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    Julie Crawshaw
    Money News
    July 16, 2009

    Some economists think that another bubble is what’s needed to get the economy moving again.

    Gloom, Boom and Doom publisher Marc Faber said this is ridiculous, and that the Federal Reserve — which he holds responsible for creating the housing bubble — wants to do it all over again.

    The central bank should not encourage excessive credit growth, Faber tells Moneynews.com’s Dan Mangru in an exclusive interview.

    Between 2000 and 2007 the total U.S. credit market debt increased at five times the rate of nominal gross domestic product.

    Unfortunately, Faber said, the next bubble is already here. This time it’s government spending and fiscal deficits that Faber thinks will double the government’s debt during the next six years or less.

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    Comment Rules

    52 Responses to “Faber: Next Stimulus Will Be Worse”

    1. wrong Says:

      so will the next false flag attack: TWNCPONE

      Social Viability Reply:

      “The central bank should not encourage excessive credit growth,”

      That’s like saying a butcher shouldn’t sell so much meat or that a car salesman should not encourage too many people to buy a car.

      Damn it! That’s what’s wrong with this ass-backwards financial system: the central banking low-lives have a clear vested interest in creating excessive credit growth. The more money they create and lend, the more money is paid back to them.

      The central bankers took over America in 1913. America was conquered when the Federal Reserve Act was passed.

      It is time for revolution. And the only revolution that will be effective against the central bankers is a monetary revolution.

      If you stop using the filthy money that they supply to you, their banking system will dissolve. When you switch to an alternative currency the bankers will no longer be able to steal from you through inflation and usury. You will not be dependent upon them for credit and you will no longer be dictated to by the politicians that the bankers employ.

      Don’t fight the system:
      Replace it
      http://socialviability.com/

      Proof Moon landing was staged Reply:

      I can’t believe this made Reuters. NASA conveniently lost their most important original tapes on the moon landing, so they hired a hollywood studio to doctor the original CBS rebroadcast!

      http://www.reuters.com/article.....MK20090716

      centerbound Reply:

      The moon landing… fake?? You are a friggin idiot.

      notasheeple Reply:

      he’s not an idiot. think about it for a second. if it takes all that fuel and power to launch them to the moon and they land there in a little triangle tin can where did the power to launch them back to earth come from? duh it never happened. if they could get to the moon why didn’t they build their space station there where it could be anchored and would be safer instead floating around in our outer most atmosphere? duh it never happened.

      TRUTHPIG Reply:

      How is that “proof”? Heres the real story…The year, 1969, US is in an intense space race with the Soviets, the US has invested millions and millions in a no holds bard conquest of the moon, and it HAS to win, Its a matter of national pride and dominance of Space, So they do it, but the pictures are crappy, It is cold on the MOON and the film turns green, what they need are better pictures, AWSOME pictures..so who do they turn to for awsome high contrast crisp realistic photos of the astronauts on the moon? Stanley Kubrick! Its true, NASA and Kubrick allready had a working relationship when Kubrick borrowed a camera from NASA with a super low light lens used to film satelite in orbit, He used the one of a kind camera to film candlelit scenes in Barry Lyndon, Then, after seeing 2001 and the superb flawless space realism depicted in the film, The NIXON administration contracted Kubrick to shoot several high quality pictures of the Moon walkers and the Module, The famous ones you see today. Look at them, they are PERFECT pictures, They DID go to the moon, thats a fact, and quite an acheivment which we all can be proud of as Americans, They just “enhanced the publicity around the event with a little help from an Expert, Master film maker and realism perfectionist Stanley Kubrick.

      BLACK POPE Reply:

      im the black pope, and me and my satanist buddies got you fools into all using monopoly money at gunpoint!

      hah! lets get another bubble going! or maybe hyperinflation, then when we collapse the worthless world papers, we’ll “prevent” it by forcing a NEW WORLD CURRENCY – preferably without paper – just all digital

      ah, i love being in control of you slaves, too bad black pope and all satanic minions go TO HELL FOREVER ;)

    2. BillyBones Says:

      Looks like we can’t trust the bankers.

      Dorks for Dollars Reply:

      Kee shelling out your money taxpayers- they’ll keep stealing.

    3. DreamToShare Says:

      there will be no next .

    4. Izzy Says:

      Im sure the cock smoking, owl molesting, bankers will have plenty of schemes to discuss at the grove the next two weeks.

    5. FreedomLover Says:

      Get debts paid off quick.

      sup Reply:

      why ? why to pay debts does not it makes more sense to place money in gold so if dollar does go bust you pay your debt with gold which will skyrocket ???

    6. Question Says:

      What is TWNCPONE?

