phantom_opera
08-11-12, 15:55
Marc Faber's Asset Protection Plan: "Buy A Machine Gun", No Really, "You're Right, Buy A Tank"
Why?
Marc Faber, when interviewed about Obama's win:
“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers ....
=> unfortunately, when MAS allows pegging of interest rate to US rate ... the wealthy fat cats of Singapore will continue to profit from it :p And it is better to buy asset in Singapore because you won't need a machine gun or tank to protect it :rolleyes:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121107_weed_1_0.png
Why?
Marc Faber, when interviewed about Obama's win:
“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers ....
=> unfortunately, when MAS allows pegging of interest rate to US rate ... the wealthy fat cats of Singapore will continue to profit from it :p And it is better to buy asset in Singapore because you won't need a machine gun or tank to protect it :rolleyes:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121107_weed_1_0.png