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Marc Faber's Most Provocative Interview Ever: Compares Obama To A Prostitute, Goes Long Treasurys
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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The difference being . . .?
Price tag.
Prostitutes stop fucking you when you're dead.
Except for Anna Nicole...then again her lawyers are still going even after the prostitute is dead. Lawyers FTMFW!!!!
Jan. 18, 2011 WASHINGTON — The Supreme Court is preparing to hear arguments on whether Anna Nicole Smith’s estate should get part of the fortune left behind by her elderly Texas billionaire husband.
Lawyers for the deceased former Playmate plan to tell justices Tuesday her estate deserves some of the $1.6 billion estate of her late husband, J. Howard Marshall.
Marshall’s will left nearly all his money to his son, E. Pierce Marshall, and nothing to Smith, who said her husband of 14 months promised to leave her more than $300 million.
But a federal appeals court sided with a Houston jury that said Marshall was mentally fit when he left his estate to his son and nothing to Smith.
Marshall died in 1995; his son died in 2006. Smith, a native of Mexia and a former Houston dancer, died in 2007.
http://www.chron.com/disp/story.mpl/metropolitan/7385990.html
1. Faber is underperforming
2. Obama is not a prostitute. You have to receive money for sex to qualify. He is a pimp for the real prostitute; the banks get the money
3. Obama was never ashamed for breaking the campaign promise of change. He just said whatever was required to win the election. Not that I liked that at fucking all. Boy he never missed a step. Prick
4. If we ever get an honest truly hard working president, I don't know what this country could do except great things. IF
It's time for a Coolidge who likes to do little. Let the people run things. Works out much better. Remember that Hoover was a huge interventionist.
Wow Max you dont get it at all! You REALLY think Obama was just some block organizer in Chicago, and suddenly jumped up and became president? OMFG grab a clue!
Faber lives in Thailand ... right? , growing pot....right? Maybe he should talk about his own worthless adopted government and leave western problems to people that actually care in the west?
Try Hong Kong.
attack the messenger - FAIL
I junked you. I'm not sure where you are going with this statement.
Truth hurts much, huh? Or is it lack of "change."
'Lack of change'? Why dont you morons take a LOOK around you and wake up!
I have junked you too.
The refreshing sight of a free man like Faber is as inspiring as your reverence to your slave-drivers is embarrassing.
JEB BUSH IN 2012.
No more Bushes. Bush looks like Geo Washington compared to this existing corrupt POS. The Bush clan are more Davos elites.
When will people stop believing in the left/right, coke/pepsi, Mac/PC, Jennifer/Angelina bullshit. Every four or eight years these guys pass the baton to each other smoother than the Jamaican 4X100m relay team. Guantanomo still open, Patriot act renewed, Wiretapping of citizens continues, Socialism for the rich and capitalism for the rest continues, Fraud continues..............etc. etc.. The State can't fix the problem............It is the problem.
"The People" need to "fix" the problem.
Knowing that made the state of the union address tonight that much more entertaining. Sad isn't it?
At what point in the history of the world has it been any different? Stay low, go fast...
I first ran into Faber (please, call me "Marc") at Dusk 'til Dawn in the Wan Chai area of Hong Kong. You want to talk about prostitutes? We were surrounded. Gloriously and irredeemably outnumbered. But I think most of these honest hard-working girls would take serious offense at being compared to Obama, though.
...gold down 20% damn...
Think so. Buy a coin. Those spreads are looking mighty stretch armstrong meets gumbi.
paper...
"Maybe [Bernanke] will resign. After he sees the disaster he has created he may resign. Or he may be disposed, who knows."
After calling Obama a prostitute I'm disappointed Marc pulled his metaphorical punches here! What he should have said was Bernanke smells like a tarts handbag (ie. stinks at his job) and should be choked on a 12" dildo (ie. sacked).
Deep Throat bitchez
Did anyone notice he said the correction in Gold would be 20% from top to bottom? $1400 - 20% = $1120
Thoughts?
Gold and Silver are targeted by the Powers that Be.
The former Fed chairman (back before he turned to the dark side) had a famous quote
concerning that.
