Monday, September 22, 2008

Mark Faber's comments on US Economy

Marc Faber comments on US economy -

Dr. Marc Faber concluded his monthly bulletin (June 2008) with the

''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 /software 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.'


  1. Good One !!!
    with the slowing American economy , so is the Canadian economy --- since we also produce Beer --- i am doing my part even without the federal rebate!!!Oh most American Prostitutes are Canadain -- thereby we have exported even that !!!

  2. America produces a lot more than prostitutes and beer. The last time I checked, Harvard, Stanford, Yale and Princeton were still in America and their graduates are hence made in America.