However, what worries me more than a bunch of Frogs getting over heated is a woman in charge of our money supply.
Now that Larry Summers has dropped out of contention for Federal Reserve Board Chairman, it
looks as though President Obama is going to nominate Janet Yellen to be Chairman of the Fed. The first problem with this of course is she is NOT a babe ( See pic to the right, on second thought, just take my word for it). I mean if we are going to have a woman ruin the country, she should at least look like Nicole Pissari, right? ( See revised and much better pic to the right). The second problem of course is that Janet Yellen is a WOMAN and she is in charge of our MONEY!!! I can see where this is going. The first day on the job, not only will her new office have to be redecorated, but she will order every branch bank in the country to redo their lobbies. I have never understood why women have to get new draperies every 3 years. I mean, if they still work ( keep the sun out), why replace them? What will happen to all that gold in Fort Knox? I can tell you: melted down and turned into jewelry, that's what! Does anybody really think she is going to keep her mits off of all that gold?
Fred For Fed !! |
The Fed is a giant Ponzi scheme. It creates Federal Reserve Notes out of thin air, each dollar created, creates more debt. When the federal government needs more money, it swaps U.S. Treasury Bonds for Federal Reserve Notes. The Federal Reserve Notes are backed by NOTHING! The only way to keep this fraudulent system alive is to create more debt. The whole system is designed to debase the money supply, i. e., to cause inflation. Inflation is a hidden tax that allows the Fed Ponzi scheme to keep rolling along. The Fed lends gajillions of dollars to banks at near 0 interest, the banks in turn, use this fabricated money to buy government bonds to keep the system afloat.
In all seriousness, this entire system was created by MEN, so I am not even sure if Fred can help us. However, one thing is for SURE, at current rates of borrowing, the bubble will burst and soon. The only way to avoid economic catastrophe is for the federal government to quit spending more than it takes in.