The Market Ticker
Commentary on The Capital Markets

Well-known "Doctor Doom" Marc Faber was effectively expelled ("resigned" technically) from three boards and CNBC has said they will not book him in the future after his latest newsletter came out.

In it he said:

"Thank God white people populated America and not the blacks," wrote Mr. Faber, who is managing director with investment advisory and fund management firm Marc Faber Ltd., in his latest monthly newsletter.

"Otherwise the U.S. 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."

This of course was instantly pounced on by damn near everyone as an outrageously racist statement.

When challenged he doubled down:

"If stating some historical facts makes me a racist, then I suppose that I am a racist," Mr. Faber later told Bloomberg news service in an e-mail.

There's a point in there that nobody wants to talk about, of course, because it will instantly lead you to being branded "racist" -- exactly as happened here.

Can we have a debate or talk about facts in a civil society today without being instantly blackballed if your point of view isn't sufficiently politically correct?  It appears not.  Does it matter if you cite actual facts?  Apparently not.

For example, if you remember the "bathroom bill" screamfest one of the points made is that it enables creeps to sexually assault people, including children.  I don't recall anyone saying that all transgender people are creeps, however, that it enables creeps was alleged.  The retort was that such an assault has never happened and won't.

It turns out that's a lie: A 10 year old girl was in fact assaulted by a man claiming to be a woman.  Said person has now been convicted.  The not-funny part of this is that I cannot find in the news stores on this conviction when the assault happened.  You don't go to trial on a felony criminal count in an afternoon; it frequently takes a year or more.  Was that assault known during the debate on the North Carolina Bathroom debacle, and intentionally buried by the media so it could not be part of the debate and ensuing lawsuits?

Should we re-examine the current status of same in light of the fact that the existence of this assault was intentionally buried, is now known, and balance the risks with the rewards of allowing people who are in fact men into the women's room?

Yes.

Will we?

No.

Zimbabwe and what has happened there is a historical fact.  What happened here in America is also a historical fact.

Was Christopher Columbus a man, part of a group of Spaniards, who murdered innocent native people and stole their land?  Was he part of a group of Spaniards who brought order to what was previously chaos and set in motion a wave of technological and social progress never before seen in the world on the landmass now known as "America"?  Or is the truth somewhere in the middle?

Why isn't a robust and public debate on this appropriate and why should a loud pressure group get to demand that statutes of him be torn down and through threat and coercion brand him a murderous thug?

There are some people who are willing to blow a whistle, but their content gets them blackballed and "de-platformed"; Youtube will mark anything like that "mature only" and de-monetize it, which amounts to censorship for a media organization since you thus can't make money off it.

What happens when you erase history and ignore facts and thus refuse to learn from same?

You get to do it again, quite-probably with disastrous consequence.

View this entry with comments (opens new window)
 

2017-10-21 16:34 by Karl Denninger
in International , 149 references
[Comments enabled]  

All revolutions and secession events are prosecuted by small but real minorities.  In the US Revolution about three percent of the people actually took arms and fought the British.  We won.

Keep that in mind, because Spain is dealing with a secession movement right now, not so much a revolution.  There the numbers are somewhat different -- but not that much.  In the Civil War about 2.5 million out of 18.5 million, or roughly 13% of the population fought on the Union side; on the Confederate side it was in the same general range (accurate records are more-difficult for the Confederacy.)  Most of the Union solders were volunteers.

Of course the secession of the Confederacy failed.

Reality is that you often have plenty of people who are very pissed off one way or another but few who will take arms on either side.  For this reason it's not so simple as to say "you need half."  You don't, in fact, need anywhere near half the population in order to win, but those who choose it must be willing to die for what they believe in.  The exact number is hard to pin down, which makes all such movements, to some degree, a game of poker -- and you never really know if the other side is bluffing.

Spain has figured out (a bit late, I think) that with about 40% of the population of Catalonia voting (after the Spanish government attempted to brutalize or arrest anyone attempting to vote, with some success) and the vast majority of those voting choosing secession there is a real risk that the "success" threshold is within grasp. 

Please do remember that this latest vote is not the first, and attempts to negotiate with Spain's federal side have brought no resolution suitable to both Catalonia and Spain at-large.  What must alarm them greatly is that the percentage margins on these actions at worst is stable and may be growing.

The Spanish government, of course, believes that there simply aren't enough people willing to write the big check -- that is, to vote with things other than ballots, and rather non-peacefully at that.

We're going to find out quite soon, I suspect, whether they're right.

There are eerie echoes of 1776 in here folks.... entreaties, ballots, stomped heads, and then.....

View this entry with comments (opens new window)
 

2017-10-21 14:16 by Karl Denninger
in Other Voices , 72 references
[Comments enabled]  

And it's on!

Click to view, enjoy it.....

View this entry with comments (opens new window)
 

2017-10-20 12:57 by Karl Denninger
in Editorial , 270 references
[Comments enabled]  

There is something heinous and outrageous about anyone who attempts to politicize a condolence call when one of our service members is killed in action.

That outrage extends to everyone involved.

It extends to the so-called "Representative" in question, in this case Fredrica Wilson, D-FL, who with intent did intentionally listen in on a call from the President that was intended for family members of the fallen without prior notice to everyone on said call.

It extends to the family, who permitted said "Representative" to be present in direct and outrageous violation of the obvious expectation (which does not need to be explicitly stated) that such a call would be private and for the sole benefit of the family of said service member.

And finally it extends to the media that has taken what is a solemn and personal matter and turned it into a political circus with the permission and support of everyone above.

I expect the media to act like the National Enquirer on a daily basis.  The media has already long-earned a rusty chainsaw up the poop chute; there is no remaining respect to be lost there.

But I utterly refuse to give any respect to any person who enables and commits such an act.

Fredrica Wilson, may an alligator cross your path and turn you into the animal scat that you have demonstrated you already are through your own actions.  **** you.  Further, should you be reelected for your upcoming term every single person who votes for you in your district has earned the same sentiment.

As for the family, all of them, you have destroyed through your own intentional acts any right to sympathy or other consideration for your family member who gave their life for this nation.  You have crapped all over the very institutions that make it possible for you to take such an outrageous set of actions and get away with them.  In nations without such institutions and protections you would have been put in front of a firing squad within an hour for what you did; try it in North Korea, as just one of many examples around the world.

The deceased deserves much honor for his sacrifice, as does anyone who signs up for military service and has their check cashed.  Everyone who enlists, which I remind you is a voluntary act, especially those who enlist and serve in an elite unit, know damn well exactly how large that blank check is that they hand over on the day they go in and that it might get cashed at any time without notice.

The family members, on the other hand, who have intentionally abused a condolence call to express political hatred, including every member of said family that had any knowledge or involvement in allowing alligator-scat Wilson to be in the room, deserve to see the bird in their face everywhere and anywhere they may be forevermore into the future.  Your actions, each and every one of them, are in fact worse than those of Richard Spencer. While he speaks of vile ideas you not only have crapped all over this nation and the very institutions that have made possible this nation's continued existence for more than two centuries in addition you have and are dishonoring your own kin and his sacrifice in public, an unforgivable sin for which there is no redemption possible.

View this entry with comments (opens new window)
 

2017-10-19 14:57 by Karl Denninger
in Other Voices , 71 references
[Comments enabled]  

Yet more Canada!

View it here....

Don't forget the art she's got up on the block as well...

View this entry with comments (opens new window)
 

Main Navigation
MUST-READ Selection:
Our Nation DESERVES To Fail

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.