Tuesday, March 31, 2015

Fed Chairman Janet Yellen states that cash has relatively little value

As the world begins to realize that the entire purpose of the Federal Reserve is to prop up stock markets and ensure the orderly flow of wealth from the 99% to the 1%, an interesting statement was made by the central bank Chairman Janet Yellen in San Francisco last week where she said that “cash is a not very convenient store of value”, and validated that the fiat currency that comes from the printing presses of the Fed is not money, but a tool to be used to regulate prices through inflation or deflation.

Video of Fed Chairman Janet Yellen stating that cash isn’t a good store of value

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