@@davidanalyst671 i am referring to the whole scene, how people speak to each other, lack of ability, lack of respect, lack of integrity on the part of everyone. Depressing.
Look, think for a minute, interest rates fluctuate, at the moment it is high, it would sheer stupidity to lock in a 10 year bond at 4.4% every year. If rates fall steeply then go for a 10 year rate then. Yellen is right, Mr Kennedy is wrong.
they... speak.. very...slow...crackled....speech...in.. well... let.... me inf...orm.. you....in..regards...to...the...bu....d...get... de...fi..................ci.....t. 3rd, 4th, 5th graders conversing, fighting, arguing, interrupting. No concrete questions, no concrete answers, each the senator and the the secretary talk, speak their own opinion, neither of the both listening. no solid hard pounding answers, no hard solid real-time budget numbers, only speculations, deviations, calculations, estimates, approximations, variations. Nothing fixed, everyone is disconnected from a main BUDGET sheet. Its ONE FEDERAL GOVERNMENT, with 100+ agency budgets. How hard can it be to balance one budget?
@@pcproffy You mean the bill he was forced to sign under the threat of having his veto overruled? And how do you feel about the debt accrued since Joe got in?
Well she is all ivy league and all that...but perhaps too poindexter to even care what inflation has done to the middle class. She just thinks our savings should weather us. Thanks for NOTHING Yellen!
216.1 TRILLION in unfunded liabilities. Which includes SS, Medicare part A, B and D, Federal debt held by the public, Federal employee and Veterans benefits.
We pay the interest (going up rapidly), highly unlikely any principal can ever be repaid. The figures will continue to inflate to the point of "no longer possible", Wiemar Republic sequel, self imposed by a non functional ruling class.
Neither one. This is a strategy. She pays 1% more for these bonds now, and thhe bonds mature in 2 years... in two years when the fed has lower rates, then the debt pays out 2 or 3%. If she sells 10 year bonds at 4% over the long term, the tax payer actually pays out more money
My Late Grandmother, who did not have any College degrees, was the most savvy financial Investor that was part of my life. She would have put that dope Yellen to shame.
The reason the national debt is so high is the constant tax cuts given to the ultra-wealthy. So when we send billions of dollars overseas (Ukraine, Israel, Taiwan, etc), every dollar is about 70% the working class & 30% wealthy individuals & corporations. When you see corporate buybacks, it's money they've saved in not paying an equitable portion of their profits toward taxation. We are footing the bill for these losers. BOTH sides are too busy taking "corporate donations," aka legalized bribery, to give a sh*t about the working class paying to fund this useless government. 🤬
@@JohnCFry The items you listed are necessary to keep the empire dominant. Otherwise you cannot rule. What alternative do you suggest? You as a worker aren't actually valuable.
@@GFRESH636 End corporate subsidies. Raise the corporate tax to where it was before. Close tax loopholes for the ultra-wealthy. Increase funding for IRS Criminal, so they are staffed to accommodate finding those that avoid taxes
@@JohnCFry The economy isn't strong. You can't raise corporate tax in such a scenario, then you introduce even more stagnation. Would solve inflation though, at the expense of people going dead broke.
@@bli3366and sadly only %8 of us census but owns %30 of cabinet besides all CEOs executives of ngos media banking system intelligence CDC military industrial complex are also magically from this same %8 of census mathematically impossible in representational gobernment system or republic or capitalism lmao but these are golden years of usury of rootless metropolitans for agenda 2030 great reset CBDC project embridge and more cant imagine how they achieved here since 911 lmao God bless America cheers from Turkey vote for trump
im a conservative and hate everything about the fed and the people there... but this was johns most embarassing moment ive seen, im sad to say hes not pointing out what we all see, this was just him refusing, or unable, to see the point she was making
@@wasdwasdedsf Your observation and comment appreciated. What's not brought into play is any 10 to 15+ year bond has multiple maturities between issue and final payout. 3 to 5 years rates are higher. It's the total average yield at say 4.4% over the entire bond life. So any investor can earn varying yiels as well as higher returns if the long term rate drops further. Those 4.4% them sell at premiums. So it's not just short vs long. Even there again there was no discussion about overnight rates set by the Fed everyday. Nor the comparison between bonds and notes. Yeah, a bit more complicated but Yellen is stupid. Riding the market trend is a cover. The Fed is a major market maker.
