Ron Paul 2012 or BUST! Restore sound money, lawful money and constitutution money. Back the US Dollar by gold or silver again or GAME OVER FOR AMERICA!
For all Gold Bugs: Gold based or Fiat money makes no difference! By lending and re-lending out, banks create more money in accounts all the time. The interest they charge, they do NOT create. More debt is created than there is money! When people can't pay their debts, banks go broke just the same and savings in accounts are lost. Please see: /watch?v=7kk6fplyLTI and /watch?v=UG5luKfGjU0
Greenspan is like anakin skywalker, used to be on our side, supported the gold standard, fought against the draft, true libertarian.. then somehow went to the dark side, fed chairman statist.. still waiting for him to come back and save the day..
Alan Greenspan believed in a ideology peddled by Ayn Rand a Russian lady who wrote a book in the 50s called 'Atlas Shrugged' which championed selfishness as a positive means of doing business, and look where that got the world! Greenspan should be sharing a cell with Bernie Madoff!
How Greenspan has been brainwashed... I read his 1966 essay called gold and economic freedom. How Greenspan has changed his views so dramatically is beyond me. Talk about a 180.
-What'th, -why isn't this criminal Bank'ster Greenspan in prison for his committing egregious Fraud upon the people of n.America, as an agent of the subversive jewZionist Rothschild/Rockefeller-mobsters which have hyjacked the Treasuries of all major nations. Seems about time our worthless usMilitary stand-up like men and go after these so-called FederalReserve & IRS criminal-agents of the warmongering Rothschild/Rockefeller-regime which is so terribly devastating people everywhere...!!!
@brianmenendez --okay, so we thus need to go after the people in charge, who put him in charge, that are still in charge...But i don't know that our dumbed-down usMilitary (-not that they were ever very bright, since some 80-Million illegal-alien criminals have easily invaded past our borders in recent years without a shot from one!) can figure out that the bastard jewZionist Bank'ster-mafia that has hyjacked our government, -is indeed the likes of Rothschild.Rockefeller et'al...!!!
@brianmenendez brilliant (=true+funny). What if he set up the house of cards we live in for a controlled financial demolition? Just a crazy thought of Greenspan as a tool of liberation.
@UBSCARED Correct. As William Jennings Bryan said, "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."
Did very well between 1870-1914, he said... Much of that was the Long Depression. Out of it came the Populists, William Jennings Bryan who identified the Cross of Gold... Later the Progressives and Theodore Roosevelt trying to tame the excesses of the Gilded Age. That statement he made tells us his bankruptcy. Moreover, this talk of hyperinflation always under fiat currency is not supported by any fact. Hyperinflation always results from extraordinary circumstances.
@lordhighexecutioner Here are 25 examples of hyperinflation under fiat systems (all fact). sjsu.edu/faculty/watkins/hyper.htm Rather than refute each one, (I suppose you would argue that extraordinary circumstances caused each one) perhaps it would save time if you would just give us one example of a fiat currency that stood the test of time. tia
Greenspan was against using gold as money while he was fed chairman. Greenspan has never supported a full audit of the federal reserve. Greenspan is an adviser of the Obama administration.
Alan Greenspan supports a central bank, yet now he claims to support many the ideals of Ron Paul! You've got to be kidding me. Alan significantly lowered interest rates, thus removing the tightening of credit Paul Volker had to do. Interest rates are more easily lowered because it hides problems and makes it easier for businesses to borrow. Plus it prevents the national debt's payments from getting too high. These bankers don't care about the US because they won't forgive the US of its debts.
@MONOPOLY35 Volker did what he did to kill inflation by creating unemployment. When inflation was reduced, interest rates could be reduced because interest rates minus inflation equals real interest rates and these would shoot up if interest rates are not lowered when inflation is lowered. By the time Greenspan was in there was very little inflation and interest rates could be kept very low without triggering significant inflation.
@lordhighexecutioner That's what happens when a small group of men are convinced they are doing "God's work" and "helping the people". Your explaination of Volker and Greenspan are very good! Thank you for explaining it peacefully. In order for our nation to have even the smallest chance of paying our national debt peacefully, we need to end the Federal Reserve!
Greenspan is one of the those most responsible for where we are today. His policies from the 80s through to now created a perfect storm. Back in the 90s he was warned specifically that CDSs should be heavily regulated if not banned. This guy is an arse in a suit, maybe he would be better at reading tea leaves.
@brianmenendez - Actually, I've reconsidered. I would rather have he and all the other SCUMBAG "Elites" controlling this scam system to be DRAWN and QUARTERED!
It's time to bring these methods back. This nonsensical fraud system can't be allowed to continue.........
@brianmenendez I take back my previous statement, give these criminal banking cartels a chance to remove themselves peacefully first and walk away, if not, then bring the hammer
Nixon was FORCED to get out of the gold standard, because other countries had their currencies pegged to the dollar and free gold market, while the US had a fixed price for gold that was $35 per ounce. Europeans were buying dollars and then buying gold in US and selling in their home countries. That was FREE MONEY for them, so Nixon dumped the gold standard to stop the bleeding of gold from this country. Gold standard will never work.
Alan Greenspan is a Knight of Malta who has been part of the Knights of Malta controlled collapse of the Temple Crown financial system headed by the Universal Postal Union in Berne, Switzerland.
If we go back to a gold backed currency, we should buy all that gold which is in their very own hands. Don't you realize we should give them the backed money as we issue it?
Gold standard is a fuc..ing trap!!! Don't fall 4 gold!!! They want us to believe it.There are 3 times more people in earth than 110 years ago. There is more or less the same amount of gold.
Gold is the symbol of plutocracies. Most of Earth's gold is in the hands of the few, rich banking elites have bought it all and artificially inflated it's price. Returning to gold standard would be next turn of the screw to a world's domination.What we really need is money printed by real govenments!
How can giving a nations currency over to a corperation be good. A corperation that has nothing to do with the govt? Simple the politicans then were just as corrupt and ignorant as they are today
@FenrirLupus Or maybe firts he needs to suppress GS to steal the gold of the people ( as they did ). And now that they are the only owners of this gold, they want to secure their position maybe in fixing the highest historical value of an ounce, so they will remain the manipulators of the richness and the people can' t buy it.
GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.
That period in U.S. history he's talking about coincided with the progressive reform movement, which began with the uprising of farmers and ranchers against predatory banks.
@RainbowLogic GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.
@evadidio He is talking about money creation based on Gold. Currently money is created at will and results in inflation. By pegging money creation to Gold the creation of money is held in check. If the government wants to increase the money supply (i.e. devalue our dollars) they must then attain Gold to do so - which means they have to exchange fair value for it. It keeps governments balanced and doesn't allow them to endlessly spend or create fiat currency which robs us through inflation
@MrMaveri Of course, he was one to vote for the suppression of GS. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buil a house, and they remain in souvereignity.First they suppressed GS to steal gold; now the want it again to enslave you.
@MrMaveri Of course, he was the first to vote for the suppression of GS in 1971. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buy a house, and they remain in souvereignity.First they suppressed GS to steal gold; now the want it again to enslave you.
@MrMaveri Of course, he was the first to vote for the suppression of GS in 1971. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buy a house, and they remain in souvereignity.First they suppressed GS to steal gold; now they want it again to enslave you.
Alan Greenspan is truey one of the world's biggest idiots, he could not see that greed is foremost in this world... never let a person like this make any important decisions and where are the idiots who put him there?
@Adelaidemark - He's not stupid at all. He did exactly what the "idiots" that put him there made him do and they all got obscenely rich and powerful. Now they are overseeing a controlled global economic collapse and benefiting from that as well. Meanwhile, the bulk of society suffers and worries if they'll have a roof over their head and food on their table in the future. THIS IS A FAILED SYSTEM! WAKE UP!
@dink65 FAILED SYSTEM give me a break. no one needed to wake up to this, (well exept for him) if you give money you don't have, to people who can not aford to repay the loan. ITS GOING TO FAIL>>>> stupid
@Adelaidemark - I understand. It was done on purpose. It was designed to fail. That's what you seem(?) to be missing about this. I can tell you are intelligent though......
Central Bank, Central Government, Central World Organization = Federal States of America, WTO, and UN. only way to save our nation is to repeal the laws that bind us to these negative bodies. get out of IMF, WB, UN, WTO, save our own nation first.
Gold standard idea is bad. It does not allow for unlimited growth and any commodity can be manipulated by a small group of people. There is only one solution. Write down the federal debt and balance that by also writing down consumer debt by the same proportion as well as removing money from the system in proportion. Those with no debt, will benefit by seeing a appreciation in their savings as the dollar goes up.
the day the american white man, white anglo-saxon protestant white americans let this nation fall down, turn their backs on their own nation, and dont put gold and silver back in their money, then we are all doomed to destruction. every other foreign born hispanic mexican, african, asian ,immigrants hindus, all standing by to take over this country.
AHHH FOX NEWS. You need the central bank because American Government has become nothing but a military presence that murders and subdues the worldwide population so that independant global companies can maintain a monopoly over the worlds resources. Wake up America ! you don't have a government. You don't have any kind of viable economy of your own. No body wants to face up to it because they are so terrified and afraid of being conquered.
Free energy technology (UFO Discloser) will soon be released to the public, among other free energy devices, by our government. But there is a catch! It will be in conjunction with the RF chip (666) so that our financial institutions can maintain control. Before the dollar value was based on gold, now oil and next the RF chip accountability. CAUTION! If you decide not to go with this new earth saving technology, many will see you as a prehistoric rogue. But I see it as the mark of the beast.
I find it interesting that Greenspan is open to the gold standard and the erradication of a central bank when he was instrumental in destroying our currency and economy. Is this some sick joke Alan?
@nomoreserfs He did everything he could (in fact was instrumental) to help the gold standard and the eradication of a central bank. He may one day be a hero to us.
A gold standard would lead to deflation. No one denies that. Supporters even say that deflation is a good thing. They are foolish. Deflation transfers wealth from the business and entrepreneurial class to the investing class. When businesses see their goods declining in value, they liquidate them and cease production, as everyone moves into cash. This means unemployment. Deflation also causes wages to drop, because each dollar buys more labor. Think about it.
Actually, deflation from the gold standard would do the exact opposite in the long run. The investing class benefits from inflation because they borrow capital cheaply and are closest to the sources of money creation, which means more undiluted money value. Deflation to a stable currency would benefit those who save, which includes most Americans. Businesses and entrepreneurs would actually be helped by stable business environments and tighter credit, which would encourage prudent investments.
Nope. See my previous comment. Also, I recommend reading A Tract on Monetary Reform by John Maynard Keynes. Inflation reduces the value of investments and lessens the real interest rate. And tight create is not good for businesses.
Keynes is only one school of thought. Taking the situation nowadays into account, real interest rates are zero or even negative. Inflation is simply outpacing interest rates when they are set at or close to zero. This is why nobody is buying 30 year treasuries. This highly discourages savings. Savings is necessary for capital formation. Government supplied credit is no substitute for private savings. This leads to further national debt and devaluation of our currency, impoverishing our nation.
The deflation would be temporary. A good gold standard would also force a fiscal responsible government. If you got rid of fractional reserve banking, created a solid gold standard, and drastically reduced the size of government, we would have the most stable conditions a society has ever seen. Stable value of currency, no expansion of credit due to a 1:1 lending ratio, and less taxes!! Be nice wouldn't it?
Yes, a gold standard and lower taxes would have some benefits, but you need to consider the other side. Without fractional reserve banking, the amount of credit would decline drastically, to about 1/10 of current credit. That would be bad. And "fiscal responsibility" is just as likely to mean higher taxes as less spending (or both, which would depress the economy). Almost all taxes go to the military and entitlements, which you need to factor in.
Credit needs to decline drasitcally. We would have a severe recession in the short run, but a much better savings rate and more stable economic cycle in the long run. With less credit, the housing bubble nor the Nasdaq bubble would have happened. Higher taxes would be much better than inflating and borrowing. Wars and military occupation would be much more scrutinized which isn't bad. The entitlement spending would also be way more scrutinized.