It's a heavily manipulated market because PMs are ... in essence, a revolt against the corrupt status quo.
The attraction of PMs is that it's:
1) just as much to stick-it-to-the-Fed (banking cartel that only exists because THEY BOUGHT OFF CONGRESS) and the corrupt status quo
2) a long term store of value that doesn't have counterparty risk and can't be created by the stroke of a computer keyboard
Piss off troll.
What happens if/when posession of PMs is declared illegal (FDR, April 1933), gold, silver, platinum, palladium, including numismatic. What value then? Aside, of course, from the blackmarket. Throw in national debit cards and cashless society crap and fun times will ensue. 10 years/10K, the sheeple will be dumping by the ton.
Should I sell my physical gold (serious)?
Marc fucked me in Zurich... smartest and greatest living economist!
Da Davosians are attending their soiree at 60K a pop. These people are really in touch with main street, huh?
They are in touch with exactly who they want to be in touch with. What comes forth is just noise for everyone else.
its actually 50K to become a WEF member, 20K for the annual ticket and some personal expenses, depending if rent a chalet and take the Eurocopter to get to the event.
Nice to see all those loosers going there on corporate or governmental costs.
But the best is to see the Swiss paying officially 8MM for the event, rather 20MM. Sucks to be them. Worse thoug, sucks to be an American paying for two wars with no progress.
2. Obama is not a prostitute. You have to receive money for sex to qualify. He is a pimp for the real prostitute; the banks get the money"
Obama is not a pimp, a pimp for prostitutes gets the lion share of the money you pay the hooker. The banks get all the money, they are the pimps. The prostitues are the american people.
"4. If we ever get an honest truly hard working president, I don't know what this country could do except great things. IF"
Well, politicians are mirror image of its people - you get what you deserve. Bill is America's most popular president alive, he is a cheater and got 2 terms and remain as popular as ever - many of the policies favoring banksters were passed during Rubin/Summers' time in office when Bill was president. And of course america gave Bush 2 terms, a buffoon who speaks in monosyllables and not too curious about the world except oil and big businesses. Look no further than the man in the mirror for the cause of the current mess, don't blame the politicos, they delivered what the society was prepared to accept.
Who gave Bush 2 terms? Not the voters. He lost by the numbers, the Supreme Court's validation of his brother's ballot box stuffing gave him the presidency. Obama did not win, Bush lost. A stuffed dummy could have beat Bush. And the voters have been against every major move he has made. So don't blame the voters, they have been over ridden on everything for the last 10 years.
Alas, you seem to be confusing the U.S. presidency with an elected position of some sort.
Junked you, douchie, because Obama beat McCain, not Bush. Duh!
You're giving Diogenes a bad rep. Please change your handle, asswipe.
I closed my trading account a year ago because I thought a huge correction was over due and I didn't see the economy improving around me. Whatever I had left I spent or bought PMs with. It's nigh-on impossible for me to get a job in this economy, no matter what they tell you. The economy is fucked.
If the farce continues and I remain stuck between a rock and a hard place I will just kill myself. And I don't mean it as a metaphor. I mean killing myself as in blowing my brains out.
Speaking as a physician, I urge you to seek professional help immediately.
And if you were not serious, please STFU and leave this site.
If you are serious, get some help and call 1-800-273 TALK right now, not 5 minutes from now...but NOW. Tomorrow, get an old friend if you can, turn off Zerohedge and go hiking, go to the beach, and forgive yourself for not being allegedly in tune enough to see through these puppet masters theatre soon enough.
If you are testing yourself, and feeling the waters, then please let your imagination run wild about alternatives to doing 'yourself' in. Instead, build a sex robot, practice faking orgasms with your woman, or create some degenerate art.
Or make fun of yourself for a moment. The following are my recommendations for you. You will become an infamous, influential individual this way. Tell yourself that you have the utmost respect for those who decide to remove themselves from the gene pool in spectacular and amusing fashion.
