CNN’s Wolf Blitzer played a couple of clips of Yellen from 2021, where she said inflation would not be a problem.
Yellen conceded that she was wrong.
I think I was wrong then about the path that inflation would take.
She, of course, blamed other factors than the Fed’s money printing for root source of inflation.
Yellen, along with the Federal Reserve, including mainstream financial outlets, were all pushing the narrative that inflation was only “transitory,” and that inflation would “peak.” The WinePress was very much was opposed to this and said the dead opposite would occur:
- The Quickest Way To Know The Economy Is Broken Beyond Repair
- Buckle Up For A New Wave Of Higher Inflation
- The FED Will Continue To Juice Up The Markets. Buying It All Up
As a matter of fact, The WP reported in January of last year that Yellen called for more money printing and debt collection: “Treasury Secretary Janet Yellen Calls For Debt Creation.”
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
This creature is no fool: she’s a former Head Chair for the Federal Reserve, and is quite aware of the gaming and scheming. These gaslighters told everyone they had a 2%-cap goal on inflation, but have royally missed the mark (by design), and there is still yet a single person in the government to stand-up and call them out on this!
When the Fed and Yellen speak of using their “tools” (though they themselves are tools), they are referring to one thing: DEBT CREATION.
Inflation will continue to rise, as the Fed’s fractional rate hikes will not do anything to stop it.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Gas near $5 a gallon
It’s past $5 here where I’m at.
It’s too little too late for apologies. Sorry only gets ya so far in life.