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Marc Faber: “Paul Krugman Should Go And Live In North Korea”

Posted By admin On December 14, 2012 @ 6:02 am In Money Watch | Comments Disabled

Zero Hedge [1]
Dec 14, 2012

If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most concerned about, a discussion of gold and silver, and culminating with his views on a world reserve currency, is him saying the following: “The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn’t intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea.” Priceless.

50 minutes of Faberian bliss:


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-12-13/marc-faber-paul-krugman-should-go-and-live-north-korea

[2] Training for ‘all-out war’ with the West: North Korea uses live artillery in drills near border as Kim Jong Un continues threats: http://www.prisonplanet.com/training-for-all-out-war-with-the-west-north-korea-uses-live-artillery-in-drills-near-border-as-kim-jong-un-continues-threats.html

[3] S.Korea starts live-fire drills amid tensions with North: http://www.prisonplanet.com/s-korea-starts-live-fire-drills-amid-tensions-with-north.html

[4] North Korea says to enter “state of war” against South Korea: http://www.prisonplanet.com/north-korea-says-to-enter-state-of-war-against-south-korea.html

[5] North Korea threatens to attack South Korea: http://www.prisonplanet.com/north-korea-threatens-to-attack-south-korea.html

[6] North Korea ‘highly likely to attack South Korea again’: http://www.prisonplanet.com/north-korea-highly-likely-to-attack-south-korea-again.html

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