CJJ

Marc Faber on the Economy, Gold, WWIII

whisperonthewind - You summed it up perfectly. Personal accountability is lost on everyone looking to dole out the blame for their pity-party.

Mr. Faber makes some false statements:

Individuals are not communist, socialist, or capitalistic - Societies/Governments/... are. Individuals do not create the system, they live in it. They may disagree or agree with it.

Many people are lazy and will mooch what they can no matter what. Many people are hard working and will do what they can no matter what. Many people are dishonest and will try to make money any way they can at the expense of anyone. Many people are honest and will try to make money honestly and provide opportunities for others. None of this has anything to do with communism, socialism, or capitalism.

Here Mr. Faber says he would tell worker in Detroit that the Government caused him to lose his home. Completely false and very populist type statement. While the government certainly created an environment that encouraged this whole mess. The government did not sign the contract.