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The Other Side Of Marc Faber: Gold, Hashish, And 'Efficient' Whiskey-Drinking
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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Woody Allen is Senior Advisor to Marc Faber.
Faber has a great mind,
and speaks gute Englisch.
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.
Faber's grin seems to be helped along by good hash. I like him even more now.
A couple thousand years ago, his name would have been Cicero.
I resemble that remark.
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
When Men were Men.
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...
+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.
I agree. It's all in good fun.
In any event I hope we all make some money next week.
Enjoy those PlayOff Games !
"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?
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.
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.
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.
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.
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...
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?
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.
"How am I behind?"
That's pretty sad, that you don't understand...
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.
"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.?
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.
"Knight" is spelled with a "K"
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.
A dying breed. They just don't make any more.
Whenever I hear him talk, I want to start goose stepping around the room........
Whatever floats your boat;)
"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!
Judging by your posts, I'd say you'd do it anyway, just for fun.
@ 2:10 is a classic example of the starry eyed Obama voter.
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?
"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.
The cat knows a thing or two about living. A living lengend for now, legendary for ever.
If you get 600 Obamabucks and buy an 8-ball, how much fiat will be left to buy 5 more...?
shake.... you're future looks bleak right now....
This is a real question on the inner city achievement tests !!!!
If you cut it then it would be a fractional reserve.
Some mysterious group is probably planting child porn and terrorist plans on his phone as we speak.
You forgot to mention Transitional Living Fund
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.
"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.
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.
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.
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.
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.
>> 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.
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.
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.
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."
@ Titan Uranus
Yes, I really do not know anything about sailing, boats, sailboats, catamarans and so on.
I'm not a fan of sea travel . I will use sea transport only in one case - if I do not have any another way.
But this does not mean that you are better than me. And it does not mean that I'm better than you .
Someone who likes boats and sea. Someone who likes planes and sky. Someone loves motorcycles , cars and roads or off-roads. The question is not whether someone like that .
The question is, that the yachts, airplanes, cars and motorcycles, it is only addition to our full life.
But for you, your boat, it is the main purpose and the main reason of your empty (in my opinion) life.
You don't have to agree with my dogma, which is a constitutional republic and traditional, time tested values. But at least admit that a large part of the problem the West has today, is inherernt in the attitudes we have about each other, and is directly related to the effects 50 yrs of commercialization and social engineering. You don't have to agree with my traditional values, but why are you surprised when you don't recognized the same country you knew in your youth?
Which has become the bane of western civilization. fiji's got it right and it's the Asian mindset. Live for today because tomorrow may never come. If you offer a Thai person 1000 baht today or 5000 baht tomorrow, they will take the 1000 baht every time. We over complicate things in the west and what do we get for it, stress, high blood pressure and sense of moral superiority. mai pen rai
NO one is jealous of you dude.
Give it a rest.
Whatever happened to the Libertarian ethos here?
If I can have it, anything I want, when I want it....
He is just persuing his idea of liberty and happiness... BFD, if it ain't sustainable, that is someone else's problem...
I'm talking about the meme which creates a misdirected attitude. I don't care what he does.
When you have a system thats rewards sociopaths, WTF do you expect?
I agree.
Fiji should be working 60 hrs a week doing a job he hates to pay for a huge but vastly overpriced suburban McMansion and paying off 2 giant SUV's and a snowblower to make the bankers a few more bucks.
And pay taxes. Lots of taxes.
It's the moral thing to do.
Fiji...you"re an evil subversive and must be re-educated.
"to the max."
You must have been on that boat since the 80s. Are you listening to Christopher Cross right now?
No. Unfortunately I'm sitting in my paid in full home that I bought cash at the peak of the 2008 crisis and drinking wine with my Bolivian wife planning our next trip. You identify with pop personalities I see. Makes you kind of dated huh?
Where are your other wives?
Since you identified her by her nationality, I'm assuming there are others.
If you answer in the affirmative, I want to be like you when I grow up. If not, then I would accept that fate sooner.
at least you are finally admitting you need to grow up.
if you want to collect trophies go for it we don't care.
@fijisailor.
I'm betting she is from Santa Cruz and extremely hot.
Don't mean to burst your bubble but you are simply a useful idiot to your bolivian wife and her family. When the time comes you'll be thrown to the dogs like the rest of the heathen.
I was thinking more like this:
https://www.youtube.com/watch?v=5rY8Pb8jrcQ
"You only get one life, live it to the max."
Sounds to me like that is precisely what Marc Faber is doing.
Oh goodie, make mine some Nepalese...
It must be the terroir as it always had lovely notes of anise...
That being said, the Afgani refugees that have set up shop in California are working their historic trade, the cheese coming out of there is indistinguishable from historic Afgani benchmarks, no more of the crumbly green shit....
I prefer Morroccan soapbar with the goathair and dogshit mixed in with the metal shavings.
Always reminds me of my European vacation.
The man is absolutely correct. Even for whiskey
I like civilized degenerates...we can enjoy the finer things of life without abusing them. On the other hand, I have his disdain and disgust of modern day banksters, politicians, corporations and how they have ruined this once proud nation. Drink more whiskey and scotch!
Good Friday reading, thanks.
Marc Faber is the Anti-Bernanke.
