Treasury Secretary Janet Yellen tells reporters the U.S. banking system remains sound, with strong capital and liquidity positions.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
#yahoofinance #finance #news #youtubeshorts #youtube #shorts
#shortsvideo #yellen #treasury #treasury #unitedstates #us #banking #banks #economy #updates #whatyouneedtoknow
Lies…
This what they been singing for decades; but it’s not the case anymore.Things are not looking good as she pretends.We can’t be fooled anymore
Body language saying one thing mouth saying the opposite
Ne söylüyor? no sıping ingiliş🙂
She says that the US economy is doing exceptionally well and the banking system is strong and resilient.
TIMBERRRRRRR
Gonna go down in history as one of the worst.
Has Janet ever been right? Sounds like her saying in late 2007 the housing market and banks were on solid footing not expecting problems in the mortgage markets. Incompetent nincompoop to the nth degree.
I don’t think so grandma 😅 numbers don’t approve that.
Bro she literally CANNOT come out there and actually tell the truth. People world panic, start withdrawing money, etc. So she has to come out and say this absolutel LOAD OF CRAP!
Does anyone still believe Yellen….lol lol
Regional banks have died and all banking has turned into four big SIB’s putting the entire system at greater risk, what are you even talking about
The 💵 Dollar is a legal unit of account having a fiscal/tax relation between the 🇺🇸 federal government as the issuer, and its users.
Demanding that 🇺🇸 federal 💸 taxes be paid only in 💵 Dollars, insures the validity of the 💵 Dollar as the means of exchange.
Unlike States and municipalities, only 🇺🇸 federal government created 💵 Dollars, not 🇺🇸 federal 💸 taxes, nor auctioned interest bearing 🏦 Treasury Securities, pays for entitlement/discretionary spending and interest on the debt.
The 🇺🇸 National Debt is the amount of interest bearing 🏦 Treasury Securities that the 🏦 Federal Reserve has exchanged for excess 💵 Dollars circulating in the economy. Essentially having transferred excess 🪙 change from checking to savings.
The 🇺🇸 National Deficit is when the total amount of 💵 Dollars created into the economy by the 🇺🇸 federal government, exceeds the total 🇺🇸 federal revenues 💸 taxed.
Eliminating excess concentrations of 💵 Dollars through 🇺🇸 federal capital gains, dividend, interest, corporate, estate and inheritance 💸 taxes are essential for restraining excess concentrations of private power.
Inflation is a devaluation of the 💵 Dollar throughout the economy due to a shortage of resources and/or productive capacity.
Hyperinflation is a catastrophic devaluation of the 💵 Dollar throughout the economy due to a collapse in resources and/or productive capacity.
Recessions are cyclical decelerations of the 💵 Dollars throughout the economy that in time cause corresponding declines in economic activity.
Stagflation is a devaluation of the 💵 Dollar compounded by a decline in economic activity throughout the economy due to the scarcity of an essential resource.
Deflation is a revaluation of the 💵 Dollar compounded by a decline in economic activity throughout the economy due to an escalation in excess inventory.
A Depression occurs when the 🇺🇸 federal government runs a surplus that 💸 taxes out the 💵 Dollars essential for the functioning of the economy, causing a collapse in economic activity and an unsustainable escalation in private debt.
The Mummy returns
One does not destroy trust in a fiat currency system without consequences ensuing.
If just 10% understood what we are on the precipice of panic would be the word of the day. So they lie…..some of us KNOW they lie…..they know WE know they lie. But still they lie. She HAS to lie. Because otherwise we get Weimar Republic style inflation. How long can they extend and pretend? 🤔
They need to get the international situation under control. If you don’t know what I’m talking about count yourself as part of the 90%. Transgender Beer is not what we should be focusing on.