Money is debt so in order for this Ponzi scheme to keep going they have no choice but to continue to issue debt and inflate to pay off the minimum they owe.
It will take generations to get back to where we were before the Biden crime family and the Democrats came into power.. our great grandchildren won’t see that day.. Charge Biden, Harris,Myorkas and Wray, etc.. with treason for the damage done to our country.. we have to have accountability..Trump in November..
Kennedy actually prays on incompetence masquerading as common sense. Common sense says 5% is higher than 4%, but 5% for one year returns less than 4% for 10 years. If that 1 year bond is at 3.5% interest a year from now, then all of a sudden we're saving money compared to the 10 year bond.
The main issue is that they are selling way more short term than usual. Therefore serging the economy with more money in a short period of time. This is more costly for tax payers and that wont be noticed until after the elections. Which is super shady.
Our USA Government looks like a nursing home that is overcrowded with residents that are desperate to hold onto their jobs; she needs to retire, along with Biden!
I'm not taking her side - but she knows EXACTLY what she's doing. Treasury Secretary Janet Yellen is following direct orders to bolster the economy prior to the completion of Primary Elections and well before a General Election. All of this financial witchcraft and feigned heroism is brought to by Biden's Financial Advisors - at the increased long term expense of the taxpayers.
@cleverkittn Did you hear Garlands voice cracking when said he wouldn't be intimidated? Didn't sound very convincing. I cannot stand his voice. His constant lies and obfuscation just makes it worse.
She has a liberal staff and they work under her they are writing their own agenda. She's just answering for depth and role. The problem is these people are paid under the table to help China
@@admiller67 Lets see Biden stole classified documents from his time as a senator long before he was President or even VP, Yellen, Garland, Mayorkas, and Wray all lying under oath to congress.
@@dmaz123 When I graduated college after my service to this country, we were #1 in the world on education. Now we are 38th and falling because over 90% of teachers in education are liberals. So yeah, education system is broken. Guess who is 90% plus to blame for it. Now look in the mirror cause obviously you came from that broken system.
@@dmaz123thank god someone else here knows this lmao it’s like when getting a home loan today do you do conventional and have to pay to refinance later or do an ARM 5/1 or 5/3 and expect interest rates to lower in the next 5 years.
Okay I have to say that Kennedy is an American Patriot and I would have no problem traveling through the state he represents because the people must have common sense🤗🇺🇸1ST.2024
no, this makes sense. Janet yellen really needs to stop spending all this money that congress tells her to. that would make sense. But what Janet yellen is doing is issuing short term bonds at a higher rate, instead of long term bonds at a high--ish rate, so that in 2 years, when the federal reserve has presumably lowered rates back to 2 or 3% the debt payments will be lower.
Love it ..I was 18 years into a 30 year mortgage . Got stage 4 cancer and slipped up , Came under foreclosure and had to do loss mitigation .Now with interest high and a mortgage company with a little mercy . I get to start all over again . Same house. Payments went up 25% per month and 40 years from now to go till it's paid off .. So essentially a 58 year mortgage.. Only 479 more monthly payments to go ..
I am a total simpleton. I could not really follow this. I do know that if I spend more than I have, i am in deep shit. The government has never figured that out, or has (yet) to face the consequences.
Out of all these hearings of all these prominent government officials being brought in front of Congress. When is the last time someone has actually gone to jail or has been fired?
I am not a fan of Yellen and I love SEN Kennedy, but she's right here. When you issue ten year debt at 4%, you are locked into that 4% rate for ten years. Even if the prime rate decreases to 3%, you are still obligated to pay 4%. When you issue one year debt at 5%, you are only locked into 5% for one year, and after that, you can take advantage of any rate decreases. Yellin's Fed is betting that rates will come down in a year (after President Trump is reelected!), and will remain below 4% for the ten year horizon.
