Fiscal Bloodbath Coming this Fall-David Stockman

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Sky high stock and bond prices have former Reagan Administration White House Budget Director David Stockman worried because we are on our way to a big financial crash. Stockman explains, “Yes, absolutely.  The market is insanely valued right now.  They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500.  They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016.  We are at a point in the so-called recovery that has already lasted 96 months.  It’s almost the longest one in history.  What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends.  When the government shows its true colors, that it’s headed for a fiscal blood bath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all.  I mean it’s not going to happen.  They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade.  It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.”

So, when is cold hard reality going to set in? Stockman contends, “There will be no bid for the stock once the panic sets in.  We’re going to hit an air pocket.  The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis. . . . I would target sometime between August and November because that’s when the rubber is going to meet the road on a debt ceiling increase when they are out of cash.  Washington is going to end up in vicious political conflict over what to do about the debt ceiling. . . . It is going to be one giant fiscal bloodbath the likes of which we have never seen.”

So, what should you do right now? Stockman says, “The main thing is get out of the markets.  These markets are unstable.  They’re rigged, and there is no reason to own stock at this point of the game.  It is so overvalued.  Maybe you can get another two or three percent up, but you are facing another 30% or 40% down.  The risk/reward is horrible. . . . The bond market is one giant bubble because the central banks have been buying all these bonds worldwide.  They’ve been buying trillions of dollars’ worth, and they are still buying a trillion dollars’ worth on an annual basis.  All that is coming to a halt.  The Fed has finally run out of dry powder.  They are out of the bond buying business.  They are even talking about the initiation of the shrinkage of their balance sheet.  That clearly needs to happen . . . . The central banks are finally getting to the end of the road.  There isn’t going to be any more money printing, and that is going to leave a giant mess on the doorstep of all the fiscal authorities.  It’s going to make the bond market a particularly dangerous place.  There is a $100 trillion global bond market, and this is the biggest bond bubble the world has ever seen.”

In closing, Stockman recommended, “Get out of the stock market. Get out of the bond market and buy some gold.”

Join Greg Hunter as he goes One-on-One with best-selling author David Stockman of DavidStockmansContraCorner.com.

(There is much more in the video interview.)

After the Interview:  

David Stockman is a prolific writer, and you can find his analysis on DavidStockmansContraCorner.com. To become a subscriber and get access to his content, click here.  To get a copy of his latest book titled “Trumped,” click here.

 

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Comments
  1. Paul ...

    Perhaps the “zombies” on Wall Street have been so smothered in nano-aluminum from the chem-trails the Deep State sprays every day … that investors brains have been coated with “tin foil hats” (right within their skulls) where it can’t be readily seen … and that is why they believe there will never be another recession or any kind of economic surprise or upset or dislocation … so they blithely go on pricing the market for perfection … and will do so for all of eternity … because they have been made crazy by the Deep States mind control techniques … and I wouldn’t put it past the Deep State to have dropped an “anti-gold virus” along with their nano-aluminum to make sure the zombie’s only desire “fiat paper” under their mattresses!!!

    • Paul ...

      How do those “still awake” combat the supposed “Geo-engineering” … which is in reality a “mind control” program? … other then shooting down the planes “spraying us” with stinger missiles … we can protect ourselves from the nano-aluminum that destroys the brain by inducing Alzheimer’s with vitamin E, vitamin C, Omega-3 , vitamin D, etc. as explained by Dr. Russell Blaylock … https://www.youtube.com/watch?v=X3IW-TGGIkO

      • Paul ...

        Sorry … neurosurgeon Dr. Russell Blaylock reveals all here … https://www.youtube.com/watch?v=X3lW-TGGlk0

      • David John Williams

        Youtube has blocked the link you posted Paul…which only made me more curious of course; I was able to find it with other round about searching. Indeed it is astonishing that there is so much resistance to this subject when one gives it due consideration. I remember the quickly evaporating con-trails as a kid, it’s certainly different now; with my own eyes I’ve seen the on off on again of the spray, I’ve seen the tic tack toe patterns and watched the trails become wispy and spread into a lingering haze. Given the scale of this conspiracy alone, it is a wonder that any of us bother to feed energy into the political melodrama… as if an election, congress, or the media, are going to help us. I’m beginning to feel like a lab rat hoping for one of the scientists to trip and do a face plant on my glass house so I might escape….but to where?

        • Paul ...

          I know how you feel Dave … they are blatantly out in the open trying to kill us our wives and our children … they are into death and enjoy it … they have been destroying our lives since Adam and Eve … we have the numbers to defeat them … that is why they need to reduce the population by suppressing us with medication in our water, drugs in our veins and chem-trals in our air … they will not go away by simply ignoring them … they are evil … and as God did once before when he threw them out of Heaven … we must do now and get them off our Earth!!

        • Flattop

          David John Williams: Here in the communist state of California the chem trails mostly run north and south. For so many years they told us it was the bark beetle that was killing the trees. Now it is believed that it the chem trails that are killing our forests. They are killing you and I, the whales, the trees, and they just keep on spraying.

      • Deanna Johnston Clark

        Lots of chemtrails here. Nothing helps shake off the cobwebs and clear our thoughts like grapefruit juice and being outdoors. ..with vitamin D.
        The usual salt and sugar ridden diet is worse….bloat, stiffness, and kinda slow witted…avoid gmo bread and grains of all sorts.
        This is nothing to play roulette with…..

        • Paul ...

          Deanna … vitamins do help to remove the nano-aluminum from our bodies … but these evil ones are also dropping “bio-engineered virus’s” to attack specific centers in our brains … it is part of their “mind control” agenda to make us into sheep that can be herded “off the land” and into mega-cities where we can be even more easily controlled!!

      • Freebreezer

        Paul – you need to up your intake of mineral water, specifically from volcanic sources … it helps eliminate aluminum from the body. I prefer Fiji water (It has a pretty flower on it), but others work just as well! http://www.dailymail.co.uk/health/article-2216608/Drinking-litre-day-mineral-water-prevent-onset-Alzheimers-flushing-aluminium.html

        • Paul ...

          Thanks Free … I’ve been drinking San Palagrino … will give Fiji a try …

          • Paul ...

            You know I was thinking about what David John Williams said above about being “a lab rat” … lets assume David’s hypothesis is right and “we actually are lab rats to some alien specie scientists” … then it makes perfect sense as to why the alien scientists want to “exterminate us” … put yourself in the aliens shoes … say you are scientist experimenting with mice (trying to make them smarter) and all of a sudden these mice create an atomic bomb? … what would you do? … probably spray them with poison chemicals to kill them all and lower their IQ … what “we mice” have to do is TELL THE ALIEN SCIENTISTS IN NO UNCERTAIN WORDS … to stop the chemical spraying and the dumbing down of our species … or We Will Set Their House On Fire … and we want you aliens to deliver to us humans plenty of cheese and manor from heaven to make up for the destruction you have already done to our farmlands … of course the aliens can take revenge and genetically engineer our house mice to make them smart enough to lite matches … so we must prepare to live on the land the way the Indians did in tee pee’s instead of wooden houses) or in concrete homes … America must not give up our nuclear weapons or our firearms otherwise we will be slaughtered just like Qudaffi and Saddam!!!

            • Paul ...

              We are lucky to have Trump in the White House right now … who knows the art of the deal … he should negotiate with the Deep States “alien scientists” who are trying to kill us by spraying poison nano- aluminum in our air, putting fluoride in our drinking water, heroin and vaccines in our veins, and sterilizing GMO virus’s in our corn … these Deep State alien scientists were also probably the ones who caused Fukushima to radioactive contaminate all our sea food in the Pacific, etc., etc. … Trump must round up these Deep State “alien scientists” and hold them hostage until they stop the killing our women and children … and if they don’t stop NUKE THE DARK SIDE OF THE MOON where they have their home base!!!

          • Freebreezer

            Paul, I am not certain, but I think San palagrino is also from a volcanic source … needs some research. But from memory a few of the Italian mineral waters are also from volcanic sources.

