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WealthCycles: Former Reagan Budget Director Says Fed Bubble Machine Destroys Savings

Friday, April 19, 2013 19:43
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

David Stockman, former congressman and White House budget director under Ronald Reagan, fired shots across the Federal Reserve’s bow recently with articles and interviews promoting his new book, The Great Deformation: The Corruption of Capitalism in America. Stockton spares no punches in his critique of a reckless Federal Reserve running roughshod over the U. S. economy, describing the U.S.-authorized central bank as little more than a bubble-generating machine.

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Federal Reserve Inflates Bank Profits at Expense of Savers, Retirees, Says Former Reagan Budget Director David Stockman Book

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