Marc Faber: "Paul Krugman Should Go And Live In North Korea"

Tyler Durden's picture


If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most concerned about, a discussion of gold and silver, and culminating with his views on a world reserve currency, is him saying the following: "The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn't intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea." Priceless.

50 minutes of Faberian bliss:

Courtesy of TheBubbleFilm

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Fri, 12/14/2012 - 02:38 | 3062001 monkeyboy
monkeyboy's picture

If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea." Priceless.

Faber is the man!

One of the quotes of 2012 and probably 2013.

Thu, 12/13/2012 - 22:33 | 3061687 Tyler Durden
Tyler Durden's picture

Courtesy of the one and only William Banzai: "QE BaSiC PRoCeSSeS: THe RoLE oF "PRiMaRY DeaLeRs""

Thu, 12/13/2012 - 22:40 | 3061708 realtick
realtick's picture

WB7 is on fire lately:

Thu, 12/13/2012 - 23:04 | 3061761 Dr. Engali
Dr. Engali's picture

Lately? Banzai is always on fire. His imagination burns so hot he needs the embers of hell to cool him down.

Fri, 12/14/2012 - 00:20 | 3061904 CrimsonAvenger
CrimsonAvenger's picture

Banzai doesn't use sun screen. The sun uses Banzai screen.

Fri, 12/14/2012 - 00:29 | 3061912 erg
erg's picture

Sir William Banzai dwells beneath Hell itself. Tartarus is his domain.

Thu, 12/13/2012 - 22:46 | 3061716 A_S
A_S's picture

I like you tyler

i don't say that often, although, i'm drunk now

Thu, 12/13/2012 - 23:39 | 3061841 metastar
metastar's picture

Love man. Dude, there's so much love here on ZH.

Thu, 12/13/2012 - 23:55 | 3061869 redpill
redpill's picture

Rule #69 of fight club: always double wrap when doing other members of fight club

Thu, 12/13/2012 - 22:49 | 3061723 old naughty
old naughty's picture

"Gulag Koreapelago" !!!

I beat Amerika.

By increasing to 1 in 2 (all) Koreans. Hehehe.


Fri, 12/14/2012 - 00:57 | 3061937 fourchan
fourchan's picture

that chart is gold

Thu, 12/13/2012 - 23:01 | 3061753 Dr. Engali
Dr. Engali's picture

Has Ritholtz ever had an original thought?....just asking.

Thu, 12/13/2012 - 23:06 | 3061766 RockyRacoon
RockyRacoon's picture

Why don't you go to his site and ask him.  What's that got to do with anything?

Thu, 12/13/2012 - 23:22 | 3061797 Dr. Engali
Dr. Engali's picture

Why would I waste my time on his web site when I can get everything he pilfers from the original authors?

Fri, 12/14/2012 - 07:08 | 3062101 resurger
resurger's picture

How come he didnt visit ZH yet

Fri, 12/14/2012 - 00:35 | 3061918 Cliff Claven Cheers
Cliff Claven Cheers's picture

RockyRacoon why the fuck would anyone down vote you for pinning a graphic that is pretty darn accurate?

Fri, 12/14/2012 - 01:31 | 3061957 knukles
knukles's picture

Some people got no taste

Fri, 12/14/2012 - 01:53 | 3061969 RockyRacoon
RockyRacoon's picture

Fight Club rules I guess.  Somebody got a cob up his ass.  Humor seems to be at a premium.

Fri, 12/14/2012 - 06:26 | 3062082 Go Tribe
Go Tribe's picture

They could replace college economic texts with that graphic and be done with Econ 101.

Thu, 12/13/2012 - 22:29 | 3061670 So Close
So Close's picture

Love Marc, tell it like it is, Faber.

Thu, 12/13/2012 - 22:51 | 3061729 old naughty
old naughty's picture

He always does, no.

Doom, gloom, and soon BOOM !

Thu, 12/13/2012 - 23:24 | 3061801 Anusocracy
Anusocracy's picture

Except that Krugman should go and die in North Korea.

Thu, 12/13/2012 - 22:36 | 3061695 Orly
Orly's picture

Love the nick!  Literally laughed out loud!

Clueless Nobel Prize-winning Economist...

Fri, 12/14/2012 - 09:50 | 3062327 SanOvaBeach
SanOvaBeach's picture

Anybody that knows exactly WHEN, can become a billionarie.  But of course, that is the really hard part.

Fri, 12/14/2012 - 12:58 | 3062994 Monedas
Monedas's picture

Tyler, the next time Faber quotes me .... I want a credit line .... jeeez ?

Thu, 12/13/2012 - 22:25 | 3061657 The Axe
The Axe's picture

Please  so tired of his bullshit ....the central banks hold all the cards...


Thu, 12/13/2012 - 22:31 | 3061679 RockyRacoon
RockyRacoon's picture

52 jokers don't exactly allow for a strong hand.

