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Quote by Marc Faber

“I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama, who basically doesn't care about piling up debt.”

Quote by Marc Faber

Author

Marc Faber, born on February 28, 1946, is a renowned investor with a significant influence in the Asian financial markets. He is known for his unique investment perspective and forecasting abilities. more

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“If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom.”

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“In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.”

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“The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.”

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“I'm always wondering: Have all these time-saving devices actually saved us any time, or have they just created a million fetishes and obsessions that keep us from the quiet half hour we should be taking to sit and do nothing every day?”

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