Marc Faber's Highly-Unprofessional Know-It-All Interview

Marc Faber's Highly- Unprofessional Know-It-All Interview 

  Thai TV, September 20, 2013

Their Business Greats Tiger Team

There is little doubt the Marc has a fairly good grasp of the technical issues related to the global financial situatIon. Whether he is right or wrong is another matter. He conveys a strong sense of certitude with regard to his thoughts and opinions. Such an attitude should be expected from an investment promoter. 

The Fed is in a bind and there are signs that the QE program is faltering. As he points out, the ten year treasuries have risen from a low of about 1.5% a year ago, to almost to 3% today. As he says, "that's a 100% increase." Marc believes that the Fed will continue with its QE program with little; if any, tapering for some time, in an meager effort to hold down  low long-bond rates. By now, everyone is aware that a surge in these rates would be devastating to the global financial system and the overbought stock markets. We go along with his view.

He also makes reference to the absurdity of Keynesian and Neo-Keynesian (Turbocharged) economists - the latter apparently proposes fiscal deficits of $5 Trillion to resolve the US's economic problems. While we agree that such a move is unconscionable, Dr. Doom provides us with little insight into what remedies he would alternatively propose.

This lack of a deep understanding of the physical existential forces driving the world's economy is apparent in most of this interview. The very fact that Marc entirely discounts, any and all, participation or insights from academia, and concurrently holds business opinions and views, as the ultimate source of a monopolistic truth, speaks volumes as to the depth and objective quality of Marc's thinking, information, sources and analysis. This negativity further suggests a"know-it-all" attitude bias that tears apart the speaker's credibility, leading us to distrust the balance, integrity and substance of all else that was asserted. To be short, we were taken aback by the utter short-sightedness and arrogance of this remark and related thoughts.

This, of course, deepens our concern and skepticism about such pundits who operate with multiple narrow-minded agendas.  We would prefer a more open, professional approach to information, sources and thinking. Similar to the philosophical thoughts of Socrates: "the only true wisdom is in knowing that you know nothing." And maybe Abraham Lincoln's approach would also be useful to opening a wider discourse of opposing or alternative views for better decisions. Lincoln recognized that all of us have our limitations; so he sought the insights, company and advice of seven or eight folks smarter than himself. Hmm. Maybe even an academic or two?

Marc, we fully recognize and believe that you are entitled to your opinions regarding all these useless academics  - but then again, what do we know?

Dr Peter G Kinesa
September 26, 2013  

Our Humble Academic Bonehead Team   

              

  

ACTS OF GOD...Climate Graphs

These graphs at the very least are disturbing - at worst, they paint a dismal picture of the prospects for the human condition and related species in the years ahead. Can we say that they reflect a direct relationship to our industrialization, pollution, unbridled growth policies and overpopulation of the planet in the last 250 year? No we don't believe that the evidence can distinguish between acts of man or God. The planet does go through swings in climate as evidenced by geological and other forms of scientific evidence - so we may argue that this is just the normal cycles of nature playing havoc with the grand designs of human policy and activity. 

On the other hand, there are just too many correlations that lead one to believe that nature is not just acting on its own accord. We probably have something to do with the trends. Trends that need to be counter acted in some way, before it's too late, regardless of weather (sic) they result from acts of man or God or both. In any case, it will require the acts of man to stabilize or reverse these trends, otherwise the circumstances of the planet will not support the life forms of its current inhabitants. 

We fear however, that the line to buy the inconvenient truths will remain short, as it fights with the inertia of years of economic growth, devolpment and a supporting cast of fairy tales. So be it!

Dr Peter G Kinesa
July 20, 2013

MAN, GOD, or ...

Marc Faber - US is in 50-100 trillion worth of Debt!

Marc Faber - US is in 50-100 trillion worth of Debt!

(Click Above)

This is exactly what I said two days ago - is Marc reading our posts? - You betcha he is. 

