How America works today & what Janet Yellen didn't explain at the Senate Confirmation hearings

What Janet Yellen didn't explain at the recent Senate confirmation hearings 

Current Federal Reserve policy of massive printing is enriching the banks, but it is also lowering GDP growth and increasing unemployment.
The banks already have $1.7tn in "excess" reserves.
The banks could lend out another $17tn tomorrow, but nobody wants to borrow it.
Printing more currency with QE doesn't help
http://ian56.blogspot.com/2013/01/the-2tn-of-excess-bank-reserves-is.html

The Federal Reserve private bank is set to charge taxpayers, via the Treasury, with multi trillion dollar losses arising from it's balance sheet, because of the massive amounts of debt it is currently buying at record high prices.
http://ian56.blogspot.com/2013/02/there-is-no-way-out-for-federal-reserve.html


The same applies to almost all major industries and almost all Washington DC lawmaking - including Obamacare. 

Just substitute :- 

Lobbyist cash for the Fed 
Congress and WH for Wall St 

The result on Main Street is exactly the same. 

It is sickening what is happening in America Today 
http://ian56.blogspot.com/2012/09/america-today.html