Loading ...JANET YELLEN HAS SIGNALED SHE WILL NOT RAISE RATES TO FIGHT ASSET BUBBLES… SO THE DISTORTIONS CONTINUE, ALONG WITH COLOSSAL CAPITAL DESTRUCTION… TOTAL DEPENDENCE UPON WEIMAR FUNDING IS PERMANENT, QE TO INFINITY ETCHED INTO THE MARBLE FACADES, UNTIL THE COLLAPSE… THE USGOVT DEBT AND FINANCIAL MARKETS DEPEND UPON THE WEIMAR PRESS… THE MONETARY MONKEYS ARE A TRUE TAG TEAM, AS THE WORLD ATM MACHINE HAS SHIFTED TEMPORARILY TO FRANKFURT AT THE EURO-CB OFFICE. $$$
Still new to the post, USFed Chair Janet Yellen delivered the most significant speech yet in her brief tenure. The message reveals a great deal about how she will deal with new risks on the horizon from financial asset bubbles, which the United States as a nation has grown dependent upon for over 20 years. Think Ponzi Economy. Yellen believes that it would be imprudent to raise interest rates to fight financial excesses. Her focus is to prevent financial instability in the financial markets (primarily the bond market) from causing economic disaster. This focus on resilience differs from the typical talk of responsibly pricking bubbles before they grow too large. In the 1980 and 1990 decades, the more competent USFed Boards halted bubbles. Since the Lehman kill event, the USFed has been busy promoting and building the grandest asset bubble in history, in the USTreasury Bond. It is supported with both Zero Interest Rate Policy and Quantitative Easing. The US has no resilient financial system with its Third World finances and stuck hyper monetary inflation in place.