And this is why you must buy physical gold and silver as an investment and inflation hedge against this sort of financial terrorism. Remember, Cash is trash!!
WTF.... And you let this shithead controll your economy..DAMN....He should be tried for treason to the country.. He sure ass hell would be here in Norway!!!
This man is an idiot. Printing money is default. It reduces the value of the debt by inflation. Therefore the creditor gets less value than he was promised. OK he gets the same number of dollars, but I strongly suspect he doesn't give a damn about that - it's just a number. What he wants is the value.
banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people,to whom it properly belongs.RP2012
There's nothing wrong with what he's saying...If the US government printed a hundred dollar bill and gave it to you would you laugh and say "that's silly" or shut up and take it? Thought so.
--->> Ron Paul 2012 -- MONEY BOMB --- TODAY!! <<---- ronpaul2012 . com
Donate toward preserving the liberties which our government has grossly perverted since the founding of our nation. Help restore our rights and freedoms.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln
"The only thing necessary for the triumph of evil is for good men to do nothing" Edmund Burke
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…a manner which not one man in a million is able to diagnose.”
John Maynard Keynes (1883-1946), The father of ‘Keynesian Economics’ which our nation now endures.The Economic Consequences of the Peace, 1920, p. 235-6.
@mlekolaciate ijiot iew no's nothinG! lol what an idiot. the US dollar is backed by the full faith of the US military and nothing else. hahahah who wan't that?
Oh gee..I shake my head. Israel is controlling the United States & has been since Hitler was off the scene. The coalition with Hitler's NA National Socialist Party was the ZI Zionist Party, After WW II they formed themselves into various guises; NATO, UN, CFR etc. Those in power today, those that control it all are in actual fact, the Nazi's. They are back....and check out how that young guys eyes lit up when Greenspan says they can print all the money they need! Oh boy are we in a pickle.
Ron Paul could get 100% of the peoples vote and still would not be declared the winner . I wish sometimes I was a killer type but I am not so I am doomed. Everyone vote Ron Paul Unmask these treasonious bastards
Alan Greenspan is completely and utterly right. Remember, the negative inflationary effects of printing money are far less severe than bankruptcy. The US will not go bankrupt because we can always print money to pay it off.
@GodOfTheInternets . Do you even understand the the US gobberment doesn't print money . The Fed does . The Fed is a group of Large Banks and Bankers like Rothschilds. The US gooberment borrows money from the FED. A private corperation . The more money you print and put into the system the less its value . You shouldn't reply when you know nothing about the FED. I would say your poor as well as ignorant. or you are seedinf disinformation
Here we go again, conspiracy theorists who think they know anything about economics because they saw some YT videos on fiat currency, LOL. Perhaps you should read a book on economics instead of shitty conspiracy economics.
@GodOfTheInternets Being poor wasn't meant as insult. Its about perception . I am what I would call poor. I old and had to struel my entire life . Thats life . But it didn't stop me from searching for the why its as it is . Your more worried about entitlements than you are your neighbors your self interest has blinded you to the truth . The system we live under is built by the rich for the rich , It cann't be any other way . Print more money The poor get poorer. Become independent.
@GodOfTheInternets Being poor wasn't meant as insult. Its about perception . I am what I would call poor. I old and had to struggle my entire life . Thats life . But it didn't stop me from searching for the why its as it is . Your more worried about entitlements than you are your neighbors your self interest has blinded you to the truth . The system we live under is built by the rich for the rich , It cann't be any other way . Print more money The poor get poorer. Become independent.
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.” Greenspan Gold and Free Markets
The answer to Ex- Chairman Greenspan is yes, the USA can always print more money to pay its debts because they are denominated in US dollars......BUT by doing so it will devalue the dollar greatly, it will push price inflation in commodities and services through the roof, and it will signal to investors that the dollar is not the safe heaven anymore, will probably risk the status of reserve currency of the world, and will exacerbate the problems of the american people when they can't buy shit.
Romney thinks Bernanke is doing a good job and would reapoint him. He also would keep the Federal Reserve. Herman Cain would reappoint Alan Greenspan and keep the Federal Reserve. WHAT THE HELL? No wonder the lamestream media is in love with these two bafoons!
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Does anyone here think they know more about economics then Alan Greenspan? Why don't you people educate yourself on what it means to be a Monetarily Sovereign country as opposed to a non Monetarily Sovereign country. mmtwiki.org/wiki/Monetary_Sovereignty
@selhax Well I can't disagree with you on the fact that this shit goes on and we don't do fuckin a damn thing about it and it pisses me off too! are we the only 2 people who actually get pissed about these things?
