Posted on 10/09/2013 5:41:28 AM PDT by Biggirl
We now know where we stand. Janet Yellen is to take over the US Federal Reserve, the world's monetary hegemon, the master of all our lives.
(Excerpt) Read more at blogs.telegraph.co.uk ...
The feds answer: PRINT MORE MONEY!
HEY!
Wasn’t she married to the former Soviet Prime Minister?
Boris?
“PRINT MORE MONEY” means
“INCREASE THE DEBT IN ORDER TO STEAL THE SAVINGS AND FUTURE EARNINGS OF THE AMERICAN PUBLIC AND RESDISTRIBUTE IT TO PEOPLE WHO HAVE NOT EARNED IT, BOTH HERE AND ABROAD.”
The FED should employ easy money tactics until unemployment falls. Yellen is right to worry more about unemployment than inflation.
It would help if the U.S. would get smart about international trade and restore the import tariffs. Unfortunately, I don’t expect Yellen will point the U.S. Trade commission in the right direction. She was advocating free trade agreements 20 years ago and there is no indication that she has changed on the matter.
Got to remember that the feds have those printing presses.
A: It ain't working.
Printing money ‘to create jobs’ is like baking cakes to end obesity....................
By printing more money causing inflation, you wipe out peoples accumulated wealth.
The rich will get richer, and the middle class and poor will get poorer.
You cannot create jobs when people don’t have the wealth to purchase the goods or services offered.
but she’s also on record saying she’s ok with increased inflation if unemployment goes down.
and since we have record unemployment... expect record inflation... and we’d prolly see that the moment they increase interest rates.
and when the interest rates start to go up... that’s when the hyperinflation ball starts to roll
Well that IS one way the adjusting market can fight the frustrating effects of ridiculously high minimum wage levels. Inflate its way around it. Too bad for the people who saved money qua money. But more idle souls will be no longer idle.
yellen and holleren
Absolutely—but there is a price to pay. And we will get the bill, through increased debt and inflation.
Where did she get that hair? Looks like one of the Fisher Price Little People from the 1970’s.
Why not just allow everyone to add three zeroes after the denominations on their currency? We could end unemployment overnight.
Before government-sanctioned counterfeiting dilutes the value of our money further and induces hyperinflation, this would be a sensible time for the naysayers to reconsider gold as a hedge against worthless paper currency.
“The feds answer: PRINT MORE MONEY!”
Whoopee! Now we’ll all be RICH!!! /s;)
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