Yellen: No Financial Crisis In Our Lifetime

07/02/201767 Comments

It's official, folks: You don't have to worry about a financial crisis ever again! Well, your children might, but you are in the clear!

How do I know this? Why, the Empress of the Economy herself, the venerable Janet Yellen, chair of the High and Mighty Federal Reserve Board of Governors, has dribbled this gem of wisdom from the heights of Mount Olympus onto our lowly heads:

"Will I say there will never, ever be another financial crisis? No, 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."

Thus spake Yellethustra.

So now, with that out of the way, it's time to party like it's 1999! You know, the height of the dotcom bubble, when everyone and their pet monkey was raking in the IPO dough and newly-minted NASDAQ millionaires were lighting their cigars with hundred dollar bills. And we all remember how well that party ended, don't we?

Oh. Right.

Join James for this week's editorial on Yellen's ridiculous "no more crashes" prediction. Also, stay tuned for recommended reading, viewing and listening and get your 25% discount on Corbett Report DVDs in this week's edition of The Corbett Report Subscriber.

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Comments (67)

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  1. themichiman says:

    Nice foresight and dot connecting.
    Hummmm it should be soon then. Nice to have good data to plan the plan B, C and D plans.

  2. dreadeutsch says:

    Maybe what she means is that all human life on earth is about be be annihilated due to nuclear war.

    • Pablo de Boer says:

      Yellethustra is an old aged financial witch, maybe she has no long to life anymore and thus she meant in her own lifetime

    • nosoapradio says:

      Yea, totally Dreudeutsch!

      That could very well be the dog-whistle coded message of this announcement…

      From Wiki:

      “…Dog-whistle politics is political messaging employing coded language that appears to mean one thing to the general population but has an additional, different or more specific resonance for a targeted subgroup. The phrase is often used as a pejorative because of the inherently deceptive nature of the practice and because the dog-whistle messages are frequently distasteful to the general populace. The analogy is to a dog whistle, whose high-frequency whistle is heard by dogs but inaudible to humans.
      The term can be distinguished from “code words” used in some specialist professions, in that dog-whistling is specific to the political realm. The messaging referred to as the dog-whistle has an understandable meaning for a general audience, rather than being incomprehensible…”

      Wonder what the dogs heard in this seemingly optimistic Yellen’?

  3. simpson says:

    Is that good for banks?

  4. Pablo de Boer says:

    Awesome article as usual señor James.
    Muchas gracias for sharing your knowledge and talent.

    Fed Audit Shocker: They Come from Planet Klepto
    https://www.youtube.com/watch?v=jt377DV2BKs

    Saludos y abrazos,

    “Pablo de Boer”

    • Pablo de Boer says:

      Watch this documentary and see how the DOJ (Department of Justice) collaborates with the banksters and lies against THE US Congress.

      Assistant attorney general Lanny Breuer of the DOJ and who prosecuted the bankster of HSBC is also a partner of the Law firm which defended HSBC

      All the Plenary’s Men
      https://www.youtube.com/watch?v=2gK3s5j7PgA

  5. Pablo de Boer says:

    The headquarter of The Bank for International Settlements aka the banksters in the capstone of the pyramid is settled in Basel – Switzerland aka Bankster’s Paradise. BIS is allowed and granted to work outside the Swiss law and that’s why they are legally inviolable.

    Agreement
    between the Swiss Federal Council
    and the Bank for International Settlements
    to determine the Bank’s legal status
    in Switzerland

    Article 3

    Inviolability

    1. The buildings or parts of buildings and surrounding land
    which, whoever may be the owner thereof, are used for the
    purposes of the Bank shall be inviolable. No agent of the
    Swiss public authorities may enter therein without the express
    Headquarters Agreement with Switzerland 37
    consent of the Bank. Only the President, the General
    Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability.

    2. The archives of the Bank and, in general, all documents
    and any data media belonging to the Bank or in its
    possession, shall be inviolable at all times and in all places.

