David Stockman – Flee The ‘Casino’ Market, Now Is The Time For Capital Preservation

Silver Bullion TV, Released on 8/14/19

Discussed in this interview:
04:18 Real negative fed funds rate reflated Wall Street
08:18 Central banks controlled by unelected posse have run amok
11:44 About time we end the Fed?
20:07 Do deficits matter to the United States?
23:01 No empirical evidence to support Fed’s 2% inflation target
26:51 How Greenspan started the Federal Reserve on the path to wealth destruction
33:31 When Nixon closed the gold window in 1971
37:23 How David Stockman would approach the fixing of the US economy

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 and Peak Trump: The Undrainable Swamp And The Fantasy Of MAGA.

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