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Marc Faber's Most Provocative Interview Ever: Compares Obama To A Prostitute, Goes Long Treasurys

Tyler Durden's picture




 

Earlier, Marc Faber appeared on Bloomberg TV, in what may go down in history as his most scandalous interview ever. When asked, in advance of the SOTU address, what he thinks of the president, Faber, who appears to have had enough with all the bullshit, propaganda, and lies, replies: "I think he's done a horrible job and I think that will continue, I think he is a dishonest person, and nothing has changed... Some politicians are more honest than others. I don't think that I have a very high regard for politicians, I have a high regard for businessmen and for people who work, and not for people who abuse the system continuously. And in comparison to other politicians, I think he came in on a platform as a president that would want to change the government in Washington, and actually he's made it worse... We foreigners, we just laugh at someone like Mr. Obama. I was very critical of Mr. Bush, but at least he had one line and he stuck to that line, and at least he set out to do a thing and he was relatively straight on the thing that he did. He may have been wrong, but at least he didn't change his mind continuously, and didn't prostitute himself." If nothing else, how many other people do you know who will compare, in front of a live Bloomberg audience, the president of the formerly greatest country in the world to a whore?

As for what Faber thinks the real state of the union address should be, he says:

"I think what should happen in the US is for the president to tell the US, you have to tighten your belts. 'We have to go through hard times for 5 years to repair the damage that was committed over 20-25 years by the Federal Reserve, by the Treasury, by the politicians, and somebody has to tell the truth. But the politicians keep on fueling the illusion that you can spend yourself out of the misery, and that by printing money you will improve the economy, which is not the case."

On the topic of the Fed and relative performance:

You don't know. Maybe [Bernanke] will resign. After he sees the disaster he has created he may resign. Or he may be disposed, who knows. But all i want to say is in terms of investments we have a very interesting situation, because from the March lows, the EM universe has performed fantastically well, and industrial commodities have done fantastically well, and the US has underperformed everything. And now we have a change: the US may outperform, it may not go up, but may go down less than emerging markets.

On his latest opinion on Treasurys

In the long-run, for sure US Treasurys and most government bonds are a suicidal investment. But as a shorter-term timeframe, and I think for the next three months or so, I think we have a situation where stock markets have become very overbought, and emerging markets in January, most of them failed to make new highs above the November, December highs, and recently some of them have sold off very considerably, plus the Chinese market is giving you a signal that something is not right in the Chinese economy, because it is going down. For the next three months you have to shift out of the Emerging Markets, they may correct 20-30%, out of industrial commodities, on a relative basis. And I think the sentiment, just recently, was overly optimistic on the reflation trade, and overly negative about treasury bonds, so treasury bonds right now are oversold, and as of tonight I got the buy signal on US Treasurys. I think Treasury are the best place for the next 3 months, as is the US dollar. I think a correction is coming in the range of 10% in the S&P and 20-30% in the emerging markets.

On all the current batch of Davos participants:

I dont think the 'thinkers' are in Davos. I think it's a group of liars, and people that go along with the system, and perpetuate fraud and abuse, and dubious practices in the financial system.

As for what he thinks of Keynesianism, and gold, well, we'll just let you hear that for yourselves.

 

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Tue, 01/25/2011 - 21:03 | 904551 sellstop
sellstop's picture

I wonder if Faber is losing money lately.

 

gh

Tue, 01/25/2011 - 21:05 | 904557 NOTW777
NOTW777's picture

 r u wearing obama pajamas

Tue, 01/25/2011 - 22:51 | 904873 Haywood Jablowme
Haywood Jablowme's picture

 

Obama will go down as probably the worst president in US history.  Worst than Carter.  Worse than Woodrow Wilson who sold out to the banking cartel and got their fed ball rolling.

The elitists are laughing their cashmere socks off seeing how they made the first "black" US President their little water boy. 

Ahhhhhh.... 

Gotta love seeing these videos on days such as this.  Look at all the fucking idiots....so eager to "believe" and throw all their trust in someone they know nothing about instead of taking a little time to educate themselves to determine who's behind the curtain.

http://www.youtube.com/watch?v=P36x8rTb3jI

http://www.youtube.com/watch?v=jJfGx4G8tjo

I applaud you, the world's banking elite, for such brilliant and calculated moves.  You are truly a worthy adversary.

Extend the NFL season.  Flip through your xfinity channels with the touch of your iPad.  32 million on food stamps.  Breads & circuses.  Breads & circuses.  Encore!

Yes Miss Daisy.  Yes'm.

Bravo Mr. Faber!  Bravo!

 

 

Tue, 01/25/2011 - 23:16 | 905070 Stuck on Zero
Stuck on Zero's picture

I haven unbroken track record in this regard.   I've been saying every four years, since Kennedy  was in office, that next President can't be as bad as the current President.  I've been wrong every time.

Wed, 01/26/2011 - 00:23 | 905241 GoinFawr
GoinFawr's picture

You all should have voted for Ralph Nader while you had the chance(s)... what? Like you say: it's not like it could have been worse.

Wed, 01/26/2011 - 00:24 | 905245 LowProfile
LowProfile's picture

Oh yeah, because a top down Socialist government for a country as diverse as the USA is clearly the solution...

WTF?!

Wed, 01/26/2011 - 00:59 | 905310 GoinFawr
Wed, 01/26/2011 - 01:10 | 905333 Rusty Shorts
Wed, 01/26/2011 - 02:43 | 905437 GoinFawr
GoinFawr's picture

"If you're figurin' on...on trying to take away my cave and all my supplies...well think again; it's mine: I have a receipt..."

Priceless!

