Phrase by 'Marc Faber'
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If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
Author: Marc Faber - American BusinessmanYou , Money , War , Power
When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.
Author: Marc Faber - American BusinessmanYou , People , Money , Service
Buy a $100 U.S. bond and frame it to teach your children about inflation by watching the U.S. bond value diminish to almost nothing over the next 20 years.
Author: Marc Faber - American BusinessmanValue , Nothing , Children , Bond
If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.
Author: Marc Faber - American BusinessmanLow , Company , Government , Accounting
I'd rather buy something that is relatively depressed than something that is relatively high.
Author: Marc Faber - American BusinessmanSomething , Than , High , Buy
In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.
Author: Marc Faber - American BusinessmanYou , People , Everything , Bubble
I am surprised with the reelection of Mr. Obama. The S&P is only down, like, 30 points. I would have thought that the market on his reelection should be down at least 50%.
Author: Marc Faber - American BusinessmanLike , I Am , Thought , Down
I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.
Author: Marc Faber - American BusinessmanCare , Better , Understand , Business
The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.
Author: Marc Faber - American BusinessmanYou , People , View , Problem
This is the choice in life. You choose what is less bad. I don't particularly like Mr. Obama, but I think he is less bad for the world than Mr. Romney. It is a tragedy of life that both candidates did not lose the election. They would have deserved both to lose.
Author: Marc Faber - American BusinessmanLife , You , World , Election
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