This is a Great Ponzi Scheme - Video
Stock-Markets / Financial Markets 2013 Apr 15, 2013 - 10:21 AM GMTBy: Videos
Sometimes I am shocked at what leaks out over the mainstream media. Two days ago, former White House Budget Director in the Reagan Administration, David Stockman, dropped some financial bombs in an interview on FOX. He said the Social Security Trust Fund was “filled with confetti.” This was not included in the cut I posted. What is included in the clip is Stockman saying if the Fed was “gone fishing” for six weeks (meaning it would stop the $85 billion a month ”open-ended” money printing), “there would be calamity in the markets.” I think if the Fed stopped its $85 billion a month money printing, there WOULD be “calamity in the markets” in six minutes.
It seems everybody on both sides of the aisle hates his new book called “The Great Deformation.” That tells me he’s doing something right. The interview ends with Host Neil Cavuto saying, “On that happy note, if you have a syringe, you can now stick it in your eye.” But that quote has been cut off on all the videos I saw. (I saw it live and recorded it on my DVR.)
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