“It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control”

“It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control” (ZeroHedge, May 24, 2015):

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.”

1 thought on ““It’s A Coup D’Etat,” David Stockman Warns “Central Banks Are Out Of Control”

  1. That the greedy gut bankers have taken over was obvious after the final crash of 2008…..The US government did nothing to clean up their fraud, just allowed it to continue with huge taxpayer bailouts…..that the taxpayer did not want to pay.
    QE ad infinitum…….90% of US national debt is underwritten by the taxpayer to greedy gut bankers….Only 10% of our debt is held by foreign nations……We are the unwilling debt holders.
    This isn’t new, we knew this back in 2008……..

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