The Other Side Of Marc Faber: Gold, Hashish, And 'Efficient' Whiskey-Drinking

Tyler Durden's picture

From hashish to drinking cheap whiskey in Chiang Mai clubs, the following clip rounds up the 'best of' Marc Faber over the last few years...

  • On the elites - "I am not sure the thinkers are in Davos"
  • On the media - "you are an optimist, keep on dreaming... us foreigners just laugh"
  • On solutions - "cut government expenditures by 50%; fire half the government... including the President"
  • On Americans - "people in the western world have abandoned personal responsibility"
  • On government - "who would have faith in the US administration, certainly not someone who thinks"
  • On Gold - "not to own gold is to trust central banks, and that you don't want to do in your life"

And another oldie but a goodie that sums up stimulus perfectly...

"The federal government is sending each of us a $600 rebate.
If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy."

 

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frankTHE COIN's picture

Woody Allen is Senior Advisor to Marc Faber.

kaiserhoff's picture

Faber has a great mind,

  and speaks gute Englisch.

Say What Again's picture

Even before I play the video, that image of Faber with a shity grin on his face makes me laugh.

Now that's the way to start the weekend.

Fukushima Sam's picture

Faber's grin seems to be helped along by good hash.  I like him even more now.

sixsigma cygnusatratus's picture

A couple thousand years ago, his name would have been Cicero.

disabledvet's picture

never made it to Chiang Mai...wanted to get there but went to Burma instead. (that cost me 70 bucks US for flight...100 bucks "forced conversion of the dollar", a carton of Marlboro Reds and a bottle of Johnie Walker...the guy in the seat next to me on the flight said "i'm spending ten grand for this week!" i had long hair, a backpack and couldn't even grow peach fuzz let alone a beard then) Spent two weeks on the proverbial "undiscovered beach" in South Thailand many, many, many (civilian) years ago when i was laid back and an okay kid...best two weeks of 3 months of traveling. "30 bucks US" was the bill for those two weeks, too. Everyone steals in America. We are...basically...immoral. http://www.youtube.com/watch?v=M87s_I-c-Xw

Millivanilli's picture

I drank Thai whiskey laced with amphetamine- unbeknownst to me, at a rave party on Ko phagna.  Kept thinking, shot after shot, shit, I'm not getting drunk and I am more awake.  Chuckles...

trader1's picture

+1

sad (funny) thing is that people are junking you, because woody allen is jewish.  

or they simply cannot appreciate your comment/joke, because they just don't understand.   

faber is the bill hicks of the investment world.  

frankTHE COIN's picture

I agree. It's all in good fun.
In any event I hope we all make some money next week.
Enjoy those PlayOff Games !

CrashisOptimistic's picture

"The federal government is sending each of us a $600 rebate.
If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy.

 

A lot of people are getting this wrong.

So I buy oil and get oil . . . and they get pieces of paper.

So I buy a laptop and get a laptop . . . and they get pieces of paper.

 

How am I behind?

SilverIsKing's picture

What did you do to earn those pieces of paper?

When the oil runs out and the laptop no longer functions, where does the value of your labor lie?

That's my takeaway.

shovelhead's picture

Today's filet is tomorrows turd.

Your labor ultimately ends up in the same place.

Using it efficiently and wisely to remain in surplus is the trick.

bonin006's picture

You are not behind, the issue is that you got $600 from the government to supposedly help the economy, but no matter how you spend it, it doesn't help the US economy much.

Greenskeeper_Carl's picture

You are correct in the sense that you will have those things. But what he means, I think, is that all this money is spent hear, but ultimately it still all goes overseas because of our massive trade deficit. It is also the way we export our massive amounts of newly created dollars. Inflation is about the only thing we export, and probably one of the main reasons we don't see as much of it here as we would otherwise.

Volaille de Bresse's picture

Your quote was the mantra of the 80's in the US. Useless paper to buy anything...

 

"How am I behind?"

 

2014 : you ARE behind, behind everyone except Africa...

 


Tall Tom's picture

Those "pieces of paper" are a promise to pay something of value at a later time. Sooner or later the debt will be repaid or defaulted upon.

 

If it is to be repaid then you are screwing your own children in the ass and are no better than a pedophile.

 

If it is to be defaulted upon then you are no better than a common thief. Making a promise to pay and not following through is a theft through deception...a fraud.

 

(Max Keiser has it right when he and his guest suggested that White Collar Financial Crimes be equivocated to Low Class Street Crimes. I have been doing a good job of that recently.)

 

So tell me how are you behind? Have you no morals? Or, like many others here, do you just claim that you are a member of the Animal Kingdom?

shovelhead's picture

The truth is that if EVERYBODY had to pay as they go there would be a whole lot less of expensive free shit. Spend-aholics with an unlimited line of credit is a very bad idea. Even Mother Teresa would end up with her crucifix in hock.

Credit can be a medicine if used properly or it can be a death dealing narcotic if abused.

 

OceanX's picture

"How am I behind?"

 

That's pretty sad, that you don't understand...

css1971's picture

Well, if we ignore the debt thing. It isn't just the oil, laptop, car that have value. It is the infrastructure which helped produce them which also has value. By offshoring the production, you also offshore the supporting economic activity.

It's like taking a diverse ecosystem which is self sustaining, and turning it into a monoculture, the monoculture may be productive in the short term but it's not self sustaining and when the supporting inputs stop, it's going to collapse in on itself.

Mister Ponzi's picture

"The federal government is sending each of us a $600 rebate.
If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy."

Didn't he also add at the time that the only way to support the U.S. economy is spending your money on beer and prostitues in the U.S.?

