Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Thursday, January 7, 2010

Great Quote from Mark Faber

“The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I’ve been doing my part.” - Marc Faber

Thanks to John Chinnock for the quote.

No comments:

Post a Comment