Marc is great. I live in another part of Thailand, but I really hope I may bump in to him one day, 555. I'd buy him a beer or two just to talk to him for 5 min. He sure has lived a life.
Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.
you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
@@stevenbergwin5074 Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
@@veniceblackwood2931 You are right! I diversified my $500K portfolio across various market with the guidance of an investment coach, I have been able to generate a little bit above $1m in net profit across high dividend yield stocks, ETF and equity during this red season in the market But the truth is that you cannot do that without a tested trading strategy
@brettatkinson5528 I am being guided by "Corinne Cecilia Heaney" who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
WOW, Dr. Faber is just such a deep well of knowledge and lived (life) experience. What a fantastic "get" for an interview, great job PFI! Cannot agree with him more about the current ECB president Lagarde.
Marc Faber is One of the VERY FEW True (western) experts on Asia. He lived here in HK and elsewhere, and knows the scene VERY well. He is a (necessary) counter weight to the total BS put out by Western media on China and much of Asia (all controlled by corporate media barons like Murdoch et al.) Love his book collection!! Priceless! 💯🎯🌎📸 🧮⚖️📚📖
I stumbled onto Dr. Faber, too. Really like him. I did study economics, and he's like a cool granddad that gives you the "knock it off" talk. If you're interested in more econ via YT university, Gerald Celente is great for macro trends, and Lynette Zang with ITM Trading is great for connecting macro and the news to how it affects you personally. I also watch Gregory Mannerino for the laughs - he's hilarious, like your older brother trying to get you to do better and reminds you of the goal. Last, if you like rap battles, there are a great series of economics videos, called "Fear the Boom and Bust," and "Battle of the Century," contrasting Hayak and Keynes. Apologies for the book from a stranger. I enjoy economics, and it is really fun if you get the right intro. I plan to follow Dr. Faber some more, he's fascinating.
The majority of people using these strategies are making significant profits; yes, the risks are larger, but isn't the ongoing business sector equally risky? From what I can discern, the go-to strategy for navigating this downturn and high expansion is momentary trading rather than long-term trading.
@Lloyd Bernard Since the outbreak of 2020, which significantly affected the market, I've been consulting an investment coach before making any investment decisions because their entire philosophy is built around employing a high-profit orientated plan while simultaneously trading long and short, as well as decreasing risk exposure as a hedge against inevitable downtrends. When coupled with their access to odd data and analysis, underperformance is virtually impossible.
@@Curbalnk I suppose that explains why, according to investopedia, the demand for investment experts has increased by over 41.8% since the epidemic. No matter what, kindly give the advisor who helped you a recommendation.
@@glenbert1396 I wholeheartedly recommend ''JILL MARIE CAROLL'', an investment advisor registered with the US Securities and Exchange Commission. She has been assisting me with my portfolio for some time. She has a lot of popularity; you may search her up online.
@@louisairvin3052 I discovered Jill marie caroll's website after carefully searching for her online and reading gushing testimonials about her professional experience. Thanks
I love all of Marc’s literary references. I’ve actually begun to read books simply because they were recommended by him, and it’s really opened and expanded my mind.
I too, like listening to Marc. But a big difference between now and 1970s. Sacked 9 Trillion in dept. When the dept bubble implodes the whole house is coming down. (insert Marc's laugh here) LOL.
My uncle here in the U.S put in $100k with Mrs Annette September and he is seeing half a million dollars as for now, I'm relieved he is humble so I don’t have to worry about his decisions
Amusing. Trying to keep an experienced, older, worldly wise man tied into a directed line of questioning is like trying to herd cats. However, being aware of historical trends and political actions, while demoralizing in observing what is more likely than not going to happen, does provide opportunities to not get overly blind sided by those trends and actions. That is more important than picking the right stock. To quote C.S. Lewis (paraphrased): “when one becomes lost, the wiser course of action is not to blindly keep heading forward (which might not actually be) but retracing one’s path to where one left the path and got lost” Blindly Buying stocks or Bonds hoping those purchases will open the path to financial nirvana without considering trends and actions of governments which house those stocks and Bonds is not investing, it’s speculating. At present, my opinion is to stand still, examine the path forward, perhaps going back to a more sure solid path, then when the true direction has been determined, then begins again to go forward.
