Let’s give Janet a break, amirite? After all, no one could have seen inflation coming -
Oh.
By the way, if you think $5 a gallon - and rising - gas isn’t going to put the United States into a recession, you apparently weren’t alive in 2008. (Which would make you under 14 and probably not reading this.)
Keep in mind that prediction is a lead-pipe lock NO MATTER WHAT HAPPENS TO INTEREST RATES. And remember - the Federal Reserve has just started a TIGHTENING cycle right now, and no matter what happens to the economy, that tightening MUST continue for a while because inflation is such a problem. In other words the Fed is not going to be able to come to the rescue with cheap money even if we go into recession.
This is bad for the real economy but WORSE for the stock market, because it means the Fed put is dead. In other words, this feels like 2008 all over again, but worse. The banks are better capitalized but the risk has actually moved UP a level, to the Fed’s balance sheet. No one is left to bail us out if everything goes wrong.
Fortunately all that risk is priced in! It’s not like the market is up six-fold since its 2008 lows and trading at price-earnings ratio that suggests we have permanently banished the business cycle (I am old enough to remember when we had permanently banished the business cycle, until we hadn’t).
But what do I know?
This has been The Pandemic’s Wrongest Man, an occasional series.
Normally, I'd give some credence to Hamlin's principal, which is never blame malevolence if it's possible to blame stupidity. However, by many statements now (lately JB has called the disaster a 'incredible transition' and there are other indications of pride in their disaster. Don't forget the war, that was also deliberate.) it is clear, that everything that they have done, Afghanistan, war with Russia, oil disaster, economy, disastrous inflation, was all PLANNED.
JB hates America. And so do the REST of the 'democrats'
It's very clear that the 'republicans' hated Trump as much or more than 'democrats' John McCain called all of the patriots who came out of the woodwork after 2012 mid terms "crazies". And McCain also was among the first to pass the 'dossier' to as many as he could, starting the post election insurrection against Trump.
Very clear that the entire anti-Trump project was a successful insurrection, maybe that's why the 'democrats' (and select 'republicans', like McCarthy, Kinzinger, and Cheney among others) emphasized Jan 6 so much. Of course, it was a demonstration of what the State has in store for any patriot that is pro-Trump too. An effective demonstration too.
Trump was right to say McCain was no war hero, too.
He was a spoiled brat, son of an Admiral ,who ignored frequent reprimands to stop hot dogging his plane and eventually managed to get himself shot down.
He was also suspected of being the cause of a ship fire that cost lives.
Joe has no idea what he likes or does not. He is just a nasty, corrupt senile politician that does as he is told. That is why he was hired. What aggravates me a lot is that one’s now complaining that JB has horrendous policies, voted for this creep. Yes, crushing US is the plan and lots of willing participants. Now Dimon is worried? So he is telling us a tsunami is coming. One that he helped plan? Heard a progressive professor today say he was very uncomfortable with the word “truth”. This is where we are. Is the vaccine also doing brain damage?
Somewhat in my defense: I had watched Dems go totally bonkers regarding covid because they blamed everything on Trump. I really thought that if they were in control the pandemic narrative would shift. Boy was I wrong. I knew Joe would be incompetent; what I didn't realize was how deeply entrenched the Dem machine was with corporations and this whole global agenda. Most Rs aren't much better but I deeply regret my vote. Sorry, everyone....
I want to make clear, it's not a euphemism, it really does cross the blood brain barrier and wreak havoc in the brain.
I don't recall where the study was linked, maybe Alex's LewRockwell neighbor, Joe Mercola, although it could have been his other neighbor and nemesis, Dr. Malone.
I think that the vaccine damages every organ in the body. It certainly penetrates the blood-brain barrier. That comment above is pragmatic as well as political.
A relative of mine, who's cancer was in remission, had the cancer return with a vengeance. She died in April despite the best medical care. I blame the stupid doctor who recommended it (and the booster) And another relative, had mild senility really increase rapidly too. I've heard that there was some degradation before that I wasn't aware of, so it was already happening, but it's really taking away his mind now. It must be a particular horror to have this happen, it certainly is horrifying to watch/live.
Bingo. Elites do indeed want to destroy Western society, so the self-destructive nature of the sanctions is no accident, and is a measure of their success. They are true believers in Anthropomorhic Global Warming (AGW) and other evils they attribute to over-population with "useless eaters." The only thing you missed was the role of the plandemic and the fake vaccines in population reduction. Their political philosophy was best expressed by Canadian globalist Maurice Strong's statement in 1992,
"What if a small group of world leaders were to conclude that the principal risk to the Earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it? The group's conclusion is 'no'. The rich countries won't do it. They won't change. So, in order to save the planet, the group decides: Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsibility to bring that about?"
I think many give the left too much credit. True they dislike America and what it stands for (freedom to be and to do what you wish without reliance on government). But, they are just incompetent ideologues bent on pushing a leftist agenda albeit a self destructive one. Delusional comes to mind for most of Biden's cabinet, staff. Joe is just an incompetent,
corrupt automaton. They actually believe their policies , decisions are making America better. Sadly, we haven't seen noth'n yet...its gonna get horrifically worse...be prepared.
Logic would tell us your correct, they're in the minority. But as we've seen in these riots and all these executive orders it doesn't really take a majority to overtake a country. Look at Cuba in the 60's Castro and Guverra's group was small but an American journalist played it up, by lying, that he a
was a great revolutionary forse. Hitler's beginnings were in beer halls, and Lennon didn't have as mass a following as folks think in the bolsheviks. It's about perception, lies, intimidation, and, as we see in our media, propeganda. You are all great Americans on these threads. WE must, as Americans stick together and hold true to the values passed down from our forefathers. Right now I'm not so sure party affiliation even matters.
I'm not an anarchist or a gun freak. But looking back at what the founding fathers put into the constitution and after reading "Common Sence" Thomas Paine, we need to put a fullcourt press on all pliticians to stop with retoric of gun control and all their "fixes" to the Constitution. Murder of or kids is horrible whats worse is when you use those same children as tools to push an agenda that sends us right back to where we escaped from, the Monarchy. We as citizens have a duty to our children to protect them from a tyranical government. When a man like JB is installed, illegally, in a position of absolute power and can wreck our lives with theorys and lies we had better be very aware of what really is at stake here. Steven King wrote a novel years ago called "The Dead Zone" where a man called Johnny Smith through a car accident aquired the ability to see the future when touching someone. There was alsoin the story line a ruthless, tyranical politician named Greg Stilson whos was running for President . Smith touched Stilson and found his intend was to nuke the world. Smith set out to assaninate him but as he had the rifle trained on the bastard Stilson grabs a 5 year old child and uses him for a sheild. Seems like a pretty good analogy to me. By the way Smith dies in the confrontation but as he's diyng he touches Stilson and he sees him losing in disgrace and eventually he takes his own life.
Hamlin is a too often used excuse to avoid admitting rich and powerful people who have said they want to change the world are using that wealth and power to do so through control of institutions and elected leaders. The incompetence angle is itself a tactic to promote using Hamlin versus looking too closely at what's being done. Yes there are some in government who are incompetent but the ones controlling key positions aren't incompetent they're corrupt. Usually that includes the presidency but in their desperation to prevent Trump from winning again and further damaging their plans they had little choice but to go with an old fuy with Alzheimers like problems. I believe Obama is running the administration via the back end and that would explain the choice of Joe Biden. Any other Democrat candidate may not have been willing to play president while actually allowing Obama to run/decide. Not only has he already dealt with Biden but Bidens more focused on getting his cutting of the $$$$ to be made than being the president. His mental state is a plus in that they probably are able to convince him that doing it this way is normal.
Yeah, look at Fauci -- he's never right but he's always certain of himself. And he's never fired. He'll be working in government until he's 100 years old. Even then, his wife will keep him "working" like they did in Weekend at Bernie's.
My sister was her college roommate at Georgetown. She seemed like a nice gal back then. Not sure how they met. He’s gotta be 10 years older than her. But yes, she seems to be complicit in all of his doings, given her position.
Meray, that's wild (the roommates thing). I've been wondering lately if Fauci has kids? It would seem he'd be a little more aware of the damage he's done (along with other perps) if he did, but I'm sure it wouldn't stop his madness.
Shame is not a factor. It is disgusting. Fauci is a life-term bureaucrat who figured out how to exploit the system. His wife could have left him years ago....but she has her hand in the pot also. This system needs to be overhauled.
No, I don’t, so if you have the link please do send. Until recently, I never even heard mention of one. I could have searched too I guess so feel a bit stupid about that. I can’t even stand to type his name! Lol
What's worse, is that when Fauci mouths off on CNN or MSNBC, it's taken at face value. If Alex Berenson or Dr. Malone says anything, all of their statements are "fact checked" by left wing "fact checkers" and are found to be "disinformation" (aka anything that goes against the left-wing MSM narrative).
The main disqualifier is that the FED should not exist at all. A private banking organization should have no authority to operate the monetary system at all. The government is obviously no good at it either. Psychopathic human greed and avarice knows no bounds. Therefore the foundational basis for the monetary system should not be subject to or dependent on any human manipulation.
This, however, is not allowed to be talked about.
But you are allowed to buy into the premise that the system is necessary and sound. And you are are to believe that only the best and pure-hearted people are running it. Then you are allowed to talk about it. You are encouraged to spend a lot of your precious life energy getting emotional about these soap opera characters that play their scripted roles. The system just needs some minor reforms and tweaking, you see, and perhaps shuffle the various characters around from time to time.
