As posted to the David Stockman YouTube Channel on 10/22/18 David Stockman appears on Fox Business Network's "Varney & Co." to discuss the impact of the Federal Reserve's decision to drain $600B out of the bond market and, in turn, the economy.  Stockman explains that the Fed will accomplish this by allowing their balance sheet, which reached $4.5T, to shrink by not reinvesting when Treasury Bonds mature . . . which is the same thing as selling bonds.  Stockman goes on to say that adding $600B of debt to the $1.2T budget deficit that we already have for this year, means that $1.8T of debt is looking for a home in the bond market.  It will find a home, but not at 3.2% yield on the 10...

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!...

Debt Ceiling Holiday Ends 3/15/17 As posted to Greg Hunter's USA Watchdog YouTube Channel on February 25, 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...