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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sellstop's picture

I wonder if Faber is losing money lately.

 

gh

NOTW777's picture

 r u wearing obama pajamas

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!

 

 

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.

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.

LowProfile's picture

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

WTF?!

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. 

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.

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..

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.

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..

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.

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..

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?"

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..

GoinFawr's picture

...for thick old soddy you.

Though I for one am certainly not holding my breath.

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.

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..

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?

Calmyourself's picture

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

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.

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). 

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.

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.

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......

GoinFawr's picture

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

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.

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). 

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.

 

 

 

 

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!

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!

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.  

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?!

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.

cossack55's picture

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