Former Regan administration official is warning of a financial collapse some time between Aug.& Nov

[MindWars]

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

(Reported By Michael Snyder) If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017. According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.” He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community. Like other analysts, Stockman believes that the U.S. economy is in dire shape,


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Well damn we've heard this forever now, and it will happen the problem is the time line being rigged to keep it floating over and over but one of these times it will sink. We will be with Venezuela and all the other Countries going under as this is written.

 

[RodISHI]

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Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

(Reported By Michael Snyder) If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017. According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.” He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community. Like other analysts, Stockman believes that the U.S. economy is in dire shape,


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Well damn we've heard this forever now, and it will happen the problem is the time line being rigged to keep it floating over and over but one of these times it will sink. We will be with Venezuela and all the other Countries going under as this is written.

I'm thinking they wanna make it something like Greece, taxed into oblivion and property ownership only for the elite unless the woes are put on it all.

 

[S.J.]

I wouldn't put any faith in anything David Stockman says. He stabbed Reagan in the back when he was Budget Director. His word is no good.

 

[RodISHI]

I wouldn't put any faith in anything David Stockman says. He stabbed Reagan in the back when he was Budget Director. His word is no good.

"The sky is falling" .... for some it will happen but I guess that's life. It will be the one's who put their faith in man-made inventions that it will hurt the most.

 

[S.J.]

Stockman was a square peg in a round hole when he worked for Reagan. He never understood supply side economics, he's a liberal with liberal ideas who couldn't grasp the concept of a growing economy. Didn't understand that high taxes discourages business expansion which causes higher unemployment. Less people working, less people paying taxes. Didn't understand that you can only tax so much, and if you don't have economic growth (through lower taxes), you have to borrow money to keep going. Don't listen to Stockman.