Former Office of Management and Budget director Mick Mulvaney discusses Janet Yellen’s claim that the US might have to intervene again to protect banks and the importance of community banks on ‘The Bottom Line.’
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States need to take isolationist approach in as many ways as possible leaning away from fed dollars that have specific demands. Asap.
Banks sell your mortgage to whomever they want you have NO say.
FIRE JANET YELLEN!
Dagen estimated net worth at age of 53..per the interwebs is about 5 million.
Avg net worth in america someone her age is $800k.
Median met worth…$160k.
Does dagen consider herself one of these rich people…or she's just an avg American in her eyes?
If she doesn't consider herself rich…and she has higher net worth than how many millions of Americans…is she not one of those she speaks of?
She doesn’t know much about she has done or what she is supposed to do. ????..Maybe she doesn’t want us to know. Needs o go.
When the fed and secretary kisses up to Biden, we are dooned.
They are walking us into Communism/socialism and it can’t be undone once it here 🤨 bye bye freedom
I DON'T !!!!
hahahaha China is a communist country XD this guy is living in 1980's
Yellin= incompetence
They believe the rest of us don't know she is lying. The fed waited too late to raise rates. The prints mg was f money trickles up to the top.
8:41 Is she drunk? 😂😂😂
The treasury under yellen is a joke. I can't believe the incompetent leadership from this hack.
Great. (NOT) Now rich people get to speculate risk free. All losses go to the poor tax taxpayer. While rich people keep their money off shore and untaxable. This sucks so bad. Good by true capitalism
Janet Yellen should obviously not be in there, she has absolutely destroyed me and my families savings and all that we worked for our entire lives. I knew this was coming when they inserted Biden into the WH, but I prayed that something would stop what is now here, but God had other plans for me and my family. Now I can only pray to survive this mess that the Biden appointed Yellen has created. Yellen like Biden both do not have the mental capacity to fight back against those who pull their strings, they're both two old people who believe they've earned the titles they were given, and neither give two cents about what their puppet masters have done to We The People the American citizenry. SMH, what a miserable time we are living and experiencing under this sham of an administration. 😢
We don't trust biden or yellen she is a liar
Yellen reminds me of the Walmart worker down the road.
YELLEN STANDS FOR THOSE WHO MUST CHEAT TO THRIVE.
"I love the fact that we were right even though the country is paying a price for it". That's because you are a rich, insensitive A$$H@LE!
Why would anyone believe cowardly Republicans like Mick Mullany , Jim Jordan, McCarthy, Kennedy, Perry, Massie, Mullen, Johnson, Rafael Felitio Cruz and other bigoted lawless Republicans? Nothing Christian about you Traitor's! Tax churches NOW!
I haven’t trusted Any Federal Agency’s Financials in Years ? When they’re wrong ( honest or not) there’s Never A Consequence ( with the occasional Promotion if the mistake helps a particular Narrative ). 😤
Need to put a limit on share holders.
I see both sides of the coin, BUT what a mess!
There needs to be a serious forensic investigation into SVB. I think it is very suspicious that this Venture Capitalist Firm even had a banking license. They accepted Bitcoin and other Cryptos as deposits from Americans and Foreigners alike. Many of these crypto deposits could be from illegal arm sales. Drug Cartels, Entities violating Russian/Iranian Sanctions etc. etc. Just who are we bailing out? The public deserves to know. The Bank Regulators had an office in the Bank and let this happen, WHY? It has all the markings of a Multi-Billion Dollar Money-Laundering Scheme. This was a massive Bank Liquidity problem that was permitted to exist right before the Regulators eyes. There was a purpose and reason for allowing SVB to exist and then go bankrupt. It did not just happen! There needs to be a criminal investigation into the depositors and where the deposits came from.
Don't trust treasury department Biden corruuption
Greed will be the end of us
Unbridled spending with a FED willing to ramp up interest rates and bailout any elites that get into trouble is a win-win-win for DC. They get funding for every pet project they can dream up with the working stiff paying for it all through increased interest rates while simultaneously protecting their campaign donors to help keep them in office. The only losers are the peon middle class … and no one in DC gives a rats about the working stiff.
This is what ALWAYS happens when you let government get too big
Yellen and her lies.
Truth is all Biden
Biden has made them corrupt
Any bailout ultimately is payed by the taxpayers although they speak economy complex manouvers talk. It is very simple; the vacum or the loss in the system comes from the Treasury printing or loaning money and that is citizens' money you need to pay by higher taxes, interest rates etc. spread into the future.
Support your local Credit union 😊
The people don’t trust anything that is being run under the democrats.
It will cause large cash holders to be less careful about how they store their assets. It is simply a way for the federal government to have access to the resources of people and can remove them at will. Nobody seems to understand the gall of these liberal Marxists. They are all about attaching resources for their own purposes. Just because it hasn't happened in this country before doesn't mean that neo-Marxists won't use prior applied methods used in other countries.
As if it hadn't been obvious with all the military "spending" aka illegal wars and the continual federal reserve note printing. The reckoning is coming
he forgot to tell the truth about the currency reset of CBDC
I don't know why anyone trusts Fox Business or Fox Noise at all, especially since the revelations from the Dominon defamation case…
Janet Yellen is proof positive that Aunt Clara on Bewitched really was immortal. Same inalienable common sense and razor sharp intellect.
Brics +
This is all intentional, IMO. They want to create a crisis to cause fear and force the consolidation of everything with a few very large banks so that they can better roll out their CBDC. Problem for them is that I don't think they'll get Congressional approval. The Fed causes this crisis and has a mandate to control inflation and employment. Time to end the Fed's control of currency and its continued theft of our money. There is NO REASON we should be borrowing our currency from a private institute (paying taxes so the government can pay the interest), especially when the Fed is the entity that caused the problem in the first place.
has Mick Mulvaney looked at what percent of USD is used as global reserve currency chart for the last 20 years?
I have. Many have. it's barely the majority now, and it was 80% at the start , 20 years ago.
Not in his kids lifetime? what a joke, we are lucky if we don't enter hyperinflation in the next 5 years.
The big banks all did fail but got bailouts and now they are failing again. Inflation is here to say.
Trump was correct, the FED needs to go. We need to stop Yellen… lol
To be honest Yellen doesn't seem to know her job unless it's my imagination
DEMOCRATS HAVE RUN OUT OF EXCUSES INCLUDING KING OF SPOKEN BLINKEN.
That's why we need politicians from diverse backgrounds and quit omitting the farmers and average rural people. It's not all about the seven major cities across the U.S.