Bitcoin broke out of the triangle on the 12h chart to the upside, if it breaks out of the 60s than we could look at BTC consolidate at ~ $1015
http://bitcoinwisdom.com/markets/mtgox/btcusd
You got the wrong topic of discussion. Bitcoin is not discussed here, here are gathered here smart people. Your discussion thread, where usually collected idiots.
faber is the best of the "play the cards that are dealt to you" traders no matter how crooked the house is knowing all the time the only insurance you have is land and gold and .gov will take that, too, if they are allowed to get away with it.
Marc Faber understands that nobody wants to listen to an angry guy so he has perfected, and I do mean perfected, the art of saying what the angriest person would say about government, bankers, and other globs of excrement floating in the pond scum with a smile on his face and a chuckle. He's a guy cut from the mold of Doc Holiday, whose last words as he bled out from gunshots were "This is funny." I would give a lot to share a pipe of Chang Mai hash with this genius.
You realize that he is in all likelihood playing the role of entertainer...
Many men wear many hats.
Bernanke vs Faber:
http://www.youtube.com/watch?v=R8OWNspU_yE
I didn't get a $600 check, just a lot of bills and taxes.
It is a true genius who not only knows that gold is real money AND whiskey is the cheapest, easiest path to euphoria. No snark intended. I would totally party with this dude.
It's hard for me to not agree with all of this.....Ha ha ha
I'm actually drinking Thai Beer now as I type.
But seriously the well capitalized Miners should appreciate 25-30% for the 2014 calender year....
But surely now is not the time to buy those well capitalized miners - will they not be a lot cheaper after the crash of 2014?
Have a bowl of Tum Yum Goong with that Thai beer and then get a nice foot massage from a very pretty young girl. I know I would.
Do you find that hashish dims your mental capacity a bit?
My own experience is quite the opposite. Sharpens and amplifies the senses and mental acuity. Left unattended, the mind tends to drift towards an interior space which some may describe as philosophical or 'spiritual'.
Picture your ordinarily hard working brain setting in a large comfy chair with it's feet up and relaxing.
Depends on how you're wired, I suppose.
Damn he's good.
Spend your $600 on Jim Beam or Jack Daniels, truly American Products.
Hah, Jam ... well, I spend mine on delicious NW Micro-Brews ... in fact, hoisting a Black Butte Porter as I type. Cheers.
Marc you Swiss old drunk. I wish I had a Swiss beer right now. Good luck
http://youtu.be/0N2-jV189Zs
Thailand is the best place to live IMO. lease or accquire a peice of land, set up a well, grow some food or weed in Marc's case, and watch the outside world crumble. However the political situation in Thailand right now is something to watch...
Different results from same input. I cannot tolerate alcohol, other things work much better with no downside. Does Whisky really give you a overall benefit. Does it improve your health and have lot's of benefits? Again, what is a tonic at one dose, is a poison at another. As with practically all things in life, the right amount helps and the wrong amount hurts.
And this is how market guru Marc Faber lives http://forum.prisonplanet.com/index.php?topic=232182.msg1402294#msg1402294
Likeable Swiss finance matador, he looks like he wears cowboy boots and jumps in the pool with a beer and some smoke. Can't think of doom all the time.
Bloomberg: China May Become The Third-largest Holder Of Gold
Here it comes and a lot of people will be taken totally by surprise. Record buying of Gold by China last year will be translated in the much higher Gold holdings by PBOC. Bloomberg reports that these holdings could surpass now those of Italy and France - Jim Rickards talks about the announcement by Chinese Central Bank of 5,000 t of Gold holdings in the nearest future. It will be the game changer and puts Gold solidly into the investment game as well. Yesterday shock with Jobs numbers can be the sign of the real state of US Economy and it means that FED does not have any real exit strategy from QE permanent state. In another news Royal Mint in UK has run out of gold coins due to the exceptionally high demand.http://sufiy.blogspot.co.uk/2014/01/bloomberg-china-may-become-third.htm...
Did you know this video was first shared on http://drmarcfaber.blogspot.com on Thursday 1/9.. And you post it today...
A note of caution here gentlemen ... perhaps if you have an eight-figure net worth it is different, but as to the rest of us Thailand does not take kindly to farangs flaunting their hedonistic lifestyle and if you get caught sparking up you are looking at an unpleasant stretch in the local hoosegow and a large bribe to get out of that. I trust the good Dr. counts the Chiang Mai police chief among his best friends because if this is accurate he is taking a chance.
Thailand is still smarting from the old opium reputation ... the King of Thailand took steps to eradicate the production and Thailand is not a drug-friendly country.
Now in San Francisco I can spark up anywhere I like outside and no one's gonna say much. But I have my permit in my back pocket and I know the ropes.
Glenn Beck: Where Is German Gold?
Glenn Beck is digging up the mystery of German Gold repatriation. With the reports that even small amount of the delivered Gold so far was melted beforehand we can be sure that there is no more original German Gold left. As we have discussed before, theGold smashing down has started with Venezuela's request for Gold to be returned back and last year Gold's bloodbath was assured with Germany seeking for its Gold to be returned as well.http://sufiy.blogspot.co.uk/2014/01/glenn-beck-where-is-german-gold-gld....