Reset Means Crash of Epic Proportions – David Stockman (Revised)

By Greg Hunter’s (Revised) 

Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets . . . . A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated.  There are trillions of dollars that are at risk.  To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets. . . . I have no thought about how big the correction will be, but if it were just back to the norm . . . it would be a $60 trillion correction, and that is a pretty big hole in the bucket.  If $60 trillion disappears (out of the U.S. economy), it changes everything.  It turns the financial system and economic reality upside down.”

How did things get so perilous in the economy?  Stockman says look no further than Washington D.C. and the Fed.  Stockman explains, “When central banks start to inflate like crazy, you first inflate financial assets.  It eventually works its way into goods and services, and that’s where we are now.  You get the second stage of inflation as well.  There has never been a small group of government officials, unelected at that, who have done more damage, more wanton harm to the economy and to the lives of ordinary people than (Fed Head) Powell and his merry band of mad money printers.  This is really an outrage.  I say these people are damn near criminally incompetent given what they say about the world, which is totally wrong, given what they’re doing, this massive money printing, which is totally unjustified. . .”

Stockman thinks there will be a “50% to 75% correction in the financial markets.”  Stockman contends, “The only asset that has held its value over time is gold.”  Stockman recommends everybody should be holding some gold as insurance against the coming “reset.”

In closing, Stockman warns, “Preserve your assets.  This is the last moment in time to be greedy or aggressive or to be overly optimistic about the future.  The future is being driven by the policy makers . . . . The whole system is being run by Washington.  The Federal Reserve totally dominates the financial markets. . . . The Fed has printed $6.5 billion a day for the past 688 days. . . . They have printed more money in the last 688 days than the Fed did in the first century of its existence.”

Join Greg Hunter as he goes One-on-One with best-selling author and financial expert David Stockman 7.21.21.  (There is much more in the 45 minute interview.)

(To Donate to Click Here)

After the Interview:

You can get a daily dose of Mr. Stockman on, but you will need to click here to subscribe.

This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

Please Support Our Direct Sponsors Below
Who Support The Truth Tellers

Discount Gold and Silver Trading Free Report

Satellite Phone Store

Dry Element

Ready Made Resources

Weston Scientific
Stay Connected
  1. Photios

    No…they’re are not stupid…they are brilliant…the people are stupid
    That’s their success……with all this information what are the people doing?

    • Dave

      Youre talking a bunch of evil. These evil ones are stupid. They are flooding the country with migrants and speaking the dialog of “labour” shortage. That dialog is a final sentence. Smart nails. Where are you going to hide? No where. Smart. You have no where to hide. Criminals want to make money but they dont want to pay. I think there is going to be a lot less evil smart people. You are the evil. What we’ re doing about it is done. Go speak some dogmas. No hidimg places. Spots on the leopard

    • Dave

      Evil is smart to guys like you. They claim to understand economics but do not understand that labour has to be paid a market wage. You are murderous fools. The country is being flooded with criminals and the criminals want to make money corruptly. Smarties will get what’s coming. Race to the bottom? No. You smarties are going to be tried and the wage will be good

      • Bill

        Remember when Sandy Berger, (National Security Adviser to Bill Clinton) went to the National Archives Building in Washington D.C? Although Sandy was with Bill Clinton that day, Sandy was still arrested for stealing back parts of a Bill Clinton old speech, which Bill Clinton was embarrassed about. So, Sandy was arrested for shoving into his pants, several pages of Bill Clinton’s old speech. Does anyone remember that shenanigan by Bill Clinton and his National Security Advisor Sandy Berger?


      Glass – Stegal was repealed. This has been a disaster… D.C. is a morass of corrupt bureaucrats who have usurped American Law with Administrative Law. Both political parties are corrupt and filled with “establishment types” who will not Act to do what is necessary, coupled with ignorant apathetic citizens… What do we expect. The Bolchevicks have taken over… they never give up power.

      • Bill

        When the Republicans gain back the Power back, next Fall, they must make Congressmen and women, Fiduciaries of the American People. Each Bill that is submitted by a Congressman Must be proven to be a Benefit to the American People, otherwise the Bill won’t be approved from the Git-Go! That’s my Proposal!

    • BDS

      So True!

