Marc Faber

Ger sap viitoare va vota daca accepta euro bond à political decision

European banks need a massive recapitalisation 
Europeans are skeptical about Kensyan intervention

Grecia is bankrupt, very big mistake to save it à it cost much to postpone

Euro -> has future: either only with strong countries or without ger

Chinese buys euro because they need another currency, they bought which was thrown

Bond rally started in 1981, which ended in 2008,

We are about to the low of interest 
Interest things can go up quick big, in 10 years, these cycles are big

Bearish in financial service, employment in banks à decrease by 30%

Diversification:
25-30% equities – E
25% gold – in 6 months it will go down. Gold not surprise to go 1600. 
Cash & bonds
25% - real estate

Gold rallied from 1600 to 1900, at the same time when treasuries bond rallied, TLT 20 bond, 19.5 to 20, bond and gold went down in the same time. It's a paradox because bond is for deflation and gold for inflation à there are people who said both things

EM: Singapore, Hong kong, Taiwan, S Korea, à outperform US
India

The tensions between India and China are increasing, Pakistan unrest, so it's risky now.

The history of interest rate
Sydney homer