Janet Yellen Just Revealed Something Huge But No One Is Listening

 
Mortgage delinquencies are on the rise. Corporate media reporting that retail are incredible in January, gas prices increased and inflation moved higher. Consumer prices surge at the fastest pace in 5 years. Industrial production declines and is at 10 month lows. GDP has been recalculated and is now down to 2.2%. The US is not in the top 10 for economic freedom. The markets are whispering something very important about inflation. Janet Yellen comes out and admits the economy is weak and don't blame the Fed.





















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Ron Paul Discusses Janet Yellen on Fox Business 11-21-2013

Ron Paul talks about the Senate changing the filibuster rules and what it means for Janet Yellen's nomination to be the next Fed Chair on Fox Business.

Bill Black & Greg Palast: Fed Chair Nominee Janet Yellen`s Record

Yellen In Line to Head Fed, But How Will She Lead? Economists Bill Black and Greg Palast discuss Fed Chair nominee Janet Yellen's record, pointing to her support of the repeal of Glass-Steagal as an indication of how she'll work with Wall Street.

Janet Yellen : Why Was There Economic Prosperity in the 1990s in the United States? (1998)

The 1990s boom in the United States of America was an extended period of economic prosperity, during which GDP increased continuously for almost ten years (the longest recorded expansion in the history of the United States). It commenced with the end of the early 1990s recession in March 1991, and ended with the early 2000s recession, which started in March 2001.

The 1990s is remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.

Janet Yellen on The Glass--Steagall Act

Does Deregulation Cause Global Financial Crises? Janet Yellen on Economic Growth (1998)

The financial sector in the U.S. has evolved a great deal in recent decades, during which there have been some regulatory changes and the creation of new financial products such as the securitization of loan obligations of various sorts and credit default swaps. Among the most important of the regulatory changes was the Gramm-Leach-Bliley Act in 1999, which repealed the parts of the Glass--Steagall Act which had not already been repealed. This 1999 Act took down barriers to competition between traditional banks, investment banks, and insurance companies, in some cases allowing firms to participate in all three markets thus making distinctions between these categories less clear.
Some believe that this deregulation contributed to the U.S. financial crisis of 2007-2009 and the Global financial crisis of 2008-2009. However, others dispute this assertion, and a lively debate on the causes of financial crisis is still under way.

Related legislation
1976 - Hart-Scott-Rodino Antitrust Improvements Act PL 94-435
1977 - Emergency Natural Gas Act PL 95-2
1978 - Airline Deregulation Act PL 95-50
1978 - National Gas Policy Act PL 95-621
1980 - Depository Institutions Deregulation and Monetary Control Act PL 96-221
1980 - Motor Carrier Act PL 96-296
1980 - Regulatory Flexibility Act PL 96-354
1980 - Staggers Rail Act PL 96-448
1982 - Garn--St. Germain Depository Institutions Act PL 97-320
1982 - Bus Regulatory Reform Act PL 97-261
1989 - Natural Gas Wellhead Decontrol Act PL 101-60
1992 - National Energy Policy Act PL 102-486
1996 - Telecommunications Act PL 104-104
1999 - Gramm-Leach-Bliley Act PL 106-102

http://en.wikipedia.org/wiki/Deregula...

Who is JANET YELLEN The New FED Chair ?

Janet Louise Yellen (born August 13, 1946) is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business. On October 9, 2013, President Barack Obama nominated Yellen to be Chair of the Federal Reserve. If confirmed, Yellen would be the first woman to hold the position.

Yellen was an assistant professor at Harvard in 1971--76 and an economist with the Federal Reserve Board of Governors in 1977--78.[7]
Beginning in 1980, Yellen has been conducting research at the Haas School and teaching macroeconomics to full-time and part-time MBA and undergraduates students. She is now a Professor Emeritus at the University of California, Berkeley's Haas School of Business, where she was named Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics. Twice she has been awarded the Haas School's outstanding teaching award.

Yellen served as chair of President Bill Clinton's Council of Economic Advisers from February 13, 1997[8] to 1999, and was appointed as a member of the Federal Reserve System's Board of Governors from 1994 to 1997. She has taught at Harvard University and at the London School of Economics. Yellen serves as president of the Western Economic Association International and is a former vice president of the American Economic Association. She was a fellow of the Yale Corporation.
From June 14, 2004, until 2010, Yellen was the President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. She was a voting member of the Federal Open Market Committee (FOMC) in 2009.
Yellen is considered by many on Wall Street to be a "dove" (more concerned with unemployment than with inflation) and as such to be less likely to advocate Federal Reserve interest rate hikes, as compared, for example, to William Poole (former St. Louis Fed president) a "hawk" (see definitions under Inflation).[9]
In July 2009, Yellen was mentioned as a potential successor to Ben Bernanke as chair of the Federal Reserve System, before he was renominated by Barack Obama.[10] She later told an interviewer that such reports were unfounded, and originated in the United Kingdom, where she said the press did not understand that she was too old to be considered for the position.[citation needed]
In 2010, Yellen told Financial Crisis Inquiry Commission that she had not seen any of the risks in the financial system until after the recession.[11]
On September 17, 2013, a day after it was confirmed that Lawrence Summers was no longer likely to be appointed to succeed Ben Bernanke, Yellen was widely recognized as the next top pick by U.S. Senate Democrats.[12]
On October 9, 2013, Barack Obama nominated her as the first woman chair of the Federal Reserve, saying, "She had sounded the alarm bell early about the housing market bubble and excesses in the financial markets before the recession. She calls it like she sees it."

http://en.wikipedia.org/wiki/Janet_Ye...

