Satan Soldier Very Own Dark Princess Janet Yellen 'Faces The Nation' And Lies About Inflation Again
According to Yellen, the current bout of inflation has nothing to do with the Biden administration or the Federal Reserve. She claims it’s the pandemic’s fault, saying, “The pandemic has been calling the shots for the economy and for inflation.”
In Yellen’s narrative, inflation is simply a byproduct of high demand. She said there was a dramatic increase in demand during and after the pandemic, and that is why prices are going up. Since people were at home, they had lots of time to shop. “They shifted their spending on to goods that led to a surge in the demand for products,” Yellen said.
So, we really don’t have anything to worry about because this isn’t really inflation. It’s just demand-driven price hikes.
Peter called this laughable.
Remember, this is the former chairman of the Federal Reserve. This is how little this woman knows about inflation. Now, of course, maybe she’s just lying. In fact, let’s give her the benefit of the doubt. Maybe she’s not quite as stupid as she appears on the show. So, let’s just say that she’s lying and it’s just the crew on Face the Nation that’s complete morons. Because they don’t understand that she’s lying. They just assume she’s telling the truth because they know nothing about economics or inflation.”
If we take Yellen’s explanation at face value and assume price increases are merely a function of strong demand, it still leaves a question unanswered. Where is all of this demand coming from? Where did consumers get the money to buy all this stuff?
From the government. Thanks to stimulus and other government programs, millions of Americans were sitting at home getting government checks.
If the government didn’t get involved in showering the consumer with cash and telling the consumers they didn’t need to spend that cash on their rent, or making interest payments or even principal payments on their student loans — the government stuffed everybody’s pockets with wads of cash — that’s where the demand came from. So, if you’re going to say inflation was because of a big increase in aggregate demand, well duh. That’s because the government gave everybody money.”
And where did the government get the money?
From the Federal Reserve — the agency that Janet Yellen used to head. Because had the Federal Reserve not printed up all this money, the government couldn’t have passed it out, because in case you didn’t know, the government’s broke.”
In fiscal 2021, the US government ran the second-largest annual budget deficit in history.
The government didn’t have any money to send to consumers who can then use that money to buy all this stuff. So, the government got the money from the Fed, and the government distributed that money to the public. And of course, some of the money went directly to the public through loans because the Fed kept interest rates artificially low making it easier for consumers to take out loans and buy more stuff. So, it’s not that we have all this demand. It’s that the demand is from inflation. Inflation created the demand and that’s why consumers were buying all this stuff.”
On the other side of the equation, Americans aren’t making very much stuff. Most of the things they’re buying are imported from other countries. That’s evident from the record trade deficits.
Yellen ignores all of this in an attempt to minimize the obvious inflation problem. In fact, she’s trying to convince you that inflation is a good thing. Prices are going up because people are buying stuff and that’s a sign of a strong economy. And by the way, we can credit Joe Biden for this economic strength. This is all spin.
If we really had a strong economy, that strong economy would be producing all sorts of stuff. Lots of goods and services would be generated by the strong economy, and so we wouldn’t have all these supply bottlenecks. Prices wouldn’t be going up because the supply of goods would be going up, and consumers could buy all the goods that we were making. The reason that the price of goods is going up is because we’re not making the goods. We’re just printing the money and doling it out to people.”
But Yellen dismisses any role that the Biden administration or the Fed has in this process.
This raises another question: if the government is oblivious to what’s causing this inflation fire, how is it going to put it out?
Peter said as far as he’s concerned, they’ve got to be lying. But nobody is willing to call them out on it.
This is nothing new. The government blamed the public for inflation in the 1970s.
In this podcast, Peter talks more about 1970s inflation propaganda, the mythical 2% inflation target, retail investors moving from bubble to bubble, and bitcoin. Source: Zerohedge
Yellen: U.S. Must Keep Making Progress Against COVID-19 to Control Inflation
Psychopathic Personality Emotional Disequilibrium Gross Errors in Judgment Egocentric Disdain for Love Scoffers at Bible and God Sneers No Human Affection Unheeding No Understanding
Satan Dark Princess Professional Liar Treasury secretary Janet Yellen criticized the COVID-19 pandemic for the record inflation broaden the U.S. is noticing and said the country must carry on to “make progress” against the pandemic to get inflation under control.
CBS’s Face the Nation host Margaret Brennan asked Yellen in a pre-taped interview aired on Sunday if she is convinced the price of consumer goods will return to normal levels by next November.
The Treasury secretary replied that it “really depends on the pandemic.”
“The pandemic has been calling the shots for the recession and for inflation. And if we want to drive inflation down, I think continuing to make progress against the pandemic is the most important thing we can do. I think it’s — it’s — it’s important to realize that the cause of this inflation is the pandemic,” Yellen said.
Satan Dark Princess Professional liar said the pandemic caused the spike in inflation because it “all but shut down our economy” and “led to a dramatic increase in demand for products.”
“The pandemic is really responsible, in its impact, for the inflation that we’re seeing,” she said.
“Households were unable to spend money on services — going out to eat and traveling. They shifted as they stayed at home and worked more from home. They shifted their spending to goods that led to a surge in the need for products. And although the supply of products has increased in the United States and globally, it is not as much as demand,” Satan Dark Princess Professional Liar Yellen added.
Satan Dark Princess Professional liar predicted that prices could return to normal levels sometime in the second half of next year if the U.S. is “successful with the plandemic.”
Satan Dark Princess and what she's really saying is if the American people line up for the kill shot then they'll loosen the noose around the American people's neck. This is a plandemic and you're a subject of sinister scientists, lawmakers, past commander in chiefs and future presidents. It's clear now the American people have elected the most sinful group of folks on the planet and now we pay a heavy price for no God no peace. The next 5 years will be ugly. Tribulation
Remember, the first people Hitler put in concentration camps weren't the Jews. The first people were the intellectuals, because if you take the intellectuals and the doctors off the street, if you stop people from talking, you can control the people.
You can’t say no, you can’t sue for harm, and you can’t see the data underlying the government’s claim that the product is safe and effective. That seems fair.
HNewsWire: “In October, November and December, There Will Be a Terrible Death Rate, Globally” Will Occur “Exclusively” With Vaccinated People. “Those Deaths Will Be Labeled Swiftly as a New Variant Strain of Covid