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Open Letter To Janet Yellen
Written by a Zero Hedge reader, and a concerned citizen
Dear Chairman,
I would like one member of the FOMC to take the time to tell the American public the truth about the last seven years and monetary policy.
That the sole aim was once again to bail out the insolvent institutions that continue to exist today, mainly Bank of America and Citigroup, all-the-while understanding that under the guise of QE, the Fed would directly/indirectly purchase the equities of these institutions to present this ongoing façade at the expense of the American people.
That monetary policy assisted directly in the destruction of the middle class and the wealth divide that has grown wider at any time in recent history.
That capitalism has been destroyed along with our capital markets directly due to monetary policy, no fundamental price discovery exists in regard to any asset class, and this, from the beginning was the motive. A motive which would/did allow these same insolvent institutions the ability to re-package and sell toxic garbage to yield starved investors due solely to the Central Banks around the world.
That you completely understood when implementing the policies, that these losses would be borne eventually, but disregarded this fact to allow the institutions to deleverage. That Central Banks were cognizant of the executive bonus pool at these same institutions and as regulator, continued to bless the opaque, black box accounting practiced by all to justify the said bonus pool. Once again at taxpayer and investor expense.
That you have been out of policy tools for some time, had no intention, and continue to have no intention of raising rates, but have been backed into a corner where the only tool left is rhetoric. Rhetoric which is only possible due to the current flood of liquidity which the banks must have continue or we will indeed find out immediately, who in fact, is still insolvent (see above). I would even go as far to suggest that if you aimed only in the short-term to attempt to move the credibility scale and did raise short-term rates, the curve would flatten further working towards inversion, further damaging the insolvent institutions you represent.
That you and your associates completely understood the damage you were doing to 80% of the American population and chose to ignore this fact due to the conflict of interest that exists in representation.
That you understood from the beginning that the stress tests were for propaganda purposes only and bared no basis in fact given a repeat of the 2008 crisis.
I believe that this would represent a start, coupled with sending independent forensic auditor teams into every systemically important institution to allow the taxpayer to see exactly what they have been/continue to support, and what the true state of each of these institutions actually is. The façade needs to end to begin to rebuild trust, the damage has been done, and the longer this current situation is allowed to continue, the longer the road to recovery.
A concerned citizen.
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Not a bad start.
something tells me that she is not going to get this letter; I suspect she avoids ZH like I avoid facebook. (now, if you were to sneak it into HuffPo, or Salon or Politico...)
That's askin' a little much, no?
Janet's a puppet - really - of the financial-political complex.
It's all Kabuki Theater.
They literally probably promoted her to "Fed Head" now because she is a tiny, old woman with grandmother looks and a Jewish Mother chicken soup voice."
http://www.nomiprins.com/thoughts/2015/3/14/the-volatility-quantitative-...
"We are entering the seventh year of US initiated zero-interest-rate policy. Biblically, Joseph only gathered wheat for seven years before seven years of famine. Quantitative easing, or central bank bond buying from banks and the governments that sustain them, has enjoyed its longest period of existence ever. If these policies were about fortifying economic conditions from the ground up, fostering equality as a force for future stability, they would have worked by now. We would have moved on from them sooner.
But they aren’t. Never were. Never will be. They were designed to aid big banks and capital markets, to provide cover to feeble leadership. They are policies of capital creation, dispersion and global reallocation. The markets have acted accordingly.
What began with the US Federal Reserve became a global phenomenon of subsidizing the financial system and its largest players. Most real people - that don’t run hedge funds or big banks or leverage other peoples’ money in esoteric derivatives trades - have their own meager fortunes at risk. They don’t have the power of ECB head, Mario Draghi to issue the 'buy' order from atop the ECB mountain. Nor do they reap the benefits.
Retail sales are down because people have no extra money and can’t take on excess debt through credit cards forever. They aren’t governments or central banks that can print when they want to, or big private banks that can summon such assistance at will.
Federal Reserve Chair, Janet Yellen recently chastised these bankers. This, while the Fed has become their largest client and the world’s biggest hedge fund. While she wags her finger, the Fed is paying JPM Chase to manage the $1.7 trillion portfolio of mortgage related assets that it purchased from the largest banks. In other words, somewhere along the line, the public is both paying to buy nefarious assets from the big banks at full value, thereby supporting an artificially higher price and demand for these and similar assets, and paying the nation’s largest bank for managing them on behalf of the Fed. Yellen says things like “poor values may undermine bank safety” and all of a sudden she’s on an anti-bank rampage? What about the fact that just six banks control 97% of all trading assets in the US banking system and 95% of derivatives? Or that 30 banks control 40% of lending and 52% of assets worldwide?"
Of course they're gonna lie.......THEY DID IT. Admit the truth and the torches and pitchforks follow.........
Dear Concerned Citizen, et al...
Stay Calm...and Fuck Off...
