"This Bubble Will Burst" - Marc Faber

[@steveg4334]

Only labelled negative by the talking heads that promote the market, no matter what. Mostly paid for misleading others to gamble when they should hold. Wouldn't put Marc in the same pool as Buffet, who shows it's easy to be contrarian, when you have so much inside info. He's a great character, and always worth listening to. Unlike anyone in MSM or the gov't. Thank for posting.

[@dant3232]

Dr doom is almost always right

[@mccannger]

"Diversify before you need to" is wisdom that may serve folks well. Thanks for an interesting video.

[@marcmcreynolds2827]

"the cycles it has gone through for a couple of hundred years" When I look at USA equity price movement over the last few hundred years, I see secular bull markets consistently lasting for right around twenty years, from the mid-1800s on. ~1980-2000 was the penultimate, with the current one 2009-????. This has been the case through world wars, civil war, recessions, depressions, government shutdowns... it's been a robust reality. One nice thing about it is you can pretty much ignore all the noise from people talking about GDP or inflation or all the other minutia of the moment. I've read Barron's going back to the early 1960s (on microfilm at a university library), familiarizing myself with what people are saying near market tops and bottoms. It's only a few years (if that) after the beginning of a secular bull market that prognosticators start warning about a top being just around the corner... and then their followers miss out on the last 1000%. A 20% drop (so-called bear market) isn't anything to get excited about in the midst of that sort of overall increase. Just got to "they expect 15% (real returns) ... completely unrealistic!" Actually, that's the typical annualized real return for a secular bull market (more like 16% averaged over centuries). If you had asked me in the mid-2000s what real returns would be in the 2015 time period, I would have replied "around 15%" without hesitation. Not because it had to happen, but simply that if it didn't happen it would be going against nearly two centuries of history. "the Fed is all about protecting their friends on Wall St" Huh? Keeping interest rates high hurt equities, and one bond trader after another has been badly burned from not believing the Fed when they said rates were going to stay elevated.

[@scottray9021]

Ben, Your comments are spot on, of course anyone with a smidgen of knowledge can see how most nations are becoming more authoritarian.

[@perfectscotty]

Thanks for the video Ben, Hope you and the pups are doing well.

[@roadruckd]

LOVED this one. I feel like we all "know" we are poorer than our parents but these clips put some perspective around that.

[@BatmanBoss]

Thanks

[@caldud2]

If the dog identifies as a Venezuelan person then he can come in as a refuge without documentation.

[@RWROW]

I brought a dog we'd aquired in Australia back into the U.S. in 1990 after spending a couple of years in Australia. The Australian government insisted we have him inspected by a vet before leaving there and I therefore had his health report with me. Admittedly Australia is rabies-free but I was surprised that the U.S. officials on entry here weren't the least bit interested in the dog or his health report. I wonder what the procedure is now.

[@alexmarshall8894]

This is what I’ve thought for a long time. This would explain the low consumer sentiment.

[@scottray9021]

He may be a contrarian but everything he said is factual

[@patienceobongo]

Good.

[@jacksats6991]

A lot of people nowadays are traveling with their dogs as support animals which is a very easy permit to get and I think the dog travels free “ not sure on that point” , I’m wondering if this is some kind of push back against this as I think the airlines were complaining about this increase in support animal travel .

[@sebastienloyer9471]

The bubble has burst. : Rectification.

[@BatmanBoss]

Unbelievable government overreach on dogs wtf

[@marcmcreynolds2827]

A perspective on the dog thing: Not an expert, but it sounds a lot like Australia and various other places. Our little Mochi can't freely travel the world without paperwork roughly equal to her weight (so she doesn't). But mostly I smiled at the Canadian official complaining about the USA, given that a friend of mine with dual citizenship who runs the operations of a major Canadian railroad was denied entrance back into Canada for something over a year, even when cases were much higher there (he could have "diluted" things! ;) He had to try running everything as best he could from a keyboard, for a considerable number of months. So the rest of us could learn a few lessons in questionable strictness from those off-put Canadians.

[@robertsmuggles6871]

One way a ruling class can thrive is to devalue what others have. For example; devaluing paid work and cash savings in relation to house price - using inflation and low interest rates. To enrich speculators, landlords and the political class . Workers and savers sacrificed. Of course, the road to monetary feudalism is paved with good intentions.

[@wilddog7749]

He has Chairman Mao on his desk…

[@Reppondinvestments]

I saw that too. Having listened to Faber for many years, he seems like a solid, true blue capitalist. He certainly talks like one and works in the capital markets. I do not understand the thing with Mao either.

[@markmaiolo8387]

Maybe these dog tracking and rfid chips is to get a system in place. It might be a learning tool in putting the microchips and systems in place in preparation to later roll it over to humans.😮

[@kws1111]

If you don't want to do the paperwork for your dog you could fly to Mexico and bring it into the US with all the other "border crossers"

[@sebastienloyer9471]

😂