"Is The U.S. A Capitalist Democracy Or Oligarchy?" Janet Yellen Doesn't Know

Tyler Durden's picture


Submitted by Mike Krieger of Liberty Blitzkrieg blog,

During this week’s Senate hearings, Janet Yellen was asked by Senator Bernie Sanders if the U.S. was a capitalist democracy or has morphed into an oligarchy. While readers of this site already know the answer to this question, which was recently proved empirically by a Princeton and Northwestern academic study, it was still stunning to note her unwillingness to answer the question.

I will give her some credit for not flat out lying about it. She inherently understands that the U.S. is a corrupt, shameful oligarchy, but as head of the institution most responsible for this transformation she simply cannot tell the truth. It is incredible that things have fallen so far that a U.S. Senator felt compelled to ask such a question, and even worse that such a powerful official couldn’t vehemently and decisively deny the claim.

Where I take exception with Sanders, is that he appears to live under some strange sort of hypnosis that makes him think only Republican oligarchs are problematic. Of course no sane person should draw any serious distinction between establishment Democrats or Republicans. Furthermore, he also makes the mistake of focusing on the 1%, when the real problem resides in a far smaller  0.01%, which I described in my post: Where Does the Real Problem Reside? Two Charts Showing the 0.01% vs. the 1%.

See for yourself:


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Sat, 05/10/2014 - 14:40 | 4746433 TeamDepends
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Answer:  I'm the Goddess of the Fed, AND I'm from Berkely, deal with it bitchez!!!!!!!!!!!!!

Sat, 05/10/2014 - 15:11 | 4746504 Doña K
Doña K's picture

Congress gave her the power and is afraid to take it back. Congress can make laws and redistribute all the income they want. But statistically speaking if the 1% or even the 10% pay 100% of their income or even their wealth, is not enough to bring everyone to par.

We are so deep into the slide that the banks can replace any politician in a NY minute. They have the goods on everyone thanks to NSA including the supreme court which has been very disappointing the last several years.

So congress can ask all the difficult questions, but she will bounce it back to them as they make the laws.

Turn the light off. I have been considering Botswana for my new residence and live amongst wild animals and feel a lot more comfortable and free as they are more predictable than TPTB. Case and point a hyena came into the hotel lobby and sat on the couch. We used a powerful referee whistle and she run out 0-60 in 6 sec.  

Sat, 05/10/2014 - 15:19 | 4746523 ZerOhead
ZerOhead's picture

When a wild hyena sitting on your hotel couch becomes more predictable than TPTB you know that TEOTWAWKI can't be far away...

Sat, 05/10/2014 - 15:24 | 4746552 MarsInScorpio
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And this airhead is going to run the world?


Janet is proof-positive that some entity calls the shots for the West.


Sat, 05/10/2014 - 15:41 | 4746580 ZerOhead
ZerOhead's picture

Just until Stanley Fischer gets into town...

Sat, 05/10/2014 - 15:40 | 4746584 ZerOhead
ZerOhead's picture

BTW... anybody see Stan lately?

Sat, 05/10/2014 - 16:48 | 4746660 imapopulistnow
imapopulistnow's picture

She really gave the best answer she could without having to lie.

Sat, 05/10/2014 - 16:37 | 4746723 NuYawkFrankie
NuYawkFrankie's picture

When a wild hyena sitting on your hotel couch becomes more palatable than TPTB... 

Mon, 05/12/2014 - 19:17 | 4752683 MeelionDollerBogus
MeelionDollerBogus's picture

and to think: that hyena will never pretend it can change its spots. Banksters on the other hand...

Sat, 05/10/2014 - 15:26 | 4746558 MarsInScorpio
MarsInScorpio's picture



Why did Roberts change his vote on ObamaCare?


Hmmmmmmm . . . .


NSA! NSA! Do what we say! We know how you play! NSA! NSA!


