Silver Bullion TV, Released on 5/20/20
SBTV’s latest guest is David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan. David believes confidence in central banks is waning and will culminate with a massive stampede into real money – gold and silver.
Discussed in this interview:
03:49 Economic shutdowns flattened U.S. economy instead of infection numbers
13:17 Government bailing out every citizen
19:22 Real return of money is negative
22:51 $10 trillion? $20 trillion? What’s the limit on Fed’s balance sheet?
25:44 Cluelessness to basics of finance and sound money
29:19 Once gold breaks $1,900, it’s off to the races
33:09 Long & deep L-shaped bottom ahead for U.S. economy
37:04 New monetary system based on gold
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.