Before you said it would result in lower taxes. An inconstancy, and not an argument hard money guys ever make, that higher taxes would be okay. Obviously, spending on things like war needs to be highly scrutinized. But I am not convinced that a hard money system would not result in more unemployment and a permanent quasi-slump.
It would result in lower taxes because it is not popular to jack up taxes to astronomical percentages. The real cost of the gov. is not what it taxes, but what is spends. Borrowing only delays and exacerbates the problem by allowing it to continue. Inflating is simply an informal tax by reducing the amount money is worth.
If we abruptly changed to a hard money system, you would be initially right in that we would have high unemployment. BUT, in the long run, with a sound form of money (doesn't have to gold) and market interest rates, I don't believe we would find ourselves in this predicament. The country's resources would be efficiently allocated in that interest rates would reflect real savings of a stable currency, not the funds rate from the fed of a fiat currency.
And you may be right, in the long run. Its a topic worthy of debate and investigation. One book I can recommend on the subject ( though you may disagree) is A Tract on Monetary Reform by JM Keynes. Even if you don't like him, its a good read, and its good to consider other views.
I was thinking about reading a Keynes book. Just didn't know which one. One book I have read is called Economics in One Lesson by Henry Hazzlit. It's a great book for the sound money argument.
But look down in your previous comment, you said, and I quote, "Higher taxes would be much better than inflating and borrowing." This implies that you are saying hard money might lead to higher rates of taxation. And yes, I do understand government accounts, how taxing, spending, and borrowing works.
My argument is that deficits are high right now because we can inflate and borrow. My defending statement is if the gov. were required to pay for itself, it would not spend so irresponsibly in the first place. What if the gov. actually had to pay for what it spends this year? Don't know about you, but I'd grab a one-way ticket to New Zealand!! (Not that they're way better). Its my belief however that with the current system, its just to easy to spend. Its a debate for the ages though!
@hoodoo961 "Deflation transfers wealth from the business and entrepreneurial class to the investing class. "
Deflation rewards savers, and it punishes people who loan money out on credit and people who borrow on credit - i.e. risk takers, and the willingly self impoverished.
People who save money and act prudently are the absolute BACKBONE of any nation. Without them, you won't have a nation, and purposeful inflation aims to kill every one of them.
@fuzzywzhe Do you not realize that savers and those extending credit are the exact same people? When you deposit money in your bank, you are making a loan to the bank, that in turn loans the money out to someone else- in effect, you are loaning your savings out to whoever borrows from your bank. Credit and debt are the flip sides of the same coin. And where do you think the economy would be if no one borrowed money to make investments in new firms and capital projects?
@fuzzywzhe Look, in order for resources to be made available for borrowing and investment, they must be deferred from consumption or saved. Those doing the deferring in effect extend those resources to those doing the investing. And yes, today banks and other institutions act as intermediaries in this process. But you present saving/credit is good and investment/borrowing as evil, when they actually imply one another: you can't have one and not the other.
@hoodoo961 Look. I don't think you understand wealth.
Wealth is directly linked to production. When have a ton of money, the only way to keep it is invest it. In a CAPITALIST system, good investment is developing things that people need to society. Bad investment is developing things nobody wants.
Banks don't know fuck about investing intelligently, which is why we're in this mess, of over-priced homes, and under priced commodities. The banks will soon make commodities just like homes...
@fuzzywzhe I understand very well, thank you very much, and it seems to me that you don't understand basic accounting identities that imply that savings=investment and credit=debt, or the concept of a balance sheet in general. If I may recommend a book on the subject, "The Nature of Capital and Income" by Irving Fisher is excellent.
@hoodoo961 "you don't understand basic accounting identities that imply that savings=investment and credit=debt,"
BECAUSE it does not.
Not in a fractional reserve system.
You can insult me all you like, but at the end of the day, I understand, and you don't. All fractional reserve systems fail. You might see the fractional reserve system on the commodities exchange system collapse soon in fact.
Ayn Rand was a douche... She actually used some Marxist thought to try to disprove Marxism, but she failed miserably.
Ayn Rand should have looked up some elementary evolutionary theory... and not to bring up the "altruism is bad" argument... because "altruism" is an evolutionary product of living in groups / tribes...
E.g: dogs are altruistic, while cats are not...
Ayn Rand wanted us to act as something we are not.
Well, what a wast of time and server space... Ayn Rand used Marxist thought... wahahahhahah..... Do you have a medical condition we should know about, or did someone drop u after birth?
Wahaha, I'm sorry man that I can't take you seriously. First you claim she used Marxist thought and now she turned it upside down, what's next, she loved lenin... Do you even get the point's she's making(rhetorical question).Make up you're mind before you start trolling. You're all over the place, and seem to be on you're high horse, so good luck to you with that.
Ayn Rand used Dialectical Materialism which is the cornerstone of Marxism...
Meaning: the method of analysis, can be directly traced to Marxism, and it should be of no surprise since she grew up in a wealthy family in Russia when the revolution broke out... So she framed the direct opposite of Marxism...
It is interesting that you don't get how "using marxist thought" doesn't mean you agree with them...
Ayn Rand *used* the framework of thought of Marxism / Dialectical Materialism, turned it upside-down... and then added a bunch of idealism and hero-worship (ala the-american-dream).
This was my standpoint from the beginning, was it so hard to understand?
Oh, I get that just fine, don't worry about me sleeping the American dream.. And like I said, I have my points of remark about Ayn, but it's blatantly obvious, you you're self argue like an Objectivity. And to go so far as to say she wasn't a philosopher is saying Plato wasn't worthy of that title. Blind to see what makes her worthy of the title is in fact preventing you to see the brilliance in her work. This actually is the same thing that make u think Sweden is free....
For the record, I'm not even a Ayn Rand fan, but would like to have a sensible conversation about anything, but you're just waisting good time, in with one can read the books, one likes, or dislikes...
I wonder if Greenspan destroyed the dollar in the way he did to prove a point that fiat currency is an unsustainable concept. Sort of a Machiavellian take on his tenure, but if you read his pre-Fed essays, and watch this video, it's pretty clear that his views on a gold standard have not shifted, despite the policies during his reign.