WHO EVER LIKES THIS VIDEO WELL UR FUCKING DUMB! CHECK OUT THIS VIDEO ON YOUTUBE- Hyperinflation in Germany, 1923.."Those who fail to learn from history are doomed to repeat it.” WAKE UP AMERICA!!!
This man is a moron. No really look at what happened to weimar germany when they tried to pay they're debts by "printing money" after world war one, After a simple glance at a history book you can tell that this man is a moron,
Even with Alan Greenspan saying this, the public still hasn't waken up to the ponzi scheme.
How cool, the insider announces bluntly that "this is a freaken giant ponzi scheme", and people still say you must be a conspiracy nuts if you think there is a ponzi scheme going on :)
The skull and bones member beside him said in a whisper "Damn" These people are criminals and they are robbing us blind. Things are going to start falling apart fast after QE3. I sure hope Ron Paul gets elected before it's too late.
If shit hits the fan, Ron Paul would likely be the first one to be killed, tarred, and feathered by the public. The public would merely say it's all Ron Paul's fault for saying the economy would collapse and that's why it happens.
Meanwhile the Wallstreet criminals would still be happily sitting in their big chair sucking the blood of the public.
Unfortunately the public in your country is hopeless. Just try to protect yourself and your family bro.
This is the man who contributed to the book Capitalism: The Unknown Ideal by Ayn Rand in which he, through several essays filled with facts and sound reasoning, successfully defended laissez-faire Capitalism and demonstrated the fallacies of precisely this kind of (un)economic "practice".
What a massive evasion of the mind it must take for him to now say this with a straight face.
So where are we along the Zimbabwe/Weimar/Argentina timeline? My gut feel is it's just about to start but it will gradually get worse along the next two years, like it did for those nations.
All he's saying is that if it comes down to it, we will not default on our debt as long as we can print more money to cover it. Of COURSE it would be a bad idea, but he is correct in his statement.
@Jedika i hope this is sarcasm, but if not i will explain. alan greenspan is the most recent (i believe) former chairman of the federal reserve. this is a man who was basically in charge of the entire countrys money reserves. does that make you more comfortable? (yes, we are fucked if we continue the path were on)
Sure we can. However, we cannot force people to accept the money that we print. Ask Zimbabwe's Robert Mugabe how well his un-backed money printing worked out.
this is exactly what China wants. US can keep printing money like crazy and China will lose 3 trillions US cash plus 1 trillion US debt, but hey it's a good deal to collapse US.
I remember when people worshiped this fool, moron yuppies! This psychopath is actually smirking as he is saying it. Look...it's insane. The FED NEEDS TO BE BANNED FOREVER. It is a cancer on our society and the people running it are not interested in the concerns of the people. Ironically enough, these fools-ie, greedy bastards that got us into the mess are posing as the saviors to get us out of the mess. Up is down, freedom is slavery and this man, Greenspan, is a complete SCUMBAG.
You'd think printing money would cause rampant inflation, but the inflation rate over the past couple years has been on the decline. Last year was a historic one, in the sense that there was almost no inflation.
@grandguignolplanet LOL - you are right - it's getting really tough for all those White shoe-Wallstreet boys these days. The truth is plain, simple and painful for them. Praise good old Greenspan for waking up the ignorant sheeple!
THE CRAZY THING IS I STILL KNOW PEOPLE THAT WANNA ENTER THE MARKET AFTER HIM SAYING THIS AND THEY REFUSE TO LOOK AT THIS 24 SECOND VIDEO!
IT HURTS ME TO SEE WHAT WILL HAPPEN TO THEM B/C THEY HAVE BEEN FULLY INDOCTRINATED INTO HAVING BELIEF IN THIS COUNTRY AFTER THE PLAYERS COME OUT IN THE OPEN AND SHOW THAT YOU SHOULDNT!
The GOP supports giving Government HANDOUTS(WELFARE) to corporate jet owners, BIG OIL SUBSIDES for OPEC, you know, the people that hate us, Billionaires, Millionaires, and a host of other Wall Street give aways with our money!
The GOP must be voted out and will be! Look at the Wisconsin recall votes, tomorrow, and see your GOP FATE! Your gonna see Democracy in action!!
Read the results, tomorrow and WEEP as this is what 2012, will look like!
@heathey2 The look at the young guys face is exactly the look on every sane person's face who hears that absolute insult to the public. You don't have to be an economist to know that printing money not backed by anything but debt only exacerbates the problem.