Method Name: Sea Worlds Shamoo enclosure – ‘Headless Hors D’oeuvre’ Technique: Dip head into whale fat or ambergris before standing on the podium. This area is located at the point where the whale exits the water to “kiss” a spectator. Probability of decapitation is high in this situation. Case Study: May, 1972 Sea World Killer Whale Enclosure. Harvey Manduki, Participant Researcher. After having dipped his head in whale fat, never made his way completely to the podium, instead asphyxiated on the fat in the spectator bleachers.
Method Name: Marineland Maniac Technique: Dive into the killer whale pool with a water-proof m80 cherry bomb. After landing on the back of the target whale, insert the cherry bomb into its blow hole. Case Study: August, 1991 Marineland. Jeremy Manheim of Los Angeles, CA swan dives from the overhang and misses the pool. Instead, hits the concrete and dies on impact. Analysis: Marginally effective. This method sometimes kills the whale before the whale has an opportunity to dismember the “entertainer”.
Method Name: Disney bin Al QaedaLand Technique: Time your press releases to be delivered electronically 5 minutes prior to impact. Have press releases state the following: “The American Infidel will pay for their crimes! Death comes from the air! Allahu Akbar”! Exactly five minutes later, your small plane should enter Disneyland or Disney World airspace. Dress up like Mickey Mouse wearing Muslim headdress and backpack stuffed with wads of silly putty to simulate plastic explosives (if you haven’t yet been able to buy real explosives from credit cards provided to you by Bank of America). Sky dive into the theme park, achieving all objectives. Note: If you lack sufficient SkyMiles to allow membership in Al Qaeda, then it is necessary to reproduce phony evidence (receipts from naked girlie dancing establishments) to be discovered after your death confirming that you were indeed a member. Case Study: To be announced Analysis: To be announced
Method Name: Six Flags Fag (Note: only available in the Valencia, CA location) The victim must first realize that ALL days at Six Flags Magic Mountain in Valencia, CA are now ‘Gang Days’. It’s no wonder this park is scheduled for closure. Wear the wrong gang colors, and you could lose your penis! Armed with this knowledge, a savvy entertainer can surely bring about a speedy and abrupt demise. Technique: A straightforward approach works well here. Wear the “wrong” colors in the park by way of a T-shirt printed with the following sample slogans. (Make sure the letters are large and the message is very clear. (I suggest a bold 80 point font). Sample messages include, but are not limited to, the following: “Gang Members Are Faggots”! Of course, the Spanish translation works best, so that would be: “Cholos Son Maricones”! “I Want To Suck a Fag”! or “Quiero Chupar Un Maricon”! “I Fucked Your Mother, Asshole”! (another favorite) or in Spanish “Chingué A Tu Madre, Culero”! Case Study: August 3rd, 2006. Analysis: Marginally effective. You will probably only get the beating you deserve, or raped by roving gangs of illegal aliens, or, simply avoided by “poser” gang members who arrived on Saturday and Sunday after they got off work. Maybe you will get lucky and get thrown under the rollercoaster Colossus by a park worker.
Method Name: Electric Light Parade – The Shocker! Technique: Make a float with a real electric chair and electrocute yourself in front of the parade onlookers.
Method Name: Hatchet Job Technique: Suicide by Cop at Knott’s Berry Farm ‘Fright Night’. Bring in a real hatchet and start chopping! Not only will you be providing exciting stories for those who live through it around you, but also you’ll get to experience ‘suicide by cop’. Case Study: To be announced Analysis: To be announced
Method Name: Zoo Rage Technique: No bones about it, you can trust that every single caged animal out there is pissed off and reeling to take vengeance upon their human captors. Imagine what it must feel like to put up with the glaring stares of retarded humans, and the stupid cackling of their stinky human children. Even the most mundane and tranquil animals have it in their heart to rip you into shreds if they had the chance! But, if you play your cards right, and find a way into their cage, rest assured you too can get torn apart by monkeys, tigers, or pygmy hippo. Perhaps you could be gored and stomped by a hostile Cape buffalo, or, eaten by angry peccary’s! Case Study: Not necessary. Analysis: Unless the animal is a meat eater, jumping into their cages may not be enough. It is important to taunt any animal before entering. For extra effect, show monkeys your teeth, poke lions through their cage with a long stick, urinate on any canine’s enclosures, and throw feces into the Great Ape’s living areas.
