Marc Faber Responds To Racism Accusations

Marc Faber Responds To Racism Accusations

Having been forced off the boards of Sprott, NovaGold, and Ivanhoe mines and excommunicated from mainstream business media following his comments earlier in the week, Gloom, Boom, & Doom Report writer Marc Faber responds to his racism allegations…

“I have been labeled by the mainstream media as a racist – I don’t think this corresponds at all with reality.

I wrote a report about capitalism and socialism and about private property rights, and I also wrote about the tendency nowadays to want to rewrite history.

In the US they are trying to tear down statues of people who had a different view from other people at the time… they also tried to tear down statues of Columbus..

I think that when you have civilization, when you have culture, you should remember your past.

Our past – the white man – has certainly not been glorious, it’s been very cruel with the periods of imperialism and colonialism being very cruel.

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Marc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat

FYI.

Marc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat:

Update: as previewed earlier, Sprott announced that at the request of the Board of Directors and Sprott management, Marc Faber has resigned as a director of the Company effective immediately.

“The recent comments by Dr. Faber are deeply disappointing and are completely contradictory with the views of Sprott and its employees,” said Peter Grosskopf, CEO of Sprott. “We pride ourselves on being a diverse organization and comments and behavior of this sort will neither be condoned nor tolerated. We are committed to providing an inclusive workplace for all of our employees and we extend the same respect to our clients and investors.”

Separately, both CNBC and Fox Business Network, cable channels where he had appeared in the past, said they won’t invite him on in the future.

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Marc “Dr. Doom” Faber is in trouble, only this time it’s not for yet another doomsday forecast which hasn’t come true, but for launching into a racially charged diatribe telling subscribers to his newsletter that he was glad that “white people populated America, and not the blacks.”

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Dr. Doom (Marc Faber) Warns Of Stock Market Selloff ‘Avalanche’

Dr. Doom warns of stock market selloff ‘avalanche’ :

Marc Faber, known as ‘Dr. Doom’ for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment.

The Swiss investor doesn’t expect the rally’s disruption to be evoked by any catalyst, as the markets are overbought and sentiment is way too bullish for the so-called Trump rally to continue.

“Very simply, the market starts to go down. As it goes down, it will start triggering selling, and then it will be like an avalanche. I would underweight US stocks,” Faber said in an interview with CNBC.

This bearish forecast is not tied to President Donald Trump, according to Faber.

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Dow 100,000? Marc Faber Warns: Central Banks “Will Monetize Everything… Introduce Socialism”

Dow 100,000? Marc Faber Warns: Central Banks “Will Monetize Everything… Introduce Socialism”:

“…the madness in the present time may go on. In a manipulated market, it won’t end well… They could essentially monetize everything, and then you have state ownership. And through the central banking system, you introduce socialism and communism, which is state ownership of production and consumption. You would have that, yes, that they can do…I don’t think the central bankers are intelligent and smart enough to understand the consequences of their monetary policies at present.”

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Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

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Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks:

Volatility is the name of the game. Stocks are acting up, but standing strong. Oil is propelling higher and the US dollar is falling. Turmoil around the world has never been higher and an ominous shadow is lurking in the background, ready to strike.

The situation that we now face is ultimately going to end in a collapse of epic proportion. The financial world is now a ticking bomb that is just waiting to explode – I know this, you know this and even if the masses don’t, they can feel it in their bones.

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Nassim Taleb Warns the Biggest Black Swan Event Of All Is Coming (Video)

Continue to prepare for collapse.

99% of the people will get totally destroyed financially.

“By failing to prepare, you are preparing to fail.”
-Benjamin Franklin


Aug 13, 2016

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The Global Financial System Is Here - Collapse

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Marc Faber’s “Worst Fear” Is Hillary Clinton Becoming President

Marc Faber’s “Worst Fear” Is Hillary Clinton Becoming President:

The worst fear I have is that Mrs. Hillary Clinton will become president. That is my worst fear. I would vote for anyone in the world before I would choose Hillary Clinton. She’s dishonest, she’s a liar and she has deceived people…”

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China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns

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“We had a hard landing in the stock market already. We had a hard landing in commodities. [So yes], we could have a hard landing in the economy. China has a colossal credit bubble and no one knows how it’s going to unwind.”


