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No Janet Yellen, The Economy Is Not "Getting Better"

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health".  This resulted in glowing headlines throughout the mainstream media such as this one from USA Today: "Yellen: Economy is improving at moderate pace".  Sadly, tens of millions of Americans are going to believe what the mainstream media is telling them.  But it isn't the truth.  As you will see below, there are all sorts of signs that the economy is taking a turn for the worse.  And when the next great economic crisis does strike, most Americans will be completely and totally unprepared because they trusted our "leaders" when they told us that everything would be just fine.

It is amazing how deceived people can be.  Just consider the case of 56-year-old Brian Perry.  He is a former law clerk that has applied for nearly 1,500 jobs since 2008 without any success.  But he says that he is "optimistic" that he will get another job soon because he believes that the economy is recovering...

By his own count, Brian Perry has applied for nearly 1,500 jobs since being let go as a law clerk in 2008. The 56-year old Perry lives in Rhode Island, where the 9.1 percent unemployment rate is 2.5 percentage points above the national average.

 

Perry remains optimistic that a job is forthcoming. He thinks a more robust economy would create better opportunities for the long-term unemployed like him.

Let us certainly hope that Perry does find a new job soon.  But if he does, it won't be because we are experiencing an "economic recovery".  Just consider the following facts...

-In January, we were told that the U.S. economy "created" 113,000 new jobs.  But that figure was arrived at only after adding a massive seasonal adjustment.  In reality, the U.S. economy actually lost 2.87 million jobs in January.  During the past decade, the only time the U.S. economy has lost more jobs in January was during 2009.  At that time, the U.S. economy was suffering through the peak of the worst economic downturn since the Great Depression.

-Prominent retailers are closing hundreds of stores all over the United States.  Things have gotten so bad that some are calling this a "retail apocalypse"...

  • JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penney’s stock has lost 84 percent of its value since February 2012.
  • Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the United States since 2010. Stock analyst Brian Sozzi noted that Sear’s inventory levels have fallen by 23.7 percent since 2006. He also noted that Sears had $4.4 billion in cash and equivalents in 2005 but $609 million in cash and equivalents in 2012. Sozzi, who calls himself a guerrilla analyst, has a blog full of disturbing pictures of empty Sears stores.
  • Macy’s, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs.
  • Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.
  • Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.
  • Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs.
  • Aeropostale is planning to close 175 stores.
  • Blockbuster has closed down all of its stores.

-McDonald's is reporting that sales at established U.S. locations were down 3.3 percent in January.

-In January, real disposable income in the U.S. experienced the largest year over year decline that we have seen since 1974.

-As I wrote about the other day, the number of "planned job cuts" in January was 12 percent higher than 12 months earlier, and it was actually 47 percent higher than in December.

-Only 35 percent of all Americans say that they are better off financially than they were a year ago.

-What is happening to the U.S. stock market right now very closely resembles what happened to the U.S. stock market just before the horrific stock market crash of 1929.  Just check out the chart in this article.

For dozens more statistics that show that the U.S. economy is not improving, please see this article and this article.

Meanwhile, things continue to unravel all around the rest of the globe as well.

In previous articles, I have detailed how the reckless money printing by the Federal Reserve has inflated massive financial bubbles in emerging markets all over the planet.  Now that the Fed is "tapering", those bubbles are starting to burst and we are witnessing a tremendous amount of economic chaos.  Here are three more examples...

#1 Ghana:

Ghanaian Economist Dr. Theo Richardson says Ghana’s economy will crash by June this year if the Bank of Ghana continues with its kneejerk measures to rescue the cedi.

“The government is facing liquidity problems and if we don’t get the appropriate remedies to address the issues at hand the situation may worsen and by June the economy may crash,” Dr. Richardson said.

