Treasury Secretary Yellen adds herself to the list of — suicidal America's power idiots

© 2022 Peter Free

 

11 June 2022

 

 

Let's just  wreck everything?

 

Below is Secretary of the Treasury Janet Yellen happily yapping about fabricating a good way to kill the US and the EU off.

 

To wit, regarding the Russo-Ukrainian War — which we instigated as a way of weakening previously non-threatening Russia — Yellen blabbered herself farther down Geopolitical Stupidity's Road:

 

 

U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian oil could help limit Moscow’s energy revenues as allied countries seek to curb revenues flowing to Moscow.

 

The U.S. has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months.

 

On top of that, the bloc has worked toward coordinating with some Group of Seven members on a ban on the insurance services needed to ship Russian oil anywhere in the world.

 

© 2022 Christopher Condon, Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen, Insurance Journal (10 June 2022)

 

 

Question

 

So tell me, Madame Secretary, exactly how is such an energy-limiting move going to assist in lowering economy-wrecking inflating energy prices in the United States and Europe?

 

 

Answer

 

Given her neocon heritage, Yellen does not know.

 

Nevertheless, implicitly according to her, engaging in destruction — just to be destructive — is a good thing:

 

 

“What we want to do is keep Russian oil flowing into the global market to hold down global prices and try to avoid a spike that causes a worldwide recession and drives up oil prices,” she said.

 

“But absolutely, the objective is to limit the revenue going to Russia.”

 

© 2022 Victoria Guida, Yellen: U.S. working with allies to curb Russia's oil revenue, Politico (07 June 2022)

 

 

The moral? — Janet 'Treasury' Yellen doesn't even understand basic economics

 

So naturally(!) Dementia Joe Biden put her in charge of dismantling the heretofore US-favoring world economic system.

 

Destruction represents the totality of all things American Neocon.