Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Quote Of The Day: Prostitution is Good For The Economy

 

Dr. Marc Faber writes the monthly investment newsletter The Gloom Boom & Doom Report. He has also authored several books. Dr. Faber is a regular contributor to Forbes and "International Wealth" a sister publication to the "Financial Times."

In June 2008, Dr. Marc Faber ended his monthly bulletin with the following :

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."