Ding ding ding! The founders knew, through experience, that politicians and bankers would ALWAYS find a reason to keep printing. That's why the Constitution says ONLY GOLD AND SILVER.
We went 100% off the gold standard in the early 70s. It's only taken them 50 years to ruin the dollar.
It's true, but until the '70s other governments could hold us accountable by trading their dollars for gold ($35/oz IIRC). Once Nixon fully broke the link, the banksters were able to kick it into full gear.
History repeats itself. Currency can "only" last 40-60 years without being backed by something of value. In 70s America moved off the Gold standard to... Oil. Wonder why we had those wars in the middle east 🤔
My observation is supported by the observation that incompetents outnumber competents in government by a greater proportion than non-whites outnumber whites, if the latter is even the case at all.
Look at Lisa Cook, by any measure, the dumbest person ever confirmed to the Fed! She's a racist black female Marxist with NO monetary experience and only ONE publication to her name, which was entirely made-up (about the racism she sees everywhere, naturally) and withdrawn, iirc. But she squeaked by confirmation with Kamala's tie-breaker, very fitting. Not good. Not a sober choice. Sad for the actually qualified black women out there, but they're probably conservatives, so...
Oh, right. And then there's that urban legend, with nickname Brandon, who "got 81 million votes," although in the campaign he couldn't even fill a classroom with supporters. I guess you all mean like that non-white guy, right?
I’m stumped. Religion signifies loyalty? Are we calling out those who call themselves Christian, Catholic, Muslim or atheist as siding with one another?
It wasn't the point I'm driving at, but Jews in America display obvious (and admirable) in-group loyalty and regard for Jewish interests. Catholics, to take one of your examples, have demonstrated this far less. I don't have an explanation for that, except that possibly most Catholics would see themselves as Italian-American or Polish-American before their religious hyphenation.
White, Jewish, Black, Muslim, Rich, Poor, Middle, believe it does not matter any more what box you fill. Although they do tell us it matters. I think we are learning to go by what they preach, speak, live by, practice. Yup. That's how we will judge character after this debacle.
If people don't believe that intelligence is a disqualifier for working with the government, I guess they haven't looked at the current administration. My bet is that these same people blame Russia for our high fuel costs.
Before Russia, the high fuel costs were due to the Colonial Pipeline hack. Remember when high prices were blamed on chip shortages, ships backed up at the ports, and covid? When you print money, you get inflation. Period. The End. That's it. All the other reasons are mostly BS. Transitory inflation???? Pfff.
Absolutely. This was a power grab by Big Tech, Big Pharma, The mainstream media, and the Democrat Party. Plain and simple. All these BS reasons for inflation are all just spin. Easy money = inflation.
They are chosen by one criteria: are they willing to play ball? Playing ball means being a professional propagandist, lying about what the Fed does, why it does it, and for whom it does it.
They are not chosen for knowledge.
Besides, the notion that a central entity can better determine the price if money (interest rates are just a price) better than the supply and demand for money, is no less absurd than thinking they could better determine the price of refrigerators.
The Fed creates inflation, so the notion that it fights inflation is like saying the government fights budget deficits. It’s so preposterous that it only shows one thing: most people, even smart ones, have no comprehension of what center banking is all about. And it allows the government to steal and confiscate on a scale so great that if people did understand it, there would be a revolution.
Observe that the job of the Fed Chair and the Fed Governors is to travel around giving speeches (spewing propaganda) that the media obligingly disseminates.
Alex's neighbor on LewRockwell.com, Mises.org, will send you, free of charge, a hardbound book laying the BS bare, and explaining economic reality in layman's terms.
I think they are full of crap on military preparedness, but the economics part of their mission is solid.
Her incompetence while sitting in one of the most powerful financial seats in the country is absolutely insane. While they don’t directly control inflation, they do directly have influence.
Fair point of view. Stagflation is where we are at now. Perhaps it is intentional, perhaps these clowns are following an agenda…either way, they are needing nothing less than to be put in prison.
I we all don't understand by now that our governments are being run by kleptocratic fascist wanna-be's who would prefer each nation reaches maximum destabilization or worse then what do we understand? Have been in touch with people around the world who believe the time to stand up and say Hell no was at least two years ago. And if our governments aren't bad enough our corporations and institutions are worse. The Davos WEF crowd is worse still.
Democrats, like Yellen, who staff Democratic administrations, rotate back to universities (as if an airplane in a holding pattern), while waiting out Republican administrations. They've no real-world experience in the economy, in the private sector, where profits matter, where layoffs occur, where the unemployed find work, where taxpayer-voters make their livelihoods and live their lives. She makes judgments by looking at data but suffers no consequences for being wrong--meanwhile, the rest of us suffer consequences for her being wrong.
She absolutely understood the risks... of not repeating the lies that the Biden Administration have been feeding us. If she told the truth, she would have gotten Hillaried.
Because the Federal Reserve is privately owned by the cabal. The US isn't a democracy and hasn't been since 1913 when the Fed was created. The entire Deep State (CIA, FBI and the military and medical industrial complex) is owned and controlled by the cabal.
Because the American government is a cesspool of idiots and corrupt people. The corrupt need the idiots. And the idiots are too happy to make a shit ton of money using the corrupt b/c they wouldn't cut it anywhere else.
Only thing is, chance alone should have 50% correct and 50% wrong. When it's all wrong, it's not chance any more. These people WANT these things to happen. These people PLAN for these things to happen.
Somebody said "In politics, nothing is left to chance", and I believe that especially that means the 'votes'.
It was HER F"ING JOB to understand the risks. Actually, I think she understood them very well and decided to go along to get along with her leftist puppet masters in trying to prop up Biden rather than doing her job for the American people. So her dilemma is to admit stupidity or malice. She is hoping everyone can believe her stupidity which is really easy to believe about a leftist bureaucrat.
As a political appointee, she can be expected to do what is politically expedient. Her admission of error is an exception to the rule--though she pays no price for it, in the administration or the media.
As a political appointee she is still paid by the American taxpayer and, I believe, gets sworn in to defend the Constitution, etc. She MUST BE EXPECTED to do what is right. Period. I do not grant her a single bit of cover due to the politicization of her office.
Because she did what she was told to do, lie to the public. These people don't report to elected leaders but those global elites who control banking institutions like the US Federal Reserve. Yellen is a highly paid puppet.
She FULLY KNEW what she was doing. I just do not understand how everyone at this point cannot see what is going on. The WEF and global cabal with the likes of Gates, Fauci, Soros etc, along with the CCP and the various agencies like the WHO, CDC etc, are executing the plan. People have to wake the F up. If I hear another pundit like Travis or Buck Sexton or Hannity or Carlson or Ingraham ask WHY is this happening OR worse yet call it incompetence I think I will puke.
They won't even allow mention of 2000 Mules, and that creep Cavuto recently had the opportunity to worship Fauci, the idiot telling Fauci how grateful he was for his four jabs, since his two subsequent infections would have been worse without jabs.
As time has went on I agree more and more. Cavuto was exposed long ago, and probably the most obvious hack on Fox now. I have seen Dinesh on several times talking about his documentary, and Carlson has done a feature on Fox nation on 2000 mules
Good to know they finally relented, but their initial ban on mentioning 2000 Mules was the last straw for me.
And it's the continual pretense that they just don't understand anything they write off as incompetence that makes me feel they are Deep State Wolves pretending to be Patriots.
I never paid for cable until I was 62, and I am cancelling it this month.
For now though, China Joe is on Tube saying " we can't fail America again and pushing an AR-15 ban and Red Flag law, along with Mental Health
Mental Health is Totalitarian BS, and involvement with shrink Nazis only makes troubled folk worse.
Listening to Travis and Buck show today got under my skin a bit hence my comment about be "tired" of anyone asking why or thinking this all is just incompetence. It's the opposite...it's 100% intentional. How EVERYone does not see it by simply "looking around" at what is happening is surreal to me. Now tonight the puppet is set to address the nation on GUNS. How timely it all is
Kristy Noem was just on Hannity, telling the truth: forty years of Biden " Screw Ups" revolving around the same bad policies has led her to believe he is lying when he claims to love America.
Hannity cut her off, and said he doesn't question China Joe's love for America...
I saw it as well. Hannity bugs me for sure on many levels, but I think he is a patriot at his core. The puppet on the other hand has marinated in the swamp for 50 years plus. Noem is dead on with him. I keep Fox at arms length these days...listen and read from many sources now
I like that. My husband had a boss at AT&T whose career advancement was due to, "Screw Up Move Up". Didn't understand her job at all, but got a promotion in a year. She knew nothing but she checked all the boxes. He was just glad she was put in charge of another group.
The goldstar benchmark of Corporate America now. Managing to manage the managers of managers.....it is a 21st century schizoid prophecy. But pays well!
What people keep forgetting is Yellen is simply doing as she is told as is the puppet. The puppeteers who put Brandon into the WH behind the curtain are executing an exact intended agenda. Yellen is not stupid as much as I would like to say...she is on point doing as she is told
I was a fool when he was running. I loved everything save for his foreign policy. Like Janet, "I WAS WRONG". I got duped, like everyone else that didn't vote for him because he was non-interventionist. But I'm just a dumb citizen. Janet is supposed to be smart, right?
Hate to be a downer, but I invest in energy for a living...there is a joke (that's not really a joke) going around in my circles right now: "Enjoy these low gas prices while they last!"
I think the option is to invest in something like Vanguard's Energy Index ETF, VDE... no minimum investment required, it's attainable for "retail investor" schmucks like you and I.
$10 gasoline is no longer a crazy idea. And just wait until you see what that does to inflation. That’ll bring out the pitchforks on the political front.
It does make me LAUGH! In the UK gas/fuel is already equal to $11+ for five litres! Yours in the US has always been SO cheap in comparison. Welcome to our world!
It's so refreshing to see all the comments here about the US economy - at least you all understand the mess you're in - even if the government doesn't.
I read that 65% of all the dollars in circulation have been printed since the start of Covid - well someone had to pay. It's the same in the UK, they just keep the print presses rolling - and we too have the inflation to prove it. Currently about 8%.
The US is technically BANKRUPT! You owe over THIRTY TRILLION DOLLARS and I think your GDP is about twenty-four trillion - you can never pay it back. You're BROKE! How can the biggest economy historically become the world's BIGGEST DEBTOR?
Meanwhile, I'm still trying to work out if this destruction of our currencies is deliberate and a way to herald the introduction of a centralised digital currency.
Saying the USA is bankrupt is like saying that one is personally bankrupt because one’s annual income right now is not sufficient to pay off tomorrow the entire mortgage of the family home. Apples and oranges. Its all about debt service and growth, which is why interest rates are so important.
Sorry but it's an economic standard of measurement - or was when I went to school. And I read that it's already costing the US $300 billion a year to finance the debt.
I agree about the importance of interest rates, it's a shame that savers have been abandoned in favour of debtors. Unfortunately our economic system feeds on debt and would collapse without it. But how are we to rely on perpetual growth on a finite planet to keep the wheels of our broken system turning...
Everybody knows inflation is caused by Putin and the SCOTUS repealing Roe V. Wade. Women were in high demand because they do the same job for less pay but now they will be forced to be pregnant all the time because that's how it was before Roe V. Wade. We will have to rely on more men transitioning into women to cut labor costs. This is a mess.
"I am old enough to remember when we had permanently banished the business cycle, until we hadn’t."
Alex, you win the internet today, just for this comment, IMHO! The number of Ph.D. types who do not understand simple economics is terrifying, simply because most of them currently work in positions of authority!
I have two years of college and worked in a bank for 15 years and I swear I have forgotten more than they will ever know! The combination of arrogance and ignorance is deadly and it is currently large and in charge...this doesn't end well for us, I'm afraid!
The combination of arrogance and ignorance has always been the worst combination, in my opinion. I can tolerate humble ignorance. I can tolerate, to a degree, arrogance in a person who is competent. But, arrogant ignoramuses drive me up a wall! We've got way too many of that latter group in our government at all levels.
Oh boy, do we ever!! Trudope is one of the worst, along with all of his bought cronies. Way overdue for some radical housecleaning in all forms of government, and in their insidious webs. I'll be the first in line with some pretty toxic cleaning solution.
Remember the list of Nobel Prize Winners who endorsed Biden's BBB plan back in September 2021 (WSJ reminded me today)? They all claimed it would be a cure for inflation. I guess no matter how smart you are, or what you learned, the Kool Aid is very powerful!
I started seeing this when I was working as an independent sales person for a very large cosmetic company. I was a sales director that trained women to sell products and make some side money. I had always felt a little bit less because I didn't have the piece of paper. I got over that real quick! Some of these ladies with law degrees, masters degrees and even one PhD were incredibly dumb, weak and incompetent. I would constantly remind them what it took for them to get their degrees to try to give them more confidence but it never worked. Selling cosmetics was too hard.....selling cosmetics was too hard. I seriously kept thinking over and over how college is making our society more dumb.
Arrogance and ignorance...I’ve used those words to describe a few bosses in my life. Never thought I’d be using it to describe an entire administration...
Why are ANY of these idiots still employed? She has almost always been wrong. The COVID idiots have, in fact, always been wrong. When do we stand up and demand something different? Alex, you have a big platform...what do you suggest? Seems milque-toasty to say "wait for an election and then die of old age:...
I'm convinced they aren't "idiots." I think this destruction is intentional. There's no way any person with two brain cells to rub together didn't know that inflation was a likely outcome of the Biden admin economic policy.
Of course they knew that, they just didn't care because their woke agenda was more important to them. In fact, just think of them as the Don't Care Administration.
My wife works for the Government Accountability Office. I tell people all the time that apparently that title is not an oxymoron. She does not like it when I say that. :-)
Meh, whoops! That’s why…virtually no accountability in our Government. It has become too big, and continues getting bigger. Corruption is at staggering levels.
And Harvard gave a standing ovation to graduation speaker and full-time fascist dictator Jacinda Ardern of New Zealand the other day. And to think that Harvard once showed signs of intelligent life . . .
Unfortunately 99% of the politicians spend like drunken sailors. What ever happened to being fiscally conservative? And F the fed. Ron Paul always has been right!
Hard to disagree with this. The phrases and adjectives that world leaders use are too coordinated for all of this not to have been planned for many years. And all it takes is going to the World Economic Forum website to read about it in their own words. Lots of wolves in sheep's clothing, too, especially with elections quickly approaching.
Everyone with half a brain saw inflation coming, except those invested in MMT. Historical data prove that you can't print money that has no intrinsic value, unabated for decades and not debase your currency. So, does Janet Yellen have half a brain, or is there another agenda here?
Brandon could solve the gas price issue with one stroke of the pen (well 2). Approve new drilling and get the Keystone Pipeline back under construction. But alas, this will not happen. it's an "incredible transition"!
but even if he did, both ae vulnerable to being cut off in the future by a new admin or rouge judge. The peak oil folks derived heir theory not from oil being scarce but oil resources being stranded. Guess how they expected those resources to be "stranded?"
1. Our national debt is higher as a proportion of the economy than ever (including two World Wars and The Great Depression)
2. Nobody knows what the magic number is where the economy crashes and ushers in a new dark age for the world (We're the largest consumer economy in the world. We're China's biggest customer, the pain will be global).
Be afraid. Be very afraid. Anyone who says it can't happen here should be challenged with, "why not? If we enact policies of a banana republic, how can we be immune to banana republic outcomes?"
These economic realities are FAR beyond the grasp of a compromised mainstream media being directed to focus on Johnny Depp and Amber Heard 24/7 as "the" story. Distract. Distract. Distract. What will be the newest distraction? Oh right, guns are bad and people who own them are simply awful people.
That Yellen admits she's an idiot was yesterday's big story. Today's big story are the charges against admitted vote harvesters in Arizona. We didn't have to go down this road...it was a planned diversion. Americans are realizing the lies more & more each day. Keep shining lights on the corruptocrats.
If you can get a home equity line or 0% balance transfer on credit cards i would do it in the next 2 wks. Get that debt down as fast as you can. Being nimble financially will get you through the next 2 yrs.
I have that T Mobile account and get 1% bare minimum but if you do 10 small transactions you get 4% up to 3k. If you pay mortgage from that you could conceivably have 0% mortgage. But 1% just for savings ain't bad right now. Look into I Bonds as well.
We are going to be in a world of hurt come this fall when Ukraine doesn't have any grain to export and there's no Russian oil being bought by western nations. And we haven't begun to feel the effects of the China shutdowns. Hang on people.
Can we just cut to the larger main point here? Biden Democrats are actively pursuing a collusatory agenda with the billionaires and the globalist corporatist cabal, that leverages the woke mob, that is fomenting social and economic chaos on purpose to support their Great Reset goals.
Karine Jean-Pierre was asked today "when are you guys going to admit you were wrong about inflation?"
Her response?
"The President's economic plan, as we see it, is working."
Yep. It is working. This was the plan all along. They are trying to make it too expensive for normal Americans to drive their cars. They are making it too expensive for people to have big houses that require lots of heat and air conditioning. They are making it too expensive for people to have their own cars so they will be forced into public transportation.
This is all part of the big plan for a "transition".
After the transition, you'll own nothing. And you'll be ruled by global government.
Just read a great biography of Salmon P. Chase, who among other things, was Lincoln's Secretary of the Treasury. He was responsible for the first "legal tender" currency. He financed, in part, the Union war effort by the printing of money. He knew, even back then, that this would cause inflation. He was very careful to supplement increasing the money supply with other measures such as what would today be called war bonds. That today's Dems saw no relationship between their spending and inflation is mind boggling. Thank God for the two Democratic senators who blocked the BBB bill, or things would even worse now -- much worse. Time to throw the rascals out!
P.S. The name of the book is "Salmon P. Chase: Lincoln's Vital Rival," by Walter Stahr. I highly recommend it. He was a most interesting man, deeply religious and strongly in favor of equal rights for African Americans.
Saw on CNN (do not question why I had it on I was at work eating dinner lol) and Biden said nothing he can do about rising gas and food prices. If you bitched about trump daily and then said nothing since Biden got elected, you truly suck.
If you weren't of driving age in the 70's, then you missed gas rationing, the misery index, and the Carter years " Malaise " ! Only this time, it'll be WAY worse!
