Hedge fund icon Stanley Druckenmiller sat down for a rare one-on-one interview with Bloomberg Television’s Stephanie Ruhle, saying that he’s decided to speak out now because he sees
“a storm coming, maybe bigger than the storm we had in 2008, 2010.”
Druckenmiller said that the mushrooming costs of Social Security, Medicare and Medicaid, with unfunded liabilities as high as $211 trillion, will bankrupt the nation’s youth an pose a much greater danger than the debt currently being debated in Congress. Stanley goes onto say…
“While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit…I am not against seniors. What I am against is current seniors stealing from future seniors.” video/transcript below the fold..