+1. DON'T DO IT! Seriously, dude.
Don't kill yourself until you run out of money... move to a cheap place to live, Thailand maybe, and extend your life eating red curry and shagging cheap hookers. Personally I'd re-open the trading account and short everything that way as the West goes down the oiler you can shag and eat more red curry.
Don't get mad, get even... better still turn a profit, fuk more and make your Mum proud
Dude you need to hang in there. Besides what would ZH do without all your commentary. Don't let the bastards win!
Nothing wrong with bastardis(z)ation.
Don't kill yourself dude. I'd miss reading your posts.
I agree with the others. Don't kill yourself. Go all Issac Newton if you have to. (cloistered) Dude conquered physics. But he could not figure out basic lizard brain sociology. Or maybe he did and just became depressed at the ethics of the others who figured it out too..... but then ... accepted or levered it.
Downsize any debt you got. get into the cheapest shelter you can find. don't go out if it makes you feel socially inferior to those in the public who are probably morally inferior. Post here. We will post back. Take the time you need this too will pass.
Bigger Dickus -
I know the feeling, believe me.
I say do a Johnny Bravo and laugh it off.
Wait for the PM correction to pass and for Gold 1400+ and Silver 30+
Cash enough in to buy yourself a lot someplace warm and Southern, a used trailer, near a town with a Pool Hall, Firehouse, and some half-pretty ladies of the evening.
Whatever the world does you can drink some beer, have a burger and fries, some games of pool, shoot your man-gun for the price of a good dinner in New York, and wakeup and have pancakes and coffee at the firehouse to benefit the Widows and Orphans.
That's got to be better than making someone clean up your mess.
Don't forget your bennies!
http://www.benefits.gov/benefits/benefit-finder/#benefits&qc=cat_1
Don't do it dude. Scoop up some credit card apps, lie about your info, then go have some fun. You'll feel much better and f*k over a tarp-sucker at the same time
well that's true, America economy is about to collapse. However don't make that mistake of killing yourself, take whatever you have left and go to some latin countries; Mexico, Colombia, Chile, etc...you will find things much cheaper, good woman, good food and wine, excelent weather, beautiful landscape and peace(believe it or not)!, people in America are way too stressed because all of this economical bullshit. I prefer PM's to collapse but US economy improves, but we know that is not going to happen (at least in the next 15 to 20 years). Take your staff and go south, after all, life is not just about profit and been rich. That's been the bigest mistake human race has made to focus everything on money.
I'll trade you a gun, for your pm's
You will be proven correct in time. These days call for people to learn a necessary skill. Financial assets are coming to an end. I have felt the same as you at times and wish you the best.
Sorry to hear you are between a rock and a hard place. At times like thoses I try to think of thoses less fortunate than myself. Last year I was going to close my trading account but did not, somehow I managed to pick the only 8 stocks that went down and I am left wishing that I had bought more of the shiny stuff...one man's wish is another man's curse...neither is truly related to money just the things that money can buy. Money makes life easier, not happier, if you have never suffered how can you know what happiness is?.
If you cannot get a job, much like me these last two years, perhaps you could try trading and I don't mean stock trading but real life physical trading on the streets, under the sun and in the rain; my wife has started selling baby clothes in flea and farmer's markets, she buys them cheap on the internet. Its a tough job but you can make a decent living and you meet the salt of the earth, genuine hardworking people. Its also tax/government free :-))
We are also cutting our costs and growing a decent amount of fruit and vegetables, enough for about 50% of our needs, on a 200sf patch and 90% our water needs, including drinking water is collected from our roof.
There are opportunities everywhere, especially in hard times.
You only have one life that we know of, please do not let yours go needlessly, there is too much death around us already. Hang in there and you will become much stronger for it.
Dude seriously go to thailand and make a fresh start. Teach english until you get the lay of the land. Whatever skills you have are valued over there. The babes are hot and love americans. You will have such a hot girlfriend and a viable opportunity in six months if you are willing to live on rice for a while. If you dont have the money max what is left of your credit cards sell your possessions and go. A thousand will get you through six months even without a job and if you had 5000 you could open an authentic burger and chicken wing american style sports bar and be wildly succesdful if you have the talent. If not find another expat with a business and work for him and negotiate a franchise. It is worth it for the young hot asian amerivan loving pussy alone. I had to friends in your situation and they did great.