#2 Kazakhstan:

With only $24.5 billion left in FX reserves after valiantly defending major capital outflows since the Fed's Taper announcement, the Kazakhstan central bank has devalued the currency (Tenge) by 19% - its largest adjustment since 2009. At 185 KZT to the USD, this is the weakest the currency has ever been as the central bank cites weakness in the Russian Ruble and "speculation" against its currency as drivers of the outflows (which will be "exhausted" by this devaluation according to the bank). The new level will improve the country's competitiveness (they are potassium heavy) but one wonders whether, unless Yellen folds whether it will help the outflows at all.

#3 India:

In the wake of a global stock market sell-off driven by worries over slower growth in emerging markets, the head of India's central bank, Raghuram Rajan, criticized the U.S. Federal Reserve as it pressed on with plans to dial back its monthly bond purchases: "International monetary co-operation has broken down," said Rajan, who added that "the U.S. should worry about the effects of its polices on the rest of the world."

We have reached a "turning point" for the global financial system.  Things are beginning to fall apart both in the United States and all around the world.

But at least the dogs at the White House are eating well.  Just consider the following photo that was recently tweeted by Michelle Obama...

Dogs In The White House

 

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Wed, 02/12/2014 - 23:37 | 4431042 Gankfest
Gankfest's picture

Earth to Yellen! Is anyone home...?

Wed, 02/12/2014 - 23:41 | 4431055 The Gooch
The Gooch's picture

Between that picture and Mr. Yellens, I am convinced of the reptilian/canine shapeshifter presence.

Wed, 02/12/2014 - 23:44 | 4431065 remain calm
remain calm's picture

We have come to a time in history where it is better to be a dog than a human. FU Obama.

Thu, 02/13/2014 - 00:05 | 4431120 AldousHuxley
AldousHuxley's picture

Old Yeller

 

when the dog gets too old, you've gotta take it out back and shoot it. Then get a young yeller.

Thu, 02/13/2014 - 01:03 | 4431253 erg
erg's picture

Her head is perfectly circular, like her logic. She's got pi oozing all over her.

Thu, 02/13/2014 - 01:26 | 4431300 Boris Alatovkrap
Boris Alatovkrap's picture

<-- Seed of Satan spawn chair woman

<-- Just is one more pretty face

Thu, 02/13/2014 - 01:47 | 4431307 J S Bach
J S Bach's picture

The bitch looks like E.T.  (Phooooooone Hooooooome.  City of Looooooondon.)

Thu, 02/13/2014 - 10:11 | 4431927 SamAdams
SamAdams's picture

The economy is absolutely stratospheric and Yellen is stunningly beautiful! 

I'm getting good at this, maybe I can get a job as a White House Souse?

Thu, 02/13/2014 - 05:28 | 4431547 BringOnTheAsteroid
BringOnTheAsteroid's picture

Maybe after a breweries worth of Vodka you'd call that a pretty face.

 

Thu, 02/13/2014 - 17:20 | 4433832 Boris Alatovkrap
Boris Alatovkrap's picture

Vodka is distill, not brew. Maybe you are think of lens of bottom of empty beer bottle is make ugly woman more attraction and beauty?

Thu, 02/13/2014 - 07:22 | 4431622 Al Gorerhythm
Al Gorerhythm's picture

Is one more pretty face?! Well, not so much. That was a huge opening benchmark for Janet to set herself. Wait to you see her when it is fully realized that she is just a tootless old hag with nothing to offer other than lots of happy talk. I like the way it was depicted in The Blues Brothers; "You're gonna look pretty funny trying to eat corn on the cob WITH NO FUCKING TEETH!"

Thu, 02/13/2014 - 08:13 | 4431667 new game
new game's picture

telling the yeller from the mountain top YELL er to reality(check); THE GREAT WHOOOSH IS COMING!

we are talking countries not banks.  you will need to backstop trillion in overnite flows(weekend event).

some serious stress for that ol yeller ticker. hope you are up for the job. street slang just for you(yeller)

SHIT STORM A BREWIN JUST FOR YOU AND YOUR ILK AT THE BOARD...

Thu, 02/13/2014 - 01:38 | 4431323 A Nanny Moose
A Nanny Moose's picture

She looks like a Spaceball.

