Former OMB Director under the Reagan administration David Stockman went on an all-out RANT against the Fed this morning on CNBC, stating that
“Ron Paul is the only one who is right about the Fed, and the Fed is the heart of the problem. They have destroyed the capital markets and the money markets; interest rates mean nothing; everything is trading off the Fed and Wall Street isn’t even home… as it’s now a bunch of computers trading word-clouds emitted by this central banker and that… The Fed and the lunatics that run it are telling the whole world untruths about the cost of money and the price of risk!
FULL MUST WATCH INTERVIEW BELOW!!
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Stockman is “right on the money” with his comments. Unfortunately, none of what he suggests will be implimented – the status quo will be maintained until it’s too late and the system finally crashes on itself destroying everything.
I’m starting to wish I would have saved copper pennies also. Drastic measures will be needed to get the finances under control. This is what most refuse to hear but he is right. Glad he spoke out again.
Once he started talking….they wanted him OFF the set!! It is hard for the truth to get air time on the MSM!!
That’s why I support Ron Paul as president. Because He’s the only candidate who is right about the Federal Reserve. I hope that He becomes the future US president. He supports sound money which helps the money market and protects people’s capital.
If Ron Paul is not elected this term, he will not be president. Unfortunately, he’s too old. This election cycle has aged him significantly ( just go back and look at video of him a year to a year and a half ago compared to today) and I don’t think he has the stamina to do it again four years from now.
That’s if we even have an election four years from now.
Half the population may not be paying income taxes but what are they paying in fees, use taxes, sales taxes, property taxes etc compared to before the Bush tax cuts?
High frequency trading needs to be abolished, go back to human based trading, no algorithms that can make a profit off penny moves either way.
Why is it that MSM anchors really love the sound of their own voices? I was much more interested in what David Stockman was saying but his points were constantly interrupted by that blowhard of an anchor. Sheesh! SO annoying. Shut the _ _ _ _ up and let your guest speak, you idiot.
Many anchors would never let Ron Paul get a word in edgewise either. I guess speaking the truth is just not acceptable. Interrupting these truth-tellers makes them seem less credible—like it’s ok to talk over the “nonsense” they’re spouting.