Janet Yellen ~ A Dangerous Person, at a Dangerous Time, Heading a Dangerous Institution says Peter Schiff

Peter Schiff on BNN (10/9/2013) Listen to The Peter Schiff Show


Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

JANET YELLEN ~ US Federal Reserve first woman boss? Negative Interest Rates On the Way.

This lady was part of the California cronies that destroyed the middle class and small business owners. She couldn't fix or recognized the issues of California District, don't be surprise on her output.





From Wikipedia, the free encyclopedia
Janet Louise Yellen (born August 13, 1946) is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business. On October 9, 2013, President Barack Obama nominated Yellen to be the first female Chair of the Federal Reserve.
Early life and education

Yellen was born in Brooklyn, New York, the daughter of Anna (née Blumenthal) and Julius Yellen, a physician.She graduated from Fort Hamilton High School in the Bay Ridge section of Brooklyn. She graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in economics from Yale University in 1971.

Yellen is Jewish and is married to George Akerlof, a Nobel prize-winning economist and professor emeritus at the University of California, Berkeley. Her son Robert Akerlof is an assistant professor at the University of Warwick.
Career

Yellen was an assistant professor at Harvard in 1971–76 and an economist with the Federal Reserve Board of Governors in 1977–78.

Beginning in 1980, Yellen has been conducting research at the Haas School and teaching macroeconomics to full-time and part-time MBA and undergraduates students. She is now a Professor Emeritus at the University of California, Berkeley's Haas School of Business, where she was named Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics. Twice she has been awarded the Haas School's outstanding teaching award.

Yellen served as chair of President Bill Clinton's Council of Economic Advisers from February 13, 1997 to 1999, and was appointed as a member of the Federal Reserve System's Board of Governors from 1994 to 1997. She has taught at Harvard University and at the London School of Economics. Yellen serves as president of the Western Economic Association International and is a former vice president of the American Economic Association. She was a fellow of the Yale Corporation.

From June 14, 2004 until 2010 Yellen was the President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. She was a voting member of the Federal Open Market Committee (FOMC) in 2009.

Yellen is considered by many on Wall Street to be a "dove" (more concerned with unemployment than with inflation) and as such to be less likely to advocate Federal Reserve interest rate hikes, as compared, for example, to William Poole (former St. Louis Fed president) a "hawk" (see definitions under Inflation).

In July 2009, Yellen was mentioned as a potential successor to Ben Bernanke as chair of the Federal Reserve System, before he was renominated by Barack Obama. She later told an interviewer that such reports were unfounded, and originated in the United Kingdom, where she said the press did not understand that she was too old to be considered for the position.[citation needed]

In 2010, Yellen told Financial Crisis Inquiry Commission that she did not see any of the risks in the financial system until after the recession.

On September 17, 2013, a day after it was confirmed that Lawrence Summers was no longer likely to be appointed to succeed Ben Bernanke, Yellen was widely recognized as the next top pick by U.S. Senate Democrats.

On October 9,2013, Barack Obama nominated her as the first woman chairperson of the Federal Reserve, and added "She had sounded the alarm bell early about the housing market bubble and excesses in the financial markets before the recession. She calls it like she sees it."

Janet Yellen The New FED Chief wants More QE & Money Printing

The printing of money causes inflation. Inflation is like a tax on the middle class. So basically the fed chair has been printing money to rob wealth from the poor and middle class to fund people at the top. Now you know why the Fed has to go and all money needs to be brought back under the control of the house where it belongs.

If one were to intentionally try to destroy the US economy, you could not come up with a more effective strategy than the Obama/Democrat regime. How many lies can one man deliver in one speech is not the question. The question is why can he do it and no one challenges his lies or hold him accountable for them. Why does the media let him get away with it? Why are they complicit in his lies?

Obama To Nominate Janet Yellen For Fed Chief, She Believes In Free Money

White House: Obama To Nominate Janet Yellen For Fed Chief To Replace Ben Bernanke, Her Position Believes In Free Money

Who Will Be The Next Fed President? - Larry Summers vs Janet Yellen

Larry Summers, working under the Clinton administration, pushed for a bill that would deregulate the banks. He also pushed a bill through congress which effectively took away glass steagall, allowing investment banks "gamble" with depositors money. Both of these events largely played a roll in the gigantic crash of '08 and the financial recession. Whether or not Mr. Summers will succeed in becoming the next chair of the Fed is still unknown, however it is safe to say that he will continue the path that Mr. Bernanke has set us on. I don't think Mr. Summers will end up being Obama's nominee because of the bad press that would result from this move. The other candidate seems much more in tune with Bernanke's so called "recovery path."