Janet Yellen Exposed - The Truth Behind The Myth

Tyler Durden's picture

When President Obama nominated Janet Yellen to be the next Chair of the Federal Reserve Board the praise he offered was similar to what had already poured in from around the country. In their assessments of Ms. Yellen's long career, Congressman, editors, and academics have underscored how her prescience and caution distinguish her from the reckless overconfidence that have plagued her male colleagues at the Federal Reserve. As proof of her wisdom supporters have pointed to speeches she delivered in 2005 and 2006 in which she supposedly issued clear warnings about the dangers then building in the frothy real estate markets.  Without any attempt at reasonable fact checking, these claims have been parroted by the media.
 
However, a brief review of the speeches in question reveals that she issued no such warnings at that time.

In a new video, Peter Schiff, the CEO of Euro Pacific Capital and a well-known author and economist, goes over the speeches in question and comes to the easy conclusion that the new leader at the Federal Reserve is just as incapable as her predecessors of recognizing a dangerous asset bubble. Worse yet, as a diehard believer in the power of expansive monetary policy, Ms. Yellen would be much less likely to attack an asset bubble even if she were ever to recognize one before it burst.

Full video below:

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NemoDeNovo's picture

What is with all these Ugly, Manly, Lesbian in O's admin???  WTF, Damn

macholatte's picture

 

 

 

The can shall be kicked.

So let it be written. So let it be done!

--  Pharaoh Rameses II

 

NemoDeNovo's picture

They are not even kicking it any more its a slow roll

LetThemEatRand's picture

Is that what they mean by TM?  I take exception with the communist point.  And don't you work for the State?  Can you explain that?

markmotive's picture

The banking clampdown has already begun. Apparently some banks may already be limiting transfers and withdrawals:

http://www.planbeconomics.com/2013/10/chase-bank-limits-cash-withdrawals...

banzai401's picture

Yep I got that EMAIL last week from my USA credit-union.

"Our records show that in the past you have used wire-transfers", ... "They may no longer cost $40/transfer, ... they may cost MORE"...

It said "for your safety, instead of the prior 12 hour transfer, from now they make take a week or more and limited to a very small amount of money"

Also added was "You may have to come to the branch in person, as there may be problems with online transfers"...

In other words, if you want to move your MONEY outside the USA, ... don't ask us to help you.

In effect but most of us knew this you had to get your MONEY out back in 2009 or earlier,... its too late now.

Time to BUY diamonds in the USA and hide them up your ass and fly somewhere like Malaysia.

***

Caveat I escaped 10+ years ago... saw it coming.

LetThemEatRand's picture

So what does any of that mean to you, banzi401?  Care to clue us in on your agenda, or are you just a FUCKING ROTHSCHILD/DIMON/BLANKFEIN etc TROLL?!  Here is your opportunity to explain.  Allow me to begin.  

What I really want to say is...."

banzai401's picture

The subject at hand is these letters the banks are sending out. Is there anybody else that got one of these letters?

In my case,... I can accept the end of transfers abroad.

Last year I was using paypal to paypal but that got shut down by paypal.

There's always 'western union' to yourself at a hair-cut 15% of the gross :) Sort of like money laundering your own money on Breaking-Bad,....

Paypal had been the cheapest, but then they started sending these secret-codes to my USA drop-box, and I wan't able to get the code in time, so paypal axed my accounts.

***

Like I said above, this is like the elephant blind man allegory, ... if we all share our points of view, only then can we see the big picture.

LetThemEatRand's picture

Okay.  Let's try this.  I am a complete douche hat because... "

defender's picture

You are a complete douche hat because you are trying to force your own preconceived larger significance on a specific event.

The thread was talking about currency controls.  Specifically dealing with wire transfers.  Banzai then made a comment about a personal experience with currency controls via wire transfers.

 

Let me try this.  "I am trying to force you to say..."

IndyPat's picture

I thought the thread was about the transgendered granny running the press. Cap control was yesterday's run.

defender's picture

The article is about the Bowl-Cut Blunder, but the thread (this branch of comments) was about wire transfers.

Squid-puppets a-go-go's picture

she actually looks like Davros from Dr Who

 

anyways, Yellen - oi, yes you. You clearly didnt even pass economics 101 so I have arranged an economic bridging class for you:

http://www.youtube.com/watch?v=fzbrV0Bc8Fg

Offthebeach's picture

The  characters in the movie Diliverance, Mountain Man and Toothless man who raped Ned Beatty, wouldn't hit her.

