CNBC's Fed Cheerleader, Steve (Lies)man, can't believe the sound waves that reached his ears this morning:
In 17 yrs of covering the Fed, I have NEVER heard a Fed Chair accused of political bias as the House is doing now to Yellen
— Steve Liesman (@steveliesman) February 25, 2015
Perhaps (Lies)man also believes it really was the Tooth Fairy who was putting fiat dollars under his pillow.
Of course Yellen (and every Fed Chairman) is a political beast. Granted, the Fed Chair is also a tool of the banksters, but politics flows through its bloodstream. The Fed is a bankster/political creation. The Fed received its monopoly privileges from the government.
Does (Lies)man believe that government just hands out monopoly privileges for nothing in return?
Government wants wars in return....welfare programs....re-elections....power! The job of the banksters is to finance these things in return for its monopoly privileges and ability to live like Wolves on Wall Street.
Apparently this morning, some Republican Congressmen were doing their "out-of-power" thing with The Fed. You know...put a little bit of heat on the Chairman until you regain the Crown. Then once the Crown sits on top of a Republican head, the halls become silent. That's when the Democrats do the "out-of-power" thing. It's all routine.
Well, this time (Lies)man can't believe the disrespect! "NEVER" in his 17 years...
Perhaps (Lies)man should read a little bit of Ron Paul and this stuff wouldn't shock him so much. The good doctor has said repeatedly:
More importantly, the idea that the Federal Reserve is somehow independent of political considerations is laughable. Economists often refer to the political business cycle, where the Fed adjusts its policies to help or hurt incumbent politicians. Former Federal Reserve Chairman Arthur Burns exposed the truth behind the propaganda regarding Federal Reserve independence when he said, if the chairman didn’t do what the president wanted, the Federal Reserve “would lose its independence.”
Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.
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