Yellen Just Doesn't Get It, Much Like Greenspan

by JASmius

The drumbeat is becoming an audible snare drum whirrrrr:

Current Fed Chair Janet Yellen has a lot in common with former Chairman Alan Greenspan, and that's not a good thing, says MarketWatch columnist Paul Farrell.

"Sometime after the Great Crash of 2016, Yellen will be testifying before Congress, just like Greenspan was forced to do in 2008," he writes.

That crash will be a "direct result of Federal Reserve policy failures," Farrell says. "She will be forced to explain why the Great Crash of 2016 was a clone of the bank credit crash of 2008 and the 2000 excesses." [emphasis added]

See yesterday's post to spare me the keystrokes of pixelatedly chewing my cabbage twice.  Here, take a look at that five word phrase: "The Great Crash of 2016".  Another huge, existential crisis for Barack Obama to exploit at just the time he'd need it for his intended endgame.

I don't believe in coincidences, especially where this man is concerned.  And neither should you.