Tuesday, June 14, 2016

Brusells is a slave country owned by US says Marc Faber

We never really came out of the 2007-2008 recession. We had massive fiscal stimulus, we had massive monetary stimulus. In other words - if you just throw money at the system, then spending goes up, but there are, still, huge imbalances, and in my view, the world is facing very-very low growth going forward, very-very low growth. There are structural reasons for that. 

We have a horrible, I repeat, horrible bureaucracy in Brussels, in the EU, that basically is slave of the U.S. - the U.S. dictates a lot of policies in Europe, including that they've also blackmailed Mrs. Merkel to be hostile against Russia. Russia and Germany, Russia and Europe were historically very close to each other, but this has now changed.