David Stockman: Virus Lockdown Is a ‘Flat-out Fraud on a Massive Scale’

‘Lockdown nation is the greatest disaster of all times … put the entire economy under house arrest by creating almost hysteria… about the coronavirus’

EXCERPT:

REPORTER: "I understand exactly where you're going, Mr. Stockman. Last thing, a lot of people out there, like the Cuomos of the world, are saying, 'All we've got to do is just print more money and everything will be fine.' Is that going to make everything fine?"
STOCKMAN: "No, it's going to destroy the system. The Fed is utterly out of control. It was already, in the last month, in like five weeks, it's printed nearly 2.5 trillion of more money, right out of thin air, to buy these bonds so that everybody in Washington can pretend that there is a free launch and that we can borrow like there's no tomorrow. Well, you can’t do that, It’s going to destroy the basis of the entire financial system because it’s fraud, it's just flat-out fraud on a massive scale coming out of the Fed today, which is out why the politicians, Capitol Hill, think that they can spend and borrow and borrow without any consequence."

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