Thu, 12/13/2012 - 23:42 | 3061846 BraveSirRobin
BraveSirRobin's picture

It does when you can conjure from the ether 5,000,000,000,000 aces at will.

Thu, 12/13/2012 - 22:52 | 3061737 chump666
chump666's picture

No. They are dumb, the last of the deterministic, archaic, bizarre mad scientists.

Funniest thing I heard Faber say once, is that he wouldn't even let Bernanke mow his lawn.


ah f*ck yeah...more humor please.

Fri, 12/14/2012 - 02:17 | 3061988 littleguy
littleguy's picture

what, what is this heretical post? You mean it's impossible to predict with absolute certainty the outcome of central planning interventions?? You are a fool, a mad man Sir. 

Krugman and co. know best. They have PhDs from MIT AND HARVARD!!!! oooooooh


fuck the lot of them.

Thu, 12/13/2012 - 23:33 | 3061823 Anusocracy
Anusocracy's picture

The central banks can continue their machinations until they can't.

And can't may be sooner than they think.

Fri, 12/14/2012 - 09:03 | 3062207 unrulian
unrulian's picture

Please so tired of his bullshit ....the central banks hold all the cards...


Thu, 12/13/2012 - 22:26 | 3061658 lynnybee
lynnybee's picture

thank you for posting this.   i'm a real Dr. Faber fan.   he is the man.

Thu, 12/13/2012 - 22:31 | 3061683 RockyRacoon
RockyRacoon's picture

Good to see you lynnybee.  Hang in there momma.

Thu, 12/13/2012 - 22:33 | 3061690 Orly
Orly's picture

I got to ask him a question via email on CNBCWorld once.  That was really cool.

Of course, it was three years ago and the question was something like whether it were possible for the Fed to take away the punch-bowl after the party.  He laughed and said, "Very good question."

That was cool.


Thu, 12/13/2012 - 22:32 | 3061684 eatthebanksters
eatthebanksters's picture

Central Planning = communism

CentralBanks of the world are working together...

Do you think we are still a free market capitalist society?

Thu, 12/13/2012 - 22:34 | 3061693 RockyRacoon
RockyRacoon's picture

Um, no.  What do I win?

Thu, 12/13/2012 - 23:42 | 3061844 Anusocracy
Anusocracy's picture

A date with Miss Michigan?

Fri, 12/14/2012 - 01:35 | 3061961 knukles
knukles's picture

A free all expenses paid 6 day 7 night holiday at The Colonic Club in beautiful Fresno, California complete with 3 enemas a day provided along with all meals, beverages and vegetable snacks.

Thu, 12/13/2012 - 22:33 | 3061685 Esso
Esso's picture

Hell, I think I want to go live in NK. I just found out that smoking inside isn't a felony like here, and I'll betcha smokes aren't 5-10 bucks a pack.

Thu, 12/13/2012 - 22:34 | 3061697 RockyRacoon
RockyRacoon's picture

Soylent Green 100s.  The smoke of the proletariat.  Literally.

Fri, 12/14/2012 - 02:13 | 3061984 littleguy
littleguy's picture

If you don't work at Goldman, you're a prol.


Thu, 12/13/2012 - 22:48 | 3061722 chump666
chump666's picture


Thu, 12/13/2012 - 22:51 | 3061734 Jack Burton
Jack Burton's picture

You tell 'em Marc Faber! Here is his long standing quote of fame.

"They will print and print and print, then they will take us to war. Against whom you ask? America will always find someone to go to war with!"

Thu, 12/13/2012 - 23:01 | 3061752 hairball48
hairball48's picture

"They will print and print and print, then they will take us to war. Against whom you ask? America will always find someone to go to war with!"

I suspect he'll be proven correct in the not too distant future.

Fri, 12/14/2012 - 01:36 | 3061962 knukles
knukles's picture

Like it has to be reproven, again?
We're already there....

Fri, 12/14/2012 - 00:11 | 3061891 SanOvaBeach
SanOvaBeach's picture

W. Churchill said of America (USA) that, "when all else fails, America does the right thing."

Thu, 12/13/2012 - 22:52 | 3061735 tooriskytoinvest
tooriskytoinvest's picture

Steve Forbes & Biderman: U.S. Tax Hike Worse Than No Fiscal Deal. New Year Could See Immediate Recession At Worst, Slower Growth At Best!


Thu, 12/13/2012 - 22:55 | 3061743 chump666
chump666's picture

Add also, which is locked in, energy, food and insurance spikes for 2013.  No matter what those morons come up with, pain will be felt.

Thu, 12/13/2012 - 22:55 | 3061744 Jack Burton
Jack Burton's picture

The fiscal cliff is a hoax. Anyone tell me how we sustain America if we do not CUT SPENDING and INCREASE REVENUE.

We can not always spend more than we take in. The fiscal cliff is, in reality, the only sensible course. If that takes America into recession, then it proves that money printing, borrowing and government overspending are all that keeps this American economy afloat.

That is not an economy, it is a communist economy.

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