David Stockman: This Is a Giant Ponzi Scheme, It’s Just Debt on Top of More Debt

Argentina’s inflation might already have surpassed 100%

“Two days ago, former White House Budget Director in the Reagan Administration, David Stockman, dropped some financial bombs in an interview on FOX. He said the Social Security Trust Fund was ‘filled with confetti.’  Stockman said if the Fed was ‘gone fishing’ for six weeks (meaning it would stop the $85 billion a month ‘open-ended’ money printing), ‘there would be calamity in the markets.’ It seems everybody on both sides of the aisle hates his new book called ‘The Great Deformation.’ That tells me he’s doing something right.”

http://lewrockwell.com/hunter-greg/hunter-greg20.1.html

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