Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent moves by the Federal Reserve to desperately prop up the US economy as it reaches its inevitable end.
Janet Yellen, former chair of the Fed said recently that it’s very likely that the Fed has made its last interest rate hike of this cycle. Interestingly, in 2017 she claimed we wouldn’t see another financial crisis in our lifetime and then followed that up in 2018 by saying we may be able to see another financial crisis. Now it appears she’s just covering herself for the inevitable crash of the USD as it loses faith and countries around the world swap out of it.
Team this with the inverting yield curve, the everything bubble world wide, the bankrupt banking system and more, it looks like we are seeing the beginning signs of the greatest crash in world history as the dominoes start to fall.
Jerome Powell has also been all over the map and the Federal Reserve is showing obvious signs of desperation. It’s only a matter of time. The longer it’s put off, the worse it will be. All fiat currencies eventually fail. They always have, they always will.
What we can do is simply decentralize everything, be self sustainable, financially responsible. We need to be educated and we need to rule ourselves!