What will really benefit the US Economy?

May 31st, 2009 No Commented

Categorized Under: Economy

Investment analyst and entrepreneur Dr. Marc Faber concluded his June 2008 monthly bulletin with the Following note:

”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 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.’

I am sure by the time you read this blog, you would have enjoyed your weekend and also done your part!!!

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