          • Ben

            Try some water of life. Jesus offers it freely to all who are thirsty. Me, I don’t care what they do. I will be with my savior for eternity enjoying His loving presence. They will have their place also. Behold I saw the wicked spreading himself like a green bay try and behold he was not. Fret not thyself because of evil doers neither be thou envious against the workers of iniquity for they shall soon be cut down like the grass and wither as the green herb. Trust in the Lord and do good so shalt thou dwell in the land and truly thou shalt be fed. Be still and know that I am God. I will be exalted in all the earth. And the devil that deceived them was cast into the lake of fire and brimstone, where the beast and the false prophet are, and shall be tormented day and night for ever and ever. And I saw the dead small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works. And the sea gave up the dead which were in it; and death and hell delivered up the dead which were in them: and they were judged every man according to their works. And death and hell were cast into the lake of fire. This is the second death. And whosoever was not found written in the book of life was cast into the lake of fire. And he said unto me, It is done. I am Alpha and Omega, the beginning and the end. I will give unto him that is athirst of the fountain of the water of life freely. Oh Lord please open my eyes and cause me to thirst for you. Amen

      • Susa Glenn

        There is so much bad information out there about supplements and health care it is crazy. FYI: “food based” vitamin C supplements are made with lead and will give you heavy metal poisoning; Omega-3s and Omega-6s are TOXIC, cause cancer, and dementia. The best source for valid, factual nutrition information (complete with scientific reference sources) is: http://www.raypeat.com. Dr. Peat is a scientist, not a medical doctor. He is not selling anything. His papers are available for FREE online at his website.

      • Julie Tyra

        I’ve filmed the ummm airplanes that fly over my house in a tic tac toe pattern. My family thinks I’m crazy, but I’ve lived here over 20 years and I know which way the airport is. Many in my family can’t eat gluten and others it’s milk products. When asked if I want to donate to breast cancer or MS … I tell them QUITE LOUDLY NO, BUT I SURE AS HELL WANT TO KNOW WHY SO MANY ARE DYING FROM IT NOW IN DROVES FOR THE PAST 15 to 20 years!!
        Herbal remedies ought to be covered by our medical care. BILL GATES should be given the 23 injections an American child gets in the first 2 YEARS. I may be off by a few, but I know villagers run when they see vehicals that bring the poison.

        • Greg Hunter

          Julie,
          Those are real and most people on this site believe you. We don’t like it either. Chemtrails are Very Creepy!!
          Greg

    • Richard Taylor

      “It’s” ALWAYS coming but never here for umpteen years…sigh

      • Greg Hunter

        Richard,
        You better be ready. . . sigh.
        Greg

        • madras

          Greg, Congress has raised the debt ceiling dozens of times. Why is this time different?

          • Greg Hunter

            Madras,
            The U.S. debt is now around $20 trillion. How much longer do you think the world will let this go on before they stop accepting the USD? It’s different because the debt is so large.
            Greg

  2. Bert

    S&P just finished putting in the handle on Friday, next stop 2,600, likely a eight week winning streak begins on Monday.

  3. Terry Neelo

    I respect mr.Stockman immensely but he said everything would come to a screeching halt 3/15 and it didn’t. The can got kicked again. I’m getting tired of this. There’s a saying out west maybe down south ….”if you can’t beat’em join’em” . I’ve lost millions by NOT doing the opposite these guys say. I’m going head first into the stock market, and I’m gonna ride it till I ain’t got no more

    • Paul ...

      Terry … you better hold off a bit … as I want to make a proposal to President Trump.

      Dear President Trump … I have a suggestion for your economic advisors to consider … what I suggest is a quick fix to the fractional reserve banking system that has gotten our nation into deep trouble …
      1) you sign an Executive Order making fractional reserve banking illegal in the United States …
      2) you sign an Executive Order canceling Social Security, Medicare, Health Care, Food Stamps, etc., etc. and …
      3) sign an Executive Order issuing one(1) million dollars of Treasury credit to every legal citizen of the United States of America … total cost (320 million dollars) … total savings (trillions of dollars from the canceling all US entitlement programs)!! …
      The American people then become the lenders of credit to the banks (at a guaranteed 10% interest rate) and the banks by law can only lend out the money the people lend to them (at say a 13% rate)!!

      • Paul ...

        Of course what your one(1) million Treasury dollars are worth “in real terms” depends on the value of the fiat Federal Reserve Note at the time you get your Treasury dollars … if the Federal Reserve Note (now worth about 1 penny) falls in value to 1 one-thousand of a penny … our 1 million new treasury dollars will only have the purchasing power of about $1000 dollars at today’s valuation (or equivalently about one ounce of gold) … but still … an ounce of gold is better then nothing at all … if the government defaults!

      • JR

        cancel all the additional programs ATTACHED to social security . I paid into social security for over 50 years……my social security check is NOT an entitlement. I earned every penny

      • math teechr (not speling teechr)

        paul , 5/9/17 posts…

        one million dollars to every legal citizen…
        total cost 320 million dollars …

        better check your math unless you are saying only 320 legal citizens..
        perhaps you meant 320 trillion dollars ??????????????

  4. J. Ishak

    Macron leaks
    Here is a secret document from Macron’s files which outlines the procedures to succeed in a complete Islamazation of France and Europe. I have absolutely nothing against Muslims, but to use them as pawns to destroy societies is simply wrong.

    • Charles H

      The spread of Islam is a Catalyst, toward a One-World government. Order out of Chaos.

    • Bobby Brix

      Yes it’s the Kalergi Plan in full swing.

      Did you know Merkel won a Coudenhove-Kalergi award? Yes wants to wipe Germany off the map.

    • Paul ...

      There are deeper “inhuman alien entities” that are giving the orders to Macron to destroy human societies!! … these “off world” entities use us … to destroy ourselves … they are smart … but we can beat them at their own game!!

    • Tony Delanzo

      I agree, this can I believe, go on for ever, because who going too call them out!
      to much too lose..

  5. ross

    Bitcoin rockets while the metals get smashed. Both are a measure of fear in the market. Bitcoin cannot be manipulated while the metals are absolutely controlled by the counterfeiters of our currency. It would not surprise me that metals get smashed by another 20% because our fat controllers are in total terror of losing their enslavement of us via their debt money creation system. The collapse is unfolding before our eyes,so don’t become weak kneed and fall into their trap.

    • This sceptred isle

      Absolutely right. Bitcoin gives us some insight into what the precious metals should be doing.

  6. JCD

    Greg this explanation David gave about the swamp is why I believe America will never see another real president. There is a beast at the bottom of the swamp that consumes everyone that gets near it. Good show, really good show.

    • Paul ...

      That evil beast is the Devil himself … but he is not all powerful … simple goodness within our souls easily defeats him!!

      • JCD

        True, Paul. So few will obey this rule. Love you .. JC
        Strong delusion is his tool. He will glitter like gold when he fixes the world economy.
        China will help the beast accomplish it.

  7. MKS

    Another prediction? What happened to his March 15th even Though?

  8. Dan Mason

    Stockman’s last prediction was that all hell would break lose on March 15th! He was wrong on that. Eventually he may be right but his last appearance here predicted doomsday on March 15. He was wrong.

  9. JSmith

    Greg, Thanks for arranging these interviews. In this case, David Stockman is dangerous. Here is what we know: 1. Stockman became super bearish on the markets in 2012 — indicating that “…you’d be a fool to own anything but cash…”. Markets have soared since. 2. He has called for crashes repeatedly and been bearish on a number of the FANG stocks which have continued to rise dramatically. 3. He also originally thought that the budget crisis would begin by Memorial Day. Not happening. The point is that — yes, we are due a severe correction, but David does not know the timing and should be clearer on that point. Trump, Mnuchin, Ryan could again this year put in a budget and illustrate using their own performance scoring mechanisms a return to 3-4% GDP growth (contradicting the CBO’s more accurate forecasting). Maybe sophistry — but that is the probable angle. The economy may be slowing enough by then — that Congress may feel compelled to pass it in a moderated form (and declare victory initially — soothing the markets). Further, Yellin and the Fed will use quantitative easing again — and importantly start actively jawboning the markets about it — should there be a 5-10 percentage point correction. The Fed has also discussed buying stocks and bonds — they are capable of it — just like the ECB and Japan Central Bank In short, Neil Cavuto, Steve Mnuchin and others have disparaged Stockman’s points — because the political system can be manipulated again and again — kicking Stockman’s Hindenburg moment down the road again and again. Overall — David Stockman needs to start thinking in terms of multiple economic scenarios and balance risks and comments accordingly. Thinking in terms of singular events is dangerous. Thanks again for your great efforts, Greg, in bringing these individuals. There needs to be some level of counterpoint to ensure that people understand the truth, which is why we write.

    • Newbloomfield

      hello Greg,
      Thanks for all your hard work and great interviews.

