Janet Yellin: We Can ‘Absolutely’ Afford Two More Wars

While we are involved in non-stop T.V. war coverage, life in the U.S. continues. Yellin’s interview was easy to miss as she opines on Joe, inflation and war and more war.

Now that sure is a relief. Because she has always been spot on wrong on most things. Inflation being one of them.

U.S. Treasury Secretary Janet Yellen said the country can “absolutely” afford to financially support both Israel and Ukraine in their respective war efforts.

Here is how it works.

Asked in an interview with Britain’s Sky News on Monday whether the U.S. could afford to be providing military support to Israel and to Ukraine in its ongoing war with Russia, Yellen said “the answer is absolutely.”

Yellen said the need to release funds for both allies was a “priority” and called for Republicans in the House of Representatives to seat a speaker so that legislation can be passed, following the ousting of former Speaker Kevin McCarthy.

“We stand with Israel. America has also made clear to Israel, we’re working very closely with the Israelis, that they have a right to defend themselves,” Yellen told Sky News’ Wilfred Frost.

“But it’s important to try to spare innocent civilian lives to the maximum extent possible.”

Back in June of 2021 I posted this.

Yellen Concedes Inflation Is About To Surge, Says It Will Be A “Plus For Society”

Why? Because soaring inflation is good for you.

“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in an interview with Bloomberg. And yes, she really said that.

“We’ve been fighting inflation that’s too low and interest rates that are too low now for a decade,” the former Federal Reserve chair said, adding that “we want them to go back to” a normal interest rate environment, “and if this helps a little bit to alleviate things then that’s not a bad thing — that’s a good thing.”

It wasn’t immediately clear why rising rates, hence inflation and a drop in one’s purchasing power is “a plus for society’s point of view” but needless to say, this is the kind of idiotic drivel that Rudy von Havenstein and his cronies said some time in 1921, just around the time Weimer hyperinflation kicked in.

For those who have forgotten what groceries look like. More of a visual aid.

Another angle-

So let’s get back to the task at hand. Note she keeps shaking her head no as she says yes.

But of course all is well. Certainly.

Janet Yellen: “The American economy is doing extremely well.”

BONUS TIME from Bunk: Janet Yellin Earned $7.2 Million in Speaking Fees last two years, says inflation insignificant

The best of the swamp.

Source: https://bunkerville.wordpress.com/2023/10/18/janet-yellin-we-can-absolutely-afford-two-more-wars/