Today David Stockman stunned when he warned King World News that the Fed’s massive trading room “is a weapon of financial mass destruction.” Stockman also warned about the enormous danger of the Fed’s continued interventions in major markets. 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 and help save the United States from collapse. Below is what Stockman had to say in part I of a series of powerful interviews that will be released today.
Eric King: “The Fed and the massive trading room where they are managing these markets, are they going to eventually get overrun and it’s going to be a horror show even in that trading room, where there’s nothing left they can do, no levers to pull as everything comes unwound?”
Stockman: “That trading room is a weapon of financial mass destruction. That’s the point that people need to understand. The people running the Fed today have no clue of the danger that they are creating through this massive market intervention and manipulation....
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
A similar thing happened in Mexico in the late 70's. In one day, those who had money in the bank at 25 pesos to the dollar, were reduced to a peso worth 2000 pesos to the dollar over night! If the Mexican banks allowed people to have American $$ accounts, their money was converted to pesos and they took the hit, over night. It was great for Americans that had dollars to spend as tourists, for the older humble Mexicans that had small stores, they were not educated enough to even count that high and make change. Quite sad it was.
ReplyDeleteit will be chaos in this nation because the masses are in the dark, they are not educated and don't have a clue as to what is about to take place.
ReplyDeletethere will be riots, crime and devastation in our land as never before. I believe this will trump the "great depression". this is when the emperor will declare martial law and take over everything. just what we need...
Lock and load, bro.
ReplyDeleteMaybe, just maybe, NOW some of you
ReplyDelete"everything is great" sheeple will begin to understand why the police and the U.S. military are practicing civil suppression in the United States. Are the U.S. police planning to take some tours overseas to help foreign countries control riots?
Our "leaders", including our military forces, are planning to lay down a serious ace-whipping on the civilian population. They KNOW their shell games and tricks are coming to and end. Bad things will happen quickly and that ain't "paranoia' -- that's the opinion of many highly placed, knowledgeable, and smart individuals.
Our "leaders" are planning and preparing. You should, too. Or else.