    7. Question Says:

      What is TWNCPONE

    8. Ricochet Says:

      Yeah OBAMA is a real looser.
      People are their own worse enemy.
      People won’t fight.
      They just blame everyone else for the problems they create.
      We already lost it all.
      People will always suck up to get what they want.
      I’m tired of hearing about “TAKE IT BACK” stories that amounts to nothing more than hot air.
      PREPARE FOR THE WORST CAUSE IT’S COMING & YA CAN’T DO ANYTHING ABOUT IT…..
      BUY GUNS…..AMMO…….CLOTHES……FOOD & PREPARE FOR THE FINAL ASSAULT.
      THAT SIMPLE…………….

    9. irs exempt Says:

      myself , I am hanging on to all physical assets , cars, etc.your dollar is doomed……………..

      sup Reply:

      sel all of physical assets and buy dollars all physical assets will be devalued

      AntiworldGovt Reply:

      lol ur new to this…

    10. sup Says:

      we need a war

    11. N Angel Says:

      I believe that all is well and we will all prosper and get filthy rich well into the 22nd century. Lets hold hands now as we skip down lollipop lands rainbow bridge, weeeeeeee!!!! Weeeeeeee!!!! Actually its God, gold, goods, and guns!!! Got the Lord Jesus? Time is short.

    12. AJ videos Says:

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    13. Crito Says:

      The dollar has lost 95% of its purchasing power in the last 100 years. That’s a good number to spread around. People sometimes forget that inflation compounds like interest.

    14. birgit Says:

      This is just too much for a fluoride and tv ladden mind who wants to watch ’survivor-model-chef’

      here, his website…
      http://www.gloomboomdoom.com/portalgbd/homegbd.cfm

      if you care to see how he KNOWS…

      Faber is famous for advising his clients to get out of the stock market one week before the October 1987 crash

    15. Unity!! Says:

      Their system doesnt matter! Fight the attacks on our food and water. Prepare to care for your family 100%. Defend the U.S. Constitution. AND always remember, failure is not an option!!

      http://www.redpillvsbluepill.weebly.com

    16. Dirk M. Raat Says:

      Marc Faber is one of my idols and is one of the very few that I take serious and trust on economic issues.

    17. Gary Says:

      Oh, s---! I was expecting something fairly intelligent and informative. This crap is from NewsMax, one of the worst purveyors of Neocon trash there is.

      lucid Reply:

      I’ll second that… but it is Mr. Faber

    18. Obomite Says:

      We should all be spending our savings and spending all the credit we can get a hold of. Stimulating the economy and absolutely supporting our great president is a top priority. Get into debt now! Sell your assets! Any one going to watch Bruno? That is a great movie that represents true moral authority.

    19. Live Free!! Says:

      We all know that the system was designed to fail. We must stop using the system they are supplying to us. We need to grow our own food, get off the grid and ultimately find ways to care for our own and be free! If we do that now and prepare now we will all be the better for it when the time comes to need to do so.

      http://www.redpillvsbluepill.weebly.com

    20. Johnathan Fields Says:

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    21. Jonathan Fields Says:

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    22. Dave Says:

      Is it just me or does he sound like general Burkhalter of Hogan’s heroes”
      “Kilnk,SHUT UP!

    23. Phil Says:

      http://www.youtube.com/watch?v.....-main-area

    24. tony tyler Says:

      this guy is a very smart man. he actually understands financials of the country and of the world.

      http://www.youtube.com/user/tonytonytee

    25. P O F Says:

      In light of recent events can we shift some of our focus to the question, does Barrack Obama meets the qualifications to be the President of the United States of America? This is dragging on entirely too long. He needs to release his “long form” birth certificate!!!! Anything less is irresponsible and is waisting taxpayer money and the time of our courts and judges.

    26. icnsay Says:

      Well, no way will I keep what I’ve found out the last 2 or 3 months from reaching others because that would be like laying in front of a speeding train and accepting they will win it all—but I can’t. Especially this news.

    27. Technowpedia Says:

      Very nice information. Thanks for this.

    28. God Rules Says:

      Gods promises are yeah and amen for the believer. He promises to be with those who refuse to worship the eigth king the anti christ. Those who rest in God. I will sustain you with my mighty right hand. The tribulation is only a short 3 and 1/2 years when God pours out HIS wrath. God rules and makes the way straight. Prayers are the answers. He stores them up in vials and thoses are the ones He hurls to the earth during the time of wrath. Give God glory for He has removed your errors and sins. He cast them into the sea and remembers them no more. Praise God from whom all blessing flow.
      GOD RULES

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    30. Revol Says:

      Westill need to get off the computer and into the streets!!!! I don’t care what the topic!

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