This page has been archived and commenting is disabled.

Janet Yellen May Have A Problem Explaining This Slide

Tyler Durden's picture




 

We can't wait to hear how Janet Yellen explains the following slide that the Chairman of the Joint Economic Committee Kevin Brady just lobbed at her.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 05/07/2014 - 10:59 | 4735990 RaceToTheBottom
RaceToTheBottom's picture

Never forget Alan Greenspams role in this...

Wed, 05/07/2014 - 11:02 | 4735999 NotApplicable
NotApplicable's picture

As well as the fact that he stands by his 1966 position on gold and freedom vs. fiat and enslavement.

Absolute Evil Incarnate.

Wed, 05/07/2014 - 11:13 | 4736049 1stepcloser
1stepcloser's picture

https://www.youtube.com/watch?v=6lyEQD-DgyE  don't forget the people's role in all of this.... for allowing it 

Wed, 05/07/2014 - 11:00 | 4735992 Itchy and Scratchy
Itchy and Scratchy's picture

'Don't matter 'cause they didn't build that!' - The Kenyan

Wed, 05/07/2014 - 11:08 | 4736027 Oro
Oro's picture

Impossible to stop; what an idiot!

Wed, 05/07/2014 - 11:09 | 4736033 GolfHatesMe
GolfHatesMe's picture

Oh No, a Food inflation question........the snow

Wed, 05/07/2014 - 11:09 | 4736035 Common_Cents22
Common_Cents22's picture

She's reminding the peasants with a veiled threat, do you want to go back to jimmy carter days?   if not, let us keep looting you and creating booms and busts.

Wed, 05/07/2014 - 11:10 | 4736036 1stepcloser
1stepcloser's picture

She'll say "its Ben's fault.   I was against it, before I was for it..."

Wed, 05/07/2014 - 11:09 | 4736038 Oro
Oro's picture

Bingo

 

Wed, 05/07/2014 - 11:11 | 4736040 Conax
Conax's picture

"The issue here is not whether we broke a few rules or took a few liberties with our Main Street party guests..

We did.. <wink>

But you can't hold the whole Wall Street operation responsible for the behavior of a few sick, perverted individuals; for if you do, then shouldn't we blame the whole economic system? And IF the whole economic system is guilty, then isn't this an indictment of our monetary institution in general?

I put it to you, Kevin Brady!  Isn't this an indictment of our entire American Society?

Well, you can do what you want to us, but we're not going to sit here and listen to you badmouth the United States of Amurica!

Gentlemen!

http://www.youtube.com/watch?v=ROxvT8KKdFw

 

Wed, 05/07/2014 - 11:12 | 4736046 Bear
Bear's picture

"We do not intend to sell Mortgage Back Securities" ... "The Balance will move substantially lower" .... WTF

Wed, 05/07/2014 - 11:13 | 4736057 NoWayJose
NoWayJose's picture

No trouble explaining it - "This chart is caused by the continual QE policies we have had in place at the Fed".  She also will have no trouble explaining why those policies were put into place - "It was Ben's idea".  And there is no problem explaining why QE is STILL in place - "We are tapering right now".  NO TROUBLEMO!

Wed, 05/07/2014 - 11:14 | 4736067 praps
praps's picture

Wealth distrubution is the governments job, not the Fed's.

Wed, 05/07/2014 - 12:58 | 4736490 madcows
madcows's picture

Wealth Confiscation is the government's job, not the fed's.

Wed, 05/07/2014 - 11:17 | 4736068 MrPalladium
MrPalladium's picture

You guys don't get it! Wall street roars precisely because the middle class suffers.

The lower wages go and the lower liviing standards fall for the bottom 90%, the greater the corporate profits.

This is the reason for corporate capture of .gov

And civil order is maintained as long as .gov can borrow money to fund welfare for the working age unemployed.

Welcome to the new normal.

Wed, 05/07/2014 - 11:16 | 4736077 FreeNewEnergy
FreeNewEnergy's picture

Yellen's new word is...

"misvaluation."

Sorry, Janet Planet, that is not a word.

Hey, what's that droning sound I hear over my head?

Oh, shit...

