Is The U.S. Headed For A Recession? Sec. Janet Yellen Gives Her Outlook

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Secretary of the Treasury Janet Yellen makes her first visit to The Late Show to talk with Stephen about the pandemic’s effect on the economy and whether or not the U.S. is headed for a recession. Stick around for another segment with Secretary Yellen! #Colbert #SecretaryYellen #JanetYellen
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The Late Show with Stephen Colbert is the premier late night talk show on CBS, airing at 11:35pm EST, streaming online via Paramount+, and delivered to the International Space Station on a USB drive taped to a weather balloon. Every night, viewers can expect: Comedy, humor, funny moments, witty interviews, celebrities, famous people, movie stars, bits, humorous celebrities doing bits, funny celebs, big group photos of every star from Hollywood, even the reclusive ones, plus also jokes.

КОМЕНТАРІ: 1 000

@james.atkins88 9 місяців тому

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.

@hunter-bourke21 9 місяців тому

It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

@edward.abraham 9 місяців тому

I personally worked with an investment advisor to diversify my $200k portfolio across multiple markets, resulting in over $580k in net profit from high dividend yielding stocks. With the right guidance, you can also make informed investment decisions and achieve your financial goals.

@Sarah.barnet 9 місяців тому

@@edward.abraham I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

@edward.abraham 9 місяців тому

@@Sarah.barnet Credits Julia Ann Finnicum, to one of the best portfolio manager’s out there. She’s well known, you should look her up

@rebecca_burns14 9 місяців тому

@@edward.abraham Thank you for the tip, I must say, Julia appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@jackbills Рік тому

it feels good to see the market in green, but just how long until we actually break even, I’m the average retail trader, DCA-ing, buying and holding on to stocks for eons, but it’s like I’m up 5% today and down 17% the next week, Yes the market is very Darwinian, there’s winners and losers, and it’s looking like I’ve been on a losing streak, while others make huge 6figure gains in the same market. What strategies are these folks using?

@AmandaMichelle. Рік тому

So what I do is buy companies that are doing good things, executing on business plans and then short companies that are missing earnings, it’s as simple as that.

@kozovski6628 Рік тому

- we’ve been in a rally for the last decade, you just gotta accept not everyone is as knowledgeable in the market to handle the opportunities a crash market presents, and unfortunately for me too, I got in 2019 right before the market’s melting point, I just hope I recover soon enough before retirement. Stay strong.

@hobbs252 Рік тому

I think the market will suffer more downtrends before full recovery, esp. with the inflation, hiked interest rate and looming recession bound to happen 2023, you should understand the market is not just finance and valuation, it’s history, it’s market psychology, it’s understanding how the world moves, which is why at this point in time, it’s ideal to work with an Investment-adviser with an unparalleled track record, from first hand experience, I could say they stand a better chance than most of us ever would and it has been reflecting on my portfolio. I made over $850k in net gains this year alone and I’m unbothered about the market outcomes cause I’m certain I’ll make a killing, it’s all perspective guys.

@too-oldforthischet8463 Рік тому

@@hobbs252 - Nicely said, I was thinking about going that route too, Jimmy Cramer has been going on about opportunities at stake in this present market and I’d really love to set my portfolio up for whatever is coming 2023, could you recommend this coach that guides you?

@hobbs252 Рік тому

@@too-oldforthischet8463 Search and connect with 'Donna Lorraine Judge' . She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

@Static-ash Рік тому

Thank you, Late Show for not just having on celebrity guests trying to sell their next movie or netflix series!

@johnnybgoode8104 Рік тому

They do that too

@talltrini10 Рік тому

@@johnnybgoode8104 Hence, "not just"

@carolmorris2705 Рік тому

I feel differently about it. I’m weary of the real world by the time I ready myself for late night ENTERTAINMENT. I want to escape. Talking about my shrinking dollars doesn’t help me wind down or smile.

@karenk3593 Рік тому

Amen! This is one of the late night shows that actually treats it's audience like we're smart. Thank you Colbert folk!

@calvinlotz5980 Рік тому

@@carolmorris2705 I can dig that take on it. I don't feel that way, but I definitely can understand that.

@svengrot7943 Рік тому

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $80,000 savings to turn to dust

@roseroland1998 Рік тому

Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it. Money is hard to come by

@baileymclean8186 Рік тому

Avoid too-good-to-be-true con schemes. Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

@lisaollie4594 Рік тому

@@baileymclean8186 Absolutely, Fiduciary-counselor have exclusive information and data paths that are not disclosed to the public.. I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor "JILL MARIE CARROLL". Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

@lisaollie4594 Рік тому

@Lloyd Bernard Marie covers things like invsting, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for inveestment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

@Rocks_Dad Рік тому

This is a good subject. My divorce and job change has me at 46 building back from scratch basically. I have recently setup Roth based investments with pre tax options to capture my employers match. I hope to catch up. For me and others at the bottom, I have been informed we are the ones who can best benefit from this most probable 2023 downturn. I have 25 years to allow the market to correct but my initial buy ins will buy at reduced rates. For those older people who have North of 150k , I hope you find very trustworthy and informed advisors to help you protect what you have starting yesterday. My opinions are based on daid advisors advice and if someone who finds fault in my system please speak up and I'll consider your advisement.

