UH-OH: STOCKMAN: ".. the world economy ... is heading into ... an epochal deflation to the likes of what we have never experienced in modern times"

"The larger picture has nothing to do with the jobs report [Friday] or even the September decision by the Fed," said Stockman. "It has to do with the the fact that the world economy, including the U.S., is heading into what is clearly going to be an epochal deflation to the likes of what we have never experienced in modern times." 

According to Stockman, it's only a matter of time before the collapse in China trickles down to other markets. "The whole global economy since 2008 has been driven forward by this massive investment and construction and borrowing spree in China," said Stockman. "The point that I'm making is that it's over." 

For Stockman, there's no reversing the artificially inflated bubbles created by the Federal Reserve. "I think what we are seeing is the beginning evidence that the central bank-driven credit economy is over and we are in a new era," said Stockman. "It's a huge disaster waiting to happen."

SIGH...

IT'S A PERFECT STORM:

UNSUSTAINABLE GLOBAL SOVEREIGN DEBT, GLOBAL JIHAD, AND A SOCIALIST TRAITOR IN THE WHITE HOUSE....