Marc Faber Tells CNBC: 'U.S. Will Never Balance Its Budget'

'Expecting the U.S. to balance its budget is like expecting my Rottweilers to hoard sausages.'

'Markets will punish central banks for printing.'

Comments

[DailyBail]

Marc Faber loves the odds of a ‘big-time’ market crash

http://blogs.marketwatch.com/thetell/2013/01/31/marc-faber-loves-the-odds-of-a-big-time-market-crash/

[DailyBail]

Labor Minister Says France Is "Totally Bankrupt"

http://www.telegraph.co.uk/finance/financialcrisis/9832845/France-totally-bankrupt-says-labour-minister-Michel-Sapin.html

[Ponce]

How can you balance anything when you have more weight on one side than the other?.......the glass is not half empty but 8/10th empty........more going out than is coming in.........can I put it in any other way?

"No Export = No Recovery".... Ponce

WAKE UP DUM DUM .........Why make something so simple.......so hard?

V

[rollsthepaul]

Unsustainable in every way
And forever more, that’s how it will stay
That’s why insane debt is so incredible
That something so unsustainable
Thinks that we’re unsustainable too.
Nat King Bernanke

[Strayhorse]

How about America impliment the following and give real Americans a chance to change this great nation on a more personal level:

AMERICA – MILLIONS OF JOBS ARE AVAILABLE NOW; MILLIONS OF MORTGAGES SAVED NOW; MILLIONS OF STUDENT LOAN DEBTS CLEARED NOW; THOUSANDS OF VETERANS THANKED NOW-INCLUDING HOMELESS VETERANS!


THE ECONOMIC FREEDOM AND STABILITY ACT (EFSA)


Please find below a simplistic compilation of suggestions for fixing America’s economy. Instead of giving any further bail-outs of billions of dollars to the banks, financial houses, or corporations that will squander the money on obscene and unearned bonuses without giving any thought to using those funds for the betterment of the poor and middle class, the following plans are presented instead:


PLAN A: 

There are 40-50 million baby boomers who remain employed in the work force. We suggest that the United States government offer each of those employed baby boomers $1 million dollars each, tax free, as severance to retire from their employment within 90 days of receipt of the $1 million dollar severance with the following stipulations:

I.          The new EFSA retiree MUST cease their current employment and not hire on as an employee anywhere in America ever again. 40-50 million job openings will occur – Younger potential employees and college graduates are then hired.  Unemployment costs saved and employment opportunities will immediately be resolved. (The new retirees CAN start a business, and they can eventually hire new employees too).

II.         The new EFSA retiree MUST buy a new AMERICAN made energy saving, green rated automobile. With 40-50 million new American made vehicles ordered the auto industry will once again become stable and solvent with jobs and needed resources enjoying economic growth- Employment, Environment and Auto Industry fixed.

III.        The new EFSA retiree MUST either buy an American house/condo or pay off their existing mortgage thereby increasing jobs, and stabilizing the housing and mortgage issues – Employment and Housing Crisis fixed.

IV.       The new EFSA retiree MUST purchase a life insurance policy to insure that those who depend on them for support will be taken care of in the event of untimely death or medical setback. –Dependents and Caregiver Coverage Fixed.

V.        The new EFSA retiree MUST purchase and carry yearly medical, dental and vision coverage for themselves and their dependents, decreasing healthcare costs and burdens for the nation, and ensure continued wellbeing and quality of life.  – Financial, Employment and Healthcare Coverage Fixed.

VI.       The new EFSA retiree MUST forfeit all future Social Security, Medicare, and/or Medicaid benefits decreasing trillions of dollars of social welfare costs; eliminating the financial burdens on the coming generations, and encouraging self-determination.  Budget Deficit fixed.


*** Certainly even some of the noted suggestions warrant further consideration, or the opportunity to be further elaborated on and implemented.  Such an economic and stability program could be in effect by the end of June 2013 without much financial investment considering the billions of taxpayer dollars being wasted each minute as you read this proposal.



AMERICAN VETERAN ACKNOWLEDGEMENT OF SACRAFICE ACT (AOS)

PLAN B:


THE AMERICAN VETERAN ACKNOWLEDGEMENT OF SACRIFICE ACT– AOS

1.      10-20 ACRES OF AMERICAN LAND AND AN AMERICAN MADE TRUCK (NEW OR USED) WILL BE PROVIDED ALL HONORABLY DISCHARGED VETERANS.