    3. The Bank shall exercise supervision of and police power over its premises.

    Article 4
    Immunity from jurisdiction and execution 1. The Bank shall enjoy immunity from jurisdiction, save: (a) to the extent that such immunity is formally waived in individual cases by the President,2 the General Manager of the Bank, or their duly authorised representatives; (b) in civil or commercial suits, arising from banking or financial transactions, initiated by contractual counterparties of the Bank, except in those cases in which provision for arbitration has been or shall have been made; (c) in the case of any civil action against the Bank for damage caused by any vehicle belonging to or operated on behalf of the Bank. 2. Disputes arising in matters of employment relations between the Bank and its Officials or former Officials, or persons claiming through them, shall be settled by the Administrative Tribunal of the Bank. The Board of Directors of the Bank shall determine the constitution of the Administrative

    https://www.bis.org/about/headquart-en.pdf

    • Pablo de Boer says:

      B.I.S. – ex-Nazi bank now the world central bank
      https://www.bilderberg.org/bis.htm

    • mkey says:

      Brilliant.

      • Pablo de Boer says:

        Hola aloha amigo mkey

        Will the “financial healthy” banksters bailout the financial collapse and “bankruptcy” of the state of Illinois!!!!!!!!!!!!!

        Illinois financial COLLAPSE draws near
        https://www.youtube.com/watch?v=Po-a73drswk

        • Pablo de Boer says:

          “From Horrific To Catastrophic”: Court Ruling Sends Illinois Into Financial Abyss
          http://www.zerohedge.com/news/2017-07-01/horrific-catastrophic-court-ruling-send-illinois-financial-abyss

          • Pablo de Boer says:

            And even the gambling business in Illinois is being affected

            Powerball and Mega Millions Sales Suspended in Illinois in ‘Unprecedented Step’
            http://www.nbcnews.com/news/us-news/powerball-mega-millions-sales-suspended-illinois-unprecedented-step-n777771

            • Pablo de Boer says:

              And the sheeple people also didn’t learn anything from the 2008 financial crises

              U.S. households now have as much debt as they had in 2008
              http://www.marketwatch.com/story/us-households-will-soon-have-as-much-debt-as-they-had-in-2008-2017-04-03

              • Pablo de Boer says:

                And in another state of the US of A are also some financial problems with passing the Budget.

                Connecticut Gov. Signs Exec. Order Taking Over Spending After State Fails To Pass Budget
                http://www.zerohedge.com/news/2017-06-30/connecticut-gov-signs-emergency-spending-measure-lawmakers-fail-pass-budget

              • Pablo de Boer says:

                Debt levels now so great in the U.S. that both the Federal government and two states can’t pass budgets
                http://secretsofthefed.com/debt-levels-now-so-great-in-the-u-s-that-both-the-federal-government-and-two-states-cant-pass-budgets/

                But dear sheeple people don’t worry because the banksters are healthy due to your taxes and your government!!!

              • PeaceFroggs says:

                Hey Pablo,

                Curious, what do you care if the State of Illinois declares bankruptcy, you live Netherlands, no?

                Besides, you know the Feds will just print more $ and bail them out. So, why do you believe them when they say “Illinois financial COLLAPSE draws near”?

              • Pablo de Boer says:

                Hola aloha PeaceFroggs,

                I don’t care about banksters and politicians, but I care for my fellow humans even when they life in the State of Illinois.

                Maybe you are not aware of the fact that the globkaki and banksters ultimate goal is to create the New World Order just like señor James mentioned in his article and that will affect us all even you as socialist country boy…

                Saludos y abrazos,

                Pablo de Boer

              • Pablo de Boer says:

                A Global Central Bank, Global Currency & World Government

                © BY ANDREW MARSHALL

                Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250 billion into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.”
                http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

              • Pablo de Boer says:

                Rothschild Economist Magazine 1988 Cover Predicts Collapse And Global Currency In 2018 (Phoenix)
                https://www.youtube.com/watch?v=A8HmYsA1zS4

              • PeaceFroggs says:

                Hey Pablo,

                Oh, I don’t believe they’ll let Illinois got bankrupt. If it ever comes to that, the Fed will bail them out. They bail the entire US in 2008, remember.

                Everybody should strive to become as self sufficient as possible = country boy! Isn’t this what this site is all about?

              • PeaceFroggs says:

                Hey Pablo,

                Banksters ultimate goal is to create the New World Order??? You talking about the old New World Order? (ie Bretton Woods)

                Cuz the world has since moved on, and is currently in the process of establishing a “New” New World Order (International Order)

                It seems that Trump and his “Make America Great Again” slogan posse mob followers are the only ones trying to keep the USA hegemony (ie old new world order).

              • Pablo de Boer says:

                Dear PF

                Señor James on the NWO
                https://www.corbettreport.com/?s=NWO

                And it is the globkaki / deep state who decides and commands how Trump has to act and obey as their political puppet just like also happend with Obomba & Hitlary and each other president.

