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To: Crimson Ghost who wrote (3447)	10/20/2008 5:41:19 PM
From: LTK007	Read Replies (1) of 3906

Faber revealed his leftness today(he is definitely leftwing, IN SPITE his Austrian Economics) when he attacked the Paulson Plan as ONLY catering to the rich. He is said those that have caused all this pain are being bailed out but the U.S. Consumer is getting screwed. He pounded on this as being just a GIFT to banks and is WITHOUT any meaningful strings. The banks can do ANYTHING they want with the money, and they will do with that money what is best for them and damn the public. Faber also gave an eye-opening stat, that being that the mean NOMINAL income for americans was 50k in 2000 and is 50k NOW. When one corrects that to Inflation Adjusted one can easily see the overall american public is GOING sharply DOWNHILL in earning power---especially when you factor in REAL INFLATION over those 8 years. Faber repeated that he sees a prolonged, many years, of recession. And again stated this is the greatest Credit Bubble in the history on the Human Race and the blame is squarely on the U.S.Government for permitting this to happen . i will repeat what Faber wrote years ago, and that he views Greenspan as a man with ZERO MORAL INTREGRITY that did awful things FULLY aware they were wrong. i have NEVER noted Faber ever attacking another person as a CRIMINAL in newsletter other than Greenspan. Bernanke he calls an IDIOT, a gross incompetent---but Greenspan he denounced as worthles egomaniacal criminal. In short he was the actually saying Greenspan was a PSYCHOPATH, a man totally void of a conscience, void of any goodness. He, wayback, said "He prays the history exposes this MONSTER for what he is". And to think the market and american people worshipped him like some GAWD---the hideous Cult of Greenspan will go down as one of DARKEST PAGES in American History. Max

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