On Janet Yellen: If you’re a girl and you’re old and you’re grey and you’re the size of a hobbit, who’s going to get angry at you? If your predecessor had all the qualities anyone could look for in a garden gnome, and his predecessor was known mainly as a forward drooling incoherent oracle, how bad could it get? Think they select Fed heads them on purpose for how well they would fit into the Shire?
My take away from the article is simple, the Fed has become a habitual bunch of liars and that, in fact, is the first sign of monetary collapse.
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