Marc Faber Quotes
Refers to the nomination of George McGovern. McGovern was nominated and just as Sparks had predicted, the Democrats lost by one of the largest margins in history.
The election of Franklin Delano Roosevelt for a third term
On May 11, 1998, India exploded a nuclear bomb. The CIA and the NSA were caught flatfooted. They had no inkling of such an event, and found out about it when the Indian Government announced it. The entire world balance of power had shifted and the United States had no warning despite the fact that the Indian Prime Minister and other Officials had publicly stated that they were working on a nuclear bomb. The American Warning System had failed totally. That is what prompted McCarthy’s statement. However, many key people at the CIA were angry at their old colleague for so dramatically drawing attention to what they regarded as a slip up. Later, when she returned to the CIA, there was much contention and she was fired by Republican Director Porter Goss, but the details of the circumstances have never been made public.
Marc Faber is a Swiss investor based in Thailand. He is the publisher of the Gloom Boom & Doom Report newsletter and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.
