Tuesday, August 13, 2013
Marc Faber : The Money Printing restores everything, it's a huge misallocation of Capital
Marc Faber : correct. they had some benefits. the money flowed to emerging markets, but to a limited group of people. and they bought properties in Mayfair and in the complications of New York and San Francisco. so what I mean is, basically the money printing restores everything. and it's a huge misallocation of capital whereby most of the capital doesn't flow to the ordinary people, to the middle class, to the working class. it flows essentially to the people closest to the money printing. and and of course, also hedge funds.
in a recent CNBC interview , Click here to watch the full interview >>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki