Economic Relevance - David Stockman, Nomi Prins, and other info - January 31, 2016

David Stockman interviewed by Greg Hunter - USA Watchdog - January 31, 2016 - Former White House Budget Director David Stockman contends, “We are nearing the end. I think the world economy is plunging into an unprecedented deflation recession period of shrinkage that will bring down all the markets around the world that have been vastly overvalued as a result of this massive money printing and liquidity flow into Wall Street and other financial markets.”

On gold, Stockman says, “I think it’s more of an insurance policy and an option on the ultimate failure of today’s form of central banking. When, finally, the Keynesians, who are running all the central banks, when they are totally repudiated, I think gold will soar in value.”




The West Is Reduced To Looting Itself — Paul Craig Roberts - January 30, 2016


Get ready for a January jobs slowdown - Marketwatch - Jeffry Bartash - January 31, 2016

Dow falls 223 points after Federal Reserve statement - CNN - Patrick Gillespie - January 27, 2016 - At the end of its two-day meeting Wednesday, the U.S. central bank acknowledged that the U.S. economy lost momentum at the end of 2015.

U.S. Net Worth Declines By $1.2 Trillion - Fox Business - January 27, 2016


Big banks brace for oil loans to implode - CNN - Matt Egan - January 18, 2016

The 62 richest people have as much wealth as half the world - CNN - Tami Luhby - January 18, 2016


We Are Getting To The End - SGT Report - Nomi Prins - January 31, 2016 - Nomi Prins, the Best selling author of All The President's Bankers, joins me to document the collapse of the western banking and economic systems. Nomi says, "We're getting to the end of what's possible in terms of stimulation, I would have thought the end should have happened years ago. But the reason it didn't was because of the epic coordinated efforts between the major central banks... and that element has left markets with the APPEARANCE of health they haven't actually had because of true growth. And there's only so much you can do of that. These are desperate actions."