Marc Faber: "I Will Vote For Trump, Because Hillary Will Destroy The Whole World"

Tyler Durden's picture




 

Whenever Marc Faber appears in the financial media, in this case Bloomberg TV, one can expect the usual fire and brimstone sermon of how micromanagement of the global economy by central bankers will lead to disastrous results, something which we agree with wholeheartedly and as of two months ago, so did virtually every billionaire at Davos. Recall that just at the end of January, the WSJ when reporting from Davos said that "The world’s central banks can’t save us anymore. That was the message from some of the world’s most prominent investors at the World Economic Forum in Davos, Switzerland, on Friday. Their mood here was irritated, bordering on affronted, with what they say has been central-bank intervention that has gone on too long."

Somehow we doubt these same billionaires are quite as irritated, or quite as negative on central bank intervention two months later when thanks to, drumroll, central bank intervention, the Dow Jones has staged the biggest quarterly rebound from its lows since 1933.

Anyway, back to Faber, who - sure enough - ponders the idiocy of the IMF's counterfactual statement today, when Lagarde said the world economy would be worse off without negative interest rates:

... they will always say, if we hadn't done this and hadn't done that, it would be much worse.  They have no proof for this assertion.  In my view, it would have been better to let the crisis, already the first one in 2000, run its course and prevent the colossal credit bubble that was built up that then led to an even bigger crisis, and now they're doing the same mistake.

He then goes on to slam NIRP and the upcoming helicopter money:

... the magicians at central banks, they always come out with a new trick and these negative interest rates that we have today, this is for the first time in recorded human history from the times of Babylon up to today that we have negative interest rates, and it's not going to end well.  That, I can tell you.  But the sequence of how it will not end well, I'm not so sure.  But they still have a lot of ammunition.  What they can do is helicopter money.  In other words, they can send you and Mr. Bloomberg and me and everybody, say a check for $10,000, and that is like throwing gasoline into a fire.... will it help the economy?  That is the question.  It won't help in the long run.  You cannot grow an economy by just throwing money at people.

On what policies he would prefer instead:

... the less policies, the better it would be.  We all learned at school that the free market and the capitalistic system is the best allocator of resources, and now what we have is the worst allocation of resources because it's the government that tells you how these resources are allocated and they continuously expand their interventions, and I can tell you, I started to work in 1970.  In the 70's and early 1980's, central banks actually never came up in discussions.  They have now become like the messiah, and everybody watches what the central banks do and in the end, in my view, they will have, from a long term perspective, no impact whatsoever.  Now can they move markets short term?  Yes, but maybe not in the direction they want to.

None of these are necessarily new as Faber's position on these topics has been well known in advance. However, what surprised us was how clear Faber's political outlook is.

This is what he said:

You can buy the Singapore stock market with a four percent dividend yield. Well, Singapore is a relatively sound economy.  It's diversified and it's well run, unlike the U.S., unless, of course, the U.S. is run by Mr. Trump.  Then the U.S. will improve.

 

HYDE:  But Mr. Faber, I mean, we're seeing from Donald Trump's potential policies that he wants to slow international trade between the United States and other countries.  Surely that's going to be a block upon free markets.

 

FABER:  Well, I agree that it is negative if you have restrictions on a free market.  That, I agree entirely.  But you have to equally see that the U.S. has essentially given in on a lot of things that benefit other countries.  If you look at, say, the growth, 2000 to today, which countries have done relatively well?  The emerging markets have done fantastically well.  Their GDP has gone up substantially.  The standards of living have gone up substantially.  They have accumulated large reserves, and so forth.  The U.S. and Europe and Japan, relatively speaking, have been declining, and that, the statistics are visible from industrial production in emerging economies.  It's doubled in the last 12 years.  Global trade, you look at the share of emerging markets, it's gone up.  The developed world, the U.S., Europe, Japan, it's gone down and so forth.  So I think that maybe we have to find a way to have a more balanced approach to global trade.  I'm not saying protectionism, but the more balanced approach that is fair to the developed world.

 

BARTON:  Are you really a fan of Mr. Trump, Marc?  Do you really believe...?

 

FABER:  It is all relative.  Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world. Look at her nation building in the Middle East, how successful that has been. 

He is right.

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Fri, 03/18/2016 - 17:34 | 7332979 silverer
silverer's picture

Well Marc, welcome to the club with anybody with at least a half a brain. Hope to see you at the polls! And if it doesn't go well, maybe we can help each other dig our fallout shelters.