@dc1026 AYN RAND. In Greenspan's earlier essays he was very pro-constitutionalist and pro- gold standard and he is wrong in this interview by saying that America is a democracy or that Americans live in a democracy. The USA is a CONSTITUTIONAL REPUBLIC.
@MazdakTV If constitutional Republics are stupid then you would not even have the right to express your views in any other political system unless it conforms with the ideology of the regime in which you live. What is in the USA now is treason in government and a drifting away from constitutional republicanism due in large part to the complacency and ignorance of the American sheople, but that is starting to change
A constitutional republic of the kind in USA protects the minority elite (the capitalists & aristocrats) from the bewildered herd (the workers / the proletariat)...
Democracy, when fully realized, provides a system where freedom-of-expression & welfare can be realized...
Direct democratic societies have not been fully realized yet, but they will.
Why does USA-style republics produce more "liberty" and freedom-of-expression?
News speak alert...! Being free is, not having the power to control you're own, accept for passing the blank check to government of course, this is you're duty...
Hahahaha, Sweden free, free of what,... Not bureaucrat's that's for sure..
Your liberty, always comes at the cost of someone else... Your economic liberty to be able to spend money as your wish, comes at the expense of someone else... This is economics 101...
Liberty, is first and foremost, economic security and safety. Liberty is not having to worry about health-care...
To quote Rosa Luxembourg about freedom-of-speech: "Freedom is always the freedom of dissenters".
And again, you're all over the place, Sweden left, more soviet, free, now it's even free of bureaucrat's, but if there there..OMFG? All over the place.... Heaven help me.....
And what a nice ending there thronging a semi insult in dutch, that actually was expected, and ends it for me...
People act like a gold standard is somehow a cure all, or somehow lends legitimacy and make the money "real." Gold is a mineral dug out of the earth. Nothing less and nothing more. When more gold is dug up, inflation can happen. When less is, deflation happens. Neither is good. An elastic currency is a beautiful thing.
I don't understand this at all. He wrote the most brutal argument against Fiat money in Ayn Rand's "Capitalism". Then he becomes the head of the Fed. Now, he basically says the Fed is an unneeded and dangerous institution.
His actions to destroy the dollar were deliberate, he knew it would happen eventually so he wanted to do it in the most spectacular way possible. It's like your dad teaching you to drive safely by getting piss drunk and running over your mom.
I can understand Greenspan's frustration though, no one gives a fuck about a well written essay, you have to go out there and literally prove the keynesians/monetarists wrong.
what if we allow people to use whatever they want as a form a currency? the congress will set the dollar at x amount of gold/silver/copper ect. but you could use heirloom seeds for currency if you wanted to?
How can Greenspan say this when he is the one who dismantled Glass Steagle and printed more money than any man in history. He implies that the government authorises central banks to create the issuances of debt called dollars to be paid back at a later date with interest requiring higher taxes on the schmucks to service this debt, through the IRS which isn't legally entitled to collect federal taxes. He knows that the Federal Reserve isn't even private, it is a law unto itself. Wake up America.
He doesn't know if Ayn Rand would approve of the Federal Reserve. He is being dishonest. He knows exactly what she thought of it. She doesn't have to explicitly name the "Federal Reserve."
u.s. treasury has no money, is broke, in debt, has no treasure. china treasury has all u.s. dollars and debt. china, japan, and saudi arabia own u.s.a.
"And there are numbers of us, myself included, who STRONGLY believe we did very well in the 1870-1914 period, with an international gold standard."
He fucked up epically as Fed Chairman, but, throughout the majority of his life, Greenspan has sincerely wanted the US back on the Gold standard. This is the "true" Greenspan.
0:54 "[Ayn Rand] probably wouldn't be a fan of the [Fed] would she?"
Greenspan: "Well I don't know because we never discussed that in particular."
This is a lie. She included an article on the gold stand WRITTEN BY GREENSPAN HIMSELF in a book with her name as author! (Capitalism: The Unknown Ideal)
Any reader of Atlas Shrugged would also be aware of Rand's view of money.
Any student of her philosophy should be able to deduce her view on money.
It seems you have missed Greenspan's answer. She really never addressed the Fed itself, just the gold standard. For the majority of the Federal Reserve's existence, money has been hinged on a gold standard. So you see, it is not a lie.
Imagine being a fed banker and printing money. You could bang every hot pornstar for the rest of your life. I want to be a banker when I grow up, hahahahah!!!!!!!!!!!!!!
Please go to this site: (.)wealthmoney(.)org/enough-gold-money-system/
eric5335 3 weeks ago
Ron Paul 2012 or BUST! Restore sound money, lawful money and constitutution money. Back the US Dollar by gold or silver again or GAME OVER FOR AMERICA!
delyparker777 2 months ago
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For all Gold Bugs: Gold based or Fiat money makes no difference! By lending and re-lending out, banks create more money in accounts all the time. The interest they charge, they do NOT create. More debt is created than there is money! When people can't pay their debts, banks go broke just the same and savings in accounts are lost. Please see: /watch?v=7kk6fplyLTI and /watch?v=UG5luKfGjU0
Adriaan1950 2 months ago
Ron Paul or real sh$t will hit the FAN!
Oceanno69 2 months ago
Fuck Alan Greenspan, fuck Ben Bernanke, fuck Goldman Sachs, and fuck the rest of these neo-con clowns. END THE FED.
indiereplicant 3 months ago
Greenspan is like anakin skywalker, used to be on our side, supported the gold standard, fought against the draft, true libertarian.. then somehow went to the dark side, fed chairman statist.. still waiting for him to come back and save the day..
matix09song 3 months ago 2
A sad clown indeed.
dynomike1964 3 months ago
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Alan Greenspan believed in a ideology peddled by Ayn Rand a Russian lady who wrote a book in the 50s called 'Atlas Shrugged' which championed selfishness as a positive means of doing business, and look where that got the world! Greenspan should be sharing a cell with Bernie Madoff!
