“It’s one of the scariest moments in our history,” warns Ronald Reagan’s former Budget Advisor, David Stockman, during a recent video interview that tackles concerns over the future of America’s economy.
“The only way to correct this is to let the bubble burst” adds Harry Dent, the famed Harvard economist.
Not missing a beat, Stockman adds, “No central bank has ever printed this much money this long, kept interest rates at zero, and fueled so much speculation . . . they’ve painted themselves in a corner, they’re playing it day by day, and they’re going to make a HUGE mistake!”
Stockman’s controversial statement, which was caught on tape during this video is causing an uproar from Wall Street and politicians on both sides of the isle.
Convinced that the entire “economic recovery” is fake . . . that it has been merely propped up by reckless money printing, interest rate cuts, and bailouts for Wall Street . . . Stockman is urging average Americans to prepare for an unstoppable economic collapse.
Stockman is calling the crisis “Sundown in America” as a contrast to the “Sunrise in America” that he and President Reagan built from 1981-1984.
Harry Dent’s concern is that the government’s unprecedented intervention through QE (Quantitative Easing) and other measures is creating the worst case scenario. Which is why his next words painfully hand in the air.
“The next crash is going to be worse than the last one”
Consider that Dent is known worldwide for his uncanny boom and bust calls over the last 30 years, one should pay careful attention to his new warnings that the stock market will collapse by 70%, that real estate will plunge 40%, and that unemployment will spike up to 15%.
Editor’s Note: Click Here to See The Evidence in This Controversial Video
Neither economists minces words when they place the blame squarely on Federal Reserve and their political cohorts who have enacted dangerous policies to benefit Wall Street over Main Street.
“They brought in the foxes — like Goldman Sachs — to look over the henhouse!” Dent says throwing his hands in the air as he comments on the brazen policies forced on the American public after the 2008 crash.
Stockman chimes in “All the cheap money has stayed in the canyons of Wall Street where the speculators can access it day after day . . . that’s called arbitrage.”
However, all is not lost if you prepare now, both economists state. In the video, they give practical advice viewers can use for their investments, career, education, and retirement.
“You can do plenty of things,” Dent says, “But you’re going to have to do it. Your stock broker is not going to do it for you. Government isn’t going to warn you. Nobody is going to protect you, and nobody is going to stop this bubble from bursting because every single bubble in history has burst. And this is one of the biggest.”
The controversial video interview, initially released to a private audience, has gone viral as hundreds of thousands are seeing new evidence for a looming economic crisis, and are heading their advice to survive and prosper.