Meet The New Boss . . . Same As The Old BossAntonius Aquinas Like Helicopter Ben, Yellen has been masterful in obfuscating, distorting, and lying about the actual reality of the U.S. economy. Of course, this is why she was, in part, chosen as Fed chair to provide intellectual cover and spin of the facts in order that the real manipulators of the economy the mega banks and financial houses continue to receive a goodly amount of the Feds monthly stimulus program. Ms. Yellen surpassed her doozie on inflation with her statement on unemployment or, more accurately, the lack of meaningful employment throughout the economy. While she acknowledges that the economy has not achieved maximum employment (whatever that means), she amazingly added: there has been substantial job creation. One wonders what piece of data Ms. Yellen is using to substantiate such a ridiculous claim. Maybe she should ask some recent college graduates about job creation where most have either moved back home with their parents or are working at jobs which do not require overpriced higher education. If Yellen were honest, she would explain that the Feds zero interest rate policy is deliberate so that the Federal government can borrow money at virtually no cost in order to sustain its massive deficit spending and to provide liquidity to the insolvent banking system in order that it does not collapse. Period. What Americans have to realize is that the primary purpose of the Fed from its surreptitious founding until the present day has been to protect the solvency of the banking system. Unemployment, the price level, trade imbalances, or the overall health of the economy are secondary concerns for the Fed. While Yellen and her predecessors may fret about the level of employment or inflationary targets, it is simply theatre to placate the clueless in Congress and among the financial press where not a few reside. Until the Federal Reserve is liquidated and replaced with a monetary order of sound money gold/silver the chance of any real sustainable economic growth is nil. Sadly, the likelihood of a return to a system of sound money will not take place until there is a general economic collapse or a severe financial crisis. The ruling power structure will not relinquish a primary source of their dominance. While there will, in all likelihood, be a financial collapse, it is not a given that there will be a return to sound money in the aftermath of such an event. The power elite will more than likely impose severer financial controls. Sound money and its corollary economic growth will only come about when there is an intellectual turnabout where central banking is discredited and shown as an engine for the betterment of the financial and political elite at the expense and misery of everyone else. Until that glorious day when the scourge of central banking is eradicated, Americans and all those living under its suzerainty will continue to face economic and social decay. Antonius Aquinas is senior writer at Wide Awake News, where this first appeared. 