I agree with troll and some of the others, it's times like these that a change of scenery will do a world of good. The Asian women indeed will make you feel like a king.
I truly believe none of us should kill ourselves when there are so many more worthy targets.
concur; there's got to be someone out there worth shooting before yourself.
barring that, fuckin move out of the country or become a drug dealer
+1
Speaking of which...
Hello??? IRA in Dublin...have you lost your nutsacks, ladies?
Don't do it, BD. That only affirms these cocksuckers win. Spit in their fucking evil-assed faces. They are truly not fucking worth it. Fight these pieces of shit till the very last breath. THEY want you to do it. Fuck them. Your life is much more valuable (unless you are a politician/banksta) then their empty whorish quasi-existence. If you are not a politician/banksta, my watchwords.....
Live to fight, fight to live.
Feign relevance.
Quit internet, and find a job.
LOL....Now THAT is an interview! I voted for Obama. Was thrilled with Obama. Was feeling all that Audacity and everything. Except for one not-so-small detail.....what the hell was Larry "Dereg" Summers and some of the other Bob Rubin acolytes still doing there?
Actions? Words? And then all those "centrist" concessions. Marc Faber (someone I've never cared for), is absolutely and hilariously dead on. Bravo.
You seem to be saying that you swallowed the TARP 1 and TARP 2 stuff that O championed hook-line-sinker. Oh well. Maybe you have learned the true error of your ways.
FFaber is the shiznik.
A.) TARP was started under Bush, and B.) TARP was always an abomination. How do you get TARP-lover out of what I said?
http://www.youdecidepolitics.com/2008/10/01/obama-mccain-both-vote-yes-on-senate-bailout-bill/
Details count in this world.
Obama and McCain both came out fully in support of TARP before the election.
If that wasn't a warning sign then your senses are dull.
Dude, you were frigging clueless, just plain admit it.
Think twice next time before you vote.
I love this guy.
He is visiting the U.S. in 3 days. After that statement, I wonder if he will even clear immigration. Or, even if he does, it will be after a full body pat down and a cavity search.
Tyler dude; something wrong with the CSS on this page. Please check.
How does one say full cavity search with Faber's accent?
Surely his words will put him on some sort of Orwellian-esque harassment list.
On Obama: "I think he's done a horrible job... I think he is a dishonest person, ... I think he has... actually made it worse... We foreigners, we just laugh at someone like Mr. Obama."
Well, so much for European love and foreign respect for Obama. I'm sure the Chinese and Iranians fear him.
Glad to hear him mention LTCM. Reminds me I've been at this a while. Back on the old Bear Forum board -- still active, but by subscription only and now strictly sub-rosa -- I made a call under the sobriquet "Mr. Spock" the day the DJIA made a new high after the LTCM dip: "mkts will go sideways with HUGE volatility for the foreseeable future, frustrating bears and bulls alike", I said ... wouldn't change a word.
But now I've developed a bad case of outrage exhaustion, so it's good to see Faber just laughing it all off. May as well laugh as cry, wot? SO what if the "mainstream" writes you off as a screwball. Their day will come in spades, and even then, they still won't learn.
It's a all just plain Vanity, that's all it is. But from time to time, plain Vanity sinks to the level of fatal Hubris. Wot a show! Stick to your guns, Marc, you're an inspiration!
I rest my case. Our president is minor in MMAAJJOORR THINGS.n lost.
This Person is so out of touch. Complete loss of reallity.
Yes sir, more Kool-Aid is on the way. Would you like some Viagra with that?
Is the TV channel to your liking? If you get bored of Snookie we have countless hours of Paris Hilton re-runs.
I am Chumbawamba.
I just love Dr. Faber ......... he's the coolest thing; along with HOWARD DAVIDOWITZ ....... I could listen to those two guys all day. Dr. Faber actually said that on T.V. ! L.O.L. & look at him laugh ....... I just can't get over him, way tooooo cooool. GO MARC GO ! talk truth.
I was watching the Faber interview and it seemed like when he was defending Bush, he was losing it. I mean like senile - he made no gd sense. "He set out to do a thing and he was relatively straight..."
WTF was he talking about? Bush set out to invade a country for no good reason but at least he stuck with it? He set out to destroy the US economy and at least he stuck with it? He set out to bail out the banks and at least he stuck with it?
Seriously? Watch the tape and tell me if he's all there.
English is a second language for him.
He laughs at the insanity of all of it; not out of losing it or being looney.
My belief is that you are too closely Wed to your political proclivities to hear him correctly; Faber is being apolitical here. I believe what Faber is saying is that politicians are bullshitters to start, but if you find one who has a consistent line of bullshit it is better than one who changes the line to suit the moment - as Obama has clearly done since the elections. Some would call it savvy, others would call it bullshit.
Demicans, Republicrats - usually no difference, politics is the distraction.
Even if you are an idiot and doing idiot things i can safely make money if you are predictable. Faber has no love for Bush, but he respects strong people who arent wishy washy and all over the place like obama. Personally i think we would have been better off with less conviction and more wishy washy from Bush.
Your not listening to Faber, your projecting...
My first cartoon video. Kick ass. Entitled "I Love Paper Money"
http://www.xtranormal.com/watch/8287982/
Faber now lives in Bangkok. I'm sure he knows all about prostitutes.
Prolly a regular at Baccara.
Baccara's not bad.
Last trip, I had better times at Shark bar.
Stop it boys, I'm in the middle of the U.S. buried in snow (real frozen water crystal kind) WISHING I knew the difference between Baccara's and Shark's.
I like biden and the repub shitbag behind obama during his speech. One was mad and one was happy. Has anyone else caught onto the fuckfest we are all a part of yet?
I liked the post the other day about the zero hedge vets leaving. Well maybe they had a life. Best wishes to them. I am not one for sentimental bullshit. Lets move on. Guess what? I feel fucked. I think we all do. Your money market or cd pays you .000000000000000000000000000001 % thats because the "little maestro" bernanke thinks the banks deserve your money more than you do. Does anyone listen to that shitbag brinker on Sundays? Thank God he cut himself back to one day a week. Is his fuckin worthless newsletter still bullish? Ive got a deal for you folks, pay me every monthy and I'll keep telling you to buy stocks. Fuck him. Nice call in 2008 shitbag.
Key sentence from Faber about the debt spending bailout money printing market pumping:
"...It is not a boom driven by savings, capital spending, savings, factors that lead to sustainable growth..."
I like Faber because he is NO B.S., he says what he thinks.
So many commentators are hedging what they say because they are selling what they say.
You can tell that Faber has no need of money; he is just enjoying himself at this point.
Now wait just one dog gone minute. Didn’t Obama: 1. end the wars in Iraq and Afghanistan…like he promised? 2. reform the banks and Wall Street and end corruption…like he promised?? 3. do away with Massive Wall Street Bonuses…like he promised? 4. lower health care costs…like he promised? Mmmmm, well, Ok, Mr Faber, you have a point.
Yes we con.
Long treasuries is a gutsy call, but it probably is the most despised asset class other than Stalin's toe jam.
Long treasuries and the dollar "for the next couple of weeks"
;-)
Faber lays it all out, each previous bailout leads to a bigger bubble and more fraud and obfuscation. Eventually, you run out of bubbles.
Not that these guys are stopping what they are doing. They want to double global credit in 10 years. They want the entire world to behave as wrecklessly as the US has the last 20 years.
Great plan eh?
IDIOTS!
comparing obama to a prostitute is an insult to prostitutes....i would compare him to a pompous indonesian lying sack of shit.
www.obamacrimes.com
Indonesians are generally very nice people.
I would call him what he is, which is a nigger.
I am Chumbawamba.
i always knew, deep down, i liked you†
Is that stream limited to US only or what. I never get syndicate videos to work in the nordics...
