{"id":6914,"date":"2015-03-28T07:40:30","date_gmt":"2015-03-28T12:40:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6914"},"modified":"2015-03-28T07:40:30","modified_gmt":"2015-03-28T12:40:30","slug":"santelli-stunned-as-janet-yellen-admits-cash-is-not-a-store-of-value","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6914","title":{"rendered":"Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value”"},"content":{"rendered":"

Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value”<\/a><\/h3>\n

Intended warning or unintended slip? After\u00a0Alan Greenspan’s confessional admission<\/a>\u00a0that<\/p>\n

\n
“Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it<\/strong>,”<\/em><\/div>\n<\/blockquote>\n

we found it remarkable that during the Q&A after her speech today that Janet Yellen, when asked about negative rates, admitted that<\/p>\n

\n
“cash in not a very convenient store of value,”<\/em><\/strong><\/div>\n<\/blockquote>\n

seemingly hinting at Bernanke’s helicopter and that there will be no deflation in The US ever…\u00a0\u00a0<\/strong><\/em><\/p>\n

Rick Santelli then sums it all up perfectly…\u00a0\u00a0<\/strong><\/em><\/p>\n

\n
“deflation is clearly the boogeyman… and the only thing that will save the middle class.”<\/strong><\/em><\/div>\n<\/blockquote>\n

*\u00a0 *\u00a0 *
\n<\/strong><\/em><\/p>\n

Yellen: “cash is not a convenient store of value”<\/strong><\/em><\/p>\n

* * *<\/p>\n

So if cash is not a very convenient store of value… what is? Biotechs? As Rick Santelli explains… this is the scariest thing she has ever said…<\/p>\n

Santelli: “deflation is the boogeyman… and the only thing that can save the middle class is lower prices”<\/strong><\/em><\/p>\n

 <\/p>\n

…click on the above link to view videos…<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value” Intended warning or unintended slip? After\u00a0Alan Greenspan’s confessional admission\u00a0that “Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it,” we found it remarkable that during the Q&A after her speech […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4493,68,1035,951,202,303,305,374,451,536,4492,4491,868],"class_list":["post-6914","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alan-greespan","tag-ben-bernanke","tag-cash","tag-currency","tag-deflation","tag-fed","tag-federal-reserve","tag-gold","tag-janet-yellen","tag-money","tag-rick-santelli","tag-store-of-value","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6914"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6914\/revisions"}],"predecessor-version":[{"id":6915,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6914\/revisions\/6915"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}