Sat, 05/10/2014 - 15:29 | 4746562 TeamDepends
TeamDepends's picture

Because they threatened to cut his scrotum off?

Sat, 05/10/2014 - 15:45 | 4746599 Uncle Remus
Uncle Remus's picture

More like cut his conjugal visits with his scrotum.

Sat, 05/10/2014 - 15:54 | 4746616 TeamDepends
TeamDepends's picture

Even worse!!!!!   This is what they mean by "fair".

Sat, 05/10/2014 - 15:57 | 4746627 Antarctico
Antarctico's picture

More likely they threatened him with making a stink about his illegal adoption via Latin America of his two Irish born children.

Sat, 05/10/2014 - 21:28 | 4747177 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Citizens of Great Britain and Canada should concerned about Roberts and The Supreme Court also.

The fact they wouldn't hear the NDAA case concerning indefinite detention should be a major concern since trial by jury is one of the underpinnings of English Common Law. They ought to fucking know that and should have taken the case and struck down the indefinite part of it. It is one thing to allow for an entity to hold someone for a fixed period of time like up to a year for example before charging them but the fact is the get their chance to contest that detention in court through a trial eventually. This is just a big fuck you to the whole entire English Common Law system by them, if they had any respect for the law they would have struck that part down with no ambiguity in the ruling saying you can detain someone just not detain anyone period for an indefinite amount of time. You know once the ass wiping on Common Law is allowed to happen it is just going to spread and not just in the US....

The US Supreme Court just happens to be based upon the British Supreme Court and the US legal system's underpinnings just happens to be based upon English Common Law.


Sun, 05/11/2014 - 00:24 | 4747531 MrPalladium
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The British Supreme Court is a branch of the House of Lords and has no powers of judicial review as we know it, that is, the power to nullify an act of Parliament.

So the U.S. Supreme Court was radically different from the "Law Lords" as they were styled prior to 2005 and the "Supreme Court" as they are called post 2005.

Sun, 05/11/2014 - 08:26 | 4747796 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

An act of Parliment and Common Law are not the same though they do overlap. Yes it is true that Parliment can amend or repeal common law but unless things have changed in the UK the lower courts recognize and rule in favor of Common Law as the primary statute were they overlap. Granted this applies only to Wales and England, Scotland and North Ireland are seperate jursidictions.

My point being the lower courts would rule against indefinite detention in Britain before it even made it's way to the British Supreme Court because the indefinite violates the whole idea of a trial by jury in the first place. You can't hold people indefinitely, once you do that, you might as well throw the law out the window and just call the place a dictatorship. Legal isn't lawful in all cases and that is what a trial by jury ensures when it crosses the line.

They will just make it legal to indefinitely detain people for indefinite reasons (basically anything over time once the precedent is set).


Mon, 05/12/2014 - 19:17 | 4752681 MeelionDollerBogus
MeelionDollerBogus's picture

Inconsequential. America can make plenty of laws that are illegal in Canada & vice versa. "based on" goes back too many centuries to stop such a legal change.
It just means now that Canadians need to be smart enough to boycott the USA police-state.

Sat, 05/10/2014 - 19:38 | 4746948 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Savuti or Bust!!!!!!



Sat, 05/10/2014 - 20:47 | 4747064 Seek_Truth
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“When one gets in bed with government, one must expect the diseases it spreads.” - Ron Paul

Sun, 05/11/2014 - 04:56 | 4747676 hansg
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What do you expect will happen in Botswana once the inflow of foreign money stops, though? Will there be enough food? Or will the locals simply eat the foreigners first?

Sat, 05/10/2014 - 15:10 | 4746505 max2205
max2205's picture

I'll take its a Shithole for.2,000 Alex

Sat, 05/10/2014 - 15:19 | 4746527 Oracle of Kypseli
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Berkeley is a hornet's nest indeed with PHD's fantasizing of controling the world. The good old boys will eventually make you extinct

Sat, 05/10/2014 - 16:04 | 4746647 Bananamerican
Bananamerican's picture

You mean "the bearded gals" but point taken....