Wed, 05/07/2014 - 11:19 | 4736092 rosiescenario
rosiescenario's picture

The slide was actually presented to reassure all the elected officials that their source of campaign funding was doing well.

Wed, 05/07/2014 - 11:28 | 4736119 Obama_4_Dictator
Obama_4_Dictator's picture

Listen this is all bullshit Janet, may I call you Janet?.....I thought everything was fixed in 2009 / 2010.....we were promised it was over.  Still 3-4 years later you are fucking with the markets....if everything was fixed stop intervening...just stop it right now and we will forgive you...if you don't raise interest rates right this second, at least admit it's not fixed, and that it never will be, and we have to keep interest rates low forever....and then we will also forgive you...if you do neither, then we will NEVER forgive you and you will regret this day when we stone you all for your transgressions against the people.......

Wed, 05/07/2014 - 11:28 | 4736139 Oro
Oro's picture

collegee at  $100,000 per annum?   What cliches!

Wed, 05/07/2014 - 11:28 | 4736140 Oro
Oro's picture

collegee at  $100,000 per annum?   What cliches!

Wed, 05/07/2014 - 11:29 | 4736146 rosiescenario
rosiescenario's picture

"German industry orders fell 2.8% in March, the biggest drop in one and a half years"

 

Just saw that news item and keep thinking about DB's incredible derivative exposure figure that is 7X Germany's GDP......

Wed, 05/07/2014 - 11:40 | 4736207 Tenshin Headache
Tenshin Headache's picture

... and that's before the next round of sanctions.

Wed, 05/07/2014 - 11:33 | 4736172 Oro
Oro's picture

Where does she think the money is going????????????????????

Wed, 05/07/2014 - 11:33 | 4736173 replaceme
replaceme's picture

I call shenanigans on the +4.2%

Wed, 05/07/2014 - 11:36 | 4736188 Never_Put_Down
Never_Put_Down's picture

I call shenanigans on the 108%

Wed, 05/07/2014 - 11:34 | 4736180 Dr. Destructo
Dr. Destructo's picture

I'm surprised by the lack of imagination of a lot of people here. All you need to do is rename Main St. to Wall St. and you'll see the growth on a local level.

You can thank me later, but for now enjoy the prosperity. /sarc.

Wed, 05/07/2014 - 11:36 | 4736187 Comte d'herblay
Comte d&#039;herblay's picture

You sure as hell don't know much about accuracy in data.

If you take the 4.2% and add it to the 108.2%, you get (carry the 2) 112.4%.  You then take that number and divide it by 2 and you get 55.7%.

That means the Average increase in disposable income of the total group is now an increase of 55.7%.  

You should be delighted.

 

Wed, 05/07/2014 - 11:40 | 4736209 zipit
zipit's picture

It'll trickle down... like diarrhea.

Wed, 05/07/2014 - 12:48 | 4736463 homiegot
homiegot's picture

Diarrhea hats are in order. Wide cone shapes.

Wed, 05/07/2014 - 11:59 | 4736272 TheRideNeverEnds
TheRideNeverEnds's picture

With the e-minis exploding 20 points higher off their lows I somewhat doubt that the market is concerned about anything aside from missing the next move higher.  

After all, we haven't seen the 1900 print yet so buying here is free money right?

Wed, 05/07/2014 - 12:15 | 4736342 Comte d'herblay
Comte d&#039;herblay's picture

meh

Wed, 05/07/2014 - 12:05 | 4736306 Itchy and Scratchy
Itchy and Scratchy's picture

Votin' & tax payin' peeps still believin' the FEB Banksters r tryin' to do nice things just 4 them!  LOL!  Haaaahaaaahhhaaaaa! Lol! Keep waitin'!  Haaahahaahaha!

Wed, 05/07/2014 - 12:08 | 4736323 Mr. Delicious
Mr. Delicious's picture

My take, fwiw is that she, and people like Krugman can only explain it by looking outside the money system {which is largely the cause}, which they take for granted, and which they can't even begin to question.  Has Yellen or Bernanke or Krugmanbearpig ever even addressed criticism of private central banking/fiat/frac reserve lending?

I don't think you need to be a rocket surgeon to understand that those with the issuing power and/or massive amounts of capital and/or access to cheap money which you can then lend out fractionally, or use to buy treasuries at higher rates, plus interest - necessarily means a differential transfer of wealth in the system from low to high, from labor to capital, and from workers to banks.

