Marc Faber : numerous FED members make Bernanke look like a hawk

Faber's big beef is with US Federal Reserve chairman Ben Bernanke. But "numerous Fed members make Mr. Bernanke look like a hawk," he said. Nor does it matter who is running the White House. Because thanks to welfare and military budgets, "spending is out of control, tax is low, and most spending is mandatory.""Ben Bernanke can drop as many Dollar bills as he likes into this room," he told the LBMA conference in Hong Kong, "but what he doesn't know is what we will do with them. His helicopter drop will not lead to an even increase in all prices. Sometimes it will be commodities, sometimes precious metals, collectibles, wages or financial assets. [More importantly], the doors to this room are not locked. And so money flows out and has an impact elsewhere – not in this room." - in goldseek.com