Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"

[anaconda]

Schiff has been calling for another crisis every year since 2008. Will we see another recession in our lifetime? Pretty much guarantee it. Will it be a crisis on the scope of the Great Depression or the Great Recession? Could happen but such major events tend to be farther apart.

Schiff has a mental block on bitcoin which sort of baffles me.

 

[anaconda]

Well, Peter Schiff has called twenty two of the last two recessions.

Isn't that mathematically impossible?

 

[anaconda]

Schiff has been calling for another crisis every year since 2008. Will we see another recession in our lifetime? Pretty much guarantee it. Will it be a crisis on the scope of the Great Depression or the Great Recession? Could happen but such major events tend to be farther apart.

I don't think we have a statistically valid sample size of such events to predict their timing. Yet, we can hypothesize a number of conditions that might likely result in a crisis. Both Ron Paul and Peter Schiff were pretty out front and thorough in their analysis of the factors that existed in the lead up to the 2008 melt down, and how it would unfold.

 

[Dr.No.]

I don't think we have a statistically valid sample size of such events to predict their timing. Yet, we can hypothesize a number of conditions that might likely result in a crisis. Both Ron Paul and Peter Schiff were pretty out front and thorough in their analysis of the factors that existed in the lead up to the 2008 melt down, and how it would unfold.

Ron Paul, Paul Schiff, Peter Schiff, and people like them have been preaching doom and gloom forever. Plus, there are their ideological biases. They call 20% of the reason why a recession will happen, and when it does, claim that the 20% was the 100%.

 

[timosman]

 

[TheTexan]

Yellen's pretty smart tho... she went to both Brown, and Yale

 

[Zippyjuan]

I don't think we have a statistically valid sample size of such events to predict their timing. Yet, we can hypothesize a number of conditions that might likely result in a crisis. Both Ron Paul and Peter Schiff were pretty out front and thorough in their analysis of the factors that existed in the lead up to the 2008 melt down, and how it would unfold.

Since then he has predicted $5000 an ounce gold, hyperinflation, and a new recession even worse than the Great Recession. If you always say something bad will happen, eventually you will be right.

 

[timosman]

Since then he has predicted $5000 an ounce gold, hyperinflation, and a new recession even worse than the Great Recession. If you always say something bad will happen, eventually you will be right.

You are so right Zippy. Let's gather together and cheer. This will keep the evil away.

 

[devil21]

Since then he has predicted $5000 an ounce gold, hyperinflation, and a new recession even worse than the Great Recession. If you always say something bad will happen, eventually you will be right.

That's what is funny about economics.

-Gold is $5000/oz if that is the value at which the buyer/seller/owner values it. According to usdebtclock.org, physical gold is $6748/oz value.

-Monetary hyperinflation has already occurred. When CBs are buying up bonds and stocks and literally holding the economy together with created money on demand, it means the money already has been hyperinflated. It hasn't blown up into price inflation because the created money isn't being released en masse into Main St. Wall St keeps getting richer, while Main St keeps getting poorer. Hyperinflation is a monetary function. Price hyperinflation is the symptom of it.

-If you don't think there are many places on the American land mass that are experiencing Great Depression-like conditions or worse, you should grab a British Airways flight out to rural (even semi-rural) Oregon, Kentucky, Indiana or Pennsylvania. Maybe swing by southside Chicago for a few days before heading back home.

 

[Zippyjuan]

The money supply hasn't hyperinflated either. Hyperinflation is growing by something like 30% a month.

 

[oyarde]

Yellen's pretty smart tho... she went to both Brown, and Yale

Ted Bundy went to University of Puget Sound , University of Washington , Temple and University of Washington again , was at the '68 convention in Miami as a Rockefeller delegate and in '71 worked a suicide hotline crisis center in Seattle . Everybody said he was smart too . Graduated from HS in '65 and finally got a degree in '72 .

 

[TheTexan]

Ted Bundy went to University of Puget Sound , University of Washington , Temple and University of Washington again , was at the '68 convention in Miami as a Rockefeller delegate and in '71 worked a suicide hotline crisis center in Seattle . Everybody said he was smart too . Graduated from HS in '65 and finally got a degree in '72 .

Those don't seem like very smart universities.

 

[oyarde]

Those don't seem like very smart universities.

When I was in Tacoma I went to the University of Lucky Lager .

 

[Danke]

When I was in Tacoma I went to the University of Lucky Lager .

They should have their liquor license revoked for serving an Injun.

 

[oyarde]

They should have their liquor license revoked for serving an Injun.

The girls at the counter could not resist the handsome Chief . Pretty sure at least the last 3 head of the Fed would not get served at my bar if I still had it .

 

[Seraphim]

Yellen's statement was a dog whistle to the "elite". The crash is right around the corner. The NASDAQ has already started rolling over.

"Subprime is contained" moment.

Seriously, get your ducks in order. This one will be an order of magnitude worse than '08 and I'm nearly 100% certain we're in the beginning stage of the market rolling over. By October, "Craziness" might be an understatement.

 

[loveshiscountry]

We should listen to Janet "I didn't see the crisis coming Yellen"?

 

[timosman]

We should listen to Janet "I didn't see the crisis coming Yellen"?

https://finance.yahoo.com/news/yellen-didnt-see-financial-crisis-173517050.html

 

[NorthCarolinaLiberty]

Ron Paul, Paul Schiff, Peter Schiff, and people like them have been preaching doom and gloom forever.

Ron Paul preaches doom and gloom? Really? Please cite.

Also, liberals preach just as much gloom as anyone. That is why they constantly seek more statutory code for so many things.

 

[AZJoe]

Ron Paul, Paul Schiff, Peter Schiff, and people like them have been preaching doom and gloom forever..

liberals preach just as much gloom as anyone. That is why they constantly seek more statutory code for so many things.

Exactly! Dr. No has it completely backwards. It is the statist that are constantly preaching doom and gloom. We must have the Fed in control or else the sky will fall. We need these "regulations", licenses, government control, federal reserve, manipulation of currency and interest, bailouts, currency monopoly, taxation, reportings, fines , restrictions on cash, transfers, etc or else the sky will fall. Free competition in currency? Oh no the sky will fall. Always these things are necessary or else all sorts of imaginary horribles would destroy the world.

It is the Dr. Pauls, and Peter Schiffs, that expose how much goodness and prosperity is possible; that open peoples' eyes to what is actually possible; that, contrary to statist' gloom and doom preachings, without the heavy hand of government domination and manipulation we would reap exponentially greater possibilities of abundance, prosperity, innovation, choices, opportunity, health, freedom, progress, alternatives, charity, benevolence, productivity, ...