This page has been archived and commenting is disabled.
Summarizing Yellen's First (Disastrous) Press Conference
"Miss me yet?"
"That will be $250,000 for the first 60 minutes, and $250,000 for every subsequent 60 minutes."
Why disastrous? Here is the statement that sent stocks reeling:
“So the language that we used in the statement is considerable period. So I, you know, this is the kind of term it’s hard to define. But, you know, probably means something on the order of around six months, that type of thing.”
Everything else was just Yellen rereading James Joyce's Ulysses. The key points from Bloomberg:
*YELLEN: CHANGE IN FED GUIDANCE IS NO CHANGE IN POLICY INTENT
*YELLEN SAYS SPENDING, PRODUCTION DATA IN LINE WITH EXPECTATIONS
*YELLEN SAYS LABOR MARKET CONTINUES TO IMPROVE
*YELLEN SAYS FINANCIAL CONDITIONS CONSISTENT WITH FOMC AIMS
*YELLEN SAYS FOMC EXPECTS INFLATION TO MOVE GRADUALLY TOWARD 2%
*YELLEN SAYS FOMC TO ENSURE POLICY CONSISTENT WITH DUAL MANDATE
*YELLEN REITERATES FED ASSETS TO CONTINUE TO EXPAND
*YELLEN SAYS FOMC DECISION CONSISTENT WITH PRIOR STATEMENTS
*YELLEN REITERATES QE IS `NOT ON A PRESET COURSE'
*YELLEN REITERATES QE FUTURE HINGES ON PERFORMANCE OF ECONOMY
*YELLEN SAYS LABOR MARKET IMPROVEMENT FASTER THAN ANTICIPATED
*YELLEN SAYS FED GUIDANCE BETTER REFLECTS CURRENT CONDITIONS
*YELLEN SAYS FOMC TO BASE ASSESSMENT ON WIDE RANGE OF DATA
*YELLEN SAYS RATE LIKELY TO STAY LOW FOR LONG AFTER QE ENDS
*YELLEN: FOMC WILL TAKE `BALANCED APPROACH' ON MANDATES ON EXIT
*YELLEN SAYS MANY ON FOMC SEE `RESIDUAL IMPACT' OF CRISIS
*YELLEN SAYS MUCH NEEDS TO BE DONE ON JOBS, INFLATION
*YELLEN REITERATES NEED FOR `HIGHLY ACCOMMODATIVE POLICY'
*YELLEN SAYS FORWARD GUIDANCE HAS BEEN EFFECTIVE
*YELLEN SAYS FORWARD GUIDANCE HAS `VERY USEFUL IMPACT'
*YELLEN SAYS GUIDANCE CHANGE WILL PROVIDE MORE INFORMATION
*YELLEN SAYS GUIDANCE WILL BE QUALITATIVE
*YELLEN SAYS FOMC `NOT CLOSE' TO ACHIEVING FULL EMPLOYMENT
*YELLEN: FOMC TO LOOK AT `MANY MORE THINGS' THAN JOBLESS RATE
*YELLEN SAYS FOMC FULLY COMMITTED TO 2% INFLATION OBJECTIVE
*YELLEN SAYS INFLATION LIKELY TO GRADUALLY MOVE TOWARD 2%
*YELLEN: FOMC ASSESSMENT OF ECONOMY ALMOST IDENTICAL TO DECEMBER
*YELLEN SAYS FOMC STATEMENT PRIMARY FORM OF GUIDANCE
*YELLEN REITERATES NEXT FALL LIKELY TIME FOR ENDING QE
*YELLEN SAYS FOMC FORECAST `DOTS' WILL FLUCTUATE
*YELLEN SEES NEED NOT TO READ TOO MUCH INTO FOMC FORECAST `DOTS'
*YELLEN SEES POSSIBILITY FOR `SHALLOWER GLIDE PATH' FOR RATE
*YELLEN SAYS GROWTH HAS BEEN DISAPPOINTING FOR MANY YEARS
*YELLEN SAYS MANY FOMC PARTICIPANTS SEE HEADWINDS FROM CRISIS
*YELLEN: UNDERWATER MORTGAGES, FISCAL POLICY GROWTH OBSTACLES