So Hard Done By.

http://www.youtube.com/watch?v=lVuDTxvHK3k

Regards

 

Wed, 01/26/2011 - 04:04 | 905499 Rusty Shorts
Rusty Shorts's picture

Let me get back to where I come from., Been a long time.

http://www.youtube.com/watch?v=owmrpWyTdxQ

 

Wed, 01/26/2011 - 04:22 | 905509 Hephasteus
Wed, 01/26/2011 - 04:53 | 905525 Rusty Shorts
Wed, 01/26/2011 - 05:47 | 905545 Hephasteus
Wed, 01/26/2011 - 06:40 | 905559 ED
ED's picture

Well, thank God for that. Comparing a prostitute to Obama would have just been obcene

Wed, 01/26/2011 - 10:50 | 905928 FEDbuster
FEDbuster's picture

The prostitute works for a living, Obama is just a puppet reading scripts off the teleprompter.

Wed, 01/26/2011 - 04:26 | 905514 Rusty Shorts
Fri, 01/28/2011 - 17:58 | 914616 Titus
Titus's picture

+1

Wed, 01/26/2011 - 00:29 | 905255 wisefool
wisefool's picture

+1. We'd all be living in 30% less house,  but it was Chinese drywall anyway. abortion would be available at the McDonald's drive through. SUVs would be outlawed.

But on the plus side, Ralph would not have taken any shit from china or the TBTF including Government motors and their MAD union bosses. 

Wed, 01/26/2011 - 01:04 | 905280 GoinFawr
GoinFawr's picture

Not without some serious concessions, anyway.

@ LowProfile: 'Socialist'? <sigh> Hardly, mb by Ronald Raygun's "Socialism for the Wealthy" broken record standard; you need a new dictionary, that Webster's collegiate you're clinging to is getting a little dog-eared and is woefully out-dated. Welcome to the new millenium! (you're a few years late, unfortunately)

Ralph has 4 decades (count 'em!) of wins booked for mainstreet, kix the ass of your current anodyne's 'Hope For Spare Change' CV. Or the "Free for those who can afford it, very expensive for those who can't" Patriot Act crowd.

Mr. Nader has been doing his part to get the lead out of your water and into your plutocr... nm. Carry on tweeting the thrilling purchase of your next pair of Chinese made shoelaces while you pick up your shrunken dollar-fifty-nine menu burger.

Wed, 01/26/2011 - 01:04 | 905318 Calmyourself
Calmyourself's picture

The last substantial thing Ralph did,hmmm.. Oh yeah, he saved the world from the corvair.   Well gosh yeah lets make him POTUS.. Makes about as much sense as voting in a guy whoe refused and refuses to this day to release his college transcripts, oh wait we did that too.. Never mind..

Wed, 01/26/2011 - 01:14 | 905326 GoinFawr
GoinFawr's picture

Freedom of Information Act. Clean Drinking Water Act... do I really need to continue?

Makes a helluva lot more sense that voting in a B-grade actor, or a long line of little boys who like poking sticks in hornets' nests worldwide, IMHO.

Wed, 01/26/2011 - 01:22 | 905350 Calmyourself
Calmyourself's picture

Your right a community activist is just what we need.. Well one more at least.  Get real, leaders are required not some dude in a cheap suit pushing consumer protection laws.  Yep, a few things he advocated, never actually had to put his ass on the line and vote for were mildly helpful.  Make him POTUS as a result, lol..

Wed, 01/26/2011 - 02:57 | 905369 GoinFawr
GoinFawr's picture

I repeat: as opposed to...?

Perhaps you have some examples of these 'Great Leaders'. Stalin sure sounds like your kinda guy, he definitely 'got things done', though the suit was all military. Lloyd Blankfein would be your cup o' tea perhaps? He's got some glad rags. Yah that's definitely what America needs, another round of well-dressed plutocrats... accomplished 'activists' <snort> damn hippies.

Oop, I said 'Stalin'. Quick, someone play the misnomed 'Socialist' card.

Those wins Ralph has posted benefited/continue to benefit ALL Americans, not just your hometown 'community' of Seedsville.

Wed, 01/26/2011 - 11:34 | 906073 Calmyourself
Calmyourself's picture

 I don't like Ralph so ergo Stalin and Blankfein are my guys..  Rub some patchouli oil on the affected area (between your ears) and go away..

Wed, 01/26/2011 - 12:16 | 906175 GoinFawr
GoinFawr's picture

Seemed like natural fits considering your desire for ' great leaders' dressed in the height of fashion; you were complaining about Ralph's wardrobe, and concluded 'ergo' that that, combined with his ability to successfully lobby for legislation that has actually benefited mainstreet, would make him a bad POTUS.

See what I did there?

http://www.youtube.com/watch?v=ZO4cqJ5IGro

"What's that you  got on your face... see how that works?"

Wed, 01/26/2011 - 12:23 | 906246 Calmyourself
Calmyourself's picture

A slave plantation in your socialist mold seems like a natural fit for you.  Ralph is a dyed in the wool socialist which is perhaps fine for you not for me. Does not mean I want totalitarian despots, no matter your tortuous fallacies, you know that is the socialist dream not the conservative dream.  Self determination with a limited government is our dream not the top down nanny state of your nihilist end game.  Try reading Ralphs positions below from his interview in Socialism Today maybe that will clear the webs..

Wed, 01/26/2011 - 12:40 | 906308 GoinFawr
GoinFawr's picture

...for thick old soddy you.

Though I for one am certainly not holding my breath.

Wed, 01/26/2011 - 02:49 | 905447 midtowng
midtowng's picture

Most people that criticize Nader have no idea what he's actually done, and most of those people don't care to learn.