@johnmahlmann6382 Рік тому

No mention of record corporate profits.

@stevechance150 Рік тому

Record high corporate profits!!! Janet, does that have anything to do with the inflation/high prices?

@bps7209 Рік тому

You should probably ask someone who thinks the inflation reduction act will be inflationary. Not Yellen, she was so confused on inflation if you remember.

@utubefreshie Рік тому

Love how Stephen has these intellectuals, authors, great minds and thinkers on his show and not just celebrities and stupid stunts like the other late night shows. His Late Show is definitely a cut above the rest!! Keep it going!

@franklin9400 Рік тому

Except they aren't intellectuals. They just repeat talking points. Example: She blames Russia for inflation and gas prices. Which is false. Sanctions caused inflation, not Russia.

@rikji Рік тому

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!!

@utubefreshie Рік тому

@@franklin9400 And WHY were there sanctions in the first place? Because Russia started an unjustified war. Don't twist the facts.

@franklin9400 Рік тому

@@utubefreshie War isn't the reason a country puts sanctions on another. The world didn't sanctions America during its illegal wars. It was a choice, not a necessity. So you should take your own advise, and not twist facts.

@utubefreshie Рік тому

@@franklin9400 So how do you propose diplomatically solving the illegal invasion of Ukraine by Russia then? And don't go off-topic with "America did this and America did that" false equivalency type of arguments. I personally don't have a dog in this fight and dont care to debate with ill-informed and misled random strangers online. But Ukraine does. It only has its own sovereignty at stake. Try justifying the invasion of their country to them. Stop defending Russia just because you don't know what causes inflation.

@zephyrzavala1695 Рік тому

Considering how some large companies and services have massively cut their own employees during the downturn, of course they'll have a rough time keeping up with supplying now. If only they used the loans to actually keep their workers like they promised.

@ThatOpalGuy Рік тому

Record profits....

@deborahfreedman333 Рік тому

@@ThatOpalGuy Record losses.

@ThatOpalGuy Рік тому

@@deborahfreedman333 try again. I know thinking is hard for your kind.

@iatethecrayons Рік тому

@@ThatOpalGuy she's not wrong. Look at credit suisse. Look at Blackstone today. Look at bank of Japan. Look at the pension funds in the UK. Look at the federal reserve. Yelled isn't telling the whole truth because the truth will cause a run on the banks, supplies. This is 2008 again.

@disf5178 Рік тому

@@ThatOpalGuy wow.. you're obviously under the impression you know what you're talking about. Fact is, propaganda only works on the weak minded, and uninformed. "Record profits" ? For who? Why is stock down for most corporations? "Price gouging" is just like "Putin's price hike" A totally asinine talking point to shift blame from this utterly incompetent administration. You think you're smart, but you aren't.

@Tim_Shu Рік тому

She looks like an older Cyndi Lauper 😂💖

@AZOffRoadster Рік тому

No mention of record corporate profits and greed?

@jdr956 Рік тому

How about the total money supply

@deborahfreedman333 Рік тому

No mention of the record corporate losses, which is what is actually occurring.

@AZOffRoadster Рік тому

@@deborahfreedman333 lol Your home based business isn't a corporation.

@Fallen7Pie Рік тому

This will age like a fine wine I'm sure

@demshavenologic1286 Рік тому

Just like the SBF interviews

@iatethecrayons Рік тому

Yep

@amyreynolds3619 Рік тому

@@demshavenologic1286 , way to be optimistic.

@cryptsub Рік тому

@@amyreynolds3619 shut up.

@MrBrndin Рік тому

It doesnt matter to people who dont care if they are wrong. ukposts.info/have/v-deo/gKBkeXiZfGehs2w.html

@leslieday17 Рік тому

This woman is BRILLIANT

@larrymitchell6470 Рік тому

You need to learn economics, and not be biased and listen again. In fact, replay this interview as Trump speaking every word of Janet Yellen, if you still agree then your comment is valid.

@triumphushere1814 Рік тому

😅🤣🤣😂😂😂😂

@triumphushere1814 Рік тому

@@larrymitchell6470 Yellen is a hot mess

@thesubhumancomedy Рік тому

@@larrymitchell6470 I learned economics, 4 years. You seem like a troll, or just to provoke.

@dark_winter8238 Рік тому

@@thesubhumancomedy he had a valid point. What has she done to prove she is brilliant. It's definitely not something that comes across in any interview she has done.

@HBarnill Рік тому

Greatest treasury secretary of all time!

