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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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Thu, 10/17/2013 - 22:20 | Link to Comment NemoDeNovo
NemoDeNovo's picture

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

Thu, 10/17/2013 - 22:21 | Link to Comment macholatte
macholatte's picture

 

 

 

The can shall be kicked.

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

--  Pharaoh Rameses II

 

Thu, 10/17/2013 - 22:21 | Link to Comment NemoDeNovo
NemoDeNovo's picture

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

Thu, 10/17/2013 - 22:30 | Link to Comment economics9698
economics9698's picture

Communist Tribe Member.

Thu, 10/17/2013 - 22:34 | Link to Comment LetThemEatRand
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?

Thu, 10/17/2013 - 22:46 | Link to Comment markmotive
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...

Thu, 10/17/2013 - 23:07 | Link to Comment banzai401
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.

Thu, 10/17/2013 - 23:12 | Link to Comment LetThemEatRand
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...."

Thu, 10/17/2013 - 23:14 | Link to Comment banzai401
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.

Thu, 10/17/2013 - 23:17 | Link to Comment LetThemEatRand
LetThemEatRand's picture

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

Thu, 10/17/2013 - 23:51 | Link to Comment defender
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..."

Fri, 10/18/2013 - 00:18 | Link to Comment IndyPat
IndyPat's picture

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

Fri, 10/18/2013 - 00:40 | Link to Comment defender
defender's picture

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

Fri, 10/18/2013 - 04:21 | Link to Comment Squid-puppets a...
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

Fri, 10/18/2013 - 04:41 | Link to Comment Element
Element's picture

Davros had nicer eyes.

Fri, 10/25/2013 - 01:28 | Link to Comment Offthebeach
Offthebeach's picture

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

Fri, 10/18/2013 - 09:11 | Link to Comment BLOTTO
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...

Fri, 10/18/2013 - 09:44 | Link to Comment venturen
venturen's picture

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

Fri, 10/18/2013 - 10:34 | Link to Comment Lost Word
Fri, 10/18/2013 - 04:42 | Link to Comment Element
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.

Fri, 10/18/2013 - 07:22 | Link to Comment King_of_simpletons
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.

Fri, 10/18/2013 - 10:43 | Link to Comment Proofreder
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.

Fri, 10/18/2013 - 11:28 | Link to Comment prains
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

Fri, 10/18/2013 - 09:27 | Link to Comment Spigot
Spigot's picture

got.to.control.the.narrative

Fri, 10/18/2013 - 10:13 | Link to Comment Element
Element's picture

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

Thu, 10/17/2013 - 23:56 | Link to Comment Harbanger
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.

Fri, 10/18/2013 - 00:18 | Link to Comment LetThemEatRand
LetThemEatRand's picture

What am I proving wrong, Chelsea?

Fri, 10/18/2013 - 00:24 | Link to Comment Harbanger
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.

Thu, 10/17/2013 - 23:15 | Link to Comment IndyPat
IndyPat's picture

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

Thu, 10/17/2013 - 23:19 | Link to Comment LetThemEatRand
LetThemEatRand's picture

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

Thu, 10/17/2013 - 23:27 | Link to Comment IndyPat
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.

Thu, 10/17/2013 - 23:52 | Link to Comment LetThemEatRand
LetThemEatRand's picture

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

Fri, 10/18/2013 - 07:56 | Link to Comment Element
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.

Fri, 10/18/2013 - 09:18 | Link to Comment dontgoforit
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.

Fri, 10/18/2013 - 10:10 | Link to Comment gonetogalt
gonetogalt's picture

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

Fri, 10/18/2013 - 10:29 | Link to Comment overmedicatedun...
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.

Fri, 10/18/2013 - 10:35 | Link to Comment dontgoforit
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.

Fri, 10/18/2013 - 00:44 | Link to Comment Harbanger
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.

Fri, 10/18/2013 - 09:35 | Link to Comment ejmoosa
ejmoosa's picture

We all work for the state now.

Thu, 10/17/2013 - 23:01 | Link to Comment W74
W74's picture

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

Thu, 10/17/2013 - 23:53 | Link to Comment Radical Marijuana
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?

Fri, 10/18/2013 - 00:04 | Link to Comment Trampy
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!

Fri, 10/18/2013 - 01:26 | Link to Comment Radical Marijuana
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!

Fri, 10/18/2013 - 03:06 | Link to Comment Kirk2NCC1701
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.

Fri, 10/18/2013 - 07:18 | Link to Comment mvsjcl
mvsjcl's picture

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

Fri, 10/18/2013 - 09:36 | Link to Comment duo
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.

Fri, 10/18/2013 - 07:33 | Link to Comment Ar-Pharazôn
Ar-Pharazôn's picture

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

Fri, 10/18/2013 - 08:00 | Link to Comment Element
Element's picture

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

Fri, 10/18/2013 - 08:13 | Link to Comment KidHorn
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.

