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Marc Faber's Asset Protection Plan: "Buy A Machine Gun", No Really, "You're Right, Buy A Tank"

Tyler Durden's picture


Trish Regan and Adam Johnson do their best to hold themselves together in this sublime rant by 'Gloom, Boom & Doom's Marc Faber on Bloomberg TV as he sees Obama's re-election as "very negative for the economy". From his view that the market should be down at least 20% - and maybe 50%, to the implied ignorance of both of the candidates, he believes fervently that the "standards of living of people in the western hemisphere will continue to decline." Faber views Obama's re-election as one of many unintended consequences of market manipulation (since Democrat attacks on the wealthy were 'enabled' by their profiteering from Bernanke's money printing) and sees the need to protect one's assets "with a gun, a machine gun... or perhaps a tank." He concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year term because "there will be so many scandals" since "there is so much smoke, there must be some fire!"


The pre-amble is useful and well worth listening to as Faber describes exactly what is occurring in the world...

The good stuff begins around 7:30 as Faber goes Baumgartner... and gives the Bloomberg hosts a taste of reality we suspect they have not heard from their run-of-the-mill portfolio manager sheep guests...



Faber on President Obama’s reelection:

“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”

Onwhere he sees the equity markets given Obama’s reelection:

“You have offsetting factors. The problem with Mr. Obama is that you get more regulation and it’s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%.”

On how investors should protect their assets:

“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that’s another story.”

On why he believes Obama won’t make it another four years as president:

“There is so much smoke. I suppose there is some fire. That is my observation. We don't know how the world will look in five years' time. I am pretty sure central banks will continue to print money and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. Like Proposition 30 today in California is of course negative for the Californian economy. That is the state of the world. We have worsening economic conditions, but we have money printing.”

On Speaker Boehner’s comments to Congress today on the fiscal cliff:

“I am sure that they will solve it. They will increase cosmetically some taxes and they will cut cosmetically some spending and it will all be back loaded 10 years from now. So in reality, not much will happen. But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower.”

On whether he sees the U.S. in recession in 2013:

“Yes, I think that if the figures were compiled properly. If nominal GDP was adjusted by a proper price deflator, we would probably already be in recession…But I would like to point out one thing about the economy. GDP is not a very relevant figure. It consists of many different sectors of the economy, so you can have some sectors that are improving like housing and others that are worsening.”

On his dollar and euro positions:

“This is the choice in life. You choose what is less bad. I don't particularly like Mr. Obama, but I think he is less bad for the world than Mr. Romney. It is a tragedy of life that both candidates did not lose the election. They would have deserved both to lose.”

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Wed, 11/07/2012 - 19:07 | 2958534 Zer0head
Zer0head's picture

and preferably made of ,,, gold

Wed, 11/07/2012 - 19:08 | 2958546 Temporis
Temporis's picture

Silver and gold!

Wed, 11/07/2012 - 19:14 | 2958571 ACP
ACP's picture

You'll have looters running up to you with hammers and chisels all day, not caring if they die.

Wed, 11/07/2012 - 19:39 | 2958654 imbrbing
imbrbing's picture

Thats ok, I need a couple more hammers

Wed, 11/07/2012 - 20:02 | 2958705 knukles
knukles's picture

Silly doomsday Sayers.  All this pray, repent the end is near, arm yourself, preppers. 
So silly, things are under control, made to appear worse than reality by a great right wing news and information conspiracy which can only be fixed through censoring and if necessary closing down social media and the internet.
Food, fuel, clothing and recreational goods are plentiful and even in New York, there's been nothing of any major problems.  After all if something was wrong we'd have seen it on TV and even in the middle of all that, the fashion shows and birthday parties were in full swing.
We must begin to trust our honorable, trusted, elected public servants.  They do the right thing.  We are too critical of them. 
We are in a new age of enlightened leadership, knowledgeable in all fields, wise and caring, prepared well to lead us through the dark, into the light of a new dawning of mankind, a dawning of peace, love, harmony and infinite riches of happiness.


This has been a paid announcement by a bat fuck insane liberal and I'm just passing it along.  I do not approve of these sentiments, have no empathy with them and kinda want to puke.  And now in the hell anybody can be led by people of whom we don't even have any information, everything being sealed, is just fucking beyond me.  Nothing wrong, my ass.  I'm letting my Economist subscription expire and have begun reading the National Enquirer.

Wed, 11/07/2012 - 20:23 | 2958768 TwoShortPlanks
TwoShortPlanks's picture

Buy a Nuke Sub!!!!!

You think that's paranoid...LOL...take a look at this.

PS. Not me, just something I found in my browsing.

Wed, 11/07/2012 - 23:03 | 2959199 HD
HD's picture

...I wouldn't feel more secure going down where it's wet and full of seaman.