@davidanalyst671 biggest deficit in the entire history of the USA and rising. Oh, but she's saving Americas money ! Would you like to explain where and how ? If there a deficit then she's spending more that saving dumb dumb 😂
That is amazing, first time to know Secretary of Treasury has no supervision on banking system. Then I know, it's under supervision of Federal Reserve Bank, because she told that.
Bill Clinton appointed her to the federal reserve back in 1994 and she’s been failing upward ever since. She’s also a professor at Berkeley.. Of course.
It's considerably, considerably worse than Kennedy lays out here. See Stanley Drunkenmiller's remarks on this topic in October 2023, where he says that Yellen made the biggest mistake in the history of the treasury (literally) when she did not lock in very long term near-zero rates. The cost here is almost impossible to believe.
THEY SHOW HER MUCH MORE RESPECT THEN THEY SHOULD SHE IS AN AMERICAN DESTORYER.
I just thought of it...WTH is wrong with this picture...regarding a criminal crook a lady...???
All the above.
she’s layer sneak evol. Prosecutor
The most dangerous person in America!
this is so depressing. totally,totally depressing.
shes saving you money in taxes. Thats not depressing. She has a strategy and john doesn't let her explain it.
@@davidanalyst671 i am referring to the whole scene, how people speak to each other, lack of ability, lack of respect, lack of integrity on the part of everyone. Depressing.
Wow these old people in government must be out and the younger people replace them .there is too many oldies in governments 💀💀💀
"we don't try to time the market" then 3 minutes later "market participants believe short term yields will drop".
Gosh, the USD is done.
Respect for Sen Kennedy 🇺🇸🇺🇸🇺🇸
why? he's wrong... and doesn't know math and he's momma apparently raise 2 fools
@@dmaz123 And your momma raised a grammatical genius. NOT!!!
@@dmaz123you need to take Economics 101
Look, think for a minute, interest rates fluctuate, at the moment it is high, it would sheer stupidity to lock in a 10 year bond at 4.4% every year. If rates fall steeply then go for a 10 year rate then. Yellen is right, Mr Kennedy is wrong.
What is gonna lower rates right now? The system is fucked up@@phann860
Crooks all of them, smoke and mirrors
If 2008 taught us anything, is that all of high finance is smoke and mirrors.
they... speak.. very...slow...crackled....speech...in.. well... let.... me inf...orm.. you....in..regards...to...the...bu....d...get... de...fi..................ci.....t.
3rd, 4th, 5th graders conversing, fighting, arguing, interrupting. No concrete questions, no concrete answers, each the senator and the the secretary talk, speak their own opinion, neither of the both listening. no solid hard pounding answers, no hard solid real-time budget numbers, only speculations, deviations, calculations, estimates, approximations, variations.
Nothing fixed, everyone is disconnected from a main BUDGET sheet. Its ONE FEDERAL GOVERNMENT, with 100+ agency budgets. How hard can it be to balance one budget?
Hurray, Kennendy you are the best!!! I love you!!!
He doesn’t understand what this is all about
John Kennedy is a national treasure. Thank you Sen. Kennedy for keeping the US Government on its toes.
Errr....nothing's changed, except you now know...
Sen. Kennedy is a very smart man we need him in the white House
U called him Senator 😂😂
Which means White House😂😂😂
I ment as VP
He would make a better Secretary of the Treasury than Granny Yellen.
YES.
I like him where he’s at calling out balls and strikes with judicial nominees and corrupt agency directors.
Stop giving money to other countries if we can't afford our own. Geez, common freaking sense. These ppl have lost their minds
Fire this woman
Pres. Trump will; just a matter of time.
Absolutely.
@@dancinginabundance 🙏🏻
@@dancinginabundance Nov 5 can’t get here fast enough!
You sure it’s a woman? 😂
Thank you sen Kennedy!@ well said,your mamma raised a Genius
I'm always impressed by the fact that senator kennedy Always does his homework...(kudos to his staff!good job
She's Caught!
Tax payers are fed up with Washington’s irresponsibility and ignorant printing and spending
How about personal trades by politicians “timing the market”?