Being bright people, they must know this...  which makes them, as some have said - evil, not stupid.

I haven't seen people discussing Krugman on here as much as when I started periodically reading this site maybe 2 or 2.5 years ago, but I think he strains very hard to blame the "right wing" - his E.Goldtein, for everything, generally without evidence, and his audience drinks it up apart from maybe a 6-8% dissent rate, most of whom don't generally provide great arguments to counter his although certainly some do.

Just as the right likes to blame illegals and {usually black} welfare mothers, the left likes to blame corporations and the existence of people who think diferently than they do.

I might not buy all the libertarian stuff, still learning, but I do a great deal, and it seems to me to be the only approach, right here, right now, that comes reasonably close to getting to the heart of the fuckery - the money system itself  {which isn't to say corporations, especially banking corporations, aren't a huge problem post-TBTF and that entitlements and safety nets have gotten out of control and aren't sustainable....

I hate to be a pessimist, but it seems to me, and some of you guys have said the same, that Ron Paul was the sort of last chance, and it was only a chance, to reform things, avoid collapse, and |: avoid violence.   The media demonstrated how "controlled" it is by vested interests, and the American people showed how dumbed-down and divided they were - Occupy and The Tea Party were villified as commies and racists respectively, in short order, and never suspected that they had significant common ground.  Yeah, divide and conquer and all.

Now, it seems like this thing is going to play out like TPTB want it to - at least initially.  I think there are 'externalities' that might surprise them...

In terms of waking people up and maybe a last last chance...  I think the key is 9/11 and finding a way to demonstrate that, no matter what you believe, there are a great deal of unanswered questions.  The door has to be opened a crack before people get to the fact 9/11 was an inside/mossad job {cia, osp in the pentagon, up to the joint chiefs and I have a hunch the DIA}....  can't be 100% certain of that of course, but you can sure as shit be sure those 3 buildings did not collapse in their own footprint near freefall by 2 planes and burning jet fuel.

 

 

Wed, 05/07/2014 - 12:18 | 4736357 Tenshin Headache
Tenshin Headache's picture

And you were doing so well until the last paragraph.

There are *dozens* of other ways to educate people without invoking 9/11, which is a great way to lose most of them.

Wed, 05/07/2014 - 13:25 | 4736576 Lin S
Lin S's picture

Indeed.

Because we all know that discussing 9/11 is very inappropriate, and never, ever to be done in polite circles.  Like MH370.

/sarc

 

Wed, 05/07/2014 - 14:15 | 4736804 Mr. Delicious
Mr. Delicious's picture

I humbly suggest you re-read my post, to include th elast para, because I think you miss the point. 

The keystone to waking people up is 9/11 - most people are already 'lost' as to the money system and the deep state, etc. etc. - understanding that 9/11 did not happen as the official narrative says is key - which means finding a way to get people to become a bit more openminded about it...

which means finding a way to present the various unanwsered questions without invoking the illuminati, annanuki, 'the jews' or NWO etc. etc. 

Really - you basically missed my point, although, I'm admittedly a crap writer so let me rephrase - you misunderstood what I intended to convey...  people immediately dismiss 9/11 talk, but it remains the key to further awakening.  'unanwered questions' to call for a new investigation is largely the approach of architects and engineers, and they've gotten more traction than most.

I find it hard to believe people with an undergrad level solid but simply basic understanding or terrestrial physics wouldn't have some questions, myself, but I know very smart people, doctors and chemists and lawyers, who absolutely have no doubts about jet fuel/office fires weakening steel leading to pancaking nar freefall in sequential order. 

 

 

Wed, 05/07/2014 - 13:27 | 4736579 Lin S
Lin S's picture

Awareness fail.

Ron Paul = controlled opposition.

Wed, 05/07/2014 - 16:13 | 4736823 Mr. Delicious
Mr. Delicious's picture

I'm pretty certain Dr. Paul was not "controlled opposition" - don't let the perfect be the enemy of the good, my man.  I have to wonder what your sense of the concept is.  I also don't think he was a gatekeeper.  Alex Jones, for example, is a gatekeeper for Jewish/Zionist involvement in some of the fuckery he discusses - he may or may not be 'controlled opposition' as well.  A lot of pro-Palestinian and even some BDS groups are controlled opposition. 

