Friday, January 24, 2014

Marc Faber On how to help the people on the lower end of The Economic Spectrum

"This is the point I'd like to make. All of these professors and academics at the Fed who never really worked in the private sector a single day in their lives, and write papers nobody reads and nobody's is interested in. Why would they want not write about how you structure an economic system that lifts the standard of living of most people? You can't lift everybody."
"We had that in the 19th century in the U.S. because we had very small government at the time. The entire government -- local, state federal -- was less than 20% of the economy. Now it is close to 50% of the economy."

- in Bloomberg TV : 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.Dr. Doom also trades currencies and commodity futures like Gold and Oil.


  1. here we are again ,let's all go to private hospitals and schools they're so much better !!! specialy in swizerland colleges where they save money even on health issues, I know of some deaths,nurses who report their employers for endangering (rich)children without any steps taken by authorities thanks to protections,postmail to parents read, schools reporting to parent that children were lying about the school and had mental problems....pedophiles ...
    and this is in Swizzerland and expensive schools,imagine elsewhere and for poors

  2. we are again.....what about private hospitals (so much beter than public) in thailand spcialy in chiangrai
    but everywhere ,farang dying when their credit card run out
    diagnostic volontary mistakes...surgical nonsenses and so on....human nature what is not public is greedy, prove me wrong please


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