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Flee The 'Casino' Market, Now Is The Time For Capital Preservation (Video)

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Includes: DDM, DIA, DOG, DXD, EEH, EPS, EQL, FEX, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWM, RYARX, RYRSX, SCAP, SCHX, SDOW, SDS, SH, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, UWM, VFINX, VOO, VTWO, VV
by: Gregor Gregersen
Summary

Central banks controlled by unelected posse have run amok with monetary policy.

No empirical evidence to support Fed's 2% inflation target.

Centrally planned monetary policy does not work - it is leading us down the path of negative interest rates.

SBTV spoke with David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan, about how the Federal Reserve's policies are sending the economy into a prosperity-extinguishing crisis. David Stockman is also the author of several books including his latest book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA.

Discussed in this interview:

  • 04:18 Real negative fed funds rate reflated Wall Street
  • 08:18 Central banks controlled by unelected posse have run amok
  • 11:44 About time we end the Fed?
  • 20:07 Do deficits matter to the United States?
  • 23:01 No empirical evidence to support Fed's 2% inflation target
  • 26:51 How Greenspan started the Federal Reserve on the path to wealth destruction
  • 33:31 When Nixon closed the gold window in 1971
  • 37:23 How David Stockman would approach the fixing of the US economy

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.