On the other hand, I am open to the idea that people who go around claiming that RP is "controlled   opposition" are shills.

 Of course, as a general rule, stupidity and ignorance are often better explanations than shillery, if you will...

xoxox

Wed, 05/07/2014 - 12:09 | 4736324 sondernauch
sondernauch's picture

Like it freaking matters what she says.

Wed, 05/07/2014 - 12:16 | 4736351 Grouchy Marx
Grouchy Marx's picture

Easy. Janet says: "insufficient stimulus, print moar."

Wed, 05/07/2014 - 12:16 | 4736352 Tenshin Headache
Tenshin Headache's picture

You have to break a few million Main Street eggs to make a Wall Street omelet.

Wed, 05/07/2014 - 12:17 | 4736356 Itchy and Scratchy
Itchy and Scratchy's picture

It's not like the 'little guy' ain't getting nuthin'!

The 'fair' part of this is that the main street 'tax paying schmoe' will get the lion's share of the amassed debt to pay back!

Wed, 05/07/2014 - 12:29 | 4736391 pies_lancuchowy
pies_lancuchowy's picture

Explaining a slide while HANGING FROM A SOLID TREE may prove technically difficult 

Wed, 05/07/2014 - 12:45 | 4736453 homiegot
homiegot's picture

I'm about to enjoy my new ACA taxes and premium increase next month. I need more lube.

Wed, 05/07/2014 - 12:59 | 4736498 walküre
walküre's picture

As long as we accept that a single guy at a hedge fund can bank $400,000 / hour or $6,667 / minute just because.... well we deserve the raping.

Demand to get paid in gold and silver or don't show up. What difference does it make? We're all going to be broke one day anyway.

Wed, 05/07/2014 - 13:08 | 4736523 Australian Economist
Australian Economist's picture

Expect a beating until you're down

Wed, 05/07/2014 - 13:19 | 4736555 Drifter
Drifter's picture

She has no obligation to explain any slide nor anything else to congress.  She can simply say "no comment", citing Fed authority to handle the US money supply as they see fit.

I don't understand this belief many people seem to have that govt owes us any explanation for anything they do.

Wed, 05/07/2014 - 13:58 | 4736743 Armed Resistance
Armed Resistance's picture

"I don't understand this belief many people seem to have that govt owes us any explanation for anything they do."

 

Um, really?  Because the government derives its power from the consent to be governed.  We have this document called the Constitution that used to be regarded as the law of the land.

I know with all the sideshow WWF wrestling imagery that congress and the WH put on for the people it can be a little distracting, but they do in fact work for the American people.  And in a very short amount of time when fiat dollars begin their official nosedive the people will be out in droves reminding those MF'ers who is boss.

Treason will be all the rage.

Wed, 05/07/2014 - 17:31 | 4737390 Comte d'herblay
Comte d&#039;herblay's picture

I'm a bit slow and I recognize sarc when I dee it.  

Don't you? 

Wed, 05/07/2014 - 19:44 | 4737745 Drifter
Drifter's picture

"Um, really?  Because the government derives its power from the consent to be governed."

You can't be serious.   That "consent to be governed" stuff ended with the civil war.  Just ask the southern states.  Some would argue earlier than that.  I believe it ended before the ink was dry on the constitution.

Go try your "consent to be governed" nonsense on a cop.  See how far you get.

Yea, it sounded nice in the declaration of independence.  "Consent of the governed".   But it never actually happened.

Wed, 05/07/2014 - 13:32 | 4736602 hangemhigh77
hangemhigh77's picture

Well how can Americans complain?  Warren Buffet has done great.  We taxpayers saved his ass ets.  That's what's important to America keeping these fat crooks rich.

Wed, 05/07/2014 - 13:35 | 4736614 hangemhigh77
hangemhigh77's picture

I wonder if in her off time if Yellen stands in front of Jamie Dimon's mansion holding a latern? She looks like a friggin Gnome.