*YELLEN SAYS PATH TO `NORMAL' INTEREST RATES MAY BE GRADUAL
*YELLEN SAYS WEATHER HAS WEAKENED ECONOMY IN FIRST QUARTER
*YELLEN SAYS MOST ON FOMC SEE WEATHER WEAKNESS DISSIPATING
*YELLEN SAYS FOMC PROBABLY `OVER-DID' OPTIMISM IN JANUARY
*YELLEN SAYS `THE BUCK STOPS WITH ME' ON POLICY
*YELLEN SAYS SHE `KEENLY' FEELS `WEIGHT OF RESPONSIBILITY'
*YELLEN SEES NO `RADICAL CHANGES' IN FED OPERATIONS
*YELLEN: FOMC HASN'T FACED TRADE-OFF ON INFLATION, EMPLOYMENT
*YELLEN:FOMC EVENTUALLY MAY FACE TRADE-OFF ON PRICES, EMPLOYMENT
*YELLEN:SEES CONSIDERABLE PERIOD BETWEEN QE END, FIRST RATE RISE
*YELLEN SAYS FIRST MAIN RATE INCREASE WILL HINGE ON ECONOMY
*YELLEN SAYS INFLATION CONSISTENTLY BELOW 2% WARRANTS LOW RATE
*YELLEN SAYS QE TAPER DEPENDS ON IMPROVEMENT IN LABOR MARKET
*YELLEN: QE TAPER NEEDS EVIDENCE INFLATION MOVING UP `OVER TIME'
*YELLEN REITERATES SHE LOOKS AT SEVERAL GAUGES OF LABOR MARKET
*YELLEN SAYS LONG TERM UNEMPLOYMENT BEEN `EXCEPTIONALLY HIGH'
*YELLEN SEES CYCLICAL COMPONENT IN FALLING LABOR PARTICIPATION
*YELLEN SAYS SHE ALSO TRACKS LABOR MARKET TURNOVER
*YELLEN SAYS `QUIT RATES' BELOW PRE-RECESSION LEVEL
*YELLEN SAYS HIRES RATE IN LABOR MARKET IS EXTREMELY DEPRESSED
*YELLEN SAYS `HIRES RATE' ALSO `EXTREMELY DEPRESSED'
*YELLEN SAYS WAGE GROWTH HAS BEEN VERY LOW
*YELLEN SAYS WAGE INFLATION BELOW NORMAL AT 2%
*YELLEN SAYS U.S. `LIVED THROUGH A DEVASTATING FINANCIAL CRISIS'
*YELLEN SAYS CRISIS TOOK A HIGH TOLL ON U.S. CITIZENS
*YELLEN SAYS CRISIS MADE BUSINESSES VERY CAUTIOUS
*YELLEN SAYS FISCAL POLICY HAS POSED HEADWIND TO RECOVERY
*YELLEN SAYS FED WILL TRY TO COMMUNICATE CLEARLY ON POLICY
*YELLEN SAYS RECOVERY HAS BEEN `DISAPPOINTING'
*YELLEN SAYS FED WILL TRY TO BE STEADY, TRANSPARENT ON POLICY
*YELLEN: FED WILL TRY NOT TO BE CAUSE OF MARKET INSTABILITY
*YELLEN SAYS RATE OF HOUSEHOLD FORMATION BEEN `VERY DEPRESSED'
*YELLEN EXPECTS HOUSING ACTIVITY TO PICK UP `LATER ON'
*YELLEN SAYS FOMC `COMMITTED TO THE SAME SET OF GOALS'
*YELLEN SAYS STRENGTHENING FINANCIAL SYSTEM WORK IN PROGRESS
*YELLEN SAYS `HIGH PRIORITY' TO RESOLVE `TOO BIG TO FAIL'
*YELLEN SAYS IMPORTANT TO ASSESS ANY POTENTIAL STABILITY THREATS
*YELLEN SAYS BERNANKE HAD GOOD AGENDA, IT'S ONE SHE SHARES
*YELLEN SAYS SHE SHARES AGENDA PURSUED BY BERNANKE
*YELLEN SAYS DIRECT BANKING LINKS TO RUSSIA, UKRAINE NOT LARGE
*YELLEN SAYS FED MONITORING VERY CLOSELY UKRAINE CRISIS
*YELLEN DOESN'T SEE GLOBAL FINANCIAL REPURCUSSIONS FROM UKRAINE
*YELLEN NOT SEEING BROADER GLOBAL FINANCIAL IMPACT OF UKRAINE
- 38526 reads
- Printer-friendly version
- Send to friend
- advertisements -



HAHAHAHAHAHAHAHAH
The ChairSatan is dead!
