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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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.

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.

CrimsonAvenger's picture

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

erg's picture

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

A_S's picture

I like you tyler

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

metastar's picture

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

redpill's picture

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

old naughty's picture

"Gulag Koreapelago" !!!

I beat Amerika.

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

 

Dr. Engali's picture

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

RockyRacoon's picture

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

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?

resurger's picture

How come he didnt visit ZH yet

Cliff Claven Cheers's picture

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

RockyRacoon's picture

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

Go Tribe's picture

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

So Close's picture

Love Marc, tell it like it is, Faber.

old naughty's picture

He always does, no.

Doom, gloom, and soon BOOM !

Anusocracy's picture

Except that Krugman should go and die in North Korea.

Orly's picture

Love the nick!  Literally laughed out loud!

Clueless Nobel Prize-winning Economist...

SanOvaBeach's picture

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

Monedas's picture

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

The Axe's picture

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

 

RockyRacoon's picture

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

BraveSirRobin's picture

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

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.

hahahahahaha

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

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.

Anusocracy's picture

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

And can't may be sooner than they think.

unrulian's picture

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

baaaaaa.....baaaaaaaa

lynnybee's picture

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

RockyRacoon's picture

Good to see you lynnybee.  Hang in there momma.

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.

:D

eatthebanksters's picture

Central Planning = communism

CentralBanks of the world are working together...

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

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.

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.

RockyRacoon's picture

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

littleguy's picture

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

 

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!"

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.

knukles's picture

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

SanOvaBeach's picture

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

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!

http://investmentwatchblog.com/steve-forbes-biderman-u-s-tax-hike-worse-than-no-fiscal-deal-new-year-could-see-immediate-recession-at-worst-slower-growth-at-best/

 

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.

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.