@oscarinacan Рік тому

What makes her the greatest?

@franklin9400 Рік тому

Said like 10 brain dead people.

@rikji Рік тому

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!! great insight ??????/

@xdanbo1859 Рік тому

@@oscarinacan Pretty much nothing, she is a shill for the power elites. I actually think she is a brilliant economist but she is that shill as well.

@xdanbo1859 Рік тому

@Worst Case Scenario ???

@jamesgoines7663 Рік тому

Inflation for the US is very simple at this moment. It's all being driven by fuel prices. That apple on the tree did not cost more to pick. But it does cost more to transport it. Your roofer is not getting paid more. But everything being used for the roof is affected by transportation costs. And by the way, the big 5 oil companies have pocketed more than $75 billion in profits since January. Some companies didn't even have their oil refineries operational until April.

@jamesgoines7663 Рік тому

@@BarryWinner2075 Jerry so you are saying that stopping the keystone pipeline which was never functional was the cause of inflation. Now that's truly interesting. After looking it up, the pipeline was stopped in October 2019 because of an oil spill of 378,000 gallons in North Dakota. It would be nice if you check your facts. But that's an interesting concept, for something that never happened is causing inflation. Hmmm.

@jamesgoines7663 Рік тому

@@BarryWinner2075 again Jerry, look at this year's profits associated with Exxon Mobil, Chevron, Conoco, BP and one other gas company. And some did not even have our refineries operating until April. But let's go back to the assumption of the President controls gas production. Why would the President not push the 'Lower Gas Price' button if it would make him look good? There's not one once of logic to that mindset.

@jamesgoines7663 Рік тому

@@BarryWinner2075 the executive order was implemented to stop a hazardous operation. Which it did. But we know that was not what you wanted. You do realize that the keystone pipeline was approved by Trump shortly after going into office, who actually owned stock in the company. Like mentioned in earlier posts... Interesting. Pay attention, this is important. Always follow the money.

@jamesgoines7663 Рік тому

@@BarryWinner2075 Jerry, the president is an easy target to blame. He is out front. But do you consider company executives are controlling the direction of their organizations for a profit. Jeff bezos net worth went up during Covid enough to pay every Amazon employee $100,000. And you wonder why Amazon doesn't have a union. But it's the President fault. Pick something else to put blame on the president.

@jamesgoines7663 Рік тому

@@BarryWinner2075 my facts are correct you dunce. The Dakota pipeline is currently operational and pumping oil from north Dakota to Illinois. The keystone pipeline, which trump owned stock, had a 378,000 gallon spill in October 2019. That's the reason it was shut down.

@erock736 Рік тому

If inflation is due to a shortage of goods then how are CEO’s continuing to rake in record profits? Something doesn’t add up.

@knighthawk882 Рік тому

Exactly. People like Janet yellin are a front paid for by the rich people to say bologna and be nice sweet looking grandma (and she may be) but she is very calculating about how she words things to not offend her billionaire over lords.

@tgardenchicken1780 Рік тому

As the bottle neck clear (remember all the containers at the ports?) the prices don't come down. The prices go up. Folks need/want those supplies so they purchase at a higher price. The companies purchased the prices at lower cost, but either kept the higher prices to the consumer or actually increased them. This leads to some record profits for companies, while wages remain steady. Now some companies reduce the unit size of products, but do not reduce prices as the companies may be hitting some supply shortages due to weather or war. Not a full explanation, but it may help. As usual the folks with the money make the rules, this was increased when citizens united allowed money to buy power/free speech.

@requiett Рік тому

You have to understand how money is created in order to understand what inflation actually is. The Federal Reserve sets interest rates. Think of interest rates as the price of acquiring money. The Central Bank creates the money when a loan is requested. In this fiat system, a bank loan is the same as creating money. Money is debt. Debt is money. You go to a bank and apply for a $10,000 loan and then the bank creates $10,000 that didn't exist before. Now remember during the pandemic, there was a lot of fear about businesses dying from everything shutting down. So corporate / commercial loans were made very very cheap - so cheap that it doubled the supply of money. If all these places are creating loans for free, they're creating money at an unprecedented rate. That is the root cause of this current inflation spike.

@larrymitchell6470 Рік тому

It’s not, greed is in play for sure, shortages semi-exist. But it’s the fact 40% of all USD was printed in the last 2 years. It’s called dilution. More of something there is the less value it has. Those who own the scam fiat printer just print it and hand it to their rich friends who in turn wash the money back up to those who own the fiat as donations. But the middle class and poor are the problem….just wait until CBDCs come and they have full real-time control over your funds. God help you if google home or Siri hears you ask a question outside of the narrative.

@deborahfreedman333 Рік тому

They aren't, which with the rise in interest rates, is why the stock market is at a twenty year low.

@mikeh720 Рік тому

"Does he confuse you?" "No, not especially.", translation: "Bless your heart Stephen..."