Long live the ChairYenta!
Bernake looks like an MK Ultra victim in that photo
Bernanke looks like an MK Ultra victim because Bernanke is an MK Ultra victim.
Yellen = incoherent blather. With every second sentence being a lie, she probably feels bad. You know.... woman thing.
No worries though... give her some time and she'll become a full fledged pathological liar and banksta sociopath soon enough.
Amazingly she says there has been a full recovery.
She has taken ownership of what is about to unfold. She will be hit with a financial crisis, and soon.
apologies to everyone, bought gold yesterday, and didn't mention it. as gold gets smashed everytime i buy, i figure i should do the zh community this service.
So... it was you!
Yeah I bought a couple ounces myself. My bad.
Don't buy any gold on the 22nd b/c I'll be adding a few ounces that day.
Can someone tell this dusty cunt to shut the fuck up.
I didn't buy s and p puts last week. Sorry, I could have protected us all.
All she has to do is grow a beard. Shouldn't be too difficult.
CENTRAL PLANNING GOES AGAINST THE VERY ESSENCE OF LIBERTY. END THE FED!
From a forest through the trees look at this situation, eg. read from a libertarian history book of the future, this would be the opportunity where the citizens would rise up and rout out this evil entity. Why it continues to exist is a sad state of humanity. I've tried waking others to its heinousness, but only receive 'meh' in return. I find myself laughing, like the very first comment to this article.
Like my good friend Henry David Thoreau says, "We are underbred and low-lived and illiterate; and in this respect I confess I do not make any very broad distinction between the illiterateness of my townsman who cannot read at all and the illiterateness of him who has learned to read only what is for children and feeble intellects.”
It is a waste of time to talk to the people you refer to. Reasoning with them does not work. Not only are they ignorant, they are willfully ignorant.
Mind if I paste that to my whiteboard...?
and against simple common sense. Who among us knows even how many dust particles currently cling to our shoes? The arrogance of assuming anyone or ones can "manage" an economy. Wave a baton in front of an elephant - SEE THERE - Told ya I'm in control!
It's also immoral to print money. Inflation is the most devious tax.
wow...quite a screed.
I hope its not always so frantic...or could it get worse ?
How about when the other FEDs speak up ? Will there be a screed melt-down ?
of course it was Bania - "That's gold, Jerry! Gold!!!"
"... gold gets smashed everytime i buy ..."
Mr. Bania, you are no match for my wife because she also picks the silver highs to buy!!!!!!!!!
:-)
Well, if you know its going yto happen then you should buy a little and then buy some more.
Or sell some and then buy it back again.
:P
I bought copper. Enough said?
Shhhhh! If you inform us of your purchases as a way to warn us that gold will fall in price, they will charge us all with "insider trading" or something. That is, unless they are still busy with the MFGlobal and Corzine "investigation."
"I saw Corzine in my toilet bowl this morning."
I'm not sure she has taken ownership of anything, in contrast it it Yellen that is owned.
Anyone find it odd that Reuters would need to make almost 100 updates to the Fed release? It's like they ate desperate to manage expectations or something...
Can we deduce that if she thinks that the recession that started in '08 is over that she is taking over with a clean slate? If so, then isn't the onus for economic prosperity on her policy, not Bernanke?
Listen to the first few minutes of her testimony to Congress. She says the recession is over.
Yellin Testifies:
http://www.youtube.com/watch?v=5A_6y0Wz0r4
To some degree yes, but she is still a scapegoat for what is coming. The slate isn't clean, and the Fed is scrambling to keep a lid on the markets.
She is just the new carnival barker for the freak show.
We agree then.
Government will never want to admit central planning destroyed the economy. Something will happen which will serve as an excuse when it all falls apart. My guess is a big "natural" disaster, a big terrorist attack, or another war (possibly WWIII).
She is going to be the Fall Girl...
I thought you said she was going to be the FAT Girl.....
My bad, Fail Girl
oh, Fall Girl
She'll never be a Bond girl.
Au contraire. She sells lots of bonds. That's the problem -- she's one hellava Bond girl.
Her bond girl name is Fiat Galore.
Stop being a pussy...
