Dec 21, 2017
Porter and Buck have an in-depth interview with David Stockman, former Director of the Office of Management and Budget under Ronald Regan from 1981 to 1985. Porter and David discuss the alarming growth in consumer debt and the broken link between productivity and wages that’s been out-of-whack in the American economy for over 30 years. Stockman reveals why productivity is faltering and how CEOs of America have become dangerous financial engineers that could lead to a new type of profitless economy and massive distortions in the world’s markets.
Porter and David explore the nature of Bitcoin mania. Is it an aberration? Or is it a warning sign of an entire financial system that’s bloated beyond all recognition? A speed round of questioning results in Porter asking David if Bitcoin is crazier than European junk bonds with zero yield. Or which type of debt is in deeper trouble, auto loans or student loans? David tells you what he thinks about the chances of President Trump finishing his term, and how to read his insights each day in the Contra Corner newsletter.
Buck opens a Christmas stocking full of mail from listeners with a timely question about our fiat monetary system, and a query about how to subscribe to Porter’s latest investment research. www.theamericanjubilee.com