Wed, 05/07/2014 - 13:36 | 4736626 Dre4dwolf
Dre4dwolf's picture

that 4.2% is countered by inflation of 6%+

Wed, 05/07/2014 - 13:41 | 4736661 the grateful un...
the grateful unemployed's picture

her 2% inflation means 4% food and energy (which never makes it to core inflation because asset prices either collapse, or prices of nonessential goods and services continues to fall)

Wed, 05/07/2014 - 18:58 | 4737652 Dre4dwolf
Dre4dwolf's picture

Exactly, less people buying houses, flat-screens, computers, furniture baby products etc. . . = falling prices for those goods, while food doubles/tripples in price.

The stuff people NEED to buy goes up in price, while the worthless crap / electronics no one really needs continues to fall in price.

So you will be hungry, but atleast you have a 55" tv  . . . backwars bizzaro world we live in.

 

 

Wed, 05/07/2014 - 13:39 | 4736642 the grateful un...
the grateful unemployed's picture

she was asked that question twice, the first time she said there was no evidence that it was a problem to the economy, as long as spending remained upbeat. (i guess she ignores bulging consumer credit, as long as spending is robust) the second time the question was put a different way and she said it was a concern. the real good question was the one member who asked her what sort of fiscal policy decisions they needed to make, and she muttered on about the deficits for a moment, and then launched into a dissertation on bank regulation, and something about community banks (a pox on the wall street house, nonprofits, sniff snort, we cant possible although them to make business loans even though the big banks will not) and lately some experts want to repeal fractional reserve banking, (which i am sure she is in favor of) if there's a regulatory battle coming, will the congress strip them of some of their powers? the fed could end up looking very bad if they follow a policy which does not dovetail with their own (fractional reserve lending) non-regulatory bias.  when Citibank was slapped down over a plan to raise the dividend it didn't hurt the stock very much. while i like to blame the fed's excess (QE) there is a lot of pressure for them to goose (i dont' like that word she said) the markets, and that means the money supply. my stock response to all this is, negative money velocity is coming. widows and orphans may not have to pay to park their cash in a bank account, but the fed wont be printing money as fast as it is being taken out of circulation

Wed, 05/07/2014 - 14:50 | 4736919 walküre
walküre's picture

Spending is so upbeat that major retailers are shutting stores nationwide. Too fucking bad we can't all consume at Tiffany's and drive Maseratis. It's our fault, I guess.

Wed, 05/07/2014 - 21:03 | 4738137 Radical Marijuana
Radical Marijuana's picture

It is the fault of the middle class, for being morons that refused to recognize that they were members of an organized crime gang, that was gradually marginalizing them to the point of being insignificant.

Wed, 05/07/2014 - 21:16 | 4738171 Radical Marijuana
Radical Marijuana's picture

"the first time she said there was no evidence that it was a problem to the economy" ...

We now live in a world where the use of "money" to buy things like food or fuel is TRIVIAL, compared to the amount of "money" that has been legally made out of nothing as debts, to enable banksters to legally gamble with, through speculative "investments." All of the ordinary people, in the total physical world, add up to less than 1% of the "economy" which operates on the basis of "money" made out of nothing, being used to speculatively gamble with.

If, or when, the house of cards of fiat money being made out of nothing to gamble with collapses, that will fall on top of the people in the real world, which are now trivial components of the banksters' systems of globalized electronic frauds, backed up by the threat of the force of atomic bombs. Meanwhile, Yellin can continue to count on the vast majority of people not understanding that REALITY, because they do NOT WANT TO UNDERSTAND THAT!

The vast majority of the mainstream middle class are being destroyed in ways which were proportional to the degree that they were persuaded to believe in the banksters' bullshit social stories. The degree to which we could resolve these problems any better is proportional to the degree to which enough people understood more radical truths about the social and environmental facts. At present 99% of the people believe in Huge Lies, due to the history of those Lies having been enforced with Violence, for generation after generation. Therefore, the problems are at least 100 times worse than most people understand, since the amount of real collateral for all their debts is at least 100 times smaller than those debts are. Furthermore, the established systems are headed towards those ratios become 1,000, rather than diminishing to less than about 100.

