David Stockman – Deflation Depression & Financial Armageddon, Peak Crazy Time & Yield Shock Coming

via Greg Hunter

Former Reagan White House Budget Director David Stockman sees deflation, depression and financial Armageddon. Stockman says, “In the bond market, I don’t know any other way to describe it. . . . It’s uncharted territory, and we have never been here before. . . . The house of cards is so shaky and so fragile right now that there is the risk of the proverbial black swan event. We don’t see something coming. It shocks the system. It triggers a panic, and the panic soon envelops itself and descends into some sort of doom loop. That could very easily happen.” Stockman says, “Gold and silver are the only safe investments to have . . . you can’t be safe in the stock market, and you can’t be safe in the bond market.”

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