Federal Reserve, Quickie-Economy in 20 Seconds

[theunbubba]

Greenspan tried to hold back the hordes at the gate. He just got too old to fight them anymore. They yanked the rug out from under him.

[McConsumer]

What an...economic...use of time...hahahaha

[KhmerD0g]

greenspan did not get it right. he fucked up the economy. he let the interest rates too low for too long which created the carry trade in home mortgage now collapsing. fuck u greenspan.

[DDD522]

Everyone google the following "Gold and Economic Freedom" by Alan Greenspan.

Greenspan writes an essay about money, banking and the Federal Reserve, exposing the true motives behind fiat money (paper money), the Fed, and modern banking, and the true motives of Government behind the system. You won't believe this guy is the same Greenspan of the Fed.

Alan please, Come back, Combe back from the Dark Side and expose the fraud. You lived a good long life. Think of our children.

[comet9tan]

Greenspan is the head thief. His version of supply-side (which one is hard to determine, since he reverses himself regularly) has served to drastically enrich the wealthy at the expense of the middle class and poor. Read Prof. Ravi Batra's books. And it has nothing to do with the gold standard; what the hell century do you think this is?

[littlebier8]

Greenspan knows the reality of the situation. He used to defend reality from the politicians who tried to defeat it, until he became one of them. He's too smart not to know what's going. He's just a devious, devious man, and even though he knows he's not smart enough to play the part of puppet master of the economy, he tried to do it anyway. And fucked us. Ayn Rand would be proud.

[houliebeforethefall]

what show was this, ?? Jay Leno would have ripped his ass out. !!! you can only get it right by switching to gold standard. no more inflatable money

[TokDiYel]

Greenspan knows this. Going off the gold standard is one of the main reasons he justified his job of regulating the economy while being a staunch free-market advocate. A gold standard would mean that no once has to make the choice of how much money to print.

[rff2206]

He belongs in PRISON too; he resigned thinking to save himself from this fiasco fallout, but I think he should join the CEOs of Enron.

[rff2206]

The CEOs of Lehman Brothers and AIG are criminals, much like the CEOs of Enron. If Martha Stewart can be imprisoned on mere suspicion of insider trading....these men deserve LIFE SENTENCES for what they knew (and hid) from the American people.

[littlebier8]

No, these people made bad decisions for their companies, and the investors bought into it, lock, stock, and barrel. These people belong in the poor house, not receiving government dole.

[stevemcgee99]

Can't get it right.

It's like chasing the end of a rainbow, but with a time delay on seeing the results!

[lend888]

It took many years to create our present days economic mess. By his own admission he is the responsible party. It is sad that the Fed don't have the tools and knowledge to ensure long term prosperity. They are complete effect of the economy and acting like plumbers trying (unsuccessfully) to patch things up instead of guiding the country to a future of financial solvency.

[goldbird6]

It's funny in a way, no one thought he was wrong when America was reaping the rewards of fleecing the ignorant of their money because they were to stupid to read the fine print. Now look, we are all being hosed over because greedy men wanted to get richer and now we are paying for it. I guess we should have seen it coming when a one bedroom shack in California costs $650,000 and someone is stupid enough to "pay" for it. Yeah, America was stupid enough. My grandkids said thanks a lot Greenspan!!!

[lamperoneagain]

Yes, he did it right. He drove the american economy down a cliff.