Thursday, November 8, 2012

MARC FABER & JIM ROGERS: ‘Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You Should Buy Yourself A Machine Gun. I Need To Buy A Tank…’ ‘It’s Going To Be More Inflation, More Money Printing, More Debt, More Spending…’




Faber on President Obama’s reelection:
                
“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%…I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn’t care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”

Faber also said “I doubt [Obama] will stay at the presidency for another four years. I think there will be so many scandals” and that investors should “buy themselves a machine gun.”

Rodgers on President Obama’s reelection:

“It’s going to be more inflation, more money printing, more debt, more spending,” Rogers told CNBC.

Investors should avoid U.S. government debt and the dollar and stock up on gold.

“It’s not going to be good for you me or anybody else,” Rogers said.


Story: http://investmentwatchblog.com/jim-rogers-marc-faber-obama-is-a-disaster-the-stock-market-should-have-fallen-50-and-you-should-buy-yourself-a-machine-gun-its-going-to-be-more-inflation-more-money-printing-more-de/

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