The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
DOWNLOAD SAUDIS GIVE BIDEN THE FINGER: END OF DOLLAR NOW!
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SBTV spoke with David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan, about how the Federal Reserve’s policies are sending the economy into a prosperity-extinguishing crisis.
David Stockman is also the author of several books including his latest book ‘Peak Trump: The Undrainable Swamp and the Fantasy of MAGA’.
Discussed in this interview: 04:18 Real negative fed funds rate reflated Wall Street 08:18 Central banks controlled by unelected posse have run amok 11:44 About time we end the Fed? 20:07 Do deficits matter to the United States? 23:01 No empirical evidence to support Fed’s 2% inflation target 26:51 How Greenspan started the Federal Reserve on the path to wealth destruction 33:31 When Nixon closed the gold window in 1971 37:23 How David Stockman would approach the fixing of the US economy
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