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Maxine Waters Congratulates Yellen On Not Hiking Rates, Says ZIRP Is Precisely What "Minorities" Need
If there was any doubt that the Fed has now officially lost control, then Maxine Waters' congratulating Yellen on not hiking rates should seal it.
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Following the announcement of a decision today by the Federal Open Markets Committee to hold off on raising interest rates, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, commended the cautious and prudent approach to ensuring continued economic growth of the U.S. economy.
In the statement, Waters noted global market volatility and the fact that many families in minority communities have yet to fully benefit from the progress the economy has made, and encouraged the panel to continue to consider these factors in the panels considerations moving forward.
She released the following statement.
“I am pleased the Federal Reserve under the leadership of Chair Yellen has chosen to exercise a prudent and cautious approach to safeguarding our economy by carefully weighing the full range of economic data in assessing whether to raise interest rates.
Since the depths of the Great Recession, which decimated our economy and left millions of families out of work and displaced from their homes, our economy has made remarkable progress.
But despite these gains, volatility in global markets continues to threaten our economic outlook. Furthermore, persistent slack in the labor market remains, with many families who have yet to reap the benefits of the economic recovery.
Data has shown that for African-Americans and Latino communities, the unemployment rate remains considerably higher than those of their white counterparts.
Moving to prematurely raise rates will endanger the critical economic progress we have made, and threaten any gains minorities have only begun to make on the tail end of this recovery.
I remain hopeful that the Fed will continue to keep the well-being of all Americans in mind as they consider potential rate hikes moving forward.”
* * *
It wasn't quite clear which minority she was referring to: the 1% or the 0.1%.
But there you have it: one more person unable to grasp that it is the Fed's policies in the first place that have left "millions of families out of work and displaced from their homes."
In time, they will grasp it, right around the time the last ounce of Fed credibility has gone.
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You have all being fooled! Maxine Waters is actually Michelle Obama!
Ain’t this Waters-bitch’s husband a banker?
Looney
>>>> clueless racist insider-trading skank
>>>> honorable patriot
Affirmative action, interest rates have been persecuted for far too long.
I have been going through tons of demographic data for my state lately, and while I haven't gone through all of the data yet, it appears that the correlation between minority status and poverty is going UP. Again, I haven't gone through all of the data yet, but I did not find that pre-result at all shocking, given the state of the economy. That fucking idiot Waters should actually look at hard facts before she opens her mouth.
Facts have no place in a discussion of economics.
You're right. Let us go sacrifice a chicken and read the entrails.
At least all the ding bats are in complete agreement.
The fact that this person gets re-elected is the same reason I choose not to live in a "diverse" area.
Calm down, guys. Maxine Waters is the person who said she was concerned the island of Guam might tip over.
NOBODY takes this bitch seriously. Bag of hammers.
My God she's stupid.
But that correct observation makes me a raysis.
This woman makes bread look bright but maybe she is right? Do they need a perpetual welfare-state propped up with funny money?
As if the Banksters give a shit what Maxine Waters thinks.
Zillionair wall street bankers technically are a "minority"
Obama 50% negro, half a brain. Waters 100% nigga, no brain.
Can't wait to hear what Sheila Jackson Lee thinks about this.
Waters is also in favor of open borders. How's that helping the black man out? But she won't talk about that. That's racist.
This comes from someone who's father is black and whose black grandfather suffered under REAL racism in the 1950's south...
Fuck that Nigger Bitch.
I thought she said minion but I could be wrong
Maxine, our hero ;-)
By your use of "our", may i imply that like myself you are some shade of brown nmewn ???
Nothing will reassure the markets, both domestic and foreign, more than Maxine Waters endorcing Yellen's script.
Yes, the entire world was waiting with baited breath for the interest rate policy opinion of economic mastermind Maxine Waters!
Says ZIRP Is Precisely What "Minorities" Need
Uhhuh, and just HOW many minorities have access to the discount window?
payday loans!!!!!
