Marc Faber: Buy Real Estate To Protect Yourself Against Wealth Destruction

Marc Faber is interviewed on Yahoo Finance on the 9th of April 2012 where he explains that home prices in the south of the U.S., in Arizona, Georgia, Nevada and so fourth, are relatively inexpensive compared to other asset prices and recommend people to buy real estate to protect themselves - or as he puts it: "lose the least" - against massive wealth destruction when that happens. He further explains that he does not know when the collapse will happen, maybe when the Dow Jones is at 20,000, 100 millions or 100 billions depending on how much money Mr. Bernanke is ready to print.

He does not recommend buying real estate builder stocks however, as those have increased a lot recently and are likely to correct.

Kyle Bass: Currency Crisis Coming in 3 to 5 Years

Kyle Bass 1 hour interview with AmeriCatalyst 2011 oin November 2011 on his view on the world today. That's very informative, even though it's rather depressing.

Interesting points including:

• Greece is bankrupt, a full mark down is required
• Western Economies will fail: Europe first, then Japan, then the USA.
• Japan has serious debt problems, most people will lose a third of their savings.
• Investors still don't want to accept reality
• PE are low, because E is too high and it will come down.
• We either take pain now, or we take apocalyptic pain later.
• Central banks will probably just print money and destroy the currencies.
• The US (government) has the same people who brought up in this mess, to fix the mess. It makes the US a laughing stock.

Click on the link to view. (no embed available)
http://www.youtube.com/watch?v=5V3kpKzd-Yw