Tag Archives: Meet The New Boss

The New Fed Sheriff in Town Means More Dollar Destruction

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“The US dollar, once backed by an unfeeling barbaric relic, is now under the stewardship of the best and brightest. Richard Nixon replaced the dollar’s gold backing with the PhD standard back in 1971.  Why, none other than Milton Friedman gushed in a column for Newsweek at the time of Nixon’s selection of Arthur Burns as chairman of the Federal Reserve. Burns, he wrote, ‘is the first person ever named Chairman of the Board who has the right qualifications for that post.’   Yellen, like Burns, has only worked in academia and government. She actually believes her employer can print jobs.  The result was unforgettable stagflation, which he blamed on everything but his monetary policy.”

http://www.caseyresearch.com/cdd/the-new-fed-sheriff-in-town-means-more-dollar-destruction

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Janet Yellen, Most Powerful Sacrifice in the World?

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“While the mainstream media has indeed made a big deal about Yellen’s gender, it is surprising how little power she will really have.  She can continue the policies that have been set by Ben Bernanke and Alan Greenspan before him. The last person that really struck out on his own was ‘Tall’ Paul Volcker who allowed short rates to rise to nearly 20 percent in the early 1980s.  But even Volcker didn’t have that much of a choice. The people standing behind his regime – a bevy of concerned globalist bankers – believed that the best way to crush price inflation of the day was to wring it out with tight money.  He would have been fired or worse if he tried to do something else.”

http://www.thedailybell.com/news-analysis/34907/Janet-Yellen-Most-Powerful-Sacrifice-in-the-World/

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Yellen to Take the Green Path to Major Douglas’ Phony Social Credit

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“Incoming Chair Yellen can take steps to de-link economic growth from increased carbon emissions in several ways. She can include carbon emissions as an indicator necessary for national prosperity. She can make a carbon cap a part of the Fed’s operations. This could take the form of a declining number of annual allowances to banks that provide loans to the energy and oil industry. The Federal Reserve could create levers to allow for additional economic growth in low-carbon activities, while reining in high-carbon industries.  Perhaps most importantly, she can harness the unique power of money creation to help people through the transition to a low-carbon economy.”

http://www.thedailybell.com/news-analysis/34909/Yellen-to-Take-the-Green-Path-to-Major-Douglas-Phony-Social-Credit/

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Janet Yellen confirmed as head of Federal Reserve

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“‘Janet was always a phenomenal teacher — partly because she worked very, very hard at it,’ said Haas professor David Levine, whom Yellen mentored, in an August interview with The Daily Californian. ‘She thought about literally every word she would say. As she has moved up in government, this level of thoughtfulness and reflection has always been increasingly important — and as a high official of the Federal Reserve system, where literally, the placement of a comma can move the markets.’  Yellen earned a reputation as a strong advocate for the Fed’s aggressive debt-purchasing program that intended to stimulate the economy and reduce uncomfortably high unemployment levels.”

http://www.dailycal.org/2014/01/06/janet-yellen-confirmed-head-federal-reserve-3/

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David Stockman: Lunatic Fed Engineering Global Collapse

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“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.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/15_David_Stockman_-_Lunatic_Fed_Engineering_Global_Collapse.html

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/11/17_David_A._Stockman_files/David%20Stockman%2011%3A17%3A2013.mp3

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Yellen Strikes Out

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“Mrs. Yellen insisted that she supports ‘transparency and openness on the part of the Fed.’ She claimed that in terms of the ‘range of information and the timeliness of that information, we are one of the most transparent central banks in the world.’ That’s not only irrelevant but wan. She then declared that she would not support ‘a requirement — any requirement — that would diminish the independence of the Federal Reserve in implementing, and deciding on implementing, monetary policy.'”

http://www.nysun.com/editorials/yellen-strikes-out/88490/

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How to Build a Huge Bonus in Your Portfolio

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“Some commentators are betting that the Fed will begin to taper now, though the big money says tapering will start in March.  Tapering, whenever it happens, is not tightening. Tightening is pulling money out of the system. Tapering is simply slowing an out-of-control train to 135 miles per hour from 150. There’s a pileup in the offing either way.  No matter what comes of tapering talk this week, one fact will remain unchanged: The Fed will maintain interest rates at or near 0%.  And even if tapering does happen this week, the Fed will accompany the move with commentary promising to extend the period in which rates remain excessively low.”

http://thesovereigninvestor.com/2013/12/17/build-huge-bonus-portfolio/

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Bill Bonner: The Real Numbers Behind America’s Phony Recovery

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“What kind of economy is it that reduces a man’s wages over a 43-year period?  We don’t know. But it’s not likely to win any prizes.  But why, with so many strikes against it, does the US economy still have the bat in its hands?  It’s partly because the Fed has pumped up stock, bond and house prices – not to mention net corporate profit margins and consumer spending . So, the averages look pretty good… and they mask the ugliness beneath them.  The bottom 90% of the population – people in 9 houses out of 10 – have 10% less income than they had 10 years ago. This is not a success story. It’s a disaster. And not one that tempts us into an overvalued US stock market.”

http://www.bonnerandpartners.com/the-real-numbers-behind-americas-phony-recovery/

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Don’t Let the Fed Pick Your Pocket

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“If you are one of those who believe that rates will rise when Ben Bernanke leaves office in January, think again. The new Federal Reserve chief, Janet Yellen, has no intention of boosting rates. She will certainly not be a friend to savers.  During Yellen’s confirmation hearings on Capitol Hill, she acknowledged that seniors are hurt by low interest rates that are a matter of policy. However, the incoming Fed chief believes the greater good — the health of the U.S. economy — takes precedence over savers.  This means that if you’re still relying on CDs and interest-bearing accounts to generate income, you’ll be slaughtered.”

http://thesovereigninvestor.com/2013/12/09/dont-let-fed-pick-pocket/

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“Close Guantánamo Prison!” — Karzai’s Ultimatum to Obama

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“Afghanistan’s leader, Hamid Karzai, has told Obama that he will not sign an agreement that will let Obama keep troops in Afghanistan unless Obama agrees to close the prison on the island of Cuba.  Here is his threat. Either Obama does what he told the voters in 2008 that he would do if they elected him, or else Karzai will not sign an agreement to let Obama keep American troops in Afghanistan after 2014, as Obama says he is ready and willing to do.  So, Obama has a choice: (1) close the 12-year Bush-Cheney prison or (2) end the 12-year Bush-Cheney war.”

http://teapartyeconomist.com/2013/11/26/close-guatanamo-prison-karzai-ultimatum/

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