The Daily Reckoning has just published a frightful exchange discussing incoming Fed chair Janet Yellen’s view of savers. I’m not surprised, but I am speechless. She’s not talking about billionaires here, but every responsible citizen who has tried to do the right thing and live within their means. The only silver lining I can see is that at least she’s honest.
‘Erik Townsend, a retired software entrepreneur turned commodities trader, was at a conference where Yellen gave a speech not long ago. He explained on Jim Puplava's Financial Sense podcast what Yellen may have in store for us:’