Marc Faber: QE Is How The Elites Are Getting Their Revenge On Illiterate Kids Born Out Wedlock
source: http://www.businessinsider.com/marc-faber-qe-is-how-the-elites-are-getting-their-revenge-on-...
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- Dagum
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Give Marc Faber credit: Among the doomers, he sure does have a way with ideas and rhetoric.
"Dr. Doom" made an appearance on Squawk Box this morning, and he explained what QE is really all about.
See, in a democracy, everyone has one vote. If you're rich and industrious and hard working, you have one vote. And if you're illiterate and were born out of wedlock and are living on welfare, you have the same, one vote?
In Faber's view, the elites are getting revenge.
By printing money, the earnings power of the proletariat is diminishing, while the assets held by the wealthy are going up. And at the same time, the wealthy are outsourcing more and more production to China, to further rob the masses.
So in otherwords, all we're seeing is wealthy-on-poor class warfare
Continued at:
http://www.businessinsider.com/marc-faber-qe-is-how-the-elites-are-getting-their...
"Dr. Doom" made an appearance on Squawk Box this morning, and he explained what QE is really all about.
See, in a democracy, everyone has one vote. If you're rich and industrious and hard working, you have one vote. And if you're illiterate and were born out of wedlock and are living on welfare, you have the same, one vote?
In Faber's view, the elites are getting revenge.
By printing money, the earnings power of the proletariat is diminishing, while the assets held by the wealthy are going up. And at the same time, the wealthy are outsourcing more and more production to China, to further rob the masses.
So in otherwords, all we're seeing is wealthy-on-poor class warfare
Continued at:
http://www.businessinsider.com/marc-faber-qe-is-how-the-elites-are-getting-their...
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Schnookums
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My snark aside (below), I think John Maynard Keynes sums up the situation:
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
- 1 year ago
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Schnookums
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Schnookums
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I love his CNBC caption; "Is known as a contrarian".
Thank you captain obvious!
- 1 year ago
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Schnookums