@TheJewRegulator hey, he doesn't represent Jewish people you moron. Also I bet he never read the Talmud or follow Judaism for that matter (he married Andrea Mitchell, which is not Jewish). You should rethink what you said and apologize for such blatant display of racism. Also what kind of username is "TheJewRegulator". I am starting to think you are a troll.
when I was a kid I wanted to become manufacturer of money printing machines, so I could get one for myself. seems like my childhood dreams were not that naive at all ;-) nevertheless: fuck off, megalomanic NWO scum!
if i print a load of money i go to jail, If the feds want to do it, that's ok apparently even though they will print billions of times more. *sharpening my machete*
You can't print money and avoid the consequences. Inflation and asset loss push lenders to ask for higher interest rates. That's the whole reason they downgraded US credit in the first place. The US has expressed no interest in paying back it's bonds at full value, and we're just lucky every other economy has issues too, or they'd pull the rug out from under us.
Pull all your money out of the markets. Close your bank accounts. With your money, pay off your debts and stockpile food and water and weapons. Buy gold and silver and seeds with the rest. Fortify your house. The shit's going to hit the fan in a few months/years.
@rodge2001 I feel the same way, i literary just got of the phone with T. Rowe Price, cashed out my tiny retirement account im going to invest the money on an AK with plenty of ammo. Keep an eye on the Asian Market tonight.
Every dollar we as citizens possess is essentially us willingly accepting the debt that our government has created. When you cash your paycheck, you are turning your hardwork into someone else's debt. You can spend this monopoly money only in the US. RIght now, most Chinese merchants won't accept recently printed US money. They prefer older series currency. That's scary.
And this is why you must buy physical gold and silver as an investment and inflation hedge against this sort of financial terrorism. Remember, Cash is trash!!
ColdWarWarriors 4 days ago
is this the rant of a senile old man or is alan greenspan just a precariously disguised master troll?
hulgarx 4 days ago in playlist Favorites
Herman Cain is a fucking retard
ColdVolcano23 5 days ago
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WTF.... And you let this shithead controll your economy..DAMN....He should be tried for treason to the country.. He sure ass hell would be here in Norway!!!
horgyboy 1 week ago
Comment removed
horgyboy 1 week ago
haha this guy is something. What a botard. "We can ALWAYS print money"??? ALWAYS??!! your a freakin idiot
emetts2112 1 week ago
Ron Paul 2012
Ron Paul 2012
Ron Paul 2012
Please Read 'End the Fed'
And you may be swayed
blackbull420 2 weeks ago
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i hope Ron Paul kick your ass Alan!
JPMorganSuckBalls 2 weeks ago
Wait until the dollar collapse, then you won't be printing old fuck!
JPMorganSuckBalls 2 weeks ago
whos the younger guy sitting with him thinking , what the fuck did he just say?
mikedoles 2 weeks ago
This man is an idiot. Printing money is default. It reduces the value of the debt by inflation. Therefore the creditor gets less value than he was promised. OK he gets the same number of dollars, but I strongly suspect he doesn't give a damn about that - it's just a number. What he wants is the value.
randomxnp 4 weeks ago
The one that is printing money is the FED no the US
ENDTHEFED0 4 weeks ago
banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people,to whom it properly belongs.RP2012
ENDTHEFED0 4 weeks ago
Ya when milk cost $100 dollars a gallon from runaway inflation because of the printing, people ain't going to be happy.
RocknRollaRevolution 1 month ago
Ron Paul 2012.
Balance the budget.
1cont 1 month ago 3
God damn, he is ugly.
richradtylr4 1 month ago 4
There's nothing wrong with what he's saying...If the US government printed a hundred dollar bill and gave it to you would you laugh and say "that's silly" or shut up and take it? Thought so.
nerfmyaccount 1 month ago
@nerfmyaccount you have no idea how economics works do you? Do yourself a favour
peverill 1 month ago
@peverill you didn't answer the question. would you take a freshly printed hundred dollar bill from the US gov? yes or no?
nerfmyaccount 1 month ago
LOL if America can pay any debt by printing money why don't they just print $16 trillion right now?
Hardnut2k 1 month ago
I love the face on the guy sitting next to him!
AliceInWonderlandSyn 1 month ago
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--->> Ron Paul 2012 -- MONEY BOMB --- TODAY!! <<---- ronpaul2012 . com
Donate toward preserving the liberties which our government has grossly perverted since the founding of our nation. Help restore our rights and freedoms.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln
"The only thing necessary for the triumph of evil is for good men to do nothing" Edmund Burke
ronpaul2012hope 1 month ago
LOL NICE warm up the presses to hell with the rest of us. That guy should have been in a nursing home twenty years ago :)
Ekowal1965 1 month ago
The look on the guy's face next to him is priceless.
