Marc Faber: Thank God white people populated America, and not the blacks
Source: Salon
10.17.2017•4:51 PM
Popular investor Marc Faber, author of the "Gloom Boom & Doom Report" newsletter, wrote in his most recent edition that he was glad the U.S. had been founded and ruled by white people rather than black people.
"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," Faber wrote in the newsletter, according to CNBC.
He added, "I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out."
Faber, known as "Dr. Doom," has been frequently featured on CNBC as a financial and stock market pundit, but the network has since said it will no longer book him for segments.
Faber resigned from the asset management company, Sprott, as an independent director of the board, effective immediately on Tuesday, CNBC reported.
Read more: https://www.salon.com/2017/10/17/marc-faber-thank-god-white-people-populated-america-and-not-the-blacks/
Well, Trump now has a replacement for John Kelly, should the WH Chief of Staff "resign."
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NastyRiffraff
(12,448 posts)is a sure sign of a racist.
Loyd
(309 posts)
Baitball Blogger
(52,347 posts)mutual admiration societies.
yuiyoshida
(45,415 posts)AND THE FLAG JUST WENT UP!!! RACIST FOUND!!
Voltaire2
(15,377 posts)It is kind of amusing in a "holy shit we are completely fucked" sort of way.
BigmanPigman
(55,151 posts)but as I read on I realized he was serious. This guy is serious...seriously racist and hypocritical.
BumRushDaShow
(169,761 posts)He should have never been "booked" in the first place. 
7962
(11,841 posts)But he makes money scaring everyone
BumRushDaShow
(169,761 posts)inevitably, with every "boom", there is a "bust" and a "crash" and eventually he will be "right".
sandensea
(23,343 posts)It would have never even made it to nationhood, just a British prison colony.
unblock
(56,198 posts)That would have been a much bigger story.
This ones bad enough as it is....
FakeNoose
(41,634 posts)I don't watch CNBC, but I would boycott the channel if I ever heard that said on tv.
Maybe he should read a history book and get learned up on slavery before he opens his idiotic yap.
brush
(61,033 posts)without that where would the country be?
Oh, and don't forget the Native Americans who saved the first settlers early on from starvation.
They were then systematically subjected to genocide.
American should be so thankful for that? 
sinkingfeeling
(57,835 posts)workinclasszero
(28,270 posts)
"And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe"
snort
(2,334 posts)but sometimes I do enjoy eating a shit sandwich. Bon Appetite, fuckwad.
mathematic
(1,610 posts)Always crying about the federal reserve and how the economy is a fraud and how everything is going to collapse because, oh I don't know, we've all indulged in the sin of central banking or some shit.
This type of econ crankery is a gateway drug to the kind of fringe, anti-establishment paranoia found at the extremes of the political spectrum.
PatrickforO
(15,426 posts)at Article 1, Section 8 of the Constitution in light of the Federal Reserve Act of 1913. My question, and it is a legitimate one, is this:
If the national debt is money we owe ourselves, then why are we paying it back to investors, many foreign and many in Wall Street banks, with interest? Why is that?
We use fiat currency. A dollar is a dollar because we all agree it is. It isn't backed by anything. Yet, interest on this 'debt' is eating up our ability to provide government services people depend on. You should read your history. Lincoln financed the Civil War by coining money rather than borrowing it from bankers. This is why the Secret Service was founded in 1865 - not to protect the president but to combat counterfeiting.
Why? Because Lincoln's plan was working so well that the nice, clean cut bankers had no recourse but to flood us with counterfeit currency, and by 1865, about 1/3 of the greenbacks in circulation were fake. You can consider, if you will, what the London Times said about Lincoln's policy in 1865: "If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."
All through the rest of the 19th century, the populists battled against the bankers. Then six robber barons of the time met on Jekyll Island in 1910. They drafted up the Federal Reserve Act, which was guided through Congress after Woodrow Wilson was elected, ostensibly as a compromise between the bankers and the populists. Woodrow Wilson signed it on December 23, 1913, and we've been governed by debt ever since.
I do not believe it to be a 'fringe' position to question the workings of the Fed, and whether it is really in the best interests of the American people right now to owe so much money to so many people. It doesn't make sense to me, and I'm an economist. My personal opinion is we'd be better off if we repealed the Federal Reserve Act, and Congress went back to coining its own money, as our founders specified in the Constitution. Wisely, I might add.
It is a discussion that would not be bad for us to have. I'm not necessarily advocating upsetting the apple cart, but we've seen, time and time and time and time again (if you read your economics) how austerity measures imposed on nations by bankers more often than not prove disastrous and do great harm to everyday people.
Like us.
PatrickforO
(15,426 posts)Laughing too hard. What an idiot.
Can anyone say, "Massive blowback?"
Turbineguy
(40,076 posts)Never stop to think before you speak.
FormerOstrich
(2,889 posts)I suspect you fear if people of color become the majority they will treat you like you have them.
Don't worry, they are better than you. Asshole.
WinkyDink
(51,311 posts)Blue_Tires
(57,596 posts)I mean come on, that's where that bullshit tea party movement (remember them?) had its coming out party....
Initech
(108,783 posts)I would like to know. This guy just gave it away.
Nitram
(27,749 posts)Wealthy land-owning blacks. Free blacks. Enslaved white people working the fields for wealthy black plantation owners. Enslaved white people who are not allowed to learn to read. Whose families can be divided and sent far away on the whim of a slave-holder. Except that, wait, while slavery existed in Africa, it was not at the scale and degradation that it assumed in America. So maybe history would have turned out better...
Mosby
(19,491 posts)Last edited Wed Oct 18, 2017, 05:49 PM - Edit history (1)
And involved around 30 million Africans, though some scholars put the number much higher. Some countries (like KSA) didn't take the laws allowing slaves off the "books" until the 1980s.
http://originalpeople.org/the-arab-muslim-slave-trade-of-africans-the-untold-story/
Eta the Arab slave trade still continues to this day but it's gone underground.
https://www.washingtonpost.com/news/worldviews/wp/2017/04/05/a-maid-begged-for-help-before-falling-from-a-window-in-kuwait-her-boss-made-a-video-instead/
Nitram
(27,749 posts)Old world slavery. Not an improvement.
True Dough
(26,667 posts)Never really heard of Faber, but I was floored that someone would be so openly backwards and so eager to destroy his career and reputation. But he's 70 and apparently willing to die on that hill.
See ya, you clown!