The radical truth about the Federal Reserve Board in particular, as well as the economic system in general, might as well be on the Dark Side of the Moon, as far as the ability of the vast majority of people being able to perceive that. A speech given by Yellin to Congress might as well be seen as a muppet show, rather than any other kind of theater. Nothing remotely close to the facts about the real world are going to be addressed!

Wed, 05/07/2014 - 13:45 | 4736671 DeficitAlchemist
DeficitAlchemist's picture

Ursury Jews steal from workers.. whats to see here, what's new, what dont you understand... they don't even hide behind gentiles anymore ('Greenspan, Bernanke, Rubin, Paulson, Goldman Sachs.. ). Its in your face and what are you little gentile white Boys gonna do about it.. You'll buy your popcorn and throw more of your hard earned at the prosystem Hymiewood entertainment machine they created to distract you.. you are a lessor being, dont you get it, there is only one chosen race and you aint it.

Wed, 05/07/2014 - 17:58 | 4737459 pies_lancuchowy
pies_lancuchowy's picture

the only purpose of our lives is to serve our masters - the Jews. The Jews wish us long life in good health - like they wish to their cows and horses - so that we can work long and well for them. This is a quote from a prominent Israeli spiritual leader (Rabbi Ovadya Josef - died in 2013, his funeral was the biggest gathering of Jews possibly in whole history)

Wed, 05/07/2014 - 15:00 | 4736966 Mr. Delicious
Mr. Delicious's picture

Where's Stan "Israel First" Fischer?

Wed, 05/07/2014 - 16:03 | 4737143 Falconsixone
Falconsixone's picture

Smellin like a felon. Chosen liar.

Wed, 05/07/2014 - 16:39 | 4737258 TinF0ilHat
TinF0ilHat's picture

It is probably a good thing that the QE dollars haven't made it to main street, considering that is had, the velosity of money would pick up as would inflation. 

Wed, 05/07/2014 - 17:13 | 4737319 michigan independant
michigan independant's picture

Price of politicians went up Alice, and they do indeed alone deserve what they voted for.

The life of a clique is about five years and I have been writing long enough to see three of them come and two go - the Catholic gang, the Stalinist gang, and the present pacifist or, as they are sometimes nicknamed, Fascifist gang. G. Orwell

 

Wed, 05/07/2014 - 17:05 | 4737323 buzzsaw99
buzzsaw99's picture

the billionaires drink your milkshake

Wed, 05/07/2014 - 17:20 | 4737365 Peter Pan
Peter Pan's picture

If you take away the gains to Wall Street and to the top .1 of the 1%, then there has been virtually no GDP growth in the USA.

Wed, 05/07/2014 - 17:28 | 4737377 Moe Howard
Moe Howard's picture

Nothing will change unless banksters go to real prison.

Wed, 05/07/2014 - 20:56 | 4738109 Radical Marijuana
Radical Marijuana's picture

That is not remotely close to sufficient. Nothing could be changed unless enough human beings were to able to understand that human civilizations are necessarily systems of organized lies, operating robberies. Projecting the blame for that onto the currently best organized gangs of criminals, the biggest gangsters, the banksters, does not address the deeper problems regarding how human beings live by acting as robbers in their environment. Evolving better human and industrial ecologies, that could be reconciled with natural ecologies, is not going to be accomplished by putting a few of the banksters into real prisons. After all, that is not politically possible in any practical ways, at the present time, and furthermore, barely scratches the surface of the ways that Neolithic Civilization as a whole has become runaway criminal insanities, with respect to how it was always based on backing up lies with violence. There are several orders of magnitude to deeper problems, within which punishing banksters for their crimes are only relatively trivial facets of those bigger problems.

As my comment below discussed, putting some of the banksters in real prison is merely another "nice dream" that is "never gonna happen," and moreover, is not remotely close to being enough!

Wed, 05/07/2014 - 18:00 | 4737467 Itchy and Scratchy
Itchy and Scratchy's picture

Wall Street is tryin' to figure out how to get some of that 4.2% too!

Wed, 05/07/2014 - 18:01 | 4737468 Itchy and Scratchy
Itchy and Scratchy's picture

I can't believe Wall Street left 4.2% on the table!

Wed, 05/07/2014 - 18:04 | 4737477 blue gkm
blue gkm's picture

I dont hate jews i hate what they do to everybody else.