With every second sentence being a lie, she probably feels bad. You know.... woman thing.
A Chairthing with a conscience?
Dude, ya gotta' understand--that conscience thing was surgically removed four promotions ago for the lad.
Mr. Yellin, I'm talkin' about.
and all of the other crowd gathering up toward the next blessed coronation
- Ne
She be gettin the botox and be the banksta's sexiest bagman since .... forever !
Google some of her high school photos. Seriously a major babe.
Don't know about major babe but tolerable. The years have not been kind to her whereas I've gotten better looking. Mainly because of the size of the bulge in my pocket. My back pocket.
Yellen's a woman? But I love women!
Sure it isn't one of these?
http://media.salon.com/2012/08/RTR36OBO-1280x960.jpg
http://cdn.breitbart.com/mediaserver/Breitbart/Big-Government/2012/12/19...
http://3.bp.blogspot.com/_VvWQp_OOM8s/S_v4WXwjE7I/AAAAAAAAAC8/GXz4V26c-P...
http://multimedia.pol.dk/archive/00699/Kul_Albright_1_23-1_699215a.jpg
http://www.google.com/search?q=michele+bachmann+images&client=safari&rls...
AAAAHHHHHHHHHH!!!! I'M GONNA HAVE NIGHTMARES ALL NIGHT FROM SEEIN G THOSE ... THINGS... FUCKKKK!!
I stopped after the first two.
Monitors don't grow on trees.
I stopped after one; a man gotsta know his limitations.
CHRIST!! The first one actually startled me!
*shudder!*
Yellen is a Grandma!
She likes to speak to kids...!
Runaway!!!!!!
Is Halfbright modeling her look after Gollum?
Yellen, recommended leader for next lesbian seal 6 team.
*YELLEN SAYS FISCAL POLICY HAS POSED HEADWIND TO RECOVERY
WTF?? REALLY?
Running trillion dollar deficits year after year was too restrictive for the economy??
What would you prefer then Ms Yellen? 2 trillion? Perhaps 3?
INSANE.
Dang. I was hoping she would talk about how Fed policies have slathered trillions on the uber-wealthy.
Yellen is Saruman to Fischer's Sauron.
Are you frightened?
Not nearly frightened enough.
You forgot narcissist and psychopath!
Yeah! I bet Larry "Golden" S(l)umm(b)ers would have jaw-boned this lipstick on a pig market up at least 200 points, that bitch.
he looks too alive and not buried in an unmarked grave to be an MKUltra victim/test subject
No longer is MKUltra test.
He looks like the definition of the word 'smug'.
If ever there was a face that needed to meet a fast moving fist, that is it.
his new price is a damn deal
it cost the country way more than that to have him before
The US (and world) econo-ponzi is all in Belgiums hands now...time for Belgium to double and quadruple their holdings as the Fed backs out...seems totally reasonable they are their banking ilk will step up. Otherwise interest rates spike and calamity follows...what game is the Fed playing ("want to play a game of thermo-nuclear war")?
btw...
BANKING CENTERS holdings of US Treasury debt
'00 '08 '14
"Carribean banking centers"
$ 35 B ---> $68 B ---> $291 B
Switzerland $18 B> $34 B ---> $175 B
HK $39 B ---> $52 B ---> $159 B
Singapore $30 B-> $30 B ---> $86 B
Ireland $5 B ---> $19 B ---> $125 B
Belgium $28 B --> $13 B ---> $310 B
Luxemburg $60 B --> $134 B
TOTAL $160 B....... $1277 (800% increase)
HOLYSHIT!
The principality of RafterMan actually bought 80 billion last week; you cannot believe how easy it is. All you need is a PO box, and they loan you the fiat to buy the bonds.
They even lend you the fiat to make repayments on the fiat you borrowed ...
At least none of those places actually owns anything the Fed bought and stuffed in an account over with them.
only fucking question I have...with Fed tapering (assuming to zero), who will buy all the $12 T + public debt and at what rates???
Only 3 categories ; Domestic, Fed, and Foreigners
Fed sez they are tapering to zero
Domestics have added a net zero since '00...these are states, pensions, insurers, etc. who cannot afford to buy bonds yielding 2.5% for 10yrs and meet their 8% assumptions...plus they are record levered into the market which they'd have to sell in order to buy Treasury's
So, it's all up to "foreigners" to maintain their $5.5 T in notes/bonds and speed up their purchases despite smaller US trade and budget deficits....anybody else see a problem with this story...factor in the following and try to determine what the fuck the Fed is trying to acheive???