@murphyshsu Рік тому

A pleasure to watch!!!

@victorseger6044 Рік тому

Then you'll love comedy central.. if that's the case

@peterbathum2775 Рік тому

Thank you for this interview.

@philliphsieh83 8 місяців тому

I support and will obey Janet Yellen Forever!

@Bareego Рік тому

The most important things are the ones she didn't mention. The deflationary pressure from China for the last 10+ years is over. The highest driver of inflation is the high company profits with minimal taxation. The rich are getting richer and the rest are getting poorer. Maximum employment is only a good thing for the rich when the wages have been going down adjusted for inflation. If you are a regular guy like me, to get out of this loop is stop your spending. I've started home brewing beer and otherwise I only buy what I absolutely have to. Stop buying stuff you don't need. It's time to bankrupt companies that rely on things you don't need.

@StressRUs Рік тому

WELL SAID and accurate! Sadly, the corporations controlling every aspect of our culture and MSM are intent on driving consumption, so only the motivated anti-consumers, like you and me, will minimalize, and, oh, BTW, save the planet.

@xdanbo1859 Рік тому

Well said, also I would say the elites and their shills love to blame regular people for inflation, it is such BS.

@nonaboccalupo7733 Рік тому

Yes! This should be posted for EVERYONE! Regardless of sides! So so true!

@angrydoggy9170 Рік тому

One little problem with that. The global (and local) economy depends on the average person buying stuff and loaning money. If you want to change the economic system, you will have to vote in people wanting to go after the biggest money piles. Reducing your spendings as an average person reduces the tax revenue and will eventually lead to even less money going towards infrastructure and the likes. Large companies and big investors won’t be bothered about some individuals going “of grid”.

@scottdoesntmatter4409 Рік тому

ukposts.info/have/v-deo/iYl0bYiEfJCbtYU.html

@kimo8162 Рік тому

It’s weird she didn’t mention the federal reserve printing money to fund the government

@questadam2879 Рік тому

Your 💯 correct. Of all people, Yellen knows better. They'll never mention Q.E.

@terryf8398 Рік тому

Exactly!!

@Craziecory Рік тому

And yet large corps are raking in HUGE profits.

@jtownsend9424 Рік тому

Of course Yellen will blame someone else. The older generation have it worse in this crisis if you ask me, we have had our savings dwindle with the cost of living and we are finding it tough to replace it. I know it could have been worse, but its troubling when you remember you have to retire in a couple years.

@greatwhite4226 Рік тому

I can entirely relate to this, keep your head up.

@bethany6931 Рік тому

@@mitchel8329 I also own some S&P and passive assets on my own, I started this year, doing pretty good so far but could be much better in terms of returns. I just wish I was as smart as you, I would have a much better budget for my retirement savings by now.

@bethany6931 Рік тому

@@mitchel8329 I think it's especially difficult for newbies doing it all alone. I wouldn't mind looking up your advisor please, I've been looking into hiring one as well.

@bethany6931 Рік тому

@@mitchel8329 I searched with his name on the web and came across his site, quite impressive. Thanks a bunch.

@kirsteenluna5617 Рік тому

It's all cyclical, remember that. During times of high interest rates, everything is more expensive and companies often scale back.

@jamesdurett5913 Рік тому

It’s nice to see the real consequential folks in our government get some spotlight instead of just politicians

@laureencriss8220 Рік тому

She's a politician!

@ECKSDEEEExD Рік тому

Thank you Madam Secretary

@SirBlot Рік тому

I think that is the point

@fredsimfredsim Рік тому

Nothing about printing too much money, Janet? Wow!

@jdr956 Рік тому

Seriously, what a hack

@deborahfreedman333 Рік тому

She did, if you understood her. She talked about the effort to prevent the economy crashing, which you call printing money, were more than needed.

@fredsimfredsim Рік тому

@@deborahfreedman333 The huge unreasonable money printing started a long time ago, dear, way before they say they had to "save" the economy, and it is the number one reason for this mess.

@phildavis277 Рік тому

@@deborahfreedman333 Printing money doesn't fix the economy, it worsens it. Are you stupid or just a typical ignorant dem?

@phildavis277 Рік тому

@@jdr956 If you read these posts supporting her it is sad that people are so stupid and ignorant. But the Democrats need those morons to keep their base. Lol

@TheJamesthe13 Рік тому

And yet financial research shows almost 40 % of inflation is cause by corporate price hikes, unrelated to supply issues.

@jlbueno0611 Рік тому

Corporations who fire and deliberately cause those bottlenecks to create more demand . Everyone is after those extra dollars and take advantage of who is in need.

@bps7209 Рік тому

🤣😂🤣😂

@bps7209 Рік тому

@Worst Case Scenario You know it.