~ Love,
Janet
She’s too busy embracing her inner Louis XVI to pay attention to the peasantry.
Bernanke's Sovereign Deception
https://www.youtube.com/watch?v=RmPUKy-3OfY
Analyzes how Bernanke deliberately and directly lied to Congress.
Congress can literally repeal the Federal Reserve Act, thus destroying the Fed, if it chose to do so.
It won't because it's comprised primarily of bought-and-paid for whores of the bankster complex.
The banking interests keep politicians and their sons/daughters very happy.
Shift+delete.
next...
Just wait a fucking minute here. You mean to tell me that all those liberals telling me that Obama has ushered in a new era of economic prosperity LIED TO ME!?
They wouldn't do that would they?!
You've been lying to yourself to brother. Them assholes are anything but liberal... Doubt most politicians even know the meaning of that word.
Followed by a gurgling chuckle, something between a fat toad and Jabba the Hut.
Hmmm, why just Citi and BOFA? Chase?, GS, Wells Fargo (Hell, Warren Buffett), AIG?
There is power in pointing out that the entire TBTF Banking Industry were recipients of the largess.
The Garden Gnome needs to admit that the US is more than just banks
What joke this letter is!! You're asking a zombie to act like a human being. Not gunna happen....
Dear Mr. Yellen,
Please fuck off.
Thank you.
Sincerely
The Human species.
Unfortunately, I agree.
This letter is like asking a sociopath or a child molester to reform herself out of the goodness of her own heart, or something.
Exactly. America is as dead as its organizing ideal. Or what TPTB passed off as the ideal. As but one example, the author of the Declaration of Independence never freed his slaves, being a slave himself to the institution. (And I say this as a graduate of the university he founded.)
The Constitution? The Hamiltonian centralizers (the misnamed "Federalists") won hands down, so no surprise they finally got — and managed to perpetuate — the central bank they lusted after from the start.
Bottom line: There will be no reform, only the perpetuation and proliferation of lies until WWIII is TPTB's only option. Their latest "Final Solution."
Good luck.
"'Cause it's the New Andrew Jackson takin' over"
No sugar tonight.
I quit voting this past November simply because every politician is getting a pass on this raping facade. Yellen is only a Lieutenant following orders and we should be represented by a bunch of elected citizens that have been nothing but absent fucktards. The best part of every one of them ran down their daddies' legs at conception, pure unadulterated, worthless wastes of skin. I despise pigface, whining Boehner and that goofy piece of Kentucky refuse, Mickey McMouse.
The weasels are allowing total carnage of the American people, fuck it, I give up.
She knows , the sheeple don't
That'll be the day.......when I die!!
.
We should cut and paste it into every blog on the net.
Dear concerned citizen.
The FOMC will continue to follow the economic data and will make the best decions based on our excellent forcasting models to continue to keep our economy strong. We have been and will continue to be impartial and act accordingly. ps go fuck yourself.
Patiently;) yours,
Janet Yellen
Dear concerned citizen.
Due to our deep concern for You The People (which runs much deeper than our concern for the banks who own us), We The Fed hear you and must obey. Reading your letter, I can see that what you really want is not complex explanations pointing fingers and hashing over the past, which would be over your head anyway, but real action from us. Apparently you are tired of markets rising at my words.
I will therefore announce a Surprise Rate Hike of 0.25% at FOMC in June. Being a responsible Fed Chair, I will make clear that this rate hike is only on a trial basis, due solely to the strength of the US recovery as shown by the mighty dollar, but that I stand ready to intervene further every time You The People beg for this.
Following this, your beloved markets should first throw a taper tantrum, then swoon, then plummet, then enjoy a July dead cat bounce followed by a further screaming ride down which should take us through to FOMC September. At that point I expect a second letter from you, concerned citizen, begging me on behalf of You The People to ride to the rescue of these complex markets that are threatening every fixed-income account on the continent. Maybe you'll even send me a little cartoon of me pushing granny off a cliff.
Since I care deeply about your pensions and 401(k) or RRSP retirement plans, I shall then implement QE4 immediately, and this time in a large enough amount that even Paul Krugman will shut up and shop.
And if that plan don't work, well, you demanded action and I delivered, so you have only yourselves to blame.
Kisses 'n cookies,
Yellerkins
(PS: Never, never say I don't care. It hurts me deeply when you publish shit like that. Seriously, telling me off feels a lot like you're mouthing off at your dear old gramma, don't it? Thank you for minding your language.)
excellent!
forward this letter to your congressmen and women.
http://www.politico.com/story/2015/03/the-coming-crackdown-on-federal-re...
you bet!! I'll get right on that......hehehehhe....... congressmen and women ...I think you're referring to the criminals now occupying the legislative branch
so - you just give up, not try?
Politico Comes Out as Left-Wing Site
http://www.breitbart.com/big-journalism/2012/06/27/politico-front-page-a...
You're looking for answers from the same people that created the problem.
