"I can reassure the members of the committee that our banking system is sound, and that Americans can feel confident that their deposits will be there when they need them." - Janet Yellen
When this incompetent old fool says this, I immediately assume the worst. After all, she repeatedly told us that inflation was "transitory", even as our cost of living skyrocketed. Much the same as public "health" officials these days, whatever is said, expect the exact opposite to be true and act accordingly.
Hopefully people here have been investing in long-term supplies, precious metal (lead), and stuff that will be good for bartering. When the economy collapses and cash is worthless, food and other useful items will be king.
"I can reassure the members of the committee that our banking system is sound, and that Americans can feel confident that their deposits will be there when they need them." - Janet Yellen
When this incompetent old fool says this, I immediately assume the worst. After all, she repeatedly told us that inflation was "transitory", even as our cost of living skyrocketed. Much the same as public "health" officials these days, whatever is said, expect the exact opposite to be true and act accordingly.
Hopefully people here have been investing in long-term supplies, precious metal (lead), and stuff that will be good for bartering. When the economy collapses and cash is worthless, food and other useful items will be king.
The only thing that could make me more nervous than Janet Yellen saying everything is fine, is when the BBC does so: https://www.bbc.com/news/business-64973321
Then I know the banking system is in deep doo-doo!
Bruce