PurpleRaam 1 month ago 2
The look on the guy's face sitting next to gruenspan is priceless. LOL
jwilson770 1 month ago
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“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…a manner which not one man in a million is able to diagnose.”
John Maynard Keynes (1883-1946), The father of ‘Keynesian Economics’ which our nation now endures.The Economic Consequences of the Peace, 1920, p. 235-6.
silentsnowdog 2 months ago
GREEDY JEW !
mlekolaciate 2 months ago
@mlekolaciate ijiot iew no's nothinG! lol what an idiot. the US dollar is backed by the full faith of the US military and nothing else. hahahah who wan't that?
CodenameOnyx 2 months ago
RON PAUL WAS SO RIGHT ABOUT THIS PIECE OF SCUM !
Gioxtream 2 months ago
destroy the NWO
Germanycalling88 3 months ago
Holy shit. He just said that.
DustinTROM 3 months ago
Oh gee..I shake my head. Israel is controlling the United States & has been since Hitler was off the scene. The coalition with Hitler's NA National Socialist Party was the ZI Zionist Party, After WW II they formed themselves into various guises; NATO, UN, CFR etc. Those in power today, those that control it all are in actual fact, the Nazi's. They are back....and check out how that young guys eyes lit up when Greenspan says they can print all the money they need! Oh boy are we in a pickle.
JillAngie2 3 months ago
Love Goolsby's reaction.
Fiki2k7 3 months ago
The other guy is like "wow, not all at once Greene!!"
davd1986 3 months ago 4
@davd1986 Awesome!
GMirk22 3 months ago
Ron Paul could get 100% of the peoples vote and still would not be declared the winner . I wish sometimes I was a killer type but I am not so I am doomed. Everyone vote Ron Paul Unmask these treasonious bastards
Nemesis1ism 4 months ago
Ugh, Ron Paul drones are fucking annoying.
Alan Greenspan is completely and utterly right. Remember, the negative inflationary effects of printing money are far less severe than bankruptcy. The US will not go bankrupt because we can always print money to pay it off.
GodOfTheInternets 3 months ago
@GodOfTheInternets . Do you even understand the the US gobberment doesn't print money . The Fed does . The Fed is a group of Large Banks and Bankers like Rothschilds. The US gooberment borrows money from the FED. A private corperation . The more money you print and put into the system the less its value . You shouldn't reply when you know nothing about the FED. I would say your poor as well as ignorant. or you are seedinf disinformation
Nemesis1ism 3 months ago
@Nemesis1ism
Here we go again, conspiracy theorists who think they know anything about economics because they saw some YT videos on fiat currency, LOL. Perhaps you should read a book on economics instead of shitty conspiracy economics.
" I would say your poor as well as ignorant."
I would say YOU'RE poor as well as ignorant.
And since when is being "poor" an insult?
GodOfTheInternets 3 months ago
@GodOfTheInternets Being poor wasn't meant as insult. Its about perception . I am what I would call poor. I old and had to struel my entire life . Thats life . But it didn't stop me from searching for the why its as it is . Your more worried about entitlements than you are your neighbors your self interest has blinded you to the truth . The system we live under is built by the rich for the rich , It cann't be any other way . Print more money The poor get poorer. Become independent.
Nemesis1ism 3 months ago
@GodOfTheInternets Being poor wasn't meant as insult. Its about perception . I am what I would call poor. I old and had to struggle my entire life . Thats life . But it didn't stop me from searching for the why its as it is . Your more worried about entitlements than you are your neighbors your self interest has blinded you to the truth . The system we live under is built by the rich for the rich , It cann't be any other way . Print more money The poor get poorer. Become independent.
Nemesis1ism 3 months ago
@Nemesis1ism
I'm sorry, I didn't understand any of that.
GodOfTheInternets 3 months ago
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.” Greenspan Gold and Free Markets
RandallSteen 4 months ago
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What's going on here ??
Why should US citizens pay debt over money that was created out of thin air by private bankers ?
Tautoulogic 4 months ago
we ppl fallow old man with dead brain?
sebek23b 4 months ago
Logically he's actually right. Even if it is hyperinflation, it's not default.
tubub 4 months ago
like this to dislike the regime!
Honestjosh 4 months ago
Default through hyperinflation...
tommy35ss 4 months ago
"So there is zero probabillity to default" ye we will see.
chesh1710 4 months ago
The guy next to him is like " Oy Vey, Al, you're cash'in in all your chips at once"
tinman24601 4 months ago
@tinman24601 i love how he get off at someone actually saying it. these globalist scum cant hide their giddyness at destruction
JFAINTER88 4 months ago
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we are so fucked...
