Saturday Enjoyment - Faber: ‘Massive Wealth Destruction’ Coming, Well-to-Do ‘May Lose 50%’

When I was a reporter at the World Knowledge Forum in 2010 in Seoul, South Korea, I was assigned to Marc Faber's talk there. It was fascinating stuff. In any event, here are some things that he has recently predicted - just some little tidbits for you to enjoy on this relaxing Saturday afternoon.

Even scarier, Faber's predictions aren't nearly as terrifying as Robert Wiedemer's, who is also mentioned in the article.

These are some highlights from Wiedemer, who, along with a team of economists, in 2006 "foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending:"

- Wiedemer says, 'The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.'

- The country’s financial 'rescue' devised in Washington has failed miserably.

-  Quantitative easing is something he blames, and said this about Bernanke, his 'money from heaven will be the path to hell.' (He doesn't let Greenspan of the hook either).

Eh, there's probably nothing to worry about. So, enjoy the rest of your weekend! Everything is just fine.