  2. Rodster

    Great interview and as David Stockman said that every major economy in the world is following the US in debt creation and financial “hocus pocus” and that includes China. David is one of the few experts who says China is up sh*ts creek without a paddle. Jim Rickards is now coming around and beginning to agree with Stockman regarding China.

    When this game of “three card monty” finally blows and collapses there will be no escape for any economy on the planet.

    • Rodster

      And good luck trying to put Humpty Dumpty back together again because as Chris Martenson says, cheap affordable energy is on the decline.

    • Neville

      AAcrime is in more S#1T than I care to mention and to worry about China in
      particular is counter-productive .It will in the end get you nowhere !!!
      So,as the Scots of old would have told you……
      “Save your own breath to cool your own porridge”

      • Rodster

        What the hell are you talking about? Simple english man if you want to make your point.

    • Bill

      Bill Gertz at the Washington Times agrees with you. He thinks the Chinese Communist Party is getting to collapse. There is a video of Gertz voicing his opinion.

      • eddiemd

        They will take everybody to war.

        That is the plan.

        New world order out of chaos. The man of peace will make his appearance. One world economic system. One world religion.

        Bible prophecy. Never fails. We have a front seat for now.

  3. tim mcgraw

    “The Great Deformation” is a great book. I made it to page 646. It was like going into the Abyss. I finally couldn’t go any further. But it is a very good read.
    If you really want to enter Mordor and see Sauron’s Great Eye… read “The Great Deformation.”

    • Bill

      Wow! 646 pages. How many pages was the whole book?

  4. Mike R

    Stockman is a breathe of fresh air. Its so sickening to hear all the non sense from the talking heads at media outlets like CNBC, CBSMarketwatch, and the politicians in DC, or the many financial websites that lure people into the largest financial bubble in the history of mankind. Powell is a useless idiot. Nothing more.

    • DR

      No Mike, Jerome Powell is a wicked evildoer, as are all of the globalist central bankers. And I know he’s going to hell when he dies.

      • tim mcgraw

        I agree, DR. These are not “useless idiots” these bankers of doom. They are truly evil. All of them! From 1913 onwards when the Federal Reserve Bank was created as the scam it is; all of the members of this evil banking cartel are the spawn of satan. They steal from us and watch us die while the banksters dine on lobster in the Hamptons.

    • Marie+Joy

      Mike, You’re missing the point. Powell and his peers want us dead and will stop at nothing to make that happen.

      • Bill

        Wow! 646 pages. How many pages was the whole book?

      • Bill

        Yes, I can beleive that. Elites have a rule, they must always tell you what they are going to do to you ahead of time.

        For example, they carved into the “Georgia Guide Stones” that they only want 500 Million people on earth when they finally come to Rule. So, they are letting us know they are going to eliminate 6.5 Billion people on Earth, because they can only comfortably rule over 500 Million People at one time!

  5. southernpatriot

    Hell Greg.
    If I’m over extended at my bank, there’s a penalty! If I miss a house payment, there’s penalties that I have to pay and if not the bank takes my house back or my car! If, I don’t pay my power bill or water bill, they turn it off, for non-payment! It appears that there are “No” penalties to those in power!
    Our government leaders have been out of control for a long time. Remember it’s our money they are spending! We need to take the credit cards away from Congress . Return to a reasonable budget every year, have line item veto’s, and pay cash as we move forward. We also need term limits on office holders! After all , your suppose to be there to MAGA!
    It took me 66 years to get into debt and 66 to finally get out. Went to the mailbox today and there was another credit card company wanting to help me get back into debt. There only wanting to charge me 29% interest! That was very nice of them! I would have preferred a free toaster or coffee pot.
    I wonder what interest China’s charging America, when we borrow from them? What part of the country or what American land mark do we have to forfeit & hand over for our penalty for defaulting on our loans? Great interview with Stockman, Greg. Keep up the good work! SP

  6. Poochiman

    Is there anything else to add? David summarizes the economic situation very well.

  7. Dave

    You have corruption in every pocket and and everyone feel good about it. Its called reaping the whirl wind. Doctors teachers lawyers reporters… Completely entirely evil. And subsidized criminal migrants to help the blue bloods. Lol.

  8. Jim Ledyard

    Thanks Greg. Here’s a like 👍 We’re just 53 days away from the 20th anniversary of 9-11.