Fri, 10/18/2013 - 09:24 | Link to Comment shovelhead
shovelhead's picture

It's King Henry's Secret Sauce.

Fri, 10/18/2013 - 08:15 | Link to Comment gavrilo princip
gavrilo princip's picture

I think there are a good chances of her being the last FED chairman, of any group ethnic or religious. The world where aprox 10 percent owns almost every asset on the planet has had a long timeline, and is nearing the inflection point. Most of the commentators on ZH are in that top 10 percent, so imagine how would the other 90 percent feel if they knew the state of the things. 

Fri, 10/18/2013 - 07:58 | Link to Comment BigJim
BigJim's picture

 The statistical probability of this incredible Jewish streak (Burns, Volcker, Greenspan, Bernanke, Yellen)

Except Volker wasn't a Jew.

Fri, 10/18/2013 - 08:05 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

bigjim you are saying the numbers are off a little, but does it refute the premise??

Fri, 10/18/2013 - 08:08 | Link to Comment cnmcdee
cnmcdee's picture

What would the Jews do if everyone joined them? Who would they screw..

 

It's sorta amalgamous to who buys stuff from the Dollar Store and Wal-mart in China?  I heard they have 10 pallets of discounted rice at the entrance to get people in China to even enter walmart, in hopes they might buy something else.. They don't, they buy the rice and leave..-

 

Fri, 10/18/2013 - 09:29 | Link to Comment Croesus
Croesus's picture

@ cnmcdee: In reply to your question "What would the Jews do if everyone joined them? Who would they screw.."

If you want an honest answer to that question, you should go straight to the source! Check out a book called "Jews Must Live", by Samuel Roth. 

http://www.amazon.com/Jews-Must-Live-Samuel-Roth/dp/B00656VVGU/ref=sr_1_1?ie=UTF8&qid=1382102817&sr=8-1&keywords=Jews+must+live

 

Fri, 10/18/2013 - 09:54 | Link to Comment Zero Debt
Zero Debt's picture

It's a lot easier to get selected if you are already chosen.

Thu, 10/17/2013 - 22:52 | Link to Comment banzai401
banzai401's picture

Well 'kick the can' is/was deferral,

We have now entered the final dark ages... the 'big show'

It's 1972, and we know that there will be 'majick'

For the gold/money people its 1972,... for the POOR its nazi germany 1938.

So much going on, and what is most sad about ZH is the good stuff is never fucking mentioned.

Take today..

1.) china drops the USD from 'A' to '-A', that's going to kick in all kinds of DUMP USA debt in asia

2.) Obama appoints '007 license to kill' to run DHS

3.) China is talking about moving its gold acquistion from 2,000 tons a year to 5,000 tons

4.) Syria bitch slap,... uncle sam is going home to fuck his own people and hard,...

For the 'little people' its 1938 nazi germany and they are all joos, for the big people, they got to reset like 1972 or ALL is lost.

Fri, 10/18/2013 - 00:28 | Link to Comment chubbyjjfong
chubbyjjfong's picture

ZH ran the US downgrade by chinese rating agency story yesterday.  Keep up dude.

Fri, 10/18/2013 - 08:04 | Link to Comment Element
Element's picture

Plus GW covered the DHS thing, and the 5,000 ton thing was mentioned and linked.

Thu, 10/17/2013 - 23:25 | Link to Comment dtwn
dtwn's picture

This stupid bitch has no clue:

From her speech on 03/04/13, http://www.federalreserve.gov/newsevents/speech/yellen20130302a.htm

The Costs of Asset Purchases
Turning to the potential costs of the Federal Reserve's asset purchases, there are some that definitely need to be monitored over time. At this stage, I do not see any that would cause me to advocate a curtailment of our purchase program.

To address one concern that I have heard, there is no evidence that the Federal Reserve's purchases have impaired the functioning of financial markets, and, while we continue to monitor market function carefully, so long as we pursue our purchases sensibly, I do not expect market functioning to become a problem in the future. Further, I've argued previously, and still judge, that the FOMC has the tools it needs to withdraw accommodation, even if the balance sheet at that time is large. These tools include a new one, approved by the Congress during the financial crisis, which allows the Federal Reserve to pay banks interest on their reserves. A suite of supporting tools, such as reverse repurchase agreements with a wide range of counterparties and the Term Deposit Facility, are routinely tested to make sure that the Federal Reserve is prepared to use them and that they will work as planned.

Fri, 10/18/2013 - 03:22 | Link to Comment Nothing but the...
Nothing but the truth.'s picture

- And they've run out of road.

