Marc Faber

Marc Faber Responds To Racism Accusations

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– Marc Faber Responds To Racism Accusations: 

Having been forced off the boards of Sprott, NovaGold, and Ivanhoe mines and excommunicated from mainstream business media following his comments earlier in the week, Gloom, Boom, & Doom Report writer Marc Faber responds to his racism allegations…

“I have been labeled by the mainstream media as a racist – I don’t think this corresponds at all with reality.

I wrote a report about capitalism and socialism and about private property rights, and I also wrote about the tendency nowadays to want to rewrite history.

In the US they are trying to tear down statues of people who had a different view from other people at the time… they also tried to tear down statues of Columbus..

I think that when you have civilization, when you have culture, you should remember your past.

Our past – the white man – has certainly not been glorious, it’s been very cruel with the periods of imperialism and colonialism being very cruel.

Read moreMarc Faber Responds To Racism Accusations

Marc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat

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FYI.

– Marc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat:

Update: as previewed earlier, Sprott announced that at the request of the Board of Directors and Sprott management, Marc Faber has resigned as a director of the Company effective immediately.

“The recent comments by Dr. Faber are deeply disappointing and are completely contradictory with the views of Sprott and its employees,” said Peter Grosskopf, CEO of Sprott. “We pride ourselves on being a diverse organization and comments and behavior of this sort will neither be condoned nor tolerated. We are committed to providing an inclusive workplace for all of our employees and we extend the same respect to our clients and investors.”

Separately, both CNBC and Fox Business Network, cable channels where he had appeared in the past, said they won’t invite him on in the future.

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Marc “Dr. Doom” Faber is in trouble, only this time it’s not for yet another doomsday forecast which hasn’t come true, but for launching into a racially charged diatribe telling subscribers to his newsletter that he was glad that “white people populated America, and not the blacks.”

Read moreMarc Faber Racist Diatribe Costs Him CNBC, Fox Slots; Sprott Board Seat

Dr. Doom (Marc Faber) Warns Of Stock Market Selloff ‘Avalanche’

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– Dr. Doom warns of stock market selloff ‘avalanche’ :

Marc Faber, known as ‘Dr. Doom’ for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment.

The Swiss investor doesn’t expect the rally’s disruption to be evoked by any catalyst, as the markets are overbought and sentiment is way too bullish for the so-called Trump rally to continue.

“Very simply, the market starts to go down. As it goes down, it will start triggering selling, and then it will be like an avalanche. I would underweight US stocks,” Faber said in an interview with CNBC.

This bearish forecast is not tied to President Donald Trump, according to Faber.

Read moreDr. Doom (Marc Faber) Warns Of Stock Market Selloff ‘Avalanche’

Dow 100,000? Marc Faber Warns: Central Banks “Will Monetize Everything… Introduce Socialism”

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– Dow 100,000? Marc Faber Warns: Central Banks “Will Monetize Everything… Introduce Socialism”:

“…the madness in the present time may go on. In a manipulated market, it won’t end well… They could essentially monetize everything, and then you have state ownership. And through the central banking system, you introduce socialism and communism, which is state ownership of production and consumption. You would have that, yes, that they can do…I don’t think the central bankers are intelligent and smart enough to understand the consequences of their monetary policies at present.”

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Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

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– Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks:

Volatility is the name of the game. Stocks are acting up, but standing strong. Oil is propelling higher and the US dollar is falling. Turmoil around the world has never been higher and an ominous shadow is lurking in the background, ready to strike.

The situation that we now face is ultimately going to end in a collapse of epic proportion. The financial world is now a ticking bomb that is just waiting to explode – I know this, you know this and even if the masses don’t, they can feel it in their bones.

Read moreMarc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

Nassim Taleb Warns the Biggest Black Swan Event Of All Is Coming (Video)

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Continue to prepare for collapse.

99% of the people will get totally destroyed financially.

“By failing to prepare, you are preparing to fail.”
-Benjamin Franklin

Aug 13, 2016

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The Global Financial System Is Here - Collapse

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Marc Faber’s “Worst Fear” Is Hillary Clinton Becoming President

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– Marc Faber’s “Worst Fear” Is Hillary Clinton Becoming President:

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“The worst fear I have is that Mrs. Hillary Clinton will become president. That is my worst fear. I would vote for anyone in the world before I would choose Hillary Clinton. She’s dishonest, she’s a liar and she has deceived people…”

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China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns

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“We had a hard landing in the stock market already. We had a hard landing in commodities. [So yes], we could have a hard landing in the economy. China has a colossal credit bubble and no one knows how it’s going to unwind.”

– China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns:

A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year.

The US is “already in a recession,” the incorrigible doomsayer said.

Stocks will head lower in 2016, Faber continued, taking the opportunity to mock the sellside penguin brigade for adopting a universally bullish take on markets going forward. “Well, I don’t think that the U.S. will continue to increase interest rates,” he concluded, before predicting what we’ve been saying for years, namely that in the end, the Fed may be forced to do an embarrassing about-face and return to ZIRP and eventually to QE. “In fact, given the weakness in the global economy and the deceleration of growth in the U.S., I would imagine that by next year the Fed will cut rates once again and launch QE4.” 

Read moreChina Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns