SUBSCRIBE to ELITE NWO AGENDA for Latest on ILLUMINATI / ELITE / DOLLAR COLLAPSE / FIAT CURRENCY http://www.youtube.com/EliteNWOAgenda U.S. DOLLAR COLLAPSE - Federal Reserve Speech Points Towards U.S. Economic Catastrophe U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress on Tuesday after presenting her semiannual monetary policy report. The Federal Reserve will not hike rates for the next few Federal Open Market Committee meetings, according to Yellen’s prepared remarks. During the question-and-answer session, Yellen addressed a range of questions from the committee about the Fed’s structure, its inflation measurement and the movement to “audit the Fed.” Earlier this week John Williams warned that hyperinflation will begin to appear in America sometime in 2015. He noted that, though the dollar is currently strong compared to other fiat money, signs that a currency collapse is coming will begin with the sell-off of the U.S. dollar. It’s a known fact that the Russians and Chinese have already begun divesting themselves of dollar dependency by implementing trade agreements that completely sidestep the world’s reserve currency, but there has been no overt sign of a sell-off that might be indicative of a coming attack on our currency. On the surface the recent drop in the price of oil has been a huge boost to America’s pocket books. But according to some analysts we shouldn’t be to quick to celebrate. The U.S. Oil and Gas industry has seen incredible job growth during the recession, with nearly 800,000 new jobs being attributed to domestic fracking and drilling expansion. At over $100 barrel, there was plenty of money to go around. But with a sub-sixty dollar price point, it’s quite possible that all economic hell is about to break loose. According to a report from Zero Hedge the Russians have already started unloading their dollar reserves. In the month of December alone they sold a record $22 billion in U.S. Treasurys. While this may not seem like a big number, it is over 20% of their total US dollar holdings. The Federal Reserve is clamoring to shut down legislation that would allow the American people to take a look at its books. dollar "u.s. dollar" credit "interest rate" interest inflation bank "bank account" u.s. usa america 2015 "united states" money cash investment depression "savings account" savings collapse economy mortgage "real estate" job loan "cash 4 gold" gold silver bullion commodity pension society debt forex "forex trading" trading china russia euro europe future "silver eagle coin" apmex "gold bar" "elite nwo agenda" borrow media news entertainment trendy trending navy seal false flag attack iran nuke chicago nyc whistleblower insider nsa end game total collapse liberty freedom ww3 bilderberg 2015 banker mc donalds enemy isis isil truth sheep prepare prepper demcad rawdogletard jsnip4 lindsey williams david icke glenn beck max keiser riots gerald celente marc faber jim rogers louis farrakhan alex jones infowars For the Fed, the “health of the economy” consists “of flooding the economy with easy money, leading to a misallocation of resources and an artificial ‘boom’ followed by a recession or depression when the Fed-created bubble bursts,” according to Rand Paul’s father, former Congressman Ron Paul who, incidentally, worked unsuccessfully to abolish the Federal Reserve, not merely audit it. In recent weeks, the Federal Reserve and its apologists in Congress and the media have launched numerous attacks on the Audit the Fed legislation Those are the conservative estimates and they are based on a $56 price point, which is almost exactly where we are today. But Saudi Arabia and other OPEC nations have suggested the price could drop to $40 or even as low as $20. While everybody appears to be celebrating the record highs on Wall Street, we are also seeing a loss of public trust. One key example of this loss of public trust is when you look at the $1.1 trillion spending bill in the U.S., where there was the dilution of the Dodd-Frank Act which now allows for bail-ins in the United States… This will lead to disastrous consequences… It's Not If, It's When Is The Federal Reserve Going To Raise Interest Rates The standard line about economists is that if you asked any two of them for an opinion you’d get three opinions back. When we start to talk about macroeconomics, and even more about monetary policy, we get this problem redoubled. And so it is with this question of just when is the Federal Reserve going to raise interest rates. Yellen also said that wage growth, which is something you’re going to need to see before inflation really comes roaring back, is not a precondition for interest rate hikes.