Former US Budget Office president warns economy is nearing final stage of collapse
by: J. D. Heyes
NaturalNews.com
Monday, February 16, 2015
The one-time director of the Office of Management and Budget under former President Ronald Reagan has a dire warning for the world’s citizens: The global economy has entered “the crack-up phase” that may lead to the evaporation of much of the West’s wealth.
According to David Stockman, who is also a former businessman and GOP representative from Michigan, the mismanagement of the global economy by the world’s richest nations is about to reach its zenith and will be preceded, he believes, by four events.
“We’re in the crack-up phase. I think there are four big characteristics of that which are going to shape the way the economy and the markets unfold as we go forward,” he said on Chris Martenson’s Peak Prosperity podcast.
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