Protect Wealth Amid “Inflation Storm”: Reagan Budget Chief D…
The”inflation storm”is not coming, it’s here now, but you can take some steps to secure yourself, says President Ronald Reagan’s Budget Director David Stockman in this episode of The Sentinel Report with Alex Newman.
Stockman, who led the Office of Management and Budget (OMB) and spearheaded the Reagan Revolution’s financial part, alerted that stocks, realty and jobs remained in significant risk. He urged everyone to lower debt levels and hunker down.
Years of mismanagement and wild federal spending, in addition to Federal Reserve adjustment of rates of interest, have made the coming significant recession and the continuous high inflation all however unavoidable. And the economic mayhem will become worse before it improves.
In the last sector, Stockman provides some ideas on how to reconstruct the economy on a strong foundation, and he provides hope that Americans will recognize the value of returning to free markets and limited government, as in the 1980s, after the storm.
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