Marc
Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous"
Leaders
4
October, 2012
While
the discussions between these two legends varied from Phat Phong
nightlife to Dow 30,000, and from China bullishness to AAPL
bearishness, it was the conversation about the actions of Bernanke,
and more importantly our political leaders that summed up perfectly
the dreadful reality in which we find ourselves. The punchline: "It
is very dangerous to have ignorant people believing that they know
something."
Rogers
is bullish China long-term but buying Chinese stocks only
selectively...
Faber
sees under-the-surface weakness in US equities and while central
banks could print us to Dow 30,000; gold and other commodities will
be astronomical by then...
Faber
is bearish AAPL, believes its a bubble - but too dangerous to
short...
Both
are uber-bearish central-bankers and politicians...
Marc
Faber: "Both candidates are clueless and completely
artificial..."
Jimmy
Rogers: "It's worse than clueless, because they think they know
what they're doing.. and so they are dangerous! If they were just
clueless and looked out the window, we wouldn't have a problem, but
they think they have the solution - but their solutions are what's
making the situation worse..."
Marc
Faber: "That is precisely the point. It is very dangerous to
have ignorant people believing that they know something!"
Summed
up perfectly, we believe.
Must
watch - especially to hear the CNBC anchor squirming...
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