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David Stockman: America no longer a free market capitalist system (video)

Clay Koerner & Marty Pay, Takin’ Care of Business, The Clay and Marty Show, Released on 6/30/14

“I believe the American public and even a lot of Republicans do not yet understand that we’re no longer a free market capitalist system. We’re almost under the thrall of an economic dictatorship [the Fed].”

Part 1 (part 2 below)

“Unless somehow we tame and curtail this Federal Reserve and stop putting all these Keynesians on there – as both Bush and Obama have done – we’re going to be, unfortunately, faded to repeat this cycle over and over. You can’t do that forever without destroying the fundamental basis of prosperity.”

Part 2

David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman’s Contra Corner, and he is the author, most recently, of The Great Deformation: The Corruption of Capitalism in America.

3 Responses to David Stockman: America no longer a free market capitalist system (video)

  1. SortingHat Reply

    09/18/2017 at 3:07 am

    Judicial Watch got recent information (as of early last week) that during the Obama era many companies were being forced to give donations to communist causes that would funnel up rises and riots.

    He would force them to do it or find ways to put them out of business.

    The reason the whole internet is bogged down with slowness is because of spyware from both companies and government which with all the smartphone users bogs the whole network down.

    The moment smartphones went online that was it for our infrastructure since nothing was done to upgrade it.

    Before we had what was called mobile phones that just took/receive calls/text only and I’m fine with that as it’s the true purpose of a phone. It doesn’t try to imitate a PC as phones never will due to the small screen size and payment crap.

  2. SortingHat Reply

    09/18/2017 at 3:08 am

    During the Obama era the whole DLC and always online DRM really took off as a cheap way to do things during the poor economy. It is actually socialist more then anything as you never get to truly own or keep what you are digitally renting.

    The big industry wants everything tobe digitally rented. Hell now Youtube is trying to do their own TV service and there are car programs to share cars.

    What’s next? House sharing programs where you never get to truly own your house?

  3. SortingHat Reply

    09/18/2017 at 3:12 am

    It falls in line with the 45 steps to Communism which part of it is the elimination of private property and with the digital age and smartphones trying to be computers the industry has shifted.

    Those of us who claim to still use PC’s are basically flakes to them. We are clinging to the past like record players.

    An old 32 bit PC with duo or single core processor is a Victrola wind up record player that has no electric amplification.

    An I7 Quad Core GE Force computer is equal to an 80s stereo system with a record/tape deck combo. https://img0.etsystatic.com/031/1/6872099/il_340x270.549281292_8i7b.jpg

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