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Marc Faber on the coming gold standard and higher oil prices
Posted on 08 February 2010 with no comments from readers
Posted on 08 February 2010
Categories: Banking & Finance, Bond Markets, Global Economics, Gold & Silver, Hedge Funds, Investment Gurus, Oil & Gas, US Dollar, US Stocks, Video Channel

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Pro-Chinese Communist rhetoric on the Pravda of satellite TV networks. Same RT which recently aired claims by Hugo Chavez that the U.S. caused the Haiti earthquake with an underground nuke.
Mr. Faber should remember that he is judged by the company he keeps.
The only thing he is correct about is that oil will become much more expensive over time. As far as a gold standard, you can forget about it. It won’t happen. The dollar has actually INCREASED in value against a basket of major currencies during the last 50 years. Gold could be selling for $900 an ounce in a year. The US dollar will be the reserve currency for the next 20 years, maybe 40.
Oh, by the way, this Russian channel interviews people who claim that the US Government was responsible for the 9/11 attacks in the USA. Sure, crackpots. Whenever such nonsense appears, I always ask them where they find such nuts.
The Russians should concentrate on trying to murder fewer journalists investigating the pervasive corruption in Russian society.
If we do a serious study of world history, we learn that there are a specific set of “reasons” why countries would be willing to go to war.
As an American, I am ashamed of the actions of the US government; but as Americans, we are powerless to stop our governments’ actions, whether financial or military, or both. Even if the political party currently in power within the US is ousted (i.e. Democrats lose control of both the House and the Senate), the situation remains the same.
So I believe there is much merit to Dr. Faber’s comments, including his comments about an escalation of war in the world.