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MARC FABER: If I Had To Vote For Obama Or Romney, I'd Shoot Myself
TMO ^ | 8-8-2012 | Henry Blodget

Posted on 08/08/2012 10:42:37 AM PDT by blam

MARC FABER: If I Had To Vote For Obama Or Romney, I'd Shoot Myself

Henry Blodget
Aug. 8, 2012, 11:43 AM

Marc Faber, the famous investor and strategist, says that neither candidate in the upcoming U.S. Presidential election is worth voting for, at least if the goal is fixing the economy.

In fact, says Faber, the Thailand-based author of the Gloom, Boom & Doom Report, if you put a gun to his head and told him to pick a candidate to vote for, he'd say, "shoot."

Why is Faber so negative on the two candidates?

Because he thinks neither Barack Obama nor Mitt Romney will have the balls to do what it takes to get the economy back on track, which, in his opinion, is significantly cut government spending AND modestly raise taxes. Rather, he thinks, both candidates will just focus on remaining popular.

Given that America will almost certainly choose one of these two candidates to be its next President, what is Faber's outlook for the U.S. economy?

Continued crappy growth.

Faber's outlook for the rest of the world, meanwhile, is even less encouraging. Europe is already in a recession, he says, and Asia's growth has peaked and is starting to decline.

Interestingly, Faber is not running away from stocks as a result of this dour view. Rather, he is starting to buy some stocks in Europe, because the valuations have gotten so slammed that he now finds the risk/reward profile attractive. And, with almost every government on earth trying to print its way out from under its huge debt load, Faber still remains a big fan of gold.

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: collapse; economy; faber; investing
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To: 2ndDivisionVet
Bravo! Well stated, Sir!

I first took my oath on 7 July 1964 and as far as I am concerned, it is binding on me as long as I live or until I join Mr. Faber in another country (FAT CHANCE!).

61 posted on 08/08/2012 1:09:36 PM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: RitaOK

Romney was not my pick but I believe the nation will be better off with Romney than Obama.
You disagree..I respect your right to do so.


62 posted on 08/08/2012 1:14:28 PM PDT by MEG33 (O Lord, Guide Our Nation)
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To: RitaOK
Well Rita, keep on truckin'. Maybe you will convince enough to avoid voting so that your boy Bambi gets another 4 years.

And you will be so proud to know the key part you had in converting the Republic to a Peoples Republic.

63 posted on 08/08/2012 1:14:49 PM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: 2ndDivisionVet

Bravo!


64 posted on 08/08/2012 1:15:48 PM PDT by MEG33 (O Lord, Guide Our Nation)
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To: Ingtar

I believe Romney is better than Obama for our national survival.
He wasn’t my pick..but he has my vote nevertheless.
We may even be able to convince Romney to edge right on some issues..I don’t see swaying Obama .
I believe Obama is a Marxist and does not value America.
I believe he is trying to destroy it. He is on his way to doing so.
I am passionate about getting Obama and his administration OUT.


65 posted on 08/08/2012 1:34:54 PM PDT by MEG33 (O Lord, Guide Our Nation)
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To: MEG33

This seems to be difficult for me to explain as so few can get it. I believe it is wrong for me (personally) to vote for Romney. That does not stop me from preferring him to Obama in the hopes that he is not as bad for the country as I believe him to be. On here, I will discuss this as I am not going to sway anyone. In “real life” I will refrain from answering those who ask me how they should vote.


66 posted on 08/08/2012 1:48:52 PM PDT by Ingtar ("As the light begins to fade in the city on the hill")
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To: Ingtar

I doubt anyone is swayed by my opinion..I just express it.
I respect everyone’s right to their own opinions and their right to vote their own conscience.


67 posted on 08/08/2012 2:09:51 PM PDT by MEG33 (O Lord, Guide Our Nation)
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To: Redleg Duke

Truth is painful and the only “out” out there is no out at all. This predicament calls for a brawl from the inside, which means standing on the ground you have and not giving an inch where you stand. We leave that caving and clawing and wishful thinking and compromising and giving in and giving up to you folks, whose squish brought us exactly to this point.

It’s not my fault your guy is a progressive - a polite term used among communists about communists.


68 posted on 08/08/2012 3:17:33 PM PDT by RitaOK (NO ROMNEY, NO COMPROMISE. NO WAY. NO HOW. NOT NOW. NOT EVER.)
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To: blam

It does seem the only viable choice Faber offers.


69 posted on 08/08/2012 3:23:44 PM PDT by Texas Songwriter (Ia)
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To: blam
"The federal government is sending each of us a $600 rebate.
If we spend that money at Wal-Mart, the money goes to China.
If we spend it on gasoline it goes to the Arabs.
If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany.
If we purchase useless crap it will go to Taiwan.
and none of it will help the American economy.
The only way to keep that money here at home is to spend it on prostitutes and beer,
since these are the only products still produced in US.(Eliot Spitzer)"

Marc Faber, Editor of Gloom, Boom and Doom Investing Newsletter
70 posted on 08/08/2012 3:25:16 PM PDT by Fred (http://www.obamanomicsoutsourced.com/)
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To: KGeorge

It doesn’t matter what Obamalini wants. It is simply going to happen, and it is a gift from past generations of liberals and feckless “conservatives”. When it happens we will either put an end to “progressism” by force, if necessary, or we will walk into the gulag like good “Bob Michel Republicans”.


71 posted on 08/08/2012 4:20:08 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: achilles2000

Surely, no one wants it to get to that point, achilles. After the moochbots (ows), I have *no* doubt that 0 *will* try to cram anything he pleases down our throats in the most, destructive, violent way possible. We didn’t pre-empt them in 2006 & we didn’t pre-empt him in 2008. We can’t afford to lose an inch, imho. Not this time.


72 posted on 08/08/2012 7:02:34 PM PDT by KGeorge (That blood curdling scream you hear in the voting booth, might be me.)
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To: 2ndDivisionVet

“I’m voting to rid this country of a Marxist imposter who’ll destroy the Republic in four more years. I took an oath in 1977 and was never relieved from my responsibilities, as far as I’m aware. You feel “pure” by voting for some third party nobody or writing-in a name, but those of us voting for the major party candidate are adults who know there are only two choices. You’ll feel principaled and I’ll know I tried to save the country. Okay?”


Yeah, voting for one of two socialists is really going to save the country. Fact is, we have a spiritual problem, not a White House problem. This country is under judgment and that is why we have the “choices” we have. Your pathetic little vote for these scumbags isn’t going to change anything. The sooner you grapple and accept that, the sooner you can move on to what is important.


73 posted on 08/08/2012 8:27:30 PM PDT by RaisingCain
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To: KGeorge

Of course no one wants it to head in that direction, but if Obamalini wins he will probably start to resemble Hugo Chavez. If he loses, Obama’s handlers will try to send OWS and the rest of the progressive and moocher-nation into the streets.

In the interim, anyone who resists Obamalini’s fascist aspirations will be labelled a “terrorist”.


74 posted on 08/08/2012 10:27:47 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: RaisingCain

How do they say EAT SH*T where you live, newbie?


75 posted on 08/08/2012 10:35:09 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: SoFloFreeper

So you want a competent socialist as President as opposed to an incompetent?


76 posted on 08/09/2012 2:48:36 PM PDT by Scarlet Pimpernel (And what rough beast, its hour come round at last, Slouches towards Bethlehem to be born?)
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