"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."
Marc Faber on US economy (Get the image of this)
If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
Marc Faber on US economy
What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.
Marc Faber on US economy
Marc Faber on US economy (Get the image of this)
If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
Marc Faber on US economy
What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.
Marc Faber on US economy
"Mirror, Mirror on the Wall, When is the Next AIG to Fall?"
Marc Faber on US economy
"Buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years"
Marc Faber on US economy