      They key point here is that the Central Banks (banksters) have the ability to create *unlimited” amounts of digital fiat currency, which is *legal tender* and must be accepted as payment for goods and services in the nations where it is circulated by the corresponding Central Bank. The Exchange Stabilization Fund (Rob Kirby explains this so well) uses off-book fiat to buy up EVERYTHING: stocks, bonds, commodities, governments, etc etc, which means that that they MANIPULATE EVERYTHING, thus THERE ARE NO MORE MARKETS, ONLY INTERVENTIONS.

      Under these circumstances, the “debt limit” can be ignored ad infinitum. There are no limits to digital fiat — they will just keep typing zeros whenever the next “limit” is reached, etc, etc

      In my opinion, the real limit will come when China and the other industrial nations decide to stop accepting the counterfeit currency now being used to pay for the goods that the US no longer manufactures but requires (ask yourself, what do we still make here?) . . . In other words, it will require this sort of foreign intervention to actually interrupt this process.

      Hence the need for military forces to threaten everyone who refuses to go along. Will the neocon fools manage to start World War 3? Do they even understand what a nuclear war would do?

      see “What would happen if an 800-kiloton nuclear warhead detonated above midtown Manhattan?” http://thebulletin.org/what-would-happen-if-800-kiloton-nuclear-warhead-detonated-above-midtown-manhattan8023
      and “Turning a Blind Eye Towards Armageddon — US Leaders Reject Nuclear Winter Studies” https://fas.org/2017/01/turning-a-blind-eye-towards-armageddon-u-s-leaders-reject-nuclear-winter-studies/

  10. Dr Darryl Jewett

    Thanks for interviewing David Stockman, Greg. I always value his insight.

    I agree with you that the economy has already ground to a halt.

    Price of gold and silver may rise to US$20,000 an ounce but cost of exchanging (processing, selling, whatever) will be US$19,200 an ounce.

    As long as the US has laws that violate the Constitution and promote the enslavement of conscientious men, domestic or foreign, there won’t be a crash and the stock market will continue to go up.

    When the economy does finally collapse, the stock market isn’t going to drop by 40%. It’ll drop by about 99%. That day IS coming. Likely not this year but I’d estimate before 2022.

    • Tin foil hat

      “Price of gold and silver may rise to US$20,000 an ounce but cost of exchanging (processing, selling, whatever) will be US$19,200 an ounce.”
      I disagree emphatically. Gold will go into hiding if that happened.
      If the U.S. government/banks wanted to get their hands on private gold, they can confiscate, charge 99% fee for processing/exchanging(nobody will turn in their gold for any amount of fiat during hyperinflation) or they can permit business transactions (preferably over an ounce) conduct in gold and tax the process accordingly.
      With 10% transaction tax in gold, the government could confiscate approximately 65% of that gold in 10 transactions. If the squids really want the private gold, they should try their best to increase monetary velocity in gold after the reset.

  11. This sceptred Isle

    Good sign for the silver market as the record commercial short positions in the market failed to push the price near to its 2015 lows. Now a lot of the commercial short positions have been covered in a big way.

    http://kingworldnews.com/alert-commercials-just-covered-massive-number-of-silver-short-positions/

  12. Dr Darryl Jewett

    The problem with governments in the US (or anywhere for that matter) isn’t the kind. It doesn’t matter if the government is predominantly socialist, capitalist, communist, fascist or whatever. It’s the size of government that matters. People have to get past this parsing out things like Democrat and Republican, liberal and conservative, capitalism and socialism. Distinction among these terms become irrelevant with increased size of government. There is no way to “fix” governments in the US that does not include reducing the size of them by about 95%.

    • This sceptred isle

      This is one of the good things about brexit. Uk won’t have to pay for two governments, one in Westminster and one in Brussels

    • Charles H

      The problem, doctor, is verifying and vigilance – of the agency, that checks the agency, which monitors the agency, that keeps government working as it should. Humanity, corrupted by Sin, basically casts the die – to insure there is no area or depth where moral corruption cannot reach.
      Your point of ‘size of government’ is correct. It should have been spelled out in the Constitution, by percentage of population, from the beginning. But, then, enters “revision”.

    • Wayne D

      Maybe at its current elephantine stage, type of government does not matter. But kind does matter *very much* when small(er). Fascism is the boot on the face of a person. Communism denies individual property ownership. Socialism is the idealistic nonsense that egalitarianism is enforceable by legislation. Sorry, but true capitalism (which is not practiced today), while not perfect, beats the hell out of any of these others.

      Keeping government as small as possible was the primary goal of the Founding Fathers in crafting the Constitution. Franklin was aware of this in his reply, when asked what type of government the infant US was: “You have a Constitutional Republic, if you can keep it.” This was also why the 10th Amendment has reserved rights so prominently, to try to keep government small. Guess the experiment didn’t turn out very well in the end.

      I agree that this government cannot be “fixed.” But there is no way it is going to voluntarily reduce its size by any percentage because its structure is economically and politically dependent on increasing its overreach. If its current policies do not terminate all life on earth through nuclear annihilation, it too will pass. If/when it finally does, we can hope that something much better will replace what could not be fixed.

  13. Alyce

    David Stockman is one of my favorites. But I didn’t hear anything about Bitcoin!

    • Paul ...

      Bitcoin is “not money” … it is “electronic” currency … but just like “paper” currency it is fiat … as soon as the banksters develop a way to sell Bitcoin “short” you can be sure it will be manipulated by them to suit their purposes!!

  14. David John Williams

    Fascinating stuff, thanks Greg! I try to keep my hopes alive in the spirit of Bix Weir’s “Good Guys” fantasy land but unfortunately I have to agree with Paul Craig Robert’s and David Stockman’s assessment that Trump has been, at the very least, relegated. Hope for the best, brace for the worst.

  15. R Scott

    Mr. Stockman,

    Can you please tell me what is going to stop the central banks from buying Treasuries, corp. bonds and equities? In the first quarter of 17 they have injected 1000 billion of liquidity into the global markets. The FED, ECB, BOJ and SNB have no regulating authority and therefore I see no end to this game until they so choose, and without major reductions to their balance sheets I see no reason why they would so choose. Or is it possible that they are not concerned with their balance sheets, as they are not audited and can print unlimited quantities of money, and at some point they withdraw their liquidity letting the markets go so that the masters of our financial systems once again make obscene profits from another central bank manufactured crash? Repeat cycle!

    • Charles H

      In essence – they can print and post ANYTHING, any amount, to cover their butts. They will on PAPER own everything. Who can challenge that?

  16. R Scott

    PS: No more money printing or interventions? I will believe it when it happens!!

    • Arthur Barnes

      R. Scott; DITTO

    • Paul ...

      Trump just has to sign an Executive Order … “forbidding” every bank in the US from creating credit out of thin air!!

  17. Chuck Morrison

    Whenever someone says “get out of paper and buy gold” without adding “and buy food, medicine, and anything else you don’t want to live without”, it tells me they don’t really understand just how messed up things are going to get. Or maybe it’s because Stockman already has a nice luxury bunker, fully stocked, and has ceased to be concerned about it. Nice for him, but I would like to see a few more of the 99% survive.

    • Frederick

      Chuck If Stockman didn’t care about people than he wouldn’t be sticking his neck out warning us And NO it’s not only about plugging his latest book IMO

  18. Paul Anthony

    Four years is a long time. I don’t know if I would be so quick to say hes been “captured” by the deep state. I do think they are having an effect on the President on what he wants to do verses what he can actually get done.

    Four years along with God being in control is a long time …ANYTHING can happen. They still attack him every day … They don’t hate him just because he has bad hair, they hate him because he ruins their awful policies and plans for globalism.

    As far an the President’s Son in Law ….. He has to go … to many connections to awful people … Soros?? Yeah .. I wouldn’t even let the Son in law drive past the White house with that connection alone.

  19. Dean Young

    I’ve been listening to David Stockman for a while and all his advice is the same. When he is wrong, which is almost all the time, he just moves his prediction dates down the road. Eventually he will be right like a broken clock is right twice a day.

    • Greg Hunter

      Dean,
      You do realize the massive fraud and money printing propping up the system don’t you?
      Greg

      • Charles H

        It’s like playing the board game Monopoly – and the Elite control the dice. Anyone can “win”, if you can roll the dice as much and whenever you want!

      • Bill Scavone

        Greg,
        This has been going on long enough.Stockman has been saying the same thing for years. nothing he has predicted for years has come true. He is just selling his newsletter. Sure we know the Fed is keeping things going. He says they have run out of powder. Baloney, they can just make more with the printing press in the back room. They can keep this going for a long time. Anyone who listens to Stockman will be broke when the system does crash.
        Holter is the same. He has predicted a crash for years. Even moved is family around to save them, then decided they would be better off back here. This guy is dangerous both for his family and your listeners. ENOUGH!