Remember this idiocy??
Back in 2008, Waters was lecturing oil company executives at a congressional hearing when she plainly stated her true intentions: “Guess what this liberal would be all about? This liberal would be about socializing … uh, umm. … Would be about, basically, taking over, and the government running all of your companies.”
5 minutes later we would run out of oil...
She is so staggeringly stupid. It's just amazing.
That was that other idiot congress critter, Hank Johnson. But yeah, bag of hammers still applies.
"Imagine a world without balloons" ~ Hank Johnson
Imagine a world without Banksters
That was Hank Johnson, and not Dingbat Waters
I am thinking MDB gets his talking points from Maxines office.
You're right. Let us go sacrifice a chicken and read the entrails.
Too dovish. Make it the squid and I'm in.
El Vaq: "You're right. Let us go sacrifice a chicken and read the entrails."
HA! The Tribe has you beat again!
http://www.rt.com/usa/315485-orthodox-jews-slaughter-chicken-kaporos/
Liberals never 'get it' - they just can't.
What does Maxine mean when she says "Minorities", the countless miliions of Americans who are out of the workforce??? ZIRP does nothing for the economy, it only helps the rich get richer....the poor saps dont have any assets, for sure, no stocks.
Members of the Tribe.
I always assume that she is talking about the Asian minorities. The group that needs the most help finding jobs and moving up the social ladder.
Keep asking her questions she can't understand- it's fun to watch her mouth move.....
Dumb as a rock she is - a loss of few I.Q. points and she could apply for disability.
A loss of a few I.Q. points and biologists would reclassify her as an incredibly stupid nematode. Maxineus idioticus.
What is even sadder, is the fact she continues to get re-elected- a direct reflection of those voting for her. People get the government they deserve, and most clueless dumb bastards don't even know what happened.
Too bad "people get the government they deserve" only applies on a group level because I don't think that I deserve a government.
I'm amazed she didn't come out and say "Brawndo has electrolytes, its what plants crave"
I think Mike Judge had her in mind when they filmed Idiocracy.
HOAP.
Have you considered that maybe she's the beneficiary of manipulation from the patents listed below and is not fully in control of what she thinks or says?
http://www.google.com/patents/US3951134
http://www.google.com/patents/US6011991
For all anyone "knows", this could all be a simulation called "life". That could be a scientific explanation of what the bible has predicted... And is it really a "prediction" if you've seen and done it before?
Maybe that's what Psalm 23:4 really means... I'm not sure but it comforts me.
She is the worst the black race has to offer. She is creating and enabling victims among the blacks and talking her own insider trading investments.
The fact that she can become a multimillionaire when she does not have the intelligence to tie her own shoes is an indication of just how corrupt the Congress has become.
So.. the fed's mandate was to protect the minorities after all. The 1% or less
ZIRP: Because paying $500,000 for a $250,000 house is freedom.
LOL- spit out my Kool-Aid on that one- well played, Patriot!
Comment of the fucking day. Maxine, has no problem fucking over the rest of her race, I believe that her husband is a banker.
Again, let me be clear, ZIRP/NIRP will continue until we start putting heads on fucking pikes.
I pray everyday that the majority of the Black community will wake up and see the shame that is being pulled on them by the Democrat party. They day they wake up we may see the first public lynching of black politicians by black people.
The promise of salvtion through the promise of free shit is eternal. When the free shit runs out, the foresaken will find a capitalist or saver to blame. Goddamned hoarders.
... the F$A is in for some major league goodies in the year(s) to come....Biden will be offering up "Free College" (via 'loan' foregiveness) as a form of "investment in America's future" (aka Vote buying)
But I can finance it at 4% for 30 years! That means end of cycle I can actually pay close to $900k + for a $250,000 house. Super-freedom!!!
