Noted hedge fund manager Stan Druckenmiller, 59, on Friday warned that the U.S. economy is headed for a “storm” that could prove to be far worse than the financial meltdown of 2008.

But first, if you’re not familiar with his name, here’s what you need to know: He’s one of the most respected and successful hedge fund managers in the past 30 years.

Obviously, you don’t achieve that type of success (or notoriety) on Wall Street by running your mouth. That being said, if Druckenmiller, a former partner of billionaire liberal philanthropist George Soros, is predicting serious economic trouble for the U.S., perhaps we should listen.

“I see a storm coming, maybe bigger than the storm we had in 2008, 2010. And really, the reason could happen without people looking as for a lot of similar reasons that we could get into,” he said during an interview with Bloomberg TV’s Stephanie Ruhle.

“But the basic the basic story is, the demographic bubble I was looking at way back in ’94 that started in 2011, we are right at the first ramp-up of this thing that is about to hit,” he added.

His comments were made during a larger discussion on the dangers Social Security, Medicare Medicaid, and unfunded liabilities as high as $211 trillion, pose to future generations.

“I think people like me and others need to speak out. It’s about the future, not about the present where the problem is,” he said.

“While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit,” he added. “I am not against seniors. What I am against is current seniors stealing from future seniors.”

Video: http://www.theblaze.com/stories/2013/03/01/wall-street-legend-warns...

However, if it’s any consolation, Druckenmiller isn’t totally without hope. Indeed, he actually thinks the U.S. has a chance of turning this ship around.

“With the proper education and with proper voices out there, we could have 40 million kids marching down to Washington,” he said.

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He is only telling us what we already knew.  The difference is that he reportedly has some expertise regarding financial matters.  Clearly, the current crop in Congress has none.

 “I am not against seniors. What I am against is current seniors stealing from future seniors.”

SAY WHAT!!  This senior, who still devotes 60 hours each week to being a productive citizen and has paid nearly $400,000 into Social Security over the past 50 years.....you gotta' problem with me?  Jerk.....

“With the proper education and with proper voices out there, we could have 40 million kids marching down to Washington,” he said.

You are about to see 40 million old geezers marching on Washington.....well armed!

Some may consider this joker a legend.  I consider him a dip&hit!

Oh yes, a storm is on the horizon.

;-)

 

“I am not against seniors. What I am against is current seniors stealing from future seniors.”"

...THIS IS truly an assinine statement ~ by someone who isn't really looking at, or for, the root cause...

 

 

...I AGREE totally that a "storm" is coming... but it's no longer "on the horizon," as some say, but, instead, the wind is already blowing hard, and the first raindrops are falling hard and cold...

...SO WHEN are folks gonna start talking about the REAL cause of our fiscal and political problems? Welfare and welfare recipients?? $1.03 trillion was spent on Welfare at the Federal level in 2012 (this number doesn't count what the States' pay)... THIS comprises nearly the total deficit in the deemed passed 2012 budget.

I agree Tom! The storm is here now.

Be sure you have cash at home, food storage, and all emergency (including medical) supplies.

I don't like the idea of this financial storm, Farrakhan's call for a gang banger army, and the Obamanation Dictatorship.  

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