Friday, September 28, 2012

The Money Printed Does not Flow Evenly to everybody

Marc Faber : ..basically if you are over indebted the one solution is to bring down debt but by extending more debt and encouraging more consumption you do not do that you just postpone the problem you do not resolve it and in my view the problem with money printing is that the money that is being printed or dropped as Mister Bernanke said from helicopters does not flow evenly to everybody and does not left all crisis at the same rate in FNN Australia
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.