I bet you were really pissed when Trump added as much debt in 4 years as Obama did in 8.
@@pcproffy You mean the bill he was forced to sign under the threat of having his veto overruled?
And how do you feel about the debt accrued since Joe got in?
No they keep electing the same politicians
@@ExecutiveZombieyes! We are tired of All Of It!!!!!! 😅
This woman needs to be in assisted living, not Secretary of the Treasury. Are you frigging kidding me?
Well she is all ivy league and all that...but perhaps too poindexter to even care what inflation has done to the middle class. She just thinks our savings should weather us. Thanks for NOTHING Yellen!
@@kpirron7635at this point she might as well have bought her degree. The real story is that she's a dual citizen. It all makes sense then.
Janet Yellen testifies before the Senate Looter's Committee.
She and Biden must be in home for the aged
She is a female version of kissinger
Yellen & her cronies are doing all they can to make money for themselves and have us, regular Americans PAY FOR IT.
216.1 TRILLION in unfunded liabilities.
Which includes SS, Medicare part A, B and D, Federal debt held by the public, Federal employee and Veterans benefits.
@@suzankephart8461Whi cares? Crank up the printing presses.
We pay the interest (going up rapidly), highly unlikely any principal can ever be repaid. The figures will continue to inflate to the point of "no longer possible", Wiemar Republic sequel, self imposed by a non functional ruling class.
Let in all migrants put everyone on cbdc and now you're in a corner LOL
No
You really hit the nail on the head Mr Kennedy I'm glad you're cornering this old lying failure
Its a shame most Americans dont understand the concepts of monetary policy.
And he is a good examplw
She's either corrupt or incompetent either way she's got to go
@@Odetojoyous Both
Both...
Both
Neither one. This is a strategy. She pays 1% more for these bonds now, and thhe bonds mature in 2 years... in two years when the fed has lower rates, then the debt pays out 2 or 3%. If she sells 10 year bonds at 4% over the long term, the tax payer actually pays out more money
@davidanalyst671 Yeah, and that's why the debt just keeps getting more and more under her watch !
J.Kennedy is soooo smart
Jail her ,sue her ,kick her out of office,do something to stop her now time for action not talk talk talk
My Late Grandmother, who did not have any College degrees, was the most savvy financial Investor that was part of my life. She would have put that dope Yellen to shame.
Mr. Kennedy, we are so lucky to have you there!❤🙏 may God bless you always.
@@NJacanaEver heard of the term that you don't make the poor richer by making the rich poorer ?
I'll wait
He should read a book on how bonds work. Yellen math was correct. The Fed does suck tho.
216.1 TRILLION in
unfunded liabilities
The reason the national debt is so high is the constant tax cuts given to the ultra-wealthy. So when we send billions of dollars overseas (Ukraine, Israel, Taiwan, etc), every dollar is about 70% the working class & 30% wealthy individuals & corporations. When you see corporate buybacks, it's money they've saved in not paying an equitable portion of their profits toward taxation. We are footing the bill for these losers. BOTH sides are too busy taking "corporate donations," aka legalized bribery, to give a sh*t about the working class paying to fund this useless government. 🤬
Food for thought: one trillion seconds = 31,000 years.
@@JohnCFry The items you listed are necessary to keep the empire dominant. Otherwise you cannot rule. What alternative do you suggest? You as a worker aren't actually valuable.
@@GFRESH636 End corporate subsidies. Raise the corporate tax to where it was before. Close tax loopholes for the ultra-wealthy. Increase funding for IRS Criminal, so they are staffed to accommodate finding those that avoid taxes
@@JohnCFry The economy isn't strong. You can't raise corporate tax in such a scenario, then you introduce even more stagnation. Would solve inflation though, at the expense of people going dead broke.
She's the Least Qualified Woman for the Job...... Perfect!
She isn't doing anything more than repeating what she is paid to.
She's a dual citizen. I'd consider her a spy
This woman has always stood out as a sneaky and corrupt individual.
And has been buddies with Mr Kennedy for a very long time. I don't trust either of them
@@timchamberlin9280 Naaah, just some dumb deadsoul.
That's what you were told, right?
her whole tribe is sneaky and corrupt...
@@bli3366and sadly only %8 of us census but owns %30 of cabinet besides all CEOs executives of ngos media banking system intelligence CDC military industrial complex are also magically from this same %8 of census mathematically impossible in representational gobernment system or republic or capitalism lmao but these are golden years of usury of rootless metropolitans for agenda 2030 great reset CBDC project embridge and more cant imagine how they achieved here since 911 lmao God bless America cheers from Turkey vote for trump
1.6 TRILLION OVER SPENDING.....THAT IS UNACEPTABLE, WHO TF IS GOING TO PAY THAT???
What in the absolute hell is happening here? I can’t believe my ears . This woman is truly talking a mouth full of marbles.
Forced retirement...just like in the real world.
@@learnbyheart7yes but in prison!
im a conservative and hate everything about the fed and the people there... but this was johns most embarassing moment ive seen, im sad to say
hes not pointing out what we all see, this was just him refusing, or unable, to see the point she was making
Our economy is being purposely collapsed. Remember Germany in the 1920s? We're there. DJT will be used to prep us for World War.
@@wasdwasdedsf
Your observation and comment appreciated. What's not brought into play is any 10 to 15+ year bond has multiple maturities between issue and final payout. 3 to 5 years rates are higher. It's the total average yield at say 4.4% over the entire bond life. So any investor can earn varying yiels as well as higher returns if the long term rate drops further. Those 4.4% them sell at premiums. So it's not just short vs long. Even there again there was no discussion about overnight rates set by the Fed everyday. Nor the comparison between bonds and notes. Yeah, a bit more complicated but Yellen is stupid. Riding the market trend is a cover. The Fed is a major market maker.
Why not just quit spending money you don’t have.
Stop having opinions on things you don’t know anything about
Money is debt so in order for this Ponzi scheme to keep going they have no choice but to continue to issue debt and inflate to pay off the minimum they owe.
BORROWING is the problem. NOT THE RATES. At 130years combined they haven’t figured that out yet.
It will take generations to get back to where we were before the Biden crime family and the Democrats came into power.. our great grandchildren won’t see that day.. Charge Biden, Harris,Myorkas and Wray, etc.. with treason for the damage done to our country.. we have to have accountability..Trump in November..
Thank you Senator Kennedy for pointing out what we all see !!! This administration has not one ounce of common sense this women's a joke !!!!! 😂😂😂😂
Kennedy actually prays on incompetence masquerading as common sense. Common sense says 5% is higher than 4%, but 5% for one year returns less than 4% for 10 years.
If that 1 year bond is at 3.5% interest a year from now, then all of a sudden we're saving money compared to the 10 year bond.
@@christopher3287p
So why doesn't she just admit that she is trying to time the market 🤔
@@leannecawley1787 because what she's describing isn't timing the market. Senator Kennedy WANTS people to think that is what the Fed is doing
Short term 5.4%, but long term rates will go down. She is not a joke, but sensible.
We are doomed having these clowns in the present administration.
DEI
She's a dual citizen.
Jews, you mean
Eeexxxaaaccctttlllyyy . And we are having the same dumb deadsouls here in our old Eu.
The main issue is that they are selling way more short term than usual. Therefore serging the economy with more money in a short period of time. This is more costly for tax payers and that wont be noticed until after the elections. Which is super shady.
She's 77 years old. Won't retire unless she's hours from death. Set a short term limit on these positions, please.
Like Nancy Pelosi!
82 years old is young. Come on 😊😅😂
Like Robert Byrd.
Our USA Government looks like a nursing home that is overcrowded with residents that are desperate to hold onto their jobs; she needs to retire, along with Biden!
It’s not the age, it’s the ideology that’s dangerous. The crooked democrats would just replace her with another puppet.
Just remember, she was in charge back in 08. We all know how that turned out.
She was horrible then too.
And she's still very much around, sent to foreign countries even, to bargain for the US government.
wtf are these ppl allowed to stay in DC
Fire her and all the rest of them
She has absolutely NO CLUE about anything.. she needs to be FIRED!