Wed, 01/26/2011 - 11:50 | 906100 Calmyourself
Calmyourself's picture

I feel sorry for you if you do not know more.  Here is an article from Socialism Today featuring Ralph that should get you right up to speed on Ralphie.

http://www.socialismtoday.org/50/nader.html

An excerpt:

"Thus he speaks of mobilising 'civic power' to redirect tax dollars to social needs. He advocates using state control of public lands (a third of US land) for the public interest, and taking control of $5 trillion of workers' pension funds to use in the interests of working people.

Nader advocates building more institutions "that allow us to band together vis-à-vis banks, insurance companies, HMOs [health maintenance organisations], cable companies, landlords, all of these can be done".

He envisages social change through "building new political power, new economic power, new media power, new civic power for all Americans; only by doing that are we going to turn around the headlong rush into systemic and institutionalised injustice shortchanging the lives of future generations and damaging the lives of present generations. This is why I am running". (Speech to the annual convention of the National Association for the Advancement of Colored People, Baltimore, 11 July)

 

 

This is a radical, populist message; it envisages social progress through the radical democratisation of capitalism."

Sound peachy, taking private pensions,using state land properly (WTH) and banding us together, common denominator time mmm, kumbaya baby, kumbaya.. Rub some patchouli right here Ralph.

Does Ralph dislike Kleptocratic corporatism, yes just as do I, our similarities end there.  The devil is in the details and I don't like his details that according to the dull socialist tool above apparently makes me a Stalin fan..

Wed, 01/26/2011 - 12:33 | 906269 GoinFawr
GoinFawr's picture

Appy polly logies if my being blunt hurt your delicate sensibilities. My suggestions for leaders fit the criteria you seem to value most. I admit it was conjecture based only on your short comments ignorantly denigrating Ralph.

 Congratz for going as far as you have in educating yourself! Your interpretation needs some work, mind you. Keep at it, you might get somewhere someday!

Lloyd B. in fancy dress is still not off the table as one of your favourites then?

Wed, 01/26/2011 - 12:42 | 906326 Calmyourself
Calmyourself's picture

Ha, hurt deeply..  No comment on the above typical leftist..  see ya.

Wed, 01/26/2011 - 13:27 | 906407 GoinFawr
GoinFawr's picture

There, there.

Good luck with your sociopathic "I'm all right so ef all the rest" religion!

You're gonna need it.

Thanks for the link though... hey wait a second, you 'shared' something of value; Godless Pinko Commie alert! Indeed, the Devil is in the details.

Can you say 'throwing the baby out with the bathwater'? I knew you could.

Wed, 01/26/2011 - 01:09 | 905330 Confused
Confused's picture

Don't forget voting in a recovering Alcoholic who found "god," and ran assorted businesses into the ground. So that makes a two mistakes back to back. Would it have hurt to take a gamble? 

 

The point is atleast Nader has some integrity. Sure we can laugh at him. But he didn't give up. And he was never bought (at least that we know). 

Wed, 01/26/2011 - 01:46 | 905351 GoinFawr
GoinFawr's picture

I've heard that some rabid Andrew Jackson worshippers foam at the mouth that the Patriot Acting Elephants have played the role of useful idiots and supported Ralph's Prez campaign because they thought it would "split the Dem's vote", but that is just a rumour. As if the Demoblicans are separate entities anyway.

Wed, 01/26/2011 - 01:26 | 905356 wisefool
wisefool's picture

The point is atleast Nader has some integrity. Sure we can laugh at him. But he didn't give up. And he was never bought (at least that we know). 

 

It was hilarious when he started talking about how important an established third party (any third party)  would be to the discourse of the county. You know what the Dems and Pubs did? They got the MSM to do a huge expose on "how can a supposed man of the people have a greedy net worth of $1,000,000?" Which was an accurate account of the assets of a 50+ year old man including his primary residence.

compare to Bush(s). clinton(s). gore(s). Edward(s). Kerry(s). Bob Dole and his wife that made over a million per year running the charity called the american red cross. Obama(s).

20 years later we got Ron Paul sponsoring debates on CSPAN for all minor parties across the spectrum. From Libertarian to Socialist.

Wed, 01/26/2011 - 01:49 | 905385 Confused
Confused's picture

And if I remember correctly, he was NOT allowed into the debates as a third party candidate, and physically removed by law enforcement. In fact he sued the federal government over it. Who knows how that ended......

Wed, 01/26/2011 - 01:58 | 905399 GoinFawr
GoinFawr's picture

America lost yet another opportunity but was too lazy to care.

Wed, 01/26/2011 - 10:15 | 905840 SheepDog-One
SheepDog-One's picture

Well, Confused, he DIDNT forget Bush! Did you read the article at all? Faber said while Bush sucked, at least he wasnt a total whore like Obama is.

Wed, 01/26/2011 - 01:06 | 905322 Confused
Confused's picture

Always amazes me how the older generation who has seen the fruits of Mr. Naders Labor wouldn't vote for him. But had no problem voting for Bush the first time around. He had done nothing of value for the public at that point (or since as it were). 

Wed, 01/26/2011 - 01:51 | 905389 GoinFawr
GoinFawr's picture

Indeud.

Wed, 01/26/2011 - 08:07 | 905605 Popo
Popo's picture

Bush was a complete disaster at everything he touched.  And then he became president.

If there are any doubts about the utter lack of meritocracy in the United States,  they were dispelled the moment he was elected.  George Bush is the gold standard for success which is both inherited and undeserved.

A nation without a meritocracy cannot be competitive.  Meritocracy lies very close to the core of capitalism. 

