Marc Faber, author of influential ‘Gloom, Doom, and Boom’ report, says ‘thank God white people populated America, not the blacks’

Via The Business Insider

marc faber

Marc Faber, the über-bearish author of an investing newsletter who frequently appears as a guest on financial TV, wrote in his latest “Gloom, Doom, and Boom” report that he was glad the US “enjoyed 200 years in the economic and political sun under a white majority.”

In the October edition of his report, which is available only in print and was seen by Business Insider, Faber focused on the economic policies of major governments.

In a section of the report discussing “Free Markets and Capitalism Versus Socialism,” Faber variously decried the tearing down of Confederate monuments as well as what he called the “liberal media” and New York City’s “righteous socialist” mayor, Bill de Blasio.

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Faber said contemporary society focused too much on issues like the monuments rather than on issues such as the growing amount of outstanding debt and “unfunded government pension liabilities.” The report then went into an aside regarding his thoughts on the Confederate monuments.

From the report:

“I don’t want to enter into a serious discussion of the tearing down of monuments of historical personalities, but I cannot omit mentioning how the liberal hypocrites condemned the Taliban when they blew up the world’s two largest standing Buddhas (one of them 165 feet high), situated at the foot of the Hindu Kush mountains of central Afghanistan, in 2001. But the very same people are now disturbed by statues of honourable people whose only crime was to defend what all societies had done for more than 5,000 years: keep a part of the population enslaved. And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political sun under a white majority. I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out as well. (And let’s not forget that the African tribal heads were more than happy to sell their own slaves to white, black, and Arab slave dealers.)”

Faber, also known as “Dr. Doom,” has been a provocative market commentator for some time, predicting that various possible economic calamities would cause large crashes in the stock market.

Faber confirmed to Business Insider that the report was authentic.

“I am naturally standing by this comment since this is an undisputable fact,” Faber said in an email.

In a follow-up email, Faber further defended the note: “If stating some historical facts makes me a racist, then I suppose that I am a racist. For years, Japanese were condemned because they denied the Nanking massacre.”

He also included the full text and images from a USA Today report on the banning of the book “To Kill a Mockingbird” in Biloxi, Mississippi.

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Dutchman
Dutchman

The blacks would have never done it – no entitlements – no SNAP – no section 8 – no white men to pay the taxes. Why would they ever come?

Maggie
Maggie

And HOW… they couldn’t SWIM that far.

starfcker

Maggie, you could take an average creek, they couldn’t swim THAT far. There are some exceptions. I used to dive with some dudes from Barbados, and they were as at home in the water as me.

carnac the insignificant
carnac the insignificant

I would support negroes making a home in the ocean

kokoda - AZEK (Deck Boards) doesn't stand behind its product
kokoda - AZEK (Deck Boards) doesn't stand behind its product

Courageous of Mr. Faber. He is now on my approved list.

A. R. Wasem
A. R. Wasem

He’s always been on any libertarian’s “approved” list.

pyrrhus
pyrrhus

Marc Faber lives in Thailand, so he doesn’t worry so much about US Bolsheviks and media communists…

A. R. Wasem
A. R. Wasem

Irrelevant where he lives; fedgov “hit squads” are everywhere and “drone murders” can occur at any time and place worldwide.

JC
JC

Bingo, We aren’t restrict by political correctness here in the north of Thailand. Just don’t talk about the monarchy.
I saw Dr Faber in a pub in Chiangmai a few years ago. After asking the waitress if it was in fact him he came over and introduced himself and bought beers for my group and joined for a couple of hours of conversation. A real gentleman.

BL
BL

Does that even need to be said ?? Marc saying what everyone has known since day one.

Just imagine the fruited plain covered in little round thatched huts across Ugandamerica.

CCRider
CCRider

I’d say Haiti is instructive.

Maggie
Maggie

This country is in a nosedive. Come on, New Madrid Faultline.

kokoda - AZEK (Deck Boards) doesn't stand behind its product
kokoda - AZEK (Deck Boards) doesn't stand behind its product

The Cars is one of my faves.

Maggie
Maggie

I posted a picture of our deck boards. I suggest some good Kentucky pine.

