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« Rick Santelli: "Everyone Wants To See Jon Corzine In Prison' | Main | REPORT: Generals Strike Gold In Private Defense Industry »

FABER: 'Mr. Obama Is A Disaster For The United States'

Must watch Marc Faber on Bloomberg yesterday.  3 minutes.

Faber annihilates the Deficit President.

"It's difficult to tell where the market will go from here because we have so much manipulation.  It's money printing versus weaker corporate earnings."

"I'm surprised.  On the re-election of Mr. Obama, I would have thought the market should be down at least 50%.  Mr. Obama is a disaster for business, a disaster for the United States.  Not that Mr. Romney would be much better.

But I think the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.  And in the background you have Mr. Bernanke, who, with aritificially low interest rates, enables the debt to escalate ENDLESSLY!"


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Reader Comments (12)

The bloomberg reporters seem to only be worried about the lost wealth a market drop would cause. Well, this "wealth" would never have been there in the first place had it not been for the trillions of dollars of money printing Bernanke used to prop up the markets in the first place. stock markets were not created with 401k's in mind that must appreciate in value forever so people can retire and live happily ever after. That notion came along much later as a by product of the nanny state mentality which wants to legislate and monetize risk out of the markets so people can feel good. it's an idiotic policy and will ultimately fail.
Nov 9, 2012 at 12:28 PM | Unregistered Commentersteever
1- there was no real choice between Romney and Soetoro. It wasn't even a matter of the lesser of two evils, BOTH are completely evil.

2- The voting machines were hacked, in diffedrent ways, in different States. I know from this recent experience, the machines weren't even functioning.

ALso, there was massive fraud and cheating EVERYWHERE.
Including the tomfoolery of, ballots from the Military Overseas arriving late ( as if they couldn't have faxed, scanned them or voted by email.

NJ for one, allowed "e-voting."

I could go on and on with other happenings, the fraud was everywhere. ..worse than usual.

The entire Election - was a joke!
Nov 9, 2012 at 2:57 PM | Unregistered CommenterBonnie
Actually the military ballots not arriving in time was a joke. Check it out on snopes. The website that originally published the piece is a site that satirizes the military, kind of like the Onion. It was meant to make fun of the military mail system.
Nov 9, 2012 at 9:23 PM | Unregistered CommenterKelly
If Obama wasn't such a small, insecure person, he would ask Romney to be that Jobs Czar he keeps talking about.
Would please allot of people, and go a long way to showing that partisan in him. (Ha, Ha) .
I think Romney would do this, and do it well. Romney likes to be the one who comes in and fixes problems.
We have a jobs problem. Alas, I can dream.
Nov 11, 2012 at 12:02 PM | Unregistered CommenterBackgammon
What's lacking is applying spending to
not-oligopolistic structures that then
take advantage of protected pricing power
or shifting of risk.

I've actually proposed that Ponzi schemes can
be O.K. if we change them to work for good.

In fact, I've proposed adjusting Cap And Trade
so that
Cost Of Bonuses (For Reducers) Are Added
Pro Rata To The Ensuing Year's
Increase In CO2 Productions' Debits.

I think Ponzi schemes for good is new.
Therefore DB shouldn't have a problem with this.

Nov 12, 2012 at 2:23 PM | Unregistered CommenterENEN
Yes, 19 states so far. That speaks Voulmes. And Obama is just getting going on colpsing the country. Now hes going to force the banks do do it all over again........

Obama Launching Massive Campaign To Sue Companies, Organizations For Racial Discrimination On Everything From Credit Scores To Graduation Rates…
Nov 12, 2012 at 7:54 PM | Unregistered CommenterTexas Dar
https://ssl.washingtonpost.com/actmgmt/registration/login/long?appnid=world&destination=http://www.washingtonpost.com/world/national-security/obama-considers-john-kerry-for-job-of-defense-secretary/2012/11/12/8a0e973a-2d02-11e2-a99d-5c4203af7b7a_story.html And so the bartender says,"Why the long face."
Nov 12, 2012 at 9:12 PM | Unregistered CommenterSKINFLINT
Are they kidding???? John Kerry for Secretary of Defense.

That is like asking Jane Fonda to be Secreatry of Defense.

Kerry has a 7 million dollar, 76 foot yacht that he hides, so he does not have to pay taxes on it. Just like tax cheat Timmy!
Kerry has more money than Heinz has ketchup, and he is hiding a yacht.

John Kerry as SOD is like Obama being Comander in Chief....oh...wait.

Sen. Kerry Snaps Over Yacht Tax Scandal


INSIDER TRADING SCANDAL: John Kerry Made Bank On ...


John Kerry Then: Hear Kerry's Historic 1971 Testimony Against the ...


Statement of John Kerry


Why This Vietnam Veteran Cannot Support John Kerry | Nick Writes

Nov 13, 2012 at 5:58 PM | Unregistered CommenterBackgammon
DB, what is wrong with my links above? They all worked the day I posted.
Nov 14, 2012 at 5:16 PM | Unregistered CommenterBackgammon

They have been broken links since you first posted them. I fixed the last one, but the rest are not easy. The first problem is that most started with www instead of http://.

The second problem is that most of the URLs are incomplete. They were cut-off.
Nov 15, 2012 at 2:27 AM | Registered CommenterDailyBail

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