solar jim

Janet Yellen on Risks, Prospects for the U.S. Economy

Yellen has always been the same. Screw the little guy at the expense of maintaining an aristocracy. It's only a problem when the big money people start to have a problem. The middle, or lower, class has no representation in her economic models. She's never seen an economic situation that wouldn't be served well with a rate hike. It's nice to have no inflation if you've got wealth. Unfortunatley, once we left the gold standard the idea is that there is implicit inflation going forward. It makes it that much harder, if not impossible, for lower classes to actually make a move upward to the next upward level of class in our society.