Stockman: Get Out Of All Financial Markets – Massive Losses Coming

We are near the top of the ‘everything’ bubble – the most extreme, exaggerated, severe financial bubble in world history. It will inevitably collapse, and there will be massive losses, even greater than occurred in 2008 and 2001.

It’s clear the Fed’s money printing is about to go into overdrive. The Fed has already pumped enormous distortions into the economy…The next round of money printing is likely to bring the situation to a breaking point.

When the big correction comes, there are going to be massive losses, and the panic will be great. All correlations will go to one, and everything—good, bad, indifferent—will fall. #munKNEE/Money!

You can’t be saved by picking high-yielding stocks or conservative blue chips or stocks that provide daily necessities like food—it won’t matter. Everything’s overpriced right now because of this huge financial distortion.

The time for speculation is over. We’ve had 30 years of central bank subsidized speculation. We’re going to go into the time and era for capital preservation, and that means the highest priority is to not lose money.

We’re on the cusp of a global economic crisis that could eclipse anything we’ve seen before. That’s precisely why bestselling author and legendary speculator Doug Casey just released this urgent video. Click here to watch it now.

We’re in a demographic and fiscal dead end. It’s a very dangerous prospect and one with no obvious answer on how to escape. The first thing to do is to stay out of the financial market—stocks, bonds, and everything else.

The above post is an edited and abridged synopsis of an article by David Stockman as taken from a post on bmg.com and has been further edited ([ [) and abridged (…) by Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money – for the sake of clarity, and brevity to provide a fast and easy read.

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(The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)