"...So basically, the US economic policy, it’s not just a monetary problem. But the entire economic policies have been to perpetuate an American dream and live beyond means for the last twenty to thirty years. And that’s just not realistic. It was built on borrowing more and more to offset the declining income in real terms -- you know, those inflation adjusted terms. And now, the power of to borrow more is gone...." . - in Financial Sense News Hour"
at http://marcfaberchannel.blogspot.com/2011/07/marc-faber-us-grossly-neglected-their.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29
No comments:
Post a Comment