Us Economy
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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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    Us Economy Us Economy Presentation Transcript

    • Marc Faber's comment on US economy
    • 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 scrap 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.
    • 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