Wed, 05/07/2014 - 18:31 | 4737550 resurger
resurger's picture

Fuck Jooz!

Wed, 05/07/2014 - 18:08 | 4737485 SmittyinLA
SmittyinLA's picture

Good thing Wall St owns the US Senate 

Wed, 05/07/2014 - 18:10 | 4737489 resurger
resurger's picture

Priceless Tyler! +5

Wed, 05/07/2014 - 18:13 | 4737501 Clowns on Acid
Clowns on Acid's picture

The US obviously needs moar illegal immigration, moar ObamaCare, and moar money printing... just what the fuck don't you get that Obama and his admin do?

Wed, 05/07/2014 - 18:44 | 4737604 El Hosel
El Hosel's picture

 Living on Fantasy Island snorting Fairy Dust with a double shot of "The Kool aid"... Maybe the Fed didn't notice the transfer of wealth.

Wed, 05/07/2014 - 19:27 | 4737749 dfwpike
dfwpike's picture

Yellen doesn't give a shit.  She's bought and paid for.

Wed, 05/07/2014 - 19:55 | 4737876 Incubus
Incubus's picture

The Great Whore of Wall Street.

 

 

Wed, 05/07/2014 - 20:40 | 4737966 muleskinner
muleskinner's picture

They're lying and they always lie, so it is nothing new.

May the bird of paradise fly up your nose.

There is no shame in being poor, to be ashamed of it is - Benjamin Franklin

American eagles versus Alaska brown bear:

https://www.youtube.com/watch?v=uINuwjFv7vo

 

 

Wed, 05/07/2014 - 20:48 | 4738065 Radical Marijuana
Radical Marijuana's picture

CuttingEdge posted an earlier comment that cut to the heart of the matter, which is the history of the funding of politics, and that within radical changes there, then nothing else could be done. However, CuttingEdge concluded that incisive comment with the throwaway line: "Never gonna happen but nice to dream." Since everything I have learned about politics during the several decades has always been that the more I learned, the worse it got, I too  continue to more desperately cling to it is "nice to dream!"

Follow the money to its SOURCE, but then go beyond that SOURCE. The Federal Reserve Board is the result of the international bankers being able to persistently apply the methods of organized crime to dominate the political processes, to legalize changing the American public money supply from being being based on gold and silver, whose value was set by Congress, to "money" made out of nothing as debt by private banks, with the runaway creation of that "money" since 2008 becoming relatively more blatantly done by the Federal Reserve Board than previously.

IF one stops indulging in "nice dreams" about some series of political miracles, THEN the realistic view is that the we have no choice but to continue muddling through the runaway madness that our civilization operates according the the principles and methods of organized crime, and that NOTHING outside of those methods of organized crimes can actually change anything.

It is understandable that we attempt to promote "nice dream" resolutions to these problems, since the realistic resolutions of the American Nightmare are that runaway debt slavery will drive through to debt insanities, which will then provoke death insanities. Natural selection will continue to commensurate the incommensurables, by social storms blowing through, which change things in extremely crazy ways. Other than "nice dreams" the only realistic alternatives are for the established systems to automatically get worse, faster, until they force themselves to go through uncontrolled changes of state, due to their madness having driven themselves through self-destructive collapses into chaos.

The basic facts will not change. Money is measurement backed by murder, because the debt controls depend upon the death controls. The only things that will change are that the established systems will muddle through to ever increasing social insanities, manifesting mad self-destructiveness. The Federal Reserve Board has been the result of the ways that the methods of organized crime actually control civilization, by enforcing frauds, whose success automatically becomes more psychotically insane, as shown by how the debt slavery automatically drives itself to become debt insanities, which are mathematically impossible to ever repay, and therefore, eventually collapse the whole system into crazy chaos.

There is NO DOUBT that the funding of the political processes was always at the heart of the runaway vicious spiral of the banksters privatizing the public "money" supply, and thereafter driving everything else through loop after loop of corporate fascism, where nothing about the theory of "capitalism" nor "free markets" were left, after "money" was made out of nothing, which meant that "capital" was being made out of nothing, while interest rates were able to be rigged, which meant that every other market was being rigged.