We have neither.

 

 

 

 

Wed, 01/26/2011 - 01:55 | 905395 LowProfile
LowProfile's picture

Hmm...  I never mentioned Reagan.

Straw men!

Set 'em up..!  Knock 'em down!

I want state's rights motherfucker, not a dictator of a different color.

Go fuck yourself!

Wed, 01/26/2011 - 13:21 | 905409 GoinFawr
GoinFawr's picture

Hey you're the one stuffing ideologies into Ralph's mouth and saying they're his, not me. Sorry, but that doesn't negate your problem with simple definitions. Your pre-secondary description of 'socialism' certainly sounds all Ronald Reagan to me. Maybe you'd better look up 'Straw Man' too while you're at it.

Right back atcha spooge rag!

Wed, 01/26/2011 - 07:44 | 905595 VaJim
VaJim's picture

I wonder if Ralph Nader is concerned for the welfare of people who buy a "Smartcar".  Let's see how someone with a Smartcar will fare in a 30 MPH head on with a Corvair.  A Smartcar makes a Corvair look like a Hummer.  

Wed, 01/26/2011 - 00:23 | 905242 LowProfile
LowProfile's picture

There is hope!

At the 1:25 mark, the anchor says:

...People that agree with what you say, at least our viewers, tend to be mostly Austrian...

Even ONE YEAR AGO, who would have thought a Bloomberg anchor would be making that sort of statement?!

Wed, 01/26/2011 - 01:52 | 905378 Dr. Sandi
Dr. Sandi's picture

He wasn't referring to the Austrian economic school. He was just noting that most of Bloomberg's paying clientele are Austrian nationals.

Many of them are quite ancient and living in a secret bunker with the 121 year-old Adolf Hitler, who's secretly running the world economy; and who is arguably correct in believing that his boys actually won WWII.

Wed, 01/26/2011 - 04:00 | 905497 cossack55
cossack55's picture

I think he meant that the ex-gov Schwartzennitwit is the only viewer.

Wed, 01/26/2011 - 10:17 | 905844 SheepDog-One
SheepDog-One's picture

Hmm yes him and my aunt Ernestine who are probably the only ones watching Bloomberg.

Wed, 01/26/2011 - 00:39 | 905278 rocker
rocker's picture

So far to date, last ten years, Faber has been right on. He was also correct on Bush. Without pause, he basically said, Bush was a man of direction and conviction. Suggesting that Bush knew exactly where he was taking us. Enough said.

Is it a wonder why Faber says to date. You will have to pry my gold from my hands.  The bill is still being payed. Hmmm.

Wed, 01/26/2011 - 02:46 | 905442 midtowng
midtowng's picture

Since Bush was taking us to Hell, then that suggests he was evil. I wouldn't give Bush that much credit.

Wed, 01/26/2011 - 03:04 | 905458 GoinFawr
GoinFawr's picture

Statement

---------------

"I wouldn't give Bush that much credit."

 

 

But would you go so far as to give him up to a country that wanted him for war crimes? (Too 2008?)

Wed, 01/26/2011 - 05:30 | 905541 Sudden Debt
Sudden Debt's picture

In the land of Hookers and Pimps, the one with the longest dick gets to be President!!

FUCKING EACH OTHER UP OVER AND OVER LOOKS LIKE A NATIONAL SPORT IN THE US!!!

 

If television is worth anything, it only shows that Americans love cheap sluts and criminals who threat woman like Hookers!!

AND YOU ALL LOVE IT!!

 

 

At least Faber is honest about it. Respect to the guy for telling.

 

And for the Europeans:

DON'T THINK I DEFEND MY OWN!!

WE ARE LAZY WINE DRINKERS X10!

IF WE WOULD EVER BE IN ANY WAR, I WOULD JUST LEAVE AND DON'T GIVE A SHIT!!

IT'S JUST NOT WORTH IT!

Wed, 01/26/2011 - 10:59 | 905945 Watauga
Watauga's picture

"Since" Kennedy or "Starting with" Kennedy (i.e., since Eisenhower)?

Wed, 01/26/2011 - 00:54 | 905305 johnnynaps
johnnynaps's picture

32 million was last year's number.....try 43 million and climbing!

Wed, 01/26/2011 - 02:44 | 905440 midtowng
midtowng's picture

Obama is bad, but Bush The Younger was a disaster that Obama couldn't even aspire to be. Bush was the worst president of this century, and that's saying something.

At least Carter was honest, if incompetent.

Wed, 01/26/2011 - 05:10 | 905531 CH1
CH1's picture

None of the above are worth defending, my friend. It's time to leave the Blue-Red thing behind.

It's "The State versus The Individual" And, really, it always was... we were just trained to see it differently.

Wed, 01/26/2011 - 07:13 | 905575 Pants McPants
Pants McPants's picture

If by this century (2000 - today), then yes, I agree Bush has been our worst president.  However Obama has at least 22 more months to go....and I wouldn't count him out yet, especially if he expands the wars and continues to meddle with the economy.

But last century?  Bush isn't even close to the worst.  He can't hold a candle to the likes of FDR, Wilson, and LBJ....to name a few.

 

Wed, 01/26/2011 - 08:44 | 905664 weinerdog43
weinerdog43's picture

Not to mention Raygun, Nixon, & Hoover.

Wed, 01/26/2011 - 10:51 | 905933 downrodeo
downrodeo's picture

Yeah, they pretty much all suck. The list of non-suck presidents is much shorter.

