Want to see how crazy the Federal Reserve is? Listen to the last head Yellen!
- Janet Yellen (CNBC Credit)
"If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C.
Sounds like a great way to enrich the banks at the expense of 99% of the people. Let's cut spending on the people who worked hard and paid into their retirement while raising interest rates and taxes! Thank god she is not part of the Federal Reserve anymore, she talks like a crooked banker, oh wait she is and always was!
What great way to tank an economy just like the last time they tried pulling this scam! Inflation = THEFT and it only serves the central banks, Wall Street and the top 1% richest people in the world who own the US Treasury Bond market. How could anyone ever think this is a good idea?
While interest rates have been low, we have seen an economic boom, mainly due to the fact that inflation is near non existent. The Federal Reserve wants to "slow down" and "cool off" the economy by "tightening" (raising interest rates). THIS is why fiat currency is a scam and what better day for her to say this than the day Bitcoin's Whitepaper was released (10 years ago)! Funny right as the housing market THEY created died, Satoshi was releasing Bitcoin!
Anyone who thinks these "experts" should be in charge of OUR money is insane! #FuckTheFed is my slogan and it sure is proving to be a good one!
Well she should lead by example. Give her only the wealth of the least wealthy, the same opportunities as the least retiree and have her survive in the same place as the least poorest retired person. She should lead by example if she isn't ready to do so she needs to be fired and removed from any kind of influence and power on the spot. It's very dangerous and we need a change from that kind corruption. To say shes disconnected from the people would be only partly true, I truly think she and others around her don't care. It's greed by any means they can get away with. What shes saying is what they are all thinking.
Oh we fired her ass a while back, Jerome Powell is head of the Federal Reserve now she just wishes she still mattered and could do this. As much as I hate the fed, Powell at least is not trying to do what she wants. He has stated things that are insane but not as bat shit crazy insane as Yellen. He realizes if they raise rates too much it will destroy the recovery and they would then blame Trump not Powell and the Federal Reserve. Stupid sheep keep thinking the president is in charge lol. No it is the central bankers, wallstreet and federal reserve in charge I can assure you of that!
Congratulations @bigdeej! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
This post has received a 6.25% upvote from @kennybrown!
Want more views to reach your posts? Try BlockGators Army Advertising Network
If you like what I do please consider delegating 100+ steempower to @kennybrown. If you would like to join you can also send 2 Steem to @kennybrown for a 30-day subscription. All revenue will be used to increase the steempower on a monthly basis.