David Stockman appeared on a Fox News segment with Neil Cavuto and had some scary words about the world economy.
According to him, Obama is all out lying when he says the economy is better since he took office.
In fact, something far more sinister is going on and it is at a scale way beyond our own country.
The former Reagan budget director said the reason the wealth gap is the highest in 30 years is because “everywhere, misleading distorted signals are being given to both public and private sector players about financial values. The prices have been falsified by the Fed.”
He added, “We can’t print our way to prosperity. The Fed is now petrified that Wall Street will have a hissy-fit when they tighten.”
He further added that printing all this money means the central banks around the world are now in charge putting your wealth at risk.
“It’s a coup d’etat, the central banks have taken over – unconstitutional domination of the entire economy,” he warned.