Ruh-Roe, Yellen Backtracks On “Transitory” Inflation Narritive
More corrupt government officials lying
Our treasury secretary and former Federal Reserve Chairwomen Janet Yellen admitted she got the inflation picture wrong. (truth-she lied and hoped we did not find out)
Treasury Secretary Janet Yellen acknowledged in an interview on Tuesday that she was “wrong” about “the path that inflation would take,” as the lagging COVID-19 pandemic and Russian invasion in Ukraine have kept prices persistently high.
During an interview with CNN’s Wolf Blitzer, the network played a clip of previous comments she made in 2021, in which she said inflation would be a “small risk” and added that she didn’t “anticipate that inflation is going to be a problem.”
“Well, look, I think I was wrong then about the path that inflation would take,” the Treasury secretary said when asked about her previous comments. “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t — at the time didn’t fully understand. But we recognize that now.”
Of course, I was not convinced that inflation was “transitory” which is code for inflation is not only here to stay, but will get much, much worse. Remember, when these revolving door officials tell you something, be very skeptical and plan on it NOT being true, a few examples:
The Affordable Care Act-keep your doctor, save on premiums.
The Patriot Act-Promised to Protect Americans From Terror Threats
Covid Relief Act-Help make Americans whole due to lockdowns, lost jobs, closed businesses, etc.
Infrastructure Bill-Rebuild Americans crumbling bridges, roads, airports
I could go on and on, but suffice to say we’re in a real pickle. I suggest listening to episode #465 of The Keith Snow Show to get more details on the federal reserve and also the government we live under.
Folks, please, please…stock up on seeds, food, education, farm animals, bushes trees, and gardens that produce food, we’re gonna need it.!