Jan '00 - '07 - Dec '13
$1 T ---> $1.6 T ---> $5.6 T (cumulative "foreign" held US Treasury debt)
25% ---> 40% ---> 55% (% of notes / bonds held by "foreigners")
1% ---> 1% ---> 25% (% Fed held notes / bonds...Fed primarily held Bills until '08)
74% ---> 59% ---> 20% (% domestically held notes / bonds)
180% ---> 130% ---> 247% (% public vs. intra-gov debt)
350% increase (public outstanding debt, $3.5 T to $12.4 T)
250% increase (intra-gov debt, $2 T to $5 T)
6.6% ---> 5% ---> 2.4% (net interest rate on debt)
$300B -> $270B ---> $223B (net interest paid on national debt)
Is the Fed trying to highlight to everyone what a farce this is in order to crash the dollar and the system??? I have no comprehension what the Fed is attempting to do via creating unsustainable debt @ anything but zero rates w/ QE and then tapering absent creating the capability to pay for all that debt @ anything with anything but QE???
One word: Belgium
So, "foreigners" act irrationally (w/out profit motive) in buying ever more US debt @ ever lower rates but US domestic sources act rationally by avoiding it to invest in higher yielding stuff...and this bizarro world where because one is a "foreigner" he loves US debt while US sources avoid it for the shit it is...and this makes sense???
Cue Mugatu
http://www.youtube.com/watch?v=llgY3VBwTAo
You're trying to read rationality and reason into a sham - a farce - a gigantic fucking lie, maintained by convoluted, bullshit reporting, constant baldfaced lies from our trusted officials and complicit media acquiescence to not point out the fucking elephant in the room. It will only make you crazy trying to reconcile reports to reality.
fuck it...time to laugh
http://www.youtube.com/watch?v=8vgpWyAcqO4
Will Farrell sucks as a comedian.
Wait, what? Farrell is a comedian... shouldn't he try to be funny in that case?
.
Man you paint some UUUgly pictures.
Good stuff!
Who will? You will!
With the new MyBond program, 1/4 of your income will be withheld to buy new Patriot Bonds!
Only by buying such bonds can Evil Zombie Osama be kept at bay!
that debt is never, ever going to be repaid. the proper query is just who will be robbed via bailins, and who will be fucked in terms of haircuts and outright exclusions.
Reports on the death of the dollar have been greatly exaggerated. It is inevitable, but it is not soon. Too much rides on it for the MIC, alphabet agencies, etc.. Banksters aren't the only forces of darkness in the world, and in any event only a subset of them want to move swiftly to a global currency {or equivalent} largely managed/controlled by a small number of people.
I would say, don't think dollar "crash" think IMF riot on the US...
Who will buy? People that were "forced" into risky assets under QE... The fair value of the S&P (shiller pe) is about 45% lower than todays levels. For stocks to become cheap they have to go down about 70%. Same holds for HY, MBS, IG credit, Real estate, Commodities etc. Etc. All current valuations are fake except bonds... With nominal growth around 3%, a 2,75 interest rate is "ok"
Is the Fed trying to highlight to everyone what a farce this is in order to crash the dollar and the system???
Probably just the opposite, they will hope most won't pay attention and for those that do the purchases by foreign governments will give the illusion of continued confidence in the dollar. I wouldn't doubt that there's some kind of custodial agreement where the foreign gov takes possesion and in return gets a percentage of the interest but in reality the debt still belongs to the Fed.
Just cause this isn't likely fucked up enough as is...there's this...
After the St. Louis Fed Monetary base showed growth all '13 of about $100 B a month...the money creation stalled starting in November and going flat in December. As of January it's back on it's previous $85 B mo QE fueled glide path but QE was down to $65 B ($55 B now)... surprise, surprise, in Jan the base grew by over a $100 B again...where'd that come from???
http://research.stlouisfed.org/fred2/series/AMBNS
Guess it was the only way to let Ben got out on a high note.
There are two kinds of people I can't stand.
Those who are intolerant of other cultures, and the Belgians.
In the world, there are two kinds of people. Those who rhetorically divide all people into two groups, and those who don't.
And the Belgians.
