Marc Faber Quotes

Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: 'It does nothing! It creates chaos! It's a parasite that sucks hardworking Americans dry!'

You will notice that the Occupy Wall Street crowds - and the progressives who support them - focus on bringing the wealthy down to earth rather than lifting the 99 percent. They have a nearly religious belief that too much wealth is fundamentally immoral and unhealthy for society.

The laws are stacked for the wealthy.

I think greed is a critical problem - the gap between the poor and the rich. The gap between the top 10 percent and the bottom 10 percent.

The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.

The only difference between the Democrats and the Republicans is that the Democrats allow the poor to be corrupt, too.

Money is the most corrosive aspect of life today because it means that all attention to detail is forgotten.

I know of no country, indeed, where the love of money has taken stronger hold on the affections of men, and where the profounder contempt is expressed for the theory of the permanent equality of property.

Thank you, Occupy Wall Street. With your vivid example of anticapitalist squalor, I've been able to convince all three of my children to become investment bankers.

The world belongs to the wealthy, and nowhere is this injustice more apparent than in the workplace.

The post-crisis perception, at least in the media, appears to be one of Americans being held down by Wall Street, by big companies in the private sector, and by the wealthy. Capitalism is on trial. I see it a little differently. If a lender offers me free money, I do not have to take it.

Look around. Oil companies guzzle down the billions in profits. Billionaires pay a lower tax rate than their secretaries, and Wall Street CEOs, the same ones the direct our economy and destroyed millions of jobs still strut around Congress, no shame, demanding favors, and acting like we should thank them. Does anyone here have a problem with that?

If no man could become rich in Peru, no man could become poor.

In real terms, there is a greater disparity of earnings between the very rich and the very poor.

Capitalism is an organized system to guarantee that greed becomes the primary force of our economic system and allows the few at the top to get very wealthy and has the rest of us riding around thinking we can be that way, too - if we just work hard enough, sell enough Tupperware and Amway products, we can get a pink Cadillac.

The perennial conviction that those who work hard and play by the rules will be rewarded with a more comfortable present and a stronger future for their children faces assault from just about every direction. That great enemy of democratic capitalism, economic inequality, is real and growing.

I had hoped that foreboding economic circumstances would have caused the ultra-rich to think not just of themselves and increasing their own personal affluence. Unfortunately, however, too many of them lack concern, and without this concern, the divisive imbalance will only worsen with recession.

The Clinton administration cared a lot about the middle class and the poor. But it also cared a lot - too much, in retrospect - about the rich.

If everybody lives in the same way, there's something almost narcotizing about it, but the true misery of economic class difference is knowing that you can't have what somebody else does.

And if you look at the reality in the United States, where you have more than 40 million people below the poverty line and 42 million on food stamps, and then you look at poverty around the world, clearly the way we're running the engine of capitalism is not serving us well.

American democracy in the past has always been known for its large middle class and its relatively few very wealthy people and very few very poor people, but that is gone to today and the middle class is shrinking.

'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.

The rich are richer, and the poor are poorer, in the city than elsewhere; and, as a rule, the greater are the riches of the rich and the poverty of the poor.

The forces in a capitalist society, if left unchecked, tend to make the rich richer and the poor poorer.

I believe that the only people who really, truly benefit from any of the policies of Republicans are the wealthy. I'm in that 1 percent tax bracket, but I'm not a man of wealth.