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?
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.