She caused it when she was at the Fed and endorsed 'Quantitative Easing' - Fed Speak for creating new money .. 7 trillion dollars.. the government issues debt - say treasury notes - the Fed creates money and buys the government debt - yes one branch of our government issues debt and the other branch buys it..read The Lords of Easy Money - Leonard
The total balance sheets of the largest private banks in the US are larger than the fed balance sheet. The Fed is a dumping ground for bad bets made by private citizens. It is precisely 50 years of Anglo-Jewish libertarianism that has devastated the U.S. Until we are allowed to openly speak about who has imported these philosophies into the U.S the responses will be clueless.
Yellen is clueless because she was educated in the same echo-chamber.
Here is a fact you need to grasp. The total US gov debt is the sum of deficits of which 90% were generated to finance wars in the middle east and economic bailouts of creditors. Both these groups *tend to be the same people*.
The US government today has been largely taken over by demographic groups who have nothing to do with the actual U.S nor have any real roots in U.S history. You have a defacto alien take over where the native population is hardly able to even identify with whose in government…
In the libertarian utopia the government behaves as a passive watchman which reacts to the economy, it does not set policy to develop the economy. Once irrational self-interest manifests itself as compounding debt, the libertarians who are already bat-shit crazy turn full blown socialists or fascists.
In the case of socialism they suddenly want their ‘private property’ in the form of bad bonds and equities immediately taken over by the state at full value. In the case of fascism they demand a strong-man personality cult to impose austerity on the entire economy to prevent a hyper-inflation of their financial assets.
Over the last 50 years the American public has been placated into a passive-servile state through the consumption of suburban homes, cheap garbage media and imported left-overs of products the worlds factories cannot sell.
i love that economists like Robert Reich and Paul Krugman keep trying to convince us that THIS inflation is caused by corporate greed but they never include Pfizer and Moderna in that pool of corporate greed and neglect to mention that someone has to pay for all those "free" vaccines. have they suddenly forgotten everything they've ever known?
I barely passed 2 semesters of university economics (did great in finance though) and I’ve been WAY ahead of Yellen. Of course I go to the grocery store and buy gas.
How many Nobel prize winning economist signed into the notion that there would b no inflation? Was it 18, 19? Anytime you hear "experts say" or "research shows ", be very cautious
Yellen is a perfect Yale graduate flag-bearer for the Idiocracy. Her entire generation has gorged on immense wealth they did not earn and are determined to saddle with the next 5 generations with debts that can never be repaid.
Heck, aunt Janet could have simply talked to me (or just about anyone in manufacturing) for some insight into what was coming. But what do I know, I work in the real world and don't have a phd.
One day, you'll realize this is all part of the plan. The Ponzi scheme of pensions, social security, etc. is now actually over. The Fed tried to be the issuer and the buyer to no avail, except to contribute to runaway inflation. There's nothing they can do. Now you'll start to see governments all over the world defaulting, leading to a sovereign debt crisis. The plan is to convert government bonds into a payment plan...they'll simply service their bonds but will never repay them.
This will lead to the collapse of the West and China will become the financial capital of the world by 2032. To educate yourself, start reading Martin Armstrong who has invented the world's only real AI, called Socrates, which spits out over 1,100 reports a day.
Yellen knew exactly what path it would take. Anyone who has taken a basic ECON course did.
Her lay-on-the-sword announcement yesterday was bedded in market manipulation. They all front run their manufactured news to get rich at everyone's elses expense.
Yellen was receiving high-dollar speaking gigs from Goldman and others once they determined that she would get the nod for the position. It's all just a one big game they play to keep the money flowing to those at the top.
Politicians used to care about their legacy. Now it's just how much money they can amass during their tenure. All grounded in new age nihilism.
Heck, let's just wipe out some student debt. THAT'll fix it! The entire admin consists of lying ideologues. Except the WH installee who should be in a nursing home.
Alex, even I could see that coming and I have no background in economy - it's simple math. She should be fired along with all the self-serving Dems and Rhinos.
Fired? They'll probably give her a fat bonus for doing what they asked her to do, and taking the blame for it. She's an old woman at the end of her career and cashing in.
Understanding risk, or the basics of your job for that matter, is not a prerequisite for senior gov't work.
It should be basic in inflation theory that the cause is one of balance between "money" and production. If you read both clauses of Friedman's famous statement you would know that.
The Fed only knows to cause recession in order to reduce inflation...the recession cures inflation strategy relies on demand destruction by taking away income...no income, no purchases, no credit, no demand imbalance!
You could promote production growth (recession reduces production) while holding money supply constant or gently tighter. As production increases inflaton abates...but this is not what Fed can do...this is "Fiscal Policy" driven. It requires Executive and Legislative action and Fed cooperation.
Sad that we have Fed Promoting production/income destruction while Pres & Congress do the same.
What’s fascinating…we have been increasing SINCE Biden took office. Policies have consequences. This is not purely related to Russia - anyone claiming it is Russias fault is truly ignorant.
If she did not understand the risks, why is she still employed by the federal government?
Because competence is not a requisite to working for the Feds. In fact, it's often a disqualifier.
Normally, I'd give some credence to Hamlin's principal, which is never blame malevolence if it's possible to blame stupidity. However, by many statements now (lately JB has called the disaster a 'incredible transition' and there are other indications of pride in their disaster. Don't forget the war, that was also deliberate.) it is clear, that everything that they have done, Afghanistan, war with Russia, oil disaster, economy, disastrous inflation, was all PLANNED.
JB hates America. And so do the REST of the 'democrats'
I was hesitant at first to say this but I now do think that they really do hate America and all of us who actually appreciate America!
They hate Sovereignty.
They hate everything good about America
It's very clear that the 'republicans' hated Trump as much or more than 'democrats' John McCain called all of the patriots who came out of the woodwork after 2012 mid terms "crazies". And McCain also was among the first to pass the 'dossier' to as many as he could, starting the post election insurrection against Trump.
Very clear that the entire anti-Trump project was a successful insurrection, maybe that's why the 'democrats' (and select 'republicans', like McCarthy, Kinzinger, and Cheney among others) emphasized Jan 6 so much. Of course, it was a demonstration of what the State has in store for any patriot that is pro-Trump too. An effective demonstration too.
Trump was right to say McCain was no war hero, too.
He was a spoiled brat, son of an Admiral ,who ignored frequent reprimands to stop hot dogging his plane and eventually managed to get himself shot down.
He was also suspected of being the cause of a ship fire that cost lives.
Joe has no idea what he likes or does not. He is just a nasty, corrupt senile politician that does as he is told. That is why he was hired. What aggravates me a lot is that one’s now complaining that JB has horrendous policies, voted for this creep. Yes, crushing US is the plan and lots of willing participants. Now Dimon is worried? So he is telling us a tsunami is coming. One that he helped plan? Heard a progressive professor today say he was very uncomfortable with the word “truth”. This is where we are. Is the vaccine also doing brain damage?
Yes.
Good points my friend. Those who voted for this bunch have much to atone for.
I voted for him :(
Somewhat in my defense: I had watched Dems go totally bonkers regarding covid because they blamed everything on Trump. I really thought that if they were in control the pandemic narrative would shift. Boy was I wrong. I knew Joe would be incompetent; what I didn't realize was how deeply entrenched the Dem machine was with corporations and this whole global agenda. Most Rs aren't much better but I deeply regret my vote. Sorry, everyone....
I want to make clear, it's not a euphemism, it really does cross the blood brain barrier and wreak havoc in the brain.
I don't recall where the study was linked, maybe Alex's LewRockwell neighbor, Joe Mercola, although it could have been his other neighbor and nemesis, Dr. Malone.
I think that the vaccine damages every organ in the body. It certainly penetrates the blood-brain barrier. That comment above is pragmatic as well as political.
A relative of mine, who's cancer was in remission, had the cancer return with a vengeance. She died in April despite the best medical care. I blame the stupid doctor who recommended it (and the booster) And another relative, had mild senility really increase rapidly too. I've heard that there was some degradation before that I wasn't aware of, so it was already happening, but it's really taking away his mind now. It must be a particular horror to have this happen, it certainly is horrifying to watch/live.
Somebody was watching The Daily Wire last night!
I think that is a requisite to work for Brandon.
Bingo. Elites do indeed want to destroy Western society, so the self-destructive nature of the sanctions is no accident, and is a measure of their success. They are true believers in Anthropomorhic Global Warming (AGW) and other evils they attribute to over-population with "useless eaters." The only thing you missed was the role of the plandemic and the fake vaccines in population reduction. Their political philosophy was best expressed by Canadian globalist Maurice Strong's statement in 1992,
"What if a small group of world leaders were to conclude that the principal risk to the Earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it? The group's conclusion is 'no'. The rich countries won't do it. They won't change. So, in order to save the planet, the group decides: Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsibility to bring that about?"
I think many give the left too much credit. True they dislike America and what it stands for (freedom to be and to do what you wish without reliance on government). But, they are just incompetent ideologues bent on pushing a leftist agenda albeit a self destructive one. Delusional comes to mind for most of Biden's cabinet, staff. Joe is just an incompetent,
corrupt automaton. They actually believe their policies , decisions are making America better. Sadly, we haven't seen noth'n yet...its gonna get horrifically worse...be prepared.
Logic would tell us your correct, they're in the minority. But as we've seen in these riots and all these executive orders it doesn't really take a majority to overtake a country. Look at Cuba in the 60's Castro and Guverra's group was small but an American journalist played it up, by lying, that he a
was a great revolutionary forse. Hitler's beginnings were in beer halls, and Lennon didn't have as mass a following as folks think in the bolsheviks. It's about perception, lies, intimidation, and, as we see in our media, propeganda. You are all great Americans on these threads. WE must, as Americans stick together and hold true to the values passed down from our forefathers. Right now I'm not so sure party affiliation even matters.
