David Stockman - Trump to Face Imploding Economy in 2017
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With Trump about to take office we wanted to contact again an expert and author of a book on this very subject. David Stockman goes over Trump's cabinet picks, the state of our current ecnonomy and his fascinating predictions; for instance that the crash will begin in early 2017 right after the new President takes office! TOPICS IN THIS INTERVIEW: 01:00 Trump's Team contacted David Stockman about Book 03:00 Trump unlike any candidate in mordern times 03:45 Stock Market rally last call to slaughter sheep 05:00 Spring & Summer 2017 will be Incredible Crash 06:30 Trump won't solve problems but will bring light 07:50 Trump may prevent next Cold War or World War 3 09:00 Trillions of Waste in Wall Street Financials 12:30 Post-Election Honeymoon bubble will pop 14:20 How Trump can fix the US Economy: FED 16:45 Fix Social Security: Cut those who can afford 18:10 Protecting your individual wealth 4 this crisis 20:00 Gold price will soar as confidence collapses 22:30 Trump's cabinet picks breakdown with David 26:00 Get more from David Stockman, read books: http://DavidStockmansContraCorner.com
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ALL Career ''Politicians'' are GARBAGE!! Nothing Changes except to get WORSE!!
GET SOME CITIZENS to MAKE Decisions FOR Citizens!!! -
'climate change hoax' that's were he lost me
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Stockman's (of course brilliant) Analysis of the economy and what will happen under Trump is well and fine except for one thing. The psychological MO of Trump is that of a megalomaniac. He will not let the economy crash under his watch. You MAY see that nothing will change but a few bones thrown to the working class. The money printing could continue as he discovers there is NO way out other than crash. As far as Stockman's work with Reagan, they ran up the deficit higher than all previous presidents combined. That practice is true with every president and it will probably be true with Trump.
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Solve all problems with the economy:
1. ELiminate the Federal Reserve and get back on the gold standard.
2. Cut the politics out of gas prices so the prices lower to about 1.00 as it legitimately should be since we are the world's number one producing country.
3. Reduce taxes across the board.
In the past our history has proven that when the people have their own money to spend, the entire economy benefits - the problem is that this allows for less control by government authorities., and they know it.
Before some liberal gets upset and flames - JFK's economic plan - a Democrat - said exactly this - and its likely why he was killed.
Reaganomics and JFKs plan were the same - listen to their speeches... yes, I have.
Reagan;s policies made America strong and prosperous - bill clinton rode the wave until his couple years after election (policies need a few years to be felt - and the new era of downsizing and inflation hit. Gas went from 1.45 to 2.00 at least under clinton. -
his last prediction in 2012 was wrong. but here he is selling another book.
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Volker destroyed the 80s, I know because I had just graduated from College. You could not buy work. No companies expanded or hired as they were getting 18% on Savings and said screw it. Also, most running the show (like my Dad) were Korean War generation who believed Brawn not Brains ran the show, had all the spoils of the Greatest Generation (Job Offers/SS/No Debt) and innovation was nonexistent. Volker put the Brakes on and destroyed a lot of young people futures. I made it but I can now see very clearly his flawed and stupid policy/reasoning.
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