In one generation my family went from dire poverty in Eastern Europe to not only a decent standard of living but a thriving life in North America. My grandparents refused to join the communist party so lost their land and became outcasts. They escaped to the West and now all of their grandchildren are either well educated professionals or successful entrepreneurs! I thank my grandparents❤for their strength, fortitude, resilience, wisdom, persistence but most of all their love !🥰
Fantastic interview. Pure authentic knowledge and wisdom from an old and intelligent man with an well equipped library. He is my role model for becoming an old man myself. Respect and thank you for your calm and soothing style interviewing this intere sting man.
All the heads of the G7 followed the US Central Bank talking point that inflation was transitory (until it wasn't). Historically, the US Federal Reserve has been directly responsible for the 1929 Crash, the run away inflation of the early 70's, 80's, the financial collapse of 2007/2008 and the current inflationary environment.
The Fed playing with interest rates in the 70s is different from today. Demographically, we are shrinking. The boomers are retiring in the next year or two and taking their money with them. The millennials is a much smaller group. They will not be buying as many homes cars etc. the demand that drove our economy the last half century will be missing.
@@cristianion2056 the US, which is the best country demographically in the West, has 300k vacant jobs a year that won't be filled, where that number peaks to 900k by 2034. And that's the best scenario. If you think immigration will fix any of that, the numbers have never increased since 2016, and are dropping, but retrospectively, it's actually worse than 1940s for the new generations to get the independence. That is in the US alone.
so my portfolio is already 40% gold, but i have cash left should do i buy more gold under US$1900 just go all in gold NOW or should i wait for a crash in gold and buy if it drops to US$1600 again? should i keep it in cash losing value to inflation? should i buy high yield stocks now?
As always, thanks to Marc for the great insights, and also to Prague Finance Institute, much appreciated! On the future domain global currency potential and diversifications 2023 and beyond due to sustain higher inflation and monetary debasements (money printings), would Bitcoin and Ethereum be part of the diversification options since the former is not controlled by central banks and the latter's growing real world utilities?
I attended a seminar of Marc's in Sydney Australia around 1998, that's 25 years ago. He predicted so many things and got it right. Eg: the tech crash in 2000 and the China boom.
This guy has been on some Legacy Media outlets in America, but they didn't want him around anymore because of his moniker Dr. DOOM. And, obviously the Legacy Media wouldn't want anybody around that has world experience, makes reference to History, and reads actual books.
Faber has never been any good at tech stocks. The best I can is that he never understood them so made no recommendations.I once went back on ten years of his monthly newsletter to track performance of his tips. They were average at best.
Love Marc but I've always wondered about the dichotomy of him talking about Free Markets raising living standard while having Mao and Lenin statues on his shelves.
If you want your 2023 to be better. Now is the best time to set some funds aside and invest it. It will help you creat a passive income and save you from the unexpected. Started my investment journey since 2014 and God has really blessed my with good returns.
I’m really so interested in starting something for myself but the problem has always been not knowing where to start. What kind of investment would you advise? And what is the best way to follow it?
@@francisvelazco7501 I'm a single mother living in CA. Been working so hard so I can retire at 50 if things keep going well for me. Bought my first condo this month and I can't be more proud than I am right now. I'm so glad I made good decisions about my finances that changed me forever.
@@arabellamuller2461 Wow God bless you more and more, it's never easy to be a single mother and still beating the odds, I'm a victim so I know how it works ..
@@francisvelazco7501 There are different kinds of investment you can try and as well get good returns on your capitals. I focus more on cryptos, NFTs, real estate crowing and IDOs. With the assistance of a financial consultant, I’m doing well for myself.
Can someone please clarify the name Marc mentions at 9:50? The economist? Maybe it's Sean Baker or Peter or something like that. Thanks......still looking for this, but I did find on the net an article entitled "The best books on Investment recommended by Marc Faber" so if you do a search you will find his referral to great books on this topic. Still looking, though, for the guy he mentions at 9:50.
