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Screwed

03 Feb

More than a banker.

Sworn in today, Janet Yellen (Wicked Witch of the West) succeeds Ben Bernanke, becoming the first woman to lead the Federal Reserve in its 100-year history.

We’re screwed. 

janet-yellen-photo-janet-yellen.jpg

But you already knew this.

Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley.

Can anyone see a political hack here?  A lifelong Progressive Democrat?  Tasked with the responsibility to finish off our economy, do you think, as you look at the photo, that she places any value in the Oath she is swearing to?   BTW, there was no Bible in the room.

Wicked

 

Watch for Bernanke.  Don’t let him get too far away. 

If he’s not already gone.

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12 Comments

Posted by on February 3, 2014 in Uncategorized

 

12 responses to “Screwed

  1. Jamie

    February 3, 2014 at 11:17 pm

    Oh and this women readily admits she did not see the subprime fiasco coming in 2007/2008. Hell I saw it coming and all I have is a GED as “formal education”.

    Welcome to Weimar the USA version. I think that the Benanke only intoduced the “QE Taper” so Janet could boost it when needed. The USA dollar is hosed and so are all other fiat currencies it simply a matter of time befre we see a brick wall or a cliff and all that can kicking will be moot.

     
    • Soffitrat

      February 3, 2014 at 11:33 pm

      The only thing she has to do is to kick the brink over the edge of that wall to watch it shatter. Then we will be done. You are right. Look for her to print, but also expect us to follow the Europeans, Russians, and others in raising our rates. She’ll do this only because she thinks that following them over the edge will be the popular thing to do. She has no idea what she’s doing. Rates will begin the inflation. I don’t care about the markets or those who have been greedily smacking their lips as they made their fortunes. Fortunes can vaporize quickly in this environment. I do care about hyper-inflation, where we will all go down with the ship. Yeah, you’re right. If she couldn’t see that back in 08, she’s dumber than a rock. This is a political appointment. Someone so entrenched in her ideology that she is willing to fall of a sword for the Kenyan and his handlers. A human sacrifice. Bernanke didn’t have the guts to face his fate. Not that he will ever escape it…

      Hope you’re doing good. Been reading your site. Looks like you’re busy, getting there. Good luck Jamie.

       
      • Jamie

        February 4, 2014 at 12:22 am

        rat, Not great but I’m holding my own overall. Saved a bit of money and now have to pay it out again. I don’t ever get to keep any FRN’s. I get to fondle them for a bit and then pay them to the PTBs. It could be worse and I’m getting by fairly well. My silver stash is doing okay and my savings might survive replacing the water main. I have a fairly solid setup for most emergencies as long as SSD and my vet benefits are paid, I can pay the bills.
        I suspect we will see the USA economy crash this fall and inflate the dollar even more becase of DC debt and the Fed. If it happens it happens I’m not panicked as I have a solid setup overall. I can handle hyper inflation and take advantage of deflation. But theory and real world are very different and we will have to see how things shake out.

         
        • Soffitrat

          February 4, 2014 at 2:08 am

          You are better off than 90% of Americans. Really, keep up the good work. It WILL pay off.

           
        • Dannyboy53

          February 4, 2014 at 9:53 am

          You have hit some pretty rough potholes lately and I admire your display of positive perseverance.
          Everybody keep the faith.

           
  2. Dannyboy53

    February 3, 2014 at 11:41 pm

    HOLY COW! As long as she is alive I don’t think I will have to worry about being the ugliest person in the country! Okay I’m being mean again…sorry.

    Check out that resume…Bill Clinton…University of Cal. Berkley…CEO of the Federal Reserve SF Calif. Your title for this post is MOST appropriate ‘rat! A heavy-hitter indeed.

    Don’t she sort of remind you of Dick Morris? Okay, okay…I’ll quit.

     
    • Soffitrat

      February 3, 2014 at 11:51 pm

      I think she ate Dick. Morris.

       
  3. rogerunited

    February 4, 2014 at 9:24 am

    I posited at another site that when the economy goes down privatisation will happen. I think it is planned so insiders can aquire assets, like in 1990s Russia.

    I’m not worried, as Jamie said,”if it happens, it happens.” I just want to go on record with a prediction, its kind of a game at this point.

     
    • Dannyboy53

      February 4, 2014 at 9:57 am

      Yep roger, “acquiring assets” is a must for the other side, they can not survive otherwise. And again, as Jamie says “if it happens, it happens” and we will just have to fire and adjust. We should be getting good at that since we are blind-sided so much.

       
      • rogerunited

        February 4, 2014 at 10:11 am

        Being blindsided is our own fault, the good guys are always too trusting!

         
        • Dannyboy53

          February 4, 2014 at 10:28 am

          Exactly right roger. We have been “programmed” in the past to blindly trust and obey authority. This, in my view is our biggest hurdle, getting people to wake up and get over this attitude of trusting in an illegitimate regime.

          Our Declaration of Independence states we are not required to, in fact it is our duty to dismantle it and start over.

           
        • Soffitrat

          February 4, 2014 at 5:02 pm

          I am not so trusting anymore. Not with DFW 100 miles down the road and total fools just 5.

           

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