  9. Jerry5

    These are the real financial policy makers. Not the Fed.

    Come the middle of august you’d better be paying attention because the final phase of operation lockstep will commence. I love David Stockman, but until you realize that the pandemic is part of the global
    transition to not only a NWO, but a new financial system as well.

    Nothing….and I mean nothing…..about our current economic system
    makes any sense. Money is printed and handed out like candy. The markets are rigged keep gold and silver prices surpressed. Imaginary money is created out of thin air using cryptocurrency. Banks are propped up using reverse repos. Helicopter money is handed out to a populace that does absolutely nothing. Fast food employees now make more money than teachers. Etc. …etc…etc.. Do you hear that sucking sound? It’s inflation getting ready to suck the living life out of food, fuel, and eventually your wallet. By the time Christmas arrives, the people in this country will not only be experiencing a reset, they will be begging for it. Except those that took the jab. They may not be around to see it. Keep praying for deliverance.

    • Jerry5

      heres what I mean.

      I find this article a bit humorous, because food inflation is already here in the form of smaller portions and higher prices. My favorite candy ( Reece’s peanut butter cups ) used be the size of half dollars. Now they’re the size of quarters, and cost more. Packaging is deceiving as well, Big bags filled with air and quarter portions. Most of its crap? We’re all worthless eaters anyway….so it doesn’t matter to them. They’ll eventually make us eat bugs for protein. I’m not sure that Taco Bell isn’t doing that already, since they’re having trouble getting meat? Grasshoppers anyone?

      • Randy Hitt

        John the Baptist lived off of locusts and wild honey…

  10. Paul ...

    Wow!! … “From the Repo crisis in September 2019 to today (688 days) … the Fed has printed more money than it did from December 1913 to December 2013 (the first 100 years of its existence)” … and Stan tells us “to sell our gold”? (to get into the Fed’s ever more worth less dollars??) … think of it … the Fed has created as much money in just the last two(2) years that it took them 100 years to print the money to pay for WWI, the Great Depression, WWII, the Korean War, the Vietnam War, the Cold War, the Iraq War, the Syrian War and the Afghanistan War … and the price of Gold “is doing nothing”??? … I think “this is all the proof we need” to know that the Gold in Fort Knox is being sold off … we can now be certain the “never audited” 8,100 tons is being sold off (to keep the price of Gold from rising when the Fed created 100 years of money in only 688 days) … so all the calculations of Jim Sinclair (as to Gold being worth $50,000 dollars per ounce) are obviously “way to low” … it stands to reason that the US “must be selling off our Fort Knox Gold” (to keep the price of Gold from going up in the unbelievable expansion of the money supply over the last 688 days) … it is printing ever more dollars to keep the bubbles from popping … the Gold being sold to keep its price from exploding upward can’t be coming from Canada or England (as they both dumped their Gold years ago to keep the price of Gold down) … if we graciously assume “that only half of our Fort Knox Gold has been sold so far” … Gold should be re-set to at least $100,000 dollars per ounce … but the Fed needs to keep printing fiat dollars out of thin air (to fund the Repo market, fund the infrastructure projects Bribe’n has planned, fund the welfare money for the illegal aliens, fund the bail out of the Blue States budgets, fund the bail out of Pension Funds and fund the monthly Universal Income grants to every American along with providing the Military and the Drug Companies with all the money they need) … so our the Fort Knox Gold will need to continue to be sold off (to keep the price of Gold from going through the roof during such an exponential inflationary printing of fiat dollars to fund everything) … if our Fort Knox Gold has been reduced to just 1/8th of what is claimed … Jim Sinclair’s calculations will show the price of Gold must be re-set to at least $400,000 dollars per ounce … but if our Fort Knox Gold was reduced to just 500 tons (to keep the price of Gold from rising above $1800) … Gold will become “so unbelievably valuable” it will likely be worth more then One Million Dollars per ounce (on any re-set) … so … anyone who wants to become a Millionaire (or wants to leave a Million Dollars to your Children if the re-set is held off for a few more years) … they should immediately scrounge up $1800 dollars and buy an ounce!! … as for Silver (that is being dug out of the ground at a rate of 8 ounces for every one ounce of Gold) … and with Gold at a Million Dollars per ounce … we can expect to see Silver selling for about $125,000 dollars per ounce … this means only 8 ounces of silver will make you a Millionaire … and it will cost you less then the $1800 you would need to put into Gold … choosing to own Silver … it will only cost you (8 x $30) $240 dollars to become a Millionaire!!
    [Note: The above assumptions are based upon the implied logic that the Gold price can only have been held down from rising (over the last 688 days of explosive money printing) by the selling of Gold from Fort Knox … which is all the proof necessary (without an audit) to know with almost 100% certainty that all the Fort Knox Gold claimed to be in those vaults … “is not there”!!]

