David Stockman -- Biggest Bond Bubble Ever—Buy Gold

Former White House Budget Director David Stockman is sounding the alarm and says, “The main thing is get out of the markets. These markets are unstable. They’re rigged, and there is no reason to own stock at this point of the game. It is so overvalued. Maybe you can get another two or three percent up, but you are facing another 30% or 40% down. The risk/reward is horrible. . . . The bond market is one giant bubble because the central banks have been buying all these bonds worldwide. They’ve been buying trillions of dollars’ worth, and they are still buying a trillion dollars’ worth on an annual basis. All that is coming to a halt. The Fed has finally run out of dry powder. They are out of the bond buying business. They are even talking about the initiation of the shrinkage of their balance sheet. That clearly needs to happen . . . . The central banks are finally getting to the end of the road. There isn’t going to be any more money printing, and that is going to leave a giant mess on the doorstep of all the fiscal authorities. It’s going to make the bond market a particularly dangerous place. There is a $100 trillion global bond market, and this is the biggest bond bubble the world has ever seen.”

In closing, Stockman recommended, “Get out of the stock market. Get out of the bond market and buy some gold.”








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The Deep State and the Donald | David Stockman

 David Stockman on what the generals, think tank experts, and ex-National Security Council types won't tell you. Presented at the Mises Institute's symposium with Ron Paul: "War and Peace in the Age of Trump". Recorded on 8 April 2017 in Lake Jackson, Texas. Includes an introduction by Jeff Deist.







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Former White House Budget Director David Stockman Warns Everything Will Grind to a Halt in 2017

 Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

Stockman also predicts very positive price moves for gold and silver as a result of the coming budget calamity.











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We Are Nearing the End -- David Stockman

 Former White House Budget Director David Stockman contends, “We are nearing the end. I think the world economy is plunging into an unprecedented deflation recession period of shrinkage that will bring down all the markets around the world that have been vastly overvalued as a result of this massive money printing and liquidity flow into Wall Street and other financial markets.”

On gold, Stockman says, “I think it’s more of an insurance policy and an option on the ultimate failure of today’s form of central banking. When, finally, the Keynesians, who are running all the central banks, when they are totally repudiated, I think gold will soar in value.”




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David Stockman : DOCUMENTING THE COLLAPSE The World Is Falling Apart

David Stockman The Global Economy Has Entered The Crack Up Phase







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David Stockman: Against Crony Capitalism

 David Stockman is our guest this week in the first of a two-part interview. He is also speaking at our Mises Circle event in Stamford, Connecticut, next week, along with Jim Grant and Judge Andrew Napolitano (watch for free at http://Mises.org/Live). Stockman was a congressman, Ronald Reagan’s budget director, and a private equity fund manager who saw the devastation brought to American companies by an economy built on cheap debt instead of real productivity. His book 'The Great Deformation' is a tour de force exposé of crony capitalism, an indictment of Treasury Department and Federal Reserve bailouts following the crash of 2008, and one of the most important books on crony capitalism ever written. His Contra Corner website (http://davidstockmanscontracorner.com) is a daily must-read for anyone interested in the truth about our rigged economy.




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The Fed Has Left Us With The Highest Leveraged Debt Ratio In History -- David Stockman

David Stockman: The Fed Has Left Us With The Highest Leveraged Debt Ratio In History






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How Crony Capitalism Corrupts the Free Market | David Stockman

Archived from the live Mises.tv broadcast, this lecture by David Stockman was presented at the Mises Circle in Manhattan: "Central Banking, Deposit Insurance, and Economic Decline." Includes a welcome and introduction by Llewellyn H. Rockwell, Jr. Music by Kevin MacLeod.






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$10-15 Trillion Deficits Built Into Next Decade - David Stockman

David Stockman: $10-15 Trillion Deficits Built Into Next Decade , Air Date: November 12th, 2014




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David Stockman: This Is Monetary Madness Gone Off The Deep End

David Stockman: This Is Monetary Madness Gone Off The Deep End Air Date: November 12th, 2014


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David Stockman: The Central Banks Are Run By Madmen

David Stockman: The Central Banks Are Run By Madmen Air Date: November 13th, 2014




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The Collapse of the American Impirium -- David Stockman

David Stockman, former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier is an insider's insider. Few people understand the ways in which Washington DC, The Fed, and Wall Street work and intersect better than he does. He's extremely concerned by the "perfect storm" he sees of concurrent failures in US policy across foreign, monetary, economic, and fiscal fronts.

David Stockman - The Great Deformation: The Corruption of Capitalism in America

Author David Stockman warns, "This is not a viable system. It's a house of cards . . . I think it will be a deflationary event." Stockman, whose latest book is called "The Great Deformation," goes on to say, ". . . financial asset prices will collapse." How does gold do in this calamity? Stockman says, "As they see those assets go up in smoke, I think there will be a flight to a monetary asset that people will have some confidence in, and gold will be that asset."

Monetary Cocaine: How The Fed Steals America's Savings

David Stockman, author of The Great Deformation: The Corruption of Capitalism in America, accuses the Federal Reserve of corrupting savings and the stock market.