fake economy sustain long feed control exclaim david stockman perhaps best know architecting reagan economic turnaround know morning america add people want hear reality truth face well one scary moments think history also need recognize uncharted water central bank ever print much money long keep interest rat zero fuel much speculation worldwide.-david stockmanfor six years world operate complete delusion central bank somehow fix 2008 crisis.all arguments claim defy common sense 5th grader would tell solve debt problem issue debt chart problem 2008 way things good add another 10 trillion debt us system.similarly anyone function brain could tell bunch academics real-world experience none ever start business create single job save economy.however awful lot money stake believe lie media bank politicians happy promote indeed one could easily argue nearly wealth power hold top economy stem fiction.so little surprise one would admit facts feed central bank clue fix problem actually almost incentive so.so facts:1 real problem financial system bond bubble 2008 crisis hit 80 trillion since grow 100 trillion.2 derivatives market use bond bubble collateral 555 trillion size.3 many large multinational corporations sovereign governments even municipalities use derivatives fake earn hide debt one know degree case give 20 corporate cfos admit fake earn past likely significant amount.4 corporations today leverage 2007. stanley druckenmiller note recently 2007 corporate bond 3.5 trillion today trillion amount equal nearly 50 us gdp.5 central bank leverage level great equal lehman brothers implode feed leverage 78 1. ecb leverage 26 1. lehman brothers leverage 30 1.6 central bank idea exit strategies feed minutes release 2009 show janet yellen worry exit feed balance sheet 1.3 trillion back 2009 today 4.5 trillion.we head crisis exponentially bad 2008. global central bank literally bet financial system theories work t. do set stage even bad crisis entire countries go bankrupt.the situation clear 2008 crisis warm next crisis real crisis crisis central bank fail via zero hedgedavid stockman well one scary moments think history also need recognize uncharted water central bank ever print much money long keep interest rat zero fuel much speculation worldwide normal stock bond whole shale boom instance unite state massively fund cheap debt base oil price sustainable come unwind never deficits ten percent gdp back back even still four five percent four five years recovery.we runaway budget population get old old 10,000 people retire every day nothing do social security fester time bomb sure explode know sustainable wall street addict pure overnight gamble trade speculation ultra short run drive robo traders so-called hft money like never unstable see things happen like overnight 40 percent gain swiss franc swiss national bank pull pay.forty percent overnight overnight couple minutes second hundreds billions short position swiss franc things never exist simultaneously unite state worldwide central bank reach point unsustainable things go give break good thing go disaster financial market view less kind great depression impact main street difficult main street wall street gun sit disaster come buckle 2008 warm-up …facts show real financial crisis come