Janet Yellen Exposed – Truth Behind the Myth (Video)
In a new video blog post, Peter Schiff expands at length upon Janet Yellen’s lousy record as an economist. While the media claims that Yellen warned of the housing bubble as early as 2005, Peter reveals that this is a complete whitewash of the truth. Looking directly at Yellen’s own words, he demonstrates that Obama’s nominee for Fed Chairman is likely to bring only more stimulus and inflation while doing nothing to prepare for the real crash.
Janet Yellen is just as clueless as everybody else. In fact, she admitted as much herself. In 2010, when she was testifying before the financial crisis enquiry commission… [Quoting Yellen] ‘I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the SIV’s – I didn’t see any of that coming until it happened.'”
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