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“This Is A New World Order” – NATO Will Not Allow Greece Leave EU – Faber

“This Is A New World Order” – NATO Will Not Allow Greece Leave EU – Faber

- Greece will not be ejected from the EU – Faber on CNBC
- Greek default will trigger massive losses for ECB and European banks
- Highlights geo-political impetus to keep Greece within EU, NATO fold
- Shows strategic geo-political importance of Greece in NATO’s Cold war with Russia
- China and Russia’s ever-closer relationship more important than declining UK
- “This Is A New World Order” – Dr Faber  


In another fascinating interview, this time on CNBC, Dr. Marc Faber discussed the factors involved in the ongoing Greek crisis and made some interesting points.

Dr. Faber – who edits the Gloom, Boom and Doom report – is in no doubt that Greece will not be allowed to default because of both economic and geo-political considerations.

“It’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. So they will lend more money and kick the can down the road.”

Of even greater significance is Greece’s strategically vital location as a gateway between the Black Sea and the Mediterranean.
It is this geo-political factor which Faber believes will ensure that Greece is kept within the EU fold at any cost. For this reason he insists that Russia will never cede Crimea to the western powers.

“From the Black Sea, the Russian fleet can move into the Mediterranean. and without that, they can’t – they have no access to the Mediterranean, without the Black Sea and Crimea.”


Between the Black Sea and the Mediterranean, he adds, lie Turkey, Moldava and then Greece making Greece “a very strategically important part of Europe”.

The implication is that were the EU to cut Greece loose Russia would be only too happy to step in and potentially project military power directly into Europe.

Faber was then asked to clarify whether he was suggesting that the EU would never let Greece go so that “Putin … cannot recapture the glory of the Soviet Union.”

He subtly points out that imperialism is by no means confined to Russia and that Russia’s recent actions may have been in response to U.S. imperialism.

“Basically, America has had the Wolfowitz doctrine to contain countries like China and Russia.”

He goes on to highlight the new emerging geo-political order where emerging powers China and Russia grow ever closer. There was plenty of Asian media attention on Premier Xi’s visit to Russia.

In contrast, Britain’s election was regarded by western and some international media as being important. Faber believes there is evidence that the global influence of the UK and the U.S. is in decline.

He cites China and Russia’s ever-closer relationship as being more important than the the relative insignificance of Britain’s election and suggests China and Russia’s increasing power is a “new world order.”

He says that it may be that the EU will, until the eleventh hour, make threats and jawbone Greece in order to extract the best terms. Ultimately, however, they are left with little choice but to bail Greece out and postpone the inevitable for a little while longer.

Dr. Faber’s lucid analysis indicates that from both an economic and geopolitical point of view the world and particularly Europe, is in a vulnerable position.


He has previously advised readers and clients to act as their own central bank and buy physical precious metals (gold, silver, platinum and palladium) as a hedge against currency depreciation and geopolitical crises. Faber believes that storing gold in Singapore is the safest way to own gold today.

Interview Transcript
Dr Marc Faber:
I don’t think it’s about Greece economically. it’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. so they will lend more money and kick the can down the road.

Number 2; and this is overlooked by many people, it’s a political issue. if Greece leaves; or if Portugal leaves; or if Spain leaves; or if anyone leaves; the NATO countries led by America, basically, are very afraid that either the Russians establish closer relationship…. you have to look at the geography of eastern europe. You have the northern part of the Mediterranean – The Black Sea. And there you have Crimea Island and to the east of Crimea Island you have Eastern Ukraine.

The Russians will never give up  Eastern Ukraine. It’s like the Chinese will not give up Hainan Island, you understand? It’s not going to happen under any condition. The West can bitch and talk and whatever they want – they’re not going to give it up.

I’m trying to figure this out – what has this to do with Greece not leaving the EU?

Dr Marc Faber:
Well this is what i am trying to explain to you because you have little knowledge of the Eastern European geography. from The Black Sea the Russian fleet can move into the Mediterranean  and without that, they can’t – they have no access to the Mediterranean, without The Black Sea and Crimea.

And in the Mediterranean you have first Turkey, Moldavia and then Greece…and Greece is a very strategically important part of Europe.

So you’re saying that at any cost the EU will make sure Greece stays in so Putin can’t get his hands….cannot recapture the glory of the Soviet Union…?

Dr Marc Faber:
Basically, America has had the Wolfowitz doctrine to contain countries like China and Russia. And why do you think is? Xi in Russia and is prominently featured with Putin? This is the new world order. And Americans and the western countries – You just had the news on Cameron. You look at Cameron. What interest is he to the people of the world? Britain is no longer an empire – it’s a degenerated country….Britain is a great country but economically it’s completely meaningless.

CNBC Interview here
Must View Investment Webinar with Dr Faber  here


Today’s AM LBMA Gold Price was USD 1,184.75, EUR 1,062.20 and GBP 768.37 per ounce.
Friday’s AM LBMA Gold Price was USD 1,185.25, EUR 1,054.26 and GBP 767.46 per ounce.

Gold in EUR - 1 Month

Gold climbed $5.60 or 0.47 percent on Friday to $1,188.50 an ounce, and silver rose $0.17 or 1.04 percent to $16.48 an ounce.