                Saludos y abrazos,

                Pablo de Boer

              • PeaceFroggs says:

                Pablo,

                The globkaki decides and commands how Trump acts and obeys as their political puppet???

                –Not sure about this one Pablo, Trump acts like a buffoon on twitter I’ll give you that, but if they control Trump then that would mean they also control Putin, meaning all this FBI/Russiagate, the firing of Comey, and impeachment talk is pure Theater, and I have a hard time believing that.

                To believe that, I’d have to also believe the JFK assassination was theater, the cold war was theater, the Vietnam War and the Nixon Watergate Impeachment were also theater.

                I know there is a hidden hand that wields power via the IMF and World Bank more than likely, however they don’t have complete control. Seems rather obvious to me that the Anglo-American empire (Brexit/Trump) have pivoted in order to keep their US dollar hegemony, meanwhile the rest of the world seems to be incrementally moving away from the US dollar.

                Call them the globkaki if you want, but there is obviously a schism happening here.

              • Pablo de Boer says:

                Hola aloha PF,

                When ignorance reins life is lost.

                Chaooooo,

                Pablo de Boer

              • PeaceFroggs says:

                Hey Pablo,

                You can Rage Against the Machine all you want, I’m not ignorant about it, I’m very much aware of what is going on, and like you, I too feel a need to share my beliefs with others, I’m just pragmatic about it, that’s all.

                History tells us “the machine” has been around for centuries. We can go as far back as the Roman Empire and then some, and then there was the French and British Empires etc… followed by the more recent/current American Empire.

                All I’m saying is that you can call it globkaki if you want to, it’s just that the countries of the world are transitioning towards a new international order. It appears however that the Anglo American Empire, at least under Trump and Brexit, aren’t about to give up their hegemonic reign without a fight anytime soon.

          • mkey says:

            I declare Illinois’ junk status to be null and void and upgrade it to triple-A-with-fucken-cream-on-top. Live long and prosper, Illinoisan lawmasters.

          • Pablo de Boer says:

            Hola aloha PF

            Señor James site is about how to become voluntarily independent of the state and global kakistocracy aka agorism. And as long the globkaki control and manipulate the world, I will share my knowledge and thoughts @ señor James webpage. Even with our fellow humans in the state of Illinois. But I’m not a collectivist, because that is The Wet Dream of the globkaki just like their NWO.

            Buenas noches y hasta mañana

            Pablo de Boer

        • mkey says:

          I’m pretty certain this fall you’ll be seeing in theater nearest to you “World economy kicks it Japan Style” with zombies, Godzilla and shit.

          http://imgur.com/a/fLmHU

          • Pablo de Boer says:

            Hola aloha mkey,

            The powers that shouldn’t be are really wicked and wacky. One of the latest covers of the economist reveals their sick minded thoughts just like your picture of black witch Yellen

            WOW! De-Coding Secrets Of The NEW (2017) Economist Magazine Cover
            https://www.youtube.com/watch?v=cFQg2c_dmrk

            • nosoapradio says:

              Hey Pablo,

              I confess I didn’t take the time to watch the video yet but my Monday morning flash impression looking at the tower:

              I see the BIS building, the tower of babel of multiple currencies (multiple languages) split into 2 victory signs, branches into dark clouds and dark clouds filling the tower… obscure cyber clouds managing the new cryptocurrencies…

              It evokes the Tower of Babel or the BIS tower with an electric bolt cracking it breaking into…victorious branches…with branching cables leading up to dark clouds…Electronic Crypto currencies leading us after the crash to communism and…crucifixion? Christ? Global religion? Global work and religion managed in the dark clouds…

              the door looks closed with a notice and a book seems to be falling from the tower

              maybe banks as we know it will close and all the books that registered the criminal transactions will fall in the rubble…like passports from the twin towers… so maybe as false evidence of corruption…

              ?

              hee hee. fun exercise…

  6. tessatulip says:

    You are so funny !~ anyhow…..a little off topic but what about this amazing new site by an equally amazing Lady….. Belinda Mckenzie, who has found a way of helping children in a legal way where sometimes it seems immpossible
    http://www.thechildrensparty.org.uk ….. a truly genius idea so please help and share she is so dedicated and true. Thank you so much

  7. PeaceFroggs says:

    The only ones that would precipitate nuclear war is the US of A, given that they are no longer the leaders of the “free world”, meaning the rest of the world has moved on and decided to trade amongst each other without using the US dollar (Bretton Woods) as the sole currency of trade, thereby creating a new international order, with or without the US.