Thu, 02/13/2014 - 03:24 | 4431453 CheapBastard
CheapBastard's picture

Southland home sales tumble in January, price increases slow

http://www.latimes.com/business/money/la-fi-mo-home-prices-20140212,0,12...

Thu, 02/13/2014 - 08:56 | 4431739 new game
new game's picture

echo bubble burst soon. keep your powder dry.

anyone from Tx report home market in dallas/ft worth.

thinking of moving that way soooon.

Thu, 02/13/2014 - 09:41 | 4431817 Blano
Blano's picture

I can look into that for ya, but one things for sure, DFW is being overrun with house flipping seminars lately.

Thu, 02/13/2014 - 09:51 | 4431859 auntiesocial
auntiesocial's picture

I just googled Yellen Sex Tape... hey, you never know when you may get a hit...

Thu, 02/13/2014 - 10:21 | 4431958 chdwlch1
chdwlch1's picture

Old Yellen...love it!

Thu, 02/13/2014 - 08:08 | 4431660 jbvtme
jbvtme's picture

better to be a dog or just look like one???

Thu, 02/13/2014 - 00:36 | 4431194 wee-weed up
wee-weed up's picture

Hey, she's an Obozo appointee...

So she's gonna kiss his ass and spout his lies!

Thu, 02/13/2014 - 01:27 | 4431305 Boris Alatovkrap
Boris Alatovkrap's picture

FUBAMA - military acronym for country so badly mess up cannot is longer recognize

Wed, 02/12/2014 - 23:51 | 4431090 Callz d Ballz
Callz d Ballz's picture

Shhhhh, gimps asleep...

Thu, 02/13/2014 - 01:30 | 4431306 -NaN-
-NaN-'s picture

.... Well I guess your gonna have to wake him up wont you.

 

Thu, 02/13/2014 - 02:00 | 4431354 EmmittFitzhume
EmmittFitzhume's picture

It's all good!! Granny is looking after the money!

Thu, 02/13/2014 - 02:04 | 4431355 EmmittFitzhume
EmmittFitzhume's picture

Granny

Thu, 02/13/2014 - 08:21 | 4431675 myne
myne's picture

I've been saying for a while she's a patsy.

Didn't take long.

Thu, 02/13/2014 - 12:46 | 4432571 Dixie Rect
Dixie Rect's picture

Maybe if she took her spaceship helment off...oh.. wait..that's her hair. Nevermind.

Wed, 02/12/2014 - 23:35 | 4431045 IridiumRebel
IridiumRebel's picture

People are awakening in droves. For every shithead who believes that shitbox, 3-4 more are saying Bullshit!

Thu, 02/13/2014 - 00:19 | 4431153 DeadFred
DeadFred's picture

Exactly, they may be braindead followers of the exalted boobtube but they aren't getting fooled by the talking heads. The only ones I've talked to who think things are getting better are top 10%ers and for them it IS getting better.

Thu, 02/13/2014 - 01:32 | 4431313 Boris Alatovkrap
Boris Alatovkrap's picture

When Boris is see photo of Obama canine poodle sit at State Dinner, is know Marie Antoinette moment is soon approach. Sociopath in White House is disconnect from all thing reality.

Thu, 02/13/2014 - 11:54 | 4432332 rosiescenario
rosiescenario's picture

My first thought, too.

 

Only a complete narcissistic psychopath would permit the dissemination of such a photo at a time when food stamp usage is at an all time high.

Thu, 02/13/2014 - 17:18 | 4433818 Boris Alatovkrap
Boris Alatovkrap's picture

Let them to eat stamps!

Thu, 02/13/2014 - 17:20 | 4433830 fonzannoon
fonzannoon's picture

just not the forever stamps

Fri, 02/14/2014 - 01:41 | 4435539 Boris Alatovkrap
Boris Alatovkrap's picture

You are know AmeriKa is screw when "food stamp" is re-marketing as "forever stamp"!