@@JT-tr5cz Thank you so much! He pronounced it so well, now that I see what the name is. "I" assumed it was two names...many thanks! I like this guy. He really nails it.
I highly recommend watching Clint Richardson's Wagging The Dog documentary. Again, if there's is one thing you can learn from history is that people never learned anything.
The Semis are the ones that have made the biggest gains in the last 3 months, not a very good prediction. But Gold will probably do quiet well in the coming year.
We are down 20 percent on the year and everybody supposedly knows a harsh downturn will come. Let’s me lean the contrarian even though conditions are deflationary at best on paper
I just love his cynical laughter. Probably because I've also come to the same attitude after coming to terms with my absolute powerlessness to influence the incoming biblical economic shit storm in any way, shape or form.
Dr. Faber is always fascinating and prescient. Thank you for inviting him for this excellent interview!
Faber is one of the best! Always listen and always learn something!
Always great to hear Marc's opinions. He is one of the Greats. Thanks for inviting him.
He waffles too much and his long term theories are little use in investment management. To him, the sky is always about to fall in.
The damn truckers of Canada threatened to bring the supply chain to a crawl .. how long would the standoff remain without intervention .. ?
Thanks for having Mr. Faber on. PFI should post more content and interviews in these times of stormy navigation.
This guy is a legend 😃👊🤝
Love that we were able to see into Dr Farbers library. Great show.
When Marc speaks you can be sure it is a lesson learned. Thank you for having him on.
Thank you very much Dr Faber it's always a treat to listen to your historical insights. Thank you Doug W Asbury Park New Jersey USA
faber is one of the best along with alistar mcleod for accurate doom speak.
ALWAYS worth listening to DR FABER thanks
Marc is great. I live in another part of Thailand, but I really hope I may bump in to him one day, 555. I'd buy him a beer or two just to talk to him for 5 min. He sure has lived a life.
You should drink more slowly so you can get more information from him.
@@johnhale5271 😂👍🙏
A free-flowing interview with few interruptions. Thank you both and our host.
Love it! --- I think the best "real" interview I have seen in many, many years - thank you!
Love Marc Faber. God bless.
Fabulous, interview! Very informative and timely. Thanks to both men for their time.
Enjoy listening to Marc, he is a wealth of information.
❤️
Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 5weeks, how do I learn these strategies, my portfolio has been stagnant for months.
you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner
@@stevenbergwin5074 Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
@@veniceblackwood2931 You are right! I diversified my $500K portfolio across various market with the guidance of an investment coach, I have been able to generate a little bit above $1m in net profit across high dividend yield stocks, ETF and equity during this red season in the market But the truth is that you cannot do that without a tested trading strategy
@brettatkinson5528 I am being guided by "Corinne Cecilia Heaney" who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
the wise-man ; grandpa to the world ; full of wisdom...this was a great interview ;
WOW, Dr. Faber is just such a deep well of knowledge and lived (life) experience. What a fantastic "get" for an interview, great job PFI! Cannot agree with him more about the current ECB president Lagarde.
He is a man of Wisdom👍
Great book recommendations! Many thanks.
which book did he mention around 29:02 min ?
Quite chilling when he said it could be worse than the 30s and laughed
Marc Faber is One of the VERY FEW True (western) experts on Asia. He lived here in HK and elsewhere, and knows the scene VERY well. He is a (necessary) counter weight to the total BS put out by Western media on China and much of Asia (all controlled by corporate media barons like Murdoch et al.) Love his book collection!! Priceless! 💯🎯🌎📸 🧮⚖️📚📖
Faber sounds like Dark Age Theorist when he mentions “Cycles”
I enjoyed this guy. Great realistic humour on current global affairs. Thank you from an Irishman in Isaan Thailand 🇮🇪🇹🇭
I haven't got a clue about economics so I'm surprised I stumbled on this video. I think these 2 guys are brilliant! Excellent watch, cheers!
