Wednesday, October 17, 2012

Marc Faber : Printed Money Goes into the pockets of well-to-do people

Marc Faber : ‘There is a huge misconception and fallacy that money printing can actually improve the rate of employment because the money flows down into the system.’ But what really happens, says Faber, is that the extra money ‘goes first into the banking system and into financial institutions, into the pockets of well-to-do people’. - in Bloomberg


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