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Financial
Guru Urges Bankers To Head for The Hills
Notoriously
accurate financial analyst Marc Faber warned investment bankers to flee cities
and buy property in the countryside this week, in a chilling address he
delivered to 700 elite fund managers gathered in Toyko.
Advising
the super-rich financiers to convert their ill-gotten gains to gold and
diamonds 'because they can be carried' Dr Faber suggested staying in cities
could soon prove particularly perilous.
"The next
war will be a dirty war," he predicted, "What are you going to do when
your mobile phone gets shut down or the internet stops working or the city
water supplies get poisoned?" he added.
Outlining
his vision to Russia's Troika Dialog Forum in Moscow several weeks earlier the
nowadays Thailand based Swiss expert was in similarly apocalyptic mood,
singling out the UK, mainland Europe and the US in particular as notably
vulnerable locations to avoid.
"I'm
convinced the US government will go bankrupt," Dr Faber told the assembled
billionaires, "But not tomorrow. And before they do they will print money [and]
you'll get a depression with very high inflation rates," he predicted.
Dr Faber
first became infamous when he accurately predicted the Wall Street crash of
1987 seven days before it happened and attracted even more kudos when he
prophesized the latest global economic crisis. His chilling vision failed to
alarm US house DJ (and Skrufff biblical correspondent) Jorge Jaramillo, however
who pointed out that he's long been preparing for the upcoming Tribulation.
"In order
for the one world government (which is already in place as of November 2009 set
and ready to operate, though few know it) America needs to 'fall financially',"
Jorge told Skrufff this week.
"The plan
has actually been outlined for over a hundred years and is well documented by
many, such as well known writer of her time Ayn Rand in her 1950s novel 'Atlas
Shrugged'," he explained.
"People
don't want to hear it and they won't believe it, so I've generally stopped
talking about it though personally I'm already doing something about it," Jorge
revealed, "I have learned to hunt, I have my own vegetable garden and have
stockpiled on seeds."
He also
revealed he's already moved to the countryside and agreed vehemently with Dr
Faber's dire warnings.
"Hell
will break loose when America is faced with hunger, power outages, failed
corporations, massive job losses, no water . . . and all the heavily populated
areas will experience the most violence," Jorge suggested, "If it were up to me
I would live miles away from the closest anything. Yes I live far from the city
but not yet far enough," he said.
The
Guardian, meanwhile revealed that America's escalating economic crisis has
prompted property prices to crash by 80% in Detroit, with the average price of
a house sold in Detroit last year falling to just US$7,000 (EUR5,000/ £4,700).
Hundreds of homes, some in good condition, are now available for hundreds of
dollars, the paper reported, with some on sale for Just US1.
"You find
these houses among boarded-up, burnt-out and rotting buildings lining deserted
streets. Places where the population is shrinking so fast entire blocks are
being demolished to make way for urban farms," the newspaper reported.
"One in
five houses now stand empty in the city that launched the automobile age,
forged America's middle-class and blessed the world with Motown." (Guardian: http://tinyurl.com/yh4w4nc
Al
Jazeera on the decline of Detroit: http://www.youtube.com/watch?v=T6WKMNmFsxM
Dr Faber
on video chatting to the FT about economics (a bit heavy going): http://tinyurl.com/y8jyw4k
http://tinyurl.com/yeuhrt7
(Michael Moore: 'There's going to be another crash. The commercial real estate
bubble hasn't burst yet. That's going to burst. The credit card debt is so huge
right now, it will never be repaid. That's a house of cards waiting to fall. So
the crash of '08 is going to look like coming attractions. And we're in for a
much, much worse time . . .')
http://en.wikipedia.org/wiki/Atlas_Shrugged
('Atlas Shrugged is set in a dystopian United States at an unspecified time.
Writer Edward Younkins noted, "The story may be simultaneously described
as anachronistic and timeless. The pattern of industrial organization appears
to be that of the late 1800s...the mood seems to be close to that of the depression-era
1930 . . .')
Jonty
Skrufff (http://skrufff.com):
Follow Jonty on Twitter: http://www.twitter.com/jontyskrufff
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