Loading ...Yellen Lied Again – Here’s Why
Last week Janet Yellen moved up the timeline to June 1st as the earliest possible date for the govt. to run out of money after previously holding to a sometime in July timeframe, because she was helping out the FED. The bond market had been calling bullshit on everything the FED was saying and doing in continuing to hike rates. To help the FED get away with their continuous wrongheaded policy she created a situation that caused the one month treasury bill yield to rise from around 3.5% all the way up to 4.7% after her lie and then to 5.75% at the actual auction. She and Powell couldn’t let the market get away with dissing their narrative and their plan to drive smaller banks out of business so the large banks could take over their deposits to stay alive.(at least for a little while longer) These fiends have been creating a crisis on purpose and it has nothing to do with fighting inflation.
I was under the impression that Yellen and Powell are at opposite sides of this battle as they are pursuing different objectives?
Yellen battling for DAVOS and Powell the Central Banks that DAVOS wants to destroy………….???
Even if you buy into that conventional wisdom(which may be true) they BOTH want to collapse the current system. As I have stated in a number of posts and comments, I agree that Yellen working for the administration and being a lifelong DEM progressive is on the DAVOS side. I have consistently said Powell is trying to crash the system as well, but I still don’t know if he represents the old guard FED wanting total control with a CBDC and eliminating cash or does he want to crash the system to go back to the Constitution and reintroduction of gold and silver as money. Some think he is a good guy fighting from inside the FED. I hope that is the case but not yet convinced.