Marc Faber Resigns After Saying 'Thank God White People Populated America'Chris Menahan
Oct. 17, 2017
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Famed Swiss investor Marc Faber was booted off the board of Sprott on Tuesday for saying America is better off because it was settled by whites and not blacks.
"The recent comments by Dr. Faber are deeply disappointing and are completely contradictory with the views of Sprott and its employees," said Peter Grosskopf, CEO of Sprott. "We pride ourselves on being a diverse organization and comments of this sort will not be tolerated. We are committed to providing an inclusive workplace for all of our employees and we extend the same respect to our clients and investors."
From The Daily Caller:
Faber made a series of racially charged remarks in his 15-page newsletter The Gloom, Boom & Doom Report for October. Faber defended Confederate statues, arguing against taking them down because the men they honored were only trying to defend slavery. Faber also said that it was good that white people, instead of black people, settled in America.
Faber defended his comments, saying that he was only stating facts on the matter.Faber is also being banned from television, as Business Insider reports:
"We do not intend to book him in the future," a CNBC representative told Business Insider on Tuesday.Paul Krugman reacted to the news with glee, saying Faber came out as a "pro-slavery (!) white supremacist."
Krugman did not explain how pointing out the fact African tribal leaders sold slaves to Americans and others makes one "pro-slavery."
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