MARC FABER CNBC Video Interview October 11th 2011

[BronsonKatz]

Why are they trying to make Marc look stupid at the beginning? I hate fuckin' idiots who act like that when someone has an accent. "I don't even wanna know." Shut the fuck up. I guess I have more patience because my pops has an accent. Yah fucks!

[TehFlamingLipz]

Jesus Christ the host has the dumbest fucking look on his face all of the time

[BNEHKG9]

LISTEN you LAZY BUGGER! 6:32

[damon123jones]

bank fraud.

no change

no incometax to corp

fraud

fraud

[EconCat88]

I've listened to him for many years.

[Mr2wings]

Why save when you only get .5 of 1% in a sving account on an annual basis.

Put your money into physical silver and Gold. The universal money is gold and silver. Check out Dr Ron Paul for US President and check out the Constitution party.

[WowzaGuy]

With my chums and my blonde!

[truevoice08]

"Take a chainsaw to government spending" - Jim Rogers

[Pkwic]

This Austro-Nazi is so pathetic!

[shidoski]

@Pkwic Just so you know Marc had his PhD in Economics by age 26. What are your credentials?

[MrAlpruitt]

@Pkwic He's Swiss. ^^

[betover68]

It's getting to this point now that inflation is coming down as a result of a stronger dollar, but Mr Bernanke will always avoid a deflationary spiral, so in good time the dollar should be a great short again.

So I am bit bemused to hear Mark being bullish on the dollar when he knows damn well that the FED will never allow deflation to take root. Although he wisely wasn't speculating on more QE this time.

The Austrian School is great on diagnostics, but is often divided on solutions.

[MLP88]

Mark Faber behaved as if his "girlfriend" was blowing him during the whole interview!

[joshtheobjectivist]

I HAVE JUST LOST ALL RESPECT FOR MARC FABER. I can't believe this. For the record, I WOULD NOT have had the total LACK of common sense or morality to loan someone money who clearly could not pay. The sub-prime madness was nothing but fraud. The banksters deserve 85% of the blame, since all the politicians are in their pocket. Faber is rocketing off exactly what Gingrich said at the latest debate. Fuck GS, fuck JPM, and fuck BAC, and if you want to kiss bankster ass then fuck you too!

[timfrost08]

@joshtheobjectivist

I'm not sure you understand Marc Faber at all. He is not discussing morality, or altruism or any other similar concept. He is talking about free market capitalism and how government intervention is distorting the business cycle. He is also talking about about the unsustainability of debt, entitlements, money printing, elitism etc He is not saying that the working classes are lazy and thats the problem. He says everyone is including banks who want special privileges.

[joshtheobjectivist]

@timfrost08 I would like to point out my use of the word morality. I believe free market capitalism, if practiced correctly, is a very moral and rational system. I do not even believe in altruism, I actually consider altruism immoral. So when I say the banks lacked morality, they did so in the abandonement of free market capitalism principles. Fraud is not moral or legal, and the banksters should be accountable for fraud no matter how low interest rates are, or what politician is backing them.

[timfrost08]

@joshtheobjectivist

I totally agree that the individuals in the banking sector who committed a crime during the housing boom (of which there were many) should be held accountable. My contention is that I know Faber agrees with this viewpoint. Just because he has a one-off brief interview and needs to be impactful should not mean he should be incorrectly labelled. What he states is logical....... don't blame the guilty individuals for not handing themselves in, blame those that absolved them.

[timfrost08]

@joshtheobjectivist

He has also clearly opined many times that the banks should not have been bailed out but allowed to failed. The point is this is nothing to gain by blaming the banks. Blame the government and the federal reserve who helped engineer the crises (no artificially low interest rates = no adjustment rate morgages, Community Reinvesting Act, Fannie May and Freddie Mac), also bailouts, and it was the government and the legislature who refused to prosecute anyone for fraud.

[joshtheobjectivist]

@timfrost08 I respectfully disagree. He said very clearly that the banks are not at fault for what they did, that the fault lies at the doorsteps of the federal reserve and the federal government. While I agree the federal reserve and the government are also culprits, I am totally convinced that those disgusting wretched masses of flesh at the too big too fail banks and the largest culprits by far. They bankroll government, they write legislation, and they heist taxpayer money when they fail.

[timfrost08]

@joshtheobjectivist

Actually he was quoted as saying we need a 'complete purge throughout the financial system'. He is talking about the cancerous growth of government who 'protect themselves to stay in power'. It is totally illogical to go after the banks (not all were guilty) and ignore all politicians who take the money, corrupt the system, and screw the people to get re-elected. The State always grows and serves itself. America should = strict limited government.