Thu, 02/13/2014 - 12:46 | 4432585 Dixie Rect
Dixie Rect's picture

Bled....mylinky pizdook in white house

Wed, 02/12/2014 - 23:36 | 4431046 NoDebt
NoDebt's picture

Just what I need.  One more article telling me what I already know- the "real world economy", if there even is such a thing, is fucked.

I care only about the value of paper assets and how much money central banks are going to give me to buy them.

Wed, 02/12/2014 - 23:41 | 4431059 TuPhat
TuPhat's picture

They look like well behaved dogs.  I think their masters believe they are our masters as well.

Wed, 02/12/2014 - 23:43 | 4431063 dexter_morgan
dexter_morgan's picture

How can it be we are in the situation we're in......dunno.......

http://www.youtube.com/watch?v=ndshbH3qZ6Y&list=PLa8S4GilqogSviCmzIY1jzX...

Wed, 02/12/2014 - 23:45 | 4431067 Onthebeach
Onthebeach's picture

I always had my suspicians about Bernanke ... but has anyone checked to see if Yellen has a power cord?

Wed, 02/12/2014 - 23:49 | 4431077 akak
akak's picture

God, that face looks like a William Banzai product all by itself.

Thu, 02/13/2014 - 00:02 | 4431115 WillyGroper
WillyGroper's picture

I was thinkin a geriatric Buster Brown. 

;)

Thu, 02/13/2014 - 00:18 | 4431147 playnstocks
playnstocks's picture

Cecil Turtle is more like it..

Thu, 02/13/2014 - 02:05 | 4431359 Theosebes Goodfellow
Theosebes Goodfellow's picture

Holy crap! What is she smoking? I swear, I need Yellin to teach me how to kick that hopium gong around. High-dee, high-dee, high-dee, ho!

Thu, 02/13/2014 - 05:24 | 4431541 The Dunce
The Dunce's picture

Yellen's a babe.  I love her haircut.  Bitches.

Thu, 02/13/2014 - 05:32 | 4431550 Jadr
Jadr's picture

Of course, another shitty post by you like you make on every article in which you try to pimp your blog.  Can the zh just ban this tool already?

Thu, 02/13/2014 - 09:47 | 4431842 superflex
superflex's picture

Multiple accounts are not allowed, tool.

 

Thu, 02/13/2014 - 00:24 | 4431171 Intoxicologist
Intoxicologist's picture

<-- Red Herring

<--Redhorse Sucker Fish

Wed, 02/12/2014 - 23:49 | 4431081 LMAOLORI
LMAOLORI's picture

 

 

Should the Obama's really be preaching about income inequality when they waste money like this?

 

First Lady’s Dress estimated to be worth more than year’s income at Poverty Line
Thu, 02/13/2014 - 03:17 | 4431445 Blankenstein
Blankenstein's picture

She must have thought it was worth it because it was so slimming

 

 

Thu, 02/13/2014 - 00:08 | 4431100 kevinduhand
kevinduhand's picture

This is just the beauty of capitalism and free market. Nothing wrong with corporations being profit driven and caring for the shareholders.

Also, the governments of those Emerging Market countries should stop blaming USA, its their own fault for not balancing the budget and relying on USD so much! how about make a new global currency instead of whining at the Fed?

Thu, 02/13/2014 - 02:09 | 4431372 yepyep
yepyep's picture

spare us your globalist bullshit.

Thu, 02/13/2014 - 08:56 | 4431741 gwar5
gwar5's picture

Yeah, lets have a new global currency monopoly created by the same sociopaths that created the last WRC. The private IMF can then charge the UN with raising a global army to enforce the new legal tender laws. Yeah, that's the ticket!

 

Should be no problems with a dictatorship of elites, so long as they wear suits and seem like good guys when they're interviewed by Matt Lauer on Good Morning America taking hardball questions about their children and pets.

 

 

 

 

Thu, 02/13/2014 - 00:02 | 4431114 ebworthen
ebworthen's picture

Yellen is a well paid liar, a banker shill, working for an illegal organization formed by banks, of the banks, for the banks.

