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Janet Yellen Exposed - The Truth Behind The Myth
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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bwahahaha Mike Norman is still THE most clueless of all the laughing clueless crew.
"Janet Yellon Exposed". Well, Hugh Hefner is getting older - maybe his tastes have finally changed.
Where did they find Yellen, on the Yellow Brick Road? She looks like a Munchkin.
THANKS FOR POSTING THIS!
Ms. Yellen would be much less likely to attack an asset bubble even if she were ever to recognize one before it burst.
Oh come on. Does anyone really think they don't know what they are doing? Modern central banking has been around for over 300 years. They are experts at this swindle. They know EXACTLY what they are doing. It's called fleecing the sheep.
"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits." — SIR JOSIAH STAMP, (President of the Bank of England)
The Stamp quote is interesting, but seems to be bogus.
Anyone who says otherwise, please point to a source other than the unverifiable "1927 speech at the University of Texas".
See http://www.garynorth.com/public/6871.cfm for more info on this.
"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."
She admitted she didn't see it coming until it happened. From that admission, she obviously issued no warnings at all.
Without any attempt at reasonable fact checking, these claims have been parroted by the media."
If by media, you mean news media, then we have no news media any more, just a propaganda machine.
Yellen is just a female Keynesian parrot. She has a PhD in reciting Keynesian garbage. No original or trailblazing thoughts in her skull.
A conformist at best. A money printer.
The suit was filed in 2002 and alleged Household International, its chief executive, chief financial officer and head of consumer lending made false and misleading statements that inflated the company's share price.
The plaintiffs also claimed that Household artificially boosted its share price by engaging in predatory lending and hid the quality of its loan portfolio.
When reports about Household's lending practices began to emerge in 2001, the share price sank to a seven-year low.
HSBC bought the U.S. lender in November 2002.
http://uk.reuters.com/article/2013/10/17/uk-hsbc-classaction-judgment-id...
"Hid the quality of its loan portfolio,"...imagine that?
Basically, around 17:00 it is evident Yellin has no idea about anything. Totally fucking useless which begs the question are we dealing with incompetence or coverup?
She in effect is saying ,the housing market might go up, on the other hand it might go down, or perhaps it will just stay the same. Totally, utterly worthless, menaingless babble.
It appears that Schiff is a study in contrasts, with a clear concise warning back in 2005, and ongoing for the future.
The ability to speak a lot of words that convey no information while leaving a general impression of competence is the benchmark of a successful political appointee.
Alchemists that can make vague non-committal statements sound like decisive action.
This is where Barry's teleprompter loaders excel.
Well, Peter Schiff said that he was confident that O would make the worst choice, and at least we all can say is that O has lived up to our expectations.
"Congratulations, gentlemen, you're everything we've come to expect from years of government training" -- Zed, MIB
The worst person for the worst time to come, what else could go wrong?
Smoke and mirrors, farts in the wind.
Bernanke, Yellin, Daffy Duck...
Matters not at all. The printing continues because it HAS TO continue because the world's banks are bankrupt and insolvent and the markets NEED more fuel.
That's controlled crisis. The external event that blows up the cover is waiting...
This is where the fun is. Looking for Waldo that will send markets skittering and stampeding to the exits.
Could be a very big bucket of ugly.
WOW! Peter Schiff just destroyed this incredible disinformation campaign.
This and Mike Maloneys Video #4 about the Hidden Secrets of Money probably will be the two most important videos for the years to come.
Anyone else having trouble opening this video? I've tried two different browsers but I'm only getting a black screen on that video portion of the page.
If anyone could post a link to the youtube video I'd be most appreciative.
Thanks.
here's the youtube link, if you click the logo bottom right in the video you'll get it anyway..
otherwise http://www.youtube.com/watch?v=rfLlF1vtit8
Anyone else having trouble opening this video? I've tried two different browsers but I'm only getting a black screen on that video portion of the page.
If anyone could post a link to the youtube video I'd be most appreciative.
Thanks.
peter takes a victory lap