Major economies should inject 'significant' support for global economy: Yellen

You can invite all to sell dollar! Why to play such games? ))

Not all major economies are as stupid as the US to pump more and more money into developing countries who are 99% corrupt to the core.

If you guys ever want to make a dollar in any market. You gotta get back to reality. You gotta get away from the Russian troll mentality of shit posting every good idea or fact.

Yellen is smart. And she is very right with her advice.

I hope our leaders aren’t soft in the head and listen to her.

Are you talking about Helicopter Ben's apprentice?!

"She is very right in her advice". A totally unprovable statement. In your words "shit posting".

Its probably just me, but I think that whatever it says is the opposite of what is actually good public policy.

Good luck losing money hand over fist

“Helicopter Ben’s Apprentice” a TOTALLY unprovable statement. Lol. I hate trolls. Especially ignorant ones.


She had called on congress for fiscal support near her entire term. The Republican Party wanted nothing of it. Their donors are fine with cheap interest rates and tax cuts. Care nothing for the working class health or structural US economy health.

Go eat rocks bud

ahhh bless

Yes. There is one clever way around avoiding this, and its been around for quite a while and by all reports is very successful - micro loans.

They go straight to the community (however defined) for a specific purpose. Avoids money passing through the hands of anyone with ill-intent, which includes politicians and charities and anyone associated with the UN.

I hate dumb analogies but here goes.

Our economy needs to grow apples.

We were slowing down to the point of unemployment, gdp yada yada.

So we lowered the cost of borrowing money for seeds...

But the ones who could take most advantage of cheap loans only wanted the bare minimum since their wallets were doing just fine. Why grow more if the majority of buyers are struggling and can’t afford them anyway?



So she requested. And still is 5+ years later. That congress step in and run a deficit to increase demand. Specifically to purchase more. This would instantly increase sales, jobs, incomes, on top of feeding the buyers by getting those apples picked and eaten (we can think of this as healthcare, internet access, education, repaired roads being boosted and helping a need. For individuals and businesses, better power grid helps everyone etc)

Republicans in their cult ideologies instead cut taxes for those who are already well off who don’t need anything really. Their needs are basically taken care of. And this slowed the speed of money circulation. For the rich they basically got a payday. Didn’t need anything with it, so they banked. Cash. Stocks. Bonds. Wherever. Just hoarding. Stock buybacks etc.

Sure the tiniest amount trickled down. The tiniest. Pathetic really.



Yellen wants to get those apples out to people and business now. On a historically cheap loan.

The apple growers will sell a lot of apples in this. The people eating them will strengthen and grow and demand even more down the road.

The apple growers finally get to work making more money on more production. Instead of more money on the same production via tax cut or lower interest rates. AHHH organic growth!

Now if apples are the wealth of the nation. When the borrowed money comes do. There’s a much larger pool of apples to tax. So if they borrowed 100 apples out of 1000/yr production. Later on you pay back 103 apples on an economy that produces 1200/yr or whatever.

Regardless, not only are the needs met for the people. You help capitalism. You get capital spent and invested when it’s being stockpiled.

And with China rising we have no time to wait and see

Yes, I've seen the movie "Being There" as well. Its a little slow and drawn out, but there is Peter Sellers and Shirley MacLaine.

Others have noticed similarities between advice provided like this and that of Chauncey Gardiner.

https://www.publishedreporter.com/20...ncey-gardiner/

I will call it babble.