Prelude To The Collapse - 06/14/13

The Wake Up Call show

Summary: The story of bad decisions following the 2008 financial crisis which will have repercussions for many years to come. The Fed is behind the entire, sorry episode. The rebound in GDP was almost entirely due to fiscal stimulus which did nothing to stimulate the economy. New bubbles have been blown and previously thought-to-be-dead bubbles have been gloriously resurrected. Meanwhile, a depression was born. David Stockman interviewed about the dangers of government intervention in the economy. “Obamacare” will leave millions uninsured, incredible though it may seem. Recent real estate price gains are almost all the result of cash purchases (by wealthy institutions). Secrecy at the highest level of government is similar to that experienced in many third-world countries