Sat, 05/10/2014 - 16:10 | 4746662 Wannabee
Wannabee's picture

And if you really want to something "out there", check out UC Santa Cruz

Sun, 05/11/2014 - 00:27 | 4747534 MrPalladium
MrPalladium's picture

visited UCSC once and the hairy legs on the females gave me the willies. Spectacular shrink-a-dink. Couldn't wait to get back to Orange County, CA.

Sat, 05/10/2014 - 16:38 | 4746667 messymerry
messymerry's picture

Ella koritsi, kalo messymerry, I recently began teaching part time at a midwestern liberal arts university.  I am astonished at just how ingrained the liberal fascist culture has become.  It's scary.  The worst part is how they treat the undergraduate students like 8th graders.  Don't fee like it's just Berkeley, because it is the entire education establishment.  The following are all fascist organizations:  The Education Industrial Complex, the Criminal industrial Complex, the Media Industrial Complex, the Political Industrial Complex,,, etc. etc. ad nauseam.  The population curve and the technology curve can be superimposed on each other almost perfectly.  Both are exponential and describe an asymptote.  We are on the vertical part of the curve.  Prepare...

[Edit] Posso chronia esai?

Sat, 05/10/2014 - 22:21 | 4747328 Confused
Confused's picture



If you aren't familiar with him, watch some of his talks on youtube. What you have described will make more sense. My apologies if you have already been introduced to him. 




Sat, 05/10/2014 - 23:46 | 4747496 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

They all learned their basic tradecraft and techniques including the CIA and MI6 from the Jesuits. The empire has been at this a lot longer than the US or these spy agencies have been in existence.

Sun, 05/11/2014 - 07:48 | 4747752 messymerry
messymerry's picture

Interesting bio on Bezmenov.  Not many people fully appreciate the superimposition of those two curves.  Ray Kurzweil (currently the head of Evil Google's AI effort) deescribes the technology side brilliantly in his book, "The Singularity is Near".  Unfortunately, the Googlemeisters, i.e. Schmidt and Cohen, (a couple of fascist puppetmasters if I've ever seen 'em) completely gloss over the dire effects of too many effing people on the planet.  The laws of nature are immutable.  We simply cannot go on much longer the way we are.  When/If we survive the coming conflagration, there will be a renaissance of unimagined scale.  We will then take our place among the successful advanced civilizations of the universe...  

Sun, 05/11/2014 - 02:26 | 4747631 RichardParker
RichardParker's picture

You're not kidding:

The Berkeley Mafia and the Indonesian Massacre:

" It was left to Berkeley actually to train most of the key Indonesians who would seize government power to put their pro-American lessons into practice. “





Sat, 05/10/2014 - 15:11 | 4746510 booboo
booboo's picture

You must mean Berserkly, but at least they ran Janet Napolitano off so the deserve some credit.

Sat, 05/10/2014 - 15:20 | 4746536 Oracle of Kypseli
Oracle of Kypseli's picture

She changed her name to Incompitano to match her qualifications

Sat, 05/10/2014 - 15:24 | 4746553 European American
European American's picture

Maybe, but I'm not so sure. "Goddess" is not the look they are trying to convey with this actress. We're way past what is actually said or done by this private corporation now, whom ever it appears is at the helm. It's the "look" that counts, i.e. sweet, harmless, speaking slowly, methodically and sounding like an older, maybe retired economics school teacher, one that can be trusted, no matter how bad the economic landscape is under siege, by the proverbial catastrophic wild fire.

Sat, 05/10/2014 - 16:26 | 4746704 Bokkenrijder
Bokkenrijder's picture

Well, I'm not a big fan of the FED or the FED system and I'll probably get a lot of shit for this, but a least she came across as being honest and didn't try to baffle everyone with bullshit like 99,9% of all politicians do...