RonanG 3 months ago
I like that he states how well we did before 1914. The fed was authorized in 1913!
akeen340 4 months ago
Thanks, that is one movie that is defintely on my list.
nomoreserfs 4 months ago
@diilijethro Why respond with nothing to say? My point is, you have no idea just have savage this place will prove to be.
dink65 4 months ago
@diilijethro LOL? Think again.
dink65 4 months ago
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dink65 4 months ago
@diilijethro - ROFLMAO! You are a naive fool.
dink65 4 months ago
How Greenspan has been brainwashed... I read his 1966 essay called gold and economic freedom. How Greenspan has changed his views so dramatically is beyond me. Talk about a 180.
benandreas369 5 months ago
Wow. Crazycommenterssaywhat?
rjcornett89 5 months ago
-What'th, -why isn't this criminal Bank'ster Greenspan in prison for his committing egregious Fraud upon the people of n.America, as an agent of the subversive jewZionist Rothschild/Rockefeller-mobsters which have hyjacked the Treasuries of all major nations. Seems about time our worthless usMilitary stand-up like men and go after these so-called FederalReserve & IRS criminal-agents of the warmongering Rothschild/Rockefeller-regime which is so terribly devastating people everywhere...!!!
AryanKnight 5 months ago
@AryanKnight he's not in prison because the people in charge who put him in charge are still in charge.
brianmenendez 5 months ago 9
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@brianmenendez --okay, so we thus need to go after the people in charge, who put him in charge, that are still in charge...But i don't know that our dumbed-down usMilitary (-not that they were ever very bright, since some 80-Million illegal-alien criminals have easily invaded past our borders in recent years without a shot from one!) can figure out that the bastard jewZionist Bank'ster-mafia that has hyjacked our government, -is indeed the likes of Rothschild.Rockefeller et'al...!!!
AryanKnight 5 months ago
@brianmenendez brilliant (=true+funny). What if he set up the house of cards we live in for a controlled financial demolition? Just a crazy thought of Greenspan as a tool of liberation.
blackswanflea 3 months ago in playlist HMTV 2 - Gold, Silver and Liberty.
@brianmenendez that's Right and the people who put them in charge are still in charge.
fauxmocracy 2 weeks ago
@UBSCARED Correct. As William Jennings Bryan said, "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."
lordhighexecutioner 5 months ago
Did very well between 1870-1914, he said... Much of that was the Long Depression. Out of it came the Populists, William Jennings Bryan who identified the Cross of Gold... Later the Progressives and Theodore Roosevelt trying to tame the excesses of the Gilded Age. That statement he made tells us his bankruptcy. Moreover, this talk of hyperinflation always under fiat currency is not supported by any fact. Hyperinflation always results from extraordinary circumstances.
lordhighexecutioner 5 months ago
@lordhighexecutioner Here are 25 examples of hyperinflation under fiat systems (all fact). sjsu.edu/faculty/watkins/hyper.htm Rather than refute each one, (I suppose you would argue that extraordinary circumstances caused each one) perhaps it would save time if you would just give us one example of a fiat currency that stood the test of time. tia
walktheworld 5 months ago
Ayn Rand wasn't an economist.
Greenspan was against using gold as money while he was fed chairman. Greenspan has never supported a full audit of the federal reserve. Greenspan is an adviser of the Obama administration.
Ron Paul pwns Alan Greenspan.
VotePaineJefferson 6 months ago
There are lots of institutions we would be better without but nonetheless require them if society decides to do that... huh???
TommyWaters 7 months ago
Alan Greenspan supports a central bank, yet now he claims to support many the ideals of Ron Paul! You've got to be kidding me. Alan significantly lowered interest rates, thus removing the tightening of credit Paul Volker had to do. Interest rates are more easily lowered because it hides problems and makes it easier for businesses to borrow. Plus it prevents the national debt's payments from getting too high. These bankers don't care about the US because they won't forgive the US of its debts.
MONOPOLY35 7 months ago
@MONOPOLY35 Volker did what he did to kill inflation by creating unemployment. When inflation was reduced, interest rates could be reduced because interest rates minus inflation equals real interest rates and these would shoot up if interest rates are not lowered when inflation is lowered. By the time Greenspan was in there was very little inflation and interest rates could be kept very low without triggering significant inflation.
lordhighexecutioner 5 months ago
@lordhighexecutioner That's what happens when a small group of men are convinced they are doing "God's work" and "helping the people". Your explaination of Volker and Greenspan are very good! Thank you for explaining it peacefully. In order for our nation to have even the smallest chance of paying our national debt peacefully, we need to end the Federal Reserve!
MONOPOLY35 5 months ago
Matt Taibbi said it best: Alan Greenspan is the biggest asshole in the universe.
frokenstein 7 months ago
Could this asshole be any more disingenuous? His policies and pandering to political pressure caused the crisis!!!!
pretorious700 7 months ago
self proclaimed libertarian spouting the same shit as Ron Paul. lol it was the deregulation of the banks and he knows it.
LouieArrighi 8 months ago
Greenspan is one of the those most responsible for where we are today. His policies from the 80s through to now created a perfect storm. Back in the 90s he was warned specifically that CDSs should be heavily regulated if not banned. This guy is an arse in a suit, maybe he would be better at reading tea leaves.
Cerberus221 9 months ago
Why hasn't this guy been decapitated?
dink65 10 months ago 17
@dink65 Because they own the axes.
XpEAnUTBuTtERsUckSX 7 months ago
@dink65 torture him first, then decapitate him
brianmenendez 5 months ago
@brianmenendez - Actually, I've reconsidered. I would rather have he and all the other SCUMBAG "Elites" controlling this scam system to be DRAWN and QUARTERED!
It's time to bring these methods back. This nonsensical fraud system can't be allowed to continue.........
END THIS INSANITY BY
"ENDING THE INSANE" (their lives).......
dink65 5 months ago
@brianmenendez I take back my previous statement, give these criminal banking cartels a chance to remove themselves peacefully first and walk away, if not, then bring the hammer
brianmenendez 5 months ago
@dink65 That's your solution? You belong in the Middle East where difference of opinions
are resolved with a gun. Ideas are NOT for you!
fntime 3 months ago
@dink65 ay do you play Trumpet
dmz4144hen 3 weeks ago
Nixon was FORCED to get out of the gold standard, because other countries had their currencies pegged to the dollar and free gold market, while the US had a fixed price for gold that was $35 per ounce. Europeans were buying dollars and then buying gold in US and selling in their home countries. That was FREE MONEY for them, so Nixon dumped the gold standard to stop the bleeding of gold from this country. Gold standard will never work.