Grow up. There's no hope in politics.
Dear Janet:
My dream is to be the basketieer that catches you head, right along with all the other central bankers from 1970 until now.
If it pleases your holiness, I'll even pull the fucking rope.
It's time for you and yours to die.
Call me, america, when you really need an executioner.
I'll do the job and then fade into obscurity. Cleaning this shit up isnt gong to bring us any new heros. We shouldn't have allowed this to happen in the first place.
Good luck
Yellen Response:
Fuck You Subhuman Donkey Slave.
Take a bow CD...
~~~TM EDITED VERSION WITH SIMULATED FED RESPONSES~~~
Dear Dutch Boy haircut, Matzo dough slappin', Jabba the Hut lookin', Money Print-a-sauras #3 in the post Bretton Woods era...
I would like one member of the FOMC to take the time to tell the American public the truth about the last seven years and monetary policy...
[Nah ~ nevermind ~ I can already hear the laughter from here]...
That the sole aim was once again to bail out the insolvent institutions that continue to exist today, mainly Bank of America and Citigroup, all-the-while understanding that under the guise of QE, the Fed would directly/indirectly purchase the equities of these institutions to present this ongoing façade at the expense of the American people.
[1st conundrum... "Ooh,,, he forgot to mention Goldman Sachs ~ Perhaps this 'concerned citizen' is actually a confused 'crypto' sychyophant... Let's string him along until the blame can be placed on the 'Luciferians' & Trekkies lists and not figure out our TRUE identities]...
That monetary policy assisted directly in the destruction of the middle class and the wealth divide that has grown wider at any time in recent history.
That capitalism has been destroyed along with our capital markets directly due to monetary policy, no fundamental price discovery exists in regard to any asset class, and this, from the beginning was the motive. A motive which would/did allow these same insolvent institutions the ability to re-package and sell toxic garbage to yield starved investors due solely to the Central Banks around the world.
Yeah... That was the whole point... Take your complaints to Kuhn, Loeb, Warburg & Rothschilds... Yeah ~ that's right... Nobody has ever heard of them...
That you completely understood when implementing the policies, that these losses would be borne eventually, but disregarded this fact to allow the institutions to deleverage. That Central Banks were cognizant of the executive bonus pool at these same institutions and as regulator, continued to bless the opaque, black box accounting practiced by all to justify the said bonus pool. Once again at taxpayer and investor expense.
The joke's on you... Have you no sense of humor?
That you have been out of policy tools for some time, had no intention, and continue to have no intention of raising rates, but have been backed into a corner where the only tool left is rhetoric. Rhetoric which is only possible due to the current flood of liquidity which the banks must have continue or we will indeed find out immediately, who in fact, is still insolvent (see above). I would even go as far to suggest that if you aimed only in the short-term to attempt to move the credibility scale and did raise short-term rates, the curve would flatten further working towards inversion, further damaging the insolvent institutions you represent.
What part of QE18 don't you understand?
That you and your associates completely understood the damage you were doing to 80% of the American population and chose to ignore this fact due to the conflict of interest that exists in representation.
It's 'allowed' by the God of our scriptures... After all... We're CHOSEN... [I can prove it because one of our scribes wrote it down many thousands of years ago & the words were saved by interested parties]... Bully 4 us...
That you understood from the beginning that the stress tests were for propaganda purposes only and bared no basis in fact given a repeat of the 2008 crisis.
I believe that this would represent a start, coupled with sending independent forensic auditor teams into every systemically important institution to allow the taxpayer to see exactly what they have been/continue to support, and what the true state of each of these institutions actually is. The façade needs to end to begin to rebuild trust, the damage has been done, and the longer this current situation is allowed to continue, the longer the road to recovery.
Recovery?... Our TRIBE is qualified in DESTRUCTION...
A concerned citizen.
Dipshit GOY
Bravo TM
But
A letter to Granpa Janet co-written by longsoupline, Inthemix and francis_sawyer is the one I'd like to read......
Inthemix would be the guy.
Cunt this cunt that.
Yeah but... Does Yellen actually have an axe wound?
'AXE WOUND' is going back a 'LOOOONG WAY' in the ZH annals... [Long time ZH'ers need to represent & chime in here...
I'm sorry that I can't even give proper CREDIT for the author... If I remember, it was a comment about 'Bachmann' & received about a billion green arrows for the hilarity quotient...
this one?
''After GDP and your mother is taken care of, the next round of investments can be made and the next guy gets sloppy seconds on your mother's gaping axe wound. Once the board is strapped to his ass of course, your mother's twat isn't called Cunt Canyon for nothing.''
http://www.zerohedge.com/news/ism-print-through-eyes-trading-algo#commen...
Remember the times?... As recent as 2012... [when FIGHT CLUB actually meant something]...