China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns:

A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year.

The US is “already in a recession,” the incorrigible doomsayer said.

Stocks will head lower in 2016, Faber continued, taking the opportunity to mock the sellside penguin brigade for adopting a universally bullish take on markets going forward. “Well, I don’t think that the U.S. will continue to increase interest rates,” he concluded, before predicting what we’ve been saying for years, namely that in the end, the Fed may be forced to do an embarrassing about-face and return to ZIRP and eventually to QE. “In fact, given the weakness in the global economy and the deceleration of growth in the U.S., I would imagine that by next year the Fed will cut rates once again and launch QE4.” 

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Marc Faber Fears No Soft-Landing Of China’s “Credit Bubble Of Epic Proportions”

Marc Faber Fears No Soft-Landing Of China’s “Credit Bubble Of Epic Proportions”

“Investors should (and most don’t) realize China is a credit bubble of epic proportions,” warns an anxious Marc Faber during a brief Bloomberg TV interview. “China is not just a country, it’s an empire,” Faber adds, and warns that while some sectors may have growth (“just ask Yum Brands” he jokes), “but other very important sectors like industrial production aren’t  growing at the present time.” In fact, Faber warns “I don’t think China’s economy is growing at all,” and while policy-makers may be able to “cushion the downturn somewhat,” he warns that achieving any soft-landing will be “very difficult,” even as he expects China to continue devaluing the Yuan.

 

 

Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term “Sliding Slope Of Hope”

Marc Faber Fears Sudden 1987-Like Crash Or Longer-Term “Sliding Slope Of Hope”:

Sometimes less is more (less good data is moar good for stocks) and in the case of Marc Faber’s recent appearance on Bloomberg’s “What’d You Miss”, 66 seconds of honesty was all that the hosts could take.

The Gloom, Boom & Doom report editor notes “we have had a meaningful decline in many stocks already,” and warns it is far from over as market face two possibilities of “longer-term unattractiveness”: “a 1987-style collapse,” or a 1973-74-style slow “sliding slope of hope.”

Marc Faber: ‘It’s A Tipping Point’ – ‘There Are No Safe Assets Anymore’ – ‘Focus On Precious Metals’

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“It’s A Tipping Point” Marc Faber Warns “There Are No Safe Assets Anymore”  (ZeroHedge, Sept 2, 2015):

Markets have “reached some kind of a tipping point,” warns Marc Faber in this brief Bloomberg TV interview. Simply put, he explains, “because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks – there is no safe asset anymore.” The purchasing power of money is going down, and Faber “would rather focus on precious metals because they do not depend on the industrial demand as much as base metals or industrial commodities,” as it’s now “obvious that the Chinese economy is growing at nowhere near what the Ministry of Truth is publishing.”

Faber explains more… “I have to laugh when someone like you tries to lecture me what creates prosperity”

Some key exceprts…

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Marc Faber: The Global Economy Is Entering An Epic Slump (Video)

Click the play button below to listen to Chris’ interview with Marc Faber (37m:21s)

Marc Faber: The Global Economy Is Entering An Epic Slump (PeakProsperity, Aug 23, 2015):

Famed investor and author of the Gloom, Doom, Boom Report, Marc Faber, returns to the podcast this week to discuss the slowdown in the global economy, signs of which he claims are multiplying fast all around the world.

He predicts the next year is going to be an especially bruising one for investors, and recommends a combination of diversification and defense for those with financial capital to protect:

I do not believe that the global economy is healing. I believe that the global economy is heading into a slump once again.

