FYI. I am not sure if this is a legitimate warning or a come on to get readers to subscribe to a financial publication called Economy and Markets Daily. Whichever, I find nothing in the piece to disagree with and the warning is definitely legitimate.

"“It’s one of the scariest moments in our history,” warns Ronald Reagan’s former Budget Advisor, David Stockman, during a recent video interview that tackles concerns over the future of America’s economy.

“The only way to correct this is to let this bubble burst” adds Harry Dent, the famed Harvard economist.

Not missing a beat, Stockman adds, “No central bank has ever printed this much money this long, kept interest rates at zero, and fueled so much speculation . . . they’ve painted themselves in a corner, they’re playing it day by day, and they’re going to make a HUGE mistake!”

Stockman’s controversial statement is causing an uproar from Wall Street and politicians on both sides of the aisle.

Convinced that the entire “economic recovery” is fake . . . that it has merely been propped up by reckless money printing, interest rate cuts, and bailouts for Wall Street . . . Stockman is urging average Americans to prepare for an unstoppable economic collapse.

Stockman is calling the crisis “Sundown in America” as a contrast to the “Sunrise in America” that he and President Reagan built from 1981-1984.

Harry Dent’s concern is that the government’s unprecedented intervention through QE (Quantitative Easing) and other measures is creating the worst case scenario. Which is why his next words painfully hang in the air:

“The next crash is going to be worse than the last one.”

http://research.economyandmarkets.com/X195R363/ (emphasis in original)