Sat, 05/10/2014 - 16:31 | 4746713 TheReplacement
TheReplacement's picture

Seriously now, this a public conversation about wealth redistribution between two federal officials who obviously are outright communists.  How are people not seeing this?

Sat, 05/10/2014 - 22:23 | 4747333 Confused
Confused's picture

Funny considering he is just as co-opted as any, but for some reason he is outraged. Hahaha. 

Sat, 05/10/2014 - 14:41 | 4746434 svayambhu108
svayambhu108's picture

Oligarchy .

Sat, 05/10/2014 - 15:57 | 4746611 A Nanny Moose
A Nanny Moose's picture

This is a false dichotomy, since all Governmnet is Oligarchy. PERIOD.

Sanders is just another CONgresscritter retard, trying to rile his populist base. They would sell their own mothers to buy votes.

Sat, 05/10/2014 - 16:25 | 4746695 nmewn
nmewn's picture

And he is a self confessed socialist to boot.

Borg Collective: Shut up about it already nmewn.

Me: No, I don't give a damn, he is, its the truth.

MJ: Are you a Democrat, an independent, or a socialist?

BS: You can call me anything you want. I won with the label "Independent" next to my name. If you ask me, "Are you an independent democratic socialist?" — yes, I am. But then we have to talk about what that means.


Well, thanks for cutting off the interview right there, Mr. Ridgeway, "former senior correspondent at Mother Jones and a 2012 Soros Justice Media Fellow", more than a few might have gotten some insight into how Bernie planned to hand our wallets over to corporations & the state ;-)

Sat, 05/10/2014 - 16:34 | 4746720 TheReplacement
TheReplacement's picture

They were laying down the argument, same as the Pope, that there is a legit redistribution of wealth by the state but it isn't going the right way at this time so the government is going to have to do something in order to take the wealth away from people like the Koch bro's and give it to the poor while their lackeys and sycophants siphon off their share in the process.

This is THE oligarchy publicly discussing how they are going to fleece their opponents with their next move. 

Sat, 05/10/2014 - 19:58 | 4746990 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Trust me!  The Koch brothers are safe!

Can't say the same for your 401K or IRA though!



Sun, 05/11/2014 - 10:30 | 4747961 NihilistZero
NihilistZero's picture

Fuck the Koch Brothers and every other billionaire.  I can't think of a single one who could have amassed such wealth without the power of .gov protecting their intellectual and tangible assets for exponentially less than market pricing.  These welfare corpratists empire's could not exist without .gov, yet they rail against it at every opportunity.

   Fuck the billionaires.




Sat, 05/10/2014 - 21:09 | 4747129 Excursionist
Excursionist's picture

Bernie Sanders, union stooge:  http://www.opensecrets.org/politicians/contrib.php?type=C&cid=N00000528&newMem=N&cycle=2014

He and the people he represents are pissed about the Koch Brothers class not sharing enough of the spoils.

Two sides of the same corrupted coin.

Sat, 05/10/2014 - 14:42 | 4746436 PAWNMAN
PAWNMAN's picture

Perhaps because she is new to the position, she isn't comfortable with compulsively lying yet? Give her some time and she'll be spewing BS like her predecessors.

Sat, 05/10/2014 - 15:27 | 4746554 GVB
GVB's picture

She has no time left. She's screwed. And she will learn in the next couple of weeks. 

Sat, 05/10/2014 - 14:42 | 4746437 sleigher
sleigher's picture

They concern her...  Yeah, insofar as they are affecting the wealth trajectory towards the 0.01% 

Sat, 05/10/2014 - 14:43 | 4746438 Troll Magnet
Troll Magnet's picture

Sanders is a self-proclaimed socialist. Janet is...I don't know what he is.

Sat, 05/10/2014 - 19:56 | 4746984 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Let me see!?


Janet Reno, Janet Napolitano and Janet Yellen.

Don't name your next daughter "Janet"!!!!!!!


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