David Stockman: Great Economic Reset Imminent - Bible Prophecy +Videos

EverythingNewUnderThe Son

Published on Aug 12, 2018

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https://www.thebalance.com/us-economi…

https://www.zerohedge.com/news/2018-0…

https://www.zerohedge.com/news/2018-0…

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For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil. 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.

David Stockman: The World Economy Is At An Epochal Pivot – A ‘Great Reset’ Approaches +Video

By Adam Taggart  /  Peak Prosperity

David Stockman warns that the global economy has reached an “epochal pivot”, a moment when the false prosperity created from $trillions in printed money by the world’s central banks lurches violently into reverse.

There are few people alive who understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier — which is why his perspective is not to be dismissed lightly. He knows intimately how how our political and financial systems work, as well as what their vulnerabilities are.

And Stockman thinks the top for the current asset price bubble era is in — specificially, he thinks it hit its apex in January 2018. As this “Everything Bubble” prepares to burst, Stockman estimates the risk of economic crisis is as great, if not greater than, the 2008 Great Financial Crisis because of the radical and unsustainable monetary policy expansion the central banks have pursued over the past decade.

This has caused the prices of stocks, bonds, real estate and most other assets to appreciate at rates that have no basis in the ongoing income/cash flow of the global economy. In short, they are wildly overvalued. 

A key condition that Stockman has been waiting to see, that serves as a signal the bubble’s bursting is nigh, is the concentration of speculative capital into fewer and fewer stocks as the “good” options for investors shrink. We now clearly see this in the FAANG complex (a topic covered in detail in our recent report The FAANG-nary In The Coal Mine)

Stockman’s main warning is that there’s no bid underneath this market — that when perception shifts from greed to fear, the bottom is much farther down than most investors realize. In his words, it’s “rigged for implosion”.

He predicts a Great Reset is imminent. One that, for those who see it coming and take prudent action today, will offer tremendous, perhaps once-in-a-lifetime, investment opportunity once the dust settles.

To hear Stockman’s specific predictions and warnings, listen to this 16-minute interview:

Those interested in having the opportunity to spend an entire day with David Stockman, where he’ll present the specifics of his forecasts as well as address investor Q&A, should consider attending Peak Prosperity’s New York City Summit with him on Sep 26, 2018.

It’s a good thing this Summit is coming up soon. We very likely do not have much time left before Stockman’s predicted Great Reset begins.

As he puts it himself:

You would think by now that the big thinkers and strategists of Wall Street would get the joke. Trump’s election was always a dagger aimed squarely at the egregious financial bubbles on Wall Street that have been building for 30 years at the expense of a stagnant main street economy.

And now [America's] no-holds barred pursuit of Trade Wars and Fiscal Debauch have guaranteed that the day of reckoning is at hand.

In fact, it may be only days away. And this chart from the final days of the dotcom bubble may be a pretty serviceable roadmap as to why and when.

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