Stockman – Worldwide Turmoil To Be Far Worse Than 1981
November 17, 2013
When asked if the turmoil in front of us will be worse than 1981, when he was called in along with others to help save the US financial system, David Stockman responded, “It’s going to be far worse.” Stockman also told King World News that “Eventually the world will flee to something with inherent and sustainable value outside of the regime of central banking, and gold is at the heart of that.” 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 II of his powerful interview.
Eric King: “David, how much danger has the Fed created for the world?”
Stockman: “I think it’s created massive danger because it’s exported this model of massive liquidity injection to the other central banks of the world. They are all doing it….