Jason Burack is an investor, entrepreneur, financial historian & Austrian school Economist. Jason co-founded the startup investor education and financial education company Wall St for Main St.
In today's interview Jason talks about the head of the Fed, Janet Yellen. Her statement that we will not see another crisis in our lifetime is ridiculous. In the past we have had other Fed chairs says the same thing and the country ended up in either a depression or a recession.
The real economy is breaking down and the credit cycle is coming to an end. This means fewer loans, credit slow, businesses that use credit will have a difficult time getting credit so we might see shortages.
The economic system has been based on an illusion and that illusion is coming to an end and this is why Jason believes that Janet Yellen is getting ready to leave the Fed.