MARC FABER: Obama Is A Disaster, And You Should Buy Yourself A Machine Gun

Yesterday it was Jim Rogers despairing over Obama’s re-election, today it’s Marc Faber, are there any financiers out there who are happy with the results of the election?

In an interview with Trish Regan and Adam Johnson on ‘Street Smart’, Marc discussed his reaction to Obama’s victory, and what impact he sees the result having on the US economy in the future.

It turns out that Marc’s beliefs are very similar to those of Jim’s; maybe they are onto something, and these are not just the ramblings of gloomers and doomers. He said that “Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”

“It is a tragedy of life that both candidates did not lose the election. They would have deserved both to lose.”

The fiscal cliff is obviously the largest event on the calendar for investors, but Marc remains optimistic, in a way, suggesting that “they will solve it. They will increase cosmetically some taxes and they will cut cosmetically some spending and it will all be back loaded 10 years from now. So in reality, not much will happen.”

Investors tend to believe that Romney would have been better for the economy; expecting the markets to drop by at least 20%, according to Mr. Faber, as a result of the high level of manipulation that the Fed has been doing.

By. Joao Peixe of Oilprice.com
Ref.: http://oilprice.com/Latest-Energy-News/World-News/Marc-Faber-Obama-is-a-Disaster-for-Business-and-a-Disaster-for-the-US.html

Views: 1200

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Burbia favorited tjdavis's blog post The Dems Love Their Demons
10 hours ago
John Miller commented on tjdavis's photo
Thumbnail

Comprehensive Coverage

"That car needs an exorcism, not an oil change."
13 hours ago
John Miller commented on tjdavis's blog post The Dems Love Their Demons
"If the Dems are dating demons, then that AI romance shoot was basically engagement photos."
13 hours ago
John Miller replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"Wouldn't be surprised if there's a whole lot more buried under the surface here."
13 hours ago
Less Prone favorited rlionhearted_3's photo
17 hours ago
Less Prone left a comment for John Miller
"Welcome John."
17 hours ago
Doc Vega posted a blog post

The Saga of Ape Canyon Revisited

 In the years that I’d written for the Plano Star Courier I got several invitations to go on…See More
18 hours ago
John Miller is now a member of 12160 Social Network
20 hours ago
Less Prone favorited tjdavis's photo
20 hours ago
tjdavis posted a photo
yesterday
Burbia posted a video

The lIIumlnatl Stallions: MethyIene Bluecifer & Mind-Control Horses [ FULL DOCUMENTARY ]

🐴🦄🐸 Get the NEW "lIIumlnatl Animal Coloring Book!" 🐴🦄🐸NOW AVAILABLE ON AMAZON - CLICK HERE: https://amzn.to/3SYgAkC🔑 Get MORE Access to the Secret Vid...
yesterday
Doc Vega commented on Doc Vega's blog post Memorial Weekend Getaway Horror Story
"Less Prone thanks for your support Buddy! "
yesterday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"cheeki kea, I really appreciate the reporting of Sky News. I think they've done a great…"
yesterday
Doc Vega posted a blog post

When

 Sad blue eyed poet rehearses his craftJust took a salvo in the compartment aftHis chances of…See More
yesterday
cheeki kea replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"You're damn right there Doc V. but we may never know exactly where all the funding came from…"
Friday
cheeki kea commented on tjdavis's photo
Thumbnail

Me-Again

"Oh Look a new version of Megan, can't say the old version looked to flash either. Seems like…"
Friday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"This asshole had an incredible number of overseas connections and incoming money from unnamed…"
Wednesday
rlionhearted_3 posted photos
Wednesday
cheeki kea replied to cheeki kea's discussion Tartaria
"It's been interesting reading the comments from the Hungarian Tartaria fans on social media…"
Tuesday
Burbia's blog post was featured

James Comey appears to call for the assassination of President Trump

I'm sure these are the kind of shells Comey is implying here. …See More
Tuesday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted