“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker. I just mentioned that it doesn’t flow evenly into the system. So we are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide.”
http://www.businessinsider.com/faber-gold-wont-be-a-place-to-hide-2013-3
Related posts:
China, Russia Begin Naval Drills In Sea Of Japan
President Obama: Reject Warnings of Tyranny
NJ Police Lieutenant: Meeting Ticket Quotas A Daily Exercise In “Creative Writing”
How to get 2000ºF Solar Power From An Old TV
All About Bitcoin Mining: Road To Riches Or Fool's Gold?
One Woman's Quest to Bring Bitcoin to Botswana
Barter and Alternative Currencies Growing in Greece
Justin Raimondo: What the Oregon Standoff Is Really About
By the Numbers: How Dangerous Is It to Be a Cop?
Ex-inmate at Chinese prison: We made airline headsets
Still strong Indian demand for gold loans keeping banks interested
Missouri Cops Ignore State Law, Divert School Funding To Themselves
Transforming the Future of the Automotive Industry
Texas man raised over $4.5M in 2012 Bitcoin Ponzi scheme, feds allege
James Corbett with Sibel Edmonds: Gladio Revisited