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Janet Yellen Is A Coward
Submitted by Dominique Dassault via GlobalSlant.com,
Yellen Is Loathe To Change Easy Money Policy
With her diminutive stature, dutch-boy haircut and puffy facial features Janet Yellen certainly does not look like a leader…more like a Brooklyn grandmother eager to tell you her special recipe for chocolate chip cookies. In this case, unfortunately, her appearance does not deceive.
You might ask What Are The Traits of a Leader? Naturally, there are many but one trait, I can assure you, that does not define a leader = COWARDICE…and that dubious characteristic seems to describe Yellen’s recent tenure at The Federal Reserve.
It is a strong statement. I am aware. But, sadly, it is an assertion that is not too difficult to support.
Definition of Coward:
a person who lacks courage in facing danger, difficulty, opposition, pain, etc.
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First of all, Yellen has demonstrated no thought leadership at The Fed. She is simply “preaching the same gospel” as her nerdy predecessor Ben Bernanke. I suppose that since her “hero” [her words] decided that debt monetization and interest rate suppression were a sound strategy for the economy then she might as well continue with the same approach…despite its limitations. This copycat approach seems to suit her well and, of course, that is unfortunate. Her lack of rational action, with respect to interest rate policy, reminds me of those that just do not have the courage to think for themselves…always wanting to piggyback on other people’s ideas rather than to devise thoughts of their own. Anyway it seems change is not in Yellen’s DNA [as it would require original thought] while she is forcefully fighting a logical change of course on interest rate policy. Maybe because any type of change is painful [see definition of coward above] even if the change itself is relatively minor [as in a 25-75 basis point increase in interest rates]?
Second of all, the cautious nature of Yellen [to not even legitimately contemplate a rate hike] is stunning. Sure, she talks a “good game” with respect to adjusting existing policy but is always deferring to the future and outlining a long list of conditions/caveats. Her internal monologue may go something like this…“perhaps we’ll make an adjustment to The Fed’s interest rate policy…perhaps not. I just need to think about it a little more. I am not sure.” And her procrastinating nature simply perpetuates into a frozen state of mind. As if a 25-75 basis point ramp in the fed funds rate will derail this moderate recovery. If anything, her timid approach speaks to the fragility of the economic recovery…an implied indictment of her Fed’s strategy. If, by chance, Yellen did raise rates she would surely face some opposition [see definition of coward above] likely from within her own “stacked” Fed…and therefore, to avoid being opposed, is delaying the inevitable for as long as she can…which brings up another intriguing point to ponder.
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If The Fed’s strategy to stimulate the economy is so effective [by her account] then why has the economy not reached “escape velocity” after six years of turbo charged stimulation? And then, why does the current interest rate environment not reflect that improvement? It is important to note that interest rates have not been pushed up for more than a decade.
Where the economy moves from here is a true unknown but that could be said at any point in time as economic forecasting is an art…not a science. However Yellen frequently cites continued uncertainty as a rationalization of current policy…but that is a lazy minded thought especially for a supposed expert in macro-economics and does not address the massive improvement in the U.S. economy since the lows of 2009.
How massive? The economic improvements in the United States are overwhelming and have been articulated, ad nauseam, by many i.e. jobless claims, unemployment rate, new car sales, home prices, etc. Some indicators have even exceeded the levels of the pre-2000 technology bubble i.e. jobless claims. And despite all the “gloom and doom” [i.e. comparisons to the Great Depression of the 1930’s] espoused by Yellen and her colleagues it is important to note that Real GDP is almost 10% HIGHER than the pre-recession peak of 2008. The economy is definitely not great but it really is not that dire either. Certainly nowhere remotely close to the economic nadir in 2009.
How bizarre and inexplicable is it then that U.S. interest rate policy is still exactly the same as it was when initiated by Bernanke in 2008/9? The incongruity, vis-a-vis U.S. economic performance, is so lopsided it is almost comical. According to Bernanke interest rate suppression and debt monetization were necessary because the economy had been delivered a “knee-buckling” blow from the real estate crash [of which, ironically, both Bernanke and Yellen presided over as senior level employees at The Fed] and these non-conventional measures, it was argued, were the shock therapy the economy needed to get “back on track”. The economic data at that time, was bleak…and getting bleaker. So, the shock therapy was applied without much push back. Fast forward six years and the economy is well beyond its once debilitating shock and is generally “back on track”…yet the policies of shock therapy are still being applied. There really is no legitimate economic reason to explain it. There must be other motivations.
