Thursday, October 13, 2011
The governments in the western world have grown like a cancer
Marc Faber : not necessarily for the corporations. for themselves. The problem is, governments in the western world -- and I'm not singling out the US -- they have grown like a cancer. And now they protect themselves to stay in power and they have a variety of alliances, like, for instance Mr. Obama he has no clue, but when he sees the protesters in Wall Street he immediately says yes, yes, yes that’s a good idea so he can target the minority so he can buy a few more votes. And of course the well to do people want to protect what they worked for and also what they're paying for because as you know in the US roughly 50% of the people don't pay any federal income tax. So actually to say that the rich have not contributed anything is actually wrong. - in CNBC
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Dr. Faber's comments are usually right on the money. Thank you.
ReplyDeleteI'm a middle class American hard working and I'm so grateful for my well to do employer. I'm grateful for people like you Mr. Faber. The world is so blind we will destroy are own jobs are own wealth and blame the very poeple who created that job.
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