She needs to be jailed.
Sorry you don't understand the difference between 3 month vs 10 year bonds.
I'm not taking her side - but she knows EXACTLY what she's doing. Treasury Secretary Janet Yellen is following direct orders to bolster the economy prior to the completion of Primary Elections and well before a General Election.
All of this financial witchcraft and feigned heroism is brought to by Biden's Financial Advisors - at the increased long term expense of the taxpayers.
Her and Mayorkas act creepily familiar.
CoMMies
Oh !! I was thinking that exact same thing!!
She and Garland sound exactly alike
@cleverkittn Did you hear Garlands voice cracking when said he wouldn't be intimidated? Didn't sound very convincing. I cannot stand his voice. His constant lies and obfuscation just makes it worse.
They're both from the exact same tribe, just like the rest of Sloppy Joe's administration.
the way you know people are lying is that they OVERTALK their answers
I wouldnt let her be in charge of pouring slurpees at a 7-11 let alone be in charge of finances
I wouldn't give her a roll of pennies and tell her to put them in a piggy bank.
She wouldn't qualify according to Bidumb she would need a slight Indian accent. My daughter pours her own Slurpee's.
These so called "smart people" are the reason we have so much debt as a country.
"Never estimate the damage smart people can do." - Thomas Sowell
Smart with manipulating words.
The market participants is whose interests she works to promote
its time to drain the swamp. I wouldn't let these people watch my dog. for the weekend.
Or for an hour!
Kennedy is awesome
Just another Tre Gowdy
She's lying & she knows it.
Jews doesnt lie
She is US Federal Reserve Chameleon. To and fro.
She has a liberal staff and they work under her they are writing their own agenda. She's just answering for depth and role. The problem is these people are paid under the table to help China
Granny Yelland, queen of the useless dwarfs.
LMAO
😂
Oh, she's useful alright. But only useful for those she intends to be useful to - and for.
To back everyone into a corner they can't get out of LOL
Hey, She makes Granny’s look bad……she’s in a separate class…..the criminal class…..
This clip should be viewed on every network to show how bad the American taxpayer is getting screwed
You will NEVER see the truth on network TV.
This is a strategy. you aren't smart enough to see it. Would you rather pay 5% for two years, and then 2% for the next years, or B, 4% for 10 years?
It literally doesn't matter because the banks are broke and the American people are broker.
@@davidanalyst671 Nonsense it is INCOMPETENCE!
Agreed 100%
She is lieing she is trying to time the market fire her
She's not qualified to use an ATM.
Totally agree she has fed brain.
😂😂😂😂😂
Don’t talk too much because she’s working for the best hedge fund company in America!
she needs to be in prison regardless of position or age.
Yes, sheand lots of DemoncRats need to retire behind bars. Pelousi and Maxine and lots of old politians too
Fiscal irresponsibility needs to be a visit to prison.
That would require an ACTUAL opposition party.
Yeah, under Trump he added over 8 trillions to the debt to give his billionaire friends tax breaks, that is the real crime! 🥺
Yellen , Garland , Mayorkas , Wray should be in jail.
You forgot the head of the snake FJB
Oy vey
For what ? Cite some actual crimes and the evidence that exists to prove them beyond a reasonable doubt
You forgot Gina raimondo she left us here in Rhode Island a giant mess. We were shocked when Biden hide her.
@@admiller67 Lets see Biden stole classified documents from his time as a senator long before he was President or even VP, Yellen, Garland, Mayorkas, and Wray all lying under oath to congress.
Thank you Senator!
A houseplant knows economics better than her and this admin.
Got that right.
Yellen is right... I blame our education system for comments like this
@@dmaz123 When I graduated college after my service to this country, we were #1 in the world on education. Now we are 38th and falling because over 90% of teachers in education are liberals. So yeah, education system is broken. Guess who is 90% plus to blame for it. Now look in the mirror cause obviously you came from that broken system.
@@dmaz123thank god someone else here knows this lmao it’s like when getting a home loan today do you do conventional and have to pay to refinance later or do an ARM 5/1 or 5/3 and expect interest rates to lower in the next 5 years.
I'm pretty confident yellen knows more about economics than anyone in the comments. She's immoral.
Yellen is the poster child for INCOMPETENCE! God help us from the democrats!
Agreed. It seems everyone in the Biden Regime is incompetent. God have mercy on the pain and suffering these people have caused.
Trump added more debt in 4 years than Obama added in 8.
She serves both parties
God Will!
@@Abdul-nt9uku cant tell these dummys nothing may God help us
Its like the patient arguing with the doctor as to why it's still hurts.
*YELLEN KNOWS WHATS SHE IS DOING, OBAMA TELLS HER!*
Obama was a front guy, check out who train/mentored him.
This is what so many people have, do, and will have fought, have suffered, have bled and have died for.
It’s a complete disgrace; Biden and gang have NO shame though. Psychopaths.
Okay I have to say that Kennedy is an American Patriot and I would have no problem traveling through the state he represents because the people must have common sense🤗🇺🇸1ST.2024
How incompetent! How Destructive!
Everyone in this administration is full of crap.
Their plan is to ruin our country! She and lots of DemoncRats need to retire behind bars!
And they all speak with the same type of nonsense
They were hand picked for their crap content.
no, this makes sense. Janet yellen really needs to stop spending all this money that congress tells her to. that would make sense. But what Janet yellen is doing is issuing short term bonds at a higher rate, instead of long term bonds at a high--ish rate, so that in 2 years, when the federal reserve has presumably lowered rates back to 2 or 3% the debt payments will be lower.
It's too late. The economic downturn is already here. She's just tightening for the next 6 months until after the election.
Good straight questions from the man
Love it ..I was 18 years into a 30 year mortgage . Got stage 4 cancer and slipped up , Came under foreclosure and had to do loss mitigation .Now with interest high and a mortgage company with a little mercy . I get to start all over again . Same house. Payments went up 25% per month and 40 years from now to go till it's paid off .. So essentially a 58 year mortgage.. Only 479 more monthly payments to go ..
Take care of yourself. I hope you are in remission.
🙏🙏🙏
@@megansummersides4255 Thank you ..Other's prayers is what has kept me
I bet they believe you should be grateful for their kindness
Dam. And I thought I had it bad
Prayers your way friend.
If Ms. Yellen were my personal accountant, I'd go broke...
Idk, she's pretty good at insider trading..just look at her millions she made off of gamestop
When that comes crashing down, I wouldn't want to be anywhere near that...
If Janet Yellen were your accountant--You would end up in Jail for financial crimes :-D
Johns my favorite senator
She is not fiscally responsible
She wouldn’t do this with her own money. But she has no problem doing it with taxpayer money.
Or, physically attractive 😅
Not by a long shot.
@@chameleon2432She's a tribe member. That's what they do.
You ever heard of a Chinese finger trap
I am so sick of all the election schemes.
In regards to this lady - thank god humans are not immortal!
Where do the Democrats dredge up there people? Surely they can find somebody who is under 100 years old?
It's because of who and what she represents. That's why she gets that position, not because of her intelligence if any lol
Because that’s who he is and his best con men are in jail. But no fear he will take a few new ones out from under their rocks
Kennedy: Why you doing that?
Yellen: Because it ain’t my money.
Go home, Gramma.
Geez no wonder the economy is stuffed….basic economics fail 101.
Goodwill Bag Lady
😂😂
Ya, maybe in a trainee position only.
Yes a goodwill bag lady, but she’s doing the same thing to the rest of us. She wants inflation, she needs inflation!!!
I am a total simpleton. I could not really follow this. I do know that if I spend more than I have, i am in deep shit. The government has never figured that out, or has (yet) to face the consequences.
Out of all these hearings of all these prominent government officials being brought in front of Congress. When is the last time someone has actually gone to jail or has been fired?
Never, apparently. The rest of us would be jailed. When you're in government, you can be a proven liar (and incompetent), and GET AWAY WITH IT!!)
yet a Presidential nominee is a felon for putting a number in the wrong place....Banana Republic.
