Marc Faber about Lehman Brothers bankruptcy 2008.09.15
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This is a global problem , we are all slaves.
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The way things are going, the American's will wind up as China's slaves.
3 years ago 2
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Yes and no. The dollar is the world reserve currency. 80% of the world's international financial transactions including at the World Bank and the IMF, 64% of their central banks currency reserves, most significant commodities like oil and gold are priced in dollars only. If the dollar is inflated in our economy, prices for everything go up around the world. Should the world decide to price oil or gold in another currency (Iraq/Iran) and sell dollar assets, they could survive while the US falls.
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Game over, man. Game over.
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Please, stop this school "who is better"
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welcome to china to be our slaves! lol
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he is the best economist I have ever earned. We should be greatful that he is sharing his insights!
patley22 3 years ago 5
slaveowners turned slaves against each other to control them. Dont forget that the rich(1% of world population) will still control the rest of the population. It does not matter if you live in China, Europe, or USA.
Elite have no borders. Chinese gov are destroying their land while the US gov is screwing the world and americans.
sgo81 3 years ago 3