Janet Yellen, US Treasury Secretary: "We're $32 trillion in debt, and plan to add $20 trillion to that debt over the next 10 years. We have no plan to ever pay down the debt". Fitch: "OK, well then we're going to downgrade your credit score". Janet's Response 👇 The people running shit have no idea what the fuck they are doing. They are the most self absorbed and yet least self aware people in the history of civilization and hence they are destroying civilization while believing themselves to be the saving it.

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I can’t decide if her voice or her content makes me want to shove sharpened pencils in both my ears. Probably both. I rewatched The Big Short yesterday. Hellen’s video has strong vibes of the final scene where Mark Baum is speaking publicly alongside a Bear Stearns lackey who keeps claiming he’ll buy more of its stock; meanwhile, just during the time Mark Baum was speaking, Bear Stearns’ value dropped 38%. Yellen obfuscates and drones while the economy burns.
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X 2 years ago
Is she somehow lobotomized after experimental jabs?
Basically, it's her job to obsfucate and lie to the public. Just like when she said inflation was transitory. The 💩 will hit the fan when Social Security and other entitlement programs start running out of money in a few years.
Maybe I should have a press releasese too, would it help? I think Equifax’s decision to downgrade me is puzzling in light of the future economic strength I wish for, I strongly disagree with their decision, and I believe it is entirely unwarranted. 😆 image
you forgot the part where you blame it on Jan 6th and say you’re going to shake your kids down for loose change
Hit play and look away, it will loop and you won't be able to tell where because she's doing nothing but droning on with utter nonsense. That said, I strongly disagree with 'Fitch's decision as well, they should have downgraded it MUCH further.
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fractalchris 2 years ago
It's becoming so difficult to listen to these demons speak -- even short clips are nauseating.
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Keith 2 years ago
Economists that follow Keynesian principles (everyone at the central bank, treasury, etc.) believe that government, corporations, etc. are perpetual. IE, “never ending.” They also believe that growth is perpetual. Therefore there is never a need to pay off debt because government will keep growing. Growing government is their intention. They know what they are doing. They are doing it on purpose. They are doing what they were taught and what they believe in. The problem is, logically speaking, they are wrong. I know because I used to apply Keynesian economics to my personal finances and I went bankrupt. They don’t recognize it’s a two-tier system. Keynesian economics is a solution looking for a problem that doesn’t exist. They don’t recognize that we live on a planet with finite resources and that need is a human motivation for production. It will all come crashing down, eventually.