Anyway whether its Faber, Gross or Kinesa making this somewhat obvious statement of fact, the main point I believe that needs to be emphasized, is the value of the liability in physical terms. Using OIL as a surrogate for dollars, there is 1.200 trillion known barrels of reserves, globally. Using $90 a barrel as the unit value, then the  total reserves equates to nearly $108 trillion. Meaning to repay all the US'$s debts today, would require the use of nearly all physical global oil reserves,;this does not include provisions for any interest carrying charges,increased demand or new debt. 

Now you can see the big problem we got  here. What's left over to run the economy now and tomorrow, once all this US debt is repaid. NOTHING. Moving to another planet is not a solution, nor should we expect a Santa Claus magic invention to save the day. This is not a movie. Thus, we can either make drastic cuts in demand -even 2% a year compounded could get us there - or we face a future, where global hostilities and unrest will dominate every waking moment.

Sleep and anti-depressent drugs offer  counter market opportunities.

Dr Peter G Kinesa
March 3, 2013  

US Debt Repayment - A Staggering Physical Need

#NAURU - MY 2013 VACATION PICTURES

#NAURU - MY 2013 VACATION PICTURES

Dearest Friends,

In early February, I finally got a week off and had the opportunity to fly back to visit my old Alma mater, the world famous Nauru School of Keynesian Economics. Named, of course, after one of its most famous students and, founded by Adam Smith, long before his tenure in Scotland. Many of the world's leading Keynesian Economists, and Economic Nobel Prize Winners, have passed through its arches of higher(sic) learning

Anyway, here's me on the beach with a few of my co-ed friends and colleagues, enjoying the refreshing weather and tropical views. Also, there is a photo shot of my good friend from school, Dr Nigel Tapatughamans, fishing on the beach  - who for years was the country's leading Keynesian Economist; and was also once considered for a Nobel Prize, when Nauru was a working miracle. Indeed, not so long ago, Nauru had the highest income and wealth per capita in the world.

Seriously, there is a very important message here that should not escape raw wisdoms.The economic history of Nauru is a lesson of utmost meaning, for it foreshadows the fate of the larger planet that continues to apply insane Keynesian Economic ideas, despite real physical and mathematical constraints. Just Nuts -   

Watch some of these videos below, they should be a mandatory part of  curriculum's in all schools of business and economics. Better yet; all schools. As it demonstrates, in no uncertain terms, where the human enterprise is headed globally, should it continue along the conventional economic path. However, in all likelihood it may not even attain the simple paradise of Nauru; as geo-political tensions could interrupt even this tranquil destination.

So please, please take the time to view one or more of these videos and explore further how one small nation magnifies the trajectory of the human condition  should we continue to foolishly believe and practice the same old theories that many of us learned at Nauru's World-Famous "School of Keynesian Economics" 

BUT MORE IMPORTANTLY,  pass, tweet, share, post and show this video archive to as many friends, families, colleagues, strangers and foes as you can. So that they too, may join a larger awakening and understanding, of where all this Keynesian economics and unbridled consumptive growth leads us. 

For these are certainly not the stairways to heaven that we have all bought into...

All the Very Best,

Dr. Peter G Kinesa

February 17, 2013 

P.S. This histroric post was actually the first ever blogged by First Financial Insights,(May 27, 2011) defining a theme that focuses on an economic reality inclusive of physics and exponential mathematics: not hypothetical abstractions built within subjective contexts - with the clear view of avoiding the outcomes of Nauru and Easter Island - with the clear view of sustaining the human enterprise for as long as possible - with the clear view of avoiding the premature human extinction, that Keynesian Economics will ultimately lead us to. 

And then you judge, as we let the facts and numbers speak for themselves. 

Mother Earth asks us one simple thing:

PLEASE STAND BY ME...  

Beautiful Vacation

 Spot

Great Tropical 

             

   Beaches    

  Nauru 

      
    When we run out of….OIL?

  there’s Tourism and Fishing

                 

And       

    VISIT NAURU TODAY

     EXPERIENCE LIFE WITHOUT RESOURCES

   REMEMBER WHEN!

First Financial Insights

http://www.ffi.yolasite.com/

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@FirstFinInsight

Ó Materials subject to copyright First Financial Insights Inc, 2011

WATCH THESE VIDEOS AND PASS IT ALONG...LET THEM KNOW!