[timfrost08]

@joshtheobjectivist

And sure the banks are massive culprits, however they completely fucked themselves during the housing bubble mania, through greed not design. if the Federal Government and Central Bank just allowed them to fail they would no longer exist....... and no doubt you would be satisfied. It would have been very painful but the system would be far healthier in the long run. If Large Corps and government always collude, then restrict government and let the market act.

[timfrost08]

@joshtheobjectivist

there is no solution if you believe in Big Government and a Nanny State system. Corporatism and not Capitalism.

[buffett1000]

Can those BONE HEAD CNBC dorks actually phrase questions intelligently? NO.

[micoxfox]

Marc à Montréal? J'aurais voulu le voir.

S'ti...

[chadberry75]

DARTH FABER--JOIN THE SWISS SIDE...

[DipSchittReport]

@Thelittlevillageboy If Ron Paul makes the presidency he will be a day late and $15trillion short. His policies will bring the pain, which is good and bad. Its good because we will be able to finally bottom, bad because when we hit bottom, Paul will get blamed unjustly. I don't think he will deserve that but he'll get it. Then libertarians will be delegitimized. I think another corporate goon should take over so the house can collapse on his/her watch, not on Paul's.

[L9PoloPa]

the commentators on cnbc are such little fuck heads. they disrespect but they have to get him on the show to get any views.

[ownerowner100]

thanks for putting a date on this vid

[mrzack888]

i bet marc faber has a basement full of sex slaves from around the 4 corners of the world.

[Standingwithfeast]

The worthless interviewers needs to show more respect to Marc Faber and let him finish his exposition and to tell it like it is.

[mitasse]

marc au quebec tabarnak!

[Nuanceqwest]

Well this is a change...the Dollar going to rally

??/

Well Marc Welcome to the club

[ownerowner100]

@Nuanceqwest marc said on other recent vid that the dollar is rebond as a temp thing, once the EU solves them problems the dollar will start dropping again, Investor only go to the dollar and t-bill when the EU is getting worst., When the EU get better then the us dollar and t-bond will go down,

[elricmlbone]

Capital investment is negative. Shades of the great depression. Thank you Keynes.

[karimrakha]

chum is bf ..........bonde is gf

[justgetsome]

faber is a stud.

[welshhibby]

"Im with my blonde...my Blonde" LOL

[hotsaucze1]

I don't know Marc...the rich pay more taxes and get more breaks, while the poor become more poor from inflation.

[michaelpshipley1]

Smite them lord, for they know damn well what they're doing.

[himakgam]

what rude people on CNBC

[AustralianAllTheWay]

~~END THE FED~~

[angusmcgherkinsquirt]

"Listen you lazy bugger." LOL..

[goldcurrent1]

Occupy The FED!

[silvermaniamania1]

marc faber is the epitome of financial parasitism... XD

[uberschall]

Great interview as usual...

[rollinglibs1012]

Whoa..Whoa..I thought Mark was bearish on the dollar?..Maybe he caught Syphilis from one of his girlfriends..His he siding with that commie filth that is sitting on Wall St?..There is a term for them it's called Useful idiots.

[MarcusCMarcellus]

Who's the flaccid American guy with glasses? I found his picture in the dictionary under the third definition for "tool."

[polarbeach]

@MarcusCMarcellus I believe his name is Alfred E Newman

[Slickpete83]

First he hates the USD , now he likes it ?????

[jezza1789]

@Slickpete83 He likes it on the short to mid run then he sees the fed rasing again which is why he isnt selling his gold.

[jezza1789]

@jezza1789 *easing

[vambo13257]

@Slickpete83 He likes it against the alternatives. The dollar is toast long term and everyone with half a brain knows it!!

[robert4you]

@Slickpete83 He is an investor. He does not like the USD in the long run. He simply knows that the USD is "a safe haven" during insecure times. According to him the dollar will maintain its strength for a while, but in a not too distant future it will vanish completely; within 10 years he has stated.

[badstacksize]

End the FED!!

[ForbiddenStallion]

Hell yeah. Marc tells it like it is.

[pismo10]

Such boneheads on CNBC....

[delatroy]

@pismo10 I sincerely believe that they put on bonehead presenter to drag the viewer down to their level so you STFU like a good citizen and do what you're told

[TheUrbanDharma]

growth is dead!

Sadly the elites wont accept this and will continue to implement policies that damage the majority of peoples lives.

Depression is in the post...!

[87solarsky]

@TheUrbanDharma stagnation is the future? at least not eternity!

[TheUrbanDharma]

@87solarsky not growth on the scale we have seen. We could stagnate for a while, but the system will have to collapse at some point. I dont believe we will ever have the kind of growth we have seen for the last 200 years again though.

The future will have to be steady state, moving from exponential growth (which is unsustainable on a finite planet)

[87solarsky]

@TheUrbanDharma what a fine theory you've doctored up for yourself there... good luck with that "science"...