She cannot be helped.
Former Fed Chair and current U.S. Treasury Secretary under the Biden Regime, Janet Yellen, is directly responsible for the most reckless spending and inflationary monetary policy this Republic has ever seen.
Under Yellen’s chairmanship, the Federal Reserve saw years of nearly zero percent interest rates for banks to borrow money, which causes massive inflation and punishes savers.
This policy, of course, continues to make her banker cronies piles of cash when they lend that same capital out at steeply higher rates for things like lines of credit, auto and even mortgage loans.
As you may also remember, Yellen pumped up a dangerous stock market bubble and doled out special deals to her insider friends, which has further enabled Congress' accelerating and out-of-control spending spree.
Now Yellen as Treasury Secretary is lobbying for a massive tax increase on you and me in order pay for at least $4 Trillion more in pork barrel spending. But even that premise is a lie because the massive deficits are due to the out-of-control spending.
Tax receipts have never been higher!
This is fiscal insanity.
In fact, the situation with the debt is so dire that a Chicago-based group has taken notice of a big discrepancy in how the total national debt has been calculated and has released a report called “The Financial State of the Union 2021”:
>>>The federal government has $5.95 trillion in assets compared to $129.06 trillion worth of bills
>>>The outcome is a $123.11 trillion shortfall, which breaks down to a burden of $796,000 per federal taxpayer
>>>This means that each taxpayer would have to pay $796,000 to get the United States government out of debt
>>>The outcome is a $123.11 trillion shortfall, which breaks down to a burden of $796,000 per federal taxpayer
>>>This means that each taxpayer would have to pay $796,000 to get the United States government out of debt
Because of this massive amount of debt and repeatedly poor financial decisions made by lawmakers, TIA gave the U.S. government an “F” grade for its financial condition.
With over $5 Trillion in “bailouts” due to the mandatory lockdown of the economy in the last 13 months, the status of the dollar as the “World’s Reserve Currency” -- or even a stable one -- is very much in question.
Patriot, the consequence of losing that status is something I don’t even want to think about because the results could be very tragic for our nation and our standard of living.
So what’s Yellen’s answer to close this “$123 Trillion shortfall,” with only an estimated $5.95 Trillion in assets?
She’s promoting the idea of taxing her way out of it, which is a preposterous idea and will only lead to more carnage for small businesses and the free market economy, which are already on life support.
Not only is she proposing an increase in the current 21% corporate tax rate to 28%, but she also wants to ensnare our country in a global corporate taxation scheme that will further erode national sovereignty and put U.S. based businesses under global government.
It’s been branded as a “Global Minimum Tax,” but it’s simply just more robbery of businesses and workers by the central banking cartel.
There is no taxation scheme that D.C. bureaucrats like Yellen won’t entertain, if it means lining the pockets of her cronies at the expense of the rest of us!
Yellen and her big spending buddies in Congress create the problem with this massive and unsustainable deficit, only to “discover” the solution, which is more taxes and more inflation, while you and I lose the value of our savings and our assets.
It’s time Janet Yellen is finally held to account for the damage she has done, before she makes it many more times worse with her scheming.
Campaign for Liberty has been educating and informing the public about the dangerous practices of the central banking cartel and the need for a full audit of the Federal Reserve for 13 years. Your generous donation of $50, $75, $150, or whatever you can afford will keep us in the fight!
I am more confident than ever transparency is the way to solve our monetary and inflation crisis, but Janet Yellen is one of the biggest villains standing in the way.
She has publicly threatened to “forcefully” oppose passage of Audit the Fed -- even predicting Chicken Little horrors if the Federal Reserve's actions are ever exposed!
Yellen is just as guilty of fearmongering as any of the Corona-tyrants that we’ve seen during this pandemic and she shows no signs of slowing down as Treasury Secretary.
And with our economy in shambles after the lockdowns and closures, more and more Americans are waking up to the fact that another financial crisis is looming just around the corner.
The only solution to Yellen’s fiscal insanity is to bring back a sound dollar and transparency of the Federal Reserve, which is what we’ll continue to fight for.
For Liberty,
John McCardell
Executive Director
Campaign for Liberty
P.S. The revelations that our national debt is actually closer to $123 Trillion should show you just how far the political class will go to protect their interests. They are inflating away our grandchildren’s future, while claiming that they have it all under control as we careen into a bigger financial calamity than 2008.
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Campaign for Liberty is to promote and defend the great American principles of individual liberty, constitutional government, sound money, free
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