say that there is one thing that the last 3 generations of fed chairs have done we're talking greenspan bernanke and yellen it is that they have allowed themselves to be bullied pushed into a corner and do they have a fiscal lifting when it really is not their place to do so this is the time for jay powell to say the federal reserve is happy to coordinate with any entity in washington to help facilitate and you've got any type of policies that are going to provide relief but our direct toolbox is not efficacious it does not work in a domain what is going to be harming the u.s. economy very quickly will have about 30 seconds left but to that point how dangerous is this dependency on the food as you mentioned a lot of things that christine mentioned or outside the purview of the fed but the fit is been operating somewhat outside of its purview for some time now it seems like at some point we either have to cut some dependency on them or we have to allow them to take on more of a role i mean i would never want to see them take on more of a role but it seems like we have to go one way or the other l

when he and he was the architects of this enormous bomb bubble and robert rubin and alan greenspan and ben bernanke and janet yellen who said she doesn't expect another financial crisis in her lifetime and these are the the happy talk propagandist for the bond dealers like goldman sachs and citibank and the others who have put this false sense of security as if interest rates could go forever negative at best to say that we would go backwards in time. forever because but the bottom line is that now time has value as it should the yield curve will get normal but not after. or will see which countries can survive the bomb crash foreign countries particularly in asia who've been the victim of america's bomb bubble are resilient and they're already coming out of the cold with crisis because they've built up resiliency the u.s. has no resiliency goldman sachs is expecting the economy and the united states to decline by 24 percent in the 2nd quarter whether or not you know we'll see civil disorder because of that i know in our in terms of our just in time neal liberal sort of a con a me there are i notic

after the crash of $87.00 the introduced what became known as the greenspan put that was replaced by the bernanke you put replaced by the janet yellen put and now we have a jerome powell play it this is the idea that no craft is too great that the central bank can't bail everybody out by cheapening money however jerome powell the current fed chairman cut rates by a full point 100 basis points a shockingly big. cut in rates and the response this time was a resound fudge markets crashing down that is this may van this i began at the central bank can make all problems go away are we assessed finished now the era of the central bank put greg reminds me of 20089 you recall how coming out of the financial crisis all of the cash that the central banks and credit all the extraordinary measures they took didn't seem to have an immediate impact during the crisis middle man once there was those purse proverbial green shoots that were shoot up in 2009 and i mean there was no looking back after that especially even in the precious metals same thing may happen here we get this virus under control you know what

comparison because it reminds me back in 2008 speech made by ben bernanke who was then running the federal reserve he was a successor to alan greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didn't have back in 1929 they have the printing press and this began a continuation of what alan greenspan did in the 1987 crash was to print their way out of all problems and the idea was that oh we can stop printing at any time and this is all been proven to be false you can't taper a ponzi scheme furthermore they claim to be fighting deflation by all this printing and yet what they created was deflation and deflation in the sense that what we're seeing now markets are collapsing and the dollar is rallying that's a hallmark of deflation why was it why is it what why did this happen because of money printing because the money printing gave a lot of cash to the worst actors. the economy the banks pushed out all productive economy and we end up now with an official post-mortem to what started in 20082008 was the global financial crisis this is part 2 and this is the death yo

comparison because it reminds me back in 2008 speech made by ben bernanke who was then running the federal reserve he was a successor to alan greenspan and he was doing this great lecture about how they cure the crisis of 2008 because they have something that they didn't have back in 1929 they have the printing press and this began a continuation of what alan greenspan did in the 1987 crash was to print their way out of all problems and the idea was that oh we can stop printing at any time and this is all been proven to be false you can't taper a ponzi scheme furthermore they claim to be fighting deflation by all this printing and yet what they created was deflation and deflation in the sense that what we're seeing now markets are collapsing and the dollar is rallying that's a hallmark of deflation why was it why is it what why did this happen because of money printing because the money printing gave a lot of cash to the worst actors. in the economy banks pushed out of all productive economy and we end up now with an official post-mortem to what started in 20082008 was the global financial crisis this is part 2 and this is the death