Thought it might be worth pointing out that the new Fed chairperson is Janet Yellen. I was thinking that probably most people in the UK don't really watch the US stuff because its remote. Maybe some think what has it got to do with us. Well the US Fed is connected to all the other Central banks through the central clearing bank in Europe. As the biggest economy the federal bank calls the shots. So, though we think of ourselves as relatively independent I think the global credit crisis pretty much shows that not to be true. Indeed whatever the Fed do the BoE pretty much follows although the tack might be difficult. This subject isn't really about Janet Yellen as an individual but about the entire PR machine behind her move to chairperson. Obama and every paper and mainstream media have been trumpeting her ability to have predicted the crisis and the housing bubble. Yet this is a complete fabrication. There is so much proof on record which shows this was never the case. Even during her speeches she played down any bubbles. Here is Peter Schiff debunking her claim. Take a look at this video on YouTube: Take a look at this video on YouTube: Janet Yellen Exposed --The Truth Behind the...Watch this video on YouTube I think this is important because this is clearly an attempt to sucker the public into believing a lie. Its this crap that has created the current situation and this should be a warning that its going to bounce back and bite hard.