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Thirdly, the primary motivation for Yellen’s inaction on rate policy appears to be that a reversal of The Fed’s strategy will be too painful [see definition of coward above] for the economy, and more importantly to Yellen, financial markets to endure [which also strongly argues against the strategy of easy money if you cannot normalize the policy without a significant shock to the economy/financial markets]. The rapid 13 month plunge in the federal funds rate [effectively ending at zero in December 2008] from 4.66% in October 2007 and continued for another 6 1/2 years is just too great a conundrum for The Fed to reverse without seriously disrupting the market’s dependency on this low interest rate drug. How ridiculous is that? A steep 13 month decline in the federal funds rate of 466 basis points ending at zero…and then 6+ years residing at zero…and Yellen is vacillating over a puny increase of just 25 basis points. This ought not to be as difficult [see definition of coward above] as she is portraying it to be.
So really…there is no exit strategy…there is only a continuation strategy…and The Fed’s cronies have always known this. Yellen can argue that The Fed is no longer adding to its $4.5T balance sheet but still…the balance sheet currently resides at a historically massive level…hardly a relaxation of stimulative policy. She is simply paralyzed with fear that the markets will violently react to a tightening of policy. An unsuccessful attempt to slowly “forward guide” the financial markets out of an unforgiving policy reversal would surely “tar and feather” her legacy…to her, it seems, a too dangerous [see definition of coward above] risk.
Said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities…“They’re a real bunch of scaredy cats. You can’t be totally hostage to markets.” LaVorgna is correct. The Fed is being held hostage to the financial markets but, ironically, is in no mood to escape its captors despite so many clear opportunities. The lack of action, by Yellen, can only be described as cowardly.
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here we go
she's a pussy
She has no balls
She needs to grow a pair
ect
And shes an actor and liar?
I cannot confirm she doesnt have a dick.
Ad hominem's on the menu.
RIPS
Like I say to my wife, "Stop Yellen!"
Fed policy is based on the show "Lost".
The writers are making it up as they go along and in the end we'll find everyone was dead from the beginning.
The "market" has responded positively to every action the FED has made. What makes you think that is going to stop?
Secondly the FED actors always use vague inconclusive language. It is imperative the average joes are kept in a state of uncertainty, lest the boat get tippy...
Honestly tho, who cares about this part of the charade?? It is meaningless.
Leaders are the problem, not the solution.
Followers are never the solution either.
I wouldn't call her a coward.
More of a Gutless Wonder.
Maybe she knows the truth- that any significant rise in interest rates or reduction in liquidity sends the whole house of cards crashing down (which it would).
Coward? Who knows.
Trapped, paralyzed, painted-in-a-corner, no escape route, no good options? Definitely.
Past a certain point in the game checkmate IS inevitable, no matter what moves you make. We are probably well past that point.
In poker we call this a "continuation bet" . It's a bluff -- but a big "C" bet will often win the pot....
This article is beyond stupid. The outer orbit of the seventh moon of Saturn stupid.
Janet Yellen is NOT a coward. This isnt her being afraid to try some tough love strategy to turn things around. This isnt the failure of good intentions. This isnt even academia being foiled by the real world.
This is an elitist appointed frontman, a talking head who ably conceals her handlers hidden movtives, this is economic false flags, her fed policy is a parlour trick and and its pronouncements are intentional obfuscation of its dark agenda.
