Yellen said there are some things about the big banks that don't belong in the public domain? Really? There are public companies with shareholders and she thinks there are things these banks do that shareholders have no right to know but it is OK for the Fed to know?
So tell us Janet, what have these banks done that the public can't know? You and I both know what they have done and are doing but the Fed doesn't want you to know! Remember, these are primary dealers for the Fed, the ones buying stocks and bonds with the Fed's money!
Is no one disturbed by the fact that banks take positions in physical oil, metals and real estate? They are supposed to act as brokers and lenders, not owners of such things! They manipulate everything to screw the public, keeping prices artificially high! It is time to not only audit the Fed but to audit these banks and put everything in the public spotlight!
Isn't it ironic that the Congress and Senate grill the Fed when they are the ones who spend 1/3 more than the government takes in knowing that the only way they can keep going is if the Fed prints money and buys our debt via their dealer banks! The whole system is corrupt!
So you think about that as a shareholder, you aren't even allowed to know what the company is really up. Everything is a lie in this country, no one follows the rule, especially the Fed and their banks! Anything that is material information to shareholders has to be made public, that is the law!
Welfare for Wall Street, name one industry where the cost of what you deal in is zero!
Of course they are. They want you to buy their worthless stocks and bonds and please deposit your cash in their banks so they can do bail-ins! Central bankers hate gold since it is the only true currency they can't create from thin air!
Central banks want to destroy anything they can't print from thin air!
Keep inflating stocks, eventually they will all go to zero since just about every company that ever went public has gone bankrupt with the exception of a very few. Radio Shack is dead after 94 years, just wait a few years, TSLA will be bust, Pandora, TWTR, countless others will be gone for sure not to mention the banks have been bankrupt over and over but we pumped trillions in to save them.
Central banks hate gold because they can't print it. The day will come when their paper Ponzi collapses and only gold will be left standing.
You can't create demand for housing when half the country is working for minimum wage, another 25% on public assistance. Who is supposed to be buying homes when they have no money?
If this is such a wonderful bull market and everyone is screaming how much higher it will go, how come no one is active in the market? Sounds like propaganda to me, if that were really the case you would think "investors" would be buying like mad dogs with their never ending piles of "sideline" money:-).
She knows exactly what she is doing and so do our politicians! They are draining this country, all the money goes to bankers and so called "investors". All our debt is public but Wall Street's profits are private! Savers get nothing but the average Joe who wants to borrow pays an arm and a leg while AAPL can borrow at .28% for 10 years to buy back stock!
No more proof needed to show that central banks are setting prices as they wish for anything and everything. Markets are a joke, no such thing as a free market based on supply/demand. If they weren't buying up all the garbage that can't be sold like government debt, everything would crash. They are out to destroy gold because Russia and China are the largest producers!
It is his masters, the ones who want to control everything and everyone in this country who are wanting to take your ammo away!
If you believe anything the media or our government says then you are drinking the koolaid! The same lies over and over to sway the American public in to thinking we need to engage in yet another war.
Their kind have destroyed everything they ever touched due to their greed and love of money. America died as a nation when the Fed was created, ever since we have been in a downward spiral. Two world wars, Korea, Vietnam, Iraq, Afganistan, a cold war with Russia, all to serve the interests of bankers and their desire for global control. We got dragged in to wars we never belonged in, what the history books tell is not the reason why we went to war. It wasn't for glory, it was about control and money. As a nation we are poorer than ever, millions upon millions are hopeless and will never rise from poverty. We have degraded in to a ghetto nation while a very few have robbed the country and our future.
The destruction of currencies, gold, metals, oil, anything real! But bonds that have negative yields are a safe haven because criminal central banks print money to buy them! What a joke!
Stop listening to CNBC telling you the dollar is getting stronger, it is the Euro that is crashing! If you think this is a good thing you better think again! Central banks are out of control, they have no clue. You can not destroy a currency and think it has no effect on the hundreds of millions of people who earn and pay in Euros. European banks have to dump everything denominated in Euros now, they are taking huge losses!
I will take advantage and add to my gold and silver, these bankers will destroy your cash and it will affect the hyper leveraged markets which means your stocks will come crashing down as well. When this ends and reverses as criminal bankers are forced to exit their short Euro carry trade, everything paper will crash, oil will soar as will metals and foods. Nothing is free in life and the destruction of the Euro has serious implications. Your dollar isn't stronger, the Fed is out to destroy it as well with their "target" inflation. You just watch how fast inflation gets away from these idiots and when they have to raise rates they will crash the bond markets and we will have a crash on our hands far worse than 2008! You better have physical gold and silver folks, not their phony paper gold like GLD.
No one seems to think that the destruction of the Euro and Yen are a problem. The dollar is NOT getting stronger people, it is the Yen and Euro that are falling apart because of QE! You don't think it is a problem because you live in the US but Europeans are suffering big time! They have to buy everything they import in dollars. Oil, wheat, metals, they aren't seeing lower oil prices, they are seeing rising prices in Euro terms! The destruction of a currency is never a good thing and the sick part is you now have negative interest rates to boot! Your money is literally evaporating, being eaten up by QE(money printing) and bank fees. Do you think Europeans are happy to see their savings evaporate and the buying power of their currency losing 1.5% just today?
These insane central bankers have no clue what they are doing, they are supposed to protect their currency, not destroy it! This can only end badly, Wall Street is leveraged to the hilt in this sick carry trade. It will end just as the last carry trade did in 2007-2009, it was the Yen carry trade that caused the crash, the Yen went from 120+ to 77, at 50 to one leverage you can imagine how fast losses piled up. When this Euro carry trade implodes it will be epic and cause global markets to crash and it will be the central banks that are to blame.
This bubble is much bigger than the one in 2007, global debt has almost doubled since then! How would you like to be holding Euro bonds right now? You need not wonder why the ECB has to buy them, their banks are choking on them and there are NO BUYERS for anything denominated in Euros! You just lost 1.5% today holding Euros!