  11. Roger Stamper

    tks for post

  12. regaleagle

    There is just nothing left of a supporting base to pay for the enormous costs incurred of running our nation……esp. since the US Fed. Government has expanded and grown to be such a humongous size in today’s world…….everything is government or attached to the government with an ever-decreasing private sector. Those few very small percentage in position to reap the benefits of today’s current system cannot possibly and DO NOT pay their FAIR SHARE of the taxes to sustain our economic system……and the broad base from which taxes to support the economy is supposed to be generated no longer exists. So you have the very wealthy paying little or no taxes and John Q Businessman/Public not generating enough to pay into a system to sustain it for everybody’s future. Government has taken over and broke the system…’s a dead cat and starting to stink to high heaven.

  13. Neville

    Great show Greg,
    I have one reservation about the Great Reset and that is the cabal who have orchestrated the demise of Capitalism are feverishly busy destroying currrencies,rigging stock markets,shorting commodities,creating injections which are masquerading as vaccines for the Lab Rats or those that subject themselves to this abomination which the evil fauci and his cronies playing with black magic and calling its science…….those idiots will die guessing at what that entails !!!
    I believe in the OUR FATHER which states quite clearly
    Listen to Mario Lanza singing this Poweful Prayer here >>>>>
    Where his version of the above goes like this
    That all said the scum of the earth BROKE the system and they think that they are capable of fixing it WELL THEY BLOODY WELL CAN’T.
    When our LORD JESUS CHRIST RETURNS ,one of these soon days HE AND ONLY HE
    WILL BE ABLE TO RESET THE DIRTY MESS …..that mankind created…..just look around you and see what else our ruddy fellow travellers have done to the PLANET we live on besides the scamdemic……One hellava mess I’d say !!!

    When you have nothing left to lose,you lose it ………quoting Geral Celente well
    AAcrime reached that position 50 years ago and now we are seeing the rollout

    Peace on Earth to all people of Goodwill

    • susan

      Thank you Neville for the Mario Lanza prayer. Considering everything I read or listened to for months cannot compare. Put me on my knees. I will be listening to this daily and sharing.

  14. andyb

    Stockman’s main thesis seems to be that nothing makes sense any more regarding the global financial chaos whether the overvalued market, the bubble in all asset classes, or the increase in global debt. But there are a lot of other nonsensical happenings. For example, it is known that Blackrock and others are buying up homes and condos throughout the US presumably to control the housing market and make this country a nation of renters. But if you believe as I do, that the jab is a bio weapon and that 2/3 of the population will be dead or severly disabled within 5 years then there will be a massive amount of empty dwellings throughout the US especially in the cities. Forgetting the obvious that the market and prices for housing will crash big time, what will be the ability of the survivors to have the necessary monies to rent anything?
    How will municipalities survive with greatly dininished property tax revenue? Token police and fire departments?

    As the bodies pile up from the jab, I see martial law with UN blue helmets patrolling neighborhoods and confiscating weapons. Don’t be surprised if the Blue Helmets are CCP troops.

    • Greg

      Thinking the same way! Going to be rough!

  15. Nancy McDaniel

    It’s called Cloward Priven strategy to bankrupt the country ON PURPOSE.

    • JungianINTP


      Yes ! :

      — C L O W A R D and P I V E N —

      Which Mind-Set Drives U.S.
      Agencies and, thusly, America’s
      steep moral/social/cultural/
      financial declines? It is a
      Marxist / Socialist / Feminist
      Mind-Set :

      “Cloward-Piven is a political strategy of calculated chaos first described in 1966, by two Columbia University sociologists, Richard Cloward and Frances Fox Piven. Their theory was published appropriately in the far left The Nation, the oldest continuously published news magazine in the country. Cloward-Piven’s goal was the creation of chaos so that: ‘A political crisis would result that could lead to legislation for a guaranteed annual income and thus an end to poverty.’” :


    • Bill

      Yes, pure and simple! They want to be in Charge!