Feralthegod 4 months ago
The answer to Ex- Chairman Greenspan is yes, the USA can always print more money to pay its debts because they are denominated in US dollars......BUT by doing so it will devalue the dollar greatly, it will push price inflation in commodities and services through the roof, and it will signal to investors that the dollar is not the safe heaven anymore, will probably risk the status of reserve currency of the world, and will exacerbate the problems of the american people when they can't buy shit.
jaimepanama 4 months ago
If we can print more money then why not just print enough so everyone can buy two cars and a mansion? *sigh*
asands84 4 months ago
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"Zimbabwe and Wiemer Republic were good at printing money also"
Don't know how that comment isn't in the top spot.
travz21 4 months ago
Romney thinks Bernanke is doing a good job and would reapoint him. He also would keep the Federal Reserve. Herman Cain would reappoint Alan Greenspan and keep the Federal Reserve. WHAT THE HELL? No wonder the lamestream media is in love with these two bafoons!
isaias1776 4 months ago 4
Herma Cain’s Favorite Fed Chairman!
saul4002 4 months ago 35
And this is Cain's favorite federal reserve chairman!?!?!
ARKO942 4 months ago 13
@ARKO942 My sentiments precisely.
80sJay 4 months ago
@ARKO942
Cain cracked. I hate him.
videomakerman1232 4 months ago
Mr Greenspan,
You do not work for the American people, you never did, the world cannot trust you.
You are an “inside lobbyist” that deserve jail time.
I think now, on your retirement, it’s time for you to remain silent even if you could be ever right.
masotta 4 months ago 2
Alan Greenspan:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
RandallSteen 5 months ago
Zimbabwe and Wiemer Republic were good at printing money also
rudemood2011 5 months ago 3
Does anyone here think they know more about economics then Alan Greenspan? Why don't you people educate yourself on what it means to be a Monetarily Sovereign country as opposed to a non Monetarily Sovereign country. mmtwiki.org/wiki/Monetary_Sovereignty
magfoo 5 months ago
He was a friend of Ayn Rand's...what happened to his intellect?
runr100 5 months ago
lol print more money so we can use it to wipe our ass with ,that's all it will be used for soon enough for :P
Tonykaos 5 months ago
If the solution is to print more money then we all can start print our own money...Shit..We don´t even have to work any more...
grimlund 6 months ago 2
@selhax Well I can't disagree with you on the fact that this shit goes on and we don't do fuckin a damn thing about it and it pisses me off too! are we the only 2 people who actually get pissed about these things?
HSCUK 6 months ago
@selhax bet you wouldn't say that to one of our faces you little fuckin pussy
HSCUK 6 months ago
WHO EVER LIKES THIS VIDEO WELL UR FUCKING DUMB! CHECK OUT THIS VIDEO ON YOUTUBE- Hyperinflation in Germany, 1923.."Those who fail to learn from history are doomed to repeat it.” WAKE UP AMERICA!!!
scrapz8005 6 months ago
This man is a moron. No really look at what happened to weimar germany when they tried to pay they're debts by "printing money" after world war one, After a simple glance at a history book you can tell that this man is a moron,
wowplayer6541011 6 months ago
@grandguignolplanet It looked like he was saying: "Oh shit, you didn't just say that!"
katydig 6 months ago
And you know what's the most fascinating thing?
Even with Alan Greenspan saying this, the public still hasn't waken up to the ponzi scheme.
How cool, the insider announces bluntly that "this is a freaken giant ponzi scheme", and people still say you must be a conspiracy nuts if you think there is a ponzi scheme going on :)
tzontlilic 6 months ago
FECKING JEWS. Hitler was right all along.
ThusSpakeDenise 6 months ago
THIS was the guy they called 'The Maestro'.
THIS was the guy whole hordes of press fawned over.
THIS was the guy they spent endless hours debating WTF he said and what it meant.
THIS was the guy who was in charge of our economy and our treasury for decades.
He's not suddenly senile. This is normal for him.
signalfire6 6 months ago
Greenspans Econ Class 101, fuck making money we can just print it! I GOT AN "A"!!
a13solute 6 months ago
@a13solute
And if you hook yourself with the criminal money exchange families, you would get yourself an A+ and become the chairman of Federal Reserve :)
tzontlilic 6 months ago
The skull and bones member beside him said in a whisper "Damn" These people are criminals and they are robbing us blind. Things are going to start falling apart fast after QE3. I sure hope Ron Paul gets elected before it's too late.
applemanjohn 6 months ago
@applemanjohn
If shit hits the fan, Ron Paul would likely be the first one to be killed, tarred, and feathered by the public. The public would merely say it's all Ron Paul's fault for saying the economy would collapse and that's why it happens.
