Marc Faber Quotes

We've all got to get away from this idea that the big money's still around.

When wealth concentrates at the very top, it can inflate unstable bubbles that threaten the economy.

What's good for the financial industry probably isn't good for you.

As blue chips turn into penny stocks, Wall Street seems less like a symbol of America's macho capitalism and more like that famous Jane Austen character Mrs. Bennet, a flibbertigibbet always anxious about getting richer and her 'poor nerves.'

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.

If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers?

Concentrating wealth in the hands of the few and deregulating financial institutions and practices lead to speculative bubbles that eventually burst - and that brings the whole country down.

During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.

Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

The rise in the price of gold is a sign that capitalism has stumbled.

The concentration of wealth in the hands of the few threatens the ability of ordinary people to raise their voices and have a say over how our societies are run.

The rich don’t need to rely on government … -- they can buy … things for themselves. In the process, they become more distant from ordinary people, losing whatever empathy they may have once had. They also worry about strong government: one that could use its powers to … take some of their wealth, and invest it for the common good.

Since 2009, 95 percent of all gains in the economy went to the top 1 percent. That didn’t leave very much for the rest of us.

This country is very good at creating wealth, but not very good at distributing it.

The Alliance for Progress is an alliance between one millionaire and many beggars.

While the income of a minority is increasing exponentially, that of the majority is crumbling.

… perceptions of poverty have gone up because there’s been rising inequality.

We cannot continue to have the upper class wealty getting richer and richer, the middle class shrinking and 43 million living in poverty.

You have six of the ten wealthiest counties in America surround Washington, D.C., and the poor and middle class are getting squeezed while people at the top and people with influence in government seem always to be doing better.

Nothing takes the sting out of these tough economic times like watching a bunch of millionaires giving golden statues to each other.

I'm really sick of the 'one percent' that is taking all the money from this country, draining the middle class, making it nonexistent.

It's not in our nature. Americans have never been a people that drive through a nice neighborhood and say, 'Oh, I hate the people who live in these nice houses.'

You can only choose between rich and poor. The middle class is gone.

As capitalism falters, the rich move their money out of the country, violence increases, and politicians promising prosperity are elected.