Reset Means Crash of Epic Proportions

StockmanGreg Hunter – Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets . . . . A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated.

There are trillions of dollars that are at risk.  To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets. . . . Continue reading

Fed is Enemy of MAGA [Video]

stockmanGreg Hunter – Reagan White House Budget Director and best-selling author David Stockman says Fed policies over the last couple of decades hit the middle-class hard.

Stockman contends, “The Fed drove up costs, prices and wages at 2% come hell or high water. You do that for two or three decades and, all of a sudden, you are totally uncompetitive. You have the highest cost structure in the world economy, and the jobs and production migrate to where companies can find lower costs and better profits.

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Stock & Bond Bubbles Much Worse Than 1929

StockmanGreg Hunter – Economic expert and best-selling author David Stockman offers a dire view of the deep financial trouble America faces in his new book titled “Trumped!”

Stockman warns, “I think we are on the very edge, but what is different this time and makes it scarier . . . is I believe the central banks that ruled the roost have gone from one extreme to the next and done unfathomable things like negative interest rates on $13 trillion of bonds around the world, monetization of the debt, and bond purchases that are staggering such as $90 billion a month in Europe.

So, this time, as the phrase goes, they went all in.  They have violated every principle of sound money and sustainable finance that mankind has ever learned about over many centuries.  They have taken us to the edge, but they are out of dry powder.

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Financial System Booby Trapped with Debt Bombs

stockmanGreg Hunter – Former Reagan Administration budget director David Stockman says the biggest crash coming is not going to be in the stock market.

Stockman warns, “I think we are headed for a central calamity. The central banks of the world have been on a 20 year campaign to massively expand their balance sheets and intrude into financial markets in ways that were never before imagined. In the process, they falsified every asset value there is from overnight money all the way to 30-year bonds and the stock market. Continue reading

The Military Industrial Complex & Total Collapse

June 5 2014 ~ Today David Stockman warned King World News about the military industrial complex, the CIA, and total collapse. KWN takes Stockman’s warnings very seriously because he is the man former President Reagan called on in 1981, during that crisis, to become Director of the Office of Management and Budget and help save the United States from collapse. Below is what Stockman, author of the website contracorner, had to say in part II of a series of powerful interviews that have now been released.

Eric King: “If the fighting continues in Ukraine, is it just going to continue to be a stalemate over there?”

Stockman: “It could well devolve into a full-fledged civil war, and that would be really unfortunate for the people. … That is the result of the constitutional and political crisis that was provoked last November and December, not by Putin and the Russians, but by the (U.S.) State Department and the CIA and the so-called non-governmental organizations that are swarming all over eastern Europe trying to stir up trouble….

“… It’s an indication that what I call the military-industrial complex, this warfare state with all the spy agencies and this massive war machine that we have, is a dangerous thing to keep in being.  We don’t need it.  It should be demobilized.  It should be dramatically reduced so that the people who operate it aren’t tempted to start stirring up trouble.”

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Thanks, Dale