TaxPlanet Magazine | Tax, Money, Business and Economy

BLOG COMMENTS POWERED BY DISQUS
You are here: Politics Miscellaneous David Stockman | Central Banks are out of Control

David Stockman | Central Banks are out of Control

E-mail Print

It's a coup d’etat, David Stockman warns, Central Banks are out of control. We're all about to be taken to the woodshed, warns David Stockman in this excellent interview.

The huge wealth disparity is not because of some flaw in capitalism, or Reagan tax cuts, or even the greed of Wall Street, the problem is central banks that are out of control. Simply put, they have syphoned financial resources into pure gambling and the people that own the stocks and bonds get the huge financial windfall.

The 10% at the top own 85% of the financial assets, and thus, thanks to the unleashing of almost limitless money-printing, which has created a massive worldwide financial inflation, the central banks have created and exaggerated the wealth gap.

Stockman concludes, rather ominously, it's a coup d'etat, the central banks have taken over - unconstitutional domination of the entire economy.

Read the full story at ZeroHedge ...

Tax & Legal

Business & Economy

Advertisement

No images

Money & Investing

Other Topics

BLOG COMMENTS POWERED BY DISQUS