Meanwhile the Wallstreet criminals would still be happily sitting in their big chair sucking the blood of the public.
Unfortunately the public in your country is hopeless. Just try to protect yourself and your family bro.
tzontlilic 6 months ago
Right, so that means the us is debt free and the obligation owners get half there money back...
stephano1990 6 months ago
This is the man who contributed to the book Capitalism: The Unknown Ideal by Ayn Rand in which he, through several essays filled with facts and sound reasoning, successfully defended laissez-faire Capitalism and demonstrated the fallacies of precisely this kind of (un)economic "practice".
What a massive evasion of the mind it must take for him to now say this with a straight face.
Ultralism 6 months ago
So where are we along the Zimbabwe/Weimar/Argentina timeline? My gut feel is it's just about to start but it will gradually get worse along the next two years, like it did for those nations.
cbdevidaljk1 6 months ago
Comment removed
cbdevidaljk1 6 months ago
he is actually being serious? wow... time to retire.
Beam261 6 months ago
Hyperinflation worked beautifully for Zimbabwe and Hungary.
Exhalent 6 months ago
All he's saying is that if it comes down to it, we will not default on our debt as long as we can print more money to cover it. Of COURSE it would be a bad idea, but he is correct in his statement.
djdrocco 6 months ago
I watched this live on vacation with my liberal family and just bursted out laughing at this
TyTurd286 6 months ago 29
Alzheimer's.
Greggg57 6 months ago
Yeah... I'm not broke I still have checks!!! Brilliant
vancejo 6 months ago 4
Who is this dumb ass?
Why is he in a place worthy of interviews?
Relieve him and all others with his views..
Before they doom us to poverty...
People wonder why we are asking for a reform. IDIOT!!!
Just print more money, again what idiot-icy is allowed to have power..
Jedika 6 months ago
Comment removed
Lrdvltr 6 months ago
@Jedika Retard.
sanguinarius2 6 months ago
@Jedika i hope this is sarcasm, but if not i will explain. alan greenspan is the most recent (i believe) former chairman of the federal reserve. this is a man who was basically in charge of the entire countrys money reserves. does that make you more comfortable? (yes, we are fucked if we continue the path were on)
tehgreatist 6 months ago 2
If all we have to do is print more money, then why do we bother paying taxes? Greenspan....You are a FUCKIN HACK PIECE OF SHIT!!!!!!!!!!!!!!!!!!!!!
MikeSchmalz1 6 months ago 3
Buy gold silver canned goods non gmo seeds..these will be the new currency
jackhinson76 6 months ago
"We can always print money"?
Sure we can. However, we cannot force people to accept the money that we print. Ask Zimbabwe's Robert Mugabe how well his un-backed money printing worked out.
swoldier1016 6 months ago 4
@grandguignolplanet Very true, thanks for the post.
swoldier1016 6 months ago
I truly hope Hieronymus Bosch's depiction of hell is an accurate one. This evil P.O.S. is surely on the list.
swoldier1016 6 months ago
Alan Greenspan: money DOES grow on trees.
infantile delusions of grandeur
goodbyetroll 6 months ago 2
Shame on USA!!!!!
andriusign 6 months ago 4
this man is a monster
lastpatriot4America 6 months ago 3
Alan Greenspan, 24 seconds, US economy...14.7 trillion...look on Austin Goolsbee's face...PRICELESS
Cushla68 6 months ago
this is exactly what China wants. US can keep printing money like crazy and China will lose 3 trillions US cash plus 1 trillion US debt, but hey it's a good deal to collapse US.
MultiAlpha111 6 months ago
I'm so eagerly waiting for US to crash!
Locohappy 6 months ago
The other guest's face impression: "WTF is he talking about! What a fool!"
gaga088 6 months ago
if you don't see right away this scum is a freaking mafioso must be blind...
slckb0y 6 months ago 2
we are doomed.......
Alan just shut up and don't give obama this idea. we are in enough trouble already.....
If you want to see hell u will be there soon. i am only 25 i don't want to live in hell with u.
2000jtango 6 months ago
I just love the look on the other panelists face. "He said what?" flashed across loud and clear.
Earthsharing 6 months ago
Figure out how much money we'd have to print to raise inflation to %1000.
Print that much money and pay off our debt.