Fri, 03/18/2016 - 17:40 | 7332991 J S Bach
J S Bach's picture

"I would Vote For Trump, Because Hillary Clinton Will Destroy The Whole World"

You got that right, Faberino.  But, there are far greater reasons for voting for Trump.

The main one being...

We KNOW what we will get with any of the other candidates - both Republican and Democrat.  But there's this veeeeeery slight chance that there might be some substantial change if Trump gets in there.  If he's just another piece of establishment excrement - we haven't lost anything.  But, if he's for real, then humanity has gained some all-important ground against the destroyers.

Fri, 03/18/2016 - 17:41 | 7333010 Nutsack
Nutsack's picture

What Economy? The Greedy socialist jew FED printing joobux?

Fri, 03/18/2016 - 18:21 | 7333180 Latina Lover
Latina Lover's picture

Thank  you Marc Faber. This is why I always listen to your broadcasts and interviews: you have some understanding of what grunts like us feel every day. A satanic lunatic like Hitlery could burn the entire world down with her hubris and coddled ignorance.

Fri, 03/18/2016 - 19:00 | 7333322 Muh Raf
Muh Raf's picture

And beautifully articulated by Roger Stone... https://www.youtube.com/watch?v=8WZJy9J5IHc

Fri, 03/18/2016 - 19:23 | 7333404 Richard Chesler
Richard Chesler's picture

no shit Sherlock.

 

Fri, 03/18/2016 - 19:29 | 7333413 CheapBastard
CheapBastard's picture
Dems in Panic Over Hillary Candidacy: 'Our Nominee Is a Disaster' https://pjmedia.com/trending/2016/03/18/dems-in-panic-over-hillary-candi...
Fri, 03/18/2016 - 19:42 | 7333459 jbvtme
jbvtme's picture

looks like this country has been headed to hell for a while. at least with trump we'll be riding in a limousine.

Fri, 03/18/2016 - 19:57 | 7333505 Keyser
Keyser's picture

Electing Hillary Clinton as POTUS would be much like electing Al Capone to the office, with one exception...  Hillary Clinton has killed more people than Al Capone... 

Fri, 03/18/2016 - 20:12 | 7333551 Herd Redirectio...
Herd Redirection Committee's picture

Everybody Knows (by Leonard Cohen, remix by HRC)

Everybody Knows that the Rich are loaded

Everybody who rolled their short options lost

 

Everybody knows that the war is over
Everybody knows the good guys lost

Everybody knows the market is fixed

The poor stay poor, the rich get rich

Thats how it goes

Everybody knows

Everybody know Fed minutes are leaking

Everybody knows Grandma Yellen lied

Everybody got this broken feeling

Like the reserve currency just died.

Wallet out of the pocket

Cuz the S&P is like a rocket

Cocaine and hoes

Everybody knows

Everybody knows you love QE baby

Everybody knows that you really do

Everybody knows you've been profitable

Ah give or take a Q or two

Everybody know's Hildog's been discreet

But there were so many e-mails you just had to delete!

What does the FBI propose?

Everybody knows

 

Everybody knows, everybody knows
That's how it goes
Everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

 

And everybody knows that it's now or never
Everybody knows that it's me or you
And everybody knows markets rise forever

 

Ah when the ESF sets a VWAP algo or two

Everybody knows 666 was the bottom

The future is HFT bottin'

So tell your bros

What everybody knows

And everybody knows loss of reserve currency status is coming

Everybody knows the petrodollar won't last

Everybody knows Goldman's inside [wo]man

And everybody knows the Elites are in trouble

Everybody knows the Fed is through

Everybody knows its coming apart

Take one last look at those you mocked

Before it blows

And everybody knows.

EVERYBODY KNOWS!

Thanks, I'll be here all week.

Fri, 03/18/2016 - 20:18 | 7333572 krispkritter
krispkritter's picture

 "Thanks, I'll be here all week." Try the (gefilte) fish...

Fri, 03/18/2016 - 21:50 | 7333842 EBT excepted
EBT excepted's picture

dat some serus rap fo' da weekenn bruthah, dat be keepin' me n' mah bruthas outah trouble in da hood dis weekenn...some white bitches seerussly owe ya'all one...

Sat, 03/19/2016 - 00:19 | 7334139 Escrava Isaura
Escrava Isaura's picture

 

 

Marc Faber doesn’t understand that Trump and Hillary are both moderate Republicans that ONLY lean left on some social issues.