The FED has nothing to do with, and does absolutely nothing for, 99.9% of American Citizens.

Thu, 02/13/2014 - 00:16 | 4431137 kevinduhand
kevinduhand's picture

What does the Fed have to do with layoffs? Just curious

Thu, 02/13/2014 - 00:49 | 4431158 ebworthen
ebworthen's picture

They've flooded markets with liquidity so corporations can do stock buybacks and use their record amounts of cash to play in the casino rather than hiring or paying humans to produce something of value.

Thu, 02/13/2014 - 02:12 | 4431373 kevinduhand
kevinduhand's picture

But America is a capitalist country and you can't force the rich to distribute their wealth to the poor,

Corporations can do whatever they want and that includes doing stock buybacks and gambling in stock casino,

Isn't freedom, individualism and capitalism the core values of America?

Thu, 02/13/2014 - 02:16 | 4431382 yepyep
yepyep's picture

a true capitalist country doesnt have a central bank set the price of money, nor does it bail out its failed banks or dole our corporate welfare.

 

cut the bullshit mate.

Thu, 02/13/2014 - 04:02 | 4431405 kevinduhand
kevinduhand's picture

okay let's say you eliminate central bank and don't bailout the banks in 2008, then all savings and pensions will be lost and all hell breaks lose, then what?

also, you are confusing economic system with monetary system like many brainwashed people.

America's economic system is INDEED capitalism, which allows people to accumulate wealth through trade.
Central bank system is the "monetary system" of America, not economic system.

The problem with any kind of economic system is it always starts off great and ends up back to cronism due to human greed.

Thu, 02/13/2014 - 05:52 | 4431562 yepyep
yepyep's picture

the problem is you.

Thu, 02/13/2014 - 06:07 | 4431567 ebworthen
ebworthen's picture

You are misguided, wrong, and wearing blinders (other than recognizing human greed).

If I steal from you with a smile on my face does that make it better and o.k. somehow?

That is what the FED, .gov, and Wall Street and the Crony Corporations are doing.

It has nothing to do with Capitalism or laissez faire or free markets.

Thu, 02/13/2014 - 12:20 | 4432442 Clowns on Acid
Clowns on Acid's picture

ok...so lets say you are a douchebag that only reads the New York Times and  Huffington Post, and have never been punched in the face before.....

Thu, 02/13/2014 - 13:42 | 4432849 Blankenstein
Blankenstein's picture

 

 

"America's economic system is INDEED capitalism"

It is NOT, because it doesn't allow for failure (the banks, AIG, GM, speculators in the housing market, etc.), the government bails them all out with taxpayer money.  There are no losers and no downside risk with the government backstop always available.

Thu, 02/13/2014 - 13:53 | 4432900 alangreedspank
alangreedspank's picture

"human greed", you said it. Therefore, the problem is not capitalism. Thanks for that great argument.

Thu, 02/13/2014 - 04:06 | 4431483 hobopants
hobopants's picture

I know you shouldn't feed trolls but I'll toss you a doggy biscuit. If someone steals my wallet are they richer? why yes! but it's not their money...so if I catch him and beat his ass and then take my wallet back I'm not making him "distribute" his wealth. I'm taking back my own.

 

QE and bailouts are theft, and we're catching up to the pudgey bastard. Another note, don't associate the Cronyism going on with the values this country was founded upon. Enjoy the biscuit, your money paid for it.

 

Thu, 02/13/2014 - 04:28 | 4431501 kevinduhand
kevinduhand's picture

But is there any better solution other than bailouts to prevent worldwide economic collapse in 2008?

Are you saying it's better to have worldwide chaos and suffering way worse than now just to preserve some values from the past?

I know QE is definitely not helping average Americans but what is the Fed supposed to do other than inflate the asset bubble to save the pension funds?

The majority of people are never gonna wake up and fight back anyway so why not just join the sheeple and just accept the fact that we are being ruled by elites and there's nothing we can do?

