Monday, September 10, 2012

Former budget director says Ron Paul is only man who is right about the Fed

On Sept. 10, former Reagan budget director David Stockman appeared on CNBC to talk about the economy, and the Federal Reserve.  During his nine minute interview, Stockman slammed the Republican party quite often on their fiscal policies and reiterated that Ron Paul is the only man who is right about the Federal Reserve, and its affect on the failing economy.

"Ron Paul is the only one who is right about the Fed, and the Fed is the heart of the problem. They have destroyed the capital markets and the money markets; interest rates mean nothing; everything is trading off the Fed and Wall Street isn't even home - as it's now a bunch of computers trading word-clouds emitted by this central banker and that" - Zerohedge transcript of interview

The 2012 primaries and coming election will be the result of an America that does not truly want monetary change, but simply, the ability to keep the status quo of the welfare state while not having to deal with the repurcussions of a $16 trillion debt.


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