Marc Faber's current tag line is telling parents to buy their children a $100 US Bond to teach the children about inflation as they watch their bond diminish in value to $0. lol.
His real claim to fame is getting his clients out of the market before the crash of 1987. His market report is called the "Gloom, Boom, Doom" report.
I don't agree with some of his stuff, I agree with others, but the education in the video is wonderful for those willing to take the time.
Faber Says Fannie, Freddie Should Split Up, Not Get Aid: Video
July 23 (Bloomberg) -- Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Carol Massar from Chicago about the future of Fannie Mae and Freddie Mac, the global economy, and the outlook for stocks and commodities. Faber said Freddie Mac and Fannie Mae should close down their business or split into private companies and not get government aid. Bloomberg's Julie Hyman, Erik Schatzker and Ellen Braitman also speak. (Source: Bloomberg)
00:00 "The world is in recession already."
01:35 Earnings to "decelerate"; technology stocks
02:59 Need to close down or split Fannie, Freddie
05:11 Concerns about technology stocks
05:41 S&P 500 forecast; outlook for interest rates
07:50 "The Fed is totally ineffective."
08:39 Outlook for oil prices, commodity markets
10:35 Credit crunch, impact on economy
11:24 Overseas interest in U.S. assets; China
13:46 U.S. resource companies "attractive" to Asia
14:47 Worst case: "colossal bust with inflation"
Running time 16:27