Author David Stockman warns, "This is not a viable system. It's a house
of cards . . . I think it will be a deflationary event." Stockman,
whose latest book is called "The Great Deformation," goes on to say,
". . . financial asset prices will collapse." How does gold do in this
calamity? Stockman says, "As they see those assets go up in smoke, I
think there will be a flight to a monetary asset that people will have
some confidence in, and gold will be that asset."
Join Greg Hunter as
he goes One-on-One with former White House Budget Director David
Stockman.
The Great Deformation: The Corruption of Capitalism in America
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