@ethanryans7673 Рік тому

Heading towards a recession? Are we not already in one??!😅

@victorseger6044 Рік тому

Yes .. but it's.. wait for it.. transitory..😂

@jiggahenry9471 Рік тому

Not in a recession with GDP growing and unemployment so low

@MrBrndin Рік тому

@@jiggahenry9471 OK, now imagine if the Republicans were in charge, Would we be in a recession then?

@tallymay7407 Рік тому

@@jiggahenry9471 The GDP is 0.06% and unemployment is n the rise. What are you talking about! When the Fed rate (how much borrowing power the US has) is 7.9%, that is one of the biggest indicators of a recession... Facts matter.

@QwkDraw Рік тому

As the economy goes down, I'm scream'n . . . she's Yellen!

@dcdelis Рік тому

We printed a shitload of money!

@brianbarfield9716 Рік тому

Also companies take advantage of inflation by increasing prices more than they have to.

@disf5178 Рік тому

Ok.. so? How would that cause 8 - 9% inflation?

@scubardiveshop1389 Рік тому

this is a very insightful interview. Thanks guys :)

@disf5178 Рік тому

Insightful? Nothing she said about the causes for inflation made economic sense. She basically blamed inflation on supply chain issues/bottlenecks, which is ludicrous.

@Snipergoat1 Рік тому

You seriously thought that insightful? Unless that insight was "She really does think we are idiots and will say anything to cover for her boss." I really don't see it.

@laureencriss8220 Рік тому

Yes, it's wonderful to get an interview from a public servant for free. Meanwhile, she has earned over $7 million in speaking fees to banks, etc. over the past two years. What an honor.

@tallymay7407 Рік тому

Its very much gaslighting Americans and absolutely a lie.. Facts matter.

@billysgeo Рік тому

Well rehearsed. Did she even mention the term “recession”???

@saturnv2419 Рік тому

If you think about money as a certification of resource, this is easier to understand. Feds control how many certification there are, so they had to adjust it based on if there are more resource or less. If resource did not increase, like the first two quarters, while certifications are the same, each certification will worth less.

@dr.robertmackenzie8498 Рік тому

I really like this lady!

@thinkbeyond3457 Рік тому

And the record corporate profits? 🤨

@billyshithead3139 Рік тому

That band is 🔥🔥🔥!

@Jan-zv7ze Рік тому

Janet rocks!!

@stefandavenport1588 Рік тому

@@BarryWinner2075 So the R party still hopes, as they, themselves, have no actual policies or programs for reducing worldwide inflation •• 3 Presidents, Dem Wilson, Dem FDR, and Dem LBJ, and their liberal Congresses have legislated all the social safety net programs since the parties switched platforms after 1912, and all the Civil Rights legislation since Dem Pres Truman integrated the military in 1945. What _actual legislation_ for the middle class and working class has the R party proposed when they take over the House ? Investigation of a person who is not a Gov't employee, nor an elected official, isn't passing legislation for reducing inflation. The R party has no actual policies or programs for reducing worldwide inflation.

@stefandavenport1588 Рік тому

@@BarryWinner2075 Midterm voters didn't believe those talking points. •• Dems picked up 3 Governorships, flipped 2 Statehouse legislatures, added to State Legislatures nationally, defeated 6 GOP anti choice referendums since August, expanded Obamacare in S Dakota as the 7th state to do so since 2018 despite R party opposition, and approved a pro Union referendum in Illinois. If it wasn't for the 4 gerrymandered districts in Florida and a judge overruling the redistricting plan in NY, the Dems would have an 8 seat majority in the House. The backward party has to find new talking points for 2024.

@greg11786 Рік тому

See a mental hospital.

@DoubleOld7 Рік тому

Damn! Stephen got smarts!!! 😁😉👍

@lorhay2522 Рік тому

Here in Canada the experts are predicting a “minor” recession in the first quarter of 2023 but our economy will pick up in the second quarter. I hope they’re right. USA is in a better economic place than we are. 🤞🙏

@bps7209 Рік тому

Not if you look at our Debt. We're powerfully poor.

@adammartineau2818 Рік тому

Your mistaken you should consume more of the propaganda.

@iatethecrayons Рік тому

The bank of Canada is insolvent. The bank of Japan posted its first bond losses in 16 years. The dollar is over inflated in value to the point where countries can't pay their debt. Every currency is beholden to the dollar. 2008 never ended. I'm sure it'll be fine tho.

@lorhay2522 Рік тому

@@adammartineau2818 childish comment

@adammartineau2818 Рік тому

@@lorhay2522 really prove me wrong.

@raygunsforronnie847 Рік тому

Robes AND a goat sacrifice? I'm all in!

@jamesgoines7663 Рік тому

Check back with us if there's a virgin review department.

