ITM Trading, Released on 3/28/25

Buckle up. If you’re in the stock market or bond market, there’s going to be an explosion on the days leading up to April 2,” warns David Stockman, a former businessman who was a Republican U.S. Representative and the Director of the Office of Management and Budget under President Ronald Reagan. In today’s interview, he tells Daniela Cambone that the reason the U.S. ended up with trillions in deficits with its trading partners is not due to bad trade deals but rather bad monetary policy caused by the Fed printing money. “If Trump really understood monetary policy… he would be looking a few blocks away at the Eccles building. That’s where the problem is.” Stockman also points out that the fentanyl issue was not the real reason Trump turned his back on Canada. Watch the video to learn more about Stockman’s take on the economy and where we’re headed next.

00:00 Liberation Day
10:20 Financial disruption
16:47 Stock market
22:07 Canada-US trade
30:00 Drug issues
32:58 How to save $2 trillion
40:04 Gold
43:30 Cut US foreign aid
45:41 Concluding words

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 of The Great Deformation: The Corruption of Capitalism in America, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back, The Great Money Bubble: Protect Yourself from the Coming Inflation Storm, and Trump’s War on Capitalism.

  economy, gold, liberation day, stock market