Stockman on the Feds Rate Cut

As posted to the David Stockman YouTube Channel on 7/31/19 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the Fed's decision to cut rates.  Also discussed is the recent debt ceiling extension measure which will allow the National Debt to grow another 2T in the next two years. (This is Blog Post #593) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped! A Nation on the Brink of Ruin . . . and...

As posted to the GoldSilver YouTube Channel on 03/12/19 (transcript of documentary as appears on YouTube) Today (3/12/19) brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeat in the House that spends money we don’t have. Perhaps most striking is that we are on pace to shatter the all-time debt-to-GDP record established in 1946 — when the country was in the midst of the life-or-death crisis of World War II — for no other reason than politicians lying to us about what the country can afford. One unrealistic promise after another campaign exaggeration from Democrat and Republican alike, one after the next, has gotten us here. Interest rates are still near historic lows. As the US economy begins to slow, the Fed knows that...