Marc Faber: "The Best Thing The Fed Could Do For Markets Wold Be To Collectively Resign"

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Tue, 08/09/2011 - 19:19 | 1544530 cossack55
cossack55's picture

The best thing the Fed could do for the markets (and mankind in general) is a circular firing squad.

Tue, 08/09/2011 - 19:33 | 1544578 Long-John-Silver
Long-John-Silver's picture

No NO NO! We need to throw a Guillotine Party for them. Have you not checked on the costs of guns and ammo lately?

Guillotines are quiet, fast, efficient, 100% human powered, and provide outstanding entertainment value.

Tue, 08/09/2011 - 19:35 | 1544582 fuu
fuu's picture

Shovel ready.

Tue, 08/09/2011 - 19:35 | 1544585 Smiley
Smiley's picture

I'll volunteer for basket duty!

Tue, 08/09/2011 - 19:40 | 1544600 WestVillageIdiot
WestVillageIdiot's picture

When we walked through Place de la Concorde I just kept thinking, "what a wonderful place".  Storm the Bastille, bitchez. 

Tue, 08/09/2011 - 22:47 | 1545055 wisefool
wisefool's picture

snark: When we decide to do it. I am going in to get Wesley Snipes out first, and timmy too if he is in there at the time. (junk if you must)

My similar moment of granduer was getting my PhD from the esteemed institution of CNBC were the janitor has a PhD and I heard this:

non snark paraphrase:"It is kinda weird how you don't tax consumption in any meaningful way"

 -- British dude from Fitch to Bartriromo last week regarding the US credit rating.

tax code bitchez. S&P > D&R (political parties)

Tue, 08/09/2011 - 21:19 | 1544855 3.7.77
3.7.77's picture

Better yet.....

Tue, 08/09/2011 - 21:50 | 1544942 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

I am going to sit back.  Blood splattered popcorn makes me sick.

Tuco

Tue, 08/09/2011 - 23:37 | 1545144 Clockwork Orange
Clockwork Orange's picture

WAIT!  WAIT!  WAIT!

Think of what we could raise on Pay-Per-Veiw.  From ZHers alone!!!!

I am ready to pay for the public gallows for everyone I ever met on my JPMorgan Chase Credit Card right now!!

Seriously.  Nothing would make me happier.  

Except maxing out then pulling the lever at the gallows, that is.

Wed, 08/10/2011 - 03:20 | 1545377 KowPie
KowPie's picture

Naaa.... They can do pretty good FX in Hollywood these days. I want it live and in person to make sure I'm not being bamboozled yet again by the goobermint.

Tue, 08/09/2011 - 20:19 | 1544684 Dr. Acula
Dr. Acula's picture

The Fed governors should enroll at the Ludwig von Mises Institute.

Maybe they can learn something about economics.

 

Tue, 08/09/2011 - 20:50 | 1544785 disabledvet
disabledvet's picture

I know everyone in New York is totally absorbed in "parsing phrases" and "divining meaning from the statement" but FYI in Washington DC what made all the news was how The Bernank "made his arrival" and what he did when he got there:

http://www.youtube.com/watch?v=_NwllttiP0k&feature=player_detailpage
who knew? he really is Mr. Amazing!

Tue, 08/09/2011 - 21:21 | 1544865 Maniac Researcher
Maniac Researcher's picture

The best thing Zerohedge could do is spellcheck the titles of its articles before posting them. Why? Because if you're going to yell fire in a crowded theatre, you'd better have your shit together.

My take is that you [collectively] don't.

You [collectively] see only disaster and apocalypse because this tactic makes it easy to avoid responsibility. Why spend time educating people and building things when you can simply claim that the whole paradigm is going to collapse at any time?

All I see is a lot of semi-affluent folks whining about taxes and the exploits of more powerful versions of themselves [ie. the selfish banksters that only care about getting rich, privatizing everything and avoiding anything resembling responsibility to society - sound familiar?]. You always have someone else to blame, don't you?

 

Better luck next time. Spellcheck, people - if you want to be taken seriously outside your own echochamber.

Tue, 08/09/2011 - 21:40 | 1544907 Debt Rolling
Debt Rolling's picture

A voluntarist and culturalist leftist... go back to the HuffPo or the 1960s, please. Or go masturbate on your J.P. Sartre books. 

Tue, 08/09/2011 - 21:48 | 1544934 Maniac Researcher
Maniac Researcher's picture

Right. Labeling people based on what they criticize you for is surely the best way to understand those phantom images also known as other human beings.

I'll bet you've read more Sartre then you care to admit.

Anyway, your wannabe anti-intellectual tough guy act is unconvincing. Maybe you should get off the internet and spend more time shitting yourself to get into character.

Tue, 08/09/2011 - 22:12 | 1544981 nonclaim
nonclaim's picture

First you label:

I see is a lot of semi-affluent folks whining about taxes and the exploits blahblah

Then you complain:

Labeling people based on what they criticize blahblah

---

What a f'ing idiot...

Tue, 08/09/2011 - 22:47 | 1545052 TruthInSunshine
TruthInSunshine's picture

The Government Sock Puppets are out in full force lately.