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“They’ll Blame Physical Gold Holders For The Failure Of Monetary Policies” Marc Faber Explains Everything

“The future is unknown and we are not dealing with markets that are free markets anymore…now we have government interventions everywhere. [But] in the last say twelve months, I have observed an increasing number of academics who are questioning monetary policies. That’s why I think they will take the gold away and go back to some gold standard by revaluing the gold say from now $1000/oz to say $10,000 dollars. An individual should definitely own some physical gold. The bigger question is where should he store it? because… the failure of monetary policies will not be admitted by the professors that are at central banks, they will then go and blame someone else for it and then an easy target would be to blame it on people that own physical gold because – they can argue – well these are the ones that do take money out of circulation and then the velocity of money goes down – we have to take it away from them… That has happened in 1933 in the US.”

Related info:

What Gold Nationalization Really Means

Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’

On This Day In 1933

The Day The Government Seized Americans’ Gold – April 5th 1933


marc-faber
Dr Marc Faber was born in Zurich, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Dr Faber publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW’S GOLD – Asia’s Age of Discovery”.

“They’ll Blame Physical Gold Holders For The Failure Of Monetary Policies” Marc Faber Explains Everything (Marcopolis, Aug 7, 2015):

Interview with Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report’”

In this exclusive interview with Marcopolis.net Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in commodity prices.

On the bright side, he sees great economic potential in Vietnam. Also, the Iraqi stock market has good potential now that a deal with Iran has been reached. While mining stocks are extremely depressed we might see defaults before any meaningful recovery.

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In your 2002 book “Tomorrow’s gold” you identified two major investment themes: emerging markets along with commodities. That was a great call. As for commodities, they had a great run up until 2008. Then they crashed sharply along with everything else just to recover strongly into 2011. Since then they have acted weakly, and recently commodities even reached a 13-years low. Is this the end of the commodities-super-cycle, as some have claimed, or is it more like a correction?

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8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent

Related info:

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015 (Video)


Earth-Clock-Pocketwatch

8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent (Economic Collapse, Aug 4, 2015):

Will there be a financial collapse in the United States before the end of 2015?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis.  As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market.  I fully expect the next several months to be extremely chaotic, and I am far from alone.

The following are 8 financial experts that are warning that a great financial crisis is imminent…

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“Western Central Banks Have Set Us Up; You’ll Hear The Printing Presses From Mars” – “Gold Is A Must-Have Holding In This World.”

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“Western Central Banks Have Set Us Up; You’ll Hear The Printing Presses From Mars” (ZeroHedge, July 31, 2015):

As Marc Faber said at SocGen’s January conference, if he could short central banks directly he would do so, but gold is the next best thing; and despite it being sucked into the general commodity malaise, Albert Edwards says “Gold is a must-have holding in this world.”

Marc Faber: Financial System “Will Implode” … “Hold Precious Metals”

Ignore-Sinking

Financial System “Will Implode” … “Hold Precious Metals” – Faber (GoldCore, June 15, 2015):

– “Whole Financial System Will One Day Implode” – Marc Faber
– “I feel like I’m on the Titanic …”
– Arguing over the best assets akin to re-arranging deck chairs on Titanic
– Investors need escape plan and “safety boat”
– Forget Fed rate hike, Fed QE 4 is coming
– Diversify and hold “commodities, precious metals”

Marc Faber: ‘The U.S. Government Is A Laughing Stock Of The World’ (Sprott Money News Video)

I agree the with Marc Faber that the U.S. government will – again – try to take away the gold from the people, …

… which is one of the many reasons why I’ve told people to invest into silver, because I do not believe that they will try to take away your silver.

However, I do not agree with Marc Faber’s recommendation to store your gold in a vault in Singapore or Switzerland.

Related info:

Secret Document: EU Plans To Forcibly Open All Safe Deposit Boxes

The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

States Seize Citizens’ Safe Deposit Boxes To Balance Their Budgets (ABC News Video)

US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System

Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’



Dec 22, 2014

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It

Related info:

The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling:

“There is a war coming in Europe,” he said. “Do you really think this matters?”


Top Financial Experts Say World War 3 Is Coming … Unless We Stop It (Washington’s Blog, July 30, 2014):

Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

Paul Craig Roberts – former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist – wrote an article yesterday about the build up of hostilities between the U.S. and Russia titled, simply: “War Is Coming”.  In the article, Roberts notes:

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