Global Economy CRASHING Following Janet Yellen's Delusional Comments
In this video, I sit down with author and economic analyst John Sneisen to talk about Federal Reserve Chairwoman Janet Yellen's recent delusional comment that she does not think there will be another financial crisis in our lifetime. Immediately following these comments, she ended up in hospital with a urinary tract infection which is known to cause severe delusions among elderly women. It can even lead to hallucination.
This is reminiscent of Ben Bernanke, the FORMER chairman of the Federal Reserve claiming in 2007 that there will not be a crisis. That faulty prediction didn't last long...
John goes into many of the global monetary instabilities as two more Italian banks get bailed out, 80,000 Italians apply for just 30 bank jobs and the Swiss National Bank owning $80 billion in US stocks.
On top of this, the U.S. M2 velocity is at an all time low. This as interest rates sit around 1%.
The vast manipulation of the monetary system alongside the markets is a recipe for disaster and we're already seeing this disaster elapse.
All fiat currencies eventually revert to their intrinsic value of zero. They always have and they always will. This fiat currency is printed out of thin air, devaluing the currency, causing debt and inflation. The vast populace is enslaved by debt and so many think the solution is more regulations and taxes. This Hegelian problem will continue to destroy the remnants of a free society.
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Thanks for sharing!
Silver is under 16 again
What do you think about when she spoke of Banks having enough liquidity for panic withdrawals over a thirty day period?
Do you think the banks are preparing to create hyper inflation?
3:10 - refers to cryptocurrency
Well, if all fiat is going to zero, due to excessive money printing, then won't it make sense for everyone to load up on debt? I guess the strategy here will be to take on tons of debt and invest in cryptocurrency. I'm not an investment advisor so take my advice with a grain of salt. :)
If it does crash i wounder if cryptocurrency will be effected in an extreme negative or will it become the new standard. Follow and upvote
This is why I've been promoting cryptocurrency since 2012.
Although, it took me a while to actually start building my life and future on the cryptocurrency phenomenon, I was promoting articles about Bitcoin, and followed its development since its infancy, because I knew that we needed to start looking for a new system to replace the Rothschild's Federal Reserve scam system.
We have to prepare an alternative monetary system to rely on when this Rothschild monetary system will collapse, which is a good thing. First to note is that we've learned that a the Rothschild monetary system (the World Central Banking system) is a centralized system, and we already knew that it isn't what's good for a globalizing world. We already know and understand that part. Second, if cryptocurrency can be managed independently by the people, like the Bitcoin creator intended it to be, then this will be the best thing that will ever happen to mankind's history.
I believe that cryptocurrency is going to become the future of money and that it will one day replace the fiat system as the dominant player of world currencies. In fact, not a dominant player, but a common player as most nations will be relying on the crypto concept, maybe even with their own versions. Yes, cryptocurrency will become the wold currency system, but not just yet. We still need the fiat currency infrastructure to function as a bridge for this still developing crypto phenomenon to solve its problems out as it is still in its infancy state.
Good luck, and may God bless humanity's future through the transparent cryptocurrency system and the silk road.
I agree and have said multiple times that the dollar is just like.crypto made out of thin air, it's value is based on what people believe it to be.
But right now the market is decideing its value, not being manipulated like Gold And Silver.
Janet of s delusional and sounds just like Ben right before SHTF.
Something bad is around the corner, now is your chance to try to get prepared.
But my strong belief is that governments will, and must return to a monetary system backed by something other than Debt.
A monetary reset, bank holidays???
As we all see especially China is hoarding Gold and Silver, bankers are getting in on it, tells me that we should be thinking the same way, I am a strong believer of buying physical Gold or Silver, especially at these low prices. Governments and the bankers know crypto is here to stay, I believe they will create a crypto backed by Gold and Silver.
Something you can trade for and receive an actual piece of Gold or Silver billion if you wanted.
expecting all fiat currency to be zero is a bit drastic.
She's like a female Woody Allen rambling incoherently with financial terms. A perfect stooge if ever there was one.
Gag order comes to mind lol
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Global Economy might crash, but it won't be that bad, people will just move on to crupto, and it will be a win win it most of em come to steem