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FABER: Cut U.S. Government By 50% Now! (CNBC)

Cut the government by 50% and watch the economy take off.

Trillion dollar deficits as far as the eye can see.

Marc Faber on Squawk Box last Fall.  Among the many highlights, Andrew Sorkin gets smacked down like the punk that he is (8-minute mark).

"My medicine for the U.S. is simple: Reduce government by a minimum of 50 percent.  The impact would be immediately an improvement in the economy."

"I think the deficit in the U.S. — irrespective of who is in the White House — will stay above one trillion dollars per annum for at least as far as the eye can see."

"Eventually, you have either huge changes occurring in a peaceful fashion through reforms, or, usually, through revolutions.  The U.S. is getting closer to such a revolution as is Europe."

"I think here we’re going to go down 20 percent from the recent top at 1,470. The technical position of the market is poor and the corporate earnings are worsening."

Continue reading at CNBC...


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Reader Comments (10)

I don't usually like Marc Faber clips, something about the accent, but this was good TV. Thanks for posting this.
Oct 24, 2012 at 12:30 AM | Unregistered CommenterThe Verve
Some interesting comments from Faber about how Asia views the U.S. over the next 10 years and our massive stores of natural gas. Now, if we could could just get the drillers to be transparent about the hazardous chemicals they're using in the fracking fluids shooting below the earth, we might be able to get serious about tapping all that nat gas.
Oct 24, 2012 at 12:40 AM | Registered CommenterDailyBail
Vote to pay them the minimum wage in their state as servants of the people, give them one-time 2 year term limits, make them use Medicare health benefits only, revoke all security detail, put them ONLY on social security retirement, do not allow them to own stocks or get gifts of any kind, make their kids attend public schools, and make them ride buses. If they commit a crime cancel their citizenship, revoke their visas, they must consent to random financial audits, random drug tests, deport them back to Europe, Asia, Africa, or anywhere else they've come from, and never allow them back in the country.

See how committed they'll be then.
Oct 24, 2012 at 12:51 AM | Unregistered CommenterGrace
Grace for the win.
Oct 24, 2012 at 2:11 AM | Unregistered CommenterDailyBail
I know this will come as a shocker lol the part that's really laughable is the firmer U.S. growth what universe do these people live in or how stupid do they think we are????

Fed to keep buying bonds despite firmer U.S. growth


Maybe this is a large part of the problem?

America’s Schools: Breeding Grounds for Compliant Citizens


I taught my children to be respectful but I also taught them to question things.
Oct 24, 2012 at 2:33 AM | Unregistered CommenterLiberatedCitizen
'Obama, Romney = same police state': Third party debate up close (FULL VIDEO)

Who won this Third Party Debate? 1) Gary Johnson, and 2) Rocky Anderson.

Be sure to write-in the ACTUAL candidate of your choice, on November 6th:
Whether it is Ron Paul, Gary Johnson, or one of the other 3rd Party candidates.
Oct 24, 2012 at 3:21 AM | Unregistered CommenterAnon
FABER: Cut U.S. Government By 50% Now! (CNBC)

Cut the government by 50% and watch the economy take off.

Oct 24, 2012 at 3:25 AM | Unregistered CommenterAnon
In the documentary gasland, the fellow that is researching this stuff went around collecting water samples from peoples homes and offered a drink to one of Pa. officials. He politely declined for obvious reasons. If you haven't seen that doc, make sure to check it out. Pretty interesting stuff.
Oct 24, 2012 at 7:18 AM | Unregistered CommenterSKINFLINT
They should reduce gubment, but probably won't. Locally SS wants to put protective fence around campus to keep workers in or cretins out. Either way.http://articles.baltimoresun.com/2012-10-20/news/bs-md-social-security-fence-20121011_1_social-security-security-upgrades-security-measures
Oct 24, 2012 at 7:28 AM | Unregistered CommenterSKINFLINT
The economy will not change ANYWHERE(especially in the US) until the money that has been stolen from everyone for years and years and years is put back into circulation from the central banks, the reserves, and the people that have so much money that the next 15 generations of their families will never be able to spend it anyway.

Too late for that now in the USA...because the fact that Germany is getting ready to recover the gold that isn't there anymore is going to start a whole new "running around like a chicken with it's head cut-off" scenario with all the richest.

All the illegal, unwanted, and unneeded military actions need to be taken out of the picture too...by AWOL or mutiny. The best option to keep this country as a country, is for those troops to point all the WMD's they have pointed in places they have no business to be pointed at, were to point them at every central bank, reserve, major lending co's, and people such as the Rothchilds & Co... and NOW !

Other than that..or something similar..with 50% less Govt or not, this country is DONE.

Start THERE, and this country thrives unprecedented, and the utter hate for Americans(because of corrupt politicians and business) will go away. The contaminated foods will start to disappear(globally), new 'free energy' substitutes will be funded and implemented, health will improve(the pharmaceutical problem and the food problem), judicial systems will work alot more efficiently, the raping of the earth and every human will stop so we can start restoring....etc. etc..
If not...we will be infiltrated at every level. Judicially, economically, medically, mentally and physically. (so will every other country, but I'm thinking more along the lines of getting the changes to the U.S.A. going..the rest of this will fall in line)

Tell me I'm wrong...and prove to me WHY it's wrong..or STFU, bend over, and die horrifically..right beside your family while screaming "But you can't do this!" and doing NOTHING else.

To make the US govt 50% less would only mean that they would amp-up the lies by 200% for the corruption they need to cover-up. Which means they will have to exercise alot more ILLEGAL 'laws' and Executive Orders, and downright controlling regulations. If you think those are already in place, you'd be right..but you havent seen anything yet.

Distraction, people! Stay awake!

~Blessed Be to all~
Oct 25, 2012 at 4:36 AM | Unregistered CommenterWhizerd67

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