How many are there? 5,000? 10,000?

I know that the Sock Puppet operation gives them each 20 unique IP Addresses and characters with which to spread misinformation and run interference, so that's a big force multiplier.

Wed, 08/10/2011 - 11:18 | 1546483 Maniac Researcher
Maniac Researcher's picture

Keep making excuses.

You've got nothing but your pettiness. You offer no solutions.

Crying out for collapse when there's plenty of work to do only makes your impotence all the more obvious - which is why my minor critiques strike a nerve here. You could simply ignore me, but instead you fall all over yourselves to defend your little hate jerk-off.

You don't even have original ideas; I criticize spelling, so you do. I expose hypocrisy, and so you try to follow suit.

It's painfully clear that you've got nothing constructive to offer. It makes it easy to poke holes in your flimsily constructed realities. A simple misspelling is just that; but in the context of blatant hypocrisy, it is a worthy subject of discussion - uncomfortable as it may be.

Your internet tough guy tactics make work on others, but I am unimpressed. Strip away that veneer and you [collectively] have little to offer beyond bitterness. Grab a shovel and do something useful and quit your whining. Outside this echochamber [I'll keep utilizing this term as one word, thanks] original ideas do exist - despite your apparent desire that these pesky realities would just go away. Holding on to hypocritical frameworks will keep you closed off to alternatives and prolong your discomfort. Cheers.

Tue, 08/09/2011 - 22:55 | 1545070 disabledvet
disabledvet's picture

can i label you as "hot" and if so "is it true?"

Tue, 08/09/2011 - 22:47 | 1545054 nah
nah's picture

its the economy, bitchez

Wed, 08/10/2011 - 00:51 | 1545238 macholatte
macholatte's picture

Yo, Maniac!

 

nar·cis·sism

noun  

1. inordinate fascination with oneself; excessive self-love; vanity.

2. Psychoanalysis . erotic gratification derived from admiration of one's own physical or mental attributes, being a normal condition at the infantile level of personality development.

 

and Fuck Off!

 

Wed, 08/10/2011 - 11:21 | 1546497 Maniac Researcher
Maniac Researcher's picture

I'm glad you've learned how to use a dictionary. Type in "straw man" next. Your final "Fuck Off!" also sounds a little desperate -- what, my minor criticism has caused you that much annoyance? Grow some backbone.

Tue, 08/09/2011 - 21:40 | 1544910 bulldung
bulldung's picture

Haven't you seen the new phonetic spell check? Wold is exactly correct.

Tue, 08/09/2011 - 23:43 | 1545155 Stares straight...
Stares straight ahead's picture

That's how Faber pronounces "would".

Wed, 08/10/2011 - 00:46 | 1545231 macholatte
macholatte's picture

The letter "R" does not exist in Maine.

States Rights, Bitchez!

 

Tue, 08/09/2011 - 21:49 | 1544936 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

We welcome you even though you are obviously a very sllllllooooooow learner.

T. D. please forgive him for he knows not what he does.

Tuco

Tue, 08/09/2011 - 22:04 | 1544968 nonclaim
nonclaim's picture

If it wasn't the typo you'd complain about Faber having a funny accent...

Tue, 08/09/2011 - 22:12 | 1544989 The Gooch
The Gooch's picture

Echo chamber is two words. 

Tue, 08/09/2011 - 22:14 | 1544996 The Gooch
The Gooch's picture

DAMN! ARE two words.

Tue, 08/09/2011 - 22:26 | 1545011 tkoski6600
tkoski6600's picture

How good is that?  Thank you.

Tue, 08/09/2011 - 23:18 | 1545109 snowball777
snowball777's picture

'Echo' AND 'chamber' are two words.

Tue, 08/09/2011 - 23:37 | 1545145 UGrev
UGrev's picture

We kollektively grasp the math and the math spells |]00|\/|..

Wed, 08/10/2011 - 02:07 | 1545299 StychoKiller
StychoKiller's picture

You [collectively] see only disaster and apocalypse because this tactic makes it easy to avoid responsibility. Why spend time educating people and building things when you can simply claim that the whole paradigm is going to collapse at any time?

 

Please feel free to fight all the bureaucrats standing in your way when you go to start your own business -- consider all the fees and red-tape a challenge -- you sound like you're up to it!

Also, show me all the responsible people that have been placed in cells for the Gulf oil disaster, imploding the financial system, allowing guns to wind up in the hands of the Mexican drug cartels, etc.  In short, the US Govt DESERVES TO COLLAPSE!

Pity is though, that a lot of innocent people will wind up dead or dismembered in the melee!  Check your premises, because your conclusions are 180° out of focus!

Wed, 08/10/2011 - 11:28 | 1546542 Maniac Researcher
Maniac Researcher's picture

Since when are you the final arbiter on when and what should collapse?

Perhaps one day you'll learn to put yourself in the shoes of those who are "acceptable losses" and realize that when you imagine *yourself* as the innocent person who gets killed off - cheap words don't sound quite so lofty.