I'm not an anarchist or a gun freak. But looking back at what the founding fathers put into the constitution and after reading "Common Sence" Thomas Paine, we need to put a fullcourt press on all pliticians to stop with retoric of gun control and all their "fixes" to the Constitution. Murder of or kids is horrible whats worse is when you use those same children as tools to push an agenda that sends us right back to where we escaped from, the Monarchy. We as citizens have a duty to our children to protect them from a tyranical government. When a man like JB is installed, illegally, in a position of absolute power and can wreck our lives with theorys and lies we had better be very aware of what really is at stake here. Steven King wrote a novel years ago called "The Dead Zone" where a man called Johnny Smith through a car accident aquired the ability to see the future when touching someone. There was alsoin the story line a ruthless, tyranical politician named Greg Stilson whos was running for President . Smith touched Stilson and found his intend was to nuke the world. Smith set out to assaninate him but as he had the rifle trained on the bastard Stilson grabs a 5 year old child and uses him for a sheild. Seems like a pretty good analogy to me. By the way Smith dies in the confrontation but as he's diyng he touches Stilson and he sees him losing in disgrace and eventually he takes his own life.
Hamlin is a too often used excuse to avoid admitting rich and powerful people who have said they want to change the world are using that wealth and power to do so through control of institutions and elected leaders. The incompetence angle is itself a tactic to promote using Hamlin versus looking too closely at what's being done. Yes there are some in government who are incompetent but the ones controlling key positions aren't incompetent they're corrupt. Usually that includes the presidency but in their desperation to prevent Trump from winning again and further damaging their plans they had little choice but to go with an old fuy with Alzheimers like problems. I believe Obama is running the administration via the back end and that would explain the choice of Joe Biden. Any other Democrat candidate may not have been willing to play president while actually allowing Obama to run/decide. Not only has he already dealt with Biden but Bidens more focused on getting his cutting of the $$$$ to be made than being the president. His mental state is a plus in that they probably are able to convince him that doing it this way is normal.
Yeah, look at Fauci -- he's never right but he's always certain of himself. And he's never fired. He'll be working in government until he's 100 years old. Even then, his wife will keep him "working" like they did in Weekend at Bernie's.
I’d be ashamed to be married to him! I guess money speaks VOLUMES - pun intended!
My sister was her college roommate at Georgetown. She seemed like a nice gal back then. Not sure how they met. He’s gotta be 10 years older than her. But yes, she seems to be complicit in all of his doings, given her position.
She's more than complicit! She wrote the super-evil "ethics-driven" guide for employers to coerce vax compliance! Not even joking.
Yikes!
Meray, that's wild (the roommates thing). I've been wondering lately if Fauci has kids? It would seem he'd be a little more aware of the damage he's done (along with other perps) if he did, but I'm sure it wouldn't stop his madness.
Nancy Pelosi has kids and grandkids. She seems like she could care less about anything but her own pursuits
I think they have three daughters. Guess it didn’t stop their madness!
Shame is not a factor. It is disgusting. Fauci is a life-term bureaucrat who figured out how to exploit the system. His wife could have left him years ago....but she has her hand in the pot also. This system needs to be overhauled.
Agreed!
Cheryl, are you aware of who his wife is and what she does? And if I planned this response properly I’d have the link...
You could still say it, and tell complainers to learn to use a search engine...
No, I don’t, so if you have the link please do send. Until recently, I never even heard mention of one. I could have searched too I guess so feel a bit stupid about that. I can’t even stand to type his name! Lol
Like "Dr" Jill does with FJB.
And when he retires, he'll be getting a pension for the rest of his life. All paid by you.
What's worse, is that when Fauci mouths off on CNN or MSNBC, it's taken at face value. If Alex Berenson or Dr. Malone says anything, all of their statements are "fact checked" by left wing "fact checkers" and are found to be "disinformation" (aka anything that goes against the left-wing MSM narrative).
The main disqualifier
The main disqualifier is that the FED should not exist at all. A private banking organization should have no authority to operate the monetary system at all. The government is obviously no good at it either. Psychopathic human greed and avarice knows no bounds. Therefore the foundational basis for the monetary system should not be subject to or dependent on any human manipulation.
This, however, is not allowed to be talked about.
But you are allowed to buy into the premise that the system is necessary and sound. And you are are to believe that only the best and pure-hearted people are running it. Then you are allowed to talk about it. You are encouraged to spend a lot of your precious life energy getting emotional about these soap opera characters that play their scripted roles. The system just needs some minor reforms and tweaking, you see, and perhaps shuffle the various characters around from time to time.
Ding ding ding! The founders knew, through experience, that politicians and bankers would ALWAYS find a reason to keep printing. That's why the Constitution says ONLY GOLD AND SILVER.
We went 100% off the gold standard in the early 70s. It's only taken them 50 years to ruin the dollar.
It started much sooner, with the Fed...
According to pre Biden stats, the dollar in your pocket is with 6 cents, pre Fed.
In reality, a candy bar selling for 5 cents in 1968 is now $1.49 and rising.
It's true, but until the '70s other governments could hold us accountable by trading their dollars for gold ($35/oz IIRC). Once Nixon fully broke the link, the banksters were able to kick it into full gear.
History repeats itself. Currency can "only" last 40-60 years without being backed by something of value. In 70s America moved off the Gold standard to... Oil. Wonder why we had those wars in the middle east 🤔
The Fed was an unexpected win for the Globalists, and all depravity in the world hinges on that all important coup.
It was established by the Constitution that, originally, the governments job was to collect taxes and protect the nation. Look how far we've fallen.
No, Colleen, the main disqualifier is being White. How she got past that, I don't know.
Woman, another protected group, I mean, class.
What's a woman?
Are there biologists here to answer your question?
I don't know. I didn't major in gender studies.
Agreed, but the legal term is protected class.
Not personally being critical, forearming you against nit picking Leftys.
My observation is supported by the observation that incompetents outnumber competents in government by a greater proportion than non-whites outnumber whites, if the latter is even the case at all.
Look at Lisa Cook, by any measure, the dumbest person ever confirmed to the Fed! She's a racist black female Marxist with NO monetary experience and only ONE publication to her name, which was entirely made-up (about the racism she sees everywhere, naturally) and withdrawn, iirc. But she squeaked by confirmation with Kamala's tie-breaker, very fitting. Not good. Not a sober choice. Sad for the actually qualified black women out there, but they're probably conservatives, so...
Oh, right. And then there's that urban legend, with nickname Brandon, who "got 81 million votes," although in the campaign he couldn't even fill a classroom with supporters. I guess you all mean like that non-white guy, right?
She's Jewish, for what it's worth - and the current head of the Fed is White as well (and not Jewish.)
I’m stumped. Religion signifies loyalty? Are we calling out those who call themselves Christian, Catholic, Muslim or atheist as siding with one another?
It wasn't the point I'm driving at, but Jews in America display obvious (and admirable) in-group loyalty and regard for Jewish interests. Catholics, to take one of your examples, have demonstrated this far less. I don't have an explanation for that, except that possibly most Catholics would see themselves as Italian-American or Polish-American before their religious hyphenation.
What do you conclude from that?
That being White isn't a barrier to being in charge of the Fed.
White, Jewish, Black, Muslim, Rich, Poor, Middle, believe it does not matter any more what box you fill. Although they do tell us it matters. I think we are learning to go by what they preach, speak, live by, practice. Yup. That's how we will judge character after this debacle.
Agreed! And she was a total screw up last time, too!
If people don't believe that intelligence is a disqualifier for working with the government, I guess they haven't looked at the current administration. My bet is that these same people blame Russia for our high fuel costs.
Before Russia, the high fuel costs were due to the Colonial Pipeline hack. Remember when high prices were blamed on chip shortages, ships backed up at the ports, and covid? When you print money, you get inflation. Period. The End. That's it. All the other reasons are mostly BS. Transitory inflation???? Pfff.
We knew. Alex knew. Zero Hedge knew. The Fed knew. China knew. This is a manufactured crisis.
Absolutely. This was a power grab by Big Tech, Big Pharma, The mainstream media, and the Democrat Party. Plain and simple. All these BS reasons for inflation are all just spin. Easy money = inflation.
Yes! You learned this in econ 101...
I could not disagree more. Stupid is not a synonym for evil
...and that is why the proxy war with Russia is being funded for as long as possible...a never ending scapegoat for the dems.
🎯
Ding!!!!! 🎯🎯🎯🎯🎯🎯
They are chosen by one criteria: are they willing to play ball? Playing ball means being a professional propagandist, lying about what the Fed does, why it does it, and for whom it does it.
They are not chosen for knowledge.
Besides, the notion that a central entity can better determine the price if money (interest rates are just a price) better than the supply and demand for money, is no less absurd than thinking they could better determine the price of refrigerators.
The Fed creates inflation, so the notion that it fights inflation is like saying the government fights budget deficits. It’s so preposterous that it only shows one thing: most people, even smart ones, have no comprehension of what center banking is all about. And it allows the government to steal and confiscate on a scale so great that if people did understand it, there would be a revolution.
Observe that the job of the Fed Chair and the Fed Governors is to travel around giving speeches (spewing propaganda) that the media obligingly disseminates.
It’s a scam.
It's not just "play ball" on economics. It's "play ball" on everything: Roe v. Wade, gun control, "transgenderism," climate change, "systemic racism."