  16. TJZ


    Leading a discussion on the mechanics/importance/intricacies of planned Chaos, as if that is the essence of worldly knowledge/salvation, is immensely and purposely misleading.
    Misleading the general population is the whole point! Total Entrapment is the point!
    We are not meant to escape, the coming tribulation, by those who have planned it. God bless.

  17. Sue Patterson

    Yes; smart man, explains well.
    HOWEVER: He is so off base in saying, “Biden was ‘elected’ by a populist movement. I could hear the remnants of Trump Derangement Syndrome in his related comments… sad.
    ALSO: He must be out of touch with some important aspects to believe that shortages in some areas will only be short-term. One must be missing something to not see long-term problems with food and goods production.

  18. Da Yooper

    “Adults in Washington”……… ROTFLMAO

    ” the Fed is lying ” ………When has the Fed ever told the truth?

  19. Rich from M

    Mr. Stockman said ” if you kept your wealth in govt securities you wouldn’t lose your principal”, but that principal could have far less value, an oversight I guess, or maybe far more valuable than the nothing you might have if your savings were in dissolved banks?.

  20. Mark Alan

    What “they” are thinking is let the people have a good year before they are all executed using 5G technology. There is a new video out of an installer showing the boards they are installing on the cell towers.
    …”they” are giving they condemned a good meal before execution because they are kind and thoughtful generous rulers.
    I am constantly amazed at how accurate the Bible is.

  21. Jim Hodges

    David speaks of the central banksters as if they are human beings and not demonic entities or minions whose primary goal is to enslave or kill us while stealing every last cent of our wealth.

    They are the enemy and must be eradicated from the face of the earth. Period. In the meantime, do whatever you have to do to get your money out of their filthy grubby claws and transact with fellow humans for goods whenever and wherever possible.

  22. Justn Observer

    Greg, Follow the money?


    YouTube’s parent company, Google, is directly invested in the AstraZeneca/Oxford COVID “vaccine.” This is why YouTube censors anything that threatens the rollout and future profits of COVID-19 gene modification therapies

    · Silicon Valley has been pushing to transform the health care system into a system based on telemedicine and personalized care through the use of artificial intelligence (AI). Google is heavily involved in this movement

    · Google is also partnered directly with the U.S. military, which is increasingly working on a transhumanist agenda

    · DARPA is heavily invested in transhumanist technologies for the use in soldiers, including brain-machine interfaces and other even more extreme ideas. They recently teamed up with the Wellcome Trust to create something called “Wellcome Leap,” a movement to usher in transhumanism

    · Normally, there are very strict rules and regulations surrounding the testing and use of gene modification technology in humans. It’s only because they’re calling the COVID shots “vaccines” that they were able to get the EUA, which allows some standard safety regulations to be bypassed

  23. eddiemd

    Gold was the element chosen by the Most High God to be used to build the Ark of the Covenant. The mana inside the Ark was placed inside a golden bowl.

    In the latter days people will throw their gold and silver into the streets.

    No mention of the forthcoming digital currency.

  24. Rod M. Brumley, Sr.

    Greg you are 100% Correct – there is no Fix!!! It cannot resolve itself – the Nightmare of Epic proportions is already happening and the Sheep are Clueless. The Key is have Food – Water – Guns & Ammo – Silver for Barter – Gold to protect your Wealth – Personally I’m buying Platinum I now think it is extremely undervalued!!! Paper Dollars are exactly the same as BitCoin – Ponzi Schemes. Nightmare or Epic proportions is Upon Us – thought it was worth Repeating. Greg Hunter is our Ultimate Patriot 🇺🇸🇺🇸🇺🇸

  25. James

    David says all central banks are playing the same game, but like all western financial commentators, they ignore one of the largest economies in the world that isn’t playing the debt game, Russia. Russia has real rates of interest (positive rates), miniscule debt, almost a $trillion worth of assets in their reserve funds (international and sovereign), huge gold reserves and a growing economy. Why does everyone ignore these facts?

  26. Marie+Joy

    Pinball Prepping, on YouTube, reports 32,000 websites down in a worldwide hack. 7/22/21. Get ready.

