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Us Economy

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Marc Faber's comment on US economy- …

Marc Faber's comment on US economy-
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  • 1. Marc Faber's comment on US economy
  • 2. The federal government is sending each of us a $600 rebate.
  • 3. If we spend that money at Wal-Mart, the money goes to China .
  • 4. If we spend it on gasoline, it goes to the Arabs.
  • 5. If we buy a computer, it will go to India
  • 6. If we purchase fruit and vegetables it will go to Mexico , Honduras and Guatemala
  • 7. If we purchase a good car… it will go to Germany
  • 8. If we purchase scrap it will go to Taiwan
  • 9. and none of it will help the American economy
  • 10. The only way to keep that money here at home is to spend it on prostitutes and
  • 11. beer,
  • 12. since these are the only products still produced in US.
  • 13. I've been doing my part.
  • 14. Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D. in Economics . Faber resides in Thailand and is best known for the Gloom Boom Doom newsletter . Slides compiled by : Surendranath D Nair