Marc Faber On The Euro Bailout "The End Crisis Will Be Postponed Until The Sovereigns Go Bankrupt"

Watch the first few minutes.  Faber on the gathering storm of ECB money-printing.

Comments

[Tom Joad]

He doesn't point out that the money is printed (rather, just created electronically on a computer screen) for the banks, and the biggest chunks of government largess are going to corporations and the wealthy, not the people who actually need it, now that their jobs are gone. And as the wealth accumulates at the top, it basically goes out of productive circulation. The wealthy do not spend it on the goods that drive the economy. The middle class drives the economy, and they are being decimated. We need taxes to bring balance back to the economy, create jobs, and stop the accumulation at the top, and the race to the bottom.