Thu, 02/13/2014 - 04:43 | 4431514 akak
akak's picture

God damn you and your self-defeating, self-destructive moral cowardice and acquiescence.

It is precisely due to the many spineless, venal, short-sighted bastards like you that we are collectively in the mess we are in today.

Thu, 02/13/2014 - 05:32 | 4431551 hobopants
hobopants's picture

The bailout was not a solution, it has made the problem worse. In 2008 there was a chance of a structured default and then recovery after the pain. Now things are so fucked who knows what is next, but i can promise you it will be worse than if we had let things fail in 2008. We have no choice in this, things will fail and there is no fix so yes im saying we should have let it burn back then.

I think the elites have bit off more than they can chew this time, before there were always new markets to foist the scheme onto, now that this shit is global they have nowhere to go. We wil be lucky to avoid another fucking dark age and in such enviroments their type of parasite doesnt do well. Its to decentraized.

Thu, 02/13/2014 - 08:46 | 4431724 gwar5
gwar5's picture

Yes, better solution is to end the Fed. 

 

Problem didn't start in 2008, dumbass. A private corporation with a government enforced monopoly of the currency manipulating markets is what brought us into the Collapse Era and is why it wasn't prevented.

So your solution is to let the same sociopaths 'fix' the problem by continued meddling and doubling down? As predicted it's just making things worse. So does your solution really seem rational to you?

The Fed is doing what socialist/fascist countries like Argentina and Venezuela are doing, but on a global scale. It'll produce the same bad results. You're a fake troll like MDB.

 

Thu, 02/13/2014 - 12:18 | 4432424 Clowns on Acid
Clowns on Acid's picture

I know you are weak...but are you a crossdresser as well ?

Thu, 02/13/2014 - 08:25 | 4431686 gwar5
gwar5's picture

America isn't practicing free market capitalism. It's now fascism, piersduhand. 

Thu, 02/13/2014 - 12:18 | 4432408 Clowns on Acid
Clowns on Acid's picture

You know you are lying and using false syllogisms ...so shut the fuck you piece of shit. You only want to make the matters worse.... thats your MO douchebag.

 

Thu, 02/13/2014 - 00:10 | 4431134 the grateful un...
the grateful unemployed's picture

the whore! the whore!

Thu, 02/13/2014 - 11:14 | 4432156 angryBuddhist
angryBuddhist's picture

That is an insult to whores everywhere!

Thu, 02/13/2014 - 06:01 | 4431561 Disenchanted
Disenchanted's picture

priceless...

Where's all the commenters who tell us about the Muslim Brotherhood members in the Obama Admin?

Thu, 02/13/2014 - 12:05 | 4432369 Abi Normal
Abi Normal's picture

can't get your rocks off eh?  you just told us dumbass!

Thu, 02/13/2014 - 00:07 | 4431128 the grateful un...
the grateful unemployed's picture

well here we are again, bernanke yellen obama bush, what the hells the difference? their handlers prepare them, they say the right things, and the stock market goes up on cue. i am bored with it all. what happens when the former middle class disappears into the heartland of america, bothers them not one little bit, as long as NYC is the hob of the global economy. bush stole the red states from good people and gave it to the war mongers. now the replacements are arriving, seeking the old values, decency honesty peace. from that resentment will grow, and the older warrior class who performed in iraq and afghanistan will join the renassiance in midwestern values, and lay siege to washington. sorry status quo politics, but you never had a chance

Thu, 02/13/2014 - 00:11 | 4431135 hangemhigh77
hangemhigh77's picture

I wonder what her home planet looks like?  Planet Gnome where Yellgnome is a giant among midgets.

Thu, 02/13/2014 - 06:12 | 4431571 Disenchanted
Disenchanted's picture

She hails from the planet Shekelgogue, where the moon of Usury shines bright every night. Reflecting the light of their FR Sun.

Red Shields are mandatory during daylight hours...

Thu, 02/13/2014 - 00:15 | 4431139 pragmatic hobo
pragmatic hobo's picture

i think it should be clear by now ... when a fed-head says the economy is getting better they mean the economy is getting better for the top 0.001% and fuck the rest ...

