Protect Yourself as Economic "Trainwreck" Hits U.S.: Reagan Budget Chief
The American economy is headed toward a "trainwreck" as out-of-control money printing and government spending collide with reality, warned former director of Ronald Reagan's Office of Management and Budget, David Stockman, in this interview on Conversations That Matter with The New American magazine's Alex Newman. The question now is how many collisions, how bad it ricochets, and how bad it hits average Americans, he said. Among other concerns, Stockman noted that living standards are going down as inflation far above what the feds admit is happening eats away savings, and wages fail to keep up.
Expect that to continue getting worse as asset prices including real-estate and stocks plunge. The only way to restore capitalism and prosperity is adopting policies based on sound economics, stop the borrowing, reject Keynesianism, and stop the out-of-control money printing, continued Stockman. He also lambasted the political debate in Washington about the debt and spending, saying the proposed cuts by Republicans were insignificant when compared with the enormity of the spending and debt crisis. While the GOP "fake plan" might be better than nothing, it is not much better than nothing, he said, noting that the cuts were over a ten-year period and would almost certainly be ignored. All that and much more.
https://www.davidstockmanscontracorner.com/
For more great content, visit www.TheNewAmerican.com
-
30:38
The New American
1 year agoConversations that Matter | Protect Yourself as Economic "Trainwreck" Hits U.S.: Reagan Budget Chief
5.23K1 -
28:52
Liberty Sentinel
1 year agoHow To Protect Your Wealth from "Inflation Storm": Reagan Budget Chief Dave Stockman
7502 -
0:11
freegitson
2 months ago"Trump Promises Tax Cuts, Economic Boom"
351 -
5:23
Liberty Nation Conservative News
1 year agoNo, Republicans Won’t Make Inflation Worse – Swamponomics
11 -
24:27
The Tomsic Analysis
6 months agoBidenomics is a Disaster for the U.S.
25 -
5:22
The Wayne Dupree Podcast
2 years agoPeek: Biden Has Nothing To Do With U.S. Economic Recovery
1.21K15 -
2:43
MatrixToFreedom
1 year agoFed Chair Powell Says We're In a "Period of Below-Trend Growth" And Mass Unemployment... PATHETIC
20 -
1:00
Americans for Limited Government
2 years ago $0.01 earnedBidenomics: Spend More to Reduce Inflation!
61 -
4:55
Augusta Precious Metals
4 months agoHas the President Ruined Our Economy?
2 -
6:18
Lot49
4 months agoU.S. Government Debt Unsustainable
6