Do you dynamite your car when the check engine light comes on, too? Different people have different ideas about when it's time to give up. No matter what you say, it's never a good option - and certainly not one worth promoting. Again - this is simply a sign of laziness. Frustrated laziness, yes - but still an impotence and unwillingness to act. This is why my comments raised your ire - because they expose this reality.

Wed, 08/10/2011 - 03:26 | 1545378 KowPie
KowPie's picture

"Better luck next time. Spellcheck, people - if you want to be taken seriously outside your own echochamber."

 

Well fucknut, since we're on spell check... "echochamber" is a phrase that is actually 2 words. Ergo "echochamber" would, properly spelled, read "echo chamber". But hey, it's just your left wing edumakashun showing. No harm, no foul.

Wed, 08/10/2011 - 11:41 | 1546623 Maniac Researcher
Maniac Researcher's picture

I find this comment ironic since it is precisely critics like you who arguing for a *less* intellectual conversation here. Again - more hypocrisy on display.

Has my point been received loud and clear yet? Hypocritical attitudes are very unlikely to produce constructive results. All the things you complain about here [many of which are valid, by the way] are not going to get any better until a little self awareness and criticism occurs. No matter how much bile you sling my way - this will not change. Any relief you get from tearing me down is going to be limited because the problem remains the same: Your motives and ideas will be bankrupt without some form of critical analysis. This cannot occur in a system where ideas cannot be freely exchanged. Willful ignorance will continue to prevent that from occurring - and thus hypocrisy will continue to reign here. Thus, you create a situation where it is easy for individuals like me to point that out - adding to your continued annoyance. Can't say I feel bad for you, as you are helping to create the problem you are reacting against.

 

But I guess that's a pretty good definition of reactionary, is it not?

Wed, 08/10/2011 - 22:19 | 1549606 KowPie
KowPie's picture

The irony is that you made a pointed (much like the top of your head) reference to "spell check" and hurled an insult referenced to same and when called out on it you (like most delusional hypocrits) simply ignored it to hurl more insults. Who's the hypocrite here? Who will never produce constructive results? "Continued annoyance"? Only at the fact that you breathe precious oxygen that a productive being might need to produce invigorating thought and stimulating conversation. And finally....

...yes, I agree quite wholeheartedly, your ignorance is quite willful. I apologize in advance for conducting a verbal battle of wits with you. I was alway told to never do battle with an unarmed man, and you fit that definition given your witless condition quite nicely. Troll on.

Wed, 08/10/2011 - 05:27 | 1545429 destraht
destraht's picture

Lets not get particular on how we should kill them or how they should kill themselves just yet.  Next thing you know everyone will be arguing about it and we won't get anything done.

Tue, 08/09/2011 - 19:22 | 1544540 caerus
caerus's picture

faber eees da sheet

Tue, 08/09/2011 - 21:46 | 1544924 baby_BLYTHE
baby_BLYTHE's picture

Hellz ya,

Funny he seems puzzled by the treasury market even though he predicted the rally all the way back in December 2010.

Tue, 08/09/2011 - 22:26 | 1545013 caerus
caerus's picture

he's not puzzled

Tue, 08/09/2011 - 22:57 | 1545072 disabledvet
disabledvet's picture

he's high. i know because i packed the bowl and handed it to him.

Tue, 08/09/2011 - 19:36 | 1544549 Bobbyrib
Bobbyrib's picture

The man knows what he is talking about.

 

His response to Matt Miller on what you can do with gold is pretty awesome.

Tue, 08/09/2011 - 20:02 | 1544657 gdogus erectus
gdogus erectus's picture

I watched the vid before I read the article and I almost spit out my drink when Faber laughed at Miller and used the ring analogy.  Damn, that was funny.  Freakin' Miller had nothing to say after that.  Too funny.  I'm playing it back in my head - didn't the bimbo agree with that statement in the background?  I think I'll listen to it again.  Edit - yeah, she says, "I'll take the gold" at the same time Miller shakes his head and mutters "priceless".  At least he copped to being had.

Tue, 08/09/2011 - 20:32 | 1544734 Bay of Pigs
Bay of Pigs's picture

"But you can't do anything with it" says Miller.

How do these bobbleheads get those jobs having no education on basic financial matters (sound money)?

Tue, 08/09/2011 - 20:59 | 1544808 holdbuysell
holdbuysell's picture

Seriously...and they should get out more and read about how central banks are buying the gold.

And they should read the US Constitution that defines gold and silver as legal tender.

Tue, 08/09/2011 - 22:33 | 1545030 Arrowflinger
Arrowflinger's picture

BoP - I have Many Arrows. Good to 'see' you here. Soon the bobbleheads will be rummaging thru garbage cans for lack of earning power.

Tue, 08/09/2011 - 22:33 | 1545031 Bobbyrib
Bobbyrib's picture

I'm convinced they are paid to give the same opinions on every issue. One of the opinions is that gold is 'obsolete.' I have never heard one host of these shows say gold is valuable.

Tue, 08/09/2011 - 22:36 | 1545035 Bobbyrib
Bobbyrib's picture

Yeah, I have watched Matt Miller many times on Bloomberg. He plays the "smart ass, snot nosed kid" role very well. A little too well if you ask me.

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