Have you noticed how every cabinet secretary weighs in on every issue--invoking one of these talking points.
I'm now awaiting Buttigieg's comment on packing SCOTUS, and the first woman of Norwegian descent to be Interior secretary to talk about baby formula.
These people are so shallow.
Buttigieg...packing....🤣
Oh my.
I'd say "ooops" but I rather enjoy that.
You mean enjoy that JOKE.
Sorry RioR, I have daughters, I'm used to swooping in and saving them from an unwitting double entendre!
Good dad!
Steven Crowder (Louder with Crowder) has a special pronunciation for Buttigieg. I have to hesitate to make sure I pronounce it correctly. 😂
Two gays and two lesbians are racing to China Joe's oceanfront property.
Who will get there first
?
The girls will, they will get there lickety split, while the gays are still packing sh-t.
Alex's neighbor on LewRockwell.com, Mises.org, will send you, free of charge, a hardbound book laying the BS bare, and explaining economic reality in layman's terms.
I think they are full of crap on military preparedness, but the economics part of their mission is solid.
Her incompetence while sitting in one of the most powerful financial seats in the country is absolutely insane. While they don’t directly control inflation, they do directly have influence.
When you control the 'printing' of money, and you don't control it, it's deliberate.
She understands what happens when you increase the amount of U.S. dollars in circulation. It is why counterfeiting is illegal.
^ counterfeiting is illegal unless our government prints a dollar with a diminishing value.
Fair point of view. Stagflation is where we are at now. Perhaps it is intentional, perhaps these clowns are following an agenda…either way, they are needing nothing less than to be put in prison.
Yup!
I we all don't understand by now that our governments are being run by kleptocratic fascist wanna-be's who would prefer each nation reaches maximum destabilization or worse then what do we understand? Have been in touch with people around the world who believe the time to stand up and say Hell no was at least two years ago. And if our governments aren't bad enough our corporations and institutions are worse. The Davos WEF crowd is worse still.
Democrats, like Yellen, who staff Democratic administrations, rotate back to universities (as if an airplane in a holding pattern), while waiting out Republican administrations. They've no real-world experience in the economy, in the private sector, where profits matter, where layoffs occur, where the unemployed find work, where taxpayer-voters make their livelihoods and live their lives. She makes judgments by looking at data but suffers no consequences for being wrong--meanwhile, the rest of us suffer consequences for her being wrong.
I did ponder whether Yellen could run a small business such as a bakery or ice cream parlor. I concluded that the answer was "No".
She absolutely understood the risks... of not repeating the lies that the Biden Administration have been feeding us. If she told the truth, she would have gotten Hillaried.
Because the Federal Reserve is privately owned by the cabal. The US isn't a democracy and hasn't been since 1913 when the Fed was created. The entire Deep State (CIA, FBI and the military and medical industrial complex) is owned and controlled by the cabal.
Because the American government is a cesspool of idiots and corrupt people. The corrupt need the idiots. And the idiots are too happy to make a shit ton of money using the corrupt b/c they wouldn't cut it anywhere else.
We have bingo here...
Just like the land of “ misfit toys”. 🎅🎄
Peter Principle! Time to reread that book.
Only thing is, chance alone should have 50% correct and 50% wrong. When it's all wrong, it's not chance any more. These people WANT these things to happen. These people PLAN for these things to happen.
Somebody said "In politics, nothing is left to chance", and I believe that especially that means the 'votes'.
I’ll look it up! Thx
A true classic, along with Taylor Caldwell's intro to reality, Captains and the Kings.
Read it, and find out what the Civil War was really about.
Hint: NOT slavery.
It was HER F"ING JOB to understand the risks. Actually, I think she understood them very well and decided to go along to get along with her leftist puppet masters in trying to prop up Biden rather than doing her job for the American people. So her dilemma is to admit stupidity or malice. She is hoping everyone can believe her stupidity which is really easy to believe about a leftist bureaucrat.
As a political appointee, she can be expected to do what is politically expedient. Her admission of error is an exception to the rule--though she pays no price for it, in the administration or the media.
As a political appointee she is still paid by the American taxpayer and, I believe, gets sworn in to defend the Constitution, etc. She MUST BE EXPECTED to do what is right. Period. I do not grant her a single bit of cover due to the politicization of her office.
Because she did what she was told to do, lie to the public. These people don't report to elected leaders but those global elites who control banking institutions like the US Federal Reserve. Yellen is a highly paid puppet.
Obama loves her. That is why.
She FULLY KNEW what she was doing. I just do not understand how everyone at this point cannot see what is going on. The WEF and global cabal with the likes of Gates, Fauci, Soros etc, along with the CCP and the various agencies like the WHO, CDC etc, are executing the plan. People have to wake the F up. If I hear another pundit like Travis or Buck Sexton or Hannity or Carlson or Ingraham ask WHY is this happening OR worse yet call it incompetence I think I will puke.
Fox is as Deep State as any of them.
They won't even allow mention of 2000 Mules, and that creep Cavuto recently had the opportunity to worship Fauci, the idiot telling Fauci how grateful he was for his four jabs, since his two subsequent infections would have been worse without jabs.
TV melts your brain.
As time has went on I agree more and more. Cavuto was exposed long ago, and probably the most obvious hack on Fox now. I have seen Dinesh on several times talking about his documentary, and Carlson has done a feature on Fox nation on 2000 mules
Good to know they finally relented, but their initial ban on mentioning 2000 Mules was the last straw for me.
And it's the continual pretense that they just don't understand anything they write off as incompetence that makes me feel they are Deep State Wolves pretending to be Patriots.
I never paid for cable until I was 62, and I am cancelling it this month.
For now though, China Joe is on Tube saying " we can't fail America again and pushing an AR-15 ban and Red Flag law, along with Mental Health
Mental Health is Totalitarian BS, and involvement with shrink Nazis only makes troubled folk worse.
Listening to Travis and Buck show today got under my skin a bit hence my comment about be "tired" of anyone asking why or thinking this all is just incompetence. It's the opposite...it's 100% intentional. How EVERYone does not see it by simply "looking around" at what is happening is surreal to me. Now tonight the puppet is set to address the nation on GUNS. How timely it all is
But no mention of the real disaster, the Anti Response of the local Storm Troopers.
So far, all that has happened is the induction of the Storm Trooper Chief to the
City Commission.
Kristy Noem was just on Hannity, telling the truth: forty years of Biden " Screw Ups" revolving around the same bad policies has led her to believe he is lying when he claims to love America.
Hannity cut her off, and said he doesn't question China Joe's love for America...
Fox Sux.
I saw it as well. Hannity bugs me for sure on many levels, but I think he is a patriot at his core. The puppet on the other hand has marinated in the swamp for 50 years plus. Noem is dead on with him. I keep Fox at arms length these days...listen and read from many sources now
Bingo CSFurious
And your name CSFurious is spot on.I hope your a neurosurgeon.😉
People often fail up the ladder. It's the "Peter Principle".
In government and large corporations, we call it "Screw up, Move up !"
I like that. My husband had a boss at AT&T whose career advancement was due to, "Screw Up Move Up". Didn't understand her job at all, but got a promotion in a year. She knew nothing but she checked all the boxes. He was just glad she was put in charge of another group.
The goldstar benchmark of Corporate America now. Managing to manage the managers of managers.....it is a 21st century schizoid prophecy. But pays well!
Yellan is probably very close to being in the same mental state as our boy Brandon.
What people keep forgetting is Yellen is simply doing as she is told as is the puppet. The puppeteers who put Brandon into the WH behind the curtain are executing an exact intended agenda. Yellen is not stupid as much as I would like to say...she is on point doing as she is told
She is paid by me (taxpayer). Not the puppeteers. I preferred to think of her as stupid rather than scum. I guess she can be stupid scum.
😆
Yes she is paid by "we the people", but a puppet of the puppeteers. She is told what to say and do
Scum anyway you shake it
Anyone they can manipulate.
She can't really be that stupid.
Ron Paul has warned us about the FED and their horrible policies for decades. Too bad everyone accepted the media line on him...
RON PAUL 2024!!!
I was a fool when he was running. I loved everything save for his foreign policy. Like Janet, "I WAS WRONG". I got duped, like everyone else that didn't vote for him because he was non-interventionist. But I'm just a dumb citizen. Janet is supposed to be smart, right?
Hate to be a downer, but I invest in energy for a living...there is a joke (that's not really a joke) going around in my circles right now: "Enjoy these low gas prices while they last!"
The big oil companies are focused on dividends and buybacks. The whole drilling for oil thing is a sideline now.
if the risk of any long term project is to get "keystoned" where would you suggest they focus?
It’s a rational response.
Any advice?
Don't commit suicide and pray.
Prayer is my go-to!
So you're suggesting buying oil futures?
I think the option is to invest in something like Vanguard's Energy Index ETF, VDE... no minimum investment required, it's attainable for "retail investor" schmucks like you and I.
Already pretty heavy into that one. One of the only funds I am still above water on .....thanks !
Yikes, really? How high are you guessing prices will go?
$10 gasoline is no longer a crazy idea. And just wait until you see what that does to inflation. That’ll bring out the pitchforks on the political front.
It does make me LAUGH! In the UK gas/fuel is already equal to $11+ for five litres! Yours in the US has always been SO cheap in comparison. Welcome to our world!
