Tuesday, October 11, 2011

Gloom, Boom, and Doom Marc Faber to U.S. Tighten Your Belt; Flat Tax on Everybody!

The flamboyant Marc Faber in Montreal today, with "his blonde"

We had the Nasdaq bubble, housing bubble, stock market bubble, commodity bubble = very high volatility for 15 to 20 years.

"U.S.' problem is lack of savings." "I will tell you what the US needs. The US needs a Lee Kwan Yew who stands in front of the US and tells them, listen you lazy bugger, now you have to tighten your belts, you have to save more, work more for lower salaries and only through that will we get out of the current dilemma that essentially prevents the economy from growing." "

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