Marc Faber; Both the Rich & the Poor Want to Game ‘The System’

From CNBC’s Market Masters Series…

Marc Faber, who always has something important to say shares his thoughts on an interesting angle (sorry for 2 Marcs in one week but this is too good):

poor people in the US try to game the system by collecting benefits, not working etc. Rich people in retribution, support money printing as it boosts asset prices and through inflation, reduces the value of transfer payments to the poor.

So we have both ends of the spectrum trying to “Game” the system. See the whole conversation: