MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Yellen’

Dailywire Article-No Bailout For Collapsed Silicon Valley Bank, Yellen Says

Posted by M. C. on March 13, 2023

Not even close to covering depositors.

What! You still keep savings in a bank?

https://www.dailywire.com/news/no-bailout-for-collapsed-silicon-valley-bank-yellen-says

By  Ben Whitehead

Photo by Drew Angerer/Getty Images

Treasury Secretary Janet Yellen said Sunday that there would be no bailout for the collapsed Silicon Valley Bank.

Appearing on CBS News’s “Face The Nation” with host Margaret Brennan, Yellen said the government would assist regulators in helping protect depositors but made clear that there would be no federal bailout for the major tech bank. 

“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out,” Yellen told Brennan when asked whether the U.S. had ruled out a bailout. “And the reforms that have been put in place means that we’re not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs.” 

See the rest here

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Yellen Says Russian Officials Have No Place at G20 Meeting

Posted by M. C. on July 15, 2022

Just the good little boys and girls that do what they are told are allowed to play.

https://www.usnews.com/news/world/articles/2022-07-14/yellen-says-russian-officials-have-no-place-at-g20-meeting

By Andrea Shalal

NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said Russian President Vladimir Putin’s war against Ukraine was causing a negative spillover around the world and Russian officials had no place at this week’s meeting of the Group of 20 major economies.

Speaking at a news conference on the sidelines of a G20 meeting of finance officials, Yellen called on the global community to hold Russia accountable for the war and its dramatic impact on energy prices and rising food insecurity.

Yellen dodged a question about whether she would walk out when Russian officials spoke, as she and other Western leaders did during the last such meeting in Washington in April, but said she would condemn Russia’s invasion of Ukraine “in the strongest possible terms”.

“I think I’ve made clear that it cannot be business as usual with respect to Russia’s participation at these meetings,” she said, adding that she looked forward to welcoming Ukraine’s finance minister to the meetings.

Yellen said she would continue to push hard for a cap on the price of Russian oil that she said would help lower energy prices and maintain global oil flows after European and potentially British and U.S. sanctions on the transport of Russian oil take effect at the end of the year…

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Yellen: Inflation & Your Lower Standard of Living Is Good For Society

Posted by M. C. on June 13, 2021

Feeding fairy tales to American citizens is the modus operandi of Washington D.C. The latest on the economic front is a real doozy. When the (unconstitutional) Fed counterfeits dollars, it ultimately results in a rise in prices for goods and services. Americans suffer a lower standard of living by being forced to buy less with the dollars that they worked for. Does this immoral process sound like it’s ‘good for society’ to you?

Is Yellen the Simpleton David Stockman describes or does she think we are the Simpletons?

Prices go down in an efficient economy, not up. A good discussion on how government spending and Fed money printing affects the economy.

Do you accept the fake world?

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Inflation Raises Its Ugly Head: What Will The Fed Do Now?

Posted by M. C. on May 7, 2021

Yellen wants to use the Fed “tools”. The same tools that didn’t work when she was Fed chairperson.

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EconomicPolicyJournal.com: Oh to Be a Fly on the Wall for This Meeting

Posted by M. C. on January 30, 2021

https://www.economicpolicyjournal.com/2021/01/oh-to-be-fly-on-wall-for-this-meeting.html

Janet Yellen

Treasury Secretary Yellen will attend an economic briefing with the President and the Vice President in the Oval Office today.

This is the meeting where the financial plotting will get heavy. –RW

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The Ron Paul Institute for Peace and Prosperity : The Federal Reserve Is, and Always Has Been, Politicized

Posted by M. C. on April 18, 2017

http://ronpaulinstitute.org/archives/featured-articles/2017/april/17/the-federal-reserve-is-and-always-has-been-politicized/

While auditing the Fed is supported by the vast majority of Americans, it is opposed by powerful members of the financial elite and the deep state. Therefore, those of us seeking to change our national monetary policy must redouble our efforts to force Congress to put America on a path to liberty, peace, and prosperity by auditing, then ending, the Fed.
David Stock has been even more blunt saying the Fed should go and is led by a simpleton. 

Notice how rates started going up immediately after the election? Yellen has to do it but didn’t want the inevitable repercussions until after Hillary was elected.

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Old Yellen – No New Tricks For This Old Dog

Posted by M. C. on March 25, 2015

It is sad when the fate of the Wall Street rests on whether the Fed Chair uses a particular word in her periodic smoke and mirrors speech.

“Just because I don’t use the word patience doesn’t mean I am impatient.”

In other words “I don’t have anything new to say so I will obfuscate and say the same old thing.”

Yellen knows the employment and inflation numbers are fake. Things are getting worse. She can’t raise rates because no more free money would put Wall Street in reverse. The only tool left in the “tool box” left by Bernanke is printing money.

In other words “Counterfeiting hasn’t worked for six years but I will keep using it because the only other option is…reality.” Read the rest of this entry »

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