GOP stars tight-lipped on ‘huge disaster waiting to happen’

Saturday, August 8, 2015
By Paul Martin

Ominous signs of crisis that could explode around the world
Aug. 7, 2015

Is America headed for an economic collapse?

If so, presidential candidates are remaining eerily quiet about what’s being described as “a huge disaster waiting to happen.”

The U.S. stock market is on the verge of a massive collapse, warned David Stockman, OMB director during the Reagan administration, on CNBC’s “Futures Now” program. He said the recent price action has him even more convinced than ever that the bottom is about to fall out.

Stockman believes the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession.

In fact, he said, there’s no way to roll back the artificially inflated bubbles the Federal Reserve has caused.

“I think what we are seeing is the beginning evidence that the central bank-driven credit economy is over, and we are in a new era,” he said. “It’s a huge disaster waiting to happen.”

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