Saturday, April 13, 2013

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

Here's a great short clip of David Stockman, who was the  Director of the United States Office of Management and Budget (1981–1985) under President Reagan.   Start paying attention at the 1:55 mark - he starts to point out all of the things that everyone else is missing or choosing to ignore.

If you want some more background, here's another video of Stockman that goes into more depth.  It is all financial, which I feel can be a little dry but once you start to understand how the system actually works, it makes sense and becomes less dry and somewhat entertaining... 

David Stockman: We've Been Lied To, Robbed, And Mislead

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