This was sent to me last week. I can’t find a definitive reference that the statement is actually accurate, but I thought it was amusing, particularly in the context of the Buy Irish discussions recently here on ValueIreland.com, and the recent campaign launched by various different local interests.
Legendary economist Dr. Marc Faber concluded his monthly bulletin (June 2008) with this:
“The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India.
If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US. I’ve been doing my part.”