Treasury Secretary Janet Yellen appeared on Colbert's show on Wednesday
night. Colbert, who is known for being a lover of nearly everything (D)
did not throw her a complete round of soft-ball questions.

One thing he asked was how inflation got so far out of hand when
"everything seemed fine" just two years ago, and noted that Biden's administration dismissed it as a "small risk" just last year.

Yellen claimed that that the spike was caused by people working from home
and buying home office equipment, along with "grills." She later went on
to blame Russia as well. There was no mention of the recent spending bills that Biden has signed.

I find this all interesting considering that both the Biden and Trump administrations sent "stimulus" checks to millions of Americans in hopes of stimulating their spending. So, I guess if US citizens were "splurging" on office and outdoor cooking equipment, we were doing exactly what the
government wanted us to which, in turn, per Yellen lead to our excessive spending habits and the 40-year high inflation that we are all experiencing.

So I still see it as something government policies caused.

Meanwhile, yesterday Hakeem Jeffries was elected by House Democrats to be
their new Caucus Chairman. This is interesting as Jeffries was one of the
few Democrats to break from the party during the 2020 election cycle when
it came to the allegations made by Tara Reade against then candidate Joe
Biden. Jeffries claimed that the allegations needed to be "investigated seriously."

I wonder if his song will change now that he is in a place of leadership?

It is also ironic how many Democrat politicians, and liberal pundits, are calling for action against Twitter and Elon Musk. Just a couple of short
years ago, several from the same camp were claiming that, as private
companies, content providers like Twitter and Facebook were free to
moderate content as they choose to. Now, for some reason, having ome of
those same companies moderate content as they choose to is a serious issue.


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Re: Yellen on Inflation, othe
By: Mike Powell to ALL on Thu Dec 01 2022 04:15 pm

It is also ironic how many Democrat politicians, and liberal pundits, are calling for action against Twitter and Elon Musk. Just a couple of short years ago, several from the same camp were claiming that, as private companies, content providers like Twitter and Facebook were free to
moderate content as they choose to. Now, for some reason, having ome of those same companies moderate content as they choose to is a serious issue.

I have also noticed this.

There is an informal campaign to discredit Twitter in Spain because the new owner is not a red. If you check joke and meme sites, they have lots of mentions regarding the impending demise of Twitter, the way Musk is murdering Twitter, and whatever have you.

Regarding inflation, I think there is no need to lean on a complex theory. Western countries have become underindustrialized in favor of Asian powers. The main power the USD had is that a lot of countries with weak monetary systems relied on the USD for international trade, which lead to a lot of USD to be printed and sold to them. Now there is an axis establishing a competing system and trying to take a number of these countries to their own currency and away from the USD, which is causing many unwanted USD to be floating around with no industry to back them.

Aaaaand that is why Jefferson was right and didn't want a printer happy federal reserve :-)

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Aaaaand that is why Jefferson was right and didn't want a printer happy federal
reserve :-)

No kidding. Biden wanted them to print *more* money but I don't know if that happened or not.

Mike


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Re: Yellen on Inflation, othe
By: Mike Powell to ARELOR on Fri Dec 02 2022 05:58 pm

Aaaaand that is why Jefferson was right and didn't want a printer happy fed >reserve :-)

No kidding. Biden wanted them to print *more* money but I don't know if tha happened or not.

Mike

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Just how independent is the Federal Reserve in practice?

I suspect not much, but I have to ask :-)

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No kidding. Biden wanted them to print *more* money but I don't know if

h

happened or not.

Just how independent is the Federal Reserve in practice?

I suspect not much, but I have to ask :-)

I am not 100% sure. I think it depends on who is running it, and who is
asking them to do something.

Mike


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To: Mike Powell
Re: Yellen on Inflation, othe
By: Mike Powell to ARELOR on Mon Dec 05 2022 05:05 pm

From Newsgroup: Micronet.MIN_DEBATE

No kidding. Biden wanted them to print *more* money but I don't know if

h

happened or not.

Just how independent is the Federal Reserve in practice?

I suspect not much, but I have to ask :-)

I am not 100% sure. I think it depends on who is running it, and who is asking them to do something.

Mike

i think we need a real good look into the federal reserve.
it won't happen, though.
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Re: Yellen on Inflation, othe
By: Jas Hud to Mike Powell on Sun Dec 18 2022 09:59 pm

i think we need a real good look into the federal reserve.
it won't happen, though.

A look done with Orange Gas, peraphs? XD

If it is anything like the Euro guys, it can only be fixed with a flamethrower. I suppose the main reason why the euroguys want to get rid of cash is so they can drive the interest rates into Hell and people won't be able to take the money out of banks because there will be nothing out of banks to escape to.

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