New Fed Boss, Same Train Wreck Policies
Yellen is a staunch supporter of plan to create asset bubbles through issuance of trillions of devalued dollars
October 9, 2013
Obama’s selection for Federal Reserve boss, Council on Foreign Relations member and Alan Greenspan protege Janet Yellen, has signaled that the fiat funny money printing presses will continue to roll.
Bankster minion Larry Summers, who worked closely with cohort Robert Rubin to dismantle the firewall between commercial and investment banking (Glass-Steagal) and allow derivatives to ruin the economy, was on the short list. His toxic background as a sleazeball at the Treasury Department (see Greg Palast’s article) got him dumped and paved the way for the president and Chief Executive Officer of the Federal Reserve Bank of San Francisco to be appointed. The Senate indicated it would oppose the nomination of Summers, not because he was instrumental in creating the pseudo-securities wrecking ball designed to destroy national economies, but rather, if you can believe the New York Times and the rest of the Wall Street pimped Mockingbird media, he is mean to women.