It is IMPOSSIBLE for Janet Yellin to explain that slide, except by repeating the same old worn-out lies. Other than having "nice dreams" to wish for some series of political miracles, which could pick the Catch 22 problems of the corrupt funding of politics up by their own bootstraps, the only realistic solutions have to be based on realism regarding the problems, which are that the Federal Reserve Board exists as the result of the application of the methods of organized crime, and that no realistic solutions exist outside that frame of reference, which necessarily means more organized crimes.

The ways that natural selection can commensurate the incommensurables ARE going to shake things out. Therefore, the USA, and most of the rest of the globalized political economy, based on electronic frauds, backed by the threat of the force of atomic bombs, ARE going to work themselves through, by powering social storms, which will amount to the psychotic breakdowns of the established systems, as too much of their kinds of success based on enforcing frauds drives themselves through their own collapses into crazy chaos, where the realities that money is measurement backed by murder will manifest in the ways that the runaway debt insanities will provoke runaway death insanities.

In that context, no wonder we like to propose "nice dreams" about some series of political miracles, to resolve the problems that the funding of politics has become almost completely corrupt, with the creation of the Federal Reserve Board itself being the supreme symbol of that development! In the real world, the AMERICAN NIGHTMARE has been globalized! "Money" made out of nothing as debts has driven irreconcilable social polarization. More importantly, that "money" has financed irreparable strip-mining of planet Earth.

Human civilization has become runaway systems of organized lies, operating robberies, which were able to become so successful that there was barely any real opposition left, which was able to effectively resist that happening. The Federal Reserve Board, as the American King of Fraud, has supervised the emergence of a new royalty, or court of fraud, presided over by the biggest banks, and the corporations that grew up based on that foundation of financial frauds. Everything has been built on the basis of triumphant frauds, which had as their flip side the attitudes of evil deliberate ignorance towards their realities, while they were able to proceed through social systems based on fantasy cultures, such as the language that the Federal Reserve Board would use to attempt to justify that slide, regarding the runway social polarization of American society. However, in the bigger picture, that social polarization is trivial, compared to how fundamentally fraudulent financial accounting systems have promoted the strip-mining of planet Earth.

In my view, the final paradox, presuming enough people survive enough through that, is one can expect that then new systems of lies will become dominate, to organized new systems of robberies. Again, in that context, there is no apparent practical point to promoting more radical "truth" about what is happening. The established systems, based on lies, backed by violence, do not care about more "truth," while the controlled opposition groups against those established systems continue to also operate within the same dominant systems of social lies. The only realistic solutions would have to be based on facing the facts that the Federal Reserve Board exists as the result of the triumph of the application of the methods of organized crime, to dominate the political processes, in order to have legalized the counterfeiting of the public "money" supply out of nothing as debts by private banks. Ha, Ha, Hah!

Other than having some irrational hopes, for some "nice dreams" that there would be some series of political miracles, the only realistic predictions are for the runaway social insanities to continue through series of psychotic breakdowns, whereby they become even more insane, rather than less. A "nice dream" is that human beings would make a greater use of information, to be able to develop enough higher consciousness to understand human civilization as an holistic energy system. However, the ways that we actually do that now are so totally dominated by entrenched lies, that have made everything understood so totally backwards, that one can barely begin to imagine how that is even remotely possible.

The paradoxical radical truth is that it IS possible to understand the Federal Reserve Board as the result of the international bankers systematically applying the methods of organized crime to capture control over the government of the USA. However, AFTER doing that, then there are NO realistic solutions which could function by ignoring those social facts. The only realistic "solutions" are that the methods of organized crime must continue to be what controls the future of America, as well as the rest of the world. Such realistic solutions are so extremely paradoxical in their nature as to be almost beyond our ability to even begin to imagine how they actually will work themselves through ... Hence, I continue to sympathize with other people, who, like me, continue to indulge in proposing some alternative series of political miracles, as "nice dreams," which we know are "never gonna happen."

After all, those are a lot nicer to think about than the most probable future realities, which are runaway debt insanities provoking runaway death insanities, as the actual ways that these problems will be resolved. Meanwhile, the audience for thinking about loud about how to PERHAPS tack as close to the wind as possible through those social storms seems now to be so infinitesimal, as to be practically pointless to bother articulating!

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