Wed, 01/26/2011 - 10:09 | 905833 grey7beard
grey7beard's picture

>> Obama is bad, but Bush The Younger was a disaster

I have to agree with this sentiment.  I expect partisanship to blind the common moron, but not someone of Faber's stature.  When I see partisanship swaying someones statements I tend to discount the ability of that person to give unbiased investment ideas.  Faber is just another partisan hack, nothing special.

>> At least Carter was honest, if incompetent. Carters main fault was he was to decent a man to be president, and the right has demonized hi8m ever since for his integrity.  If we had followed Carter's leadership we wouldn't be in the sorry state we're now in, but greed lead the way. Basically, we are getting what we deserve.
Wed, 01/26/2011 - 05:07 | 905529 CH1
CH1's picture

"32 million on food stamps."

No, Haywood, it is, at last count, 42 or 43 million!

Aside from that, I cannot disagree.

Wed, 01/26/2011 - 10:37 | 905885 cranky-old-geezer
cranky-old-geezer's picture

"The elitists are laughing their cashmere socks off seeing how they made the first "black" US President their little water boy."

"I applaud you, the world's banking elite, for such brilliant and calculated moves.  You are truly a worthy adversary."

This is why I don't believe bankster elites are crazy, ignorant, stupid, blind, etc, as many on ZH allege.

Quite the contrary.  They're very intelligent as they would have to be to take complete control of the American government like they have and carry on the biggest national (even worldwide?) looting binge in human history.  That's not stupidity.  It's pretty damn smart.

Some of the best minds are criminal minds unfortunately.

 

Wed, 01/26/2011 - 10:46 | 905913 fallst
fallst's picture

42 million on food stamps, not 32.

Wait, 43 Million on food stamps...

Wed, 01/26/2011 - 10:48 | 905924 fallst
fallst's picture

42 Million on food stamps, not 32.

Wait, 43 million now on food stamps.

Wed, 01/26/2011 - 10:38 | 905895 bonddude
bonddude's picture

And Faber knows pros.remember he said he moved to Thailand because they

had the best hos in a 1 hour presentation recently on ZH I think?

Here's Larry King Interviewing Hillary about sonoma bankster hos.

http://www.xtranormal.com/watch/8290775/

Wed, 01/26/2011 - 11:15 | 905999 NOTW777
NOTW777's picture

look at all the obama cult followers here

 

http://www.youtube.com/watch?v=hvrb7YqdvxE

Tue, 01/25/2011 - 21:52 | 904698 Dr. Dre
Dr. Dre's picture

following faber for a long time bro... his biggest trade has been gold.... up 45% last 12 months... doubt hes losing there.  He has a lot of Thai and other emerging market dividend payers though -- those suckas have not been as stable as the yellow metal...

he's no god though - self admittedly, his biggest folly was shorting nasdaq in late 1999 -- about 9 painful months too early... but that was then... 

Tue, 01/25/2011 - 23:47 | 905180 TruthInSunshine
TruthInSunshine's picture

Obama is the best puppet money can buy.

And that's saying A LOT in modern Amerika.

Wed, 01/26/2011 - 01:57 | 905397 Dr. Sandi
Dr. Sandi's picture

If that's the BEST puppet money can buy in Amerika, I suggest we start shopping at Wal-Mart. At least there, you know it's cheap crap when you buy it.

"Crap you can believe."

Wed, 01/26/2011 - 08:10 | 905608 Popo
Popo's picture

Faber's investments in the Thai stock exchange (SET) have been equally impressive. 

http://thaifinancialpost.com/2011/01/19/stock-exchange-thailand-soars/

He's now calling for a major pullback in EM markets, and so far for 2011 he's been right on that count as well -- despite today's small rally.

Thu, 01/27/2011 - 00:06 | 908421 Miles Kendig
Miles Kendig's picture

Even when there's pain the trade works far more often than it doesn't with Faber... Yep, gotta give props where they're due is the rule.  That's one of the primary reasons to listen to him.  Another is that he can be just funny as hell while he's spittin' it. 

I would just love to see someone interesting do an hour interview show with Marc Faber & Howard Davidowitz.  That !! would friggin' rock the house.

Wed, 01/26/2011 - 03:02 | 905457 thegr8whorebabylon
thegr8whorebabylon's picture

quit insulting whores Mark.

Tue, 01/25/2011 - 21:03 | 904552 Cognitive Dissonance
Cognitive Dissonance's picture

He may have been wrong, but at least he didn't change his mind continuously, and didn't prostitute himself."

At least Faber didn't accuse Obama of being a cross dressing prostitute. That would have been over the top.

BTW Marc, welcome to the DO NOT FLY LIST.

Tue, 01/25/2011 - 21:10 | 904573 Salinger
Salinger's picture

problem is you'll not know if its the the real Marc or replacement Mark when the time comes

Tue, 01/25/2011 - 21:13 | 904585 Things that go bump
Things that go bump's picture

All the best people are on it.

Wed, 01/26/2011 - 05:12 | 905533 CH1
CH1's picture

Yup, we're all enemies of the State now.

Tue, 01/25/2011 - 21:50 | 904673 Convolved Man
Convolved Man's picture

We prefer our President be referred to as a high priced Wall Street escort.

Wed, 01/26/2011 - 01:12 | 905336 Confused
Confused's picture

Normally I would agree with that last line. 

 

But since he is from a civilized country, he'll just fly Swiss Air, they don't make you take off your shoes while going through security. 

Wed, 01/26/2011 - 10:34 | 905881 Cognitive Dissonance
Cognitive Dissonance's picture

Maybe. But when he flies to the USA and then tries to leave, they will have him in a back room bent over a table for a full body cavity search.

Then they will tell him he can't fly.

