Posted originally on Feb 20, 2024 By Martin Armstrong
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes and claim that is sufficient evidence that the overall economy is sound.
Yellen is akin to the Karine Jean-Pierre of America’s financial system insofar as her job is to openly lie to the public and convince them that their reality is not as it seems. She holds a high role in Biden’s cabinet and is responsible for overseeing America’s banks, tax enforcement, printing money, and the national debt. She is the bridge between the federal government and the Federal Reserve, acting as Biden’s top advisor. We know Biden is not mentally competent, and it appears his CFO has continually misled both Washington and the American public.
So, what the hell is wrong with Janet Yellen? Her loyalty lies with the World Economic Forum and globalist elite. These are the people making decisions that DELIBERATELY wound their own nation’s economic soundness on behalf of a select few behind the curtain. Yellen admitted that the true reason behind the massive spending on the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” the Treasury Secretary admitted months ago. That was one of the largest spending acts in the history of our nation and pales in comparison to the money being spent on foreign wars. All of this spending is intended to meet the same goal of the Great Reset.
Hence, the woman in charge of overseeing national spending is ignoring the debt crisis waiting to implode. WhenUS debt was downgraded, she called it arbitrary and simply disagreed with the data. The government has no plans to curtail spending. Instead, they are taking measures that contribute to rising inflation, therefore reducing the quality of life for the average citizen. Yellen’s recent statement proves that Washington is not concerned about the people, and this inflationary trend will continue.
Posted originally on Feb 9, 2024 By Martin Armstrong
After Janet Yellen dared to say the IRS needed to track $600 transactions on eBay and CashApps to get the rich, now it is going after those people who are taking money out of the banks and buying real estate for cash. These disgusting Americans have to be hunted down like the English did to foxes and strung up like the good old days. What’s next? They will behead people and stick their heads on the spike around the White House as a warning whatever you earn 100% belongs to her Treasury, and she alone decides what you are allowed to keep.
Yellen is not taking the Biden administration on the hunt for people investing in real estate when she needs that money to hand to Zelensky for this endless war to conquer and destroy Russia. Yellen has stated that she wants to make residential real estate transactions more transparent, targeting people who are buying property in all-cash purchases. She insists this is part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The problem is that her definition of money laundering is now just putting cash in a safety deposit box where the government cannot see it. Money laundering, which is 20 years in prison, was once upon a time a law to go after drug dealers. She has changed the definition to hiding money from the government and avoiding taxes.
The Treasury Department’s Financial Crimes Enforcement Network is preparing a regulation that the Uni-Party will pass that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts, and shell companies.
All-cash purchases of residential real estate are considered at high risk for money laundering. The rule would not require the reporting of sales to individuals as stated by FinCEN Director Andrea Gacki:
“Illicit actors are exploiting the U.S. residential real estate market to launder and hide the proceeds of serious crimes with anonymity, while law-abiding Americans bear the cost of inflated housing prices”
The nonsense Yellen is claiming this time is that this new regulation is an
“important step toward not only curbing abuse of the U.S. residential real estate sector but safeguarding our economic and national security.”
I have reported that there is a MASS MIGRATION from the Blue States to the Red States. We can see this in the stats from Zillow’s Consumer Housing Trends Report for 2023. Over 40% of real estate sales are taking place in the South, with New England being the lowest in sales and having the highest regulation and taxation.
Most people do not know, but from the very outset of the Biden Administration, targeting real estate was on the agenda as soon as Biden took office. By 2021, the White House had established plans to launch real estate recordkeeping requirements so they could hunt the rich for sport. The excuse was that they wanted to increase transparency in real estate transactions, “diminishing the ability of corrupt actors to launder ill-gotten proceeds through real estate purchases.” Wealth in real estate was unacceptable, for it was not in a bank that would secretly report any suspicious transactions without notice to you.
The Biden Administration hates the rich, for they cannot help being Marxists and only tolerate capitalism begrudgingly. The Biden Administration maintains that real estate is a commonly used vehicle for money laundering due to opaque reporting rules on purchases. The degree to which criminal activity affects housing affordability is his excuse for rising house prices – not his spending or plans for central bank digital currencies where the government can freeze all your assets on a whim as Trudeau did to anyone even donating to the Trucker protest.
Of course, it takes leftist academics to argue that this criminal activity of not paying taxes, which they define as money laundering, impacted home values in Canada. These academics, who can’t stand anyone who has more than they do, asserted that money laundering investment in real estate pushed up housing prices by 3.7% to 7.5%. Canada was especially impacted by foreign capital flowing in from China. In 2022, the federal government passed the Prohibition on the Purchase of Residential Property by Non-Canadians Actto ban foreign investors from buying residential property in Canada and to ensure the housing market remains available to Canadians. They just extended that for another two years, trying to prevent capital inflows. The foreign capital is turning more toward equities than real estate thanks to these leftist academics. They do not even consider that housing has risen because of Trudeau’s reckless spending. The foreign buyers were looking at the high-end of the market – not the average mom-and-pop house.
Yellen’s proposal is absurd. I bought a second home and paid cash to park the money out of a bank. I had to pay by bank wire, not even a certified check because you can stop payment on it or claim it was stolen after settlement. Everything is recorded, and you have to have lawyers on both sides. This does not occur with handing over a pile of cash; nobody knows who you are. I will add that when I bought a house 20 years ago, I had them add my children’s names. It was no big deal. You can’t do that anymore, for they have to report that as a gift and pay taxes on the house’s value. In all honesty, what Yellen is saying is nonsense. I am going through it myself. The money must be wired from a bank, and your bank needs the details of what you are buying. So, the likelihood of this being some money laundering scheme is remote.