Hillary and Trump agree in most of the issues. Both are tyrannical/imperialist. Both will go overseas to deal. And if/when overseas say no, both will take by force that’s because our institutions and corporations wouldn’t survive a week. Good examples are Wall Mart shelves. Pentagon’s needs of oil. US financial system needs of extracting profits to cover retirement plans. And these needs grow exponentially, not that I need to remind any of you.

Sat, 03/19/2016 - 06:17 | 7334420 Keyser
Keyser's picture

Much as most Americans know fuck all about Brazilian politics, you demonstrate the same lack of knowledge about American politics... Best to remain silent, lest you let everyone know just how mis-informed you really are... Capiche? 

 

Sat, 03/19/2016 - 08:15 | 7334496 Escrava Isaura
Escrava Isaura's picture

 

 

Keyser:  you demonstrate the same lack of knowledge about American politics

 

Psychological Projection: The projection of one's negative qualities onto others is a common process in everyday life.

 

So Keyser, your statement tell us you’re no better than the general population in being indoctrinated by misinformation.

 

The excerpt below is by Veronique de Rugy, resident fellow at the American Enterprise Institute, a Conservative think tank. Rugy is also a policy analyst at the Cato Institute:

President Bush has signed a bill to regulate political speech, issued protectionist taxes on imported steel and lumber, backed big-spending education and farm bills, and endorsed massive new entitlements for mental health care and prescription drugs. When the numbers are added up, in fact, it looks like President Bush is less conservative than President Clinton.

It makes little sense to discourage one’s core supporters prior to a mid-term election. Yet that is the result when a Republican president expands government, which Bush is doing. Also, academic research on voting patterns shows that a president is most likely to get re-elected if voters are enjoying an increase in disposable income.

http://www.cato.org/publications/commentary/was-clinton-more-conservative-bush

 

Sat, 03/19/2016 - 09:32 | 7334655 jcaz
jcaz's picture

Beyond waxing and thongs,  the world has very little use for Brazil.  The fact that you live here and not in Brazil tends to bear this out.   Brazil has been a haven for crime and corruption, and now reality is bubbling up;  

But this is what happens every so often in Brazil-  the corrupt regime gets wiped out and replaced with a new corrupt regime-

Same old Brazil.

Sat, 03/19/2016 - 06:29 | 7334427 BarkingCat
BarkingCat's picture

"....because our institutions and corporations ..."

 

What do you mean "our"????

Are you not Brazilian???

Sat, 03/19/2016 - 08:16 | 7334497 Escrava Isaura
Escrava Isaura's picture

 

 

I have dual citizenship. And I live in America.

 

Sat, 03/19/2016 - 12:32 | 7335122 monk27
monk27's picture

So you are a dual loser...

Sat, 03/19/2016 - 08:16 | 7334500 RiverRoad
RiverRoad's picture

What Faber claims is quite true:   Central bankers have deliberately taken the developed world economies DOWN in order to build the EM UP and bring them "online".  It's all been a very deliberate plan initially conceived by Nixon-Kissinger-Banksters when they opened China up.  And central bankers have feasted while the Western world middle classes have taken it on the chin.

Sat, 03/19/2016 - 08:24 | 7334523 overmedicatedun...
overmedicatedundersexed's picture

when you sign on at CIA, you get to lie and have people think you are smart and an insider.. one dishonest  wife cheating ex cia head,

fucking pol general ,telling the masses it's ok to let hillary slide on the security breach she is.. laughable. keeps you outta levenworth so for him it's all good..a real snake this one is.

"In an interview with the Fox Business channel, David Petraeus said he believes Hillary Clinton is being treated fairly by investigators, contrary to “conspiracy theories” coming from both sides."

Fri, 03/18/2016 - 21:57 | 7333857 Jim in MN
Jim in MN's picture

Sanders is NOT done.  Mark my words. 

Last chance at peaceful change.  And it is going wire-to-wire.  Clinton's superPAC is out of cash and she's conceding state after state....when they get to New York and find Sanders emerging from the tall grass with 45% of actual delegates, all Hell is going to break loose.

Where?

In BROOKLYN

LOLOLOLOLOLOLOLOL

Clinton is toast already. 

Sat, 03/19/2016 - 02:00 | 7334225 Escrava Isaura
Escrava Isaura's picture

 

 

LOLOLOLOLOLOLOLOL

NO!

