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Every Bubble Eventually Finds its Pin

Summary:
The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision.  The process is both mechanical and subtle.  Here in the USA the automated elegance of this ongoing operation receives little attention. https://davidstockmanscontracorner.com/?p=361894&preview_id=361894&preview_nonce=1b5c4c34e0&preview=true

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The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision.  The process is both mechanical and subtle.  Here in the USA the automated elegance of this ongoing operation receives little attention.

https://davidstockmanscontracorner.com/?p=361894&preview_id=361894&preview_nonce=1b5c4c34e0&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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