“Yellen has been part of this Fed system since the 1990s. Just start with the year 2000: The balance sheet of the Fed was $500 billion. Today it’s pushing $4 trillion. That’s an eight-fold increase just in this century. She’s been part of it all along, and if that isn’t monetizing the debt, (then) I don’t know what the word means. It is only the top 1% that has experienced a huge windfall from the serial bubbles that the Fed has created. So, if you go right to the core of what this is all about — what the Fed’s mission is, what the new chairman of the Fed will be doing and saying, I think we had a pretty good indication that she’s going to take this lunatic policy that we’ve had for years now right over the edge.”
(Visited 28 times, 1 visits today)
Related posts:
Only in NH: How to Ferment a Nano-Brewvolution
Cisco Won't Buy Any US Companies Or Hire Any US Workers Until The Tax Code Is Changed
5 Ways Your Brain Tricks You Into Making Horrible Investment Decisions
St. Louis Is Burning
The Larger the Deficit, the Greater the Default
Suspension of U.S.-EU Visa-Free Travel Would Have Negative Consequences
Real Estate: “Millennials” Out, Chinese Buyers In
Why China is Leading the Global Rise of Bitcoin
Springfield, Missouri Marijuana Decriminalization Initiative Certified
WikiLeaks Party statement on intervention in Syria
UK deploys toy-sized spy drones in Afghanistan
Another Black Man up on "Terrorist" Charges
Blackwater Founder Erik Prince: War on Terror Has Become Too Big
Obama heckled over sentencing of Chelsea Manning
Backroom Deal Leads To Stricter Cuba Travel Restrictions For Americans