원문 보기
so well all of last year's the government printed trillions of new dollars our treasury secretary janet yellen used to run the fed and is therefore responsible for inflation assured us no this is not going to cause inflation watch we've had several months of high inflation that um most economists including me believe will be transitory i personally believe that this represents transitory factors are higher prices here to stay i believe it's transitory but i don't mean to suggest that these pressures will disappear in the next month or two it is important that we monitor it carefully but i believe fundamentally you know that this is something that will settle down transitory transit takes a lot of brass for jenny ellen to describe herself as an economist not an economist she's a ridiculous figure who does not get the credit she deserves for screwing up in a very serious way the u.s economy well this week finally in the face of overwhelming evidence she had to admit she was wrong you can't deny it anymore the economy is in serious trouble the head of j.p morgan chase that would be jamie dimon just told investors that an economic hurricane is on the way watch this i said there's storm clouds they're big storm clouds they're it's a hurricane it's we right now it's kind of sunny things are doing fine you know everyone thinks that the fed can handle this that hurricane is right out there down the road coming our way peter schiff is an actual economist of europe pacific capital he joins us tonight peter thanks so much for coming on do you jamie dimon is a pretty understated guy most of the time hurricane do you agree with that well i do except i think it's going to be a category 5 hurricane so i think he's sugar coating it a bit oh and what if if you were in charge if you were janet yellen you were the treasury secretary what would you do to avert it or lessen its effects right now well unfortunately there's no way to avert it i mean but what we have to do is deal with it in a responsible way something that janet yellen has never been a part of you know she's you know complaining about inflation but she helped create the inflation when she was chair of the federal reserve she kept interest rates at zero for half of her term and then when she finally started to raise them it took her two years to get to one and a quarter and then if you go back to her tenure as the the president of the federal reserve bank of san francisco she was there during the housing bubble and the financial crisis and at the peak of the housing bubble she assured the nation in several speakers speeches that there was no housing bubble and then she went on to say even if there was a bubble if she was wrong and it popped it would do no damage to the u.s economy so she was uncompetent incompetent at the fed and she's still incompetent as secretary of the treasury well yeah i mean that was demonstrable this was the most shocking from my perspective the most shocking appointment that joe biden made how in the world could he have appointed janet yellen of all people on planet earth treasury secretary how did that happen well you know it's all politics but you know had he not appointed her you might have appointed somebody equally bad i mean there's so many bad people to choose from because they pick these people for political reasons it's not because they actually know anything about the economy biden wants somebody who's going to validate his political agenda even if that political agenda is detrimental to the economic health of the united states that is all i wish i could say that's not true but it's so clearly true peter schiff i appreciate your perspective thank you very much you
Comments 0