''When it gets serious you lie'' -Euro JC Junker
''The last duty of a central banker is to tell the truth'' -American Fed head Arthur Burns
strannick... I agree, but even more it is likely that the unwieldy mountain of derivitive exposure by all the banks in the cabal is really untenable at this point and they know it and haven't got a clue how to get out from under it. They are seeing a whirlwind of black swans in the form of bond weaknesses soveriegn bankruptcy all pending an outcome they know they can't really deal with. So they are just back peddaling and treading water without a life preserver. This writer's obvious absurd oblivion to the real state of the world economy and the USA debt load is pathetic.
honestly, and i try to give people the best. i hope for everybody. i hope that our leaders and others are responsible, 'benevolent', upstanding, honest, (oh god, (sorry allah) that boyscout training is showing). i really want people in responsible positions to be honest. that is my hope and change.
but - she's just a silly little women that wanted to be the first woman at that job. her handlers tell her what to do. she really doesn't have any clue, except she can recite the buzz words ok for people that are watching that do not work in finance and have NO clue at all.
she is as much a hoax as obama. given to you by the same people.
Correct. She is a hoax and the Fed is not trapped.
The Fed was created by the Money Trust, when the pressure on politics rose to break up the Wall Street banks. Their brilliant smoke and mirrors solution was the Fed.
It is their bubble machine.
They do not only make money by pumping up bubbles. Also the popping of the bubble is necessary to turn the paper profits into real profits and to collect everything cheap again. And IMO currently everything is being set up once again and the Fed knows exactly what it has been doing and it is doing.
It's dangerous to believe these people would not know what they are doing. This is one of Marc Fabers big mistakes - and probably the reason why he is allowed on MSM: he unintentionally gives the Fed the cover of stupidity - but it's planned and not stupidity, but criminal energy.
Tried them both have you?
The Mrs. Doubtfire of finance only without the happy ending.
After a few beers, and if I squint my eyes a bit, I coudl swear Janet Yellen is John Denver. Think about it for moment -- Denver fakes his death as a stunt pilot, so he can have a sex change, and come back covertly as a Fed Chairperson-age! Didn't he have a song on the B-side of one of his records, with almost no airplay entitled " I am a puppet muppet double headed dildo created by the banking cartel who is going to fuck the entire middle class over"...maybe I have that song mixed up with another artist...nonetheless, you get my point.
In summary, she's a: Cock Juggling Thunder Cunt
Can I say cunt?
Betty White said something that may apply here. She said something like this : " I hate it when people say grow some balls - how about growing a vagina 'cause those things take a real pounding."
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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.
The policy is to keep stealing from savers via financial repression - to save the big banks! It is that simple - no matter the mumbo jumbo and the pretend learned economics and their flawed view of how the world works. They are not running monetary policy, but a scam!
As a Democrat, she obviously want the market to remain artificially pumped till after the 2016 election!
Listen to Joey Lasagna. However, the UST 10 year cannot go over 3%. Ever.
Pussies can really take a beating, a coward on the other hand is too afrain to stand it's ground and take a beating. There is nothing more despicable than a coward who refuses to face the music.
I don't know of any pussies that can take six years of stimulation.
Yellen is a figurehead
Stanley Fischer [former head of the bank of Israel] is in charge of policy
They don't want to rub that in the Ameritards faces.
Yellen is a moai.
Chambawamba has looked into this and he is going to give an update here soon.
I am not Chumbawamba .
Yeah, but he's a GREEDY little coward...
I get the Daffy Duck reference
https://www.youtube.com/watch?v=-71uqV0LHag
Nice!
Not a coward! She niavely believes she has the ability & power to control the economy.
She has the ability to eat you for crossing her bridge.
Sorta like this?
https://m.youtube.com/watch?v=hMx7OP7yiHA
lot of smart people who read the right things, know the right things and are smart enough to understand but who don’t want to accept the fact that the financial situation of the west will not only take revenge on the financial markets but also their own ass.
so there’s actual,y a possibility that she simply can’t grasp it even if she knows all the details.
WHy? Because they think it will affect everybody besides themselves as long as they have a job.
And people like optimists more then pessimists, that’s why I don’t even try to inform anybody anymore.
I may hint about it... but if the person doesn’t show signs that he understands it and doesn’t need to undergo his faith, I simply agree with them and move along.
So says the dude flailing his arms in Belgium...
Sure, whatever dude...
as anyone who's traded the markets will know, once you have a vested interst in a certain market direction, you find it impossible to see any other outcome..... and once in this situation you either get lucky or generally you lose your pants....
if this can happen to a guy with $10K in a forex account, it can most certainly happen to someone with a $4 trillion dollar central bank to run.....
the ship is on full throttle with no one at the controls....