Thu, 11/08/2012 - 01:20 | 2959510 TwoShortPlanks
TwoShortPlanks's picture

Remember, ZH member "Boating Accidents" involving Gold somehow always occur over really, really deep Oceanic Trenche. Wink-Wink!

Thu, 11/08/2012 - 05:25 | 2959699 samcontrol
samcontrol's picture

Completly unfair comments on Bloomberg.

I personally think they are the ONLY network that bring in gloom and doom guests...lol it,s the ONLY financial network i get iN Argentina besides the local farming network..

It is obvious many there think the shit will hit the fan , maybe not Trish trash but you can bet Sara and the guys own gold and lots of it...

nobody into pms in South America exept me..

Wed, 11/07/2012 - 23:10 | 2959224 moondog
moondog's picture

Quite the clever parody

Matt Anderson’s Dark NWO Parody
Wed, 11/07/2012 - 20:50 | 2958815 ACP
ACP's picture


That one?

Wed, 11/07/2012 - 20:51 | 2958820 RSloane
RSloane's picture

You hit that ball right outta the park, Knukles.

Wed, 11/07/2012 - 20:57 | 2958845 fonzannoon
fonzannoon's picture

why does he always say the important stuff in small letters!?

Wed, 11/07/2012 - 21:15 | 2958892 BlackholeDivestment
BlackholeDivestment's picture

...lmao, he hates old people. 

Wed, 11/07/2012 - 21:23 | 2958915 Hulk
Hulk's picture

He doesn't want to scare the old folks...

Wed, 11/07/2012 - 22:35 | 2959109 BLOTTO
BLOTTO's picture

If you believe in numerology, sacred geometry and astrology like they do... Then #44 may get snuffed out.


Its happenned 8 times before...in office.






Wed, 11/07/2012 - 22:52 | 2959162 The Gooch
The Gooch's picture

Not even "they" would put Uncle Joe in the oval unless it's for entertainment purposes.

Maybe we'll get a trifecta!  O, Joe and BenKevin.

Thu, 11/08/2012 - 00:29 | 2959428 Jam Akin
Jam Akin's picture

That would be a blast.

Thu, 11/08/2012 - 05:39 | 2959708 OldPhart
OldPhart's picture

I set my browser zoom size to 400%, it's almost readable that way, might be readable if the fuckin' floaters would clear out of my eyes.

Thu, 11/08/2012 - 01:01 | 2959479 putaipan
putaipan's picture

speaking of enquring minds, jumping the shark and post erection prognostication.... http://kauilapele.wordpress.com/2012/11/07/benjamin-fulford-11-8-12-the-... i hope he's right. i'm thinking long northern lights/bluebrry  farming exports to the yaakuza

Thu, 11/08/2012 - 03:59 | 2959645 natty light
natty light's picture

Now that is funny IDCWYA.

Thu, 11/08/2012 - 06:14 | 2959730 monkeyboy
monkeyboy's picture

I want to believe...



Thu, 11/08/2012 - 08:28 | 2959832 Ljoot
Ljoot's picture

Does having the hots for Debbie Wasserman Schultz mean I'm turning liberal?

Thu, 11/08/2012 - 10:30 | 2960231 catacl1sm
catacl1sm's picture

No, it means you need to get your eyes checked.

Thu, 11/08/2012 - 09:38 | 2960017 JPM Hater001
JPM Hater001's picture

Good post knuckles.

My wife who is conservative keeps telling me we should trust in God.

I keep telling her I do.  He sent me.

Thu, 11/08/2012 - 09:57 | 2960080 marathonman
marathonman's picture

Nice job channeling MillionDollarBonus.  -1 for the disclaimer at the bottom.  You were on a real roll there.

Thu, 11/08/2012 - 10:43 | 2960283 carbon
carbon's picture

hä fantastic  ... but here not having a single drink/ soda machine in the marc farber comments, is kinda scandalous !

Wed, 11/07/2012 - 21:14 | 2958890 Gully Foyle
Gully Foyle's picture


I think the bigger threat of rounds penetrating your silver and gold tank would pretty much keep those looters safe.

Wed, 11/07/2012 - 19:14 | 2958572 Enslavethechild...
EnslavethechildrenforBen's picture

Platinum, Palladium, Rhodium

Wed, 11/07/2012 - 19:42 | 2958660 pies_lancuchowy
pies_lancuchowy's picture

cigarettes, copper, real estate. ANYTHING but paper which represent our TRUST (lol yes!) in the CENTRAL BANKERS

Wed, 11/07/2012 - 20:24 | 2958771 Ratscam
Ratscam's picture

platinum at a discount of USD 170 presently.
What a great pair trade. Its a steal when considering it is 15 times more rare than gold and beeing industrially consumed. 70%! of world production coming from south africa, a country that pays their workers with bullets instead of money. Soon spreading to the wild wild west.