See..there is the C word. You may have swayed this juror.
that sounds like something slewie the pi rat might say ;-)
indeed
Longsoupline
''Fuck you Bernanke, Congress, Obama and all fucking banks, regulators and shill MSM fucktards. All of you fucking jump head first int o a fucking vat of hot fucking shit and razorblades. Fucking ass licking fucks.''
http://www.zerohedge.com/news/2013-01-30/ken-aint-different-rogoff-crush...
LMAO ~ Peeps often forget how fucking FUNNY this place can be...
I swear... It's the COMEDY that keeps me coming back... In reality ~ I could give a FF about cheesepopes...
Needs more cunt.
That's my fault... I admit it...
I laughed at MIFFED MICROBIOLOGY a few weeks ago because she apparently:
1. Had no idea that her hubby might have ANY porn WHATSOEVER cached in his computer... Kissing bandit that he is...
2. Would not even fathom the idea to find out
3. Came to the conclusion that he was thus, EXHONORATED, thereof, & that further study in the matter would only result in disproving 'kissing orgasm' theories vs. 'swirlie' theories...
It was CLEARLY my bad...
I'm not known for speaking THE TRUTH [or anything like that]... & hell, even if I was ever accused of speaking the truth, my comments might end up just getting DELETED [like on the Der Spiegel thread today]...
It's better to not say things like that.
Even if it's true, you might come across as intolerant. And that is really bad, not worth the risk.
at "what part of QE18 don't you understand", i spit coffee all over my keyboard.
thanks. need yet another keyboard.
The response will be the same as Janet Napolitano's hot mike comment:
“Let’s just break. Let’s go, let’s go. We don’t have to listen to this crap.”
http://olduvai.ca
The letter is BULLSHIT.
The author is pretending that a snake could be an eagle. It cannot. THe fed, their proxies, and the paid off regulatory agencies should be indicted and tried for treason.
We bandy about words that have no meaning- Home ownership, Democracy, Republic, Freedom. I would argue that home ownership is a lie, democracy is a fantasy, our republic is dead and that freedom is a flag waving contest on the 4th of July.
My solution is quite simple. Return to our Constitution, return honest money and decentralize power before it destroys us all.
I agree this letter is bullshit. I read it a number of times and not one "fuck you", "hope you all burn in hell" and not a single "you evil cunt". So much typed space wasted.
It was for the children, just not yours
Oh, thats going to work...NOT.. Its a shame how many Americans truly want to do something productive but know the only thing productive at this point would involve physical action. To be able to muster a million people to march on D.C. and N.Y. Demanding the resignation of EVERYONE is a start, not there yet..maybe soon.
Krugman response:
Republicans suck
http://beforeitsnews.com/blogging-citizen-journalism/2015/03/obama-autho...
Only fools and tools believe Obama can authorize anything more than which golf cart he wants to use today.
Dear concerned citizen. You have to have more patience....Oh shit, those damn algos!
that's racist plain and simple
The Average Barter exchange owner in the U.S. (and there are hundreds) have issued themselves more than a million dollars in Trade dollars for their own personal use. A trade dollar, per the I.R.S. is equal to a U.S. dollar.
The FED is the same. When you can print money without any accountability at ALL...this shit happens. Its called having a blank check.
Dont you get it? What once was called American Capitalism has paased on. It died becuase it outlived it's usefullness in a world of increasing complexity. It died after chopping down trees, trapping beaver and digging holes in the ground for minerals were no longer viable business models. Yes the world is a complex place and there no longer was a place for the old antiquated ways.
The present system will live on indefinitely because it is the will of the overwhelming majority in the world that it be so. Maybe not Bin Laden. Maybe not the malcontented westerners who failed to succeed in the current system. But it works for most.
Is that why everyone is so happy and there are no riots or protests or bankrupt countries anywhere?
What you are really describing is the difference between a Republic and a Democracy. Democracys do not last. They are overtaken by other 'Democracys".
Your idea is not new. "Old antiquated ways" is usualy a term used by individuals that don't respect notrunderstand western culture and values.
"Malcontented Westerners" ... they can kill you 'bro. And they probably will.
<<Democracys do not last. They are overtaken by other 'Democracys".>>
I think democracy is a doomed system of government, for 2 reasons:
1) If an elected leader wants a mandate for an unpopular policy, then it becomes necessary to encourage the immigration of enough ignorant, violent, and unproductive voters that the existing culture is overwhelmed and a new mandate can be 'voted in'. This can also be achieved by redrawing the voting district.
2) Since every leader sits in an ejection seat subject to short-term results between elections, long-term strategies that take years or decades to implement become impossible. Voters' outlook - especially those 'voters' who are transient, ignorant, criminal, etc. - tend to focus only on the short term. Therefore, realistic objectives and planning by democratic leaders have a maximum window of one election cycle.
For these two reasons, it seems to me that in any 'democracy' the REAL leaders - those who are long-term strategists and implement difficult decisions - must necessarily remain in secrecy (to preserve the 'mandate' fiction), moving the levers of strategy behind the scenes.