        • Charles H

          Bill,

          One must choose between being either ‘in’, or ‘out’. Disaster doesn’t announce itself, or conform to a time table. The fundamentals are there; the math is simple. Those who choose to stay in the corrupt system, or return to it: are taking a hard chance. Those who are ‘out’ – have been held down and been ‘bottom-bouncing’ for a long time. Tha amounts to much wear-n-tear. But I disagree as to going to be broke by listening to Stockman when the system does crash. If you have hard assets – they will be redeemable, and always on-hand.
          As for Holter – he learned a lesson, which happens to be true: then acted on it correctly. Anglos, or Gringos, living in a foreign country ARE targets for fraud and thievery. When a crisis hits there: they WILL BE the first to be robbed and extorted; and likely thereafter killed. Bringing his family back Stateside WAS a move to safety: your conclusion that he is a danger is completely incorrect. You base a conclusion upon something you have no idea about and are completely wrong; then try to find Holter guilty for something else based on your wrong conclusion! Your logic is either faulty; or fraudulent. This is typical of criticism when thinking things through correctly isn’t being used.

  20. randy0302

    Great interview!
    Greg,
    Can you ask David next time, where do we go from here? In 2013 I met the Head Lawyer of the World Bank at Jim Sinclair conference. That’s where I first became aware there is no law in this country requiring citizens to pay income tax. Also all the money goes straight to the city of London. Interest on Fed money going to the Rothchilds.
    Millions know it’s a fraud.
    Do people go to Jail for not paying taxes if so why?

    • Dan

      randy0302 -” Do people go to Jail for not paying taxes if so why? ”
      Get in touch with Peter Schiff with this question . He’ll have plenty to say.

    • Arthur Barnes

      Because Federal prosecutors, IRS, and the Federal Judges believe that they should & interpret the laws as having to pay federal income tax, that is why; which is not to say that you are not correct in theory because you are, but as a practical matter pay up or go to jail; that is about the sum of it all. a b

      • Charles H

        Art,

        I haven’t had enough income in the last dozen years to have to pay taxes. But in reading… ‘In 1894, Congress passed a 2% tax on all income above $4000.00. Within a year, the Supreme Court struck down the measure as unconstitutional – which it clearly was.’ W. Elliot Brownlee, Federal Taxation in America: A Short History (Cambridge, Cambridge University Press and the Woodrow Wilson Center Press, 1996…)
        So it seems people just do what they want for the system they are in. It’s not the votes; but the people who count them that matters.

  21. Independent

    Greg,
    Mr. Kallstrom would be a good guest for your site.
    Former FBI Assistant Director Kallstrom sounds off on Hillary Clinton’s email investigation as Bogus. Interview was on Fox Sunday morning futures with Maria Bartiromo Sunday 5-7-2017

    http://www.foxnews.com/shows/sunday-morning-futures.html

    • Greg Hunter

      I agree!
      Greg

    • diane

      Thanks for posting that interview Independent.
      I don’t watch much TV but when I do it’s only the Fox BUSINESS CHANNEL. They are by far the best source of news, imho.

  22. john duffy

    The public school system is a hotbed of rape and perversion. 17000 sexual assualt charges in last four years. Why any parent would send their children to these schools boggles my mind!
    https://www.youtube.com/watch?v=CI6fU_ayouo

    • Deanna Johnston Clark

      The Vietnamese parish here in Savannah is the most devout and generous by far. When I visit my daughters grave at the big cemetery guess who is there? The Vietnamese…there we are surrounded by tacky Irish flags and Georgia Bulldog banners. The Vietnamese children almost all go to public schools with the black and poor white kids like my grandchildren.
      My husband works at a Catholic school. Its a prep school where Jesus Christ is a postscript to endless ‘events’ like Rennaisence Festivals and sports. Sorry old boy, you can consider yourself called out on this one.

    • Frank D

      I agree and they pay heavily to do so. How ironic! Another government created bubble (college education) that has drastically increased prices and lowered the quality of the end product.

    • Arthur Barnes

      Because John they (any parent) don’t know what you know and, yes, it does boggle the mind. a b

  23. Charles H

    Greg,

    Two & one-half trillion in “entitlements”. BEFORE anyone touches Social Security – which I paid into out of mostly minimum wage earnings: let them cut the captains and colonels who are “retired” on five and six figures , and who have Cadillac healthcare through the Veterans Administration. They will have a fat chunk of Social Security when their time comes to plop on top. Social Security is OWED to it’s contributors, and no cuts should need be made. Military and Federal employees’ retirements ARE entitlements – a promise of continued payment – for work that is no longer done.
    Cut my Social security – and we must choose between food and medicine. Cut most of the Fed and military retirements: and a choice between a new Lexus and a used Beemer is all that they face. Start with Congress.

    • Tin foil hat

      Charles H,
      The GOP doesn’t even has the balls to take “Pre-Existing” conditions out of ObamaCare-Lite. Do you really think they will touch entitlements or S.S.?
      Cutting away, they will, but it will be done in a dishonest and behind your back fashion via inflation.

      • Charles H

        Tin foil hat,

        I don’t expect much change for the good in anything, anymore. Politics has changed not only in size, but nature. I already live in a third-world country. I expect the US to join us; and the Dollars I’m sent, to plummet.

        • Frederick

          Charles I live in Turkey on the SW coast which is somewhere between First and second world I guess and I’m expected the same and that’s why I’m taking my SS now at 62 and buying land and trying to get as self sufficient as possible Cheers

          • Charles H

            Frederick,

            Now at 63, I’ve had to start Social Security – just to keep my nose above water. But self-sufficient, and prepared as possible is an in-hand task.

          • aussie jeff

            Been under way for a couple years doing the same thing Frederick,
            dinner tonight consisted of vegetables grown with free water from heaven, (Praise God)they were cooked on an open fire.
            The seeds to grow them were given to me,the sheep and chickens provided the manure.
            Sum total of my meal?
            Zero.
            Its a simple life,my daughter and son inlaw are staying for a few months their first observations. ….no stress!!
            All the best with your venture.

  24. Terry

    It’s hard to take Stockman seriously when he’s talking about how to “pay” for $60 B for defense or a wall or whatever. We don’t “pay” for anything. We just print $ out of thin air. We’re running a +$1T deficit and you’re worried about $60B? The whole thing is a house of cards waiting for a match. It’s a joke.

  25. FC

    An economic collapse is our best scenario I’m afraid we will witness the true commencement of WW3 during the Fall.

    • Rick

      That’s why the monetary system will never collapse until the central banks stop printing money. It’s very obvious how committed they are to propping up the system. They really don’t worry about what’s on their balance sheet and they will continue to buy up all the worthless assets on the planet with money printed out of thin air. As long as they can continue to manipulate the interest rates even into negative territory they can keep printing to prop up the system. Once they own all the assets, then we’ll see helicopter money even being dropped to the lowly peasants.

  26. Robespierre

    PIE IN YOUR FACE

    Same message for 8 years. Stocks keep going up. Obviously, David Stockman is not a market timer. Debt limit keeps going up and will continue going up under President Trump. So, you can relax because the world is not coming apart just yet. David Stockman gets some more pie in his face. Get Ready for that :
    https://www.youtube.com/watch?v=1GNR12vGALI

    • Greg Hunter

      Rob,
      I hope this works for you. Yeah, we are headed for the fun house.
      Greg

  27. francis m reps

    Thank you again for an insightful guest. It may be time to have another chat with Dane wigington whose weekly radio program about geoengineering and other dangerous government activities is one of the few voices { like yours } which speaks truth to power. Thanks again Mr. Hunter.

  28. Arizona

    GREG,THE LORD JESUS SAYS,when you see the stock market hit 25,000,ITS about to crash to ZERO..pull everything out when you see it,OR lose it all..take care my friend..

  29. Frederick

    Greg, thanks for this excellent interview with David Stockman. His point of view is worthy of some very serious consideration.

  30. Agent P

    Dunno…

    Mr. Stockman’s ‘red lines’ are giving the French a good run… March 15th, April 28th, then June-something if I remember correctly, and now the Fall…

    Don’t you dare I tell ya…!!!

    Not that he isn’t technically (or morally) correct, it is simply that market dynamics and econometrics of his day do not exist in the current universe. The central planners can have their way – and Will have their way, for as long as they wish – until…

    Until a crisis borne of foreign origin (policy intervention) upends the system which has been in place since 1971. And that means a clear and decisive withdrawal from $USD in trade deals and general global commerce between major trading partners and the U.S. debt market.