  27. Donnie W. Clyma

    Greg, this year is a Shemitah Jewess year, meaning this year sometime will see the collapse of markets and the reset begin. Who knows what will happen after that? Many emerging markets are seeing currency crisis, not just Venezuela. Now Turkey, Lebanon, South Africa, as well as a host of others like Argentina. Ounce the collapse of markets begin, currency creation on steroids will begin until the dollar collapses. Already Yellon is openly telling BIS and central banks to fast track a Fed-coin. They’ve become amazingly brazen, as if the world has no other choice, and though I’ve written to Jim Inhofe several times about replacing the Fed, and seizing all their assets on behalf of the American people, he acts as if he’s afraid to speak of the Fed on record. Truth iis the politician would starve the masses before they vote to shut down those their in bed with. I’m tired of talking. Our government will act as servants to the Fed., and show their true colors. God Bless

  28. Paula Davis

    Stew (Brighteon) July 19, 2021 interviews Dr. David Martin which connects the dots to the crimes against humanity. He names the responsible individuals in this interview. Good people of this planet must act STAT!

  29. Andy U

    Stockman is always a great interview though I believe he is dead wrong on not stocking up. Inflation is going to get much worse as will society break down. Having a stockpile means u won’t need to shop at stores when it becomes dangerous to do so and those days are not far off.

  30. SkeptiSchism

    I guess Mr. Stockman doesn’t like silver, or he doesn’t want to talk about it. Maybe because it’s the common man’s money unlike gold the money of kings eh?

    I guess we gentlemen who buy and save in silver just aren’t good enough.

    • Greg Hunter

      Not what he said “Skeptic”. If someone tells you to buy gold, he’s also saying to buy silver too. Not sure really rich people buy physical silver, but they should. Be confident that if you have silver you have very good insurance and a good investment to boot.

  31. Linda Bryant

    I think David Stockman is right in theory, but his investment advice has not worked out (for me at least) over the past several years because the market has remained high. David is rightfully pessimistic, but some force unrelated to fair markets continues to preserve the illusion.

    • Greg Hunter

      I keep hearing that Forrest Gump line in my head: “Then one day it was over, just like that.”

  32. James Foster

    Greg, David needs to wake up. The election was stolen and the people in the government aren’t stupid. This whole thing is designed.

    • Greg Hunter

      Yes I pointed that out to Mr. Stockman and he agreed.

  33. Fredrick (Rick) Getzschman

    Great report again.

  34. Ryan Carter

    Thanks Greg for all you do and will do – your friend in Carlsbad CA, Ryan – great job, keep going.

    • Greg Hunter

      Thanks Ryan!

  35. Antoinette Cerone-Dawson

    That’s the problem with these analysts who don’t do their own shopping. Toilet paper NEVER went down in price. Stock up if you’re not Stockton.

  36. Curtis Carr

    David Stockman know a lot about finance but very little about crypto currency. Stick to what you know. Don’t voice opinions without doing your research.

  37. Bill the Cat Guy

    I saw your article on so I posted this:

    I’ve listened to for years. Greg Hunter has become rude to some people who disagree with him. He no longer posts my comments no matter what I say. But he posts the idiotic comments of someone named “Stan”. I wonder how many people he’s done this to.

    You should be embarrassed at how you treat people.

    • Greg Hunter

      You only prove once a jerk, always a jerk. You are the one who should be embarrassed. Have some guts and post with a verifiable name. This is why I no longer post your comments on my free site, and You’re welcome.

  38. Pablo

    Just keep this in mind. Please. The National debt went up and up, year after year. Regardless of which Party has a majority in Congress or which Party is in the White House. What is important to note is, Why does this happen? The Debt explodes year after year because we don’t have 2 Parties. The USA has only ONE Party. A 2 headed monster it is called. Imho this is the #1 problem facing this Country, the USA. Other Countries have multiple Parties. Only the USA has ONE Party masquerading as one. Just like in a Banana Republic.

  39. Lord Nasdaq

    Great show brother, Greg. David Stockman is an economist I have always followed. The Great Deformation is a must have for any future investor such as Reminiscences of a Stock Operator by Jesse Livermore.