This is Sanders, few weeks from now

https://www.youtube.com/watch?v=nNpmXhE1YQo

 

Note: Joke aside, Sanders is for sure the ONLY conservative candidate running for US Presidency, because right wingers are not conservatives, but in their heads. And Liberals are not conservatives because they gave up the working classes on the 70’s. 

 

Sat, 03/19/2016 - 13:55 | 7335303 ThroxxOfVron
ThroxxOfVron's picture

Head of Bernie Sanders' SUPER-PAC has been ARRESTED BY THE FBI FOR FRAUD???


http://www.dailynewsbin.com/news/head-of-bernie-sanders-super-pac-arrest...

"...he keeps claiming he’s the only Presidential candidate who doesn’t have any Super PACs?

That illusion has come crashing down now that the head of a Bernie Sanders Super PAC was just arrested by the FBI for fraud.

To be clear, there is no indication that Sanders himself had any connection with the Super PAC founded in his name; he once tried to distance himself from it. In fact Presidential candidates are legally prohibited from directly coordinating with the Super PACs found in their name. So it’s a safe bet Sanders and his team had no involvement in the fraud allegedly committed to Cary Lee Peterson, who created the Pro-Bernie Super PAC which turned out to be a front for fraudulent business deals.

But the kicker is Sanders had to have known that this and other Super PACs were indeed created with the nominal intention of financially supporting his campaign – and it makes his longtime claims to the contrary look foolish. In fact a number of Super PACs have been spending money on Bernie Sanders for quite some time now.

For instance a nurses Super PAC has raised millions of dollars for his cause. Republican Super PACs have been trying to help Sanders defeat Hillary Clinton. And just this week a number of former Sanders staffers formed a Super PAC of their own. But it’s taken the arrest of the head of a fraudulent Bernie Sanders Super PAC to finally bring attention to the fact that he’s had Super PACs all along. "

Fri, 03/18/2016 - 19:44 | 7333463 Isy
Isy's picture

This is Donald Trump's most shocking statement yet,

However the mainstream media isn't saying a word about it!

What are they really trying to cover up?

http://ow.ly/ZGF4f

Fri, 03/18/2016 - 21:51 | 7333841 Liberty2012
Liberty2012's picture

Trump was not the first to call a bubble ;)

Fri, 03/18/2016 - 23:04 | 7333993 Lore
Lore's picture

@ Isy:  Shove your hack infomercial click-bait.

Fri, 03/18/2016 - 23:47 | 7334084 Chris Dakota
Chris Dakota's picture

told ya yesterday, she will not be the nominee.

Fri, 03/18/2016 - 19:42 | 7333452 jbvtme
jbvtme's picture

moved

Sat, 03/19/2016 - 01:50 | 7334254 Freddie
Freddie's picture

Canadian Ted Cruz goes full NeoCon.

http://www.freerepublic.com/focus/f-news/3411094/posts

Elliott Abrams to advise him.  Mega necon and son in law to Norman Podoerhetz.

Bush NeCons in 3-D.

 

Sat, 03/19/2016 - 02:41 | 7334302 cheka
cheka's picture

they are moving over from rubio camp.  he had abrams, chertoff, zelikow, etc..

 

they had three candidates -- jeb, marco, cruz

Fri, 03/18/2016 - 21:25 | 7333782 Liberty2012
Liberty2012's picture

Latina Lover "hubris and coddled ignorance" - describes both Trump and Hillary

Fri, 03/18/2016 - 19:51 | 7333483 Wile-E-Coyote
Wile-E-Coyote's picture

The history never taught is schools why Hitler hated the jews.

Fri, 03/18/2016 - 20:01 | 7333513 Keyser
Keyser's picture

There is some precedent... Jews have been expelled from 109 countries in the last 2000 years...  Gee, I wonder why...  https://www.youtube.com/watch?v=Kr9fyxUgkok

 

Fri, 03/18/2016 - 20:34 | 7333624 cheka
cheka's picture

traitors that sold out germany in ww1

Sat, 03/19/2016 - 06:00 | 7334417 Miles Ahead
Miles Ahead's picture

... and in the subsequent years thereafter until the next great war; having themselves declared War on Germany and prevented worldwide retail from sourcing, selling, German products through threat, intimidation, murder.

