The investor cited the Women’s March on Versailles in October 1789 during the French Revolution that began in the market over the high price and shortage of bread that culminated in women besieging the palace.
“[They] did it in the pouring rain, and many of them, I suspect, didn’t even have any shoes. So why did it come to that? Well, the money printing and the giving away, ended up making the middle class poor, and the prior poor class starving to death. And at the other end, the people who were controlling the levers of the money printing became more wealthy,” Gundlach said.
— Read on finance.yahoo.com/news/gundlach-on-deficit-spending-stimulus-and-taxes-132214006.html
Leave a Reply