Tue, 01/25/2011 - 21:03 | 904554 NOTW777
NOTW777's picture

if obama actually made such a stmt and followed up, I would support him

 

"I think what should happen in the US is for the president to tell the US, you have to tighten your belts. 'We have to go through hard times for 5 years to repair the damage that was committed over 20-25 years by the Federal Reserve, by the Treasury, by the politicians, and somebody has to tell the truth. But the politicians keep on fueling the illusion that you can spend yourself out of the misery, and that by printing money you will improve the economy, which is not the case."

Tue, 01/25/2011 - 21:14 | 904587 NOTW777
NOTW777's picture

who can take anything obamas says seriously? he has a track record of not stating the truth or following through

Wed, 01/26/2011 - 06:04 | 905547 Slow learner
Slow learner's picture

FUCK'EM

Tue, 01/25/2011 - 21:17 | 904591 Johnny Lawrence
Johnny Lawrence's picture

Same here.   I would support him in a heartbeat.

Wed, 01/26/2011 - 05:16 | 905535 CH1
CH1's picture

Seriously: I wouldn't.

Politicians will say anything that works. Truth is a non-issue. He could say that, and do so thoughtfully, with a tear running down his cheek.

Never forget: Government requires legitimacy. If that statement was required to get people in line behind the State, he'd do it... and the people who want desperately to believe would be chumped once again.

Really.

Tue, 01/25/2011 - 21:19 | 904592 GrouchoNotKarl
GrouchoNotKarl's picture

He would instantly be supported by me also, but that shit ain't happening.

Tue, 01/25/2011 - 21:57 | 904712 goodrich4bk
goodrich4bk's picture

I'd support the statement only if it added to the list all of the Wall Street banksters, mortgage broke-ers, ratings whores and lying borrowers.  The Fed helped fuel the debt, but they didn't create a penny of it.  And as for the Treasury, Bush borrowed $5 trillion to finance two useless wars and Farber thinks that's okay because at least Bush stuck to his ideas even after the facts changed.  I don't understand how $4 trillion of debt = whore but $5 trillion is just yesterday's bad judgment.

Wed, 01/26/2011 - 00:48 | 905291 Terminus C
Terminus C's picture

Not to defend Bush, or the two wars but...

$5 trillion over 8 years /= $4 trillion over two years

Wed, 01/26/2011 - 01:25 | 905353 Mark McGoldrick
Mark McGoldrick's picture

If you're going to waste time making stupid distinctions, be accurate about it.

Bush - 100% increase in national debt (~$6T - ~$12T), during times of supposed prosperity/growth and 2 Wars. 

Obama - 15% increase in national debt (~$12T - ~$14T), during an economic implosion of our country that rivals the Great Depression, and a totally insolvent banking system, plus the same 2 Wars. 

But, really....Bush/Obama - the distinction is meaningless. They are interchangeable pawns with 4 or 8 year life spans who protect the interests of the plutocratic kings and queens of this country.   

Wed, 01/26/2011 - 02:48 | 905446 perchprism
perchprism's picture

 

Blow me.

Wed, 01/26/2011 - 03:27 | 905464 GoinFawr
GoinFawr's picture

++

er: @ MM ie.

Wed, 01/26/2011 - 11:18 | 906010 NOTW777
NOTW777's picture

falsehoods like that will make you an obama speech writer

Wed, 01/26/2011 - 00:54 | 905303 agrotera
agrotera's picture

Even his biggest critics would support him if he did this and really followed through, instead of what we usually get which is lies.

Tue, 01/25/2011 - 21:04 | 904556 medicalstudent
medicalstudent's picture

vat i try to says is dat dee sysstem vill collahpse.

 

faber is the shit.

Tue, 01/25/2011 - 21:06 | 904559 NOTW777
NOTW777's picture

I dont think the 'thinkers' are in Davos. I think it's a group of liars, and people that go along with the system, and perpetuate fraud and abuse, and dubious practices in the financial system.

 

LOL classic

Tue, 01/25/2011 - 21:08 | 904565 Salinger
Salinger's picture

best interview - gave the play by play in an earlier thread

 

on a separate note

Google Comes Under Fire for 'Secret' Relationship with NSA

 

http://www.pcworld.com/article/217550/google_comes_under_fire_for_secret...

 

as if Google having any relationship with the NSA is a good thing Secret, Open or whatever

Tue, 01/25/2011 - 22:25 | 904827 Real Estate Geek
Real Estate Geek's picture

Scroogle Scraper is a good alternative for the privacy-minded.  Same Google search algos, but stripped of identifying data.

https://ssl.scroogle.org/

 

Wed, 01/26/2011 - 01:15 | 905340 Confused
Confused's picture

I'd love to believe that. Would certainly be a nice alternative. 

 

Trust but verify, as they say. 

Wed, 01/26/2011 - 05:18 | 905537 CH1
CH1's picture

Duck Duck Go is excellent as well.

http://duckduckgo.com/

Wed, 01/26/2011 - 07:20 | 905576 bank guy in Brussels
bank guy in Brussels's picture

Europe has an excellent internet search engine which does NOT record your searches and which completely respects your privacy ... And also gives you access to material, which Google blocks and erases from searches in Google's perverted service to the US government.

Many of us here never use Google anymore, because Google quite clearly is a CIA - NSA criminal stooge of the US regime.

Here is the privacy-protecting search engine, based in the Netherlands, available in English and numerous other languages, Ixquick:

http://ixquick.com/uk/

Tue, 01/25/2011 - 21:08 | 904566 Miles Kendig
Miles Kendig's picture

Classic Marc Faber.  He says what he going to say without the need to break out the knee pads.