    I do find it rather curious, no mention of this aspect by Mr. Stockman – but not unusual. Most ‘mainstreamers’ still believe the global economic universe revolves around the U.S. economy and decisions made by the Federal Reserve, and or government agencies in tow. Meanwhile… Major trading ‘partners’ with large economies (and Militaries) of their own, proceed forthwith to disgorge themselves from the belly of the $Beast.

  31. Richard Taylor

    I thought it was last year, now as always the great crash is being pushed off further. Which is it and why should we believe Stockman??

    • Greg Hunter

      Go back to sleep Richard. Everything is going to be OK.
      Greg

  32. al

    Awesome interview. Ok, so I heard as early as May 11 from other posters to as late as November. Well… it’s got to happen sometime, I’ll be celebrating the new financial world when it decides to show up.
    You’re the best Greg.

  33. Wayne D

    Stockman maintains his position that a day of reckoning awaits us (last USAW interview 2-26-17, “Giant Fiscal Bloodbath Coming Soon”). Late this summer or in the fall, the stock and bond market bubbles will deflate, accompanied by out-of-control spending unable to secure additional funding, budgeting concerns, etc. The impact of unrealized derivatives that total more than these markets together will almost certainly amplify this devastation. We have heard this scenario from many other interviewees. And we all continue to be amazed, for years now, by how long they can keep kicking this can down the road yet one more time.

    But such market bubbles are just symptoms of the disease. They have been purposefully fueled by the insatiable appetite for debt required by the privately-owned central bank Ponzi scheme that is the Federal Reserve System. So if there is to be an end (sooner or later) to this terminal phase of its current incarnation, will it result in a re-set to start the Fed Ponzi all over again? Or will something different emerge? (This could be embedded within a larger framework of a drive toward global hegemony or a single world government/currency via the N W O, but let’s consider that a separate nightmare for now.)

    As I have commented before, the real issue is the global interdependence of these military wars (including those undeclared and by proxy, new ones threatened) with ongoing economic wars (including sanctions, trade, competitive currency devaluations, cybercrime) as the power paradigm shift proceeds from West to East. The warfare “winners” want to be able to determine the fates of the Petro-Dollar standard and the USD as global fiat reserve currency.

    The privately-owned central bank model, with its Ponzi scheme of fractional reserve banking, still controls virtually all the world’s governments, hence its peoples, through financialization. “Permit me to issue and control the money of a nation, and I care not who makes its laws” (attributed to Mayer Amschel Rothschild). So the fundamental questions remain: Can this stranglehold it has on the world be broken? And what, if anything, will replace it?

    Aside from mentioning the Red Ponzi (China), Stockman’s focus was US-centric. Waiting for this day of reckoning is Kabuki Theatre, revolving-door posturing by the CONgressional idiots and their lobbyists in their quest for endless credit expansion they call an “economy.” Potentially, it can be disrupted at any time within the larger context of 1,001 internationally-based concerns.

    The projections I just saw indicate that Rothschild bankster-backed Macron has won today’s French Presidential election. (IMHO, au revoir a ce qui etait La Belle France; it just died.) Anyway, it now looks like that stranglehold isn’t going anywhere, at least for a while.

    • Charles H

      Macron, like Trudeau – entitled kids, now world leaders: bodes ill for the future.

  34. Paul Anthony

    Well looks like most of France is brained washed or The Globalist Rigged the Election over there. That’s not good. Keep on keeping on …God is in control. They are still the ones in Panic and not facing reality.

    • Charles H

      “These things have I spoken unto you, that in me ye might have peace. In the world ye shall have tribulation: but be of good cheer; I have overcome the world.” John 16:33. THAT “peace” is conditional – to spiritual position ‘in Me’ – salvation; AND “might” based upon the personal attribute of reckoning one’s faith. (Concurring with – John 14:27-29.)

  35. Lissa

    So sorry Greg,
    Here is the correct link related to Friday’s posting from Wall Street on Parade but it also relates to today’s post:

    http://wallstreetonparade.com/2017/05/gao-biggest-fiscal-threat-to-u-s-is-interest-on-treasury-debt-not-social-welfare-programs/

    Thanks for all you do! Keep up the great work! God Bless!

    • Greg Hunter

      Thank you Lissa.
      Greg

  36. Bo boo

    As Stockman says were in a huge shutdown and why? Mainly because of our treasonous media, because of our treasonous intell cut-throats, that gave the media, fuel for the fire. Fire for what? For the firing [Were All Fired] of the dis-United States of the AXED! We’ve been axed and the Trumpster is letting them put us in the dumbster. Do you blame him? After the way he’s been treated, it’s divine justice indeed and the Donald and the Amerikan people will get the last laugh!

    The 64 billion for defense was our only hope. Yes our only hope. The hope was we wouldn’t need it for defense and instead use it, that 64 billion to save our souls, S.O.S! Yes, remember Trump was going to meet with Putin? Never happened, no peace dividend, Nada! Donald was going to save the world from bankruptcy. He talked about the world wide debt bubble two times during the debates and he caught hell for it and that was just a taste of what he got since he’s been president! Oh it will be sweet comeuppance http://idioms.thefreedictionary.com/get+comeuppance when Colbert gets that sinking look in his myopic eyeballs like the fat cats when they realized they were all going to die when the rushed waters were hitting them in the face on the Titanic!

  37. Peter

    Stockman is brilliant and I agree with much os what he said, but he was wrong a year ago, so it’s very possible the stock market will continue to climb higher now. You play the cards you are dealt, not the cards you want to play. Right now stocks are hot and precious metals are cold. New mining technology continues to increase the supply of Gold and other metals, so stocks are the place to invest longterm.

  38. ConcernedAmericanDad

    Greg,
    Sorry, I can’t listen to this bu!!$#i++ anymore. So, the rubber is going to hit the road in September now. I thought it was going to hit the road in April-but oh no-the Republicrats were able to agree, keep the government going for a few more months again. Imagine that! And I find it pathetic that you still seem to believe that Trump is actually an outsider. The joke is on all of us once again. Anyone who actually believes that any vote makes any difference is a sucker. There was no hope and change and this latest false god is proving be more of the same as well. When will the prosecutions begin? The Clintons are criminals, right? When will the swamp be drained? NEVER- until it is done outside of this ridiculous “system” that has us all shackled. IT is all theatre to make the ignorant masses believe that they actually have any say. We don’t, as long as we continue to believe that any change can come from within this corrupt clusterf@#$% following their rigged rules. Keep eating S#!TT and enjoy it!

    How long are we all going to sit by and be OK with being robbed. These internet rates are like a hot iron up the A$$es of savers. How long is everyone going to sit by and accept the constant lies, the phony numbers…..Why doesn’t Trump come out and make a statement about how ridiculously fraudulent the jobs numbers are. What happened to all the bubble talk?

    Who would have ever thought the debt would double from 10 to 20 trillion.
    Well, when it’s 40, your guests will be saying “no way it can go to $80 trillion, people will start to loose faith”

    …………sick of the BS

    • Greg Hunter

      Dad,
      You do know who David Stockman is, right? I hope you are ready when this hits.
      Greg

      • Teeter

        Yah, we know that Stockmans predictions have all been wrong, but that shouldnt stop anyone from claiming a collapse is coming next month, lmao, please, we know who he is.

    • FC

      C.A.Dad, you seem to be bitter in the fact the economy hasn’t crashed as yet, I take it then you have invested heavily into an insurance policy (precious metals) thinking it was going to be a ‘get rich quick scheme’ and it’s backfiring on you, while you watch your friends make a fortune on the markets and that’s just eating you up.

      When the rubber does hit the road and if you are fortunate enough to survive the civil unrest that we will all have to endure, you will then be thankful you had your insurance policy…………..until then be a concern and loving dad to your family and enjoy your time together as you know it, before the very thing your hoping for begins.

    • Chip

      I mean no disrespect to Greg or David, but I’m with you CAD on this. Very little change has or will come with the election of DJT. He’s being absorbed by the swamp. Elections mean nothing, no one has been prosecuted, the media completely covers up the DNC conspiracy to give hiLIARy the nomination, and the fact that she was given the debate questions ahead of time. That was a COMPLETE subversion of the US election process! Where’s the outrage? Where’s the justice? And the Clinton’s simply close down their corrupt CGI? NOTHING is, has, or will be done about it. We live in a lawless republic with fake markets and bankers in charge. “Someday” there may be a crash, when is anyone’s guess… Chip

    • Hatemail

      Don’t be mad, get Glad!
      Plus, buy TP, ammo, food and everything else you need to survive at least a good 6 months. Then carry on as normal.
      When SHTF you will be wishing Stockman was wrong again.

