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Marc Faber Barred From Major Media Outlets After Controversial Statement

Jalil Javed

Marc Faber, the famed Swiss investor, nicknamed “Dr. Doom”  for his no-nonsense perspective on the economy, has faced outrage from many after he was quoted as writing that America only prospered because it was ruled by white people.

“Thank God white people populated America, 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,” the financial analyst wrote in a newsletter in the October edition of his ‘The Gloom, Boom & Doom Report’.

The comment, which has been branded as racist, has led to outrage from many, with major media outlets rejecting to invite him on their networks as a guest commentator.

“We do not intend to book him in the future,” said a CNBC spokesperson

“Faber has not appeared on the network often, and will not be on in the future,” spokesperson for Fox Business Network said.

In Response, Faber told Reuters the following:

“What else would you expect? If stating some historical facts makes me a racist, then I suppose that I am a racist. Maybe I am wrong, and the US would be far more prosperous if the blacks had populated it, but then please explain to me why you would think so.”

Featured Image Credits: Getty


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