Fri, 10/18/2013 - 04:14 | Link to Comment Mentaliusanything
Mentaliusanything's picture

Depression is how I read it. .... run out of Road, Yes that can be a painfull Bitch

Fri, 10/18/2013 - 09:29 | Link to Comment dontgoforit
dontgoforit's picture

'no evidence that....had any effect.'  They're killing me.  If TARP, QE and all the rest of the meddling govt/Fed bullshit had never happened, the system would have corrected itself via free-market principles and by now we'd be headed up on a line that would have been real.  All this meddling has made fundaments meaningless.  No effect?  What a dumbass statement.

Fri, 10/18/2013 - 09:44 | Link to Comment Zero Debt
Zero Debt's picture

But not of cans.

Fri, 10/18/2013 - 09:52 | Link to Comment RSloane
RSloane's picture

That's a good description. A far lesser trajectory arc and a far less distance gained.

@ Demo

Thu, 10/17/2013 - 22:32 | Link to Comment banzai401
banzai401's picture

Janet Reno

Napilitano

Rush Limbaugh / Fatty Arbuckle

J 'Gay' Edgar Hoover

Hillary 'bitch' Clitoris Clinton

Valerie Jarrett

Obama ( little bitch ) & Reverend Wright ( big bitch ), Rahm Emmanuel, all same chicago bath-house for 'men with special needs'...

What do they all have in common? "Huge Camel Toes"

WHY?

Loyalty, trust, persecution, 'belonging to the club'

***

Look at this way the USA is a kleptocracy, a gubmint ran by common criminal gangs. There are secret leaders behind the scenes, but we will never see them.

What better people to put into power than a minority that is loyal and see themselves and victims and want to 'knock down' all the 'normal people'.

I mean if you wanted to run a gubmint, and wanted loyalty, you would want sex deviants, lazy losers, liars, the kind of people that cannot survive outside of politics.

The above said the american people get the gubmint they deserve by their owners.

Fri, 10/18/2013 - 02:25 | Link to Comment HL Shancken
HL Shancken's picture

There seems to be a race to the bottom of the intellectual gutter between you and LTERand.

Thu, 10/17/2013 - 22:28 | Link to Comment Anusocracy
Anusocracy's picture

Go to hell old woman.

Thu, 10/17/2013 - 22:52 | Link to Comment IndyPat
IndyPat's picture

Or...go to hell old women dude

Thu, 10/17/2013 - 23:39 | Link to Comment Dinero D. Profit
Dinero D. Profit's picture

Because she is so short Yellen thinks she is guillotine immune.

Fri, 10/18/2013 - 00:17 | Link to Comment Trucker Glock
Trucker Glock's picture

In Syria, they (McCain's Army) just lay you in the street with your head on the curb.  Lots of curbs in DC and NYC.

Fri, 10/18/2013 - 09:32 | Link to Comment dontgoforit
dontgoforit's picture

It's a highway to hell, but a stairway to heaven, so I guess there's gonna be alot more traffic headed south than north.  Speaking of which, what if the Confederacy had won the Civil War?  The Fed most likely would have only half as many people to be screwing as the secessionists would never have put their teat in that wringer.

Fri, 10/18/2013 - 00:04 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Larry Summers resents that remark.

Fri, 10/18/2013 - 07:59 | Link to Comment cnmcdee
cnmcdee's picture

Scouly Yellin looks about as happy as a woman who hasn't  been layed in three years and you just let know you banged her daughter - MGTOW!!

Fri, 10/18/2013 - 09:49 | Link to Comment rpboxster
rpboxster's picture

The wookie likes 'em

Thu, 10/17/2013 - 22:22 | Link to Comment rlouis
rlouis's picture

dang... less likely to pop a bubble

Thu, 10/17/2013 - 22:22 | Link to Comment banzai401
banzai401's picture

"Show Me Your Camel Toe, and Then I will Know that you are one of us" - Obummer 2007

Thu, 10/17/2013 - 22:23 | Link to Comment Atomizer
Atomizer's picture

Who cares what Yellen has to say. The cunt isn’t even in office and the media is crafting fifth column news clips

Thu, 10/17/2013 - 22:29 | Link to Comment banzai401
banzai401's picture

She may be MORE 'capable'

Greenspan was just a nobody, before he was groomed.

Bernanke is probably the first 'theatre clown' they have had with an ivory edoocation.

We all know its just about 'talking shit', ... Tony Blair would be the ultimate person for this job.

White House press corp MTBF [ mean time between brain-fart failure ) is what months?

You have to wonder how these guys ( and gals ) can lie for so long?

Thu, 10/17/2013 - 23:39 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

You have to wonder how these guys ( and gals ) can lie for so long?

I think the quote is something close to this: If you tell a lie long enough, it will become truth.

Thu, 10/17/2013 - 22:31 | Link to Comment Yenbot
Yenbot's picture

Thank you for NOT posting a pic of N! EXPOSED in this article, TD...

Thu, 10/17/2013 - 22:30 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Yellen has been there the whole fucking time, lying her ass off. Takes around 5 seconds to pull her pathetic record up.

