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Secretary Yellen on inflation being transitory: “I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand.”

Secretary Yellen on inflation being transitory: “I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand.”

Secretary Yellen on inflation being transitory: "I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand." from Bitcoin




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31 Comments

  1. So now they’re so badly out of excuses for wrecking the economy deliberately and methodically, that they just come out and say they’re fucking incompetent?

  2. Beautiful. From there is no inflation, to inflation is transitory, to no-one could have stopped inflation. Next stop will be inflation is good and you’re racist

  3. Economics is pretty simple. Price absorbs currency supply. They pumped so much money into the system over the last three years and voilà – inflation. It has nothing to do with supply chain issues or bottlenecks or Russia or anything else. But they don’t expect us to know this kind of stuff. . And sadly most don’t.

  4. Yet next time they print they will say the same shit. Cronies ass motherfuckers. Or they blame it on “demand” or corporate greed. Like no shit corporate profits are up they raised their prices

  5. With people like this running shit, WE’RE ALL FUCKED! We absolutely need crypto bc these incompetent morons are not doing anything to help anything. We need a trust less system!

  6. “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” – Satoshi

  7. How many years does it take to fix “supply chain bottlenecks”. Seems to be the new catch all for people who actually don’t know the specific reason for the shortage but still want to sound like they do.

  8. The real crime is the person who was stupid enough to hear the fugazzi word “transitory inflation” ….on MSM…..by a government official…..and actually believe it. If that’s you, give yourself a Darwin award.

  9. There’s no way regular people saw this coming and a powerful elite didn’t. Oh that’s right they don’t live in the same world the rest of us do. How are they in charge of money.

  10. “We created situations we knew would drain more wealth from you already broke peons and we’ll keep doing it. What are you going to do? Nothing. That’s right. You’ll do nothing!”

What do you think?

Bitcoin…..while many are expecting a final drop to 21k as it lines up with the 200 week sma, the market likes to do exactly opposite of popular expectation

“The journey to financial freedom begins with a single satoshi”