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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

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Us Economy

  • 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