It’s all just to waste our time so we don’t rise to our highest potential
This whole administration is incompetent.
And purely evil--a mortal enemy to all American citizens.
Not incompetent, just totally corrupt, and all owned lock stock and barrel.
Got that right.
but at least no convictions or indictments
It is Incompetence, and on purpose. That's what America is going to Sh*t in less than 4 years.
I am not a fan of Yellen and I love SEN Kennedy, but she's right here. When you issue ten year debt at 4%, you are locked into that 4% rate for ten years. Even if the prime rate decreases to 3%, you are still obligated to pay 4%. When you issue one year debt at 5%, you are only locked into 5% for one year, and after that, you can take advantage of any rate decreases. Yellin's Fed is betting that rates will come down in a year (after President Trump is reelected!), and will remain below 4% for the ten year horizon.
Wake up people, these are ALL paid actors.
John Kennedy is a GOAT in Washington. Wish we had more of him.
We have another Kennedy running for president 🙌
А что с ним случилось? Почему его нет? Простите моё незнание..
The senator is right.
Third term Obama people..
She actually was there under Clinton in the late 90s
I hope Trump goes after these people
This should be criminal 😤
shes saving taxpayers money. pay closer attention. John didn't let her explain
It is the DOJ Don't Offer Justice will never ever do anything to harm the Deep State.
@@davidanalyst671 LOL! who is resposible to pay off the higher interest rate? Taxpayers don't piss in my face and tell me it is raining.
@davidanalyst671 biggest deficit in the entire history of the USA and rising. Oh, but she's saving Americas money ! Would you like to explain where and how ? If there a deficit then she's spending more that saving dumb dumb 😂
Instead of sending the billions of dollars to Ukraine, You guys should just pay off of the Americans people debt. Let's keep our money in America.
I still can’t get over her insanity on display while visiting China. They must be laughing their ass off.
Mother goose is off her rocker!
That is amazing, first time to know Secretary of Treasury has no supervision on banking system. Then I know, it's under supervision of Federal Reserve Bank, because she told that.
Get rid of her.
Let us all sit back, scroll, and watch these videos during the ending days of America.
Former Boston Fed Employee these people are the worst of the worst!
Shame to see this old lady lie so much.
Obiden appointed her, she can say whatever she wants, including lies while under oath.
Could you please explain where exactly she lied.
@@TheTellerwaescher every time she opened her mouth. Are you paying attention to the questions and her answers, or the lack thereof?
@@TheTellerwaescher👂
Old people are the best liars. Been getting away with it their whole life
Because it's not their money, it's ours, and they don't care
Paying interest to a private company.What is the amount returned to the govt after fed expenses?
If it is OUR money, why are WE paying interest on it ?
@@frankwolstencroft8731 Wow!! Most Excellent Comment!! A whole new line of thought begins to take shape. Kudos.
She'd give it all to Israel if she could. That's who she really works for.
She has no comment since.
How in the ---- did she get this job?
Obiden appointed her. Trump will fire her in January 2025
😗😗😗😗ing azz & a Joe Bribeone appointee I believe.
Dei hire.. they needed a Grandma Moses
Casting couch
Bill Clinton appointed her to the federal reserve back in 1994 and she’s been failing upward ever since.
She’s also a professor at Berkeley.. Of course.
I really appreciate these videos that Forbes puts out. I get to see a part of government I usually don't see. Thanks and keep it coming
Either way, it is called gambling with the taxpayers' money.
Janet Yellen needs to be replaced by Charles Payne, IMEDIATELY.............
That would be a great idea
Fabulous idea
Mm
Charles Payne is a man with a plan. He is a proud American with a brain. He’d be perfect.
It's considerably, considerably worse than Kennedy lays out here. See Stanley Drunkenmiller's remarks on this topic in October 2023, where he says that Yellen made the biggest mistake in the history of the treasury (literally) when she did not lock in very long term near-zero rates. The cost here is almost impossible to believe.
Y'all need to get her out of there y'all need to get her out of there she is moving too fast for
He's spot on.
Stop the excess spending and the borrowing.