@reneekad Рік тому

I loved the Secret of Nihm as a kid

@SuperiFox Рік тому

Renee the fuck u on about

@SuperiFox Рік тому

Girl

@knighthawk882 Рік тому

Good movie tbh

@stanleyhuang5964 Рік тому

Thank,you❤

@R1GAMBLER Рік тому

☝🏻 oh look, the arsonist is here to explain why our house is on fire💅

@jasonbean2764 Рік тому

Forget gender. This is one of most intelligent and articulate people I've ever had the privilege of listening to. And I'm including Ralph Nader.:)

@pennyc11 Рік тому

Easy, gas companies gouging. Afraid of electric cars. Their efforts are going to hurt them overall. I agree we must limit our spending and who we do business with. Please support small business as much as you can.

@firstlast8258 Рік тому

Pass gas ⛽️

@disf5178 Рік тому

Even if gas prices were pure price gouging, how would that cause a 7% rise in inflation? Do you even understand what "inflation" is?

@Zeiss120 Рік тому

We in this country can't support an all EV road... The gas companies know this, and we've even found more gas than we had thought. I'm sure Exxon is laughing their butts off to the bank, because they know states like CA is gonna mega f'ed once 2030/35 rolls around and their still burning coal as the main source of electricity.

@pennyc11 Рік тому

@@Zeiss120 Coal? Hum...Cali has wind farms, mines Natural Gas. I really do not see an abundance of coal usage there.

@spiritsandnature Рік тому

great episode

@disf5178 Рік тому

If you're uneducated, or you just want to believe that the Biden Administration is competent... then, sure. Great episode.

@spiritsandnature Рік тому

@@disf5178 you are brainwashed and I feel bad for you. xoxo

@garethp983 Рік тому

You didn’t wanna ask why big companies are price gouging? Especially oil companies

@HateTheIRS Рік тому

No they’re not Saudi Arabia controls a big chunk of oil production It’s Saudi Arabia

@garethp983 Рік тому

@@HateTheIRS they are definitely not helping it but the big companies not just oil are making record profits and blaming inflation

@trdoffroadguy1684 Рік тому

How is unemployment down when 98% of the businesses in our town are understaffed?

@trdoffroadguy1684 Рік тому

@@mslinda8456 I see , ty.

@marvinmartin4692 Рік тому

What happened is corporate greed! Plain and simple!

@tallymay7407 Рік тому

No darling that has literally zero to do with inflation. Google it, facts matter.

@sadielou1808 Рік тому

I love that Colbert has intelligent conversations and uses big words I don't know. From Lehman moment to synecdoche (one I had to google after misspelling it several ways). Oooh, and fiat currency. Sounds so sexy.

@thomthom6268 Рік тому

I wonder if they get a $100 bill with Ben in Leathers.

@30all Рік тому

This video was edited to skip she blames Americans' splurging for high inflation .

@reidcushman3562 Рік тому

And this is why #LSSC is a cut above all the other talk-variety shows. How many would dare spend serious time on something like this? (Well, OK, John Oliver and #LWT, but other than that?) As if the Colbert monologues weren't reward enough.

@jscheunemann Рік тому

To bring back and old quote, “If it was a bagel, it would be a mild bagel.” Ed The West Wing

@BMrider75 Рік тому

Stephen's use of 'synecticy' sums up his style of interviewing !

@kapildevneupane8072 Рік тому

I think he meant synecdoche, didn’t he?

@hkumar7340 Рік тому

Synecdoche...

@BMrider75 Рік тому

@@kapildevneupane8072 yeah, sorry, spelling is not my forté....

@thomthom6268 Рік тому

I had to look the word up. Synecdoche seems to describe his style of humor more than his interview technique. [I couldn't spell right the first time either 😄]

@lewsouth1539 Рік тому

Unfortunately, he used the word incorrectly. en.wikipedia.org/wiki/Synecdoche

@gkbhai8962 Рік тому

does printing money through QE have nothing to do with the creation of inflation?

@milihademushi5537 Рік тому

sure

@xluisperezx1 Рік тому

Brilliant women

@xdanbo1859 Рік тому

I would actually agree with that, but I would also say she lets herself be used as a shill and tool for power elites. While she is brilliant she is also that shill.

@phildavis277 Рік тому

Brilliant? She is a bullshit artist.

@michaelorlando6413 Рік тому

Madam Secretary here’s another softball , are you ready dear?

@RevCeleste Рік тому

I could listen to him interviewing her for an hour! He had to keep jumping to a different topic because there were so many topics to cover and I wanted them to be able to get more in depth.

@jonspitz8287 Рік тому

How about windfall profits by the oil corporations as a reason for inflation, Janet?

@mizzury54 Рік тому

She may have touched on that if Stephen didn't interrupt her and change the subject.

@TheShadowwalker007 Рік тому

Was there stuff cutout? I want more

@mizzury54 Рік тому

It wasn't long enough that's for sure.

@therealzilch Рік тому

It's always comforting to hear from government officials who seem to know what they are doing and care about it. Thank you Janet Yellen, and thanks to Stephen for another intelligent talk.

@bigdaddynuts Рік тому

This is total propaganda. Don’t believe this garbage.

@jdr956 Рік тому

Sheep.

@Entoron055 Рік тому

I really would have liked to see an uncut version of the interview, whenever it got interesting they just edited away 😢

@anitanoecker2569 Рік тому

Aww, so cute, another MAGAt ignorant comment.

@Entoron055 Рік тому

@@anitanoecker2569 this must be a misunderstanding. I enjoyed it the way it is, I just would have liked to here more of what she said. Sorry if comment lacked the nuance, English is not my first language

@maneshipocrates2264 Рік тому

Trust economists at your own peril.

@ThatOpalGuy Рік тому

And Republicans, and police, and...

@rikji Рік тому

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!!

@xdanbo1859 Рік тому

@@ThatOpalGuy that is good start, but that list needs to be added to ... Democrats, elites, large corporations, mainstream media, culture warriors, and pretty much anybody or groups with huge concentrated power.

@maneshipocrates2264 Рік тому

@@rikji Oops not seen that! If true, it indeed horrible. They are all oblivious to the atrocities committed in Iraq.

@ThatOpalGuy Рік тому

@@xdanbo1859 you seem very insecure. but that isnt surprising

@Dougiebones Рік тому

No mention of price gouging. I wonder why.

@ScytheNoire Рік тому

Recession has been going on for the past year everywhere else. Inflation is killing us.

@mizzury54 Рік тому

Not just us .

@thomthom6268 Рік тому

Inflation is global and does not a recession make. That's a decrease in GDP. And we did have 2 qtrs of decreasing GDP, which I thought was the definition of a recession.

@firstlast8258 Рік тому

Speak for yourself

@jontomas2271 Рік тому

Isn't it funny how these economic experts NEVER mention that real wages haven't increased in 50 years? --- It makes you wonder who they really work for!

@jhwheuer Рік тому

This was a huge step for Mrs. Yellen, it seems. Cudos for facing the bear.

@fbenbow2197 Рік тому

Very interesting... Considering the two factors are low inflation and high employment in a fiat currency , there are many reasons why this is not a sufficient regulatory system any more.

@user-hf2dr7sh4y Рік тому

And we're a consumerist economy that is to some extent supposed to become a savings first economy, while inflation is at an all time high and interest rates will remain high for some time.

@thearmchairjournalist566 Рік тому

The whole world is basically in a recession, we’re half way through one and it just depends how bad it’s going to get 😢

@Hello-xp5wz Рік тому

Do you have a job? Can you put food on your table and a roof over your head? You obviously live in doors and have WiFi or Data. Relax.

@TimJenningsVideo Рік тому

During the 2008 recession, I remember a constant denial that we were in a recession. It wasn't until a good chunk of the recovery had taken place that there was any kind of acknowledgement that there was a recession.

@vanessawhitneypro Рік тому

@@TimJenningsVideo GW and His Cronies were denying it long before that... They set it off... Barack got us back on track, then the Wannabe Dictator ruined us again... It's what the GOP is best at... Ruining everything... Here's to Progress & getting out of it again... Go, Dems!

@mizzury54 Рік тому

That's simply not true.

@thomthom6268 Рік тому

@@Hello-xp5wz i haven't lived in a door since college. 😀

@catherinebiggs8162 Рік тому

Remarkable woman! Thank you for having her on the show.

@daviddavis2894 Рік тому

She obviously doesn’t know what the fuck she’s doing given that the chairman of the Fed is printing we fuck tons more money than we should be yeah remarkable woman indeed.

@larrymitchell6470 Рік тому

Imagine Trump saying every word she said, see if you agree then or just another sheep. If you agree? Then you are valid.

@victorseger6044 Рік тому

Remarkable woman ? She's an idiot of epic proportions..

@MrBrndin Рік тому

They break down how awesome she is in this video ukposts.info/have/v-deo/gKBkeXiZfGehs2w.html

@tertommy 10 місяців тому

On weekends Yellen puts on a wig and entertains with her killer Marty Allen impression, hello dere.

@rixx46 Рік тому

Is EVERYONE in DC 100 years old? 😵‍💫

@uthmanbaksh3530 Рік тому

"The Recession!" - what corporations say is heir reason for rising prices

@thesubhumancomedy Рік тому

Good guest, the FED chair-woman/man, at most times. Economy, economics & between is complex but in most people's interest. Many "vote with the wallet", without any idea of what the changes will be.

@lawrenceiverson1924 Рік тому

Investors have NOT lost a lot of money.!! Gamblers have !! Nixon??? Us went off the gold standard in 1933 !!!!!

@shirleyrombough8173 Рік тому

Right before the 1972 election Nixon manipulated the economy so that for a little while at least employment and wages were up. He was a shoo-in for reelection. He didn't need to mess with Watergate.

@angrydoggy9170 Рік тому

Finally some level headed view on the global economic problems. About time someone explains the simple fact that the US or it’s president can’t control the entire global economy.

@emu_warrior Рік тому

she didn't explain ANYTHING about ANYTHING, what are you talking about

@TreyDoe Рік тому

What? U fell for this bs?

@angrydoggy9170 Рік тому

@@emu_warrior Don’t blame her for your lack of knowledge on economics.

@victorseger6044 Рік тому

@@angrydoggy9170 short answer? She's an idiot.. nothing more nothing less

@emu_warrior Рік тому

@@angrydoggy9170 says the sycophant who follows words without understanding them. she said nothing

@caranbereth9026 Рік тому

Corporate greed, address that

@FO_Biggles 3 місяці тому

Listen to how quiet the audience is. They're actually listening.

@IamthatIam97 Рік тому

All Right, Mrs. Yellen!!!!!~

@Herbwise Рік тому

The greatest irony is that crypto pushers want a currency independent of govt oversight yet the latest crash will likely bring in strict oversight.

@larrymitchell6470 Рік тому

FTX CEO numerous times bashed Bitcoin. Why? Because you can’t control it like centralized tokens. It’s why FTX had ZERO Bitcoin. Centralized you can manipulate at will. CBDCs are centralized. Everything that went to shit was centralized and further proved why decentralized proof of work is the only real way. FTX dying was a godsend for Bitcoin. Not the day traders, but the decentralized blockchain tech for a very long term future. Never ever touch centralized. I shit canned Ethereum after they moved to proof of stake which is centralized. And the Bitcoin community has been screaming for some government oversight but once that occurs you validate Bitcoin.

@ohioisastate8574 Рік тому

Crypto is more controlled than paper fiat

@acqianseo1928 Рік тому

Maybe that was the plan

@williamkinney2803 Рік тому

Sometimes, Colbert, you do no let your guests finish answering your question. Video editors? Either way, let the finish!

@jolijnvaneisden971 Рік тому

Awww. That was so wholesome 🥰

@RipeTimes Рік тому

Q: "Are we headed for a recession?" A: "Russian invaded Ukraine..."

@TheMichelleMermaid Рік тому

I can’t wait for the new dollar bill!

@EVtripper Рік тому

How does the dollar work? It's backed by intl petroleum market, foreign exchange, and FDIC banks can loan at 10,000 to 1 ratios too.

@janiceleeripley443 Рік тому

Love Her, she is a shinning bright star.

@R1GAMBLER Рік тому

the arsonist is here to explain to us the fire💅

@jdr956 Рік тому

About the only sane comment, thank you

@fbenbow2197 Рік тому

The European Central Bank says low inflation and price stability and not her 2 factors. But the circumstances are different. In Europe we had a supply shock with normal demand and core inflation was low. In the USA core inflation was high and demand was weaker, the supply shock was smaller. What we care about is the WORTH of labour and employers should as well. Why bother to work if you can't afford to buy the high tech products you produce, for example

@namal007 Рік тому

Not headed Bruce, it’s already here 😅

@Cameron655 Рік тому

@4:15 "Secrets of the Temple", and I was shouting "I have that book! IT'S RIGHT OVER THERE!!" It's also a pile of tosh. Although technically, there is no "Federal Reserve", it's the "Federal Reserve System", and the FOMC. But I'll hand out a pass for that. And I do like the idea of exploding goats: sure, they look cute, but they will eat through literally anything if they're in a bad mood.🐐

@FilmEastCoast Рік тому

Creature from Jekyll island a much better choice in book

@Ashkanman Рік тому

Wow an actual interesting guest

@hollyb6885 Рік тому

Things are looking up. Just checked my retirement funds. They had dropped 18% over 2021 after Putin invaded Ukraine. Now mine are down 12% I’ve 2021 so I’m cautiously optimistic. 🤞

@trinityadiaz Рік тому

Since when do these government officials go on talk shows on the regular. I guess when you have to sell bad times and make it out to be good or blame others for your terrible decisions this is what you do

@kepler186f4 Рік тому

“I believe that banking institutions are more dangerous to our liberties than standing armies,” Jefferson wrote. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered... The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson, 1806

@direwolf6234 Рік тому

and how does restoring to people actually work ??

@vytallicaq.6881 Рік тому

@@direwolf6234 ukposts.info/have/v-deo/m4SBo6aFfmx9s4E.html

@kepler186f4 Рік тому

@@direwolf6234 I suppose by electing candidates that actually listen to the electors instead of corporate lobbyists.

@firstlast8258 Рік тому

@@direwolf6234 🔫

@MrBrndin Рік тому

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money”

@vigglesworth216 Рік тому

So convenient, when describing what causes inflation, that she never mentions OPEC purposely cut production just as oil prices were falling towards $3 a gallon. Inflation is caused by one thing. Federally condoned price gouging.