Dumb David Stockman Thing One: Capitalism has been corrupted by government- Note not dumb, very true.
Dumb David Stockman Thing Two: We should return to the gold standard -Note, not dumb. End the Fed!
Dumb David Stockman Thing Three: Letting all the banks fail in 2008 would have been no big deal -Note, not dumb. The bank failures would have hurt the banksters and no one else.
Dumb David Stockman Thing Four: Federal debt will explode in the next decade-Note: Not dumb. It will
Sunday, April 7, 2013
Four Important Takeaways from David Stockman's Book
Via HuffPo, which lists them as the four dumbest things in the book, but that only shows you how dumb HuffPo is. Here's the list
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Federal Debt will not explode over the next ten years. The world does not have ten year left.
ReplyDeletePeak Prosperity was achieved on April 2, 2013, when Peak Credit came in with Creditors, AXP, V, MA, DFS, topping out in value, and High Yield Corporate Debt, HYG, and Junk Bonds, JNK, and with US Large Cap Stocks, SPY, as well US Stocks, VTI, topping out in value. With Money, that is Wealth, VT, and Major World Currencies, DBV, having peaked, an investment demand for Gold, GLD, will commence when investors fear that Government Debt, TLT, EDZ, and ZROZ, is unsustainable and that Capital Controls are coming.