Three kinds of people.
duplicitous.
If you cannot trust an affirmative action bag bag-holder with a soup-bowl hair cut, who can you trust?
Obama to nominate Jewish economist Janet Yellen as new Fed chief
"Yellen was born in Brooklyn, New York, the daughter of Anna (née Blumenthal) and Julius Yellen, a doctor."
Janet Yellen's Faith Slips Under the Radar As Gender Takes Over
"Janet Yellen is soft-spoken, tough, methodological, flexible — and Jewish."
Dumping fed targets...
(like a boss)
Vague guidance, no explanations...
(like a boss)
OSHIT moment, walking backwards....
(2% down...)
Head hung, got rejected..... get the Hagan Das...
(see ya next time, Yellen)
Fuck that logic, slam the VIX, read The Journal of American Economics...
Like a Boss.
Enter to win a dream date with yellen!
Imagine showing up for a blind date and seeing "that"???
Im not sure if I would ,shit ,fart,run,or lock and load.....
Ugly stick my ass...A whole fucking ugly FOREST fell on that!
"We must view with profound respect the infinite capacity of the human mind to resist the inroads of useful knowledge."
http://www.youtube.com/watch?v=r21qoeR3_wM
Not even a little!!!!
DaddyO
Now youre in my house biatch
Fuck Off, Bernanke
No. End the Fed.
I know that look. I can't see his hands. I have had that look. Oh yeeaaahhhhhh.
maybe he's not using his hands. maybe Larry is down there.
This fucker is doing some roadshow of sorts. Maybe its worth paying 150 bucks to throw some monopoly money (and a shoe) at him.
8 Years of Crisis Management at the Federal Reserve and the Way Forward
Key topics Dr. Bernanke will address in the Q & A session:
- The Federal Reserve's response to the U.S. housing crisis, the global financial crisis and subsequent economic downturn
- The aftermath of the global financial and economic crisis and the progress towards a more sustainable fiscal environment
- The Federal Reserve's use of conventional and unconventional monetary tools since the crisis
- The prospects for long-term U.S. economic growth and key risks going forward
Presenting Partner: RBC Capital Markets
Sponsors: BNP Paribas & AGF Financial
SPEAKER:
Dr. Ben S. Bernanke - Former Chairman of the Board of Governors of the Federal Reserve System
$150 per person.
Tables of 10 available.
Pack up the babies and grab the old ladies, it's Brother Ben's Traveling Keynesian Shit-Show.
I would pay to wipe that look off his face with my shoes. A ZH field trip to that end would be fun, no? Let's all get together on this.
fuck you Bernanke...
The theme from The Bennie Hill Show keeps running through my head
This will not end well ...
YELL !!!!!!!
Poor Hilsner rat
At least the Bernanke trims his bush...I mean beard, sorry, beard
Are you saying that he has a cunt mouth?
No, I was saying that Yellen doesn't shave her bush. I hate to even have to type this, but you asked...Although, I've no personal experience of that matter.
"You will run your cunt mouth at me, and I will take it to play poker"!
Anyome else spend the last 20 mins btfd?
that's a dip?
No fonz, looks like its just you and Doc that got the balls to.
The mothership never actually takes off. This is a hard lesson to learn.
I did. Y'all have been warned.
Obama's on top of the White House firing up the Ben-Signal.
If she was nervous, she should have thrown up. That would have broken the ice better.
Gaga would be pissed.
F bastard
Yellen seems to have the next two years all planned out....I hope the economy follows thru with here Ideas...I doubt it will....with Obamacare and all the new regulations and minimum wage increases....its going to be very slow going if not stopping...quiting..going out of business
You're about as coherent as she was.
Dude, you just don't listen !
I understood him.
honeybadger finishes in the green. as usual.
Honeybadger doesn't give a shit about market metrics.
There is a special in hell for cock suckers like The Beard and the rest of the fuckheads.
Yes: Tenth Circle Added To Rapidly Growing Hell | The Onion - America's
That pic of Ben is something only a swing of a baseball bat would love.
FUCK YOU BEN YOU COCKROACH!!!!
<---- Bernanke to go down in history as saving the financial system
<---- Bernanke to be justly remembered as a banker apologist
Sadly, the answer will be BOTH!
Depending on which history book you care to read.
Depending on how much gold one owns. I get it.
