Was Marc Faber Blackballed For Speaking The Truth?
The Market Ticker - Commentary on The Capital Markets
2017-10-22 07:00 by Karl Denninger
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Was Marc Faber Blackballed For Speaking The Truth?
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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 in a bathroom.  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?


Will we? 


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 and peaceful 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 what actually happened and why 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.

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User Info Was Marc Faber Blackballed For Speaking The Truth? in forum [Market-Ticker]
Posts: 376
Incept: 2012-10-11

Northern VA
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Just look at South Africa swirling the bowl.
Posts: 57
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"He who controls the past, controls the present. He who controls the present, controls the future."

--Nineteen Eighty-Four

Now, please return to your regularly schedule broadcast from the Ministry of Truth.
Posts: 424
Incept: 2009-04-06

Bremerton, WA
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Sounds like Marc Faber has some race realist tendencies.

That people react so strongly to his statement only means that those reacting are strongly in denial.
Posts: 7867
Incept: 2007-09-10

Scottsdale, AZ
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It seems that the truth is racist if disagrees with the status quo. The propaganda machine is on full overload to keep the nation divided.
Posts: 437
Incept: 2009-11-13

NW Colorado
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I've noticed recently that if one is born a white male one is, by default, a privileged racist.

America! **** Yeah!

The light at the end of this tunnel is a train and it's gathering speed.
Posts: 6042
Incept: 2007-09-04

Wilmington, NC
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I'll just leave this here...


"Since the dawn of history the Negr0 has owned the continent of Africa rich beyond the dream of poets fancy, crunching acres of diamonds beneath his bare black feet and yet he never picked one up from the dust until a white man showed to him its glittering light.

His land swarmed with powerful and docile animals, yet he never dreamed a harness, cart, or sled.

A hunter by necessity, he never made an axe, spear, or arrowhead worth preserving beyond the moment of its use. He lived as an ox, content to graze for an hour.

In a land of stone and timber he never sawed a foot of lumber, carved a block, or built a house save of broken sticks and mud.

With league on league of ocean strand and miles of inland seas, for four thousand years he watched their surface ripple under the wind, heard the thunder of the surf on his beach, the howl of the storm over his head, gazed on the dim blue horizon calling him to worlds that lie beyond, and yet he never dreamed a sail.

Cognitive Co-Dependency is when a normal rational person, internalizes irrational illogical presentations, and somehow reconciles them to fit their scripted indoctrination of logical analysis.
Samuel L. Clemens:There is NO Native Criminal Class; EXCEPT for CONgress
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What's wrong with a black majority in Zimbabwe? Is CNBC admitting that Zimbabwe is a total disaster? LOL.
Posts: 937
Incept: 2008-12-09

Spokane WA
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The same thing that's wrong in Detroit?

Omne mendacium est.
Posts: 59
Incept: 2008-10-09

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All of this is based upon a misunderstanding of race and culture. There is one race: the human race. All of our "tribes" are better described as "cultures." The term comes from the Latin 'cultus' which describes a group of people with a shared value system. This could and often does include a common faith or religion.

The point is that people's values shape their choices. I think this is the point Mark Faber was trying to make. What is missed is that attributing the problems to physiologial differences is often a vast oversimplification. In their book, "Why Nations Fail," Daron Acemoglu and James Robison do a careful study of the residents of Nogales, Sonora (Mexico) and Nogales, Arizona. The genetics of the people are virtually identical, yet differences in the governments lead to different outcomes. One can make a similar case in a comparison of Haiti and the Dominican Republic. The hard truth is that choices matter. One's lot in life is highly influenced by the sum of one's choices. I am quite happy that I grew up in the culture of the US from 1955 and later. I think we have abandoned many values that made previous generations successful.
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I find it ironic that those that are so offended deny the "science" that they shove down my throat.
Posts: 8303
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A True American Patriot!
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Speaking of Zimbabwe... Guess who the UN's World Health Organization appointed to the position of "Goodwill Ambassador"?

Of course, they ended up back-pedaling after only a few days, but still..

"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do." -- Robert Heinlein
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I am sure you'll know this - as a media platform, are you liable for what people post on it? Can you be trialed for libel if someone makes a slanderous comment on your message board?
Posts: 219
Incept: 2009-10-06

Msumelle, Ar
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Yes Farber was telling the truth and here are a couple of more truths.

Several years ago I read Thomas Pakenham's book, "The Scramble for Africa", and Alan Drury's book. "A Very Strange Society". about South Africa. Both books have a lot of good information on the history of Africa.

The most salient point that came out was that if the Europeans had never come to Africa it would be today what it had been for ten's of thousands of years. It would have remained in it's primitive Tribal form and would never have progressed any further than it had.

Consequently if there had never been slavery then the Black population of this country would be effectively Zero as there would have almost no natural migration to this country.

Several years ago I looked up the black population of Western Europe and I found it was at the most maybe 3%. That was probably due to natural migration from Africa.

Farber may be getting castigated for his remarks bit that doens't mean they are not true. It's just a truth in this PC age that the Left does not want to acknowledge.
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Zimbabwe should serve as a warning of the expropriation of productive people. When Mugabe seized the land of the white farmers, those who took over were unable to replicate the output. So there was quite a bit of hunger.
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Crossthread, where is your quote from?
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arkansas ozarks
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in a land of endless summer i guess foresight and innovation have not so much survival value as they do where every winter tests the preparations one made for it.


Never trust a computer with anything important.
Posts: 107
Incept: 2015-02-20

New Zealand
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The biggest problem is this sentence:

" then I suppose that I am a racist "

By over playing the term racist it has lost its bite.

