David Stockman-This Is Not a Viable System-It’s a House of Cards-The Great Deformation

http://usawatchdog.com/bubble-inflati… Author David Stockman warns, “This is not a viable system. It’s a house of cards . . . I think it will be a deflationary event.” Stockman, whose latest book is called “The Great Deformation,” goes on to say, “. . . financial asset prices will collapse.” How does gold do in this calamity? Stockman says, “As they see those assets go up in smoke, I think there will be a flight to a monetary asset that people will have some confidence in, and gold will be that asset.” Join Greg Hunter as he goes One-on-One with former White House Budget Director David Stockman.

Leave a Reply

%d bloggers like this: