 The great masses of the people will more easily fall victim to a big lie than to a small one. Adolf Hitler Mein Kampf |
| The personification of the devil as the symbol of all evil assumes the living shape of the Jew. Adolf Hitler Mein Kampf |
| Was there any form of filth or profligacy, particularly in cultural life, without at least one Jew involved in it? If you cut even cautiously into such an abscess, you found, like a maggot in a rotting body, often dazzled by the sudden light – a kike! Adolf Hitler Mein Kampf |
| I believe that I am acting in accordance with the will of the Almighty Creator: by defending myself against the Jew, I am fighting for the work of the Lord. Adolf Hitler Mein Kampf |
| The broad masses of a population are more amenable to the appeal of rhetoric than to any other force. Adolf Hitler Mein Kampf |
| The [Nazi party] should not become a constable of public opinion, but must dominate it. It must not become a servant of the masses, but their master! Adolf Hitler Mein Kampf |
| There must be no majority decisions, but only responsible persons, and the word ‘council’ must be restored to its original meaning. Surely every man will have advisers by his side, but the decision will be made by one man. Adolf Hitler Mein Kampf |
| Never forget that the most sacred right on this earth is man’s right to have the earth to till with his own hands, the most sacred sacrifice the blood that a man sheds for this earth…. Adolf Hitler Mein Kampf |
| Those who want to live, let them fight, and those who do not want to fight in this world of eternal struggle do not deserve to live. Adolf Hitler Mein Kampf |
| In actual fact the pacifistic-humane idea is perfectly all right perhaps when the highest type of man has previously conquered and subjected the world to an extent that makes him the sole ruler of this earth… Therefore, first struggle and then perhaps pacifism. Adolf Hitler Mein Kampf |
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rssAbu Dhabi Lecture: Short Summary
He began by explaining why extreme deflation scenarios are extremely unlikely under the Bernanke Fed, comparing the Fed chairman’s commitment to an anti-deflation strategy to Hitler’s Mein Kampf, a book that also clearly stated a policy program in advance but was not widely believed until it was too late.
Likewise Dr Faber believes Mr. Bernanke is committed to printing money and will in any case have very little choice because of entitlements and the US constitution. Thus he could see the S&P 500 dropping back from current levels to say 950 in this autumn but by then Fed monetary policy would be strongly inflationary and bring the market back up.
Dr Faber pointed out that with the US so deep in debt the Fed thinks it cannot allow asset prices to drop below a certain point because that would devastate the balance sheets of the banks with debt deflation. But he thinks in the long run this is just rolling up another crisis for the future that will destroy the US dollar and cause an even bigger financial crisis.
Declaring himself the ‘most pessimistic of forecasters, nobody is more pessimistic than me’ Dr Faber outlined a scenario in which the dollar has to be replaced by another unit after a future inflation, and holders of cash and bonds lose virtually everything in the process.