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Wednesday, November 1, 2017
WND-Promoted Financial Analyst Makes A Racist Statement
Topic: WorldNetDaily

Contrarian investor and financial TV talking head Marc Faber recently got in trouble for declaring in a newsletter he was thanking God that "white people populated America, and not the blacks. Otherwise, the U.S. would look like Zimbabwe." He has since been forced to step down from an investment management firm at at least two corporate boards.

WorldNetDaily didn't mention the Faber controversy. It has, however, promoted Faber's pronouncements in the past:

  • A 2009 column by apt pupil Hilmar von Campe noted in an anti-Obama rant that "Marc Faber, better known as Dr. Doom, compares U.S. financial policy with Zimbabwe’s."
  • In a 2010 column, Dan Mangru mentioned Faber's description of Federal Reserve chairman Ben Bernanke as "the money printer."
  • A September 2014 column by Mark Liebowit ("one of the investment world’s top-rated gold timers, and helps investors anticipate and benefit from both the ups and the downs of the precious metals markets with his Leibovit VR Gold Letter (available to WND readers at a huge discount)") touted how "Marc Faber, noted Swiss investor, frequent guest on Fox Business and CNBC, and author of 'Tomorrow’s Gold: Asia’s Age of Discovery,' was interviewed recently on Palisade Radio. Faber sees reasonable value in the gold mining stocks right now, and in fact says gold mining stocks are deflated, he says government bonds and other assets are essentially inflated."
  • An October 2014 article by Leo Hohmann promoting WND fellow traveler Jonathan Cahn's book "The Shemitah" listed Faber among the "billionaires investors" who "see a major market correction coming and that it could be worse than 2008, adding, "Faber warns of 'massive wealth destruction' coming to America in which he predicts 'well-to-do people will lose up to 50 percent of their wealth.'"
  • Liebowit touted Faber again in a February 2015 column, focusing on his claim that "much of the world is tiring of U.S. government intervention and that it may even drive Western Europe out of NATO and into alliance with Russia."
  • WND has also published at least two videos of Faber's TV appearances.

While it appears Faber said nothing racist or offensive while intersecting with WND, it does show the company in which WND travels. As much as WND editor Joseph Farah (falsely) claims WND doesn't traffic in racism, it sure hangs around a lot of racists and race-baiters.


Posted by Terry K. at 12:20 AM EDT
Updated: Wednesday, November 1, 2017 9:01 AM EDT

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