As of January 1, 2024, many companies must report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. I have even to inform them if I move. They want to know everything I own, where I live, and if I move, I need to inform them. In East Germany, you could not move without the government’s permission. It certainly seems we are heading in that direction.
This is an attack on small businesses. Treasury Secretary Janet Yellen said in January 2024 that over 100,000 small businesses had registered for their new database. The National Small Business Association filed a lawsuit in November 2022 to stop the U.S. database from being created, arguing that it is unduly burdensome on small firms and infringes on states’ rights to regulate businesses. Of course, no federal judge will rule against Yellen regardless of who appointed them. This is a uni-party club. Perhaps now you understand why they MUST stop Trump at all costs. He is not part of the uni-party.
Supporting Israel and defending Ukraine in the face of Russian aggression are in America’s core national security interests and is backed by bipartisan majorities in Congress and among the American people.
I have both good and bad news. The bad news is that the US government is continually spending with no end in sight. The proxy wars have eliminated even a level-headed discussion of anything akin to a real budget. In a move that angered Treasury Secretary Janet Yellen (also good news) Republicans introduced legislation to reduce funding toward Biden’s IRS army through the Inflation Reduction Act. They still plan to spend billions of taxpayers’ money, but that money will now go toward Israel instead of hunting down those who fund the organization.
A bit of luck for those who do not want to be harassed throughout the year by 87,000 new IRS agents for something trivial like selling something over $600. The proposal will redirect $14.3 billion in funds to Israel instead of doubling the IRS, angering Treasury Secretary Janet Yellen, who insists America has money for two wars and a standing IRS army. The news comes one week after Biden pledged $105 billion to fight the West’s war in the Middle East. Per usual, these aid packages drastically increase weekly and our elected officials are able to make these crucial decisions without approval from the people.
“We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit, improve customer service for Americans, and make sure that wealthy tax cheats pay what they owe,” Yellen posted to the social media platform, X.
I always question how this woman has a job. She insists Americans are happy with their economic situation, and called the US debt downgrade “arbitrary.” Above she is promoting the propaganda about inflation being transitory. Do not dare to mention the deficit when you continually support massive spending packages with hidden agendas. Yellen herself admitted that the Inflation Reduction Act was really a method to support climate change. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted.
US national debt spiked by $4.8 trillion since Biden took office, and yet he continues to pass multi-billion dollar spending packages that in no shape or form benefit Americans. It is safe to say that those in charge see the people, the Great Unwashed, as enemies of the state. Yellen wants to spend billions on harassing law-abiding Americans because she believes what you earn belongs to the government.
Treasury Secretary Janet Yellen does not live in reality. She is not a trusted source of information but rather a Deep State puppet who pushes propaganda unsuccessfully. Yellen wants you to believe that America’s economy is stronger than ever with unlimited funds for all besides the actual citizens who pay taxes. When asked if America could fund two major wars, Yellen told Sky News, “Absolutely!”
“America can certainly afford to stand with Israel and to support Israel’s military needs, and we also can and must support Ukraine in its struggle against Russia. The American economy is doing extremely well,” Yellen said. The US national debt is now at $33.56 trillion with a defense budget of around $800 billion. We are funding layaway wars with no intention of ever paying back a penny to our debtors. They may strategize war, but they’re not strategizing war from an economic standpoint. China was the largest purchaser of US debt but they have been abandoning US debt and the dollar entirely.
Yellen called the US debt downgrade “arbitrary” when Fitch Ratings downgraded US long-term debt late from AAA to AA+. The agency cited the debt ceiling negotiations and frequent government shutdowns as one of the reasons for the downgrade, and this was prior to the US losing its Speaker of the House for the first time in history. Another reason is simply that China is disinvesting in the dollar.
The $2 billion sent to Israel is merely the beginning since the full-scale war has not yet begun. The two wars will merge into one when other nations become involved. Israel could easily defeat Palestine on its own without foreign aid. But once the major players like China and Russia intervene it will take the full force and funding of NATO. War has become the #1 economic priority for America’s politicians. “We” do not want to fund any wars but have no say in the matter since the elections are rigged, the data is inaccurate, and the truth is concealed by lie after lie.
How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as a whole as doing less well than they are personally. But most Americans feel good about their own economic situation.”
The CNN reporter questioning Yellen mentioned a poll in question showing that 75% of Americans realize that the economy is in poor condition. Another 63% said they disapprove of how President Biden is addressing the economic crisis. The reporter asked Yellen if she could assure the people that prices would go down, and she said no. Inflation allegedly is declining based on government data but people are still paying significantly more for absolutely everything.
Yellen is completely in bed with the WEF and the BUILD BACK BETTER global elite. She admitted that the true reason behind the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted. She is either mentally impaired or dismissive of the true struggles Americans face. Since Biden is incapable of campaigning, Yellen is traveling around the states and touting the imaginary success of Bidenomics.
The most inflationary driver is war. When questioned, Yellen said it was simply Russia’s fault that the US was involved in this proxy war, and only the Russian economy is suffering. There are now questions on whether the white powdery substance found in the White House belongs to Yellen. She recently called the US debt downgrade “arbitrary” and disagrees with the data. She does not speak as an authority on economics, but rather, she speaks as if she were a puppet of the WEF implanted in government to spread economic-related propaganda.
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