Yellen is more dangerous than Bernanke

Discussion in 'Markets & Economies' started by JulieW, Nov 15, 2013.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    From the Daily Reckoning:

    I need a drink.
     
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    It's getting so they actually believe their own twisted logic.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Re: your bolded text Jules. I read a similar thing a couple of days ago by an Aussie financial reporter, this time in relation to "baby boomer" houses. He said that society would be better off on the whole if the baby boomers sold their houses, downsized and then put the excess capital into circulation (ie spend it). Essentially he was accusing baby boomers who lived in large houses who intended to keep them and pass them to their heirs as being selfish and irresponsible.
     
  4. worldbubble

    worldbubble Active Member

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    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.>>>

    so, she says she has no savings? or this new idiot in power makes decisions for everybody but her own class?
    hypocrites ...
     
  5. SilverJay

    SilverJay Member

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    Wow..... Truly, just wow.

    Translated to the average investor who is doing the responsible thing for their life and family - "Why dont you trust us? What ours is ours - and whats yours is ours too"

    Increasing my margin of investment in PMs soon - this is exactly the confidence boost I needed.
     
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Sounds like the perfect agent to bring the whole edifice crumbling down.

    Go hard Janet Baby! Shake 'n' Bake :lol:
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

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    Most houses left to the kids are sold and the money divided up.

    The kids spend it or buy another house with it. The socialist engineers will just have to wait!

    anyway, I intend to hang around like a bad smell until I am 105, at which time i will be shot by a jealous husband.



    OC
     
  8. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    She is Jewish,

    Probably has physical gold hoarded away somewhere
     
  9. AngloSaxon

    AngloSaxon Active Member

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    [youtube]http://www.youtube.com/watch?v=xlBpQMVCrqI[/youtube]
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Yellen will prolly boost QE.
     
  11. TheEnd

    TheEnd Well-Known Member

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    Ludicrous, insane and morally wrong!
     
  12. willrocks

    willrocks Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=rfLlF1vtit8[/youtube]
     
  13. TreasureHunter

    TreasureHunter Well-Known Member

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    Peter Schiff on why Bitcoin is not reliable:
    http://www.youtube.com/watch?v=0VrB1Ae3xqs

    I'm personally surprised about the Bitcoin mania, after having seen this graph:
    [​IMG]

    The fact that it's finite doesn't mean it can't be divided into smaller units.
    Bitcoin too can devalue. Simply less people will be willing to pay the high price for it and due to lower demand, the price will shrink.

    BUBBLE!
     
  14. TheEnd

    TheEnd Well-Known Member

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    Most likely....If the government themselves are not using Bitcoin they cannot manufacture/control/manipulate, let alone earn interest like the olden days fractional reserve system....They will NEVER let this trade under normal conditions because they did'nt design it some one much much smarter than them did!

    It is borderline illegal in the governments eyes.

    If Bernanke/Yellen/The Fed designed and manufactured Bitcoin it would be a different story because they could create and control the currency and gradually phase it into the system......but because they did'nt design it......the currency is useless and not even taxable as amatter of fact!
     
  15. Old Codger

    Old Codger Active Member Silver Stacker

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    I doubt it matters too much who is sitting in the chair over the next few years.

    The USG, and the FED, and the US Treasury, have NO option but to print. Those US Treasury Bonds MUST be sold to someone, and that now means the Fed and the SSTF (and silly people like our RBA) .

    When SHTF Day dawns, it will matter little if if it US$700 Billion or US$700 TRILLION, they WILL print it!


    JMO


    OC
     
  16. dccpa

    dccpa Active Member

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    I would be worried about protecting my assets, but the only thing left is that boat that keeps sinking. :eek: Either way, I like the drinking idea. :D
     
  17. TheEnd

    TheEnd Well-Known Member

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    Latest news in Oz is that first home loans are at lowest level EVER....Thats even with 2.5% rates........ Lets see what the RBA do about this after Xmas?
     
  18. Old Codger

    Old Codger Active Member Silver Stacker

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    If a buyer cannot handle a loan at 2.5%, then i doubt a cut to 2.25% or 2.00% would make all that much difference.

    I get the feeling that the RBA would like to keep its powder dry for a bad situation in the future, where a rate of 1% or less is required. Most rates overseas are well below ours as it is.

    Personally, if I was a buyer, I would be looking at a loan fixed for 5 years at the moment.

    OC
     
  19. petey

    petey Active Member Silver Stacker

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    Reads straight out of the Alpha Strategy.
     
  20. Byron

    Byron Guest

    Why doesnt that stupid old hag start with her own assets?

    So it appears that the govt swing against responsible savers has gone full circle. Goodness knows what sort of hare brained schemes they are going to hatch in the coming years to punish the middle class.
     

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