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Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge (www.forbes.com)

submitted 4 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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[–] Rasm635u@lemmygrad.ml 12 points 4 months ago (2 children)

Who's Janet Yellen?

[–] rainpizza@lemmygrad.ml 19 points 4 months ago* (last edited 4 months ago)

Another mouthpiece of the empire but related to the economy.

[–] knfrmity@lemmygrad.ml 18 points 4 months ago (1 children)

She's a neoliberal economist (ie someone who lays down academic cover for the empire). She was the Federal Reserve chair under Obama and has been the Treasury Secretary under Biden.

Her earlier career included time at the Fed, during which she wrote a paper clearly stating the purpose of raising interest rates: to further oppress the working class.

[–] Shinhoshi@lemmygrad.ml 11 points 4 months ago* (last edited 4 months ago)

And then proceeded to hike interest rates at astronomical speeds during her tenure