A true Fight Clubber

Tue, 01/25/2011 - 21:08 | 904567 Caviar Emptor
Caviar Emptor's picture

Any day now I expect prostitution to be on the rise in the old, developed economies. And these days it's a lot more 'equal opportunity' for men as well as women (and tranies and shemales). The ole' US Treasury and Fed have been whored out to the banking and Wall Street interests with the politicians acting as pimps. When Wall Street starts to whine that they're in trouble, ole Fed will turn them a trick 

Tue, 01/25/2011 - 21:20 | 904595 topcallingtroll
topcallingtroll's picture

Iceland baby! The value caucasian play! But.time is running out! They are starting to have some real economic growth.

Tue, 01/25/2011 - 21:48 | 904681 B9K9
B9K9's picture

Yep - the power-elite cannot afford to have any positive examples.

Next up: Ireland. Imagine the flood of capital that country would achieve once it cleared the decks and prepared a viable & realistic long-term business plan. Here's what we're good at, these are our comparative advantages, etc. Given these parameters, we can expect to have reasonable, organic economic growth of 1-2% per annum. The real kicker would be a demonstration of some actual law enforcement for wrong doers; perhaps the return of the "Bloody Code" for financial fraud.

After Ireland would come Greece. Back to the good old days of donkey carts, cheap eats/digs and no debt overhang. Once the ball really got rolling, the bankster illusion would become impossible to contain/maintain.

Wed, 01/26/2011 - 00:31 | 905259 Rick64
Rick64's picture

 Iceland is still playing ball with the IMF .

http://www.imf.org/external/np/sec/pr/2011/pr1105.htm

Tue, 01/25/2011 - 21:10 | 904571 dick cheneys ghost
dick cheneys ghost's picture

wash dc is one big whore house. been that way for yrs.

 

KILL THE BANKS

Tue, 01/25/2011 - 21:11 | 904575 FLUSA.com
FLUSA.com's picture

The Fabernator...got to love him.....

Tue, 01/25/2011 - 21:11 | 904576 topcallingtroll
topcallingtroll's picture

I love mavericks and iconoclasts .....at least as long as they are for real and dont take the maverick role merely as a cynical attempt to advance themselves and try to fool us with new icons.

Tue, 01/25/2011 - 21:15 | 904589 topcallingtroll
topcallingtroll's picture

Ten percent is the high end of my estimation of the correction range coming in a few months, but not so sure now with a new regular infusion of 25 billion regularly for a while.

Tue, 01/25/2011 - 21:15 | 904590 Johnny Lawrence
Johnny Lawrence's picture

It's official: I want to have Marc Faber's child...if he still has sperm and if I had a uterus.

 

 

Wed, 01/26/2011 - 08:20 | 905618 Gigliola Cinquetti
Gigliola Cinquetti's picture

I guess you want to be called Loretta .

Tue, 01/25/2011 - 21:21 | 904593 TuesdayBen
TuesdayBen's picture

O a Ho.  And weakest POTUS in modern history.

Tue, 01/25/2011 - 21:21 | 904596 FLUSA.com
FLUSA.com's picture

...Rome didn't collapse in a day....

Tue, 01/25/2011 - 21:22 | 904598 gpsnodgrass@cox.net
gpsnodgrass@cox.net's picture

I do not think it is polite to refer to the leader of the free world as someone who would sell himself. Our leaders deserve our respect and admiration because they are the elite and our betters. Cutting down politicians is silly. They are just doing their best and are looking out for our best interests.

Tue, 01/25/2011 - 21:27 | 904611 LoneStarHog
LoneStarHog's picture

/Sarcasm On/ I do not think it is polite to refer to the leader of the free world as someone who would sell himself. Our leaders deserve our respect and admiration because they are the elite and our betters. Cutting down politicians is silly. They are just doing their best and are looking out for our best interests. /Sarcasm Off/

You forgot the tags.

You're welcome.

Tue, 01/25/2011 - 22:00 | 904717 gpsnodgrass@cox.net
gpsnodgrass@cox.net's picture

Seriously, would I have gotten junked if I wasn't serious? Thanks anyway. I'm off to watch the SOTU speech. I know in my heart that the change I have been hoping for will be coming my way. God Bless America and Barrack Obama.

Tue, 01/25/2011 - 22:27 | 904833 Real Estate Geek
Real Estate Geek's picture

Wow, you must really hate that Snodgrass character.

Tue, 01/25/2011 - 23:43 | 905169 Bob
Bob's picture

LOL

Wed, 01/26/2011 - 01:08 | 905325 Calmyourself
Calmyourself's picture

Hey Snodgrass, perhaps you should learn to spell your love interests name properly..

Tue, 01/25/2011 - 22:15 | 904783 breezer1
breezer1's picture

i have a time share in boca you might be interested in...

Wed, 01/26/2011 - 05:20 | 905539 CH1
CH1's picture

This HAS TO be a joke. Right?

Tue, 01/25/2011 - 21:24 | 904601 LudwigVon
LudwigVon's picture

Bloomberg just said that their viewers are "mostly Austrian."

Tue, 01/25/2011 - 21:24 | 904602 Milestones
Milestones's picture

Finally a straight, honest laying on of the wood. I think one word sums up Mr. O--Punk.   MIlestones

Tue, 01/25/2011 - 21:26 | 904606 JustPrintMoreDuh
JustPrintMoreDuh's picture

"If nothing else, how many other people do you know who will compare, in front of a live Bloomberg audience, the president of the formerly greatest country in the world to a whore?"

 

If the tube-top fits ... 

Tue, 01/25/2011 - 21:29 | 904618 LoneStarHog
LoneStarHog's picture

Next stop, Marc, the Alex Jones Show.