Greece is the canary in the coal mine, stuck in an endless cycle of musical chairs with less and less chairs.... all the other debt nations are dancing the same dance.... but they still have a chair for the time being.
Another Jewess Cunt controlled by the Jew KIKE roach Stanley Fischer former director of the Bank of Israel.
Get KIKES out of banking.
I am intrigued by your ideas and would like to subscribe to your newsletter.
Thank you.
My newsletter is called ''Reopen Auschwitz'
That seems to be a popular title these days. I can't imagine why.
Where do a send my resume for the guard position at the camp and do I get to keep all of the gold that I find ?
Aw c'mon,... this is like kicking a puppy. Granma is simply the kindly looking old lady out in the front office saying what she is told to say by the kleptocrats in the back room.
Pretty clever front , too, IMHO.
my thoughts exaclty, much like having a "person of color" in the WH. Fucking irrelevant.
Now put a nigga in charge of the money, then I will be impressed...
Or sit a goy in the Federal Reserve Chair for that matter.
Federal Reserve Chair = throne of satan
Most memorable image of the Bernank was the lip quiver and scared look in his eyes. With Yellin, it's a stupid expression that looks like she loves being the center of attention - yes, she has a secret cookie recipe.
Come to the dark side. We have cookies. And puppies.
"If The Fed’s strategy to stimulate the economy is so effective [by her account] then why has the economy not reached “escape velocity” after six years of turbo charged stimulation? And then, why does the current interest rate environment not reflect that improvement?
Simple:
It's one huge Global Ponzi Scheme based on Fiat Fraud, espionage enforced by violence.
Fucking retards! Our economies are now fucked due to the CB's - no room left for manouver - YOU SHOULD OF TOOK THE PAIN IN 2007!!!
With the coming collapse even hookers are going to have to resort to mugging and cannibalism to survive...
So I shouldn't ask for a BJ ?
I'm sorry, ... Did anyone actually think that interest rates would go up???
I mean, come ON! Every CB on the planet is pushing rates down and
You Think the FEDs will go in the other direction???
How??? The gov't policy of the last 30+ years has been
to protect the DOW30 companies at all cost. THAT hasb't
changed, and y'all have been documenting how these clowns
have done everything from fleece grannies to Main St. , to
any available sacrficial lamb they can find. THATS THE
ONLY POLICY THAT COUNTS... PERIOD!
Look at "official" US gov't reports that show oil consumption
well above oil production for the last year... while oil prices fall...
Thats whats called using the ever so successful strategy on oil
that was used on gold... right... naked shorts! Only in the FEDs
world, oil IS gold, so they have just suckered the world into
believing the US$ should go up.
I'd call an apparent "strong US$" just another tactic to CYA
themselves.
George Washington, Thomas Jefferson and Ben Franklin warned about Jews and private central banks.
Jews will destroy the USA.
Poor, poor little you
I pity people like you with one brain cell.
Keep guzzling that KIKE KUM and see what it does to your brain cell. Thats why the Goyim United States is now a nation of retards who love getting buttfucked.
Doesn't have anything to do with the economy. Who of the FED's pals would get "hurt" as in not being able to rape and pillage if they did increase rates? Now you have the answer you seek. But, yes I'll give you she is a coward. They all are.
please, when you have a printer, you can be and buy whatever the fuck you want...
that's the fucking problem...
See no evil, hear no evil, speak no evil.
http://s24.postimg.org/coc2tbffp/yellen.jpg
I was thinking of a "c" word, but it wasn't "coward"...
Lunch lady Janet is fattening her lambs.
Yellen is to Stanley Fischer as Obomber is to Netanyahu.
Difference between Obomber and Bush the Chimp is you can't see his strings move.
Stanley Fischer a goddam KIKEROACH who isn't even American but a ZioNazi bastard in charge of the FED.
And the Goyim keep swallowing the Kool Aid.