The politicians around the world are nothing more than auction items which can be sold to the highest bidder. They will do whatever they can for the lobbyist paying them the maximum amount of money or votes, be it the unions, the banksters, the richest corporations or individuals. They are in the power seat to extract maximum advantage for themselves in the small time frame they occupy the seat of power.
The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.
http://www.marketoracle.co.uk/Article24581.html
Politicians are corporations.
http://www.youtube.com/watch?v=V0IM7Hobd_k&feature=related
Watch the whole series. Well worth the time.
I am Chumbawamba.
well, i watched the whole series. i read the comments on the last 5/5. some people thought him to be a bit of a con. of course it is the UK that he speaks about.
i was wondering if the same thing applies in the US, when you register a gun, have you handed over your right of ownership?
Wow, Marc Faber particularly iconoclastic today...
However, "Obama prostituting himself" is not as bad as it sounds. Remember he is a german swiss, and not a very good english speaker, even after all those years living abroad.
"To prostitute oneself" is a very harsh description, but has only a minor sexual connotation in the german language. It really means "to do as anybody tells you", "never to say no to anyone's request".
hope that helps to understand what Faber (probably) meant to say,
HuangJin from GErmany
That may be true, but, here in the used to be good ole' USA, we all know Obama is a whore, or a pimp, or an alien, just like Bush, Clinton, Bush Sr., Reagan, Carter, Ford, Nixon, Johnson, (JFK-jury is still out), (Ike, jury is still out), Truman, FDR, Hoover, Coolidge.........I did like how Jackson put it to the banks. Would have loved to see him beat JP Morgan to the curb with his cane.
Jackson would need Indians to perform the trick. And they are a scarce resource these days...
I like most foreigners was a strong supporter of Obama, because he seemed the opposite of Bush and boy had we had enough of him.
But I don't agree that he is a prostitute, that implies he is selling favours for personal gain, I don't see him doing that.
On the contrary I think Obama is giving it away for free, trying to be accepted by all the 'boys' (banksters etc), and is just a good old fashioned slut.
Maybe more like the parking lot boy at the whorehouse, except they kidnapped your mom and are working her to near death.
I thought I missed the State of the Union while I was watching Criminal Minds....oh wait...
Marc Faber and Jim Rogers are retired and are RETARDED
and most of time they give BS answers.. long time...
you would make zero money / loose money listening these old farts..
the continuing story that may be the "event" that brings it all down: not a black swan but a
"mulatto swan " the saga continues:
""During the course of my employment," Adams states in the affidavit, "I was told by senior officers in the City and County of Honolulu Elections Division to stop inquiring about Senator Obama's Hawaii birth records, even though it was common knowledge among my fellow employees that no Hawaii long-form, hospital-generated birth certificate existed for Senator Obama."
"I can go get my long-form, hospital-generated birth certificate," Adams told WND. "And so I don't understand, this whole controversy should have been settled three or four years ago in about five minutes."
Nor does Adams feel the short-form Certification of Live Birth is authoritative documentation proving that Obama was born in Hawaii.
"My basic assumption is that he wasn't born there," Adams said. "Certifications of Live Birth were given to people who were born at home, or to people who were born overseas and whose parents brought them back to the islands. If his parents were U.S. citizens, or if one parent was a U.S. citizen, as was the case with Obama, the family would apply for a Hawaiian birth certificate when the parents came back from overseas. That's normally how you would have gotten on [a Certification of live Birth] in the 1960s..
will mr x who has used multiple names the last being Obama..get thrown under the bus..if stories like this continue will the MSM pick up..seems they are doing so but very slowly..
the implications to the country of a resignation or removal are left to others to comment.
but this story is so big it is the cover up of all cover ups..
if we here on zh are the skeptics I think we are this story of who exactly is Obama is meat to lions.
Read more: Hawaii official now swears: No Obama birth certificate http://www.wnd.com/?pageId=254401#ixzz1C3bexQbo
I see him more as the pimp...selling the rest of us, willingly or unwillingly, down the tube.
'keeep on dreeeamiiiing!"
Farber is a riot!
Barack Hussein Obama: Man-whore.
Now we know why he's so willing to bend over at the waist in front of other men.