MrNickdrummer 11 months ago
who cares if it is paper or gold as long as people have faith in it, it has power.
InFromTheVoid 11 months ago
The united states of America is a Republic and don't you forget it you cretinous Knight of Malta you.
anunnaki2006 11 months ago
Alan Greenspan is a Knight of Malta who has been part of the Knights of Malta controlled collapse of the Temple Crown financial system headed by the Universal Postal Union in Berne, Switzerland.
anunnaki2006 11 months ago
If we go back to a gold backed currency, we should buy all that gold which is in their very own hands. Don't you realize we should give them the backed money as we issue it?
balsaret 11 months ago
Gold standard is a fuc..ing trap!!! Don't fall 4 gold!!! They want us to believe it.There are 3 times more people in earth than 110 years ago. There is more or less the same amount of gold.
Gold is the symbol of plutocracies. Most of Earth's gold is in the hands of the few, rich banking elites have bought it all and artificially inflated it's price. Returning to gold standard would be next turn of the screw to a world's domination.What we really need is money printed by real govenments!
balsaret 11 months ago
bullshit!! This is like asking a snake not to bite me.. Get rid of the reserve, and go back to the gold standard.. and inflation will disappear!
Vazquez71 1 year ago
How can giving a nations currency over to a corperation be good. A corperation that has nothing to do with the govt? Simple the politicans then were just as corrupt and ignorant as they are today
anthonyww713 1 year ago
@silvercelli Articles.Even in the newspapers.
evadidio 1 year ago
@FenrirLupus Or maybe firts he needs to suppress GS to steal the gold of the people ( as they did ). And now that they are the only owners of this gold, they want to secure their position maybe in fixing the highest historical value of an ounce, so they will remain the manipulators of the richness and the people can' t buy it.
evadidio 1 year ago
@silvercelli FT Knox is already empty. Check about the tungsten in FT Knox in yt. But the elites have no SIlver: so BUY SILVER!
evadidio 1 year ago
GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.
evadidio 1 year ago
That period in U.S. history he's talking about coincided with the progressive reform movement, which began with the uprising of farmers and ranchers against predatory banks.
TheForwardGaze 1 year ago
@TheForwardGaze you talk about the Silver Movement?
evadidio 1 year ago
AYN RAND WAS AGAINST CENTRAL BANKING! HE IS A SELLOUT TO THE ELITE!
LordoftheKaty 1 year ago
THE GAO NEEDS TO AUDIT THE FEDERAL RESERVE!!!!
VIKING33NY 1 year ago
The gold standard is WHY the world had chosen to use the dollar
RainbowLogic 1 year ago
@RainbowLogic Lol @ US dollar
trulynot 1 year ago
@RainbowLogic GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.
evadidio 1 year ago
@evadidio He is talking about money creation based on Gold. Currently money is created at will and results in inflation. By pegging money creation to Gold the creation of money is held in check. If the government wants to increase the money supply (i.e. devalue our dollars) they must then attain Gold to do so - which means they have to exchange fair value for it. It keeps governments balanced and doesn't allow them to endlessly spend or create fiat currency which robs us through inflation
MrMaveri 1 year ago
@MrMaveri Of course, he was one to vote for the suppression of GS. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buil a house, and they remain in souvereignity.First they suppressed GS to steal gold; now the want it again to enslave you.
evadidio 1 year ago
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@MrMaveri Of course, he was the first to vote for the suppression of GS in 1971. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buy a house, and they remain in souvereignity.First they suppressed GS to steal gold; now the want it again to enslave you.
evadidio 1 year ago
@MrMaveri Of course, he was the first to vote for the suppression of GS in 1971. But ask yourself why now he wants again the GS: the banks have confiscate all the gold, so they are the only owners of it, as in Middle Age the old feudal lords. If they decide an ounce of gold is worth like a house, and you haven't enough money to cover the value, then you don' t buy a house, and they remain in souvereignity.First they suppressed GS to steal gold; now they want it again to enslave you.
evadidio 1 year ago
democratic my dick
heightboosting 1 year ago
ya and he evaded almost suggesting rand wanted fed reserve. NO WAY DID SHE hes an idiot.
Bigturns33 1 year ago
here youtube.com/watch?v=m6b4qX_qm40&feature=related
Adelaidemark 1 year ago
Alan Greenspan is truey one of the world's biggest idiots, he could not see that greed is foremost in this world... never let a person like this make any important decisions and where are the idiots who put him there?
Adelaidemark 1 year ago
@Adelaidemark - He's not stupid at all. He did exactly what the "idiots" that put him there made him do and they all got obscenely rich and powerful. Now they are overseeing a controlled global economic collapse and benefiting from that as well. Meanwhile, the bulk of society suffers and worries if they'll have a roof over their head and food on their table in the future. THIS IS A FAILED SYSTEM! WAKE UP!
dink65 1 year ago
@dink65 FAILED SYSTEM give me a break. no one needed to wake up to this, (well exept for him) if you give money you don't have, to people who can not aford to repay the loan. ITS GOING TO FAIL>>>> stupid
Adelaidemark 1 year ago
@Adelaidemark - I understand. It was done on purpose. It was designed to fail. That's what you seem(?) to be missing about this. I can tell you are intelligent though......
dink65 1 year ago
Central Bank, Central Government, Central World Organization = Federal States of America, WTO, and UN. only way to save our nation is to repeal the laws that bind us to these negative bodies. get out of IMF, WB, UN, WTO, save our own nation first.
Rico8458 1 year ago
Gold standard idea is bad. It does not allow for unlimited growth and any commodity can be manipulated by a small group of people. There is only one solution. Write down the federal debt and balance that by also writing down consumer debt by the same proportion as well as removing money from the system in proportion. Those with no debt, will benefit by seeing a appreciation in their savings as the dollar goes up.
tsafa1 1 year ago
@tsafa1 Unlimited growth is a myth in any closed system. Even in the largest economy in the world, you are still in a closed system.
