David Stockman: Giant Fiscal Bloodbath Coming Soon, Everything Will Grind to a Halt in 2017

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

Stockman also predicts very positive price moves for gold and silver as a result of the coming budget calamity.

Join Greg Hunter as he goes One-on-One with financial expert and best-selling author David Stockman. The author of “Trumped!” The book that predicted Donald Trump’s 2016 victory.

All links can be found on USAWatchdog.com: http://usawatchdog.com/giant-fiscal-b…

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  • Kerry Bindon

    I pray it happens. The whole debt as money and money as debt scam that has impoverished far too many for far too long; its day of reckoning is nigh, and a fantastic opportunity to throw of this Zionist Rothschild Globalist NWO barbaric yoke from humanities shoulders once and for all for we are now entering a new age that will not be the old NWO. As I’ve said lets pray.

  • Jimmy Yost

    I’ve had the internet since 1998 and I’ve been hearing these doom prophecies the whole time saying “The economic collapse is going to happen this year.” My dad played the stock market his whole adult life, and he made a couple of million but later lost most of it, partly because he believed some ‘experts’ predictions. He used to jokingly say “If I was President I’d make a law that people who predict things would face a fine if their predictions didn’t pan out the way they said they would, and the amount of the fine would be based on the loss that was incurred by people who took their advice.” He would be grinning when he said it. But actually a law like that wouldn’t be such a bad idea. It would no doubt empty the internet of an enormous amount of bullshit.

    • john jacobs

      The stock mkts. are (((rigged)))…a pump n dump.