Obama bends over for Geithner, Bernanke and Dimon, the trio of deceit and corruption: they run the show !!
Obama can't see the fleecing of America 'cause from his viewpoint, all he sees is the floor...
Sounds kinda like the four horsemen of the Apocalypse, huh?
I think Ben is Famine.
Obama, sorry Barry.
I have some questions for you
Where is your birth certificate?
Why you have had 5 different social security numbers?
Who paid for your college education?
And last but not least.
Where is the "Change"?
faber destroys bloomborgs, teleprompter in chief, the bernank, and the davos reptiles...
i miss you already marc! say hi to taleb for me.
double post
triple post
Refreshing to hear someone speak their mind. Had to be a European, no such thing as "free" speech in the USA anymore it is all suck-up and gobbledygook!
Fabulous Faber!
Check out this chart of TLT totally corroborates eminent bond rally theory
http://rosenthalcapital.com/blog/2011/01/precious-metals-update-stock-market-strategy-perspective-and-correlation-breakdowns/
"I think what should happen in the US is for the president to tell the US, you have to tighten your belts ..."
Complete NONSENSE.
If tomorrow Congress collectively grew a pair and decided to end the bankster looting of America, put their asses in jail, maybe execute a few, confiscate all their trillions of wealth, end the Fed, stop the endless money printing, let Wall Street crash and go bankrupt, shut them all down, default on the national debt, tell all those Treasury holders to fuck off they're not getting a dime, declare FRNs no longer legal tender, issue a new national gold-backed currency, stop the insane imperialistic wars, bring all those troops home, slash taxes, shut down the IRS, slash business-destroying regulations, shut down the EPA, slap a 5% national sales tax on all speculative financial transactions to prevent Wall Street from EVER taking over again, give interest-free loans to desparately needed infrastructure rebuilding to get the ball rolling and get the economy moving again, then NO, Americans would NOT have years of belt-tightening ahead, the economy would jump start overnight and America would be back on the path to greatness again.
Goes Long Treasurys
What was that he said, "for at least the next 10 days".
So don't be long very long.
This is our "Skylab" moment. For you youngins swilling grape nehi in the 80's.
http://thecivillibertarian.blogspot.com/2011/01/this-is-our-skylab-momen...
Tell it like is it, bro!
Ugh, that woman(?) looks like a fucking gopher. I wish the not-so-hot finance news chicks didn't have to compete with the hot-but-dimwitted finance chicks because it just ends in fail and is distracting all around.
I am Chumbawamba.
Interesting comment by the male talking head:
"Our viewers tend to be Austrian" [meaning of the Austrian school of economics].
I am Chumbawamba.
O yeah. Mark Faber. Another giant of ethics in economy dishing out advise to the people and their desperate leaders. Blog crowd gobbling up the intellectual waste fast and furious. Impressive how a guy conflicted with every franc in his pocket gets his ass kissed for being some sort archangel of political truth.
Are you serious? Listen starting at 8:00 and write the above again. I dare you.
I am Chumbawamba.
@ Essence
"Details count in this world. Obama and McCain both came out fully in support of TARP before the election. If that wasn't a warning sign then your senses are dull. Dude, you were frigging clueless, just plain admit it. Think twice next time before you vote."
Well, SOME details count....to wit: it's "dudette".
Look. I posted what I posted because I got a good laugh out of Faber's remarks. Very simple. It had nothing to do with TARP, pro or con. That was Docto's spin. Pro-Obama = Pro-TARP. Waste of time to respond at all, so I just said that TARP was a Bush's baby, not Obama's, and that "Tarp was an abomination all along." (Which it was.)
But here's the thing: what makes you think I didn't know about Obama's pre-election bid for more TARP? Was everything as black-and-white concrete to you then as it is now? And if it was......actually, forget it. Who cares.
Message board tough-guy wannabes are a gigantic pain in the ass and not much more. Good luck with that.
Marc Faber's knowledge, understanding and character is not only a metric to long for, it represents the most prominant aspect missing in most politicians who will forever fail in being a 'statesman'.
marc faber sounding a little bit like goldmember at the end there