Claiming ignorance it typical of everyone these days. Especially the MSM hacks who report nothing and deflect all criticism when confronted with the facts and truth.

Thu, 10/17/2013 - 22:31 | Link to Comment CunnyFunt
CunnyFunt's picture

Somebody needs to be the "fall guy".

Thu, 10/17/2013 - 22:39 | Link to Comment banzai401
banzai401's picture

del

Thu, 10/17/2013 - 22:39 | Link to Comment LetThemEatRand
LetThemEatRand's picture

What is your agenda, banzai401?  You say you hate RP but you also say you hate the Fed.  What's your deal?  Just tell us.

Thu, 10/17/2013 - 22:44 | Link to Comment banzai401
banzai401's picture

I don't HATE anything,..

Do you eat Rand Paul? Or do you eat Ayn Rand?

I think your the hater.

I just like looking for 'elephants', you know the allegory of the blind-men, and the elephants,

one has a leg another an ear, another his finger up the elephants warm ass, ... to one its a tree, to another its a fan, and to the last its America.

I think if we all view the 'elephant' from our position, then we can 'see'.

I have no passion for Ron Paul, I have watched his 'sheep' for years, and my observations are my observations, that he manages to get the Texas 'hair-lip' vote for 40+ years, and he's a hypocrite, ... so fucking what? Did he shut down the FED fuck no, once he was on 'banking' did he make changes? Fuck no. All bark and no bite,...

Thu, 10/17/2013 - 22:46 | Link to Comment LetThemEatRand
LetThemEatRand's picture

So you answer is a non-answer.  Fine.  What do you want to say?  What is your fucking point.

Thu, 10/17/2013 - 22:54 | Link to Comment banzai401
banzai401's picture

You are a BOT.

Thu, 10/17/2013 - 23:00 | Link to Comment IndyPat
IndyPat's picture

You've been here 4 days and you are calling him a bot?
Troll calling the kettle black?
Fuck off....god, spare us the troll incursion....

Thu, 10/17/2013 - 23:17 | Link to Comment Atomizer
Atomizer's picture

banzai401 is just one of 72 virgins Obama prays about.

Fri, 10/18/2013 - 03:45 | Link to Comment theliberalliberal
theliberalliberal's picture

doubt it

 

(s)he be mingin'  if the profile pic is accurate

Fri, 10/18/2013 - 10:12 | Link to Comment Running On Bing...
Running On Bingo Fuel's picture

Well it's important to note that he is 'suspected' to be one of 72 virgins Obama prays about in his jacket. Just for future reference.

Over.

Thu, 10/17/2013 - 23:47 | Link to Comment CPL
CPL's picture

http://southasia.oneworld.net/newsmakers/malala-yousafzai-awarded-top-fr...

...but you might be.  Unless you are 15 year old world famous author Malala Yousafzai hanging out on a blog dedicated to trading and trade with a bunch of old farts.

Fri, 10/18/2013 - 08:02 | Link to Comment BigJim
BigJim's picture

 Did he shut down the FED fuck no,

LOL, and exactly how is one man in congress going to shut down the Fed?

Dumb troll is dumb.

Thu, 10/17/2013 - 22:46 | Link to Comment CunnyFunt
CunnyFunt's picture

You forgot to up-vote yourself.

Thu, 10/17/2013 - 22:40 | Link to Comment banzai401
banzai401's picture

You can't diss Obama cuz that would be 'racist'

You can't diss YELLEN cuz that would make you a queer-hater,...

Politically correctness at its finest.

It don't fucking matter who runs the FED, .. and OBUMMER has to give a BONE to the HILLARY-CLINTON WHITE-LESBIAN BITCH TRIBE, ... THEY WANT BLOOD. ( Feinstein, Pelosi... )

Thu, 10/17/2013 - 22:33 | Link to Comment noob
noob's picture

...and (s)he screams...
The Dave Thomas Comedy Show: Max von Sydow
http://www.youtube.com/watch?v=-Pb6iI1r8zw

Thu, 10/17/2013 - 22:38 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

The burning question for Ms. Debtfire is, can she differentiate between Bazooka, Bub's Daddy or Bubblicious....

Thu, 10/17/2013 - 22:46 | Link to Comment FieldingMellish
FieldingMellish's picture

Always enjoy a good Peter Schiff "I told you so" video.

Thu, 10/17/2013 - 22:49 | Link to Comment GMadScientist
GMadScientist's picture

I for one am looking forward to learning what Romulan monetary policy has to offer.

Thu, 10/17/2013 - 22:56 | Link to Comment brak
brak's picture

classic!  I always thought she looked like a lego person with the yellowish tint and that charles bronson haircut

Fri, 10/18/2013 - 09:39 | Link to Comment Croesus
Croesus's picture

@ brak: 

She looks that way because she probably got anally assaulted by Zorak. 

