Tags: janet yellen | fed | investors | washington

Yellen's Politics Back Washington Establishment Against Investors

Yellen's Politics Back Washington Establishment Against Investors
Janet Yellen (Getty)

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Monday, 19 October 2015 07:36 AM Current | Bio | Archive

Just who is the Washington political establishment that allows Janet Yellen of the Federal Reserve to set a zero interest rate for government borrowing?

The way I see it, Washington, D.C., operates like a feudal fiefdom with everyone outside of Washington being nothing more than serfs serving at the whims of their feudal lords.

They take, as if by divine right, from those who work, save, and risk their capital.  It's what any number of commentators have called legalized robbery. 

The president (meaning all the presidents, not just the current one), as if a king, and Congress, as feudal lords, work together to keep each other in power.  Together they pass laws, issue regulations, and proclaim orders.  And they have a vast army of enforcers only too eager to carry them out.

With an enormous array of dependent parasites who feed off the largesse of the federal government.

All backed, as with any feudal state, by the courts and the clergy whose exalted positions and loyalty is bought by the beneficence of the feudal state.

The political establishment believes in their souls, and I mean both political parties, that government is the answer to all problems.

And to answer those problems, government demands more control, money, and power.

Unlike a free society whose government is accountable to the people, in the United States the sovereign has declared its immunity from the people.  And the legal ability to use terrible violence to punish any who refuse to acknowledge its dominance and pay homage. 

Their means of control of the people is by a vast and well-armed bureaucracy who regulate every intimate aspect of the lives of the people.

America is no longer the land of the free.

We know this because there is no longer a free-market.

A free-market depends on one thing. The freedom for the price of money to be determined by the people.  That is the sole method that actually determines true asset valuations.

But, the Federal Reserve has ended that.  Janet Yellen tells us that the cost of money to the government and its operations will be zero. 

As a consequence, the political establishment can claim they are doing such a good job that the actual governmental budget deficiencies are going down even though the need for massive borrowing is going up.

What a fraud.

Wouldn't everybody like to borrow unlimited amounts of other people's money and never have to pay interest — then borrow more money, so the total amount of principle never needs to get paid either? 

This fraud being perpetuated by the Federal Reserve allows the political establishment to continue paying out staggering amounts of money to campaign contributors and special interest voting groups.

Which allows those of the political establishment to stay in power and continue living like feudal lords.

Janet Yellen's decision to mandate zero interest for the investment markets is strictly a political decision because her allegiance is to the Washington, D.C., political establishment instead of people who are the investors.

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Kleinfeld
Janet Yellen's decision to mandate zero interest for the investment markets is strictly a political decision because her allegiance is to the Washington, D.C. political establishment instead of people who are the investors.
janet yellen, fed, investors, washington
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2015-36-19
Monday, 19 October 2015 07:36 AM
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