[Video] The Middle & Working Classes do Not Benefit from Money Printing

Wednesday, October 3, 2012

[Video] The Middle & Working Classes do Not Benefit from Money Printing

Marc Faber - OneRadioNetwork - October 2, 2012 "Once you print money which the FED is essentially doing and has been doing now for a number of years , it does not flow evenly into the economy it flows into the financial sector frist and it boost asset prices so the people that own shares and assets they benefit but the lower middle class that does not own shares and the working class they do not benefit at all " says Marc Faber

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.