Tuesday, March 2, 2010

Best financial advice in the last ten years

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.

Once, again, my guru, Dr. Marc Faber aka Dr Doom. Subscribe to his newsletter, visit the website,  before the internet dries up and the Post Office closes up shop.

The end is nigh

So says Dr Doom aka Mark Phaber, PhD,

Humanity is too sick to live, and you can't get a decent Cabernet sauvignon these days, either. It's rather sad, really.

the infamous bear market purveyor who correctly forecast the 1987 market correction and was one of a handful of analysts who were ignored when they warned everyone about the recent impending worldwide economic meltdown. Speaking in Tokyo in front of 700 of the most influential fund managers on the planet, Faber spelled out what’s coming up next, perhaps very very soon and it’s not unicorns and rainbows. Towards the end of this administration’s term, he forecasts the United States declaring bankruptcy, a dirty war between the U.S. and China, concerning resources such as oil, gypsum and fresh water, civil strife and disruption in major U.S, cities.

Damn you all to hell! You blew it up!!!!

He advises people to move out of cities, buy working farms with good water supplies and buy lots of precious metals, as currencies worldwide will ultimately fail.

Say goodbye to the internet,too!

He also predicts the internet will crash repeatedly,too, so that iPad you’re planning on getting may ultimately be a very expensive pillow, rain hat and serving tray while waiting on soup line.

Have a nice day!