Thursday, July 27, 2017

Gold, Banking Collapse, Cryptocurrencies

"We believe the effect of the troubles in the subprime sector on the broader housing market will be limited and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system," 

- Fed Chairman, Ben Beranke - May 17, 2007. 

"You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be." 

- Fed "Chairman," Janet Yellen - June 27, 2017