She can't raise rates in any meaningful way until the national debt is addressed. When you have $18 trillion and counting of nominal debt (with actual debt an order of magnitude higher), raising rates will bust the US budget even bustier than it is now. Since the deficit will never be addressed, the debt will surely never be addressed, so rates simply can't rise.....ever.
+100 All ye know and all ye need to know.
The USA is owned and controlled lock, stock and barrel by the Israelis and the Israeli lobby -- Dr. Paul Craig Roberts.
#FUCKYOUYELLEN
Militant lesbians, incompetent and stupid minorities, mediocre and birdbrain white women are the source that staff Obama's advisory pool.
to be fair, thats the way its been for all USA presidents since JFK. Total retards. or evil NeoCons.
Welcome to the gynocracy that is America
Arrest her. Send her to Somalia with the rest of the criminals.
I need a new lampshade and a nice bar of soap.
Just 0% until an economic liftoff and QE4, QE5.... QE20.
On life support until everyone realizes printing and devaluation.
Does the author of this article not know that the big banks ARE the Fed? They literally own the Fed. So, expecting the Fed to go off and do something that will kill them is like being one of the townspeople watching Cleavon Little take himself hostage in Blazing Saddles and worrying that he'll shoot himself.
This is not fair, she, as are we all, is trapped in a world she never made. If she had any sense - or cowardice - she would never have taken the job. She's standing on an icy flagpole in a howling wind. Do we really want to say that if she were really brave she'd take a swan dive off?
And her current policy is NOT that of Bernanke in 2008, QE is off but meddling with securities is on, and she now has to deal with NIRP in Europe, not to mention oil and Ukraine and runaway llamas.
Want to see a Jew run like a scared rabbit?
Ask them these 2 questions ''Why was there a Holocaust''? and Why are Jews so hated throughout history?
Oh, and yes I am a proud anti-semite./ So What???
Why are the Jews hated? Simple. When the sheeple noticed they were being systematically cheated out of the fruits of their labour, as they occasionally did, the banksters needed someone whom they could blame it on, who wasn't in a position to fight back, and whose elimination would remove competition for genteel work in the professions from their own sons.
Why was there a Holocaust? The banksters made two mistakes:
1. They appointed to power in Germany an ignorant Austrian hick who actually took all the shit the banksters had made up about Jews running the world seriously.
2. They fell over themselves selling Hitler all the military toys he wanted, without a second thought for the fate of German Jews. Only when the Nazis marched into one financial capital (Paris) and a second was under continual German attack (London) did the banksters finally decide Hitler had to be stopped---and by then it was almost too late.
In the end the Soviet Union had to save the banksters' skins, and even the Red Army couldn't manage to liberate Europe before most of eastern Europe's Jews had been murdered.
The Ponzi Munchkin has only one objective. Keep the house of cards intact until The One is out of office.
It doesn't matter. AIPAC and the ZioNazis that control US media and even the voting machines will make sure the 2 candidates running next time are ALL pro Israel. You can take that to ANY bank.
US President are ALL puppets and if they get out of line they get the JFK treatment.
Too bad most Americans STILL haven't figured it out.
“Janet Yellen is a coward.”
She’s a woman… what else should we expect?
To properly serve in a position of responsibility requires a type of warrior mentality combined with a strong dedication to reason and justice. Generally, men are warriors; women are not.
But there’s more, to serve as head of the Federal Reserve requires a person of dim wit; for, with just a little intelligence, it’s easy to see that the FR is an engine of destruction; and, no honest person would sit in such a position.
Thats why its always a Zionist Jew that heads the FED.
Psychopathic liars, thieves and Amoral assholes. Its in their DNA.
Not always but recently.
Two crazy mofos right here. ZH, how do you not ban these asswipes?
Who knows? Probably because courtesy, reason and justice are the instruments by which men build a civilized society; insults, lies, plunder and, ultimately, genocide are instruments by which demonically deranged destroy societies.
“devo” tell your handlers at Mossad they need to send someone with a reasonable amount of brains against me.
Coward? Maybe to those who think she is, but to the masses she's the quaint librarian grandmother who couldn't hurt a flea. Underneath the Lambs coat is a savy, ruthless, conniving, vile vampiress whore who follows her Zionist script, and plays her role as well as Meryl Streep in "In the Woods".