Thu, 02/13/2014 - 00:20 | 4431160 dexter_morgan
dexter_morgan's picture
The Economy Is Not Getting Better

Well, kinda depends on if you are in the .01% or not. Sales of high end luxury items are doing well.

for all the rest of us, yeah, not better, but who's interest is she there to protect? Ours or the .01% and central banksters?

Thu, 02/13/2014 - 00:25 | 4431170 TheRideNeverEnds
TheRideNeverEnds's picture

You are just confuse; you see she means we are moving away from a system of self reliance where one works to provide for themselves and their family basic needs to one in which we are provided by the government what the government deems necessary for us to have while all the jobs go to other countries and the profits go to the elite.  

 

I think its called post scarcity.  It will be kinda like star trek only instead of spaceships the people will live in favelas. 

Thu, 02/13/2014 - 00:36 | 4431192 Sizzurp
Sizzurp's picture

As for Yellen, I don't see her having the backbone to stand up to pressure in a real financial crisis.  She will take the path of least resistence.  She will print, steal, and bailout the loudmouths.

Thu, 02/13/2014 - 00:37 | 4431196 bidaskspread
bidaskspread's picture

I wonder how many homeless vets sat in those chairs prior to those dogs. I would bet it rhymes with "hero".

 

Thu, 02/13/2014 - 00:43 | 4431199 Colonel Klink
Colonel Klink's picture

I can now say it in ernest and with all honesty, FELON YELLEN!

For bald faced lying to the American people, debasing the currency, and running a monetary fraud.

Thu, 02/13/2014 - 00:36 | 4431200 GeorgeHayduke
GeorgeHayduke's picture

Can these folks do anything other than keep selling the same old lie? I guess it doesn't matter as half the population can't even tell when they're being lied to anymore.

This whole culture is a lost cause. It has multiple possible negative and very nasty outcomes and few positive ones (anymore I'm seeing sporadic electricity as a positive for the denizens of the US as it'll get them doing something other than watching TeeVee.). When the USA bus finally crashes at the bottom of the cliff the likely response from the rest of the world, including all people, plants, animals and inanimate objects will be "good riddance."

Thu, 02/13/2014 - 00:49 | 4431227 Seasmoke
Seasmoke's picture

Yes. But does she Know what is considered part time hours yet ?????

Thu, 02/13/2014 - 01:08 | 4431263 kchrisc
kchrisc's picture

"For Lease" is booming. Maybe that's what got'em fooled?!              /sarc

 

"One day they will make a movie called "Guillotine's List."

Thu, 02/13/2014 - 01:31 | 4431310 -NaN-
-NaN-'s picture

A picture of Barry and Michelle at the table, so whats the big deal?

Thu, 02/13/2014 - 01:42 | 4431331 adeptish
adeptish's picture

If Boris Yeltsin had a mini-me, Yellin would be perfect.

Just as pwned as well.

 

Thu, 02/13/2014 - 02:31 | 4431398 starman
starman's picture

She looks like a swollen Qtip that jut got pulled out of an infection filled with puss! 

Thu, 02/13/2014 - 08:22 | 4431682 paint it red ca...
paint it red call it hell's picture

She looks like a liar of the first order....

Thu, 02/13/2014 - 03:25 | 4431454 monad
Thu, 02/13/2014 - 03:43 | 4431470 cpzimmon
cpzimmon's picture

What in fuck is your point ?!?

Thu, 02/13/2014 - 04:40 | 4431510 dogbreath
dogbreath's picture

Sorry, forget it

Thu, 02/13/2014 - 10:12 | 4431923 superflex
superflex's picture

Tiny URL is your friend

Thu, 02/13/2014 - 05:09 | 4431530 mrdenis
mrdenis's picture

Michelle ....."let them eat cake "

Thu, 02/13/2014 - 07:45 | 4431644 lakecity55
lakecity55's picture

Marie A. Obama

Thu, 02/13/2014 - 05:38 | 4431552 QE49er
QE49er's picture

Jabba, your wife is looking for you

Thu, 02/13/2014 - 07:51 | 4431648 Moe Howard
Moe Howard's picture

Yellen, make me some chicken soup and then shut the fuck up.