I voted for number 2, but this is bizzaro world.. so I wouldn't be surprised if they peortray him as the man who saved the system.. then Ol' yeller came in an ruined it.
Seems like everything went off without a hitch to me??
Hey is Ukraine still in the news or is it the weekend yet?
Nothing to see here (*cough* Fed lowers GDP *cough*) hey, the NCAA tourney starts tomorrow. We're good.
That's right *hic* - March MADNESS and beer pong *hic* as far as the eye can see! *hic* Started Monday w/Paddy's day *hic*. I feel great!!
Except the Chinese pigs committed suicide over her press show.
http://www.reuters.com/article/2014/03/19/china-pigs-pollution-idUSL3N0M...
Coincidence? Perhaps...
Hilse...MOAR WORDS...stat.
Mrs Debtfire sucks at her job - totally clueless. The market managers are going to be begging for Ben to come back by the next disastrous call with Ol' Yellen.
Al: Depends how you look at it. Gold/silver took a massive dump today. She's probably not sorry about that. And the CAD shit the bed since yesterday when Fartherty resigned... ironically the day before Mr. Yellen speaks. Nothing shows more stability than a country's Finance Minister resigning the DAY BEFORE the old hag Yellen speaks. Maybe I read too much into it, eh?
Since we buy product from the US, I guess we'll just have to wait for a more favourable exchange rate before paying previous bills, and we'll certainly consider outsourcing to other countries for materials and start negoatiating direct currency exchanges rather than using the worthless FRN's as a middleman.
We're a small business that's a fart in the wind. But if I can find like minded people/business anywhere else that will trade with me on ANY OTHER platform than the USD you can bet your ass I will do business with that person/company. At this point I'll even barter for live chickens rather than watch the continuing saga of Gov/Bankster/MSM detroy what I have left.
Good luck, Mr. Yellen... you'll fucking need it!
That's the only thing that went right for her, and I don't think it was her doing, just the usual suspects using her twatty incompetence as an excuse to flush the market (and after that charming faux breakout a couple of days ago - these cunts are real artists). Mark my words, by the end of her term, she won't be able to stand on a podium without getting booed off the stage and pelted with rotting fruit and animal carcasses.
Al: I'm so fucking far beyond caring what happens in the world of worthless fiat currency and their Wall Street minions. I only poke my head up to (that German word that I can't spell), schaden...something so I can justify why I am no longer a part of the human race as I watch my fellow beings destroy themselves.
I could care less what Mr. Yellen says or anyone of their ilk. I'm outta their game and not playing anymore. Haven't been for about 14 years now. I own nothing. Nothing is my name. Mr. Yellen cannot steal from me. Mr. Yellen does not know I exist.
With those honoraria will he be waiting
(wantingly) for the market to trump Yellen?
Will he be waiting for the artificial bubbles
to do something less artificial?
Will he be waiting with those who SOLD
the mortgage bubble for real prices
(NOT reflective of bank assets likely sustained higher)
just like Indians and Chinese are paying
real prices for gold (which have been higher
for physical, there, than for beneficial ownership
here?)
Looks like he's taking a dump...........
All over us again.......
Expert Egocentric Systems: PeerReview, PsychoPaths & NonPersons
Peer pressure job certification and employment credit compliance checks, with prosecution of the individual for system error, guarantees corruption, which is what you see everywhere in the system, normalization of extortion as a jobs program.
Economic mobility is zero, all the Fed can do is print RE inflation, and all Congress can do is feed it with make-work jobs, which is why the so-subsidized consumers are experiencing a dramatic loss of purchasing power; their bills are going up faster than their paychecks, pensions, and property income. Executive Order is no accident.
Imprisoned in its own gravity, the middle class can only replace itself now, from the bottom up, with software automation, and proprietary software is the more tyrannical of the two, because it has no conscience. The consuming majority always clamors for equal rights, without the responsibility, something for nothing, and seeks a scapegoat for the outcome, which can only be the producer.
The majority, consumed by itself, cannot rear children, the future, which is why it commandeers those from producers, choking itself on the resulting misallocation of resources, debt as GDP.
I don’t take this nonsense personally, and neither should you. Constitutions are designed to protect the majorities from themselves, and they always short-circuit the process, with a best as enemy of better mentality, addition by subtraction, driving production out of the economy on a scale of diminishing return, and replacing it with a make-work productivity measure.
