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Doom" Faber claims that the U. Faber did not back away from the statements when asked for comment by CNBC, writing in an email, "If stating some historical facts makes me a racist, then I suppose that I am a racist. Doom" Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U. A CNBC spokesperson said it will not book him in the future. Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed years in the economic and political sun under a white majority," he wrote.

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He moved to Hong Kong in In , he set up his own business, Marc Faber Limited. He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay.

Faber has been a contributor to Forbes [25] [26] and International Wealth a sister publication of the Financial Times. 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. I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out as well. For years, Japanese were condemned because they denied the Nanking massacre," Faber said. Faber continues to stand by his remarks.

Retrieved Archived from the original on Dow Jones.

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He moved to Hong Kong in In , he set up his own business, Marc Faber Limited. He stated that there are few value investments available, except for farmland and real estate in some emerging markets like Russia, Paraguay, and Uruguay. Faber has been a contributor to Forbes [25] [26] and International Wealth a sister publication of the Financial Times. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs.

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