BLOTTO's picture

@ Nemo,

Its because 'they' are trying to destroy 'genders.'

.

Off topic (again)

Stenographer rants aftr house vote about deception and corruption:

http://fellowshipoftheminds.com/2013/10/17/while-senators-representative...

.

K, carry on...

venturen's picture

cut out the middle wo(man) just appoint Jamie...it even sounds like a wo(man)

Element's picture

I saw Bill Black on TV vigorously defending Yellen's selection (at length), in response to critics, and he praised her to the moon, and made it sound like she was the best thing since sliced-bread.

I thought it was all a bit odd at the time, now I know it was.

King_of_simpletons's picture

It is outright lies these days in the Media. They have to hang on to the remaining gullibles who constitute the vocal idiots of the village.

Proofreder's picture

Moar like Stupidity than deliberate lies.

Nobody writes their own stuff anymore.

It's almost all just lifted (copy/pasted) from whatever source can be found on the web and the subject is never followed after page one in the Goo-all search.  Investigative Reporter seems to be a lost art with few practictioners.

That's why it's so easy to propogate a lie on the web - just add enough tags and a sexy headline; whatever necessary to elevate the position of a quote or comment in the search engine, and WOW - there it goes, cascading through Titter and Fskbook to who knows where ...

Especially if there is a picture of a race car, boobs or craft beer involved.

prains's picture

this same shit about yellin predicting the crash when in fact it's the exact opposite is being parroted in canadian main stream media it's infuriating

Spigot's picture

got.to.control.the.narrative

Element's picture

PBS NewsHour if I remember correctly, obviously Bill is pursuing his career.

Harbanger's picture

Let him share his point of view, Lola.  Then prove him wrong if you disagree, name callling is the last resort of a loser.  And go wash you stinkin vjj.

LetThemEatRand's picture

What am I proving wrong, Chelsea?

Harbanger's picture

That the experience he's describing with transfers was not real and you can prove it, because you know better.  But you didn't,  so what he is saying right now has more validity than your name calling.

IndyPat's picture

That bait didn't work. Try the Cheetos. It's what trolls crave.

LetThemEatRand's picture

I think he's Tony the Tiger meets Cheetos guy in a gay bar and they are both drunk, and then.

IndyPat's picture

There's just something about the syntax with these trolls they are putting out. It just never flows like a real person that would come here.
There's a vagueness...and the attempts to ingratiate are awkward.
Like a nark trying to sell you blow and forgot to take off his black shit kickers.
I really think this one should not have earned the Trolling Merit Badge at DHS camp.

LetThemEatRand's picture

Enjoy the down vote from these fuckers.  It means you are alive.  Fuck.  These.  Fucks.

Element's picture

The message, if you have not heard it, in every single post, is it bugged out, and you're fucked, and he's gonna watch you die, and your deserve it, and then he'll come back, scumbag buy-up your house for nix, and dance on your grave.

dontgoforit's picture

Chill out man.  Did you have a really bad night last night?  Tell us.  It's not like we don't have a few of those.  I learned yesterday that my daughter has MS.  So, don't take it too personal, pal, but you're not the only one with troubles.

gonetogalt's picture

Sorry to hear that, very worrisome, but at least ms is much more controllable now than in the past. Best wishes.

overmedicatedundersexed's picture

dontgoforit: please educate yourself on VIT D and MS, recent EU committee on MS has some very strong support for the use of VIT D and ms. I wish you both well.

dontgoforit's picture

Thanks guys.  As she is in the medical field, I know she'll be doing all the research possible, but I will pass along the Vit D info.  I appreciate you.

Harbanger's picture

"I take exception with the communist point."

Of course you do, Lola.  Drop the Left/Right paradigm.  Bankers and progressives are both on the same team.

ejmoosa's picture

We all work for the state now.

W74's picture

You all know the word for it at this point right?  I'll keep reminding until it becomes common parlance.

Radical Marijuana's picture

To belabour the obvious, economics9698:

http://tomatobubble.com/id354.html

"Yellen will become the 5th consecutive Jewish Fed Chair over the past 43 years (discounting the Gentile William Miller who only served 18 months before being suddenly replaced; 1978-79)

The statistical probability of this incredible Jewish streak (Burns, Volcker, Greenspan, Bernanke, Yellen) being 'coincidental' represents a virtual mathematical impossibility. If Jews account for just 2% of the general population, then, all things being equal, there would be a 1/50 chance of a single Jew being selected as Fed Chair. The odds of FIVE consecutive Jews would therefore be 1/50 x 1/50 x 1/50 x 1/50 x 1/50  =  1 in 312,500,000!"