(Is that show even still on?) 

Thu, 10/17/2013 - 22:57 | Link to Comment IndyPat
IndyPat's picture

That's so fucking great! + 100,000,000
Romulan....ahhhhh....I knew I recognized him...er...her....a...yeah

Fri, 10/18/2013 - 08:21 | Link to Comment GMadScientist
GMadScientist's picture

It's Pat!

Thu, 10/17/2013 - 22:56 | Link to Comment the grateful un...
the grateful unemployed's picture

okay peter you work twice as hard as a government bureaucrat, and for that you should have made a lot of money (of course they have a lot of power, do very little real work, and can't use their brains, if they have them) so being a stupid bureaucrat (obummer) makes you roughly equivalent to somebody with a two year college degree, only with a lot more power to make policy.

Thu, 10/17/2013 - 23:02 | Link to Comment Eternal Complainer
Eternal Complainer's picture

She reminds me of captain kangaroo in drag.

Thu, 10/17/2013 - 23:48 | Link to Comment CPL
CPL's picture

HA...holy shit...I can't unsee it.

Fri, 10/18/2013 - 07:58 | Link to Comment kralizec
kralizec's picture

Yup.  Thanks a lot EC...that image is just not going away!

Fuck!

Shit, my Tourette's got activated too...sumbitch!

Fri, 10/18/2013 - 09:35 | Link to Comment shovelhead
shovelhead's picture

I wish you hadn't done that.

Coffee everywhere.

Thu, 10/17/2013 - 23:06 | Link to Comment Downtoolong
Downtoolong's picture

The only question on my mind is how long before she hires a consulting firm comprising Bernanke, Greenspan, and Krugman to tell her what to do, because, she’s a reflector, without an original idea in her head, and no idea what to do. In other words, she’s a bureaucrat.

Thu, 10/17/2013 - 23:09 | Link to Comment IndyPat
IndyPat's picture

I'm not entirely sure that's not baked into the deal

Fri, 10/18/2013 - 08:22 | Link to Comment GMadScientist
GMadScientist's picture

They have a spinning dartboard for that kind of "stochastic analysis".

Thu, 10/17/2013 - 23:12 | Link to Comment Seize Mars
Seize Mars's picture

Yellen is another low-life, filled with self importance that is enabed by Lord Rothschild. She is another counterfeiter.

An ordinary crook. Ordinary. A regular rip off who just can't make herself work for a living.

Thu, 10/17/2013 - 23:21 | Link to Comment TrulyBelieving
TrulyBelieving's picture

Agreed, looks like she meets all the requirements will do a fine job.

Thu, 10/17/2013 - 23:21 | Link to Comment IndyPat
IndyPat's picture

Pant suits. Birkenstocks. Yellow grey mop top. Berkeley alma matter...
She's so ripe for the haten' to come.
WB7 is going to mine this like a 49er.

Thu, 10/17/2013 - 23:50 | Link to Comment ebworthen
ebworthen's picture

Janet Yellen = QE Queen.

She will keep the juice flowing to Wall Street.

There might be a token attempt at QE to pretend the FED is not a lackey for Wall Street.

Then...Wall Street will crash the markets and the illusory Ponzi scheme of 401K's, IRA's, and Pension funds...to force more debt on the backs of future generations to perpetuate the lies that were first told in 1913 with the creation of the FED and the Personal Income Tax.

Then they will attempt to float the Titanic again with promises of "saving the economy" that is perpetually and irrevocably sunk to the bottom of the sea.

Questions?

Thu, 10/17/2013 - 23:22 | Link to Comment Ass to Mouth
Ass to Mouth's picture

Oh, Janet, all over your face, you decrepit Keynesian slob.

Thu, 10/17/2013 - 23:23 | Link to Comment stinkhammer
stinkhammer's picture

she must've been something before electricity

Thu, 10/17/2013 - 23:32 | Link to Comment Sizzurp
Sizzurp's picture

Those Schiff vids are a nice reminder of how hard it can be to go against the herd mentality.  Human nature is a powerful thing.  We always forecast more of whatever we are currently experiencing.  That being said, riding along on a powerful trend can get you rich, as long as you know when to say when and get the hell off the train.  Easier said than done.

 

Thu, 10/17/2013 - 23:41 | Link to Comment reTARD
reTARD's picture

<--- I just got exposed. That's why my eyes are closed. LOL. +1 Peter Schiff

Of course Yellen will print. In fact she will accelerate the printing. That was why her masters brought her in. Perhaps the media can talk about tapering again, LOL. Like Peter has said they cannot taper; it's impossible to taper. Instead of tapering they actually need to increase printing and greatly. Again, exactly why Ben wasn't good enough and why Yellen was needed.