Allow people to exchange their $ for 10x as much.
Continue with regular economy except you add another 0 to every price.
The Chinese might be pissed but hey, we paid our debt!
LILWAYNEISAFUCKNJOKE 6 months ago
Comment removed
LILWAYNEISAFUCKNJOKE 6 months ago
Technically correct... but scary. Printing money creates a whole slew of other problems way worse than defaulting.
msgolds89 6 months ago
Ty lord i taken Economic in Highschool
arron1236 6 months ago
Holy shit!! Unbelievable!
MsChapman77 6 months ago
I remember when people worshiped this fool, moron yuppies! This psychopath is actually smirking as he is saying it. Look...it's insane. The FED NEEDS TO BE BANNED FOREVER. It is a cancer on our society and the people running it are not interested in the concerns of the people. Ironically enough, these fools-ie, greedy bastards that got us into the mess are posing as the saviors to get us out of the mess. Up is down, freedom is slavery and this man, Greenspan, is a complete SCUMBAG.
Rockclimberscott 6 months ago 3
BANKSTERS + POLITICAL DUOPOLY + FIAT CURRENCY= ECONOMIC DEATH
jibbi4one 6 months ago
$16 Trillion ?, $16 Trillion !.
$16 Trillion.
Tautoulogic 6 months ago
You'd think printing money would cause rampant inflation, but the inflation rate over the past couple years has been on the decline. Last year was a historic one, in the sense that there was almost no inflation.
11111110 6 months ago
@11111110 haha when was the last time you bought something of the shelve in a store?
21stCenturyEconomy 6 months ago
@21stCenturyEconomy
Yesterday, why...?
11111110 6 months ago
greenspan is dead, He just doesnt know it yet!
galileegirl 6 months ago 2
Hey Greenspan, how much did they pay you for your soul?
MillionthUsername 6 months ago 3
We can be just like Weimar and Zimbabwe!
doc7474 6 months ago 3
@grandguignolplanet LOL - you are right - it's getting really tough for all those White shoe-Wallstreet boys these days. The truth is plain, simple and painful for them. Praise good old Greenspan for waking up the ignorant sheeple!
Caballingus 6 months ago
Wow... what the FUCK!? Hang him. HANG HIM!
deneco4 6 months ago
@deneco4 THERES THE TERRORIST! ARREST THAT MAN!! Why has nobody said that yet?
deneco4 6 months ago 2
0:19 haha
bassbiff 6 months ago
Face Palm.
brad238899 6 months ago
Just ridiculous.
westwaytv 6 months ago
@213jbk hahaha good joke :)
Halonkata 6 months ago
I'm not out of money - I still have checks left
ChampionMobile 6 months ago 3
God fucks USA.
newwarsovereign 6 months ago
They should have chocked him a bit for saying that.
It's true,but it's like robbing everyone in the world,to keep a few politicians in work,for a little longer.
express375 6 months ago
THE CRAZY THING IS I STILL KNOW PEOPLE THAT WANNA ENTER THE MARKET AFTER HIM SAYING THIS AND THEY REFUSE TO LOOK AT THIS 24 SECOND VIDEO!
IT HURTS ME TO SEE WHAT WILL HAPPEN TO THEM B/C THEY HAVE BEEN FULLY INDOCTRINATED INTO HAVING BELIEF IN THIS COUNTRY AFTER THE PLAYERS COME OUT IN THE OPEN AND SHOW THAT YOU SHOULDNT!
thechosenone43 6 months ago
This has been flagged as spam show
The GOP supports giving Government HANDOUTS(WELFARE) to corporate jet owners, BIG OIL SUBSIDES for OPEC, you know, the people that hate us, Billionaires, Millionaires, and a host of other Wall Street give aways with our money!
The GOP must be voted out and will be! Look at the Wisconsin recall votes, tomorrow, and see your GOP FATE! Your gonna see Democracy in action!!
Read the results, tomorrow and WEEP as this is what 2012, will look like!
coltor9 6 months ago
Hyperinflation
Iceman78985 6 months ago
GUARDS!!! You let another one get away!!!
MrSeekerofjustice 6 months ago
The look on that guys face says all.
heathey2 6 months ago 58
@heathey2 The look at the young guys face is exactly the look on every sane person's face who hears that absolute insult to the public. You don't have to be an economist to know that printing money not backed by anything but debt only exacerbates the problem.
