David Stockman - Massive Stampede Into Real Money As Confidence in Keynesian Regime Evaporates

Posted by Vincent Tie on 20 May 2020


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

 

 

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