Income Inequality: Who Does the Fed’s Janet Yellen Think She’s Fooling?


Fed Reserve boss Janet Yellen has taken to the stump to point out “income inequality,” an amorphous phrase indicating everybody except the elite are losing out economically.

The past several decades have seen the most sustained rise in inequality since the 19th century after more than 40 years of narrowing inequality following the Great Depression,” she said on Friday. “By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that time span and probably higher than for much of American history before then.”

“I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity,” Yellen said.

Yellen did not mention the fact this “inequality” is due largely to the inflationary policies of the Federal Reserve. The banker owned cartel specializes in engineering inflation by expanding the money supply and creating debt. The Fed is responsible for all the inflation Americans have experienced since 1913 when the cartel was formed.

“Inflation is an agent of poverty. It not only impacts the purchasing power of the lower income group, but also hits the financial capacity of the middle classes. High inflation destroys the wealth of the middle class,” writes Rakesh Wadhwa.

Not only is monetary inflation designed to increase poverty and misery, it is also intended to further enrich the mega-rich Yellen bemoans in her speech.

“Who benefits from inflation? Only those who are at the top of the pyramid and receive all that new money directly from the source,” writes Ron Paul.

Written by KURT NIMMO
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