Reset Means Crash of Epic Proportions – David Stockman (Revised) | Greg Hunter’s USAWatchdog

(07/2021) From article: Reagan White House Budget Director and best-selling author David Stockman:
“There are trillions of dollars that are at risk. To put a dimension on this thing or a way of sizing this, is that we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets. . . .
“I have no thought about how big the correction will be, but if it were just back to the norm . . . it would be a $60 trillion correction, and that is a pretty big hole in the bucket. If $60 trillion disappears (out of the U.S. economy), it changes everything. It turns the financial system and economic reality upside down.”

His Warning: “Preserve your assets. This is the last moment in time to be greedy or aggressive or overly optimistic about the future. The future is being driven by the policy makers . . . The whole system is being run by Washington.

“The Federal Reserve totally dominates the financial markets. . . (they) have printed $6.5 billion a day for the past 688 days. (There’s been) more money printed by the Fed in the last 688 days than in the first century of its existence.”