Veteran investor Marc Faber left the boards of money manager Sprott Inc. and mining companies Novagold Resources Inc. and Ivanhoe Mines Ltd. after he claimed in his newsletter this month that “the U.S. would look like Zimbabwe” if it had been settled by black people instead of whites.
“The recent comments by Dr. Faber are deeply disappointing and are completely contradictory with the views of Sprott and its employees,” Sprott Chief Executive Officer Peter Grosskopf said in announcing Faber’s departure from the board. “We pride ourselves on being a diverse organization and comments of this sort will not be tolerated.” …
His blasphemy? Faber wrote the following in his newsletter:
“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. I am not a racist, but the reality — no matter how politically incorrect — needs to be spelled out.”
A CNBC spokesperson said Tuesday the cable channel doesn’t plan to invite Faber back for appearances.
Not backing down:
“If stating some historical facts makes me a racist, then I suppose that I am a racist,” Faber wrote in an email to Bloomberg. “For years, Japanese were condemned because they denied the Nanking massacre.”
The battle between truth and PC fantasy is a long one, and there have been many casualties. Some truths, and some opinions, are not allowed by the protected class.
The definition of “racist” has inverted in recent years, making it largely meaningless except as a term of disapproval. It used to mean “discriminating between people on the basis of race.” But now the new left call you a racist if you are color blind — the new left demands you discriminate furiously on the basis of race, like them, or else they call you a racist.