Marc Faber: future generation to be poorer than parents; wealth taxes

TreasureHunter

TreasureHunter

Well-Known Member
A recent video with Marc Faber:

[youtube]http://www.youtube.com/watch?v=u5xG9n-HGnw[/youtube]

As scary as it sounds, it's plausible.

Interest rates are very low, in some cases negative. Wealth taxes are increasingly frequent.

I wonder what Depardieu is doing in Russia now. Is hi counting his devalued roubles somewhere in a Moscow luxury villa?
 
Interview with Mr Sovereignman

here

We talked about the distinct possibility of wealth taxes and capital controls, which in many respect are already with us.

The ongoing and dangerously escalating war on cash is nothing more than a form of capital controls a despicable tactic to trap people's savings in an failing system.
Click to expand...
 
House said:
Interview with Mr Sovereignman

here

We talked about the distinct possibility of wealth taxes and capital controls, which in many respect are already with us.

The ongoing and dangerously escalating war on cash is nothing more than a form of capital controls a despicable tactic to trap people's savings in an failing system.
Click to expand...
Click to expand...

Another quote:
When you consider all the different risks out there, it's incredibly foolish to keep everything you've worked for, and everything you'll achieve in the future, in the hands of a desperate, bankrupt government.
Click to expand...
 
His response to the question about whether new wealth from China and elsewhere would move to America was interesting. His answer was that most is being used to buy assets in Canada and Australia.
 
SilverPete said:
His response to the question about whether new wealth from China and elsewhere would move to America was interesting. His answer was that most is being used to buy assets in Canada and Australia.
Click to expand...

Could this bring increasing security to Australia, as more Chinese wealth is invested here, would that mean that the risk of military aggression by the Chinese State against Australia be lessened? Is there any data supporting this historically in other countries?
 
I would be interested to swap some stack to a Chinese investor, in the future, so yes, would like to think secure !
:)
a "stack for a deed deal" !
 
mmm....shiney! said:
SilverPete said:
His response to the question about whether new wealth from China and elsewhere would move to America was interesting. His answer was that most is being used to buy assets in Canada and Australia.
Click to expand...

Could this bring increasing security to Australia, as more Chinese wealth is invested here, would that mean that the risk of military aggression by the Chinese State against Australia be lessened? Is there any data supporting this historically in other countries?
Click to expand...
Interesting question. In geopolitics we're a US vassal, so if a serious war begins I'd move out of Darwin.
 
mmm....shiney! said:
SilverPete said:
His response to the question about whether new wealth from China and elsewhere would move to America was interesting. His answer was that most is being used to buy assets in Canada and Australia.
Click to expand...

Could this bring increasing security to Australia, as more Chinese wealth is invested here, would that mean that the risk of military aggression by the Chinese State against Australia be lessened? Is there any data supporting this historically in other countries?
Click to expand...
I think it was Bastiat who said that when goods can't cross borders, soldiers will (or similar).
JulieW said:
Interesting question. In geopolitics we're a US vassal, so if a serious war begins I'd move out of Darwin.
Click to expand...
Disagree. I'd say we're an ally and a suck-up.
 
Lets hope the new rules and regulations send the Chinese in the opposite direction.

Although i dont think the new levies will discourage them much because they're all very rich and can afford to pay the extra levies on RE.

Going to be interesting to see how many Chinese do actually invest in OZ RE over next few years???
 
It has been demonstrated time and time again that overall Chinese (or foreign for that matter) investment in Australian Real Estate is minimal when looking at the broad market.
It is significant when looking at brand new RE though, especially inner city/high rise apartments in capital cities (Sydney & Melbourne mainly), so just stay clear from that and avoid all the competition from foreign buyers. Sounds simple enough to me!
Not to be mistaken with Chinese looking aussies who are aussies.
 
Phiber said:
It has been demonstrated time and time again that overall Chinese (or foreign for that matter) investment in Australian Real Estate is minimal when looking at the broad market.
It is significant when looking at brand new RE though, especially inner city/high rise apartments in capital cities (Sydney & Melbourne mainly), so just stay clear from that and avoid all the competition from foreign buyers. Sounds simple enough to me!
Not to be mistaken with Chinese looking aussies who are aussies.
Click to expand...

Ye thats some good advise Phiber....STay clear of the inner city apartmnets where the competition is and find something in the outer suburbs for much less.

Although even the outer suburbs prices are climbing higher as we speak.

Travel to and from work is a major consideration that needs to be calculated wether its by car or public transport.
 
Sorry the video got deleted from YouTube since I posted... but the title was suggestive and pretty much everyone knows why it will be that way.
 
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