I stumbled onto Dr. Faber, too. Really like him. I did study economics, and he's like a cool granddad that gives you the "knock it off" talk. If you're interested in more econ via YT university, Gerald Celente is great for macro trends, and Lynette Zang with ITM Trading is great for connecting macro and the news to how it affects you personally. I also watch Gregory Mannerino for the laughs - he's hilarious, like your older brother trying to get you to do better and reminds you of the goal. Last, if you like rap battles, there are a great series of economics videos, called "Fear the Boom and Bust," and "Battle of the Century," contrasting Hayak and Keynes. Apologies for the book from a stranger. I enjoy economics, and it is really fun if you get the right intro. I plan to follow Dr. Faber some more, he's fascinating.
The majority of people using these strategies are making significant profits; yes, the risks are larger, but isn't the ongoing business sector equally risky? From what I can discern, the go-to strategy for navigating this downturn and high expansion is momentary trading rather than long-term trading.
@Lloyd Bernard Since the outbreak of 2020, which significantly affected the market, I've been consulting an investment coach before making any investment decisions because their entire philosophy is built around employing a high-profit orientated plan while simultaneously trading long and short, as well as decreasing risk exposure as a hedge against inevitable downtrends. When coupled with their access to odd data and analysis, underperformance is virtually impossible.
@@Curbalnk I suppose that explains why, according to investopedia, the demand for investment experts has increased by over 41.8% since the epidemic. No matter what, kindly give the advisor who helped you a recommendation.
@@glenbert1396 I wholeheartedly recommend ''JILL MARIE CAROLL'', an investment advisor registered with the US Securities and Exchange Commission. She has been assisting me with my portfolio for some time. She has a lot of popularity; you may search her up online.
@@louisairvin3052 I discovered Jill marie caroll's website after carefully searching for her online and reading gushing testimonials about her professional experience. Thanks
I love all of Marc’s literary references. I’ve actually begun to read books simply because they were recommended by him, and it’s really opened and expanded my mind.
Me too. By the way, which book did he mention around 29:02 min ?
@@ratedrsuperstarthega Hannah Arendt, The Origins of Totalitarianism
All of Mr. Fabers interviews are varied. His 👋 historical perspective is invaluable.
I've subscribed ❤
Marc, legend in economics.
Early 1900s were invaluable regarding all areas of intellectual expertise. We ought study carefully
The historical perspective is always interesting. Thanks for the interview 👏
Love listening to this man. He is old school as well and I respect that. Don’t see many like him anymore.
This is interview is the best Christmas gift🥳
The only doctor I trust
Yup from personal wealth to health 😊
He's quite uncensored, it's refreshing.
Marc is one of the best out there.
FYI : kindle version of Schumpeter's best known book (Capitalism, Socialism and Democracy) available for 0.90 USD at Amazon.🙂
Merry Christmas to you as well 🎄
I love it when Faber lights one up :) peace.
Great guest...and interview. Thank you.
Every time Marc Speaks, there is More enlightenment, thak you for the interview 👌
👏 👏 👏 👏 👏
I’ve been listening to Fabre since 2012. He true to his word
Brilliant. This is the most I have ever seen from Marc in both information, analysis and ways to enlighten ourselves. Thank you very much.
I too, like listening to Marc. But a big difference between now and 1970s. Sacked 9 Trillion in dept. When the dept bubble implodes the whole house is coming down. (insert Marc's laugh here) LOL.
Thanks Dr Faber. Philosophical capacitor.
Mark's the best.
The Best, the beauty of age combined with wisdom. Thanks
I made my first million investing in the stock market, excited, now I have time for my self and my family
This is the goal, finally financial freedom
Hey Jasmine, as a beginner in stock investment I need some help, do you do this yourself ? you must be a Pro or something.
@@harlibassham8187 No I don't, “Annette Michelle Walters” is the Pro who assist me, look her up on the internet
@@jasminemccumber4694 Thank you very much, I have seen her profile, sent her a well articulated email already waiting for her response
My uncle here in the U.S put in $100k with Mrs Annette September and he is seeing half a million dollars as for now, I'm relieved he is humble so I don’t have to worry about his decisions
LEGEND!