2.      VETERANS MUST GROW SOMETHING FOR THE GOOD OF THE COMMUNITY ON THE LAND (FOOD, LIVESTOCK,
WILD GAME, PRODUCTS, ETC)

3.      VETERANS CANNOT SELL, CONVEY, USE AS COLLATERAL OR TRANSFER OWNERSHIP OF THE LAND
FOR 10 YEARS.  THE TRUCK CAN BE SOLD OR OWNERSHIP CONVEYED AFTER FIVE YEARS.

4.      THE LAND CAN BE INHERITED BY DEPENDENTS OF THE VETERAN BUT CANNOT BE SOLD, CONVEYED, USED AS COLLATERAL OR TRANSFERRED OUT OF THE FAMILY FOR 10 YEARS.

5.      VETERANS ARE RESPONSIBLE FOR STEWARDSHIP OF THE LAND TO INCLUDE ALL WASTE CREATED ON THE LAND.

6.      THE LAND CANNOT BE A BLIGHT ON THE COMMUNITY, OR THE LAND CAN BE RECOVERED BY THE GOVERNMENT AS FORFEITURE FOR FAILURE TO MAINTAIN THE LAND AS IT WAS INTENDED TO BE USED.

With the implementation of the SEVERANCE AND VETERAN ACTS, America’s students will see a brighter future to invest their efforts and talents while creating plentiful jobs without fear of increasing the unemployment ranks.
 
STUDENTS TO PROFESSIONALS ACT – (STP)

PLAN C:

THIS PROGRAM WAS CREATED TO CONNECT HIGH SCHOOL AND COLLEGE STUDENTS TO EMPLOYERS WHO WILL ACT AS BENEFACTORS, MENTORS AND INVESTORS IN THE STUDENTS’ FUTURE PROFESSIONAL AMBITIONS BY FUNDING A STUDENT’S EDUCATION OR SKILL TRAINING ON A 1:1 RATIO:


ONE YEAR OF EMPLOYMENT WITH THE SPONSORING COMPANY FOR ONE YEAR OF COLLEGE OR SKILL TRAINING.

1.      A SPONSORED STUDENT WILL WORK SIX TO EIGHT WEEKS OF EACH SUMMER ATER THEIR SOPHOMORE YEAR IN HIGH SCHOOL UNTIL THEY GRADUATE FROM HIGH SCHOOL, AS AN INTERN WITH THE EMPLOYER-SPONSOR WHO HAS CONTRACTED TO INVEST IN THE STUDENT’S COLLEGE OR TRADE SCHOOL TUITION.

2.      ONCE THE STUDENT GRADUATES FROM THE COLLEGE OR TRADE SCHOOL OF THEIR CHOICE, THE STUDENT WILL WORK ONE YEAR FOR THE EMPLOYER-SPONSOR FOR EVERY YEAR THE EMPLOYER-SPONSOR FUNDED THAT STUDENT’S EDUCATION OR TRAINING.

3.      SAID EMPLOYMENT WILL BE AT A COMPETITIVE RATE OF PAY, WAGE, SALARY AS DETERMINED BY THE MARKET AT THE TIME OF COMPLETION OF COLLEGE OR TRAINING.

4.      CONTRACT AND NEGOTIATIONS REGARDING COLLEGE/TRAINING TUITION/EXPENSES AND EMPLOYER REIMBURSEMENT WILL BE DEFINED BY ARBITRATION AND STANDARDS DETERMINED BY THE DEPT OF LABOR.

*** THIS PROGRAM WILL CREATE AN AMERICAN TRANSITIONAL VIABLE WORK FORCE WITH PRACTICAL WORK EXPERIENCE FOR PROSPECTIVE EMPLOYERS-SPONSORS TO ACCESS AND MENTOR.

*** THIS PROGRAM WILL CREATE JOBS AND DIRECTLY CONNECT THE WORKFORCE WITH THE INDUSTRIES IN NEED OF HUMAN CAPITAL.

*** THIS PROGRAM WILL ENABLE STUDENTS TO TRANSITION TO EMPLOYMENT WITH A DIRECT INVESTMENT IN THEIR FUTURE, WHILE BOLSTERING THE ECONOMIC GROWTH OF THE NATION.


With the implementation of these simple SEVERANCE, VETERAN & STUDENT ACTS, America’s economy, spirit, and future will exponentially expand beyond the nation’s current burdens and constraints, with prosperity and renewed INVEST in AMERICA (I AM) – SOLUTION.