Peter Krauth

How to Profit When the $217 Trillion Global Debt Bubble Bursts

While in London recently at an exchange with British Academy President Lord Nicholas Stern, Federal Reserve Chair Janet Yellen really let the cat out of the bag.

She told Stern that banks are now “very much stronger,” with another financial crisis like the one in 2008 unlikely to happen anytime soon, and not likely “in our lifetime.”

According to Yellen, the Fed has “learned” from the Great Recession of 2008 and is now more watchful over underlying risks in the financial system. She’s comfortable saying, “I think the system is much safer and much sounder.”

Well, isn’t that reassuring…