Joe11Blue 1 year ago
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the day the american white man, white anglo-saxon protestant white americans let this nation fall down, turn their backs on their own nation, and dont put gold and silver back in their money, then we are all doomed to destruction. every other foreign born hispanic mexican, african, asian ,immigrants hindus, all standing by to take over this country.
Rico8458 1 year ago
If he's good enough to gain high praise from Milton Friedman, he's good enough for me.
jjxj.com.cn/articles/10413.html
netster007z 1 year ago
Does anyone have any respect for this man anymore?
bonfirejovi 1 year ago
@bonfirejovi
who wouldnt respect such a genious?
i respect him but it dosnt mean i like him.
andersonlance12 1 year ago
AHHH FOX NEWS. You need the central bank because American Government has become nothing but a military presence that murders and subdues the worldwide population so that independant global companies can maintain a monopoly over the worlds resources. Wake up America ! you don't have a government. You don't have any kind of viable economy of your own. No body wants to face up to it because they are so terrified and afraid of being conquered.
sheridanhow 1 year ago
the fed reserve prints money too you moron!
greenhorns99 1 year ago
Wow even Greenspan, who is to blame for the financial collapse, is now paying lip service to the hold standard.
bonfirejovi 1 year ago
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Free energy technology (UFO Discloser) will soon be released to the public, among other free energy devices, by our government. But there is a catch! It will be in conjunction with the RF chip (666) so that our financial institutions can maintain control. Before the dollar value was based on gold, now oil and next the RF chip accountability. CAUTION! If you decide not to go with this new earth saving technology, many will see you as a prehistoric rogue. But I see it as the mark of the beast.
JohnAltenburg 1 year ago
well would I like to be a fly on the wall at a Fed board meeting! lol
wachman 1 year ago
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Sorry if this has been commented on earlier but, "The Federal Reserve Bank" is a PRIVATE BANK!!!
It's the black hole of money in the U.S. It's the main reason why the $ will hit the bottom soon.
Private owners of this bank are cashing in your hard earned money every day through the FEDERAL INCOME TAX.
SINK THE FED!!!
LaggyArmA2addict 1 year ago
This has been flagged as spam show
Sorry if this has been commented on earlier but, "The Federal Reserve Bank" is a PRIVATE BANK!!! PERIOD.
It's the black hole of money in the U.S. It's the main reason why the $ will hit the bottom soon.
Private owners of this bank are cashing in your hard earned money every day through the FEDERAL INCOME TAX.
SINK THE FED!!!
LaggyArmA2addict 1 year ago
This has been flagged as spam show
Sorry if this has been commented on earlier but, "The Federal Reserve Bank" is a PRIVATE BANK!!!
It's the black hole of money in the U.S. It's the main reason why the US$ will hit the bottom soon.
Private owners of this bank are cashing in your hard earned money every day through the FEDERAL INCOME TAX.
SINK THE FED!!!
LaggyArmA2addict 1 year ago
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LaggyArmA2addict 1 year ago
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LaggyArmA2addict 1 year ago
ayn rand would have nothing to do with the fed. And he knows it.
chaserehn 1 year ago
@chaserehn Why
ColdCypher 1 year ago
I find it interesting that Greenspan is open to the gold standard and the erradication of a central bank when he was instrumental in destroying our currency and economy. Is this some sick joke Alan?
nomoreserfs 1 year ago 11
@nomoreserfs He did everything he could (in fact was instrumental) to help the gold standard and the eradication of a central bank. He may one day be a hero to us.
blackswanflea 7 months ago
@blackswanflea A hero to those who enjoy being crucified on a cross of gold.
lordhighexecutioner 5 months ago
@nomoreserfs please see francisco d'anconia
pheonixsampson 4 months ago
I think Alan Greenspan is an alien. His behavior doesn't correspond to that of a normal human being.
stater68 1 year ago
@stater68 yeah, and he looks like one, too
coturnix19 1 year ago
A gold standard would lead to deflation. No one denies that. Supporters even say that deflation is a good thing. They are foolish. Deflation transfers wealth from the business and entrepreneurial class to the investing class. When businesses see their goods declining in value, they liquidate them and cease production, as everyone moves into cash. This means unemployment. Deflation also causes wages to drop, because each dollar buys more labor. Think about it.
hoodoo961 2 years ago
Actually, deflation from the gold standard would do the exact opposite in the long run. The investing class benefits from inflation because they borrow capital cheaply and are closest to the sources of money creation, which means more undiluted money value. Deflation to a stable currency would benefit those who save, which includes most Americans. Businesses and entrepreneurs would actually be helped by stable business environments and tighter credit, which would encourage prudent investments.
WingsofDedalus 1 year ago
Nope. See my previous comment. Also, I recommend reading A Tract on Monetary Reform by John Maynard Keynes. Inflation reduces the value of investments and lessens the real interest rate. And tight create is not good for businesses.
hoodoo961 1 year ago
Keynes is only one school of thought. Taking the situation nowadays into account, real interest rates are zero or even negative. Inflation is simply outpacing interest rates when they are set at or close to zero. This is why nobody is buying 30 year treasuries. This highly discourages savings. Savings is necessary for capital formation. Government supplied credit is no substitute for private savings. This leads to further national debt and devaluation of our currency, impoverishing our nation.
