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21 July 2011 at 09:33 - Posted by Anonymous

No room for gloom in pursuit of SA’s boom


Somebody from overseas sent me Marc Faber’s latest lecture predicting the soon-to-arrive downfall of the South African economy and, with it, the end of white supremacy here. Faber is a respected investment manager and commentator specialising in developing countries’ investment markets. The well-meaning person who sent me his lecture left South Africa many years ago.

The message is clear: get the hell out of South Africa while you can, move all your capital (earned in South Africa) where the sharks are white and not black, and do not do anything that can possibly help make South Africa a success.

If you already live overseas and your money is safe, send this message to as many white people inside South Africa as possible and you might be lucky and start to spread panic.

With copies to their friends and friends of friends… spread the message!!!

Make the life of white people in South Africa as miserable as you possibly can! It is free and rewarding.

Quite the opposite, I say.

Fourteen years into black rule has not brought South Africa to its knees, as happened in Rhodesia, thanks mainly to the chicken run.

Perhaps, if we stood together in opposition to our already undeniably despotic government, we might help to improve the lives of the millions of people who have nothing to lose but their lives, lives which, the way things are for them now, are not worth living.

Our work and the education and work of our children and grandchildren, as well as the work and the education of the many millions of black and Indian people who have as much to lose as we have, is what will make this country prosper because it will create work and prosperity for many others and through it, our despicable politicians will be confronted with knowledgeable and determined opposition.

The ANC will always be in power, but we can reduce the number of ignorant people voting for it if they are educated and enjoy a comfortable life.

The improvement in ANC policies is linked to the number of voters it loses. We have to be vocal while there still is freedom of the press and ignore those from outside of South Africa who, for perhaps personal reasons, would like to see South Africa become another Zimbabwe.

Mariano Castrillón

Little Falls, Roodepoort

This biographical material on Marc Faber is from the website – Letters Editor:

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura.

He studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics magna cum laude.

Between 1970 and 1978, Faber worked for White Weld & Company Ltd in New York, Zurich and Hong Kong.

Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the managing director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, Marc Faber Ltd, which acts as an investment adviser and fund manager.

He publishes a widely read monthly investment newsletter, The Gloom Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold – Asia’s Age of Discovery, first published in 2002, which highlights future investment opportunities around the world.

Tomorrow’s Gold was on Amazon’s best-seller list for several week and is being translated into Japanese, Chinese, Korean, Thai and German.

Faber is a regular contributor to several leading financial publications around the world.

A book on Faber, Riding The Millennial Storm by Nury Vittachi, was published in 1998.

A regular speaker at investment seminars, Faber is well known for his “contrarian” investment approach.

He is also associated with a variety of funds and is on the board of directors of numerous companies.

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