A public education system that cuts the top end off and places it the bottom for non-compliance, with a Bell Curve, to cut it off again, replicated by bankrupt public, private and non-profit corporations, to maintain the status quo, is the problem. The ability of accrual accounting to hide actuarial reality has hit the wall because the 35 and under crowd has stopped having children, viewing them as a liability. The drums of war are just a symptom.
Do you ever wonder why people in cars run over motorcycles like they don’t even exist? Under majority rule, no one in the majority is responsible because its behavior is considered normal.
That governments are cathouses should be of no surprise, “I’m not one of those as can see the cat in the dairy, and wonder what she’s come after.” “No matter how much the cats fight, there always seems to be plenty of kittens.” The Global City Imperative, exchanging natural resources for empty promises, economic slavery as best business practice, is a one-way migration to the graveyard of empire.
If you have a choice between 20 experts in a room, or embedded in a software program, or a child, you are better off listening to the child. Public Education talks and does nothing, until it’s too late, when it forms a consensus around an expert opinion, built upon a foundation of false assumptions, from the past.
Given the quantum distribution of dimensions, what is the false assumption embedded in the speed of light as a limit? If GDP is debt, what does the debt to GDP metric measure? What is asymmetric war? Why is Boeing, and all the rest of the crap control technology, an ‘accident’ waiting to happen?
You might want to think, about who is being set up to lose, before you run off to war, I mean work. The majority bemoans the media producer, but shoots at the economic producer, believing its own lie, that make-work is work, rebuilding the bankrupt city over and over again, pretending it’s a community.
That we are all best served if children are nourished, in mind, body and spirit, should not require a PhD certification process. You might want to re-think education, before you find yourself at war, looking at yourself in a mirror placed there by the media for the purpose. Another manufactured crisis is not the answer.
Family Law is a declaration of war, and the majority lost a long time ago. If you care to look, you will see that Family Law jurisprudence already allows you to retire the debt necessary to reboot the economy, and you can accelerate the process by pulling down peer pressure certification. And you have a purely community interest in doing so.
Do what you want to do instead of what you need to do, but don’t expect labor to show up. Labor is not mathematically challenged by emotion. Dividing and conquering itself with exponential growth of arbitrary specialization is a peer pressure prerogative.
Manipulate supply and demand price all you like, with government ownership of debt booked as an asset, to inflate RE prices. Labor has better things to do.
Do you write for Dr. Bonner's Magic Soap?
Do need to make enough lines to push something to the next page?
"All-One!"
If that's
advocating fair treatment/risk, decision making
democratically grounded
process informed
not defined by pyramidal economics, with symptoms of control,
then works for me (if that's what that is, as I say.)
Damn, what a great shot and line.....
Hang all the central bankers. Simple!
you are an anti semite
and a sexisst
Yes to both until those guilty are brought to justice before the American people.
def. Semite..
Semite is a member of any of various ancient and modern Semitic-speaking peoples originating in the Near East, including; Akkadians (Assyrians/Syriacs and Babylonians), Ahlamu, Amalekites, Ammonites, Amorites, Arameans, Chaldeans, Canaanites, Eblaites, Dilmunites, Hebrews(including Israelites), Edomites, Ethiopian Semites, Hyksos, Arabs, Nabateans, Maganites, Maltese, Mandaeans, Mhallami, Moabites, Phoenicians (including Carthaginians), Shebans, Sabians, Ubarites and Ugarites. It was proposed at first to refer to the languages related to Hebrew byLudwig Schlözer, in Eichhorn's "Repertorium", vol. VIII (Leipzig, 1781), p. 161. Through Eichhorn the name then came into general usage (cf. his "Einleitung in das Alte Testament" (Leipzig, 1787), I, p. 45). In his "Geschichte der neuen Sprachenkunde", pt. I (Göttingen, 1807) it had already become a fixed technical term.[2]
The word "Semitic" is derived from Shem, one of the three sons of Noah in Genesis.
How the Jews managed to hijack the word to apply only to them, speaks to the considerable, conspiratorial power they claim NOT to have.
The only thing I'd pay Bernanke for, is to fire/unload a nail gun in a 6 x 6 pitch black rubber room ... His family gets paid if he shoots himself.
Yen: I do believe your imagination is more twisted than mine!
All she needed to add was, "Do you want to see my tits?"
eeewwwwhhh!!!