Yellen kondigde een paar dagen geleden aan dat de VS (en daarmee de rest van het westen) een lange tijd van voorspoed tegemoet kan zien en dat een crisis zoals die in 2008 zich niet meer kan herhalen........ ha! ha! ha! ha! ha! ha! ha! Dit terwijl de VS in feite al lang failliet had moeten gaan, de geldpersen maken overuren en de staatsschuld is al bijna niet meer in cijfers uit te drukken.........
Paul stelt dan ook dat de geruststellende woorden van Yellen in feite een waarschuwing voor een komenden (enorme) crisis zijn........
Ook de banken hebben niets geleerd van de crisis, al moet ik zeggen, dat ze dit ook niet wilden. Obama heeft praktisch niets ondernomen om een crisis als in 2008 in de toekomst te voorkomen, precies als de voorganger van Yellen, grootoplichter Greenspan daar niets tegen heeft ondernomen........Ja men voerde wat schoonheidsregels door, die het volk in comateuze slaap moesten brengen (en dat is aardig gelukt!)...........
Ach, lees liever het volgende artikel van Paul, o.a. gepubliceerd op Anti-Media, een gedegen analyse van de stand van financiële VS zaken:
Ron Paul: Janet Yellen is a False Prophet of Prosperity
July
13, 2017 at 9:29 am
Written
by Ron
Paul
(RPI) Federal
Reserve Chair Janet Yellen recently predicted that, thanks to the
regulations implemented after the 2008 market meltdown, America would
not experience another economic crisis “in our lifetimes.”
Yellen’s statement should send shivers down our spines, as there
are few more reliable signals of an impending recession, or worse,
than when so-called “experts” proclaim that we are in an era of
unending prosperity.
For
instance, in the years leading up to the 2008 market meltdown,
then-Fed Chair Ben Bernanke repeatedly denied the existence of a
housing bubble. In February 2007, Bernanke not only denied that
“sluggishness” in the housing market would affect the general
economy, but predicted that the economy would expand in 2007 and
2008. Of course, instead of years of economic growth, 2007 and 2008
were marked by a market meltdown whose effects are still being felt.
Yellen’s
happy talk ignores a number of signs that the economy is on the verge
of another crisis. In recent months, the US has experienced a decline
in economic growth and the value of the dollar. The only economic
statistic showing a positive trend is the unemployment rate — and
that is only because the official unemployment rate does not count
those who have given up looking for work. The real unemployment rate
is at least 50 percent higher than the manipulated “official”
rate.
A
recent Treasury Department report’s called for rolling back of bank
regulations could further
destabilize
the economy. This seems counterintuitive, as rolling back regulations
usually contributes to economic growth. However, rolling back bank
regulations without ending subsidies like deposit insurance that
create a moral hazard that incentivizes banks to engage in risky
business practices could cause banks to resume the unsound lending
practices that were a major contributor to the growth, and collapse,
of the housing bubble.
The
US economy is already faced with several bubbles that could implode
at any time. These include bubbles in student loans and automobiles
sales, and even another housing bubble. The most dangerous of these
bubbles is the government bubble caused by excessive spending.
According to a 2016 study by the Mercatus Center, at least four
states could soon join Puerto Rico and Illinois in facing bankruptcy.
Of
course, the mother of all government bubbles is the federal spending
bubble. Despite claims of both defenders and critics of the
president’s budget, neither President Trump nor the Republican
Congress have any plans for, or interest in, reducing spending in any
area. Even the so-called cuts in Medicare and other entitlement
programs that have generated such hysterics are not real cuts, but
“reductions in the rate of growth.”
Some
fiscal conservatives are praising the administration’s proposal to
finance transportation spending via government bonds. However, the
people will eventually have to pay for these bonds either directly
through income taxes or indirectly through the inflation tax.
Government-issued bonds harm the economy by diverting investment
capital away from the private sector to the “mixed economy”
controlled by politicians, bureaucrats, and crony capitalists.
If
Congress continues to increase spending and the Federal Reserve
continues to facilitate that spending by monetizing the debt,
Americans will face an economic crisis more severe than the Great
Depression. The crisis will likely result from a rejection of the
dollar as the world’s reserve currency. Those of us who know the
truth must redouble our efforts to ensure a peaceful transition away
from the Keynesian system of welfare, warfare, and fiat currency to a
society of peace, prosperity, and liberty.
By Ron
Paul /
Republished with permission / RPI / Report
a typo
Zie ook: 'Ever More Official Lies From The US Government'
'A Bitcoin Bro Just Trolled the Sh*t out of the Federal Reserve on Live TV'
Zie ook: 'Ever More Official Lies From The US Government'
'A Bitcoin Bro Just Trolled the Sh*t out of the Federal Reserve on Live TV'
