How Crony Capitalism (Or The 'Undiluted Lunacy' Of The Fed) Corrupts The Free Marketsby Tyler Durden
Sep. 28, 2012
1."That's Not True" BBC Host Hangs Up On Guest for Citing Rotherham Muslim Rape Scandal
2.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
3.VIDEO: Telemundo Busted Staging Shot at Anti-Trump Protest
4.UK Home Secretary Theresa May Hails "Benefits" of Sharia Law
5.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
6.The Huffington Post Is What Happens When There's No Men In The Room
7.Anti-Trump Protesters Win Hearts and Minds by Threatening to Murder Trump
8.Is This The Most Fail Interview Of All Time?
"This is the final abomination" is how David Stockman begins his epic rant on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death" by saying "this has gone too far, it's street-fighting time" as he decides, instead of the erudite philosophical view of how capitalism is being destroyed by statist philosophies of one type or another, to launch into a full-strength tirade about The Fed. For starters, "The Fed is being run by the single most-dangerous man ever to hold high office in the history of the United States, "as he opines that Bernanke is more dangerous than Geithner, Greenspan, Summers, Hank Paulson all put together. Must watch...
"Bernanke is so bad that we should wish to return to the age of Marriner Eccles in 1935 - a fiscal Keynesian who believed that money-printing would fuel speculation and inflation; if the government were going to rob the people, it should do it the honest way - through taxes"