Janet Yellen

19 Sep

On this, I agree with Faber:

“She will make Mr. Bernanke look like a hawk. She, in 2010, said if could vote for negative interest rates, in other words, you would have a deposit with the bank of $100,000 at the beginning of the year and at the end, you would only get $95,000 back, that she would be voting for that. And that basically her view will be to keep interest rates in real terms, in other words, inflation-adjusted. And don’t believe a minute the inflation figures published by the bureau of labor statistics. You live in New York. You should know very well how much costs of living are increasing every day. Now, the consequences of these monetary policies and artificially low interest rates is of course that the government becomes bigger and bigger and you have less and less freedom and you have people like Mr. De Blasio, who comes in and says let’s tax people who have high incomes more. And, of course, immediately, because in a democracy, there are more poor people than rich people, they all applaud and vote for him. That is the consequence.” ~ Marc Faber

‘If I could implement interest rates below zero, I would do it.’ ~ Janet Yellen

We are all so screwed…


Posted by on September 19, 2013 in Uncategorized


2 responses to “Janet Yellen

  1. Jamie

    September 19, 2013 at 11:22 pm

    I don’t consider myself brilliant and yet I could see the housing bubble back in 2007-2009. Poor ole Janet was caught completly off gaurd when it imploded. Well she is perfect for being the fed head! /sarc

    • The Soffitrat

      September 20, 2013 at 2:18 am

      Yep, We are in deep shit. The plan (world wide) is to take down all of the middle classes. Why, is the question. Do the PTB really think that a total ‘awakening’ will enable them to, somehow, escape like they’ve always done in the past? Do they think that, by including the middle classes, the resulting uprisings will be complete and that they will somehow be overlooked?

      Quite the opposite will be the case. There are too many educated people in the world today. Too many vets with real war experience. Too many ex-CIA/KGB types out there for these slugs to walk. Their master plan is doomed. From their perspectives, anyway. Societies (many with tyrants) will quickly re-form, and that is the fly in their ointment.

      These people are better known than they realize
      . They will be hunted (even in their billion dollar, armed, escape pads) down (every man, woman, and child), and liquidated. They cannot hide. They cannot re-organize more governments, or banking institutions. I only hope that the lucky people who find them, take the time to document each execution. They must be eradicated once and for all. With no one, of their ilk, left behind. The Tyrants will be dealt with later.

      All of this, while the world burns. The result of their total collapse scenario.


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