Archive for the ‘Marc faber’ tag
Spent your rebate yet? no comments
Remember before the bottom fell-out of the global economy we were all issued a can of guv’ment cheese in the form of a $600 rebate? The idea was that we would spend it immediately and give the US economy the shot in the arm it needed to avoid, ahem, total collapse.
Well it seemed like a good idea at the time
If you have yet to spend it then, A. It’s your fault we are in this mess; and, B. Congratulations! You are now in a position to take advice from distinguished investment analyst and entrepreneur Dr. Marc Faber, of gloomboomdoom.com.
Dr. Marc Faber outside his home in..... Thailand, of course.
Dr. Faber, who has written for such respected business publications as Fortune and Forbes, is an economist with ideas that could not be called mainstream. Here is his advice on your rebate:
“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 fruits 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 the US.
I’ve been doing my part…..”
There you have it. He has a PhD, so you can trust him.
Get to work.