Sat, 03/19/2016 - 06:34 | 7334430 BarkingCat
BarkingCat's picture

You cannot be a traitor if it is not your country.

Fri, 03/18/2016 - 21:58 | 7333860 Liberty2012
Liberty2012's picture

@Keyser

Success breeds resentment ?

They were prevented from farming and therefore "limited" to other endeavors.

So God does have a sense of humor ;)

Of course He does - as should we all !

Fri, 03/18/2016 - 20:09 | 7333517 Frankie Carbone
Frankie Carbone's picture

Heil Hitler, my little Nazi friend. 

Pathetic. 

You do a gross injustice to everyone on this site when you and your simple-minded ilk come here and spew that horseshit. 

Would you please crawl back to StromFront? 

Fri, 03/18/2016 - 21:14 | 7333742 MFL8240
MFL8240's picture

How do you ruin an economy that is 21 TRILLION in debt by balancing our budget, making international trade deals fair, bringing jobs back to the USA, getting rid of 12 million people illegally in your country sucking off the system paying no taxes, ending these senseless wars and playing smart like we did after WWII? This article is absolute bullshit Mr Farber!

Fri, 03/18/2016 - 17:43 | 7333017 eatthebanksters
eatthebanksters's picture

At least he'll appoint an independent prosecutor to lead investigations on the TBTF banks and their involvement in the 2008 debacle, Benghazi, Fast and Furious and a few more criminal conspiricies carrid out by the Obozo regime...maybe Hilliary, Holder and some of of the big banking CEO's can play cards in prison togehter...Corzine ought to be the first to go.

Fri, 03/18/2016 - 18:04 | 7333104 wisefool
wisefool's picture

a few more criminal conspiricies

The international stuff hurts. Bhenghazi, Fast and furious, etc. But the domestic ones are truly soul crushing. Not to mention little old ladies will turn the furnace down in winter to save money donate to 501c3s and book tours for certain types of "tragedies" Absolute Satanism/Statism. Hillary will take these to the next level.

Fri, 03/18/2016 - 18:12 | 7333120 Chupacabra-322
Chupacabra-322's picture

Fuck'n A. Some mass arrests of the Pure Evil Scum Fuck Psychopath Oligarch Elite would quell the RAGE the American People are feeling.

Fri, 03/18/2016 - 18:31 | 7333219 Zero Point
Zero Point's picture

Only if life terms and the death penalty are liberally applied.

Fri, 03/18/2016 - 19:24 | 7333405 Hernando98
Hernando98's picture

Trump certainly has his work cut out for him! -Hernando https://globalstruggle.wordpress.com/

Fri, 03/18/2016 - 18:12 | 7333130 atomicwasted
atomicwasted's picture

I won't hold my breath.

Fri, 03/18/2016 - 23:32 | 7334060 FreedomGuy
FreedomGuy's picture

I would suggest we don't really know what he will do and what he won't do. He is a deal maker. What can be pretty sure of is the Hillary will firmly cement the corruption in place. The government is already being used against the opposition and for innumerable corrupt purposes. This is why Corzine is still free and still rich, along with Marc Rich, Eric Holder, Lois Lerner and many others.

What we can presume is that Trump is free of the normal political calculus. That means there is a chance, at least some chance that all the things you list will happen. I think it is possible with Cruz, too. He really does not care much who likes or dislikes him. That is actually part of why no one in the Senate endorsed him...although they will start if it looks like he will win.

Trump is a wild card and a majority of the Republicans and even many Democrats will take a wild card with unknown possibilities over the blathering conventional establisment liars...on both sides.

I also do not believe Trump, whatever his flaws will wreck America. My favorite thing to watch will be the next trade deal. I would do pay per view to see that.

Fri, 03/18/2016 - 18:28 | 7333204 gougeonit
gougeonit's picture

You will know, if he gets shot at. U Americans seem to kill all the good ones!

Fri, 03/18/2016 - 18:40 | 7333249 Charming Anarchist
Charming Anarchist's picture

Oh, I love good theater! 

If I was Trump, I would have already "shot" the footage of me gettting shot at. 

Fri, 03/18/2016 - 18:48 | 7333282 Mr. BaGoggles
Mr. BaGoggles's picture

The Donald is a loudmouth, talk-first, think-later insulting machine with an ego bigger than any room any of us have ever been in, so he could definitely get us in a heap of shit.

But dammit, I can't stomach that establishment bitch he's running against, so I'm voting for him anyway.

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