Janet Yellen - Next FED Gov
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Snip from Mogambo Article:
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Then, to make matters worse, the WSJ had an article by Greg Ip on Tuesday that caused my blood to run cold. The headline was "Yellen Is to Head San Francisco Fed Following Parry." This flaming nincompoop, Janet Yellen, thinks that goosing employment is more important than controlling inflation, and is on record as arguing that inflation should not be allowed to drop below 2%! When I read that, all three remaining brain cells in my brain went into spasm.
This mental midget, and for those of you who have not been paying attention I remind you that her name is Janet Yellen, actually WANTS price inflation to rise, which, unless wages also rise by more than that, will cause a fall in standards of living! She wants us to have a falling standard of living! And since wages do not rise across the board, the people at the low end of the scale pay a heavy price, as their wages always seriously lag. So remember what I said about Janet "Jackass" Yellen, as you will find that you will spend a considerable amount of your time in the future cursing her name.
Greg Ip, bless his heart, wrote "Her appointment continues an unusual amount of turnover in Fed policy makers." This may be the biggest understatement of the century, as the Fed has metamorphosed into an America-killing inflation-machine, and if I thought Ben "Bonehead" Bernanke was bad, this Yellen succubus is a horror straight from hell. |
