For those who don't know who this is, this is a former assistant Treasury Secretary under President Reagan and former editor of The Wall Street Journal.
Among things he said:
On what recourse for the ordinary people exists: "Overthrow the government .... and put these people in jail." (!)
"(Would default be "catastrophic"? - Max) PCR: Catastrophic for who? The American bankers?"
"We think we have democracy...... but where is the democracy?"
He's also on the same page as I am with offshoring and its consequences.
Call him a kook? Uh, maybe not.
Take the 25 minutes. It's important.
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