Mark Faber is an analyst and entrepreneur.
In 2008, when the U.S. government decided to shake the U.S. economy by directing $600 to each U.S. citizen personally (in practice, only $300), Mark Faber wrote in his monthly report:
The federal government wants to give every US citizen $600, but if we spend that money on Walt Mart, the money will go to China, if we spend that money on gasoline, the money will go to the Arabs. If we buy computers, the money will go to India. If we buy fruit, the money will go to Mexico, Honduras or Guatemala. If you buy a high-quality car, the money will go to Germany or Japan. If we buy something, the money will go to Taiwan. If we buy drugs, the money will go to Bolivia, Colombia or the same India.
And not a single cent will be used to improve the American economy.
The only way to leave money in America and help the economy is to spend it on beer and prostitutes, as it is the only commodity that is still produced in the United States. I will definitely give my favour.