Eric King:  “If the fighting continues in Ukraine, is it just going to continue to be a stalemate over there?”

Stockman:  “It could well devolve into a full-fledged civil war, and that would be really unfortunate for the people. ... That is the result of the constitutional and political crisis that was provoked last November and December, not by Putin and the Russians, but by the (U.S.) State Department and the CIA and the so-called non-governmental organizations that are swarming all over eastern Europe trying to stir up trouble....

Continue reading the David Stockman interview below...  


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“... It’s an indication that what I call the military-industrial complex, this warfare state with all the spy agencies and this massive war machine that we have, is a dangerous thing to keep in being.  We don’t need it.  It should be demobilized.  It should be dramatically reduced so that the people who operate it aren’t tempted to start stirring up trouble.”

Eric King:  “(Earlier) you brought up the world financial system, David.  How much longer can this financial system last?”

Stockman:  “You have a system where the central banks have created an extremely unstable and dangerous financial system worldwide that is riddled with ticking time bombs.  We don’t have honest money and capital markets anymore.  Price discovery was busted by the Fed, the ECB, the Bank of Japan, and the rest of them a long time ago.

What we have now is a hothouse financial zoo, the inmates of which have been house-trained year-after-year like so many orangutans to buy the dips.  And they’ve bought the dips over and over and over.  In fact, for the last 63 months they’ve been buying the dips, since March 2009.  It has become an ingrained, automated habit.

If you look at the chart of the S&P 500 or any of the other major indices, you see the central bank manipulation at work, not the free market. ... As a result of that, one of these days there is going to be a significant catalyst that causes the market to fall, and there will be a dip that won’t be bottom-planked by the Fed or other central banks because they are out of ammunition or they’ve concluded that it can’t be done any longer.  And then I think panic will set in.”

Stockman added:  “The beauty of free markets is you get hundreds of thousands if not millions of people looking at the information, voting by buying and selling and taking risks or not taking risks, and the market result is the outcome of all of those opinions being constantly reassessed.

But when you get a market that is entirely medicated and driven by 12 people (at the Fed) who don’t know what they are doing, you have the totally opposite situation.  You have one of the most dangerous financial conditions that’s ever been experienced or even imagined by madmen a few years ago.”

IMPORTANT - This is only a small portion of what Stockman had to say in his extraordinary audio interview.  The KWN audio interview with David Stockman discussing the Ukraine crisis, financial instability, gold, the end game and much more is available now and you can listen to it by CLICKING HERE.   

David A. Stockman: Former Dir. of the US Office of Management and Budget, Economic Policy Maker, Politician, Financier & Acclaimed Author of New York Times best-seller, “The Great Deformation: The Corruption of Capitalism in America. To order from Amazon CLICK HERE.

© 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

IMPORTANT - KWN will be releasing many more interviews today.

The audio interviews with David Stockman, Bill Fleckenstein, MEP Nigel Farage, Michael Pento, Dr. Paul Craig Roberts, Gerald Celente, John Mauldin, Eric Sprott, James Dines, Andrew Maguire, Art Cashin and Dr. Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.

Eric King

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