Sunday, June 2, 2013

Marc Faber: "People With Financial Assets Are All Doomed"

Throughout history, growing wealth inequality has been corrected either peacefully, through taxation and wealth redistribution, or by revolution, as in Russia.

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I want to have some assets that aren't in the banking system.

When the asset bubble bursts, financial assets will be particularly vulnerable.

Gold is easier to carry than a Lamborghini.

http://www.zerohedge.com/news/2013-06-01/marc-faber-people-financial-assets-are-all-doomed

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