It's so refreshing to see all the comments here about the US economy - at least you all understand the mess you're in - even if the government doesn't.
I read that 65% of all the dollars in circulation have been printed since the start of Covid - well someone had to pay. It's the same in the UK, they just keep the print presses rolling - and we too have the inflation to prove it. Currently about 8%.
The US is technically BANKRUPT! You owe over THIRTY TRILLION DOLLARS and I think your GDP is about twenty-four trillion - you can never pay it back. You're BROKE! How can the biggest economy historically become the world's BIGGEST DEBTOR?
Meanwhile, I'm still trying to work out if this destruction of our currencies is deliberate and a way to herald the introduction of a centralised digital currency.
Saying the USA is bankrupt is like saying that one is personally bankrupt because one’s annual income right now is not sufficient to pay off tomorrow the entire mortgage of the family home. Apples and oranges. Its all about debt service and growth, which is why interest rates are so important.
Sorry but it's an economic standard of measurement - or was when I went to school. And I read that it's already costing the US $300 billion a year to finance the debt.
I agree about the importance of interest rates, it's a shame that savers have been abandoned in favour of debtors. Unfortunately our economic system feeds on debt and would collapse without it. But how are we to rely on perpetual growth on a finite planet to keep the wheels of our broken system turning...
Because the planet isn’t finite. I refer you to the late great Julian Simon. Human ingenuity is inexhaustible
Everybody knows inflation is caused by Putin and the SCOTUS repealing Roe V. Wade. Women were in high demand because they do the same job for less pay but now they will be forced to be pregnant all the time because that's how it was before Roe V. Wade. We will have to rely on more men transitioning into women to cut labor costs. This is a mess.
With apologies to Union Pacific, this administration is a train wreck.
LOL!!
I was alive when the peanut farmer was the last time we had a clueless president.
To be fair, Carter didn't have dementia.
But when Biden was elected, I said, Damn. It's Carter all over again.
Now? We have a demented president who is a mere figurehead for the socialists who are pulling the strings.
ALL BIDEN POLICIES ARE DELIBERATE. None of this is an accident.
FDR had a "brains trust." Brandon has a brainless trust. They believe all this foolishness is good policy.
I’d vote for the peanut farmer over this schmuck any day.
At this point, the peanut farmer is way above this schmuck...not to mention VP Giggling Dipshit.
Priceless! Lol
Rosie…..What you just said, I’m printing out and putting on the wall and will genuflect when quietly passing by.
Made me laugh. Thx
Huh?
Perhaps that now deleted comment was from some troll.
"I am old enough to remember when we had permanently banished the business cycle, until we hadn’t."
Alex, you win the internet today, just for this comment, IMHO! The number of Ph.D. types who do not understand simple economics is terrifying, simply because most of them currently work in positions of authority!
I have two years of college and worked in a bank for 15 years and I swear I have forgotten more than they will ever know! The combination of arrogance and ignorance is deadly and it is currently large and in charge...this doesn't end well for us, I'm afraid!
The combination of arrogance and ignorance has always been the worst combination, in my opinion. I can tolerate humble ignorance. I can tolerate, to a degree, arrogance in a person who is competent. But, arrogant ignoramuses drive me up a wall! We've got way too many of that latter group in our government at all levels.
Oh boy, do we ever!! Trudope is one of the worst, along with all of his bought cronies. Way overdue for some radical housecleaning in all forms of government, and in their insidious webs. I'll be the first in line with some pretty toxic cleaning solution.
Actually it’s a trifecta: arrogant, ignorant ideologues
Remember the list of Nobel Prize Winners who endorsed Biden's BBB plan back in September 2021 (WSJ reminded me today)? They all claimed it would be a cure for inflation. I guess no matter how smart you are, or what you learned, the Kool Aid is very powerful!
I started seeing this when I was working as an independent sales person for a very large cosmetic company. I was a sales director that trained women to sell products and make some side money. I had always felt a little bit less because I didn't have the piece of paper. I got over that real quick! Some of these ladies with law degrees, masters degrees and even one PhD were incredibly dumb, weak and incompetent. I would constantly remind them what it took for them to get their degrees to try to give them more confidence but it never worked. Selling cosmetics was too hard.....selling cosmetics was too hard. I seriously kept thinking over and over how college is making our society more dumb.
Arrogance and ignorance...I’ve used those words to describe a few bosses in my life. Never thought I’d be using it to describe an entire administration...
Why are ANY of these idiots still employed? She has almost always been wrong. The COVID idiots have, in fact, always been wrong. When do we stand up and demand something different? Alex, you have a big platform...what do you suggest? Seems milque-toasty to say "wait for an election and then die of old age:...
I'm convinced they aren't "idiots." I think this destruction is intentional. There's no way any person with two brain cells to rub together didn't know that inflation was a likely outcome of the Biden admin economic policy.
That just makes an even stronger argument for having them purged now. There are tens of millions of us and a handful of them.
Of course they knew that, they just didn't care because their woke agenda was more important to them. In fact, just think of them as the Don't Care Administration.
My wife works for the Government Accountability Office. I tell people all the time that apparently that title is not an oxymoron. She does not like it when I say that. :-)
Meh, whoops! That’s why…virtually no accountability in our Government. It has become too big, and continues getting bigger. Corruption is at staggering levels.
Remember: these people are the product of our elite universities ... Couldn't manage their way out of a wet paper bag.
So now they want to forgive student loans...while these elite universities sit on endowments into hundreds of millions.
Billions. The 'elite' universities are sitting on BILLIONS in endowments.
And Harvard gave a standing ovation to graduation speaker and full-time fascist dictator Jacinda Ardern of New Zealand the other day. And to think that Harvard once showed signs of intelligent life . . .
We had Nancy Pelosi speak at Brown University the other day up in my neck of the woods, and yes, my fellow Eileen, it is indeed vomit inducing 🤮
OMG...not Pelosi? Are there no more fine institutions to look up to? Very sad. And yes, Eileen is such a great name right? Half Irish, I am!
The Marxist March through the academic institutions has been fulfilled, sadly.
Eileen is a great name! I liked it because it wasn’t that common in my generation (tail end boomer) Half Irish ☘️ here too!
Vomit inducing.
Omg...I hadn't heard about that...beyond insane...
Unfortunately 99% of the politicians spend like drunken sailors. What ever happened to being fiscally conservative? And F the fed. Ron Paul always has been right!
You are being very unfair to drunken sailors, who spend their OWN money.
Haha as a former drunken sailor, I agree.
Nobody saw this coming. NOBODY!!!!! Also, why didn't you warn us about the vaccine?
Isn’t this fun??
What if it’s all theater, Alex?
We’ve known for decades the debt could not be repaid. The “plandemic” was perfect cover to:
- wreck the economy,
- go to digital passports,
- establish world societal control,
- loss of personal autonomy
In other words: it was all a pretext for the “Great Reset”
Instead there’s also a Great Awakening because not everyone is a MSM sheep
Hard to disagree with this. The phrases and adjectives that world leaders use are too coordinated for all of this not to have been planned for many years. And all it takes is going to the World Economic Forum website to read about it in their own words. Lots of wolves in sheep's clothing, too, especially with elections quickly approaching.
Everyone with half a brain saw inflation coming, except those invested in MMT. Historical data prove that you can't print money that has no intrinsic value, unabated for decades and not debase your currency. So, does Janet Yellen have half a brain, or is there another agenda here?
Brandon could solve the gas price issue with one stroke of the pen (well 2). Approve new drilling and get the Keystone Pipeline back under construction. But alas, this will not happen. it's an "incredible transition"!
but even if he did, both ae vulnerable to being cut off in the future by a new admin or rouge judge. The peak oil folks derived heir theory not from oil being scarce but oil resources being stranded. Guess how they expected those resources to be "stranded?"
The Great Transition Forward.
The following two things are simultaneously true:
1. Our national debt is higher as a proportion of the economy than ever (including two World Wars and The Great Depression)
2. Nobody knows what the magic number is where the economy crashes and ushers in a new dark age for the world (We're the largest consumer economy in the world. We're China's biggest customer, the pain will be global).
Be afraid. Be very afraid. Anyone who says it can't happen here should be challenged with, "why not? If we enact policies of a banana republic, how can we be immune to banana republic outcomes?"
These economic realities are FAR beyond the grasp of a compromised mainstream media being directed to focus on Johnny Depp and Amber Heard 24/7 as "the" story. Distract. Distract. Distract. What will be the newest distraction? Oh right, guns are bad and people who own them are simply awful people.
That Yellen admits she's an idiot was yesterday's big story. Today's big story are the charges against admitted vote harvesters in Arizona. We didn't have to go down this road...it was a planned diversion. Americans are realizing the lies more & more each day. Keep shining lights on the corruptocrats.
Well, at least she didn't blame Putin.
If you can get a home equity line or 0% balance transfer on credit cards i would do it in the next 2 wks. Get that debt down as fast as you can. Being nimble financially will get you through the next 2 yrs.
Yet if you're sitting in cash you're getting hammered too. That's what is so frustrating for savers.
Feature, not a bug. They want you shoving that cash into the financial markets to beat inflation.
I have that T Mobile account and get 1% bare minimum but if you do 10 small transactions you get 4% up to 3k. If you pay mortgage from that you could conceivably have 0% mortgage. But 1% just for savings ain't bad right now. Look into I Bonds as well.
With inflation you're still going backwards but it's better than nothing.
that's why I said I Bonds. Min investment of 10k but gives your cash a fighting chance.