Gold rose 1.2% on the week and silver was 2.1% higher on the week. Gold finished higher on Friday and had a weekly gain in dollars after a volatile week which saw sharp losses in government bond markets.

Yemen’s militias and the Saudi army traded heavy artillery and rocket fire in border areas today, a day before a five day humanitarian truce was due to take effect. The Houthis said they fired Katyusha rockets and mortars on the Saudi cities of Jizan and Najran on Monday, after the Saudis hit Saada and Hajjah provinces with some 150 rockets.

Warnings of an accidental default loom over debt swamped Greece as Prime Minister Tsipras’ anti-austerity government heads for another confrontation with an increasingly testy German-led bloc of creditors.

German Finance Minister Schaeuble and his Greek counterpart Varoufakis meet in Brussels this lunch time ahead of a Eurogroup meeting of Eurozone finance ministers, a spokesman for the German finance ministry said. A time was not confirmed the spokesman said it would be before the gathering starts at 1300 GMT.

Breaking News and Research Here


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Faber Favours Commodity Stocks In India, Asia … and Gold

Faber Favours Commodity Stocks In India, Asia … and Gold

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Respected economic historian and author of the “Gloom, Boom and Doom Report,” Dr Marc Faber has warned about the continuing and coming decline of western economic power.

He believes that the generation of young people starting to work today will be the first in two hundred years to have a lower standard of living than their parents had. He believes dividend paying Asian stocks will grow wealth in the coming years and remains an advocate of owning physical gold.

In a video interview with Barron’s, Dr Faber states,

“I meant that with respect to western societies and Japan where essentially the younger people – today’s generation – will earn less than their parents and they will have less wealth than their parents, inflation adjusted.”

“[This is] because we will have wealth taxes, we will have more estate taxes and we have essentially declining real median incomes in the western world and Japan.”

Faber has consistently warned since the late 1990’s that this dynamic would come to pass as the West and the U.S. in particular exported its industrial infrastructure and binged on consumer junk fuelled by easy credit while the emerging economies of east Asia used the proceeds to focus on production rather than consumption to become industrial powerhouses.


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“I Wouldn’t Hold My Gold in the U.S. At All” – Faber

I Wouldn’t Hold My Gold in the U.S. At All” – Faber

Dr Marc Faber has again urged people in the world to be diversified, own physical gold and to be their own central bank.

Dr Marc Faber on Gold

In another fascinating interview with Bloomberg, Dr. Marc Faber covered Japan’s massive QE experiment, the slump in oil prices and the importance of diversification and owning physical gold.


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“I Want To Be Diversified, I Want To Own Some Gold” – Faber

“I Want To Be Diversified, I Want To Own Some Gold” – Faber

Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.


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Gold Lockdown Until Options Expiry Monday – New Singapore Gold Contract Threatens Manipulation

Singapore’s plans to become a gold and precious metals hub took a key step on Thursday. Jim Rogers, Jim Sinclair and Marc Faber have extolled the virtues of owning physical coins and bars in Singapore. “Individuals are making a mistake if they’re holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia,” Faber recently said.


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ECB Negative Interest Rates To Weaken Euro, Make Non Yielding Gold More Attractive

If banks charge an interest rate to keep cash in a savings account or current account then gold bullion becomes a much more appealing asset. Some depositors will rightly now see non yielding but safe haven gold as increasingly attractive. (more…)

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Faber On Gold: “I Buy More Every Month”

“People think they know what the future holds… and what Central banks are up to.. they don’t… I will never sell my gold and I buy more every month… I would not be short gold,” Faber said. Faber adopts the prudent strategy of dollar cost averaging or gradually accumulating a position over time rather than investing a large lump sum at once. (more…)

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Faber: Gold Good Value, Diversify With All Precious Metals – Safest To Store In Singapore

Faber discussed the importance of not owning gold stored in the U.S., why Singapore is safest for gold storage, the risks of bitcoin & how small countries should revert to national currencies. The interview can be watched here … (more…)

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“Bail-In” Of Banks Likely – New Rating Agency

“Banks are still too big to fail, the only difference is that somebody else will pay to avoid a failure, and that somebody else is the creditors …”  It is important to realise that not just the EU, but also the UK, the U.S.  and most G 20 nations have plans for bail-ins … (more…)

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Faber – “How Could You NOT Own Gold?”

Jim Rickards said that gold should remain an essential part of diversified portfolios and Mark Faber pointed out that the question should be “how could you NOT own gold?” Faber has said that he favors owning gold in fully allocated gold accounts in Singapore and Switzerland. (more…)

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UK Budget Allows Bank Accounts To Be Raided

Shockingly, HM Revenue & Customs will be able to directly access taxpayers’ bank accounts in order to recover unpaid tax, under little noticed measures announced in this month’s Budget speech. The significant HMRC legislation change was buried deep in the Budget document and comes amid preparations by the Bank of England for bail-ins. (more…)

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Dr Marc Faber: Entering Terminal Phase Of Fed Bubbles

Dr Faber warned that the Middle East is a tinderbox and will go up in flames.  Punctuated by his usual dry wit, flashes of humour and dire warnings, it was a sober message and the attentive audience lapped Faber up.  Register today for our webinar with Dr Faber this Friday. (more…)

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