    Only a lune like Trump, who wants to make “America Great again”, which is code for American dollar imperialism, would think and pushing nuclear war, in the hopes of somehow when the dust settles, it kept its dollar hegemony.

    As far as James’s “Yellen: No Financial Crisis In Our Lifetime” article…not sure what to make of it, other than financial crisis in the past were probably all artificially created to begin with, in order to consolidate power.

    So it doesn’t really matter to me what she says, since I’m just a country boy, therefore I could care less either way what the markets do.

  8. scpat says:

    I didn’t get one wiff of sarcasm from James in this editorial, not one.

  9. herrqlys says:

    PeaceFroggs: “…financial crisis in the past were probably all artificially created to begin with…”

    To get some sense how of financial crises can be both externally and internally formulated and enacted, with the express intent of political destabilization, the following video (español with English subtitles) is very instructive.

    Abby Martin interviews Ricardo Menendez, Venezuela’s Minister of Economic Planning (length 27:16):
    https://www.youtube.com/watch?v=rk1qlKu_RJo

    The prevailing scheme of things is economic sabotage, and the various ways it can be conducted. Once again the lame-stream Western media is complicit. And just like the Cuban embargo monstrosity that lasted 5 decades, this one is also run from Miami, with added impetus from local Venezuelan elites.

  10. HomeRemedySupply says:

    That ending Corbett line/link of “Just get your damn vaccines!” was a nice touch.

    I also enjoyed the article’s link to The Confiscation of Bank Deposits and The Derivative Debt: Ellen Brown on GRTV . https://www.youtube.com/watch?v=JzRREm2prdE
    Even though it was my second time to watch it, I got a lot out of it.

  11. Octium says:

    The scary thing is that I actually think she is telling the truth this time!

    Not long after the first dot com crash people were predicting dot com crash version 2.0.

    It never happened because those surviving dot com companies finally worked out a viable business model (selling our souls to big brother without telling us!!)

    A similar thing could happen this time. They can manipulate their funny money inside their computer systems for as long as they like creating artificial stability.

    The price we will have to pay for this stability?

    We will have to give up cash and any remaining privacy that we may have. Any chance for the poor to make an honest living or to improve their situation in life without being an agent for the dirty empire will go.

  12. Not Another Not-Bot! says:

    I can’t help but think of a doddering old grandmother when I see a photo of Yellen. This is not to say anything against doddering old grandmothers, but I wonder why one would be placed at the helm of such a strategic post, unless it was a purely ceremonial office, and the electors were aiming to present a picture of homely domestic harmony to a society, the basic constituent of which, the traditional family, the same electors do all in their power to destroy.

    In short, an odious aroma emanates from behind the seemingly doddering old lady, who is, it has to be said, not the brightest bulb in the house.

  13. Pablo de Boer says:

    This is also such a extremely amusing statement

    The US government’s $19 trillion debt isn’t a problem

    http://www.businessinsider.com/us-government-19-trillion-debt-not-a-problem-2016-4?international=true&r=US&IR=T

  14. Pablo de Boer says:

    EU approves bailout of BMPS, the world’s oldest bank
    4 July 2017

    The EU competition commission has approved a 5.4 billion euro bailout of Italy’s troubled Monte dei Paschi di Siena (BMPS), the world’s oldest bank, as part of a major overhaul.

    The decision, announced in a statement on Tuesday, comes days after Brussels accepted that Italy could inject up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks.
    https://www.thelocal.it/20170704/eu-approves-bailout-of-bmps-monte-paschi-siena-the-worlds-oldest-bank

  15. Pablo de Boer says:

    Spain Bank COLLAPSES! Bailout for Just €1 as EU Completely Falling Apart!
    https://www.youtube.com/watch?v=MO5LoTGn_mY

  16. Pablo de Boer says:

    MASSIVE Bail-In of Banco Popular In Spain! – This Is Just The Beginning!
    https://www.youtube.com/watch?v=W0pWJ0LCulw

  17. Pablo de Boer says:

    Yellen: No Financial Crisis In Our Lifetime

    but another financial witch says

    IMF’s Lagarde doesn’t rule out another global financial crisis
    https://www.rt.com/business/396102-lagarde-imf-global-crisis/

    Who is the liar????

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