Thu, 10/17/2013 - 23:42 | Link to Comment janus
janus's picture

there's a trend emerging here on the Hedge; as trends go, it's of the disturbing sort.

does it involve janus?  directly so.

is it unfair in the extreme?  you bet it is.

can anything be done about it?  that's what janus aims to resolve.

 

the dilemma and its throny horns:  there seems to be a direct and proportional connection between the volume of alcohol i've imbibed and the down votes cast against me (scandalous!).  and i suppose this obersavtion would've passed unobserved had it not been for a strange development in recent weeks.  it's like this -- janus has been slack and irresponsible with respect to his alcoholic intake...so much so that i've failed to crack open a brewski or uncork a vino in the past fortnight or so.  it hasn't anything to do with leaf-turning or soul-searching; just got bored with the stuff.  that, and i'm nearing a period of serious writing -- so i'm sorta spiraling in on razor-sharp mental acuity (exhausting!).

as such, the fear i may be slouching about like some sentimental green-arrow-vote-getter is very real, well warrented and calls for an agressive campaign of offensiveness.  i believe i'm up to the challenge.  get yer trigger-finger ready, haters -- this shall wound the sanctimonious and jostle their sensibilities something fearsome.  for the rest of you, you're welcome.

while the rest of the talking heads were up to their noisome monkey-business, janus was pacing across the planks of his balcony conjuring all the questions that should've been asked (but weren't) and then supplying the best possible answers.  sometimes i share; and that's why i'm here tonight...neglecting mrs. janus, as it were...i live to give, bitchez.

should we be concerned that janet yellen was born a woman?  i believe it's rather obvious that we should.  yes, it is highly corageous of me, risking a matchless reputation for politically correct sensitivity; but i do it to not only demonstrate an innate and commendable brand of bravery, i ask and answer these questions because i have to; because it's my job; because that's what heroes do.

as a rule, janus just doesn't notice race, gender, etc...i'm altogether blind to these silly irrelevances over which the many of you fret endlessly.  it is for these reasons and others too impolite to mention that i hadn't, until most recently, alerted to the fact that this yellen charecter is in all likelihood female.  and i wouldn't normally have paid this too much mind if i hadn't discovered it ever-so shortly before i heard an informative piece on NPR.

according to NPR, women are terrible at mathematics.  it's a nut that they cannot seem to crack.  now, if you paid attention to the 'verbage' in the report, you may have come away with a different conclusion.  but janus has been sold on this notion of democracy and collective wisdom, and the like...and so, this report revealed that some gaggle of sociologists (noblest of all academic callings) conducted this study, wherein they presented two identical resumes for a math-laden profession to all sorts of people (men and women alike), and the only thing differentiating the two was the name at the header -- one male, the other female.  it seems collective wisdom was of a single accord.  sack the chic and hire the sire.  

mind you, they followed this study's conclusions up with conclusions of thier own.  the reporter and some english professor at yale were prattling on and on about how awful men are for not thinking in more approved modes, and how they were down-right wicked for convincing women according to the same.  at least, i guess that's what they were saying, i tend to tune women out when they're talking numbers.

and then there's the little issue of menstration...once those goddam algos sync-up with her cycle, it's all over.  bye-bye, USD.  ten-year T-note, forget about it.  convexity?  fuck you.  yeild curve flattening is gonna...well, it's gonna bulge in all the wrong places. 

and you better believe we'll all suffer through the worst possible phase of menopause...hot-flashes and unexplained rashes will be all the talk round about maiden lane.

  http://www.youtube.com/watch?v=Psm96Dn9KII

sometimes it's hard to be a woman,

janus

Fri, 10/18/2013 - 00:09 | Link to Comment IndyPat
IndyPat's picture

For,my part, I wasn't dogging her out for something as low and superficial as being a woman.

It's that whole ugly thing she has going on. Anyway....

What's more, I'd respectfully disagree on other grounds as well. I'm not sure it's the math part of her background that's the problem. I'm thinking it's more about the ideology and philosophy of the nest this fucking duckling was hatched in.

Edit to add: comment - this bit was priceless!
"once those goddam algos sync-up with her cycle"

Fri, 10/18/2013 - 01:24 | Link to Comment janus
janus's picture

indypat,

thank you, my friend. and as it is above, to you, so it is below, to ebotwen (and good to see you again)...thank you, too.

yes, gentlemen, it's not only that she's spent the totality of her career cocooned within the hermetically sealed halls of academia -- where the consequence for idiocy is promotion and tenure and the wages for right-thinking are ridicule, scorn and walking papers -- it's that she's flourished by dent of a whacked-out sophistry posing as science; and while this slop was accorded every scholastic stamp of approval (and those who disagreed were exiled to insignificance) the accepted monetary philosphy was yet again, and in real time, demonstrating its intrinsic flaws as to insolvency.

