Investment analyst and entrepreneur Dr. Marc Faber has concluded his monthly bulletin (June 2008) with the Following:
”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.’
Based on a forward received.
Intersting.
What about Indian currerncy ?
It also goes videsh
Suhas..Aurangabad.Maharashtra.
This comment is of June 2008 are we still living in past? You should inform people about recent development not past
It’s just a sarcastic comment by a great analyst…Good humor…Hope to see more such global posts by Mr. Sandeep in future…will not need to subscribe to other sites then…Good job..
Should TAXGURU post such rubbish utterences in the name of economic thought?
R Balasubramanian, Chennai-59.
Could follow Marc Faber’s frustration and concern for the Nation. It is only cyclical. Wait for the best yet to come from Obama! Of course Wal Mart is the spoil sports throughout the world. Does it enter into India to help India?
They will earn more money if they export those two items .