In thirty years a cheeseburger will cost $900,000. You think it can't happen. Look at the hyperinflation hitting Venezuela. Not to mention at one point or another Brazil, Guatemala, India, Ecuador, Russia, etc... Its all about managed debt destruction for the state. Your just along for the ride.
The us dollar is the world reserve currency by birth right of the mericans so its never going to happen here ;)
LOL, wow.... all I can say is WOW.... QE and NIRP are absolutely destroying the underclass in all developed countries and this lady has the balls to say this?
getting fucked in the ass until they learn not to vote for banker-owned politicians is exactly what minorities need, in a roundabout sort of way
Vote for...?
nuubee- its not a matter of balls- she is that fucking STUPID!
You got that right, especially when the wall comes crumbling down...
You're assuming that they will learn eventually. But these are the same people who have voted for these morons for years. And it's not just minorities, it's white people too. My generation is the worst:
https://www.youtube.com/watch?v=BUybMMYmpxo
One dumb cunt congratulating another dumb cunt.
The question is which cunt is dumber.
Waters is the dumbest of the two. Hands down.
Yup Looney, her hubby is a banker
Waters is a poverty pimp of the highest order.
Someone from the fed is reading this and realized they royally f'ed up if Maxine Waters is congratulating them
And there you have it: one more person unable to grasp that it is the Fed's policies in the first place that have left "millions of families out of work and displaced from their homes."
Stupid is as stupid does...you only get into congress 2 ways: sell your soul and constituents out to the bankers and/or be stupid enough to be allowed in
Pray to God I see her at judgement day in line before me! hola luyah
Free Shit Army wants Free Monies. So do the bankers.
Virtueous Circle.....or .....Circle Jerk.
You decide.
#ZeroInterestRateLivesMatter
Somebody forgot how to pronounce "klaatu verata nicto". The Free Shit Army of Darkness is loose.
Punch it Chewie!
Run the Water........
Im so sick of hearing Minority shit!! GET A JOB mutherfuckers
Alls we needed was some audio so I could puke & gag!
Maxie is appearing at Zanies here in Chicago for a great comedy show. Come on out!
https://www.flickr.com/photos/31126705@N02/16253647986/in/datetaken/
Do you think for a second moochie does not already have plans to run for some office? Damn skippy she does.
Maxine already got paid. She don't give one watery shit for those hoodrats besides getting reelected.
Have you heard about NIRP. Maxine?
Did you know that the 0.1% have more wealth than the bottom 90% thanks to the Fed?
That's racist. I am reporting this post to site moderators.
Unfortunately, truth is almost always racist.
Truth is also treason in an empire of lies.
This reminds me of idiocracy and maxine waters.
https://youtu.be/jpEdJ_tlX2A
Halle Berry, she fine. There's cake in the back.
If you haven't seen the above video, please watch it, you will laugh, you will cry, you will wonder what planet you're on.
WTF?
Well BC I'll take "you will cry" for 500.
LOL!!!! does everybody in the black community down there suffer from fetal alcohol syndrome?
They just enjoy gnawing on all dem lead paint chips.
Ok I watched it. Fuck that was cringeworthy. Appreciate the tip :)
Who the fuck is Mr Hurricane anyway.
I'm guessing his sorry ass left without a trace as it was 7 years ago and I've never heard of him.
I'm in the UK. It mean't nothing to me.
Meant nothing to me either- first I ever heard of this loser- hope to God it's the last.
Unable to grasp? nah..
Paid to shill.
It's definitely both...this "person" has the IQ of chunk from goonies.
You tell em, Weezy.
Throw in Shelia Jackson Lee for the complete braintrust.
And don't forget Boxer.
think they're just sticking to the blacks that like to hustle their own.
sweet justice would be thousands of blacks finding both these cunts and re-enacting the lat scene from 'Training Day" where Denzel gets finished off by his own
hey stupid go ask the Japanese poor how 20 years of Zero Interest works out
She's right you know. The minority 0.001 percent would take a huge loss if she raised rates and stopped the free money.
