Marc Faber on the Economy, Gold, WWIII [View article]
" That's the problem of society. If people can not accept the downside to capitalism, then they should become socialists and then they have a planned economy. " We do have a planned economy and socialism, but its for the ruling classes which were bail-out instead of liquidating.
For the "peasants", capitalism, or what remains of it, for the capitalist elites, a bail-out to the tune of $trillions in newly printed dollars, courtesy of the FED. The even larger problem of hyperinflation is yet to come, of course. And, sad to say, the "peasants" will once again be taken "to the cleaners". So much for capitalism, as it is practiced in the USA.
Marc Faber on the Economy, Gold, WWIII [View article]
That's the problem of society. If people can not accept the downside to capitalism, then they should become socialists and then they have a planned economy.
"
We do have a planned economy and socialism, but its for the ruling classes which were bail-out instead of liquidating.
For the "peasants", capitalism, or what remains of it, for the capitalist elites, a bail-out to the tune of $trillions in newly printed dollars, courtesy of the FED. The even larger problem of hyperinflation is yet to come, of course. And, sad to say, the "peasants" will once again be taken "to the cleaners". So much for capitalism, as it is practiced in the USA.