Can’t get enough of Dr. Doom 😊
Great interview!please keep going ! Mary Christmas from Vienna 😊
Amusing. Trying to keep an experienced, older, worldly wise man tied into a directed line of questioning is like trying to herd cats.
However, being aware of historical trends and political actions, while demoralizing in observing what is more likely than not going to happen, does provide opportunities to not get overly blind sided by those trends and actions.
That is more important than picking the right stock. To quote C.S. Lewis (paraphrased): “when one becomes lost, the wiser course of action is not to blindly keep heading forward (which might not actually be) but retracing one’s path to where one left the path and got lost” Blindly Buying stocks or Bonds hoping those purchases will open the path to financial nirvana without considering trends and actions of governments which house those stocks and Bonds is not investing, it’s speculating.
At present, my opinion is to stand still, examine the path forward, perhaps going back to a more sure solid path, then when the true direction has been determined, then begins again to go forward.
In one generation my family went from dire poverty in Eastern Europe to not only a decent standard of living but a thriving life in North America. My grandparents refused to join the communist party so lost their land and became outcasts. They escaped to the West and now all of their grandchildren are either well educated professionals or successful entrepreneurs! I thank my grandparents❤for their strength, fortitude, resilience, wisdom, persistence but most of all their love !🥰
Fantastic interview. Pure authentic knowledge and wisdom from an old and intelligent man with an well equipped library. He is my role model for becoming an old man myself. Respect and thank you for your calm and soothing style interviewing this intere
sting man.
🗽 Marc Faber is the best... 👍👍
.
All the heads of the G7 followed the US Central Bank talking point that inflation was transitory (until it wasn't). Historically, the US Federal Reserve has been directly responsible for the 1929 Crash, the run away inflation of the early 70's, 80's, the financial collapse of 2007/2008 and the current inflationary environment.
Excellent overview 👍🏻
The Fed playing with interest rates in the 70s is different from today. Demographically, we are shrinking. The boomers are retiring in the next year or two and taking their money with them. The millennials is a much smaller group. They will not be buying as many homes cars etc. the demand that drove our economy the last half century will be missing.
Millennials are not small
@@cristianion2056 the US, which is the best country demographically in the West, has 300k vacant jobs a year that won't be filled, where that number peaks to 900k by 2034. And that's the best scenario. If you think immigration will fix any of that, the numbers have never increased since 2016, and are dropping, but retrospectively, it's actually worse than 1940s for the new generations to get the independence. That is in the US alone.
10,000 boomers retiring per DAY in the US!
Not in America. We are importing over 3 million new South American immigrants a year.
Faber and Zulauf would be a great discussion.
Yes and the accents too. I love em.
Very informative and educational interview !! Nice !!
When you ask Marc a question you will get a story. He can rambling on but there are great tips to be had if you are patient.
Truly brilliant, thank you for this 🙏
so my portfolio is already 40% gold, but i have cash left should do i buy more gold under US$1900 just go all in gold NOW or should i wait for a crash in gold and buy if it drops to US$1600 again? should i keep it in cash losing value to inflation? should i buy high yield stocks now?
Buy oil slowly. The direction is still unknown today.
A smaller country's adapt better like individuals and Families
That was very touching showing his personally signed book.
Mighty fine. Mirrors alot of what I've read.
As always, thanks to Marc for the great insights, and also to Prague Finance Institute, much appreciated!
On the future domain global currency potential and diversifications 2023 and beyond due to sustain higher inflation and monetary debasements (money printings), would Bitcoin and Ethereum be part of the diversification options since the former is not controlled by central banks and the latter's growing real world utilities?
I attended a seminar of Marc's in Sydney Australia around 1998, that's 25 years ago. He predicted so many things and got it right. Eg: the tech crash in 2000 and the China boom.
Mark C00L ! I to hesatate too be opptimistic , about loose cannon on deck .