END THE FED
Hitler and his henchman. All hail the chairsatan.
That cunt is dumber than a box of rocks. She takes her orders from the BIS.
"I would like one member of the FOMC to take the time to tell the American public the truth about the last seven years and monetary policy. "
Yellen may or may not respond, so I will:
"The last seven, and hundred plus, years have all been about theft, lies and cover for that theft, and the use of our, Zion's, violence-puppets, governmnet, against those that complain. More and worse to come. Zion Uber Alles."
Was I close?! What did I win?!
The banksters need to repay us.
Guillotine the Fed. Audit the heads.
Seven years? Why not the last 102 years?
Absofuckinglutly!!!!!!!!!!!!!!!!!!!!! They have destroyed the nation exactly as those against it in the beginning warned.
It has been the direct cause of all the wars, economic busts and all around misery.
ETF!!!!
The zionist criminal boot coming to step on my face doesn't mesh well with the trust and recovery thing.
Yeah, if the recovery was as good as claimed why...
Meh, forget it.
This is the war everyone has been dreaming about...
fed reserve and QE are working exactly as designed. we should all be thankful to wodrow wilson and all his predecessors. Brilliant 100 years old system.
You can fool ALL of the people... ALL of the time... over and over again.
The Federal Reserve system and income tax were implemented in 1913. Americans weren't being vigilant then (or before that, or since then) and allowed it to happen. The fact that this amendment has been allowed to continue on to this day boggles the mind.
As citizens of this country we are all paying dearly (as will our future generations) for living our lives in the manner of "the lights are on but nobody is home".
Get rid of the damn thing. It is NOT needed for the economy to function. It is used only by the uber class to rob from the plebs and by the government to finance it's war machine.
General Mattis,
Please use your stature to expose this immediately.
"Stop whoring for Wall Street"
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
3 questions,
Who are the Fed, who do they serve, and who loses?
"3 questions, Who are the Fed, who do they serve, and who loses?"
Before this is over they'll be sending you to Rahm Emanuel's Chicago torture center for asking questions like that.
"Who are the Fed, who do they serve, and who loses?"
1. An institution created to centralize power and wealth in the hands of a few Lucifierain/Satanic Oligrach.
2. Those same Oligarchs.
3. All of us "inferior humans" as they everntually plan to use their power to eliminate 95% of us.
If only everyone really knew what was happening, there might be hope to stop them.
Answer - recovery around the corner...
She's a dual citizen.
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax Interest expense (tax on the money)
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Sales Taxes
Recreational Vehicle Tax
Road Toll Booth Taxes
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer registration tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax
Excellent post.
They get us coming and going. If a car is sold 4 times taxes are collected, licensing, registration is paid OVER and OVER and OVER. We are taxed to death to pay for the interest on money created by a PRIVATE CENTRAL BANK. It is a fucking racket.
And then the PARASITES devise ways to collect. You can't have your car tags if you don't pay those boat taxes slave!!!! We'll sell your house !!! You will too pay your taxes!!! I need my fuckin pension!
Not one of those taxes existed before the Federal Reserve.
Could be coincidence, but any correlation between the downfall of society about the same time that women were allowed to vote? A woman is in charge of the fed, and everything is going to shit. Yes I'm being racist against women. Like every other man in the history of the fucking world before the year 2000. And don't take me for beating them, or treating them bad, like we're all led to believe over a comment like I just made. I'm just a man. One of the very few that are left on this earth.
Woman are a race apart? Who know. Sexist maybe, but please get to grips and understand the true meaning of racism. The clue is in the word, "Race"
Meant sexist. You're right. So used to automatically being racist, simply because I'm white.
Perhaps you are "racist", not just because you are white but, because you are actually racist.
Perhaps you are an idiot, not just because you are white, but because you are actually an idiot.
"Racist" is now nothing but a thought-stopping slogan word, to mark the latest speech taboo. Much like "witch" or "commie" in bygone days, it is a simplistic, faux-moral label whose meaning has been subverted by an authoritarian establishment. Its purpose is to shame into silence. Fortunately, like all thought-stoppers, it has a limited shelf life.
True enough.
To be called an idiot by a "clown on acid" probably says a great deal more about the clown on acid than it says about me.
You are obviously too stupid toi be talikng to me. STFU.
Hey Clown.
Your fly is open.
HA! You really did check didn't you? Don't tell me you didn't, I KNOW you did.
I get your point, but you mean sexist and not racist.
Sorry to burst your bubble but a woman has been in charge of the Fed for only a very short time and "everything" has been "going to shit" since long before she came to power while men such as Ben Bernanke and Alan Greenspan were in charge. In fact, it could easily be argued that, since coming to power, Yellen has only followed the pathway established by her male predecessors.