Golly Gee, I wonder if who also dominates the mass media has anything to do with why Yellen's qualifications have been misrepresented?

Trampy's picture

then, all things being equal, there would be a 1/50 chance of a single Jew being selected as Fed Chair. The odds of FIVE consecutive Jews would therefore be 1/50 x 1/50 x 1/50 x 1/50 x 1/50  =  1 in 312,500,000!"

Oy Vey!  You're assuming the Fed chair is picked at random like taking marbles out of a bowl.

Speaking of marbles ... the only "people" as smart as Jews are Asians, and they don't control our banking system, at least not yet.

Jews are much better for the banker job than Asians because they're better at the shmooze.

You Goys can be so stupid!

Radical Marijuana's picture

Indeed, Trampy, the vast majority of "Goys" appear to be suicidally stupid Zombie Sheeple, who are being fleeced until they are slaughtered.

Most of the so-called "Jews" converted to that system. Being "Jewish" provided them the one of the best, ready-made book of rules to operate an organized crime gang. The international banksters are not exclusively "Jewish," however, a lot of them now fly that flag of convenience, which enables them to operate collectively, in order to have become the biggest gangsters, that have effectively legalized their frauds, and legalized the violence to enforce those frauds. As one of the leading edges of the ruling classes in the Anglo-American (Zionist) world, they are leading the way towards the supreme paradox manifested by Neolithic Civilization, which is FINAL FAILURE FROM TOO MUCH SUCCESS.

However, my perpetual caveat is that it does not matter as much who they are, as what they do, because what should be done is doing what they do better than they did. The people people who act as the top carnivores in the human ecology, i.e., those men who most prey upon other men, by controlling their energy, which have emerged more or less continuously, during the history of Neolithic Civilization, are basically organized crime, controlled by the best organized gangs of criminals. But nevertheless, the deeper realizations ought to be WHY human ecology and political economy ended up developing the current systems, so that we could do what needs to be done better.

If one wishes to indulge in possible metaphorical ways to understand how the flows of memes and genes have developed through Neolithic Civilizations:

http://blogtalk.vo.llnwd.net/o23/show/5/444/show_5444981.mp3

That is a 2 hour long audio recording of John Lash.

I do not believe most of the first hour of that is literally true, but only metaphorically "true" and that attitude continues throughout the last hour, which was by far the most interesting part of it! The closer one gets to the end of that recording, then, the more worthwhile it becomes to listen to. I do not think Lash understands the literal mechanisms and I think he therefore misses huge important chunks. I am not going to bother to repeat my world view here about how evolution of energy systems on Earth works. There are lots of other authors, e.g. David Icke, etc., that have been making the same points. But anyway, I regard John Lash as making very interesting and valid points, which are metaphorically true!

Kirk2NCC1701's picture

The biggest part of Goy stupidity is that they will sell each other out for a slice of bread. Little to NO clan loyalty.

They can thank the many centuries of breeding and Pavlovian conditioning by the Aristocracy and the Church for that, who turned them into sheep, so that THEY might benefit all these centuries.

Even to this day they fail to realize this truth, and their pathological case of the Stockholm Syndrome will usually cause them to attack each other, rather than their traditional Overlords.

Whatever "power" these "Jews" (original or converted) acquired, was freely given to them by the power-hungry and war-loving Aristocracy.

There's plenty of "blame" to go around.

mvsjcl's picture

Ha ha. You're wrong. I have LOTS of loyalty to my Chicago Bears. So THERE!

duo's picture

There were a lot of kings that needed to borrow money in the last 2000 years.  IIRC, early Christianity had issues with ursury, not so with the Jews.  So if you needed money for a war/crusade, you had to borrow it from those willing to lend it.

Ar-Pharazôn's picture

that's one of the most stupid things i've ever read here on zh

Element's picture

So Reggie's too dumb on this banking stuff and needs to get his lieing kike on?

KidHorn's picture

I read something a few years ago on the subject of IQ and religion/race. Jews did better than chrisitans as a whole, but episcopalians did better than Jews. Episcopalians did better than everyone, although at the top the differences were very small. I guess there's a reason England dominated for so long even though it's a tiny island.

shovelhead's picture

It's King Henry's Secret Sauce.