    • Charles H

      You are not alone in being fed-up and sick. Trump got his wish; but the taste of his ambition is probably NOT to his liking.
      At least the US showed some backbone in getting him elected. France, and Canada – caved big time.

  39. Teeter

    Same story, different narrator. Jerry, whats the latest with the reset, collapse of the petro dollar ?

    • Jerry

      Teeter.
      The reset is happening now inside the global banking system. When will they go public is anybody’s guess? I am anticipating it will be tied to the Shanghai gold price fix that is coming. It was supposed to happen in April last year but they were not ready. Now CIPS has merged with SWIFT and over 1800 banks have updated their EFT systems to accept payment. Insiders I know are already cutting deals on private exchanges, so its just a matter of time. I do believe Rob Kirby is correct. Once the gold orders can’t be filled they will shut down the old system and fire up the new one. But FYI you and I will be the last to know.

      • Tin foil hat

        Jerry,
        I know you are right on the money but I haven’t bought any PMs this year just yet. I’m waiting for sub $1,180 oz and will probably regret it 10 years from now.
        The power of the wizard is strong.

  40. Deanna Johnston Clark

    Veterans for Child Rescue is giving our vets a wonderful purpose. Please check it out.

  41. Everett

    Greetings Greg,
    I was going to mention this in an earlier comment but I hesitated to say anything until now. It is obvious to me that something is wrong with the vegetation here in the Ozarks. Yes, we received a lot of rain and maybe that is it, but I don’t think so. I watch my grass on the farm very close and it looks scalded to me. Today, I told a good friend of mine about it, thinking he would figure me off my rocker, and to my surprise, he has noticed the same thing on his farm. I could go into detail, but really the crux of it is that I know I have never seen anything like this. From the road it isn’t very noticeable, you have to walk out in the pasture, that is when it jumps out at you. I think I will contact Mr. Wigington and see if what he thinks of the situation.

    • Paul ...

      Everett … the Deep State has no empathy or morals … they are out of control “psychopathic killers” irreparably poisoning all the farmland in America with nano-aluminum … to get the population “off the land” … so they will have complete control over the food supply … and thus total control over us!

    • Charles H

      UVC radiation?

  42. Paul ...

    Sadly a Holocaust of the past blinded the French people into ignoring the greater Holocaust taking place in the present … so the Deep State Rothschild cabal now retains its control over the central bank in France as Le Pen went down to defeat (with the use of American taxpayer money)!! … however lets not make this defeat in France weaken our resolve from fighting against the greater Holocaust the Deep State is currently raining down upon America’s people and its small farmers and growers … the Deep State is spraying our farm land with poisons (nano-aluminum) to deprive us of our food, milk and honey … the uninformed (brain dead zombies) keep saying it is only con-trails … yet can’t explain (what airport these planes are flying to) in a tic-tact-toe pattern … the objective of the Deep State is to kill off 8 billion people on our planet (with no empathy or any sign of moral code or ethical values) … their objective is to “clear the land” by 1) poisoning it irreparably, 2) creating droughts and then 3) floods (to take down the dams the farmers need to water their crops [i.e. Orville dam]) … they use the UN as cover to promote their “Agenda 21 Holocaust” upon all living things … to clear the land here in America and across the entire world … listen to a fellow truth teller who explains in greater detail “this unbelievable Holocaust upon all of humanity” currently in progress … by a deeply evil neocon cabal backed by Satanic bankers … https://www.youtube.com/watch?v=bMeXSlGJZYc

    • Paul ...

      After the Le Pen defeat … here is a small moral booster … the Russian Federation attacks an evil “alien controlled” Deep State ISIS base in Syria … wiping out a good bunch of terrorists who were killing Christians … https://www.youtube.com/watch?v=o6Zd0wHKwN0

  43. Jerry

    Greg,
    For two weeks now I have said that the global currency reset is happening “right now” inside the global banking system. Banks throughout the world are ALL programing their exchange systems to accept data that is being transmitted by the Chinese and AIIB.
    http://www.japantimes.co.jp/news/2017/05/07/business/faster-investing-stronger-private-sector-cooperation-key-adbs-support-regional-growth-nakao/#.WQ-ennyGMfg
    I ask you, what purpose does it serve for the central banks to inform the general public about this transition? Does anyone really think they would welcome general panic and a complete global breakdown of society? Those of you still waiting for a date can put your calendars away now. They’re not going to let any of us know anything until the makeover is complete and your money is safely tucked away in their digital bank vaults. We all know the game is rigged, why would we expect anything different this time? But reset assured, even as I type, the BRICS nations and the rest of the world are quietly redeeming U.S. treasuries for new gold backed global securities. But shhhhhh…don’t tell anyone.

  44. Scarlett

    At 13:20, ring, ring, ring, ring, ring! Hello @ Greg and David, Donald here, …”you both are doing a good job of keeping the zombies mesmerized ….great job, two thumbs up…”…

    Cheers,
    Mesmerized Rubberized Zombie

    • Greg Hunter

      Scarlett,
      I think this is funny.
      Greg

  45. Cromwell

    A truly excellent interview. Yet very disturbing. Many thanks Greg

    • Greg Hunter

      Thank you Cromwell!
      Greg

  46. Kerr Mudgeon

    First, Greg — someone is manipulating your Worst President poll if you don’t already know this. For many weeks it stood at Obama 66-67% as being the worst. Now, the worthless hacks are trying to manipulate reality and have sent bots against your poll. Most of these new “votes” are going to Bush 41 as the worst, with a few salted on Carter which reveals the manipulation. Anything to improve the standing of their globalist enemy agent Obama. Aaahh, the endless machinations of the scum who cannot fight true opinions and reality except by LYING and CHEATING. Beautifully revealing — they do this in ALL areas since they cannot win a debate on the facts.

    Second — philosophically I am empathetic to Stockman’s views. However, the criminals and assorted sociopaths who run this financial/governmental control complex have amply demonstrated that they can warp and manipulate the system seemingly without end. It would not surprise some of us if they ran the stock markets another 50% higher before they allow them to come undone. This ludicrous subterfuge could easily continue for another year or even longer.

    Stockman said in your previous interview with him that we would already be in full chaos mode when April/May rolled around. What do we have? Another can-kicking deal cobbled together by the gutless wonders populating the ranks of our so-called “elected representatives” in DC. What an effing joke!

    Another short term budget deal will likely be in the offing come this autumn. These indescribable frauds will always take the easy way out if they think it serves their self interest.

    • Greg Hunter

      Kerr,
      I am going to take it down. Thank you. For the longest time Obama was winning by around 70%. Why do the creeps care. Can’t we have some fun??

      Greg

  47. C romana

    Interest rates are too low. If you steal from the savings of responsible people, they can’t spend to support the economy.

    • C romana

      According to International Man, it’s a war on savers, and punishes the older generation for the sins of the bankers.

      • Corleone

        The banks can not pay the depositors any interest because the banks are no longer making any profit. They are half dead. That is why people call them “zombie banks”. Egon von Greyerz call them “banks only in names”. Janet Yellen does not have any specific term for them but she has been injecting them with heroin every month.

  48. Petedivine

    Stockman wants a Vat… on top of sales tax, property tax, federal income tax, state tax, health insurance is a tax etc… I refuse to give more. Next stop is to quit working meditate and to ride my MTB all day. This wage slave thing is for the birds.

  49. Shaz

    Greg, WDers

    It is official…the French have voted for change [yeah right!!] and elected a Rothschild Bankster as their new President…go figure.

    The establishment will be ecstatic…they will able to continue to mercilessly fleece France for another full term and try to perpetuate the ridiculous illusion that the EU is a sustainable and legitimate institution.

    Sad, but not in the least surprised
    Shaz

    • Greg Hunter

      Shaz,
      I totally agree with every word you said. Sad.
      Greg

    • Freebreezer

      Shaz – I just find it hard to believe that the EU and France make it that long! I was over in Paris for few days per work a month back and it is not the place I visited 8 years ago. There is a unspoken tension in the people and air … I wish I could put a finger on what it is(?), but again it was not the same laid back place from my last visit.

      • Tin foil hat

        Freebreezer,
        I know exactly what it’s like. The air seems thicker and things seems to move slower. It’s like walking into a home which the occupants have something to hide, the dogs can actually smell the tension and would react accordingly.
        I swear sometimes I can smell it myself at the perimeter when the whole neighborhood is hostile.
        Europe must be hurting. The price of guided tours to Germany, France, Israel, Italy …. have dropped about 20%.
        12 days in Italy is slightly more than 15 days in India!

