Female now head of US Federal Reserve; there are concerns about her economic views

Janet Yellen

There are hearings being held today for Janet Yellen to be the first woman to become the Chairman of the US Federal Reserve:

February 03, 2014

The new head of the U. S. Federal Reserve, Janet Yellen, was sworn in Monday in Washington, D.C.

Yellen had been the Vice Chair of the Fed and is first woman to lead the central bank in its 100 year history.

The Fed is responsible for keeping prices stable and unemployment under control. http://www.voanews.com/content/yellen-sworn-in-as-fed-chief/1843261.html

Janet Yellen has served as the Vice Chair of the Federal Reserve for the past three years. Janet Yellen as the next Fed Chairman, is expected to continue to inflate the money supply.

Notice the following report from one that has concerns about her economic views:

Yellen brings to the Fed fallacious economic views that wouldn’t convince the most common of common economic thinkers. Quoted in Timemagazine recently about what powers an economy, Yellen observed that “economic stimulus comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy.” Where does one begin? If individuals sell appreciated stocks or homes in order to consume, then by definition sellers have new consumptive ability that is matched by the reduced consumptive ability of the buyers of appreciated stocks and homes.

After that, it’s a tautology that all consumption always and everywhere results from production first. If this is doubted, readers should attempt a life of consumption without work. Unless someone’s willing to lend them the fruits of their own production, these ‘consumers’ will starve.

Yellen is also known to subscribe to the view that inflation is an economic stimulant. Interesting there is that the investors whose funds power all economic activity are buying future dollar income streams when they invest. How a devalued dollar would prove a lure to investors is one of those mysteries that the hapless economics profession has never explained. Quantitative easing (QE)? Wouldn’t life be easy if flooding banks with dollars could stimulate the creation of the next Google, but for creating dollars with no regard for the value of same, QE simply corrupts money, and for doing so robs the economy of vitality for money losing its most useful feature as a stable measuring stick that facilitates the very trade that causes us to produce to begin with.

The reality is that creating wealth means producing goods and services, not inflating the money supply. Everyone should know that. The Bible indicates because many do not wish to retain the knowledge of God they come up with ideas that are false and covetous:

28 And even as they did not like to retain God in their knowledge, God gave them over to a debased mind, to do those things which are not fitting; 29 being filled with all unrighteousness, sexual immorality, wickedness, covetousness, maliciousness; full of envy, murder, strife, deceit, evil-mindedness; they are whisperers, 30 backbiters, haters of God, violent, proud, boasters, inventors of evil things, disobedient to parents, 31 undiscerning, untrustworthy, unloving, unforgiving, unmerciful; 32 who, knowing the righteous judgment of God, that those who practice such things are deserving of death, not only do the same but also approve of those who practice them. (Romans 1:28-32)

Inflating the money supply, of itself, does not increase goods and services that other people value and is dangerous. It is covetous of the wealth of others (in the USA and other nations) to expect to continue to borrow from them and/or inflate the currency, hence putting their investments at risk. That is certainly being untrustworthy. This would also seem to be evil-minded and unrighteous.

As far as dangers from the bond-purchasing and other quantitative easing programs that Janet Yellen supports, in needs to be understood that they are pledges that increase debt and inflate the money supply and are a source of ‘dishonest profits.’ Notice two end time prophecies written thousands of years ago:

6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say,’Woe to him who increases What is not his — how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you, Because of men’s blood And the violence of the land and the city, And of all who dwell in it. ( Habakkuk 2:6-8)

13 “Behold, therefore, I beat My fists at the dishonest profit which you have made, and at the bloodshed which has been in your midst. 14 Can your heart endure, or can your hands remain strong, in the days when I shall deal with you? I, the Lord, have spoken, and will do it. 15 I will scatter you among the nations, disperse you throughout the countries, and remove your filthiness completely from you. 16 You shall defile yourself in the sight of the nations; then you shall know that I am the Lord. (Ezekiel 22:13-16)

Some have claimed that once she becomes Federal Reserve Chairman, Janet Yellen will be the most powerful woman in US history or currently in the world (see CNN: Fed’s Yellen to become ‘world’s most powerful woman’), this would suggest that Janet Yellen is helping fulfill the following prophecy:

As for My people, children are their oppressors, And women rule over them. O My people! Those who lead you cause you to err, And destroy the way of your paths…(Isaiah 3:12)

Note: I am not saying that if US President Obama chosen a man instead that the man would necessarily do a better job. To a degree, Janet Yellen is following the lead of past Fed Chairman Ben Bernanke and his policies have truly set the stage for the destruction of the USA dollar. Yet Janet Yellen’s views and intended practices are at least as dangerous. Her policies will help lead to hyperinflation.

Many events aligning with properly understood biblical prophecy are coming to pass that relatively few understand. And the USA is definitely on its way down and out.

Federal Reserve officials and others may wish to consider studying the following prophetically-oriented writings:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves?
Hillary Clinton in Prophecy Prophecy, Hillary Clinton? Are there prophecies that Hillary Clinton may fulfill? Are there any prophecies that she has already helped fulfill? Could Hillary Clinton be apocalyptic? Could Hillary Clinton be the final Antichrist?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Just What Do You Mean the Kingdom of God? A booklet that was written by Herbert Armstrong answers questions about the Kingdom.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.