The global financial crisis showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen says. IN a speech in Washington on Thursday, Yellen said a Fed survey found that an unexpected expense of just $US400 ($A430) would force the majority of American families to borrow money, sell something or simply not pay. "The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with few assets to fall back on."Perfectly true facts, and excellent advice. If anyone else had given this advice, it would have been refreshing. Most Experts refuse to acknowledge that saving is a good idea and borrowing is a bad idea. Coming from the monstrous evil filthy mouth of Chair, it's raw evil and raw chutzpah. Chair has the UNIQUE ability to do something about these facts. All by its filthy monstrous self, Chair could INSTANTLY remove the Fed's satanic policies of price control on interest. All by its atrocious alien egregious grotesque self, Chair could require banks to pay interest on savings. Nobody else in the world can do these things. Only Chair can do them. But Chair is NOT doing them. Instead, Chair is criticizing ordinary people for RESPONDING RATIONALLY to the satanic policies that Chair and the entire Tribe Of Chairs have imposed on this unfortunate miserable hyperfucked former country.
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.