David Stockman - US Recession, Treasury Ponzi Scheme & QE Infinity

David Stockman illustrates how U.S. Treasuries have become a massive Ponzi scheme that investors buy because they are assured of continuous profits thanks to QE.

David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America and Trumped! A Nation on the Brink of Ruin... And How to Bring It Back.