‘Why won’t the American people listen to the warnings? David Stockman was a member of the U.S. House of Representatives from 1977 to 1981, and he served as the Director of the Office of Management and Budget under President Ronald Reagan from 1981 to 1985. These days, he is running a website called ‘Contra Corner’ which I highly recommend that you check out. Stockman believes that a global ‘debt super-cycle’ that has been building for decades is now bursting, and he is convinced that the consequences for the U.S. and for the rest of the planet will be absolutely catastrophic.’

Read more: Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead