These are actual quotes taken from experts leading up to the GFC:
"The impact of the credit problems is likely to be limited to the subprime mortgage market." Source: Ben Bernanke, Chairman of the Federal Reserve, in a speech in March 2007.
"We believe that the subprime mortgage troubles are well contained." Source: Treasury Secretary Henry Paulson in a statement in May 2007.
"The subprime mortgage market is a small part of the overall economy, and its problems will not spill over into the broader financial markets." Source: Alan Greenspan, former Chairman of the Federal Reserve, in an interview in July 2007.
"The subprime mortgage sector issues are unlikely to cause significant disruptions in the financial markets." Source: International Monetary Fund (IMF) report in August 2007.
"The problems in the housing and mortgage markets appear to be largely contained." Source: Federal Reserve Vice Chairman Donald Kohn in a speech in August 2007.
"The difficulties in the subprime mortgage sector are not expected to have a major impact on the overall economy." Source: U.S. Secretary of Commerce Carlos Gutierrez in a statement in September 2007.
"The subprime mortgage crisis should not have a serious impact on the broader economy." Source: Lawrence Summers, former U.S. Treasury Secretary, in an op-ed in October 2007.
"The credit problems in the subprime mortgage market are not expected to pose a systemic risk to the financial system." Source: Federal Reserve Governor Frederic Mishkin in a speech in December 2007.
"The subprime mortgage issues will not lead to a widespread financial crisis." Source: Jean-Claude Trichet, President of the European Central Bank, in a statement in January 2008.
"The problems in the subprime mortgage sector are likely to be contained and not have a significant impact on the global economy." Source: World Bank report in February 2008.
According to a time traveller, these are also actual quotes you will see in the next two years if the time line he lived through does not get altered:
"The rise in office vacancies is concerning, but we believe this is a localized issue that won't have a significant impact on the broader economy." Source: Dr. Emily Johnson, Chief Economist at the National Economic Council, January 2024.
"While the Commercial Real Estate sector is facing challenges due to increased office vacancies, we expect the market to self-correct in the coming quarters." Source: Johnathan Carter, Real Estate Analyst at a leading financial firm, March 2024.
"The surge in office vacancies is a wake-up call for investors, but prudent measures by financial institutions should prevent a systemic crisis." Source: Sarah Miller, Financial Regulatory Authority spokesperson, July 2024.
"We are closely monitoring the Commercial Real Estate market as office vacancies rise. Our economic fundamentals remain strong, providing resilience during this phase." Source: Treasury Secretary, Mark Williams, September 2024.
"The increase in office vacancies poses short-term challenges, but with the right policy interventions, we can ensure a stable path forward for the real estate industry." Source: Professor Michael Ramirez, Urban Economics Expert, December 2024.
"Investors are concerned about the Commercial Real Estate crisis, but it presents unique opportunities for those with a long-term outlook." Source: Stephanie Lewis, Chief Investment Officer at a major asset management firm, February 2025.
"The debt situation in the Commercial Real Estate sector warrants careful monitoring. We are working closely with banks to mitigate potential risks." Source: Federal Reserve Chair, David Chen, May 2025.
"As office vacancies reach unprecedented levels, we're exploring innovative ways to repurpose commercial spaces for community use and drive economic recovery." Source: Mayor Sarah Turner, City of Metropolis, July 2025.
"While bankruptcies have increased in the Commercial Real Estate sector, targeted support measures for affected businesses can help stabilize the market." Source: Jane Anderson, Chief Economist at the World Bank, September 2025.
"The Commercial Real Estate crisis emphasizes the importance of diversification in investment portfolios. A balanced approach can mitigate risks during market downturns." Source: Peter Collins, Financial Advisor at a leading brokerage firm, November 2025.
I believe him. He also said, a single #bitcoin will be worth approximately 100,000,000 sats and that there's an incoming #Bitcoin bull run, nobody have ever seen before. I guess a #supercycle incoming!
#TimeTravel #Recession #DontTrustTheBankers
#plebchain
