- David Stockman: “2014 Is The Year Of The End Game”!
Today David Stockman surprised King World News when he warned, “2014 is the year of the end game.” 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. Below is what Stockman had to say in part I of a series of powerful interviews that will be released today.
Eric King: “David, I wanted to ask you about the Fed’s manipulation of the markets. They have a massive trading room where they are essentially ‘managing’ these markets, to use a polite term. What is the difference between that (what the Fed is doing) and the banks’ criminal manipulation in fixing the LIBOR?”
Stockman: “There isn’t any. It’s price fixing pure and simple. That’s the heart of what’s wrong with the whole system today….