I wonder how much Janet Yellen is insured for.

The stories about banks life-insuring their top people for ridiculous sums of money have been out for some time now.  The very idea of life-insuring someone else unless you are married to them ought to be outlawed.  It just provides too much motive for something bad to happen.  It makes one wonder how many rich, highly respected bankers which have killed themselves over the past 10 years since the ongoing financial collapse began have been suicides and how many have been simply ringing the register, cashing the check, taking profits on an investment so to speak.

This leads me to the recent speech, if you can call it that, by Janet Yellen who I have often referred to as the disposable fed.  When Greenspan or Bernanke took the stage, their speeches were strong.  They were both excellent bold faced liars.  But they could talk very convincingly to those who wanted to hear happy, math-free, debt doesn't matter babble.  The stock in trade of a con man is to speak convincingly and to convince people that the lies are true in order to get them to voluntarily bend over the log for you.

But did you see the recent speech by Yellen?  Her little episode at the end was characterized as a coughing fit and finally diagnosed as dehydration.  What a load of crap.  Either Yellen is struggling with her own conscience at spewing so much obvious bullshit (unlikely) or she suffered some kind of stroke or something serious like that.  This is not just coughing.  It is almost vomiting on stage.  And her speech suddenly became slurred as well.  I could not make out several words in the middle.

If the markets are going to go down anyway, the fed already knows it because it would have been the fed stepping in to halt the rapid collapse on the 24th of last month.  But the fed only has so much firepower and, like the big bankers of the market crash of '29-32, they stop buying once they determine that the herd is determined to stampede and then the cowboys just get the Hell out of the way and let the herd run it off. 

But in order to re-start the Ponzi later, it would be convenient if they had some reason other than "no Ponzi ever ran forever" for the markets to have gone into collapse.  If Yellen died and the markets tanked it could actually be blamed on her death as the cause instead of the real underlying cause which was that the valuations are fake because the massive and unprecedented margin debt used to buy them.

Jus' sayin'.