Market doomsayer Marc “Dr. Doom” Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U.S. is great primarily because it is ruled by white people.
The eccentric Gloom, Boom & Doom report author, who often speaks on CNBC and other financial media, generally forecasting some type of market downturn, focused his latest comments on the racial conflicts happening around the country.
(A CNBC spokesperson said it will not book him in the future.)
“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,” he wrote.
“I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out.”
Reached for comment via email, Faber did not back away from his statements to CNBC.
“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 told CNBC in an email.
— from vdare.com
John Derbyshire: Geezers Don’t Care! Marc Faber Defies AntiRacist Moral Panic
By John Derbyshire on October 22, 2017, 8:22 pm
See previous incidents under the tag “White Guy Loses His Job”
Culture hero of the week was surely investment guru and gold bug Marc Faber, proprietor of the Gloom, Boom & Doommarket newsletter.
I can’t afford a subscription to that periodical— it’s $300 a year— but of course, as a fellow pessimist, I follow Mr. Faber’s pronouncements with keen attention when I can get them for free.
In the latest issue of that newsletter, Mr. Faber committed the following thing:
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.
‘Dr. Doom’ Faber: ‘Thank God white people populated America’, by Jeff Cox,CNBC.com, October 17, 2017
Faber also passed comment on the matter of Confederate statues, which was September’s nationwide moral panic, October’s being of course the Harvey Weinstein business. Those statues are, he said, “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.”
Much shrieking and swooning ensued. CNBC, Fox News, and Bloomberg, all of whom had been using Faber as a talking head for years, said he would no longer be an invited guest on their business programs. As of Thursday at least five companies have dropped him from their boards, a loss of annual income to Faber of around half a million dollars.