True, I realize that. But I was going for more in general. I talk to my Mom or my Aunt, and thier mentality is it's so 'awesome' that some immigrant can come here and have such a better life. I ask them if they don't mind paying for thier 'better life', and they look at me like I'm stupid. No clue whatsoever. I love them to death, but thier vote counts the same as mine. If you believe our vote counts for anything.
But just saying, the time women could vote, divorce went to 50%, gays can marry, regulations are at ALL TIME HIGHS.... if I own a black truck.....
Yeah, ever notice that since women got to vote in this country, we had the depression, Hitler came to power, Kennedy was assassinated, 3 out of 4 of the Beatles are dead, and my Chevy pickup got T-boned and totalled out last year!! PROOF positive that women should never have been allowed to vote! I'm with you pal.
Oh, and BTW, no, I don't vote and I haven't voted in many years because no, it doesn't make a damned bit of difference which party is in power or which clown is in the white house. Voting is sort of like your dog dry humping your leg - a pointless exercise in futility that isn't even satisfying for the dog.
Please try to not judge all women by the intellectual capacity of your mother or your aunt. It's really unfair to women.
Dear Janet, when you are away from your luciferian practice, please read.
-all of humanity
It's a runaway train and NO ONE can get off. There isn't a country left on the planet where one can run and hide (and have some semblance of liberty, freedom and personal property). We'll just have to wait until the train hits the iron wall at the end of the line. Who knows what will come next after that. Hopefully a better system and more freedom as opposed to more authoritarianism.
"The greater the lie the more people will believe it" Adolf Hitler
Ms Yellen is a master of the lie. She is not dumb for one second. She is an evil purvey of evil across the planet.
No matter how often a lie is repeated, it is still not the truth.
That's like asking the fox in the henhouse to admit once and for all that he does not actually have the hen's best interests at heart when he kills and eats them.
Not gonna happen.
I feel bad for the midget minded person/people who wrote this, published this, and believe this garbage.
You are referring to yourself and your own silly comment, right?
Well, if anyone has the spare fiat s/he should print this on a full page in the FT for some 50k or so. Would they print it ???
I have my tray and table up, and my seat adjusted to the crash position. Things look way too much as they did just prior to World War One. I think its a little late for a FED audit or disclosure of some sort to fix this.
we all know that the central banks are there to fleece we the plebes. Here's a great movie with a lot of the details that even most ZH's probably don't know. I know I had never heard of a bunch of them. Take it for what it is. https://www.youtube.com/watch?v=p5Ac7ap_MAY
None of this is possible without LEGAL tender laws. And legal tender laws violate the 5th amendment by forcing us to take something of no value in exchange for our labor and real value items. That was all made possible by "packing the supreme court". Game over. http://www.thetruthaboutthelaw.com/they-make-you-use-money-that-is-backe...
Yellen to Obama after reading this "We need to step up the domestic drone program YESTERDAY!!!"
Can say exact same about me money grubbing, lazy ass ex-wife.
You will see her read this the day before the markets crash. Look there should be enough money in the system that I should have seen atleast some of it and since 2007 im in the negative. I tried to get out of the insurance biz and well I could not find a job so I am back at it minus any body above me to take any of what I make. The long story short In my 30 years of business I have neber seen it so bad wish Janet would just pull the plug
Yellen's a Whore's whore, best of the best.
The only letter these Pikers understand and would be forced to sit up and take notice of is a parcel bomb.
You know it, i know it, we all know it.
Waste of time reminding Sociopaths of their CRIMES, especially the Financiers of the Cabal's treasonous acts.
Viva la Revolutione!!!
Bury Your Dead Bitchez.
Dear Concerned Citizen,
Go back and watch Fox news and CNBC for the real truth. We are fighting to maintain the US and the world's financial stability. It is unpatriotic American's like yourself that are destabilising the economy with your left wing, ignorant, hippy loving, cannabis smoking, anti-capitalistic, communist, Godless, Islamo-Fascist, terrorist, Nazi, anti-Semitic, racist, KKK ultra right wing agenda,
Go back to work, pay your taxes, watch TV, take some medication, go to Disneyland and thank God you live in the freedom loving US of A.
Love, Janet
P.S. Expect a visit from the FBI, IRS, Homeland Secuirty, DEA and the Mossad
Who is the bigger fuckface - Yellen, Obama or Billary
I wanna write one too:
Dear Frau Yellen,
Please kill yourself, and post a vid of your doing so on youtube.
Sincerely,
A Concerned Shitupon
It's called a "Selfie"..................
<======== Ol' Yellen = evil genius
<======== Ol' Yellen = useful idiot
Hope it was written with a gold pen.....
Heres an open letter Mr Yellin you fucking retarded looking cunt,
Do the Mix a favour and explain why everything your average Joe knew is a fucking lie you basin shaped hair cutted cunt, tell the proles why not just you and the fucking idiot cunts before you lied and manipulated the truth to the fact their labour has become worthless, thanks to your fucking money printing ways, you fucking ugly little dwarf twat, tell them that first.
Then tell them about the fact that the school system is a lie, you cunt, that the work system of being paid for productive endeavours with worthless script is a lie, you cunt, then tell them before the internet, everything their own parents knew, thought, believed and passed onto you was a fucking lie, you disgrace on the face of humanity you fucking cunt.
And that you bunch of not just ugly on the outside, but fucking child molesting fucking fiends on the inside cunts are why we are in the situation we are now you cunt. And that could be precisely why you fucking imbecilic maniacs are not the answer to the problems you yourself created.
But you wont do that will you Mo?
You know why? Its not just the fact you cant, without being skinned alive.
Its because you are a fucking cunt. A nation wrecking do as you are told, you and your family first, basin hair-cutted, inbred, child molesting protector, rothschild puppet, sell owt, right fucking cunt. The best part of you, Mr Yellin, ran down your mothers fucking filthy cuntish leg.
Cunt
Got that boys? Crack on.
;-)
amen
What do we do if we like pussy?
What do we do if we like old lady pussy?
Yeah, and you see these people are taught statecraft, just like Royals.
European Traditions in all, Military, Governance, Empire, Banking, treatment of the Elites, cowing to the Powerful...
- Treasury Secretaries
- Federal Reserve Chairmen
- US Ambassadors and Secretaries of State
- Senior Congressmen
- National Security Advisers
- Under Secretaries of Defense or State
- Think Tank Executives
- Hidden Foundation and Association Managers
- VICHY Wall Street Executives
- Fed Prime Dealers
We got Royals coming out the Ying Yang in the USA. All Trained to stand or sit in front of audiences or cameras to answer questions in the Traditional way... Much Like Hank "Lefty" Paulson.
Organized Crime is recruited from Ivy League now, but it is more better called Racketeering.
Now we just need one more letter about the bullshit reasons we continuously need to start wars when we don't have a pot to piss in or a window to throw it out of.
Just wrote this 5 minutes ago on different article:
-
The FED Created Moral Hazard with 6 Years of ZIRP/LIRP & QE after the gave special unlimited loans and got Congress to Give away TARP/TRAP.
Janet Yellen: after 6 years of manipulation you don't seem to have a plan and don't seem to have straightened out the Global Economies that were Messed up by US TBTJ Banks.
How do you Plead, Guilty or Not Guilty??
We really don't care Chairmen Yellen if you are new to the Post. We want straight talk about 6 years of bending over backwards and set up Moral Hazard and providing Incentives to TBTJ Banks.
How do you Plead, Guilty or Not Guilty??
John 8:44 ESV
You are of your father the devil, and your will is to do your father's desires. He was a murderer from the beginning, and has nothing to do with the truth, because there is no truth in him. When he lies, he speaks out of his own character, for he is a liar and the father of lies.
I have my own letter.....
Dear Ben and Janet,
In 1998 oil was 12 bucks a barrel – and within a few years it was over 30 and climbing.
Of course you would be aware that:
HIGH PRICED OIL DESTROYS GROWTH
According to the OECD Economics Department and the International Monetary Fund Research Department, a sustained $10 per barrel increase in oil prices from $25 to $35 would result in the OECD as a whole losing 0.4% of GDP in the first and second years of higher prices. http://www.iea.org/textbase/npsum/high_oil04sum.pdf
THE PERFECT STORM (see p. 59 onwards)
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf
And instead of standing back and allowing the global economy to collapse under the weight of oil that was racing upwards in price because we were approaching the peak of conventional oil production (which happened in 2005), I would like to thank you for dropping interest rates and opening the money spigot that lead to the housing crisis.
Of course the crisis was a bad thing but it was better than the alternative – total collapse of civilization.
Of course 147 oil was the Mother of All Nightmares and something had to be done about that so you created the shale myth and fueled it with easy money. That reversed peak oil by adding nearly 10 million barrels of oil to global supply.
Yes of course this is a Ponzi scheme that would not exist without ZIRP. But that is the point. If it did not exist we have collapsed because oil supply had peaked.
But of course shale was never a long play because the wells deplete dramatically in about 2 years. So we are now approaching peaks in both conventional and non-conventional oil production. We are in the last gasp phase because there is no alternative to oil, particularly cheaply extractable oil.
Ben – when you stepped down you said – and I paraphrase your comments :”I know a lot of people are pissed with me to the point of hatred for what I have done. But when you see the reasons why I did what I did you will thank me.
And I knew EXACTLY what you mean when you made that coded statement.
So I’d like to than Ben and Janet for getting me another 6+ years of being alive and being able to enjoy the comforts of modern society. I’d like to thank them for delaying the descent into ‘The Road’
It has been a wonderful 6+ years because I recognized that we were at the end of our rope in 2008 and I have used these years to travel extensively, to enjoy a little better bottle of wine or cut of meat.
