March 26, 2016

David Stockman: We Are Nearing the End



Former White House Budget Director David Stockman contends, “We are nearing the end. I think the world economy is plunging into an unprecedented deflation recession period of shrinkage that will bring down all the markets around the world that have been vastly overvalued as a result of this massive money printing and liquidity flow into Wall Street and other financial markets.”

On gold, Stockman says, “I think it’s more of an insurance policy and an option on the ultimate failure of today’s form of central banking. When, finally, the Keynesians, who are running all the central banks, when they are totally repudiated, I think gold will soar in value.”

USA Watchdog

Related,
- David Stockman's Contra Corner
Stockman: The markets are in store for a ‘thundering reset’ (video) - CNBC

De hopeloze strijd tegen deflatie - Biflatie
Eric Mecking en Elmer Hogervorst over deflatie in aantocht (video) - deBitcoin

Gaat helikoptergeld onze economie redden? - FTM

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