Submitted by Tyler Durden on 03/27/2015 17:30 -0400
Intended warning or unintended slip? After Alan Greenspan’s confessional admission that
“Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,”
we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that
“cash in not a very convenient store of value,”
seemingly hinting at Bernanke’s helicopter and that there will be no deflation in The US ever…
Rick Santelli then sums it all up perfectly…
“deflation is clearly the boogeyman… and the only thing that will save the middle class.”
* * *
Yellen: “cash is not a convenient store of value”
* * *
So if cash is not a very convenient store of value… what is? Biotechs? As Rick Santelli explains… this is the scariest thing she has ever said…
Santelli: “deflation is the boogeyman… and the only thing that can save the middle class is lower prices”
I’ll take intended warning for 500 ADMIN.
Please remember TPTB have to give you some clue as to what they are up to ahead of time. It is in the rule book for planetary management.
It seems that gold and silver aren’t either.
I say she made a slip of the tongue……While it’s true that negative interest rates are cause for concern, what that implies is that banks don’t need our deposits. They have the fed to backstop them and the fed ultimately has the taxpayer to backstop them. So (their saying) spend your cash, as it is worthless OR we’ll inflate it away to nothingness.
As history has shown us time and time again, people slow and quietly go back to gold and silver, as the only means of settling debts.
When do we have another French Revolution? I’ll volunteer for gillotine duty!
Dutch,
I will be your backup when your arm is tired.