The Other Side Of Marc Faber: Gold, Hashish, And ‘Efficient’ Whiskey-Drinking

From hashish to drinking cheap whiskey in Chiang Mai clubs, the following clip rounds up the ‘best of’ Marc Faber over the last few years…

  • On the elites – “I am not sure the thinkers are in Davos
  • On the media – “you are an optimist, keep on dreaming… us foreigners just laugh”
  • On solutions – “cut government expenditures by 50%; fire half the government… including the President”
  • On Americans – “people in the western world have abandoned personal responsibility
  • On government – “who would have faith in the US administration, certainly not someone who thinks”
  • On Gold – “not to own gold is to trust central banks, and that you don’t want to do in your life

And another oldie but a goodie that sums up stimulus perfectly…

“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.”



via Zero Hedge Tyler Durden

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