The Problem With the Fed's Lies

Fed Chair Janet Yellen has spent months denying that de-dollarization is even happening, a conspiracy theory even. Half the time our leaders do not understand what they're breaking, the other half they do understand, but they are lying. The entire US banking system, for example, walked into a trap set by the Fed reassuring them that inflation was transitory. In fact, the Fed sucker-punched banks with the most savage rate hikes in 50 years and sent them to insolvency.