"... we are in the midst of a lunatic financial mania..."
Central banks are a "doomsday machine" sitting on a $100 trillion market implosion, Stockman warns
(NaturalNews) Former Reagan budget chief David Stockman has warned that the global markets are dangerously close to collapse and that, were it not for artificial forces, the world economy would suffer a $100 trillion market implosion.
Stockman, a former Republican congressman from Michigan and President Ronald Reagan's director of the Office of Management and Budget, wrote on his blog recently that the world is currently "in the midst of a lunatic financial mania" in which central banks around the globe have addicted national economies to endless printing of money -- so much so that any hint of ending "quantitative easing" negatively affects stock markets.
(NaturalNews) Former Reagan budget chief David Stockman has warned that the global markets are dangerously close to collapse and that, were it not for artificial forces, the world economy would suffer a $100 trillion market implosion.
Stockman, a former Republican congressman from Michigan and President Ronald Reagan's director of the Office of Management and Budget, wrote on his blog recently that the world is currently "in the midst of a lunatic financial mania" in which central banks around the globe have addicted national economies to endless printing of money -- so much so that any hint of ending "quantitative easing" negatively affects stock markets.