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David Stockman - Buy ANYTHING Ben Bernanke Can't Destroy

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posted on Nov, 28 2010 @ 09:42 AM
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David Stockman was economic advisor under President Reagan.

On Fareed Zakaria GPS this morning on CNN, Stockman said "people need to buy ANYTHING that Ben Bernanke cannot destroy. I would highly recommend buying Gold, bottled water, and canned goods".

He also said that ending the Bush tax cuts for the rich is "madness in the current economy" and that the Fed is under attack from all corners of the globe. One of his last points is that the Fed is printing "about $100 billion a month" in order for the Government just to pay their own bills, and it's getting to the point where this is unsustainable without massive inflation.

Before all you right wingers start bleating, remember, this guy was economic advisor to President REAGAN.




posted on Nov, 28 2010 @ 09:47 AM
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Isn't this the same guy that bought Textron Automotive, renamed it Collins and aikman and then bankrupted that company. Thousands lost their jobs and then he was going to go to prison for money laundering? That pos stockman?



posted on Nov, 28 2010 @ 07:49 PM
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Originally posted by babybunnies
David Stockman was economic advisor under President Reagan.

On Fareed Zakaria GPS this morning on CNN, Stockman said "people need to buy ANYTHING that Ben Bernanke cannot destroy. I would highly recommend buying Gold, bottled water, and canned goods".

He also said that ending the Bush tax cuts for the rich is "madness in the current economy" and that the Fed is under attack from all corners of the globe. One of his last points is that the Fed is printing "about $100 billion a month" in order for the Government just to pay their own bills, and it's getting to the point where this is unsustainable without massive inflation.

Before all you right wingers start bleating, remember, this guy was economic advisor to President REAGAN.


I'm still gonna"bleat": I agree wholeheartedly. beans,bandages barterables and bullets; anybody wanna buy a fender MIM strat and a blues junior, or an ibanez AS73artcore.?? I could use some more-useful stuff...
edit on 28-11-2010 by 46ACE because: (no reason given)



posted on Nov, 28 2010 @ 10:07 PM
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reply to post by ArcAngel
 


One can still be an intelligent Economist, but terrible Businessman.



posted on Nov, 28 2010 @ 11:03 PM
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What do you think the tea party protests were about?

This.



posted on Nov, 28 2010 @ 11:26 PM
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reply to post by babybunnies
 


I am surprised David is saying this. He's no kook. Buy gold and bottled water!!!!! Only problem is the government has confiscated people's gold before.



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