- David Stockman – This Financial Collapse Will Be Catastrophic!
Today David Stockman stunned when he warned King World News that the Fed’s massive trading room “is a weapon of financial mass destruction.” Stockman also warned about the enormous danger of the Fed’s continued interventions in major markets. KWN takes Stockman’s warning 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 had to say in part I of a series of powerful interviews that will be released today.
Eric King: “The Fed and the massive trading room where they are managing these markets, are they going to eventually get overrun and it’s going to be a horror show even in that trading room, where there’s nothing left they can do, no levers to pull as everything comes unwound?”
Stockman: “That trading room is a weapon of financial mass destruction. That’s the point that people need to understand. The people running the Fed today have no clue of the danger that they are creating through this massive market intervention and manipulation….
Stockman issued this warning about gold: “The gold market could explode at any moment. I’m not going to even venture a guess as to when that might happen, but clearly it is the asset of final resort when we reach the point where confidence in this whole Ponzi scheme that’s being run by the central banks finally breaks down. It’s almost a sure thing that as we reach the end of this era of massive central bank expansion and domination that the monetary system will break down, the central banks will become totally discredited, and the markets will be in anarchy and dislocation and gold will soar.”