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.
Tag Archive for David Stockman
Global Economics, Global financial crisis, Gold, Investing, King World News, Market Manipulation, Silver
David Stockman – This Financial Collapse Will Be Catastrophic
by click4silver • • 0 Comments
Today David Stockman stunned King World News when he warned the coming financial collapse is “going to be catastrophic.” Stockman also said that we will see “massive selling” of overpriced financial assets, but he also made the frightening prediction that “there won’t be any bids.” KWN takes Stockman’s warning very seriously because he is the man…
Federal Reserve, FOMC, Global financial crisis, Stock Market
Stockman: America is “stumbling into the endgame.” Yellen, “No Clue”
by click4silver • • 0 Comments
Sept. 18 (Bloomberg) — David Stockman, former director of the Office of Management and Budget under President Ronald Reagan, explains to Betty Liu why Janet Yellen is not a wise choice to succeed Ben Bernanke as Chairman of the Federal Reserve. He speaks on Bloomberg Television’s “In The Loop.”