You recognized that the end of civilization (and the likely extinction of the human species) is what is at stake. And you took action to kick the can as far down the road as possible.
I am surprised that we have gotten 6+ more years out of this --- I thought we might get one or two at best.
But you and your team have been incredibly creative in coming up with new ways to prolong BAU squeezing every ounce out of this dry stone. It must be incredibly difficult to go against every tenet of economics in doing this --- this goes beyond thinking out of the box --- it’s more along the lines of desperation economics. Anything goes because if you follow the rules of days gone by we all lose.
Thank you Ben, thank you Janet.
And for those who moan and bitch about the past 6+ years:
1. You owe Ben and Janet an apology because without them you would be lucky to be eating dog food warmed over plastic garbage bags under an over pass
2. Instead of bitching about how investing makes no sense, gold is fixed and how you can’t get ahead, why didn’t you just stick your spare cash into a Vanguard S&P and reap double digit returns during this period?l
what the fuck are u smokin????
Let me explain. Rather than live their lives and concentrating on their family, their immediate friends and issues (like the rest of us), a relatively small group of individuls with a common denominator sacrificed a century or more to devising and implementing a plan which would destroy America as it was founded (after a war with The Queen of England due to taxes - TAXES, got that? TAXES). The methods applied can be found in a book titled The Protocols of the Elders of Zion. Assasination, infiltration, manipulation, falsification, elimination,extortion, bribery and revision/rezoning/redistricting made this possible.
Dual citizens in elected office is just a bad idea any way you look at it. When this was approved, it was due to a US politician who was Jewish but who left for Israel, lived there, and then returned, and decided to run for office again, thus being the first politician to open the door to treasonous individuals in positions of power, enabling them to change the laws.
another blind Mr. Magoo
Dear Concerned Citizen,
FU.
Sincerely,
J. Yellen
But we are helping the 80%...they are still alive.
Dear Janet,
The last batch of cookies you baked weren't that good. What happened?
Best regards,
R19
The FED is the Cabal's preferred Vehicle for Wealth Transfer utilized when previous transfers of wealth have been exhausted by those who would deem themselves TBTF.
God Bless EACH and Every ONE of those PARASITES.
Only the last seven years? ... how about all the way back to Milton Freidman and the embrace of his monetarism..and Greenspan's long reign of accomodation.
Hahaha, fuck off Goy! Uh, I mean the committee will continue to monitor conditions and...
-Janet Yellen
We've gone from consumer economy to speculation economy. Deal with it. Lever up, bitchez.
Dear Janet,
I can smell the sulfur all the way down in Texas. Bad banks, bad banks, whatcha gonna do, whatcha gonna do when we come for you???
;-D
The biggest sin of Zirp is that it allows the government to borrow unlimited amounts at almost zero interest rates. Politicians will just spend the money than with no consideration. Interest on government debt is the only constraint we as citizens have over the free spending politicians......getting too late now to change this....can you imagine the federal deficit if interest rates will rise?....
Capitalism: If you make money you keep it. If you lose money, you are solely responsible for that debt. Freedom means not only the freedom to succeed but the freedom to fail and the responsibility to accept either outcome.
Fascism: If you make money you keep it. If you lose money society is taxed to cover the losses.
"Austerity", along with QE, TARP, and Bail-ins, tells us which system we are living under!
privatize profit, socialize losses. That is our way. Ain't it greattttttt. I'm lovin it.
The reply would be one sentence, namely we all believe to the core of our being in authoritarianism where us predator-elites totally dominate you producers == our prey.
Everything else is an irrelevant detail.
So let me get this right ok? When I signed for a 170 mortgage some 0's and 1's in a computer program were shuffled around somewhere and a "check" was given to the home seller. The amount of labor it took to make me endebted for 30 years took maybe what? An hour. Three hours? It is all smoke and mirrors. You want to know where the rubber meets the road?
It meets the road when I have the .22 ammo and lead delivery system to turn that fat fox squirrel in my back yard into dinner. Can that happen here? I don't know. If we are feeding with our hard earned tax dollars, if you are working of course, 55 million people with those fake 0's and 1's via the EBT card program and say,,, those went up in smoke, hmmm you tell me.
Wouldn't eat squirrel? You have never been hungry. I have. I do. I will continue. Prepare America. That light at the end of the tunnel is another train. I am a realist, not a doom and gloomer. Country boy can survive.
It's good to see someone maintain that those SOBs have known what they were doing all along:
In terms of real wealth: Stealing.
In collision with nearly every politician in Washington.
Yellen was put in to be thrown under the bus.
your doing the best job ever mrs yellon, just like ben and alan. keep up the good work. amerika thanks U.
as long as the EBT is working.
Everything is Awesome
privatize profits
socialize losses
I'm lovin it.
new capitalism.
just like 50 is the new 40
Remind me of what would have happened if the central banks didn't step in.
Oh right --- the financial system would have collapsed.