment the hedge funds have these banks over a barrel.
8. More and more investors are becoming aware of the fact that the GLD and SLV gold and silver ETFs probably do not have as much gold and silver backing them as they should have. There are no regular independent audits conducted on these two ETFs. The next chart in this essay supports this observation. This will cause investors to abandon those ETFs and opt for physical gold.
9. Monetary inflation continues worldwide at double digit levels. Meanwhile the gold supply is limited to an annual increase of about 1.5%. ‘More money chasing fewer goods’ invariably causes those goods to rise in price.
10. Gold mines are a ‘depleting assets’. Each mine has a predictable mine life. Unless new deposits are found, every gold mine eventually faces extinction. According to mining experts, new deposits are not keeping up with the current rates of mine depletion. Production in South Africa has been steadily declining. Environmental concerns in many countries make the production of a gold mine expensive and very time consuming.
Massive Reverse Head & Shoulder Pattern! Neckline at US$1000/ounce has been breached!
Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.
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Baking Soda Found To Help People with Chronic Kidney Disease
- Sodium BiCarbonate (or Baking Soda as it is more commonly known) appears to be a simple and effective solution to kidney problems. Some people are of the opinion that when your body becomes acidic it can lead to a host of diseases. Chief amongst which is cancer. So diets that make the body alkaline in nature are recommended. The idea being that the body needs to bring its pH to the correct level. When that happens the body will be able to heal itself. Some like Dr Simoncini (www.cancerfungus.com) recommends Sodium BiCarbonate as a solution to cancer. NatureNews.com reports :
Chronic kidney disease (CKD) is a serious condition marked by the permanent loss of kidney function. When the kidneys are damaged, the organs can’t remove wastes and extra water from the blood as well as they should and the result can be a host of serious and even deadly health consequences. But now researchers in the United Kingdom have made a breakthrough in the treatment of advanced CKD — and it doesn’t involve a new drug or high tech surgery. Instead, it’s simply a daily dose of sodium bicarbonate or, as it is more commonly called, baking soda.
Used for everything from baking cookies and non-toxic cleaning to relieving indigestion and sunburn, now baking soda has been shown to slow the decline of kidney function in CKD, according to a study set for publication in the Journal of the American Society of Nephrology (JASN). “This cheap and simple strategy also improves patients’ nutritional status, and has the potential of translating into significant economic, quality of life, and clinical outcome benefits,” researcher Magdi Yaqoob, MD, of the Royal London Hospital, said in a statement to the media.
This is an enormously important finding because CKD is a growing health problem, both in the UK and the US. According to the National Institutes of Health (NIH), between1990 and 2000, the number of people with kidney failure requiring dialysis or transplantation in the US virtually doubled to 380,000. If this trend continues, around 700,000 people will have serious kidney failure by 2010. Dr. Yaqoob studied 134 patients with advanced CKD and low bicarbonate levels, a condition known as metabolic acidosis. One group of these patients was treated with a small daily dose of sodium bicarbonate in tablet form, in addition to their usual care. The results? The rate of decline in kidney function was dramatically reduced in these patients. Overall, the decline was about two-thirds slower than in patients not given sodium bicarbonate.
“In fact, in patients taking sodium bicarbonate, the rate of decline in kidney function was similar to the normal age-related decline,”Dr. Yaqoob stated.
The patients taking sodium bicarbonate were also less likely to develop end-stage renal disease(ESRD) which causes people with CKD to undergo regular dialysis. In addition, those taking sodium bicarbonate also had improvement in several measures of nutrition. And, even though their levels of sodium went up, they did not experience increased blood pressure.
Low bicarbonate levels are common in patients with CKD and can lead to a wide range of other problems. “This is the first randomized controlled study of its kind,” says Yaqoob. “A simple remedy like sodium bicarbonate (baking soda), when used appropriately, can be very effective.”
The NIH estimates that 20 million Americans have significantly reduced kidney function, and even a small decline in kidney function can double a person’s risk of developing cardiovascular disease. Many people will experience heart attacks or strokes before they are even aware they have kidney disease. Fortunately, there are many natural strategies that can help prevent, fight and heal kidney disease (http://www.healingfoodreference.com…). For example, avoiding soda pop can lower the odds of developing CKD in the first place (http://www.naturalnews.com/025582_s…). And, as reported earlier in NaturalNews, eating fish a couple of times a week has been shown to help prevent kidney disease in diabetics(http://www.naturalnews.com/News_000…).
- See also :
Journal of the American Society of Nephrology: Baking Soda ‘Could Help Kidneys’
Baking Soda Prevents Kidney Disease, Renal Failure and Kidney Dialysis
Cancer is a Fungus! The Sodium BiCarbonate Solution!
Why Injecting Oxygen Into Tumours ‘Can Kill Cancer’
Vitamin D The ‘Wonder Drug’, Sunlight and Skin Cancer
Hoxsey Cancer Cure?
