He moved to Hong Kong in In , he set up his own business, Marc Faber Limited. He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. Faber has been a contributor to Forbes   and International Wealth a sister publication of the Financial Times.
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He moved to Hong Kong in In , he set up his own business, Marc Faber Limited. He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. Faber has been a contributor to Forbes   and International Wealth a sister publication of the Financial Times. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out as well. For years, Japanese were condemned because they denied the Nanking massacre," Faber said. Faber continues to stand by his remarks.
Retrieved Archived from the original on Dow Jones.
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The recent PBS Series "Civilization" which attempts to "explain" the "dominance" of Western Civilization for the past years based on western "killer apps" They should be ashamed of the themselves for spewing this kind of nonsense The series posits that the basis for Western success This notion completely ignores the dominant Spanish and Portugese Seabourne Empires of the 16th Century
If you are not familiar with Marc Faber, he is a financial advisor who has become quite a legend for calling out the flaws in the global financial system. As alarming as his opinions might be, he has been tolerated in mainstream circles until what has been interpreted as being racist remarks in his latest newsletter. Naively, people believe that governments can solve their problems when, in fact, most of their problems have been caused by government interventions. The liberal media has successfully brainwashed the public into accepting Keynesian and political interventions as desirable. Therefore, de Blasio has a point when he says that he hears about socialistic impulses every day, in every kind of community.