At the FOMC press conference on March 17th, Steve Liesman (not a bad name for a member of the mainstream media btw) of CNBC asked Federal Reserve Chair and Head of the FOMC (Federal Open Market Committee):
So Yellen then begins to answer, “Well, let me start, let me start with the question of the Fed’s credibility……..” Now, pay close attention to the answer here. This will clarify any question you ever had, or ever will have, about the Fed’s credibility. I guarantee it……(call outs are added to the video to enhance your comprehension of the answer)
So, are you clear now on the question of the Fed’s credibility? Unfortunately, shovels were not provided to the media present at the Q and A session. They certainly could have used them.
When questions that enter dangerous waters are posed to the Federal Reserve Chairman they invariably resort to their best and only tool- obfuscation! Yellen apparently is a master of the technique. Perhaps that above all is why she was chosen to replace Bernanke.
For an honest history of how the Fed was constructed and for what purpose (beyond the obfuscation) read, “The Creature from Jekyll Island: A Second Look at the Federal Reserve” by G. Edward Griffin. Janet will never put one over on you again. Read the book and you will clearly see why misdirection and indirectness are a necessary part of the Federal Reserve public face arsenal.
Without it, they would be in big trouble from a currently deceived public. Then again, with the high level of distraction to entertainment these days…….unfortunately and tragically…….perhaps not. What ever happened to the spirit of ’76?
The Hidden Cost of War Citizens Never Hear About
Who Are the Syrian White Helmets? As Heroic As the Leftstream Media Claims?
Trickle Down Economics? A Made Up Term That Doesn’t Exist in Economics
Since the Fed Rate Rise Things Are Already Getting Dicey
Congress Funds Government with More Funny Money- Banks Get Free Bailout Pass in Return
Some Final Thoughts on the Guns and Ammo Article- Part 3
The Federal Reserve’s 100th Birthday Not a Cause for Celebration! Part 2
Fed Running Out of Options. Now Calling for More Debt Based Inflation
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.