David Stockman Warns: THE END IS NEAR
SGT Report.com
March 24th, 2015
There is a sea change in the monetary world occurring at this very moment. The world’s reserve currency, the Dollar, is now in its twilight years (or months) as China, Russia and even US allies make dramatic moves away from the world’s Petro-dollar based system – and toward Asia.
David Stockman who once worked as Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan, and whose work at Contra Corner we often post at SGT Report, made an appearance on Neil Cavuto’s Fox Business Channel show recently where he took the hardcore economic facts to the American people, warning that time for the US Dollar and the debt-riddled US economy is running very, very short.
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On the Fed:
“First of all we have a central bank, the Fed, that is out of control, has been for years. We have now printed more money than was even imaginable ten years ago. Four and a half TRILLION. We started at the time of the financial crisis with a balance sheet at the Fed of $900 Billion – it took 94 years to get there. And in a few months and years we quadrupled it.”
The Rest…HERE