    No federal fund rate increase next week and a probable bull month in August due to no moves by Fed. to curb inflation. Only two metrics the FOMC supposedly gauges is inflation and unemployment. Too much welfare since 1965 is part of labor inflation and low unemployment regardless of weekly bullshit posted by Department of Labor. Just look at YUM (Taco Bell, KFC, etc.) giving out signing bonuses. The last time I remember signing bonuses was around 99/2000 for website developers, and we all know how that ended. See the labor shortage or services sector is causing the inflation. But the FOMC doesn’t acknowledge this welfare/labor inflation crises. This is part of the many increases in goods, both discretionary or staples, to continue to rise. Like you mentioned with a can of soup from my holding CPB on Friday, too much money printing and too much welfare. For example look at any push lawn-mower at Lowe’s Inc. or Home Depot (for a good to above average model) and the price is around $500.00 compared to $250.00 less than a decade ago.

    No federal funds rate “as quoted by even a few bond prospectus I read” until 2023.
    It’s all staged now. Fed. fund rate increases always happen after victory of a republican president (and then some!) on an election year and/or perhaps once or twice a year prior like 2023. Like riots, which to the surprise or not of democraps, are no longer during election years.

    Best bet for now in 2021, hold/long securities, buy precious metals, and commodities will reign such as timber and my CTT holding since this year. Water and my AQUA holding last year, or better, land with both commodities for the foreseeable future is the safest bet.

    Bonds suck, especially municipal in years to come. REITs probably safest of all income class assets – cash, dividend stocks, bonds and REITS – to own in an income portfolio. I’d own at least 20% but no more than 25% in REITS or more than or equal to 20% bonds in probably a global bond fund – not Amerikan government bonds! In fact, if I did have bonds as part of my income portfolio asset class, it would be a global bond fund at 10%. But I don’t – bonds suck!
    And as always, keep 40% to 55% in dividend stocks with 5 to 10% cash – I prefer the latter – in your income portfolio. My latest and only first purchase since May on a good dip was WU at a 4% divy yield with an incredibly low Dividend Payout Ratio of around 52%. These are the ones you can sleep on.

    God Bless

  40. Ben

    Hi Greg
    Small Guy here. So the situation is complicated.
    A) If the government spends money for infrastructure or gives free money to the people it issues a paper, a “bond” in US-Terms if I got that right. This bond is being sold to the public. So grandpa or investor buys this paper with his money and the bank makes a cut. Then the government can spend the cash. So, I see no money creation here, the state is in debt more, taxes will probably increase. Deflationary, not? Does the fed buys the bonds with fresh money?
    B) On the other hand if any central bank buys stocks in the billions, be it english or european billions does not matter much, then it creates money and gives that money to the previous stock holder which buys assets with it. Seems inflationary, but, to be honest, I do not really understand how this second mechanism works. It could no money is being created at all to, like with government spending if one analyses the process correctly. Maybe the central bank must use its ‘reserves’?
    I found this guy Steven Van Metre on youtube which says that there will be no Inlfation. Would be cool, if you can make an interview with him to find the truth, which would enable us small guys to to the right thing.
    Ben (these days, I prefer an anonymous name)

    • Greg Hunter

      In short, the massive debt in the form of treasury bonds is massively diluting the US dollar. When yiou have a lot of something the price (and in this case the value) goes down.

  41. Randy Best

    Bo Polny is way off agiin. Nothing happened in his critical period in April-and nothing has happened since then. Stock markets continue to hit all-times highs and gold/silver doing nothing…………….

  42. Gary

    Come on Greg,I have been watching your channel for a year or more and you seem like a very bright guy. David Stockman is way out in this case because this is WHOLE situation is a PLANNED event for sure since the IDIOT put up the Georgia guide stones in the 80’s. This whole situation is a global depopulation event that the ELETISTS have been planning for at least 100 years .This was NEVER done by people who did not know what they were doing. This is exactly what they want to happen and get rid of ALL of us supposed useless eaters to get t6he population down to 500,000,000(5 hundred million). These are their words.

  43. Norma

    Scare talk is what caused the 2008 crash, and here we are again (only it’s much worse, because EvilDoers are not even hiding their evil any more). Bottom line, just like then: BUY GOLD. *Spit!

Leave A Reply

Please Note: All comments are moderated and manually reviewed for spam. In turn, your comment may take up to 24 hours to be posted. also reserves the right to edit comments for grammar and spelling errors.