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.