These are quotes from Obama’s Federal Reserve Appointee Janet Yellen our next Federal Reserve Chairman.
If she is really that stupid we have even bigger problems coming.
'She was talking in her lecture, about how if there was anything she could do to figure out a way to make interest rates negative, she would do that, because she feels that that's what we need to do to make credit as easy as possible for the people. And I asked the obvious question that none of the San Francisco liberals were asking, which is, what about savers and investors? Doesn't that punish them?'
'She said, well, we're coming to the point where we have to consider the role of people who have significant savings and their responsibility in society, that it really is selfish to be hoarding it and that we need to create incentives through government for people to spend their savings, because that's exactly what we need in order to rejuvenate the economy.'