Market doomsayer Marc "Dr. Doom" Faber has launched a racially charged diatribe in his latest newsletter, alleging that the U.S. is great primarily because it is ruled by white people.I assume that if CNBC thought that he was wrong, then it would just have another guest to prove him wrong. Not that it would have to do anything, as he did not make the controversial comments on the air.
The eccentric Gloom, Boom & Doom report author, who often speaks on CNBC and other financial media, generally forecasting some type of market downturn, focused his latest comments on the racial conflicts happening around the country.
(A CNBC spokesperson said it will not book him in the future.)
"And thank God white people populated America, and not the blacks. Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political sun under a white majority," he wrote.
"I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out."
The guy apparently thinks that racial conflict is increasing, and is bad for the future of America. I guess he is not allowed to say that anymore.
Zimbabwe is a country that went from white rule to black rule, and then to chaos.