Mark Faber @ 7:30 – “The best reaction to a crisis is not to increase your fiscal deficits and government spending and ease money, what you should do is fire half the government staff, because the government in the U.S. , municipalities, states and the federal government is already half the economy. So you fire half of them, and make these characters work instead of just looking after their offices and doing nothing all day.”

“There are 33.8 million food stamp recipients in the United States out of an elligible population of about 200 million. . . so in short the unemployment rate is much higher in the U.S. than what the government is publishing. The publishing is lying.”

Marc Faber on the Fed, government intervention, 17% real unemployment, & more

This entry was posted on Tuesday, July 28th, 2009 at 4:45 am and is filed under Money/Economy/Taxes.