Wed, 11/07/2012 - 21:19 | 2958904 praxis
praxis's picture

Platinum's a steal.  I had to break down and buy some when it hit $1560 a few weeks back.  I cant imagine it will stay cheaper than gold too much longer. 

Has anyone noticed how well Silver Stocks have held up despite the sell off in the SnP and Dow? 

Wed, 11/07/2012 - 21:39 | 2958959 James_Cole
James_Cole's picture

"Platinum, Palladium, Rhodium"

Huh?? There's some shitty buys...

Thu, 11/08/2012 - 04:04 | 2959651 JKearney3153
JKearney3153's picture

you mean Lead and Brass!!!

Wed, 11/07/2012 - 19:21 | 2958594 HappyCamper
HappyCamper's picture

I really like Marc, but he's mistaken when he states that the Fed propping up the stock market had unintended consequences of reelecting Obama.


Sadly, it was actually a very much an INTENDED consequence by the Fed.


Wed, 11/07/2012 - 19:22 | 2958597 vast-dom
vast-dom's picture

Marc is the man! Shit will get very real soon. And he's on the money about this alleged correction today. When the SP is at 700 we will be at correct real value. Anything under that is a correction. And I would not be surprised if Obama gets thrown out before 4 years are up. At this point anything can happen and I mean anything...

Wed, 11/07/2012 - 19:27 | 2958621 ACP
ACP's picture

I believe him, he was pretty damn close on the bottom in 2009. I would be surprised if Obama gets thrown out before 4 years, except if he has a complete mental breakdown.

Wed, 11/07/2012 - 19:35 | 2958645 vast-dom
vast-dom's picture

yes it's just that Marc appeared to be in possession of certain facts when he said there's "smoke" re: Obama getting booted due to the unseen as of yet fire.

Wed, 11/07/2012 - 19:39 | 2958653 CrockettAlmanac.com
CrockettAlmanac.com's picture

That smoke is just the Choomwagon rolling by.

Wed, 11/07/2012 - 20:00 | 2958703 Michaelwiseguy
Michaelwiseguy's picture

You'll like these tidbits;

Job candidate tells Bloomberg to ‘take this job and ….. ..’ over global warming cover

Dear Sir / Madam,
I write regarding my cancellation of attendance at the ‘Bloomberg Assessment Test’ that I was due to sit today (Weds 7th Nov 2012). I wanted to communicate my reasons for doing so.   

As I am sure Bloomberg and its various holdings and affiliates hold potential candidates for employment to the highest standards, I also hold potential employers to similarly high standards, especially as – unlike many of the new graduates who will be applying via the BAT – I will be completing my PhD in the Philosophy of Computing having already had many years of gainful employment and a wide ranging skillset that would be attractive to a prospective employer such as Bloomberg. Indeed, I previously worked in the city as a qualified electronic trading systems consultant and have developed skills and experience since in both IT and research roles that would be valuable in city roles, should I choose to return to the finance and investment banking industry.

On November 1st, one of your holdings – ‘Bloomberg Business Week’ – published a highly misleading article, leading on the front page – ‘It’s Global Warming, Stupid’.  Had this article been written by a guest contributor, or represented a rare deviation from the content typically provided by this publication, I would have ignored it. However in this case it was written by assistant managing editor and senior writer Paul Barrett and continues a running theme in the publication for promoting unsubstantiated nonsense on the issue of anthropogenic global warming that appears intended only to maximise hysterical fear, uncertainty and doubt. The author constructed a narrative using such wildly inappropriate and factually untrue terminology as “Now we have weather on steroids,” – the kind of language that one might read and could be forgiven for thinking one was reading a satirical piece from The Onion or The Daily Mash.


And this;

You can throw away your tinfoil hat now. The mainstream media last week came out of the closet and had a real live Pro-Agenda 21 commercial on a mainstream media TV show.
I thought that was just a conspiracy theory. I guess I was bamboozled by the people who didn’t want me to know about it. I wonder what else they have in store for us.

The Blaze – Pro-Agenda 21 Commercial


Wed, 11/07/2012 - 20:25 | 2958777 Michaelwiseguy
Michaelwiseguy's picture
Solar cycle 24 continues weakly, perhaps weakest of the space-age


Wed, 11/07/2012 - 21:47 | 2958980 James_Cole
James_Cole's picture


For fucks sake why would anyone believe anything on that moronic blog??

Is there something in the water making Americans brain-dead? (don't bother answering that conspiracy-theorists)

For the past month had to put up with Republicans living in an alternate universe, then watch Dems exuberantly elect an obvious conman who's been screwing them over for the past 4 yrs. Today the market sells off - obsentsinbly due to an event that anyone with half a brain should've priced in months ago, and here we are on zh where people have alternately lost their minds completely or are posting ridiculously moronic links to nonsense blogs…

Wtf America??