I like I bonds but wish they'd raise it to $100K.
By Fall 2022, $5/gallon will be looking pretty good....
$5/gallon is already cheap compared to prices where I live. I paid $6.63 the last time I filled up.
California? Yes, there are places where it ($5) already looks good.
We are going to be in a world of hurt come this fall when Ukraine doesn't have any grain to export and there's no Russian oil being bought by western nations. And we haven't begun to feel the effects of the China shutdowns. Hang on people.
Can we just cut to the larger main point here? Biden Democrats are actively pursuing a collusatory agenda with the billionaires and the globalist corporatist cabal, that leverages the woke mob, that is fomenting social and economic chaos on purpose to support their Great Reset goals.
How is this not treasonous?
You nailed it. And yes, it is treason.
Karine Jean-Pierre was asked today "when are you guys going to admit you were wrong about inflation?"
Her response?
"The President's economic plan, as we see it, is working."
Yep. It is working. This was the plan all along. They are trying to make it too expensive for normal Americans to drive their cars. They are making it too expensive for people to have big houses that require lots of heat and air conditioning. They are making it too expensive for people to have their own cars so they will be forced into public transportation.
This is all part of the big plan for a "transition".
After the transition, you'll own nothing. And you'll be ruled by global government.
I wish you weren’t right, but you are.
Just read a great biography of Salmon P. Chase, who among other things, was Lincoln's Secretary of the Treasury. He was responsible for the first "legal tender" currency. He financed, in part, the Union war effort by the printing of money. He knew, even back then, that this would cause inflation. He was very careful to supplement increasing the money supply with other measures such as what would today be called war bonds. That today's Dems saw no relationship between their spending and inflation is mind boggling. Thank God for the two Democratic senators who blocked the BBB bill, or things would even worse now -- much worse. Time to throw the rascals out!
P.S. The name of the book is "Salmon P. Chase: Lincoln's Vital Rival," by Walter Stahr. I highly recommend it. He was a most interesting man, deeply religious and strongly in favor of equal rights for African Americans.
It's stunning how bad it's been since Biden took office. I knew it would be hot air and fluff and damage to some extent but wow I never imagined this.
Would you hire a single one from this Adm, to work in your business?? Anyone? Anyone? Bueller?
We are being governed by idiots and they are all now in plain sight.
Have the EXPERTS been right about anything the past couple of years.
I mean ... anything????
Centuries? Or millennia?
Saw on CNN (do not question why I had it on I was at work eating dinner lol) and Biden said nothing he can do about rising gas and food prices. If you bitched about trump daily and then said nothing since Biden got elected, you truly suck.
If you weren't of driving age in the 70's, then you missed gas rationing, the misery index, and the Carter years " Malaise " ! Only this time, it'll be WAY worse!
She caused it when she was at the Fed and endorsed 'Quantitative Easing' - Fed Speak for creating new money .. 7 trillion dollars.. the government issues debt - say treasury notes - the Fed creates money and buys the government debt - yes one branch of our government issues debt and the other branch buys it..read The Lords of Easy Money - Leonard
It doesn’t work like that.
The total balance sheets of the largest private banks in the US are larger than the fed balance sheet. The Fed is a dumping ground for bad bets made by private citizens. It is precisely 50 years of Anglo-Jewish libertarianism that has devastated the U.S. Until we are allowed to openly speak about who has imported these philosophies into the U.S the responses will be clueless.
Yellen is clueless because she was educated in the same echo-chamber.
Here is a fact you need to grasp. The total US gov debt is the sum of deficits of which 90% were generated to finance wars in the middle east and economic bailouts of creditors. Both these groups *tend to be the same people*.
The US government today has been largely taken over by demographic groups who have nothing to do with the actual U.S nor have any real roots in U.S history. You have a defacto alien take over where the native population is hardly able to even identify with whose in government…
In the libertarian utopia the government behaves as a passive watchman which reacts to the economy, it does not set policy to develop the economy. Once irrational self-interest manifests itself as compounding debt, the libertarians who are already bat-shit crazy turn full blown socialists or fascists.
In the case of socialism they suddenly want their ‘private property’ in the form of bad bonds and equities immediately taken over by the state at full value. In the case of fascism they demand a strong-man personality cult to impose austerity on the entire economy to prevent a hyper-inflation of their financial assets.
Over the last 50 years the American public has been placated into a passive-servile state through the consumption of suburban homes, cheap garbage media and imported left-overs of products the worlds factories cannot sell.
As everyone knows, inflation is caused by too many Putins chasing too few margaritas.
Thanks for the laugh.
They are going to drain 401ks that are invested in the stock market. Just like 2008 but WORSE.
Yelln’ Yellen, is the first to fall on the sword from this administration……who’s next?
i love that economists like Robert Reich and Paul Krugman keep trying to convince us that THIS inflation is caused by corporate greed but they never include Pfizer and Moderna in that pool of corporate greed and neglect to mention that someone has to pay for all those "free" vaccines. have they suddenly forgotten everything they've ever known?
I barely passed 2 semesters of university economics (did great in finance though) and I’ve been WAY ahead of Yellen. Of course I go to the grocery store and buy gas.
How many Nobel prize winning economist signed into the notion that there would b no inflation? Was it 18, 19? Anytime you hear "experts say" or "research shows ", be very cautious
Yellen is a perfect Yale graduate flag-bearer for the Idiocracy. Her entire generation has gorged on immense wealth they did not earn and are determined to saddle with the next 5 generations with debts that can never be repaid.
Funny, EVERYONE I know saw this coming.
Heck, aunt Janet could have simply talked to me (or just about anyone in manufacturing) for some insight into what was coming. But what do I know, I work in the real world and don't have a phd.
Look at that woman lie! Stares right into the camera and doesn't crack a smile! She really has some talent there, it's clear to see.
I don't think it was a accident though.
Pretty sure.
Pretty damned sure, because you cannot make EVERY SINGLE DECISION WRONG, unless you are TRYING.
Biden hates America, and so do the 'democrats'.
One day, you'll realize this is all part of the plan. The Ponzi scheme of pensions, social security, etc. is now actually over. The Fed tried to be the issuer and the buyer to no avail, except to contribute to runaway inflation. There's nothing they can do. Now you'll start to see governments all over the world defaulting, leading to a sovereign debt crisis. The plan is to convert government bonds into a payment plan...they'll simply service their bonds but will never repay them.
This will lead to the collapse of the West and China will become the financial capital of the world by 2032. To educate yourself, start reading Martin Armstrong who has invented the world's only real AI, called Socrates, which spits out over 1,100 reports a day.
Exactly as Joey Carter (or his handlers) planned.
They wanted inflation all along. And they got it.
Yellen knew exactly what path it would take. Anyone who has taken a basic ECON course did.
Her lay-on-the-sword announcement yesterday was bedded in market manipulation. They all front run their manufactured news to get rich at everyone's elses expense.
Yellen was receiving high-dollar speaking gigs from Goldman and others once they determined that she would get the nod for the position. It's all just a one big game they play to keep the money flowing to those at the top.
Politicians used to care about their legacy. Now it's just how much money they can amass during their tenure. All grounded in new age nihilism.
Heck, let's just wipe out some student debt. THAT'll fix it! The entire admin consists of lying ideologues. Except the WH installee who should be in a nursing home.
Alex, even I could see that coming and I have no background in economy - it's simple math. She should be fired along with all the self-serving Dems and Rhinos.
Fired? They'll probably give her a fat bonus for doing what they asked her to do, and taking the blame for it. She's an old woman at the end of her career and cashing in.
Well, you're lucky you have the feds. Here we have the EU. Guess what you do when petrol prices go up? Ban Russian oil, because that will show them...
Understanding risk, or the basics of your job for that matter, is not a prerequisite for senior gov't work.
It should be basic in inflation theory that the cause is one of balance between "money" and production. If you read both clauses of Friedman's famous statement you would know that.
The Fed only knows to cause recession in order to reduce inflation...the recession cures inflation strategy relies on demand destruction by taking away income...no income, no purchases, no credit, no demand imbalance!
You could promote production growth (recession reduces production) while holding money supply constant or gently tighter. As production increases inflaton abates...but this is not what Fed can do...this is "Fiscal Policy" driven. It requires Executive and Legislative action and Fed cooperation.
Sad that we have Fed Promoting production/income destruction while Pres & Congress do the same.
Exactly! Simple supply and demand. No one working to fix supply.
Biden cut the amount of Federal oil leases by 10% since he took office.
Sadly, I check this everyday —> https://www.gasbuddy.com/charts
What’s fascinating…we have been increasing SINCE Biden took office. Policies have consequences. This is not purely related to Russia - anyone claiming it is Russias fault is truly ignorant.
The camera shot of your monitor (?) showing the tweet is what did it for me
The COVID Cult Did Lasting Damage to Our Kids
New ‘discoveries’ of the harm caused by school closures are as disingenuous and politically motivated as the original policies themselves
By Alex Gutentag
Read Article: https://www.tabletmag.com/sections/news/articles/the-covid-cult-did-lasting-damage-to-our-kids
Janet Yellen downplayed the housing bubble that was occurring when she was Head of the Fed Reserve Bank in San Francisco from 2004 - 2010.
https://www.reuters.com/article/us-usa-fed-yellen-insight/insight-yellen-feared-housing-bust-but-did-not-raise-public-alarm-idUKBRE99T05G20131030