If you are white you are born racist and therefore you can't fix it. But what we also know is that you should not feel bad about things you can't change about yourself (and no white person has successfully not been racist) in fact you should have *pride* in how you are born.

You should be proud to be a white racist. This is the logic of social justice.

When the damn breaks and everyone just starts accepting that they are racist now and embracing it, minorities are ****ed. Why the hell would you try to goad whites into a race war?
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A True American Patriot!
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I am sure you'll know this - as a media platform, are you liable for what people post on it? Can you be trialed for libel if someone makes a slanderous comment on your message board?


Section 230 of the Communications Decency Act.

I can make a fairly decent argument that this law is deeply flawed, in that it allows me to PROMOTE (for money) someone else's speech on a singular basis (as opposed to selling access to a COLLECTION) and not be responsible for it. This is how Face****er got to be what it is, incidentally.

The CDA was passed due to what was formerly case law (Cubby .v. CompuServe), which was far more limited in scope. When I ran MCSNet we were operating under that case law, which happened to mesh pretty well with how I reasoned out the various positions, actions I could take, and my liability for same.

The CDA, as with virtually everything that some group of lobbyists does, went too far and effectively spawned the entire "sell abuse by others who have no assets" industry, which is what we have today. The underlying premise (legislative certainty .vs. case law) is good, but the language leaves something to be desired.

Winding it down.
Posts: 152
Incept: 2009-08-17

Boynton Beach, Fl
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I saw Mish comment on this and I was quite disappointed. This was not a racist statement. No rational person thinks that anyone from Africa in 1776 was familiar with Hobbes, Locke, Burke, and Rousseau. No one from Africa would have been steeped in Western civilization since before the Greeks Nor would they be familiar with England's release from the rule of Kings via documents like the Magna Carta. About all the government the Africans were aware of were tribal leaders. They had no theory of democracy or republics. They had no theory of limited government. They had no theory of natural law.

Faber is 100% correct and doesn't take a "racist" to see that. Anyone complaining about Faber would be forced to admit he is right with less than 15 seconds of reflection
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That point about Europe is interesting. There is a book called, "Life At The Bottom", by a British psychiatrist who practiced in prisons and among England's indigent. The pathologies pointed out by American conservatives (who are immediately denounced as racists), is alive and well among the poor in England. Except there are few blacks in England (save those who went to be educated, mostly), so his analysis is largely exempt from allegations of racism.

The author is Theodore Dalrymple, and if you don't want to buy his books, his collected works are at City-Journal.org. The book is a compilation of his essays for that publication.
Posts: 2700
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Seems like Faber was later to the party, someone beat him to it.


Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
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Stephan Molyneux had an interesting guest from South Africa a couple months ago. He gives the view from someone born and raised there (and his family for many generations).

Long, but interesting.

Posts: 1378
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A True American Patriot!
San Antonio de Bexar de runover with illegals, Texas
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I just saw an article that said Vietnamese are now the highest income earners in the United States by race. I remember when I had just started a job in Austin in 1983 and would go to work before 5am each morning. I started stopping at a mom and pop doughnut shop. The owner was a Vietnamese boat refuge from 1975. By 1985, I got to know them well. Their 18 year old daughter had just received a full boat scholarship to a major east coast college in engineering. When she came to the US in 1975, she was 8 and could not speak English. I remember the day he found out. All he said for weeks was this was the greatest country in the world where someone could come here and in 10 years and get this kind of opportunity. OBTW. Every morning his daughter would be there helping and studying between baking and waiting on customers before school. He never told me any details on how he got the business started, but his entire family worked there.

You CAN be a underprivileged minority and become a success (and besides not speaking English, they only had the clothes on their backs).
Look around at all of the Thai, Chinese food restaurants as well as nail salons. Hmmm. Maybe we should put Asian's in charge of our educational/welfare system?


Democracy is a conversation between 2 wolves & a sheep discussing what's for dinner. A Constitutional Republic is found when the sheep pulls out a gun & makes clear that his 2nd Amendment Right will be exercised should the wolves attempt to hold such a "vote."-KD 9-29-15
Posts: 344
Incept: 2011-03-24

Washington, DC
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We live in the a world that seems to adhere to the following and I am not sure who wrote or said it:

If you have the fact argue the facts.
If you have the law argue the law.
If you have neither just argue.

We don't have debates and discussions on reality and facts. There are many people who argue on feelings, political correctness, or what they perceive they want.

Calling attention to the plight of poor people or civilizations and showing it may be or actually is their own decision making that put them there is somehow hateful. Constructive criticism is now hate speech, because you hurt some feelings. Everybody now want to be a victim, because they can get special treatment or monetary benefits. Statements or sentiments such as "my great great grandparents were slaves and you owe because of it", put them on some sort of pedestal or more righteous position that you and no they can exert control over you and your life. That seems to be the motivation or MO of the your a racist debate.

The truth isn't always pretty or kind, but if you listen and learn it will set you free and improve your lot in life. I see it in my own family where the younger generations don't adhere to constructive criticism, but think it is a sign of hatred.

The younger generation of this country through the likes of Bernie Sanders, Barack Obama, and a list of others is being sold a bill of good like Hugo Chavez sold to the people of Venezuela. We see how that is turning out. Hopefully we wake up, but I am not sure before we hit the wall or go over the cliff.

(Politicians), 536 commoditized temple monkeys pawing through the ruins of America in search of bribes. (The District of Corruption) works like a vending machine. You put coins in the slot, select your law, and the desired legislation slides out." Fred Reed. Some editting by me.

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