David Stockman – Lunatic Fed Engineering Global Collapse
November 15, 2013
Today David Stockman told King World News that the “lunatic policies of the Fed” were engineering a global “collapse.” Stockman stunned KWN when he warned that “panic will set in,” … “and the central banks won’t have the ability to forestall the collapse.” 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, what did you think of Janet Yellen’s testimony?”
Stockman: “Well, frankly I thought it was appalling. It was superficial, mechanical, naive, and disingenuous. I would start with one of the direct questions she got from one of the Senators, ‘Are you monetizing the debt?’ She (Yellen) said, ‘No, we are only carrying out the directions of Congress.’ That (answer) is just absurd….