 

I heard her winny voice on the radio and it was too much for me, I had to pull over on the shoulder and projectile vomit.

 

Look what took over our Republic. Didn't the bible predict this kind of thing? Something about the curse of women and children as rulers?

Thu, 02/13/2014 - 07:59 | 4431653 bk1037
bk1037's picture

I take anything Michael Snyder says with a grain of salt. I have posted before in here in my view, Michael may well be one of the most consistently negative bloggers I have ever seen. While there are elements of validity to what many of his points are, I have learned to tune his largely negative messaging out as I have never seen him post a positive aspect about anything. To me, a blogger gains credibility if his message includes both aspects, not just 100% negative or 100% positive. Yeah, I hear the message, yeah I was affceted by the Great Recession, but move on or add some perspective, Michael. To those who do not share your negative inclinations, you may be more persuasive.

Thu, 02/13/2014 - 08:08 | 4431661 Sufiy
Thu, 02/13/2014 - 08:24 | 4431681 no more banksters
no more banksters's picture

"Federal Reserve is able to contribute significantly to the expansion of crisis since the US government appears to be increasingly dependent on Fed's quantitative easing policies."

http://failedevolution.blogspot.gr/2014/02/when-system-threatens-with-ne...

Thu, 02/13/2014 - 09:48 | 4431800 The Pop In
The Pop In's picture

I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
For I know that the hypnotized never lie

Do ya?

There's nothing in the street
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Is now the parting on the right
And the beards have all grown longer overnight

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!

Meet the new boss
Same as the old boss

 

Thu, 02/13/2014 - 10:10 | 4431925 mijev
mijev's picture

"For I know that the hypnotized never lie"

 

Damn, all these years, I thought he sang "the Hippie Times" rather than the hypnotized. I think in one live gig he actually sang The Sunday Times which may have fooled me. I won't get fooled again. I live and learn.

Thu, 02/13/2014 - 10:40 | 4432023 Ghostdog
Ghostdog's picture

Even her name rhymes with Felon

Thu, 02/13/2014 - 11:23 | 4432191 villainvomit
villainvomit's picture

The Felon has just about the roundest most circular face I have ever seen. 

She looks scared, just like Berstank.  Why yall so scared ? 

Dual mandate my ass, F the Fed.

......oh, and F the Obamas as well.  Dogs in chairs in the white house, you canicula superba want to be wookie chew.

 

 

 

 

Thu, 02/13/2014 - 12:00 | 4432352 falak pema
falak pema's picture

Oligarchy triumph in the field of media cabling : Comcast, Time Warner Cable Deal Is A Disaster For Customers

Too bad for the customer.

Thu, 02/13/2014 - 12:16 | 4432401 WillyGroper
WillyGroper's picture

Not if they disconnect.

Thu, 02/13/2014 - 12:21 | 4432425 falak pema
falak pema's picture

you don't connect in terms of mergers to "disconnect". YOu merge to consolidate and get economies of scale by tapering your offer.

More money, less customer satisfaction 'cos "we are now BIGger and more dominant". 

Remember what happened under Sandy Weill when CITI and Travellers Insurance merged; it created the TBTF monster !

Thu, 02/13/2014 - 12:28 | 4432487 pipes
pipes's picture

I am convinced...that Yellen was chosen as head of Fed simply because she had the right look...that troll-ish, stupid, dead-eyed look that will burn into our memories of the worst series of events in our lives.

 

Her face IS TSHTF personified.

 

 

Fri, 02/14/2014 - 09:04 | 4435997 kurt
kurt's picture

Her whining pre-teen adanoidal plaintiff vocal delivery invites one to either suicide or change channels... perfect!

 

 

She's a real corn cannon.

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