it'd be fun to try and predict what they'll call inflationary/fiat/banker-benefiting-printing several generations from now, once the collected keynsian texts are sent windmilling into wastebins the world-over...my guess is it'll be an asian sirname -- you know, after they corner (and then benefit) from gold-based trade, then craftily manipulate their citizen's trust with fancily worded academic treatises...and then collapse the formerly gold-backed fiat to reward the banksters that back their political campaigns (full circle) -- yes, well, my guess is dongian economics.  a cagy theory midwifed by professor long duck dong, of the beijing school of econ.

here's a clip from his frat days, long before the famous dissertation that launched a career:

http://www.youtube.com/watch?v=5CwA6LCyC7g

automobile?,

janus

 

Fri, 10/18/2013 - 00:23 | Link to Comment ebworthen
ebworthen's picture

Inculcation into the cult of delusional thinking and doing the wrong immoral unethical thing as a solution to wrong immoral unethical actions is a disease that knows no gender, racial, ethnic, age, or political persuasion boundaries.

Janet is a hapless academic cul-de-sac devotee with a long history of rainbow chasing.

My Leprechaun sends his regards.

Fri, 10/18/2013 - 01:45 | Link to Comment janus
janus's picture

i got so caught up with dongian economics (it happens) that i neglected to mention something.

Your Leprechaun owes me twenty bucks; but tell him i'm grateful nonetheless.

http://www.youtube.com/watch?v=DM7CL-Vyo1U

only in alabama!  

i wan dat pot o' gold,

janus

Fri, 10/18/2013 - 01:55 | Link to Comment ebworthen
ebworthen's picture

lol...thanks.

Pot O' Gold indeed!

Special Leprecahaun Flute!

"Whiskey is fine!"

Fri, 10/18/2013 - 10:05 | Link to Comment RSloane
RSloane's picture

Mathematics doesn't enter into it when the numbers are fabricated out of sheer willfulness to sell the notion that the recession supposedly ended in 2009 and the populace should be grateful participants in their part-time, wage-suppressed, no benefits nation. Menopause has nothing on that.

 

Edit: @ Janus

Thu, 10/17/2013 - 23:53 | Link to Comment joego1
joego1's picture

Behold Hyperyellen the fiatmaster has awaken!

Fri, 10/18/2013 - 00:14 | Link to Comment rlouis
rlouis's picture

Thanks Peter, it's always nice to validate an opinion with facts, I appreciate your work in uncovering the media bs and providing us with Yellin's own words.

Fri, 10/18/2013 - 00:17 | Link to Comment MFLTucson
MFLTucson's picture

The perfect choice for Obama another phony.

Fri, 10/18/2013 - 00:52 | Link to Comment hustler etiquette
hustler etiquette's picture

Peter Schiff for fed chairman. 

Fri, 10/18/2013 - 01:46 | Link to Comment Rock On Roger
Rock On Roger's picture

Stack On

Fri, 10/18/2013 - 01:57 | Link to Comment ItsDanger
ItsDanger's picture

The Bulls & Bears part of the video (around 28:00) is classic.  Must watch.  Most of those clowns are still on TV when they should have been permanently banned for being so wrong.

Fri, 10/18/2013 - 02:17 | Link to Comment F-Tipp
F-Tipp's picture

Peter wasn't the only one warning about this, certainly. However, his clips are the best ones that demonstrate the complete disconnect from reality of ""media experts"". We can look back on it now and laugh at all these people, but I'm really happy that Peter had the courage to keep coming back, even when everyone laughed in his face on national TV.

It's easy for everyone here to spout their opinions (not that we're right/wrong), but to go on TV and stake your character, reputation, and future of your business on what you believe takes some balls. Schiff can gloat all he wants for all I care.

Fri, 10/18/2013 - 02:22 | Link to Comment zebrasquid
zebrasquid's picture

Yellen is a woman?
Qualitative easing..

Fri, 10/18/2013 - 05:51 | Link to Comment 22winmag
22winmag's picture

Depending on the time of month... but perhaps she is a little too old for that.

Fri, 10/18/2013 - 02:33 | Link to Comment polo007
polo007's picture

According to Deutsche Bank:

https://app.box.com/s/otdvclw8ijxzflhkhem6

October 8, 2013

Bretton Woods III and the Global Savings Glut

Summary

History suggests that periods of global economic expansion are characterized by symbiotic imbalances rather than balanced arrangements that satisfy theoretical ideals. Therefore, it is important to understand the factors that drive the imbalances in each period as well as the resulting distortions. In our view, demographics will have a significant impact on the future trajectory of the world economy. In this report we specifically focus on the implications on savings and current accounts.

Population trends imply that we are entering a phase where rapid aging will cause many countries to generate persistent current account surpluses. This raises the question – who will generate the world’s deficits?