The fuck does this idiot know about finance? Racist douche bag.
Yes Maxine, need to keep them in the ghetto without any oppurtunity so they will vote for fools like you to give them things.
It's technically called "gibs me dat".
"What's ZIRP again?"
It's a ghetto cocktail made from watermelon juice and Robit....eh..'tussin.
Fuck your shit up real good. Get you shot some places.
ZIRP is Fed "drank"...it slows "they" roll...
Ask trayvon.
""Zero Interest Rate for Pigs""
She released the statement - because she couldn't even read it aloud let alone write it.
maxine is braindead. her handlers wrote it for her, and published it in her name. she's not allowed to talk publicly anymore as her voting block would immediately declare her incompetent.
Her voting block is incompetent and would pick a black corpse over a legitimate leader of any other race.
um, yeah, helping minorities is right at the top of blankfein & dimon's to-do list for qe4 & nirp...
just damn...
Who benefits from the financialization of the economy? It ain't the ditch diggers.
What about the welfare takers? How else is big daddy government going to finance the FSA lifestyle of our innercity gangstas?
Parasites Above. Parasites Below.
Sounds like Million Doillar Bonus (MDB) from this website. She may be MDB.
Damn you can't fix stupid! It's true!
Now you KNOW it was the wrong decision.
#Unemployedlivesmatter
the interest rate is too damn high!
Remember that she is saying exactly what her supporters want to hear.
#blackrecoveriesmatter
Cut me some persistent slack!
When is last time Maxine Waters talked anything like the wording of this doc? I bet it would be entertaining (and disheartening) to watch Maxine's capacities if she had to read the doc aloud.
Allow me.
"
But despise these gains, volatitality in global super markets continues to threaten our economics outlooking. Furthermores, presperant slack in the labor markets remainses with many families who have not gots to reap the benefits of the economics Obama recovery"
#BlackRatesMatter
"Can a brother get a little ZIRP ova here?"
if she'd follow the nancy pelosi playbook she could be a zillionaire
That would require the ability to discern front from back.
"Data has shown that for African-Americans and Latino communities, the unemployment rate remains considerably higher than those of their white counterparts."
Dam this racist data
"and the fact that many families in minority communities have yet to fully benefit from the progress the economy has made"
Deep sigh.
There are only so many housings and beds on Wall street....
It is amazing how easily brainwashed so many people can be. Makes me want to go try it out with different things and on different people around me. See if it is the same or if you have to be in a position of power to easily have it work for you.
It works everywhere. Just act like you know what you're doing.
actually maxine is correct. without zirp, the us gov wouldnt be able to have half the country on food stamps and welfare.
How'd they ever manage to fit all that stupid under one weave??
Nationalize ummmmmmmm Socialize those ZIRP's
HAHAHAHAHA. I guess her chains are resting lightly on her? What a waste of carbon she is...
Is she doing the "nay-nay" yet?
She was going to, but then Guam tipped over.
I caught a glimps of Maxines copy of the FED notes...
http://ww1.prweb.com/prfiles/2010/02/11/2493174/BookABCsSSprimary.PNG
She dumb!
Maxine sold out a long time ago.
She's not black anymore.
Black people kicked her out of the club a long time ago for the embarrassment she brought them.
this is why we STILL have race wars...egg'm on,gf
Now if the Fed can only find a way to put a Delta 225 in every garage....
Ah, the old " duece and a quarter"
Was that an Olds or a Buick?
#handsupdontraiserates
How long is a recovery before it isn't a recovery anymore?
Things were better when the average lifespan was 60.
Putting up with this shit for 80 years, and watching these embedded old crotchety cocksuckers ( on both sides) who never fucking die, retire, or get voted out is torturous .
Thank you, Barney Frank, (A real " TeaBagger" ), for retiring.
#BlackInsiderTradingPolicitiansMatter
i would like to 'axe' her to STFU
Does Maxine know what 'economy' means??