(#401) The $20 Trillion Elephant in the Room

As posted to the David Stockman YouTube Channel on 9/15/18

(David Stockman starts at time marker 0:47)

David Stockman is interviewed at the 2018 Sprott Natural Resource Symposium to discuss the great $20 Trillion elephant in the room which he explains is the Balance Sheets of all of the Central Banks of the world “in excess of what it probably should be in a rational, stable, historically prudent world”.

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 How to Bring it Back”. His current content can be found at davidstockmanscontracorner.com,

About the Author: Roger Rossmeisl, CPA

Roger Rossmeisl, CPA, brings over 40 years of experience helping small business owners who have outgrown their current CPA firm and larger companies seeking responsive, cost-effective solutions they’re not receiving from their current CPA Firm. He goes beyond tax compliance, explaining the “why” behind the numbers and their impact on cash flow and other decision making. An avid follower of federal monetary policy, Roger adds insight into how government actions affect business and wealth. With a niche in franchised new vehicle dealerships, he has served over 100 franchise stores and groups through decades of evolving IRS rules and legislation.

Categories: General