World demographics is not neatly spaced out such that some countries generate surplus savings exactly when others need to fund deficits. Moreover, there are many factors that may prevent surplus countries from funding deficit countries. Thus, we have a situation where countries like India, Brazil and Indonesia may attempt to tame their deficits before old countries like Japan and Germany enter their dissaving phase. The resulting savings glut could be further exacerbated by a likely increase in China’s current account surplus.

Thus, the emerging international economic system, dubbed by us as Bretton Woods III, will yet again depend on the United States to act as the demand source of last resort. Meanwhile, demographics will hold down the real cost of international capital whether or not the US decides to absorb part of it. In turn, the ability of world’s financial system to allocate excess savings will be tested again. Young emerging markets with the ability to sensibly deploy cheap capital could benefit disproportionately from this environment.

Fri, 10/18/2013 - 02:44 | Link to Comment JPMorgan
JPMorgan's picture

I personally don't think Obama wanted Yellen, he would of preferred Summers but the guy was smart enough to see the ship was sinking and couldn't be saved so he baled.

Whoever got the job would of been painted as the best thing since sliced bread, it's just the normal bullshit fanfare of the bankers owned main stream media.

Fri, 10/18/2013 - 03:06 | Link to Comment Professorlocknload
Professorlocknload's picture

Yellen is just another appointment consistant with maintaining continuity in government on a parallell with a bar scene in Star Wars. Not much more.

https://www.youtube.com/watch?v=B-seOM8ugrw

Bazerkeley, indeed!

Fri, 10/18/2013 - 05:32 | Link to Comment Sufiy
Sufiy's picture

More info on Janett Yellen and FED new playbook written by michael Woodford:

 Peter Schiff separates truth from the mass media hype about Janet Yellen's real track record. As we have discussed before, her core beliefs are even more neo-keynesian than those of Ben Bernanke. The new play book for the FED is written by Michael Woodford and it will be even more fundamentally positive for the Gold. We can expect continuation of "pro-growth policies" with very little regard for the created bubbles along the way.
  Peter was right about the Housing Bubble in 2006, he was right about the "Tapering" in September, what will happen if he is right again with his Call on Gold? We will provide his discussion on Gold and our entry on Michael Woodford to dig it out more for interested.

http://sufiy.blogspot.co.uk/2013/10/peter-schiff-on-gold-catalyst-janet.html#

Fri, 10/18/2013 - 05:44 | Link to Comment TuesdayBen
TuesdayBen's picture

I just watched the entire linked Schiff video. Thanks to Mr Schiff for taking the time to expose the MSM and Gubmint lies/propaganda, and thanks to ZH for providing a platform for dialogue and truth.
The lies and propaganda today are pervasive and sickening, indicative of widespread moral and intellectual sloth. It is a very sorry condition. These are strange, irrational, dangerous times. I don't know how things will play out, but I am confident there will be great pain for many.

Fri, 10/18/2013 - 06:01 | Link to Comment vnguru
vnguru's picture

all Pics is really impressive! thanks for nice share on that. Winner will be King...lossers will be slave...

http://www.youtube.com/watch?v=gK3nUmy3J8g

Fri, 10/18/2013 - 06:40 | Link to Comment geewhiz
geewhiz's picture

Dispense with the theater, they are replacing a he AshkeNAZI criminal with a she AshkenNAZI criminal to do their bit for the Zionist cause. End of argument.

Fri, 10/18/2013 - 06:53 | Link to Comment Racer
Racer's picture

51m

Word of the day - THROTTLEBOTTOM - an inept or dishonest person who holds public office."

Fri, 10/18/2013 - 07:20 | Link to Comment YHC-FTSE
YHC-FTSE's picture

We used to say that the media never let the truth get in the way of a good story. Nowadays,  we can conclusively say that the media never let the truth get in the way of propaganda.

Fri, 10/18/2013 - 07:28 | Link to Comment Ghordius
Ghordius's picture

sometimes it's not even propaganda, just "truthiness". which is completely understandable in the context of "the customer is king" and "supply what customers demand"

Fri, 10/18/2013 - 07:21 | Link to Comment Quinvarius
Quinvarius's picture

I was wondering if this clip would show up here when I watched it last night.  It is really hard to watch those turkey's ridicule Schiff towards the end.  They are definition of hubris, to put it in a nice way.

Fri, 10/18/2013 - 07:33 | Link to Comment SubjectivObject
SubjectivObject's picture

Lies, damn lies, and Jewish Media.

Why look so surprised?

Fri, 10/18/2013 - 09:51 | Link to Comment Zero Debt
Zero Debt's picture

Your're repeating yourself.

Fri, 10/18/2013 - 08:09 | Link to Comment Balvan
Balvan's picture

Does anyone have any pictures from her younger days, I'm curious if she was equally ugly?

Bernanke's face was not a nice sight but thought that i will have to look at her everytime I read business news gives me creeps.

Do NOT follow this link or you will be banned from the site!