Greenspan even slams Federal Reserve (lol irony).

[kryptickelt]

Not guilt, disappointment. Once again he's pointed out what is needed vice the desire of the masses.

Compromise is recognized as a solution in which no one gets what they want. Again and again he has offered the solution, even in these comments of his, if you but listen to what he said. Unfortunately no one's listening. He gave the world the magic it insisted upon, now everyone is disappointed the show is over and it's time to settle the debt. Too bad, pay the bill like adults.

[seestickglue232]

See the problem is that reporters and pundits are not clarifying how the Federal Reserve works in public and that's what we need. And for those reading this that don't know, the government needs money so they trade the Fed bonds for money wired into a digital account (97% of cash is digital now). But the bonds are really worthless and the money has no value, so where does it get value? it steals it from the already existing money supply, thus inflation is inherent to the system. its gotta go man

[lorax2013]

Guess he's feeling guilty for a career of selling out the American people. Too little too late to make a difference now Alan. Wonder what good all those sheckles will do on your deathbed.

[wtlcrimson]

Wait, he is saying that Ayn Rand would understand and tolerate a democracy basically creating unnecessary and potentially harmful quasi governmental institutions to regulate the economy? Alan? Really? Where was that in Atlas Shrugged?

[Mickmars90]

Also, in contradicting his early monetarist principles, he let the money supply grow out of control by letting M4 grow at around 15% a year.

[gpmultimedia]

Wow. This is irony indeed. Hopefully others will see the light.

[oryxx]

This man is not consistent like Ron Paul, Peter Schiff, Jim Rogers etc.

He is not a moral man. He allows contradictions to exist and changes his tune/ideas from the early 60's, 90's and even now. That is because he has no concretes, no fundamentals holding his views, like an anchor, to something solid and real.

He is a lost man. He floats based on what feels good or benefits his short term situation the most.