Happy New Year'
T/C/E
Btw, Schumpeter was Austrian
Thank you.
I wished the host wait his turn to talk instead of interrupting.
I just love this man, I learn so much from Dr. Faber.
Thank you very much 👍💯
happy christmas 😁
Luv this man.
29:04 The bottom line. From democracy to totalitarianism. Then he says maybe worse than 1930s. I agree. Worse because global.
Everyone should visit Cuba if they want a preview of the new world order.
This guy has been on some Legacy Media outlets in America, but they didn't want him around anymore because of his moniker Dr. DOOM. And, obviously the Legacy Media wouldn't want anybody around that has world experience, makes reference to History, and reads actual books.
Mr. Faber looks a little like Santa Claus. Happy New Year.
Thanks for that Faber, he also says don't sail on the Titanic
fascinating
Greta interview. I've been following Dr Faber since 1994. Ignore him at your peril.
I’m in the Midwest and Faber got it right. We don’t care about that place.
Faber has never been any good at tech stocks. The best I can is that he never understood them so made no recommendations.I once went back on ten years of his monthly newsletter to track performance of his tips. They were average at best.
Love Marc but I've always wondered about the dichotomy of him talking about Free Markets raising living standard while having Mao and Lenin statues on his shelves.
I wish y’all a prosperous new year , May Almighty God Create job for the jobless , pave way for us and this year a memorable one, Amen .
If you want your 2023 to be better. Now is the best time to set some funds aside and invest it. It will help you creat a passive income and save you from the unexpected. Started my investment journey since 2014 and God has really blessed my with good returns.
I’m really so interested in starting something for myself but the problem has always been not knowing where to start. What kind of investment would you advise? And what is the best way to follow it?
@@francisvelazco7501 I'm a single mother living in CA. Been working so hard so I can retire at 50 if things keep going well for me. Bought my first condo this month and I can't be more proud than I am right now. I'm so glad I made good decisions about my finances that changed me forever.
@@arabellamuller2461 Wow God bless you more and more, it's never easy to be a single mother and still beating the odds, I'm a victim so I know how it works ..
@@francisvelazco7501 There are different kinds of investment you can try and as well get good returns on your capitals. I focus more on cryptos, NFTs, real estate crowing and IDOs. With the assistance of a financial consultant, I’m doing well for myself.
You need an international lawyer to show which countries won’t bow to Western countries pressuring them concerning freezing your assets.
Thanks
This guy is the number 1 .. love him
Which book did he mention around 29:02 min ?
Brilliant!
My family's Reserve currency is pre-1982 US pennies LOL
Whips out a cigarette while he compliments a politician on her good looks. What a lovable dinosaur.
Wir haben unsere Katze „Chiang Mai“ genannt. Frohes Neujahr 🍺 🚬
Can someone please clarify the name Marc mentions at 9:50? The economist? Maybe it's Sean Baker or Peter or something like that. Thanks......still looking for this, but I did find on the net an article entitled "The best books on Investment
recommended by Marc Faber" so if you do a search you will find his referral to great books on this topic. Still looking, though, for the guy he mentions at 9:50.
Joseph Schumpeter, an economist of the Austrian school who formulated the concept of "creative destruction" to explain economic development.
@@JT-tr5cz Thank you so much! He pronounced it so well, now that I see what the name is. "I" assumed it was two names...many thanks! I like this guy. He really nails it.
I like the cigarrette and the lighter in his hand everytime he speaks..! 👌🐧🐼
I highly recommend watching Clint Richardson's Wagging The Dog documentary. Again, if there's is one thing you can learn from history is that people never learned anything.
The Semis are the ones that have made the biggest gains in the last 3 months, not a very good prediction. But Gold will probably do quiet well in the coming year.
We are down 20 percent on the year and everybody supposedly knows a harsh downturn will come. Let’s me lean the contrarian even though conditions are deflationary at best on paper
I just love his cynical laughter. Probably because I've also come to the same attitude after coming to terms with my absolute powerlessness to influence the incoming biblical economic shit storm in any way, shape or form.