Tue, 01/25/2011 - 21:33 | 904626 Midas Mulligan
Midas Mulligan's picture

<< After he sees the disaster he has created he may resign. Or he may be disposed, who knows. >>

This is so much more fun than Princeton ! The Fed commisary offers sushi -- nothing like that in the faculty lounge.

Tue, 01/25/2011 - 21:46 | 904674 Real Estate Geek
Real Estate Geek's picture

Maybe [Bernanke] will resign . . . Or he may be disposed.

I kind of like the sound of that; but it'd be better if it ended in a preposition.

Wed, 01/26/2011 - 03:07 | 905462 Dave
Dave's picture

Careful there dude.

Wed, 01/26/2011 - 10:49 | 905926 velobabe
velobabe's picture

of.

Tue, 01/25/2011 - 21:34 | 904631 Cursive
Cursive's picture

If nothing else, how many other people do you know who will compare, in front of a live Bloomberg audience, the president of the formerly greatest country in the world to a whore?

Lulz.  I'm pretty sure if given a chance on national TV, Larry Sinclair would.  In fact, there's a lot of people who want to talk about an alledged freaky deaky Chicago power homo men's health club with connections to Obama and Rham.

Wed, 01/26/2011 - 00:09 | 905222 natty light
natty light's picture

Larry Sinclair LOL

 

Tue, 01/25/2011 - 21:34 | 904632 FaithEqualsZero
FaithEqualsZero's picture

wow a 20% correction in gold? Really? Great buying opportunity!

Tue, 01/25/2011 - 21:36 | 904638 Freddie
Freddie's picture

Faber is insulting prostitutes when he compares Obama to them.

Tue, 01/25/2011 - 21:57 | 904714 Dr. Porkchop
Dr. Porkchop's picture

Yeah.. Prostitutes work for a living.

Wed, 01/26/2011 - 10:04 | 905821 youngman
youngman's picture

they kind of are community orgasm..isers.....

Wed, 01/26/2011 - 15:56 | 906993 Windemup
Windemup's picture

Faber should know. He knows his prostitutes.

Tue, 01/25/2011 - 21:38 | 904648 molecool
molecool's picture

"in what may go down in history as his most scandalous interview ever"

 

Scandalous? Really? Telling the truth is now considered scandalous? Because he's calling a spade a spade?

Tue, 01/25/2011 - 21:54 | 904703 NOTW777
NOTW777's picture

thats because we live in the age of lies

Wed, 01/26/2011 - 00:35 | 905272 Milestones
Milestones's picture

You're an old timer--nice play on words.    Milestones

Wed, 01/26/2011 - 03:10 | 905465 Dave
Dave's picture

oooooooo Nice.

Wed, 01/26/2011 - 04:08 | 905500 cossack55
cossack55's picture

"In a time of universal deceit, speaking the truth is a criminal act"

Orwell

(maybe a parahrase, memory sucks)

Wed, 01/26/2011 - 07:02 | 905570 XPolemic
XPolemic's picture

Almost.

In a time of universal deceit - telling the truth is a revolutionary act.
George Orwell

Tue, 01/25/2011 - 21:39 | 904650 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

"Governments that have embraced austerity such as the UK..."

What?What austerity?,UK Govt spending has not been cut and is planned to rise every year for the next few years,it is just going to go up less quickly,Matt Miller -do your homework before you engage your mouth.

I am sick to the back teeth of hearing and reading about the supposed draconian cuts that are going to be made in the UK.

Nothing of the kind is going to take place.

The UK is a welfare state,totally reliant on government spending,social welfare,social security,and the artificially juiced housing market.If the Uk government were to carry out its promises to cut spending,the UK "economy" (if you could call it that) would totally implode.

From chancellor Osbournes own mouth:"So total public expenditure – capital and current – over the coming years will be £702 billion next year, then £713 billion, £724 billion and £740 billion in 2014-15."


In real terms, public spending will be at the same level as in 2008.

http://www.hm-treasury.gov.uk/spend_sr2010_speech.htm

 

Wed, 01/26/2011 - 05:10 | 905532 reload
reload's picture

++ Absolutely spot on. However I get the feeling that the repeated attempts to sell defecit growth slowdown as`defecit reduction` are just an attempt to slow the descent of the pound and find a bid (other than the BOE) for the Gilt Market. I think Osbourne has to be aware that he is well and truly on the bridge of a ship that has no choice but to `race to the bottom` Ex Chancellor Lord Lamont (of ERM fame) was on the Radio today saying that inflation in the UK was not a problem because it was caused by the weak GBP not by wage increases. Meanwhile, Osbourne, who keeps saying that business will take up the slack (job losses) in the public sector has been raising direct taxation on SME and reducing capital allowances for investment. Unfortunately nobody has any idea whatsoever on how to curb the bloated state and stay in office.

Wed, 01/26/2011 - 05:59 | 905546 AnAnonymous
AnAnonymous's picture

What?What austerity?,UK Govt spending has not been cut and is planned to rise every year for the next few years,it is just going to go up less quickly,Matt Miller -do your homework before you engage your mouth.

I am sick to the back teeth of hearing and reading about the supposed draconian cuts that are going to be made in the UK.

 

Update, update: austerity means borrowing less easily. At least, in this corner of the world. In some other corners, it might indeed mean cuts on spending.

Tue, 01/25/2011 - 21:40 | 904652 tmosley
tmosley's picture

Very nice, how much?

/Borat

Tue, 01/25/2011 - 21:43 | 904665 Tic tock
Tic tock's picture

He's not a Prostitute, he's a Lawyer

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