Stockman Warns: “Trump Does Not Yet Understand The Magnitude Of The Problem… It’s Going To Shock The System”

Nwo Report

Though many financial pundits make the argument that the U.S. economy is booming as a result of millions of new jobs, a healthy housing market and record stock market levels, former Reagan budget director David Stockman  says that the next few months will see fiscal, financial and economic upheaval.

In a recent interview with Greg Hunter’s USA Watchdog, Stockman argues that President Trump’s stimulus packages will be ground to a halt as the U.S. debt ceiling is once again breached in March. The resulting uncertainty could lead to widespread panic on Wall Street.

The trigger, says Stockman, will be a debt ceiling crisis on or around March 15, 2017, which incidentally, just happens to be the same day that the Federal Reserve is supposed to hike interest rates:

In a typical month we have 250 to 300 billion in revenue coming in… that will easily cover the debt service…

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