Boat Guy
Boat Guy

Mr. Faber is an investor that predicts plus or minus and positions himself to gain as much as possible regardless of popularity there are lessons to be learned . Everyone is entitled to their own opinions , this however does not make them correct or positive . Facts and figures honestly displayed or shared do not change . As for his implied racism by his observations , I suggest you examine the facts about real world achievement and cost basis . What if African Americans would all vacate the US over nite what would change ?
Prison population would drop 37% Gang membership would go down 53%
Obesity would drop 11% A weave IQ would increase 7.4 points putting the US in a tie with Japan
Average SAT scores would go up 100 points and ACT scores would go up 5.5 points
AIDS & HIV would drop 65% Gonorrhea down 69% Chlamydia down 54% and Syphillis down 58%
Average American income would go up $20,000 per year
Amount of people in poverty would drop 34%
Homelessness would go down 57% and welfare recipients would go down 42%
All this gain to white america by removing 13.3% of the population . Yes BLACK LIVES MATTER , just not the way BLM supporters wish to promote . These figures were compiled by federal agencies under the Obama adminastration . Nice Going Barrack Hussein Obama !

Ginger
Ginger

That is all fine and dandy, but what about PopEyes Fried Chicken sales.

MMinLamesa
MMinLamesa

Also absent blacks, most large cities’ police forces could be reduced by 80-90%.

And I could enjoy a late evening, downtown symphony at Boettcher Hall again.

Maggie
Maggie

This is related in a round about and back again sort of way: Ann Barnhardt (who gave up her cattle trading business years ago for the bullshit she saw coming due to outright theft by the Banksters) has a priest who says a mass for her supporters. He is a priest who is military, aka Chaplain.

This comment heavily redacted.

Look, I am not completely sure every military base needs its own little chapel and a cadre of chaplains, but I do know that when you are “deployed” to a foreign country, having a chaplain to talk to is invaluable. I can’t believe this is the same military my husband and I so proudly served in…

Wait a minute. Yes I can believe it. I KNOW some of the people in charge now.

Congressman: ‘Disturbing’ for Military Chaplains to Be Punished Over Views on Sexuality

I find it hard to believe, but Ann says this chaplain was an O-6 and is demoted to O-3!

Tuesday Barnhardt Benefactor Mass Priest To Be Deployed to Middle East

jimmybubba
jimmybubba

70+ years old…
rich…
Say it like it is!
Don’t give a fuck!

The Modern Chronicler
The Modern Chronicler

“Rich” doesn’t cut it. Marc Faber’s net worth is undivulged, but it’s all but certain he’s a billionaire.

Jay
Jay

Can someone mention at least one successfully run black country, where whites haven’t kick started it on the right path?

surfaddict
surfaddict

USA! Assuming BHO was “running” it for a little while

surfaddict
surfaddict

…assuming he was / is half white?

surfaddict
surfaddict

always dumb to generalize. Skin color is much too broad a category. Better (safer) to liken and categorize based on customs & culture, tradition & lifestyles. So just dumb comment, but not necessarily misguided.

Anonymous
Anonymous

I think it’s to to erect some more Statues of George Washington and Thomas Jefferson.

Preferably in the Ghettos or Berkeley.

Mr. Frosty
Mr. Frosty

Pattern recognition is a deeply moral dilemma, apparently. If you notice certain patterns you are evil, literally Hitler. In order to ensure that you have a pure, righteous soul, you must check with the mainstream media/education/government complex to determine if noticing a specific pattern makes you evil.

wdg
wdg

Both truth and morality have been banished from the western world. And what would a Black US look like? Well…you don’t have to look very far. Haiti, Jamaica, all of Black Africa and the numerous Black ghettos sprinkled throughout the USA. As for Sprott, they are a bunch of cowards who have traded truth for what they think is economic gain. How refreshing that there are still people like Marc Faber in this world of endemic lies who are prepared to speak the truth and suffer the consequences. Although it may seem hard for many to grasp, Marc Faber is the future – not the cowardly weasels at Sprott. Boycott Sprott!

pyrrhus
pyrrhus

Yes, Jamaica, the murder capital of the world…and then there’s South Africa, Haiti…….etc

Leobeer
Leobeer

Thailand — A place where you can go and not see a black person.

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