?The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don?t want to own government bonds and cash. Equities don?t do well, but at least you still have the ownership of companies. Precious metals do well in that environment, and so does oil,? said Mark Faber, publisher of the Gloom, Boom, and Doom Report.
?This is about how long grandpa will work and grandma will live,? said CNBC commentator Steve Leesman about the debt crisis.
?The bond market in Europe will be facing episodic crisis for the next ten years,? said Bob Browne, CIO at North Trust.
?Lacking standards, managements are tempted to shoot the arrow of performance, and then paint the bull?s eye around wherever it lands,? ? said ?Oracle of Omaha?, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.
?A house can be a nightmare if the buyer?s eyes are bigger than his wallet and if a lender ?often protected by a government guarantee?facilitates his fantasy,? said Warren Buffet.
?Bankers will get away with whatever they can get away with?Our banking system is socially useless,? said an oversight body in the United Kingdom.
?Money will always flow towards opportunity, and there is an abundance of that in America?.America?s best days lie ahead? said ?Oracle of Omaha?, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.
?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
?Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn?t touch them if you pointed a gun to my head,? said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.
?Unfortunately, the guys who regulate are always regulating last year?s game,? said Mario Gabelli, CEO of Gabelli Asset Management.