The Science and Politics of Cancer
Vitamin B17 Cancer Treatment ?
Promising Cancer Cure – DCA !
Vaccination – The Hidden Truth
Medical Cartel & Cancer
The Science and Politics of Cancer
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Len Horowitz Files Pandemic Charges Against Rockefeller
Part 4 , Part 5 , Part 6 , Part 7 , Part 8
- Truth or lies? Draw your own conclusions! TheFluCase.com reports :
Drug-industry investigators have uncovered documents exposing an international drug ring, operating from New York City, is behind the H1N1 swine flu fright and vaccination preparations.
Dr. Leonard G. Horowitz and Sherri Kane, an investigative journalist, have released evidence in legal affidavits that leaders of a private global biotechnology “trust” are behind the pandemic flu, including its origin and alleged prevention via vaccinations. Their documents, being sent by attorneys to the FBI this week, evidence industrialists are operating a crime ring within the “Partnership for New York City” (PNYC), and are behind the pandemic’s creation, media persuasions, vaccination preparations, and health official promotions.
“David Rockefeller’s trust, that engages several powerful partners on Wall Street, including media moguls Ruppert Murdock, Morton Zuckerman, Thomas Glocer, and former Chairman of the Board of Directors of the Federal Reserve Bank of New York, Jerry Speyer, are implicated in advancing global genocide,” Dr. Horowitz wrote to FBI directors.
“This ‘partnership’ controls biotechnology research and development globally. Health commerce internationally is also controlled virtually entirely by this trust that also exercises near complete control over mainstream media to promote/propagandize its products and services for the drug cartel’s organized crime. This trust, in essence, makes or breaks medical and natural healing markets, primarily through the mass media companies and propaganda it wields for social engineering and market building,” Dr. Horowitz wrote.
Among the revelations from the Horowitz-Kane research are those linking Larry Silverstein of Silverstein Properties, Inc., and the 9-11 terrorist attacks, to the drug cartel’s geopolitical, economic, and population reduction activities. Mr. Silverstein, leaser of the World Trade Center who authorized to have Building-7 “pulled” [detonated] is a chief suspect in the “9-11 truth” investigation. Silverstein is currently landlord and co-partner in the biotechnology trust founded by David Rockefeller and implicated by these new discoveries.
Given the unprecedented nature and urgency of these findings, Dr. Horowitz has posted his affidavit for public review on FLUscam.com, hoping wide spread dissemination will prompt governments worldwide to cease mass vaccination preparations to avoid becoming accessories.
“The last time I contacted the FBI I warned them about the impending anthrax attacks one week before the first mailings were announced in the press,” Dr. Horowitz recalled. “It took them 6 months to respond. When they did, they made me a suspect in the mailings. This time I am warning the Justice Department a month before the deadliest genocide in history. I’m praying they’ll take kindly to my appeal for a PNYC investigation, and Court-ordered injunction, to stop the vaccinations for public protection
- See also :
Canadian Doctor: H1N1 Vaccination a Eugenics Weapon for Mass Extermination
Depopulation Via Vaccination and Sterilization?
The Ruling Elite’s Agenda for Global Population Reduction!
FlashBack: UNICEF Nigerian Polio Vaccine Contaminated with Sterilizing Agents Scientist Finds
Dr. Russell Blaylock: What To Do If Force Vaccinated !
1976 Swine Flu Vaccination Propaganda and The Side Effects
Dr. Russell Blaylock on 1976 Swine Flu and Current Outbreak
Dr. Russell Blaylock: Vaccine May Be More Dangerous Than Swine Flu
Ron Paul: Be Careful of the Rush into the Swine Flu Vaccine. 1976 Swine Flu Vaccine Killed People!
Swine Flu Jab Link to Killer Nerve Disease: Leaked Letter Reveals Concern of Neurologists over 25 Deaths in America.
WHO Admits to Releasing Pandemic Virus into Population via ‘Mock-Up’ Vaccines
Plans for Mass Graves Confirmed: Government Surveying Cemetery Readiness for Flu Outbreak
Military Industrial Complex Prepares Mass Graves for US Citizens?
Alex Jones: Flu Pandemic-Mass Graves and Martial Law!
Swine Flu Pandemic 2009: Genocide and Depopulation?
Obama’s Mad Science Advisor Calls For Forced Eugenics Program?
The 1918 Spanish Influenza Epidemic Was Caused By Vaccinations!
[1957 CLASSIC] THE POISONED NEEDLE by Eleanor McBean
[1957] The Hidden Dangers In Polio Vaccine (Chapter 10 of Poisoned Needle) by Eleanor McBean
Swine Flu Jab Link to Killer Nerve Disease: Leaked Letter Reveals Concern of Neurologists over 25 Deaths in America.
Swine Flu Pandemic 2009: Genocide and Depopulation?
Squalene: The Swine Flu Vaccine’s Dirty Little Secret Exposed
Do Drug Companies Secretly Favor a World Flu Pandemic?
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