Wed, 11/07/2012 - 22:33 | 2959049 Michaelwiseguy
Michaelwiseguy's picture

Those are NASA charts, and NASA charts don't lie like you.

In other news;

Barack Obama's Win Brings a Cheer from the Liberty Campaign

It was obvious our write-ins would not cause Ron Paul to win, nor would our Gary Johnson votes put the former governor of New Mexico in the White House. Do you really think we wasted our votes? Never!

Just think about it, it is almost as if we strategically planned each and every move like professional chess players. We voted with our consciences, freely, for who we each believed would be the best president of the United States of America.

Those who voted for Johnson did so in hopes of getting a legitimate third party candidate in place. Those who voted for Paul felt he was the only one proven to turn this country around.

You see, those under the teachings of the "Champion of the Constitution" never wanted a Mitt Romney victory because freedom fighters are all about the future, and a Romney win could have set us back eight years. Not to mention that we do not trust a flip-flopper.

We have all been trained well as a mighty army, a rEVOLution to carry our red, white, and blue flags high and win the future back to make our founding fathers proud. We shall learn, we shall march, we shall lead the way as a younger generation grows up more enlightened than any ever before.

Many in the liberty campaign said, "I will not vote for the lesser of two evils," so we did not, and voted freely, individually. Thank you America for voting in Obama, our future is four years brighter than if Romney would have won.


Wed, 11/07/2012 - 22:51 | 2959161 James_Cole
James_Cole's picture

"Those are NASA charts, and NASA charts don't lie like you."

Idiots are very good at misunderstanding / misinterpreting anything. As someone smart once said - human stupidity is infinite. 

The only part of this that is interesting is the fact that morons like you will reject the scientific consensus but accept without qualms a blog funded by a lobbyist group and run by a former TV meteorologist.

An additional irony being that said blog takes material from actual climatologists - who accept the general consensus - and then Watts uses his own completely uninformed scientific analysis to come up with bullshit theories and the supporters of the blog eat it up and contribute their own nonsensical ideas to the conversation. At least Watts is paid to spout his nonsense, what's your excuse? 

Thu, 11/08/2012 - 03:05 | 2959605 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Vast-Dom, 2014!!

Thu, 11/08/2012 - 15:17 | 2961520 Roger Knights
Roger Knights's picture

"At least Watts is paid to spout his nonsense, . . . ."

Watts isn't paid for his blogging. A Heartland document describes a request he made last year for funding for a different project:

"Anthony Watts proposes to create a new Web site devoted to accessing the new temperature data from NOAA’s web site and converting them into easy-to-understand graphs that can be easily found and understood by weathermen and the general interested public. Watts has deep expertise in Web site design generally and is well-known and highly regarded by weathermen and meteorologists everywhere. The new site will be promoted heavily at  WattsUpwithThat.com. Heartland has agreed to help Anthony raise $88,000 for the project in 2011.  The Anonymous Donor has already pledged $44,000. We’ll seek to raise the balance."

Watts later reported on the progress of this project:

"Using the funds provided with the help of Heartland’s private donor, I hired a specialist programmer familiar with NOAA systems to trap and convert the NOAA sat feed data to look like any other hourly station (like ASOS hourly stations at airports etc) so that we’d be able to start the visualization and comparison process. This is just one phase of the project before it is ready for public consumption. When finished, there will be a website free and open to the public that will allow tracking and visualization of temperatures from the CRN right alongside that of the regular surface network"

See http://wattsupwiththat.com/2012/04/07/an-update-on-my-climate-reference-...

Fri, 11/09/2012 - 08:38 | 2963882 Roger Knights
Roger Knights's picture

"said blog takes material from actual climatologists - who accept the general consensus - and  then Watts uses his own completely uninformed scientific analysis to come up with bullshit theories and the supporters of the blog eat it up and contribute their own nonsensical ideas to the conversation."

Unfortunately for the consensus, Watts is far from being completely uninformed, and his supporters' ideas have some bite too. Take a look at the latest thread (as of four hours ago) on WUWT, where leading climatologist Kevin Trenberth's latest paper is taken apart:

? Trenberth dials up the warming predictions

It's the consensus that is the nonsensus.

Fri, 11/09/2012 - 10:17 | 2964201 Roger Knights
Roger Knights's picture

Here's another thread, this one from three days ago, in which WUWTers deconstruct a climatologist's house of cards:


Wed, 11/07/2012 - 20:13 | 2958750 optimator
optimator's picture

I was convinced a long time ago that "They" carefully picked B.O. to eventually be the Fall Guy.

Wed, 11/07/2012 - 21:50 | 2958990 Sokhmate
Sokhmate's picture

Observation: I do not recall a movie with an end-of-the-world, Armageddon type of thing, involving the US&A where the president was not black, with occasional deformity (physical or mental.)

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