It will put the lotion on....
It will do as it's told.
A 25 basis point hike in the target for the Fed Funds rate would signal a new trend (up) in interest rates and that is what Chairman Yellen & Co. are so scared of. A 25 basis point might seem an insignificant move numerically but it would be comparable to someone screaming "FIRE" in a fully occupied movie theater. The Fed and all the other major central banks are trapped.
All the dudes who invested in bunkers and gold better hope she keeps printing.
Yellen is a genius. The Fed has successfully gotten its clients out of danger and tricked ordinary people into believing in the future. Now that the public is left holding the bag, she can let the makets collapse - and then once the collapse is collapse-y enough, she'll get to come back in with the next "QE"
Yes, it is diabolical and unfair and will further destroy what's left of the middle class - but from Gov-Co's perspective, its a win win win win win.
Well played, Janet !
VelvetHog, I'll come to that party, but you've gotta throw in some cats, too. I am a catwoman.
No, she is stupid.
I have found out through a friend who knows her brother well, that her brother is as dumb as dirt, despite having a prestigious academic position.
She really is a self-pleased moron who is enjoying the attention; she may not even know that she is a puppet whose role is to save the banks by destroying the American middle class.
Her stupid fucking hairdoo and her misshapen bowling ball head were enough to make me hate her, even without digging any deeper into her transgressions against humanity.
That other stuff is just icing on the cake for me.
Smokin' cigarettes and watchin' Captain Kangaroo
Now don't tell me, "I've nothing to do"
https://www.youtube.com/watch?v=Bg1di8sGxWc
http://upload.wikimedia.org/wikipedia/commons/0/02/Bob_Keeshan_Captain_K...
Is it just me, or does Janet Yellen have some sort of Hot Librarian look going on in this article? For a second there, I think I was starting to get some serious wood. That's a disturbing thought. Excuse me..I think I just threw up in my mouth.
Yellin manifests the stupidity of credentials to anoint leaders. Her credentials are a worthless degree, a grandmotherly look, a woman, a banker's hack, member of the chosen, and a promise to follow the mistakes of her predecessors.
Lord Acton: "The greatest heresy is that the office sanctifies the holder thereof."
The greatest stupidities of the sheeple are trust in government, bankers, judges and their ilk.
Yellen is the manifestation of the fatal error of trust in government.
mother should I trust the government..........
https://www.youtube.com/watch?v=lX3uCuFKlqw
http://upload.wikimedia.org/wikipedia/commons/0/02/Bob_Keeshan_Captain_K...
yes, when you grow up your new mommy is the government.
Memo to globalist scum - if you think what you are doing won't affect your friends and family you're in for a big surprise.
On the other hand, maybe Janet is like Obama, Samantha Powers, Jen Psaki, or Mary Jo White - maybe they are just figureheads put in front of the crowd to spout platitudes and keep the unruly from getting too vocal or rambunctious. Maybe the worst crime of each is that of being an actor with a bad role in a bad script.
I have to wonder, also, whether the appearance of women in leading roles in the Fed, IMF, SEC, or as Prime Minister of Australia is a recognition of the worth of women in leading roles or a set-up by the old boys' club to put a woman in to take the fall when the situation is SHTF.
yellen is not a coward...she is a woman...and no different from the women who have run the Fed since Volcker..
women try to heal and suffer the events they are faced with...they do not seek to change the status quo..just make it more palatable...
men change the fabric of society..its in their dna...
these days, to even suggest that the meek WON'T inherit the earth and that men have a place to force right from wrong is the worst kind of political incorrectness
because after all...most men act like women
just saying
:)
Coward is right. But she inherited Bernacke's mess. So she, rather than Ben, will get blamed.
We've had two very cowardly Presidents - make that presidents
a draft dodger, torturer and compulsive liar
and a chickenhawk "I don't want to end up like Martin"
So what did the blind man say when he passed the fishmarket?
Mornin' Ms Yellen, top o the mornin to ya
Janet Yellin is a cunt..........there, I fixed it for you.
You put a carpet-muncher in charge? What do you expect?
witless nitwit
Yellen is a bigger cunt that Clinton