Home > From the Ether . . ., Uncategorized, VIDEO > Video – David Stockman Interview – July 2012

Video – David Stockman Interview – July 2012

David Stockman is the former Budget Office Director under Ronald Reagan. 

This interview seemed particularly candid – although I question everything, particularly the motivation for someone like this to go on record.  Perhaps, one let’s his guard down a bit as one grows older.  Question everything.

David Stockman Interview (30 min)

What strikes me about this interview is the predictive value it provides for assessment of what will happen in our country or in the northern hemispher in general:

  • 4:45 mark – Austerity is not voluntary, it is a result of bankruptcy.
  • 8:55 mark – The great “Reset” or “Unwind” will occur from a loss of confidence in the US Treasury market – which is the “heartland” of the entire  global financial complex.
  • 14:00 mark – Our economy is run by a defacto politburo of 12 guys on the FOMC.
  • 19:09 mark – WWI was funded by the Fed which led to govt. defecit spending and the consequent roaring 20s – followed by the crash.
  • Interesting to note it took 13 weeks to triple the US debt

Conclusion:

  • The only way to conform America and it’s gun-toting populace is to bankrupt it.  Austerity is coming.
  • There is absolutely a central conspiracy – what he does not allude to is that the 12 FOMC members work for the private un-disclosed share holders of the Federal Reserve.  (more on that in separate post)
  • War is the next crisis upon which resultant money printing will occur – this is the cover needed to implement this step.  Martial law, capital controls and mass inflation is coming – maybe by 2014.
  • You do not reach positions of political or banking power in the Anglosphere without being an insider – this puts Bernanke and Stockman in the same category.

I think the US will see a bit of a reprieve for the next 1 – 2 years before the great “Reset” – possibly longer.  You can’t turn an oil tanker on a dime, it takes time.  You may even see artificially induced optimism – all of which reinforces normalcy bias, delays action and lures more into becoming debt slaves.  Get out of debt.

Next year (12/23/2013) is the 100 year anniversary of the Federal Reserve Act which established the communist central banking institution which was the instrument used to transform our country.  Bernanke’s term ends January 31, 2014.  That’s 39 days in between those events or 3 x 13 which is highly symbolic.  There is reportedly an astrological “Cardinal Grand Cross” involving mars from 12/23/13 – 1/1/14 which is highly symbolic.  Expect big things around that time and following soon after.

 

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  1. some dude in batesville
    July 26, 2012 at 5:37 am

    So if massive inflation is coming (which I agree is very likely, the feds wants to make it happen) what’s so bad about being in debt? If I have a 500k mortgage, 50% inflation turns that in to 250K, right?

    • September 9, 2012 at 8:34 pm

      Some Dude –

      Your argument depends on a commensurate rise in your income in order to maintain your current standard of living. If your income remains stagnant or slowly deteriorates, you will be left with less discretionary income (not counting new expenses such as increased taxation or increased penalties for late payments).

      As the price of gas, food, healthcare, (etc) continues to rise, you will have to pony-up in addition to paying your usual mortgage, credit cards (etc). In other words, there is price increase in necessities IN ADDITION to debt payments which by their very nature will always be paid FIRST.

      Short-term, we are both deflationary (in things like housing, real estate, non-essentials) and inflationary (essentials, food, commodities). We will continue to be inflationary so long as the central banks increase the currency by printing unabated.

      Personally, I don’t believe the banks/govt. will allow themselves to be repaid in worthless dollars, so I see a default and a new currency on the horizon rather than hyperinflation. A new dollar at 10% valuation to our current dollar will address the international debt obligations while at the same time pillaging 90% from the middle class. This is why you should hold some precious metals as they will preserve purchasing power.

      But you cannot build wealth by being in debt, no matter what level you’re at (even Donald Trump has declared bankruptcy). You must be on solid ground not in a hole, your assets must exceed your liabilities. If everything is borrowed, you effectively own nothing. The bank owns your house until the last mortgage payment is made – it’s a crappy deal.

      The debt game is a winner take all trap where the house always wins – the only way to avert it is either for the casino to go under or for you to exit with most of your goods still in tact.

      I can promise you that the casino is not going to go under.

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