 


realWhiteNight123129's picture

I am not junking Woody Allen because he is jewish, I am junking Wooden Allen because he is boring. Woody Allen is not a boring jewish guy, he is a boring guy. Ah, he happens to be jewish? Yes I know that and I do not give a damn about it.

 

trader1's picture

"Knight" is spelled with a "K"

zjxn06's picture

Faber = Truth Teller

Must make the politicos and elites very uncomfortable.

I'd buy him a bottle fine single malt in a bar for the price of listening for a few hours.

Guessing Marc would tell me what he really thinks.

wisehiney's picture

A dying breed. They just don't make any more.

squexx's picture

Whenever I hear him talk, I want to start goose stepping around the room........

kaiserhoff's picture

Whatever floats your boat;)

silvermail's picture

"Whenever I hear him talk, I want to start goose stepping around the room........"

You must fulfill your desires. If you want to be a goose, why not? Go for it!

shovelhead's picture

Judging by your posts, I'd say you'd do it anyway, just for fun.

Harbanger's picture

@ 2:10 is a classic example of the starry eyed Obama voter.

Yardfarmer's picture

i watched this same bumptious bimbo jumping Jim Rickards back in December on CNBC with her unfailing delirious attempts to derail, misdirect, and otherwise gloss over the gravity of the ongoing economic debacle with sophomoric psycho babble. where do they dredge up these marginally educated sycophants and morons? 

Greenskeeper_Carl's picture

"Where do they dredge up these marginally educated sycophants and morons". From every Ivy League/ top tier educational system in this country. Being a sycophant and moron is the path to success. They bring in people like Rickards or Faber to make them sound crazy, then marginalized them since these sycophants you mentioned serve the ver important purpose of reinforcing the normalcy bias by telling people what they want to hear.

LeisureSmith's picture

The cat knows a thing or two about living. A living lengend for now, legendary for ever.

Rainman's picture

If you get 600 Obamabucks and buy an 8-ball, how much fiat will be left to buy 5 more...?

Sudden Debt's picture

shake.... you're future looks bleak right now....

Rainman's picture

This is a real question on the inner city achievement tests !!!!

Soul Glow's picture

If you cut it then it would be a fractional reserve.

Stuck on Zero's picture

Some mysterious group is probably planting child porn and terrorist plans on his phone as we speak.

 

fijisailor's picture

Faber is a little bit too degenerate for me.  I like staying healthy, running my own central bank and exploring the remote corners of the world by small sailboat.  You only get one life.  Live it to the max.

Harbanger's picture

"You only get one life.  Live it to the max."

That's actually a selfish attitude that's perpetuated by the money lenders and marketeers.

fijisailor's picture

OK you suffer for the masses then.  I'll think about you next time i"m anchored off a small uninhabited Pacific Atoll.  Yea I'm one selfish motherfucker.

Harbanger's picture

Don't forget to bring a Geiger counter.  I didn't say YOU were selfish.  I don't care if you invest in coke and hookers.   The "You only live once" meme, is a phenomenon of modern Western culture, made popular in music and youth culture by lenders, marketeers and TPTB.

fijisailor's picture

To me it is simply reality.  Nothing to do with pop music and western culture which I have no admiration for.  You're a little too concerned with fads.

rum_runner's picture

Your first failure is in beholding the notion of "I" that gets to "live once."  Go futz around the ocean, have your experiences.. when you're coughing up your last you'll find it wasn't much of a mantra after all.

greatbeard's picture

>> by lenders, marketeers and TPTB.

I don't particularly fancy your dogma but I have to agree with you here.  And I don't see you pointing it out as any attack on fiji.  The whole "You only live once" meme is intended to maximize the purchase of material goods, whether needed or not.  Cruising on a small sailboat is hardly maximizing conspicuous consumption.

 

 

fijisailor's picture

Good point.  Crossing the Pacific using 2 gallons of diesel is hardly conspicuous.  In fact it's the lowest cost of living I know of.

silvermail's picture

Not everyone in society has its own yacht . Some do not have even food for tomorrow .

You did not come here to read and thinking. You came here just to boast. You just need to someone to boast that you have a yacht and some financial opportunities. The whole point of your boring life, is the urgent need to brag to someone.

All people are divided into three types:
- People Creators - they get the joy of creation and any money, can not replace them this joy. Ability to create, able to feel useful to society - is the need for such people and it is their happiness.
- People Warriors - they get the joy of destruction in the enemy camp and any money, can not replace them this joy. Possibility of war, the possibility of winning - is the need for such people and it is their happiness.
- People Grass - they get the joy from knowing the fact of the existence sobsvenno and any money, can not replace them this joy of grass. Opportunity to be useless grass, the opportunity to observe their own useless aging - is the need for such people and it is their happiness.

You belong to the latter category.
I would drown myself out of boredom and despair in 2-3 months such useless life on a yacht, that you describe with such enthusiasm. Sorry.

Titan Uranus's picture

silvermail

 

1.  A sailboat is not necessarily a yacht.  People who confuse the two words know very little about either.

2.  You clearly have done very little sailing.  It involves many emotions, but boredom is rarely one of them.

3.  Saying that you own a sailboat is not boasting any more than saying that you own a car or a house is boasting.

4.  There is an adage that says, "When you are on a powerboat, you are going somewhere.  When you are on a sailboat, you are already there."  I don't expect you to understand what that means, but some others will.

5.  I wonder how much of your own food you shared last week with those who had none.

6.  Let me guess - you are a "people creator."  As they teach one to say in finishing school, "How nice."