PoshBirdGabi 6 months ago 4
@heathey2 His reaction is priceless! He's like, "Holy shit, I can't BELIEVE he just said that." LOL We're so screwed it's not even funny...
stacyphx 6 months ago
@heathey2 Yeah, he has the same arrogant look as Barbra Specter in her PAEDA speech about jews "transitioning Europe to a multicultural state".
stopglobalswarming 6 months ago
Greenspan....fuck yoooOOOOUUUUUUUUUU!
deadballo 6 months ago
Yes, yesss! Print it. Print it! As much as you can! :)
twinzl 6 months ago
@twinzl Print it and give me some too!!!
ah1rooivalk 6 months ago
he wears a suit he must be right!... were fucked
88roro11 6 months ago
@TheJewRegulator hey, he doesn't represent Jewish people you moron. Also I bet he never read the Talmud or follow Judaism for that matter (he married Andrea Mitchell, which is not Jewish). You should rethink what you said and apologize for such blatant display of racism. Also what kind of username is "TheJewRegulator". I am starting to think you are a troll.
donazzura 6 months ago
Thanks to these printers. I will soon have million of dollar that worths shit!
bigfattony007 6 months ago
Fawking Schmiegel telling it like it is. Got gold, silver, water, food, guns?
ewjmcj 6 months ago
"we can always print more money".
chloecheergirl1 6 months ago
RON PAUL 2012
levere1856 6 months ago
This is how stupid they think we are.
Criminal. We're being run by criminals.
LUVallova 6 months ago 3
when I was a kid I wanted to become manufacturer of money printing machines, so I could get one for myself. seems like my childhood dreams were not that naive at all ;-) nevertheless: fuck off, megalomanic NWO scum!
Caballingus 6 months ago
@Caballingus You should have got into the money printing business. You'd be making a killing :)
thedarkone2134 6 months ago
KILL ALAN GREENSPAN
omegapoint777 6 months ago
This is a deliberate attempt to bring down the US economy to its knees which is what their objective really is since its inception.
eclinik 6 months ago 4
Alan Greenspan - what a tool.
lgarvey 6 months ago
WHAT A JOKE, I THOUGHT THE DINOSAURS WERE EXTINCT?
shiftjeenyus 6 months ago 3
if i print a load of money i go to jail, If the feds want to do it, that's ok apparently even though they will print billions of times more. *sharpening my machete*
properboisthat 6 months ago
watch?v=RTckFl0jPN8&feature=channel_video_title
claim the right of the security of your person !
free humanity here we come love you all !!
it's all common law U.C.C code all commerce law look it up, free information free your mind ! free the WORLD !!!
take away the printing press from this band of cowards that get others to do there dirty work !!
let the paper work for us for once !!
so it is written so it shall be done !!!
demented669 6 months ago
lol guys face at :18
BassGoesBoom1 6 months ago 2
@BassGoesBoom1 no matter how much money you can print, that face is priceless!
Jaluzaga 6 months ago 2
Incompetent maniac ! Somebody punch this monster!
GlobalMafiaWatch 6 months ago
@VoiceO1 Printing money is a default.
You can't print money and avoid the consequences. Inflation and asset loss push lenders to ask for higher interest rates. That's the whole reason they downgraded US credit in the first place. The US has expressed no interest in paying back it's bonds at full value, and we're just lucky every other economy has issues too, or they'd pull the rug out from under us.
TheSpecKK 6 months ago 4
@TheSpecKK Amen Brother I'm right with ya.
VoiceO1 6 months ago
The New weimar republic is Drum ROLL PLEASE________ USA! YA!
Oceanno69 6 months ago
Pull all your money out of the markets. Close your bank accounts. With your money, pay off your debts and stockpile food and water and weapons. Buy gold and silver and seeds with the rest. Fortify your house. The shit's going to hit the fan in a few months/years.
rodge2001 6 months ago
@rodge2001 I feel the same way, i literary just got of the phone with T. Rowe Price, cashed out my tiny retirement account im going to invest the money on an AK with plenty of ammo. Keep an eye on the Asian Market tonight.
Hope for the best, be prepared for the worst
ijm95689 6 months ago
Every dollar we as citizens possess is essentially us willingly accepting the debt that our government has created. When you cash your paycheck, you are turning your hardwork into someone else's debt. You can spend this monopoly money only in the US. RIght now, most Chinese merchants won't accept recently printed US money. They prefer older series currency. That's scary.
rodge2001 6 months ago
The US pretty much has been using counterfiet money for the last few decades.
rodge2001 6 months ago
Where can i buy some good rope? And how much do you think this Luciferian scumbag weighs?
TorontoBoi 6 months ago
I think that's from the Robert Mugabe School Of Economics...
Motto "We Can Always Print More Money"
no2globalism 6 months ago