David Stockman is no stranger to controversy. The vocal and unorthodox director of the Office of Management and Budget under Ronald Reagan is now concerned about what he argues is a coming economic apocalypse. Here, he lays out the doomsday scenarios involving entitlement spending, monetary policy, and more, and recommends gold as a way to benefit amid what he says will be a market collapse unlike any we have yet seen.
Octavian Report: Do you see there being any medium or long-term hope for entitlement reform? When does the U.S. deficit catastrophe come, and what are the triggers for it?
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David Stockman served as the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street.