  50. Shadow of Doubt

    Greg,
    A podcast found on the website “thevictoryreport.org” has a telling interview with Bill Binney on the drawbacks to the Five Eyes Network. He points to these countries plus eight or nine others who’s intelligence agencies also have partial access –that can utilize the information found on this network to shape, fold and manipulate the political arena both domestically and/or abroad via blackmail, initiating damning investigations or embarrassing leaks that are otherwise “impeachable” under our US Constitution.
    SOD

    • Greg Hunter

      Interesting SOD. I believed you.
      Greg

      • Shadow of Doubt

        Greg/WDers,
        This video has already been pulled, you can still find it on youtube.com. Look for Bill Binney:Russia-Gate, Five Eyes and US Constitution. (LaRouche Pac).

  51. Dee Garmon

    However, Wall Street , unlike the politicians, keeps its word and rewards those who’s served it well as perhaps best explained by Obama’s $400.000 speaking fees.

  52. Flattop

    GREG:
    WE hear, the collapse is coming, the collapse is coming, but there are few who ae heeding the message. Everyone of your recent guests have said the same thing, only the dates change. I fear that many are agreeing, but few are fully mentally prepared for the initial shock that will come.

    • Greg Hunter

      What Mr. Stockman said in tis interview is stunning considering who he is. I have to tell you it made me a little uncomfortable listening to him. I mean this s going to rough for both prepared and unprepared.
      Greg

  53. Edward Ulysses Cate

    Do you think Madoff fell on his sword BEFORE he decided it was all over? No one can be allowed to default BEFORE the decision comes down that it’s over. Watch what they do with Puerto Rico bonds. The tell will be if no dominos fall. I suspect TPTB will simply create more thin-air money and make all parties whole, taking title of course to whatever comes with it.

  54. Tommy

    More time stamped predictions. The stock market is going to crash by (fill in the blank). Same for the bond market. Same for the dollar. Same for the economy. The best statement ever made by a guest was by John Williams who said some time ago that you can’t analyze or predict the markets because they are manipulated or rigged. That about sums it up.

  55. GMan

    Greg,
    How come none of your guests ever report on the auto industry? I understand that the average new car takes approx 70 days to sell. The auto plants continue to crank out new vehicles like the market actually needs them. Where does the excess inventory go??

    • Greg Hunter

      G,
      I said there was 84 days of inventory for GM last week and reported all the sales numbers were down with the exception of one automaker. (Ford that did not report yet.)
      Greg

  56. Jak

    Everyone knows this stock market is ridiculously overvalued and should be going down, not up but it keeps going up. Last week Greg Mannarino said “SomeTHING” is holding this market up. That SomeThing is the Swiss National Bank. Central Banks buying US stocks will keep it going up. Martin Armstrong has been right all along. He’s been saying for a long time we might get a 40,000 Dow. Beware, however, he also said if it does get to 40,000 it would result in a disastrous outcome.

  57. Justn Observer

    Greg, One wonders when the people on here will get it… They ‘print and spend’ that out of thin air…because …they can! And…will continue to do so…until they can not… As long as people relinquish assets and their time for it…what incentive do they have to stop?
    Once the people stop their stacking of silver and gold…and using it in trade for items …and use the paper to give back to the banks to resolve debts and pay taxes…the closer they will come to ending the nightmare ! That is why they rig thePM markets…to keep the price low to give the impression it is worthless and a ‘risk’ that it could fall even lower… Once there is enough silver and gold …in circulation…again…that is when the ‘printing’ will stop because the people will not then need to accept it for a medium of exchange. AND once the people demand to be paid AGAIN in ‘silver’ and ‘gold’ back Certificates…then the banks will be forced to purchase the silver and gold and hold it in reserves ….as the Bric nations are now doing…as a ‘reserve’ on demand… Paper was meant to be a ‘convenience’ of not having to lug around heavy metal in one’s pockets or bags for travel etc. Once the bankers decided they could print paper…realizing people rarely came and withdrew their deposits…they could loan out ”’paper”’ for interest and thus…the Ponzi scheme began….
    People should just buy silver and gold …and when and where possible use it … and as more people do…they too will realize it is stable- enduring – can rise in value – and not go up in smoke at a whim…and will itself be more ‘valuable’ as the cost of energy and labor goes up… as it requires both along with rising equipment costs to attain it rather than …..being printed at whim out of thin air! And by the way….I can not confirm this …but according to Stan Deyo in this piece… https://youtu.be/LJxKugXCjUQ

    Saudi Arabia has much less oil left then is being admitted to ! As little as 16 years worth for out side sales…that is why they are hoping to IPO it and sell off ‘shares’ to maximize or pass off the liability and loss to others? lol MAYBE? The ultimate Madoff scam eh…selling shares in an empty hole in the ground? Maybe too -why they are investing and buying up the U.S. largest petroleum assets here in the U.S. not long ago…? Might also explain why the huge squeeze being put on Venezuela and other areas like where the Seal team member was just killed …off the coast of Somalia ? http://nationalinterest.org/blog/the-buzz/somalia-the-next-oil-superpower-12041

    Things are not always as they seem…. maybe …their is a reason the ‘petro dollar’ is fading until there is more ‘under control’ to carry that scam on! I mean…what ‘value’ would the ‘petro dollar’ really have if it IS BASED on an empty hole in the ground? And how desperate are they all to get those ‘pipelines’ thru Syria? Time will tell…
    As a final add…. https://youtu.be/6n5XfSMBJek the only chart with an up trend this woman shares is the ‘confidence’ chart…this with that above should draw some somber reflections on which to ponder along with…why Saudi Arabia for some years now will not allow outsiders to verify their well reserves per Mr. Deyo.
    One might consider adding at least enough solar panels and a small electric car and a team of mules for their farm on their ‘prepper’ supply list? lol
    Keep it up Greg…you are doing great with your choice of interviewees and a great service for the people seeking truth and situational prespective….regardless of what the ‘skeptics’ and nay-sayers post on here. There is nothing like a warning about over building over an aquifer until THERE IS ! And the other thing about the clock always being right twice a day… is that when time runs out…you realize you should have been watching an hour glass instead…

  58. David Jay

    I like listening to Stockman, he is razor sharp and as a former insider, has a unique perspective….but he is not a Market Timer, much as he tries to be one, and in truth, has no idea when this bird is going to turn. He may have the valuations correct… but nobody says bubbles can not become even bigger bubbles. Additionally, the market itself may be overvalued, but there are still decent dividend paying stocks that are not.

    One thing that bothers me about Stockman though is his attempting to sell, for a few thousand dollars after discounts, some sort of shorting program based on options. If you have bought the short options Stockman has been recommending forever now, they all likely ended up expiring worthless. If you simply shorted the S&P 500 since he started warning about a fiscal bloodbath… years now, you have lost a huge portion of your investment.

    We know that doomsday predicting sells… and I hate to think that Stockman is simply selling fear like so many others do, but that he is attempting to sell his own shorting system for thousands of dollars…. gives me pause and I question his credibility because of it.

  59. James Brown

    Greg,
    Another great interview. Thank you.
    When they ask you what you do for a living the answer should now be, I kick ass!!! Because that is exactly what you do all the time.
    Crash, Martin Armstrong says the DJIA will go to 42,000. Who is correct, both of them.
    Macrons election will push Europe to collapse when capital flows out of Europe and into the DJIA. That will lead to panic in Asia which will cause capital to flow from there to the DJIA. Finally, the panic will land in the good old USA and the DJIA will go from 42,000 to 10,000. Don,t believe me, ask Japan,

  60. Alanon

    Guess I don’t get it, this big financial crash of the market going down 40% is it? I have been out of the stock market lower than that following the advice of people like this. So after this big crash it will be time to get back in?

  61. Everett

    Greeting Greg,

    This from Ron Paul, I appreciate Ron very much, love for you to have him on again.

    http://www.ronpaulinstitute.org/archives/featured-articles/2017/april/24/candidate-trump-i-love-wikileaks-president-trump-arrest-assange/

  62. Arthur Barnes

    Greg, the French has spoken, they have decided that they like the religion of peace spraying their citizens with bullets and trucks, they also like their EU, so much for them, the next time their infidels citizens are gunned down in Paris or wherever I will change the channel. I say this because the election was not even close; 90 per cent, holly molly, what happened to French nationalism? Looks like the French revolution returned back and is “eating cake” again.

  63. Miro Markovic

    Dear Greg, I thank you for this interview with Mr. Stockman. He is more knowledgeable a person that most of us. When he says that we all need to get out of the stock and bond markets then it is easier for me to understand why the PR of China and the Russian Federation are buying all gold reserves currently available on the world’s market. Those two large counties also know more than an average investor from any stock and/or bond market.

    • Greg Hunter

      Thank you Miro.
      Greg

  64. Keith wilson

    The new French president Macron got 66.06 percent of the votes on Sunday night. The book of revelations gave the number of the beast 666.What the hell do you make of that Greg. Are the illuminati devil worshippers trying to tell us something.

  65. Doug

    France just elected a terrorist loving president. They deserve with they get in bombings and ( you wondering why I call them a worthless country, ) viva terrorist, down with France.

  66. Paul ...

    Wow … very interesting … Russia is getting directly involved in Afghanistan … supposedly they fear an “HIV epidemic” spurred by rampant heroin use … hope this means they plan to stop the epidemic … by burning down all the heroin poppy fields!!

  67. RichM

    So I was thinking and playing a simple little math game here. This of course is not scientific but is what I see as a possibility. With the markets reflecting 25 times earnings, this I believe is true for all sectors except two on average where those two (which include the miners) have been beaten down to levels that are the polar opposite of the DOW bubble. So if the market crashed and fell to reflect a 1/1 ration for earnings by 25 times, it would take the DOW to 840 (from 21,000 / 25 = 840.) Of course it wouldn’t drop to that because these other two sectors, mostly commodity based including the miners would/could go up 25 times and offset the crazy fall all the way down.

    Still the DOW/gold ratio should reach 1/1 like it did in 1980. So my simple math game here would be to take that DOW 840 and assume that gold could increase to $1,200 X 25 = $30,000 per oz. So maybe just for fun, take the average of them both being 30,000 + 840) / 2 = an average DOW and gold price at a 1/1 ratio of $15,420 DOW and $15,420 SPOT GOLD. Sounds crazy huh?

    Whatever happens, I think gold is eventually in for the ride of the centuries at some point.

  68. Paul ...

    I’m calling out to the “good guys” in the military … the United States of America is under attack … by “inhuman alien elements” within the Deep State who are killing our women and children (and poisoning our farmlands that will never again grow food) … the nano-aluminum is being sprayed from aircraft and the chem-trails containing it are being sprayed over the entire Continental United States … these inhuman alien elements within the Deep State “are not of this world” … notice how “they” fight their wars of annihilation … they use “our assets” against us … it is our military men and our military aircraft being used to kill our own people … if the people decide to protect themselves from being murdered … they have to shoot down their own planes and their own pilots with stinger missiles (this is not acceptable) … this is a different type of “off world” warfare from what we humans are used to … so you “good guys” have to go directly to the source and “root out the inhuman entities” who are directing our military assets from within against our own people!!!

  69. MIlton Welch

    Based on string of comments to this interview, Greg should put a big disclaimer:
    “To enter this site it is mandatory for all to leave calendar and marker pen alone !”
    Self righteous ‘pissiness’, that guests on this site did not nail it within nanosecond so lazy sheep (aka blind follower) can make a “right move” is baffling my mind.

    • Greg Hunter

      GO back to sleep Milton. Everything is fine.
      Greg

      • Tin foil hat

        Grey,
        Milton was mocking those who were complaining about the poor market timing of your guests.

        • Greg Hunter

          Tin,
          Most here know how very bad this will be. Many will be totally wiped out for the rest of their lives and chaos and crime will run rampant. Better to be a few years early than one minute too late. Yes, it will go that fast.
          Greg

      • MIlton Welch

        Greg, I think that you misunderstood my post.
        Far for me thinking that everything is OK. I just do not expect your guests TO GUARANTEE EXACT date and time of some event and by that I do not express an anger if some of those did not happen as they had said it may. Your guests offer variety of views and options for the future that is before us, and it is up to the own readers thinking to choose what is the best for him or her. Those who do not think I call what I called them above, and. yes, leave calendar and marker pen alone !

        • Greg Hunter

          Milton,
          OK fair enough. It’s getting close and they never intended to fix the system. The dark powers just wanted to buy time. Get ready and stay ready.
          Greg

    • Flattop

      Milton Welch: ” self righteous pissiness”???

      • MIlton Welch

        Read sample below.

  70. Doug

    I don’t need 31 minutes to tell you when the dollars party ends, it end when the dollar is no longer the reserve currency. The only big players that could end it, is the Saudi’s , China and Russia. But now that we can to go Cuba, that country( their people ) will take US dollars over the Cuban peso any day. So when I get to Cuba, I will spend my $400. dollars on Cuban cigars and rum and that will be $400. dollars outside the country.

  71. Ray Mylar

    The last time I read you, you said the crash was coming in the stock market between April 21 and April 28? Why did you change the dates?
    Regards: Ray Mylar

    • Greg Hunter

      Ray,
      Do you want a refund? Oh! I forgot, this is a free site.
      Greg

      • MIlton Welch

        That’s what I was talking about.

        • Tin foil hat

          Milton,
          It’s almost like complaining about the poor weather forecast and chemtrails at the same time.
          The Deep State is messing around with natural laws.

  72. Llynn

    Why does David Stockman avoid the elephant in the room? Must be paid for by the shills he refuses to speak about. Free open medical prices, rx prices, enforce the damn law on the books Stockman….he knows that why wont he say it? You decide….and more military spending by Trump? The evil Deep state is still in control funding, controlling the powers that be. It is going to fail no matter what, but WHY WONT HE SAY ANYTHING ABOUT THE MEDICAL INDUSTRIAL COMPLEX….You decide.

  73. dlc

    Trump fires Comey. Good move, cleaning out the rat nest, one rat at a time. Looking forward to see who replaces him. Kimmel, Streisand, and DeNiro types will be having seizures with each replacement/improvement as Trump gets a handle on who the backstabbers and foot draggers are.

    • Tin foil hat

      doc,
      I hope Trump will appoint Rudy Guiliani. He cleaned up the ungovernable NYC and would have no problem draining the un-drainable D.C.
      This could be the very first step of the purge.

  74. Flattop

    GREG:
    Good news. Comeys out. Chucky shumer says his firing was a big mistake. That tells me it was the right thing for our Prez to do. God Bless Trump as he continues to drain the swamp.

  75. Mike R

    Comey’s firing is SOOOO Overdue, and so awesome, you cannot possibly overstate the ramifications here. He without a doubt protected Clinton from prison, going against mountains of evidence and against at least 250 different FBI agents recommendations. Im surprised there wasn’t a massive mutiny long before this. His disgusting fabrications of Russia, and his collusions with the democrats are serious grounds for Treason, punishable by a life prison sentence. This has barely just begun, and every democrat who screams the loudest against Comey’s firing, and especially any GOP congress person, is technically the most guilty in crimes against the President both pre-election, and post inauguration.

    Officially, this begins the process of swamp draining. Big time. A lot of people are going down, and the mid terms for democrats will be the most brutal in over a century. Mark my words. The ignorant plea’s for Trump’s impeachment are really the cries of desperation for those who know their days are now numbered. Watch who is most vocal, as they are the most dirty, and guilty of many crimes. And Snowden also knows he’s toast. His twitter rants are those of a complete coward.

    • Tin foil hat

      Mike R,
      You took the words right out of my mouth. I suspect many of these cowards would wish for the penalty of “You’re fired” rather than “You’re arrested”.

  76. JohnH

    Will someone please explain why the markets will crash when the central banks are propping them up with $250B a month? Wouldn’t that be reason for the markets to continue to rocket upwards?

  77. TwStudios#9

    Store food, Ammunition & Arms, Aspirin, Water, Contact lens solution, Tobacco, Gather Vodka, Caffeine, Medication of all kinds, Silver American Eagles, Cash, $50’s 20’s 10’s & 5’s. Move out of the City. Matches, dried food like Jerky etc..Toe nail clippers, band aids, Liquid bandaid, Solar battery chargers for cell phones.
    Gasoline, Propane, generator, Chocolate, sugar, cooking oil, crackers, Top Noodles, rice, cans of beans, toilet paper, soap, shampoo, toothpaste & brushes, water, water, and more water.Can opener, corkscrew, scissors, Knife, Matches, Diapers, Kitty litter, Baking Soda, Vitamins, Weed, Beer, Pipes, rolling papers, Batteries, lamp oil, wicks, Prozac, Valium, Ambien, Antibiotics, Trash bags, Blankets, Sleeping bags, bug spray, Fly swatter, Seeds, etc. etc. etc..

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