“You Can’t Be Safe In The Stock Market” Stockman Slams America’s “Bad Money System”
Via Greg Hunter’s USAWatchdog.com
Former Reagan White House Budget Director David Stockman says look out for the “perfect storm” coming our way. Stockman explains,
“I think we are in peak crazy time, really, to launch an attack against Syria based on the flimsy evidence to date, and the likelihood it was another false flag operation…
Trump declared victory two weeks ago in Syria and said we are coming home, which is exactly the right thing to do and say.
Then, all of a sudden, you have a gas attack and the clamor from the war party to do something, respond and bomb Assad yet one more time, even though those air bases and military bases are populated with Russian military…”
Stockman summarizes the chaos…
“You have a hot war against Russia and the Iranians, which we have no business starting. You have a trade war brewing, I am afraid will get out of control with China, which is totally unnecessary. You have a fiscal calamity brewing right before your eyes, and you have a Fed populated by Keynesians, who think they miraculously cured the economy and everything is fixed. So, they are finally going to do what they should have done a long time ago and that is normalize interest rates…
The problem is they have waited so long…that by October, they will be shrinking their balance sheet by $50 billion a month… while the Treasury is attempting to sell $1.2 trillion a year of new debt…
You are going to have, and I am quite certain of it, you are going to have a yield shock like the world has not seen in a long time…
When yields hit 4%, the proverbial brown stuff is going to hit the fan. It is the proverbial perfect storm of upset, upheaval and really insane kind of developments. Finally, after kicking the can all these years, it is finally going to come together, and I don’t see what is really going to slow it down.”
How did the world get into record debt and trade wars? Stockman says,
“The point is a free market based on honest money would never produce this kind of imbalance.
Under the old system, when you start to run trade deficits this big…there would have been quick adjustment because we would have lost reserves.
Pre-1914, that was gold. When you lost financial reserves, gold, that caused the banking system to tighten up and caused interest rates to rise, credit to be curtailed, and the economy slowed down. Prices adjusted and slowly imports declined and exports recovered…
We don’t have that anymore. We basically have a bad money system, which allows these kinds of trade imbalances to grow.”
What Stockman sees is deflation, depression and financial Armageddon. Stockman says,
“In the bond market, I don’t know any other way to describe it… It’s uncharted territory, and we have never been here before…
The house of cards is so shaky and so fragile right now that there is the risk of the proverbial black swan event. We don’t see something coming. It shocks the system. It triggers a panic, and the panic soon envelops itself and descends into some sort of doom loop. That could very easily happen.”
Stockman says, “Gold and silver are the only safe investments to have . . . you can’t be safe in the stock market, and you can’t be safe in the bond market.”
Join Greg Hunter as he goes One-on-One with financial expert David Stockman.
Source: http://silveristhenew.com/2018/04/15/you-cant-be-safe-in-the-stock-market-stockman-slams-americas-bad-money-system/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.