Subject: Dangerous words from Obama’s Federal Reserve Appointee Janet Yellen
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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.'
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No, they are quotes from Erik Townsend.
Thus, it is just hearsay from a financial broker who lives in Hong Kong. Who was very likely a small cog in abetting our current recession in the first place.
There is not a single source that can confirm that Yellen made those remarks.
"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?"
To which Yellen, were she actually asked this question, would have responded "That's the stupidest question I've ever heard. If you need to be told that restricting liquidity in a recession is bad for investors, then perhaps you should go play with your toy blocks while the grown folks are talking."
She then turned to security to give them a look implying she did not have time for this Mickey Mouse BS and would only take questions from people with an 8th grade level of understanding of basic supply and demand.
Since the Supreme Court ruled that Corporations are equivalent to humans in the Citizens United decision, this faked "quote" falsely attributed to Yellen could actually be something Yellen would say.
Corporations ARE hoarding lots of cash and not using it to grow their businesses much at all. Cash is being distributed mainly to the fat cats in the 1%, who also turn around and hoard that cash in tax-free off-shore accounts.
If one looks at this fake quote in light of that true information, than what Yellen is falsely accused of saying actually makes some sense.
Otherwise: bogus.
Plus, knock knock yoo hoo: Yellen ain't some liberal. She's as conservative as every other Chair of the Fed & very very pro-business.
Just more lies to gin up the rubes into being *distracted* by b.s. pitting them against so-called leftists while picking their pockets.
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