Yellen actually believes the FED can create Prosperity & Jobs

She actually believes the Federal Reserve can create prosperity, can create jobs and economic growth by creating inflation, by printing more money and that is what she is going to do.

And because it`s not going to work, because it`s going to make the economy worse, not better, she is going to do more and more of it until ultimately there is a currency crisis and the dollar collapses bringing an end to the madness.

 

Janet Yellen

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.