WingsofDedalus 1 year ago
The deflation would be temporary. A good gold standard would also force a fiscal responsible government. If you got rid of fractional reserve banking, created a solid gold standard, and drastically reduced the size of government, we would have the most stable conditions a society has ever seen. Stable value of currency, no expansion of credit due to a 1:1 lending ratio, and less taxes!! Be nice wouldn't it?
jcav3232 1 year ago
Yes, a gold standard and lower taxes would have some benefits, but you need to consider the other side. Without fractional reserve banking, the amount of credit would decline drastically, to about 1/10 of current credit. That would be bad. And "fiscal responsibility" is just as likely to mean higher taxes as less spending (or both, which would depress the economy). Almost all taxes go to the military and entitlements, which you need to factor in.
hoodoo961 1 year ago
Credit needs to decline drasitcally. We would have a severe recession in the short run, but a much better savings rate and more stable economic cycle in the long run. With less credit, the housing bubble nor the Nasdaq bubble would have happened. Higher taxes would be much better than inflating and borrowing. Wars and military occupation would be much more scrutinized which isn't bad. The entitlement spending would also be way more scrutinized.
jcav3232 1 year ago
Before you said it would result in lower taxes. An inconstancy, and not an argument hard money guys ever make, that higher taxes would be okay. Obviously, spending on things like war needs to be highly scrutinized. But I am not convinced that a hard money system would not result in more unemployment and a permanent quasi-slump.
hoodoo961 1 year ago
It would result in lower taxes because it is not popular to jack up taxes to astronomical percentages. The real cost of the gov. is not what it taxes, but what is spends. Borrowing only delays and exacerbates the problem by allowing it to continue. Inflating is simply an informal tax by reducing the amount money is worth.
jcav3232 1 year ago
If we abruptly changed to a hard money system, you would be initially right in that we would have high unemployment. BUT, in the long run, with a sound form of money (doesn't have to gold) and market interest rates, I don't believe we would find ourselves in this predicament. The country's resources would be efficiently allocated in that interest rates would reflect real savings of a stable currency, not the funds rate from the fed of a fiat currency.
jcav3232 1 year ago
And you may be right, in the long run. Its a topic worthy of debate and investigation. One book I can recommend on the subject ( though you may disagree) is A Tract on Monetary Reform by JM Keynes. Even if you don't like him, its a good read, and its good to consider other views.
hoodoo961 1 year ago
I was thinking about reading a Keynes book. Just didn't know which one. One book I have read is called Economics in One Lesson by Henry Hazzlit. It's a great book for the sound money argument.
jcav3232 1 year ago
@jcav3232
search youtube for Hayek instead. Keynes is an idot.
Thetruthishere11 1 year ago
But look down in your previous comment, you said, and I quote, "Higher taxes would be much better than inflating and borrowing." This implies that you are saying hard money might lead to higher rates of taxation. And yes, I do understand government accounts, how taxing, spending, and borrowing works.
hoodoo961 1 year ago
My argument is that deficits are high right now because we can inflate and borrow. My defending statement is if the gov. were required to pay for itself, it would not spend so irresponsibly in the first place. What if the gov. actually had to pay for what it spends this year? Don't know about you, but I'd grab a one-way ticket to New Zealand!! (Not that they're way better). Its my belief however that with the current system, its just to easy to spend. Its a debate for the ages though!
jcav3232 1 year ago
@hoodoo961 "Deflation transfers wealth from the business and entrepreneurial class to the investing class. "
Deflation rewards savers, and it punishes people who loan money out on credit and people who borrow on credit - i.e. risk takers, and the willingly self impoverished.
People who save money and act prudently are the absolute BACKBONE of any nation. Without them, you won't have a nation, and purposeful inflation aims to kill every one of them.
fuzzywzhe 1 year ago
@fuzzywzhe Do you not realize that savers and those extending credit are the exact same people? When you deposit money in your bank, you are making a loan to the bank, that in turn loans the money out to someone else- in effect, you are loaning your savings out to whoever borrows from your bank. Credit and debt are the flip sides of the same coin. And where do you think the economy would be if no one borrowed money to make investments in new firms and capital projects?
hoodoo961 1 year ago
@hoodoo961 "Do you not realize that savers and those extending credit are the exact same people?"
Because they AREN'T the same people in a fiat, fractional reserve system.
The biggest lender today, is the biggest borrower today - the government.
fuzzywzhe 1 year ago
@fuzzywzhe Look, in order for resources to be made available for borrowing and investment, they must be deferred from consumption or saved. Those doing the deferring in effect extend those resources to those doing the investing. And yes, today banks and other institutions act as intermediaries in this process. But you present saving/credit is good and investment/borrowing as evil, when they actually imply one another: you can't have one and not the other.
hoodoo961 1 year ago
@hoodoo961 Look. I don't think you understand wealth.
Wealth is directly linked to production. When have a ton of money, the only way to keep it is invest it. In a CAPITALIST system, good investment is developing things that people need to society. Bad investment is developing things nobody wants.
Banks don't know fuck about investing intelligently, which is why we're in this mess, of over-priced homes, and under priced commodities. The banks will soon make commodities just like homes...
fuzzywzhe 1 year ago
@fuzzywzhe I understand very well, thank you very much, and it seems to me that you don't understand basic accounting identities that imply that savings=investment and credit=debt, or the concept of a balance sheet in general. If I may recommend a book on the subject, "The Nature of Capital and Income" by Irving Fisher is excellent.
hoodoo961 1 year ago
@hoodoo961 "you don't understand basic accounting identities that imply that savings=investment and credit=debt,"
BECAUSE it does not.
Not in a fractional reserve system.
You can insult me all you like, but at the end of the day, I understand, and you don't. All fractional reserve systems fail. You might see the fractional reserve system on the commodities exchange system collapse soon in fact.
fuzzywzhe 1 year ago
@fuzzywzhe No.
hoodoo961 1 year ago
Ayn rand would have kicked him in the nuts again after these statment's! And Greenspan(Wesley Mouch) know's it!
szol2005 2 years ago
@szol2005
Ayn Rand was a douche... She actually used some Marxist thought to try to disprove Marxism, but she failed miserably.
Ayn Rand should have looked up some elementary evolutionary theory... and not to bring up the "altruism is bad" argument... because "altruism" is an evolutionary product of living in groups / tribes...
E.g: dogs are altruistic, while cats are not...
Ayn Rand wanted us to act as something we are not.
MazdakTV 2 years ago
@MazdakTV
Well, what a wast of time and server space... Ayn Rand used Marxist thought... wahahahhahah..... Do you have a medical condition we should know about, or did someone drop u after birth?
szol2005 2 years ago
@szol2005
Yes... It is called Dialectical Materialism... which reeks of every little thought Ayn Rand had...
Except, she turned Marxism up-side-down, completely ruining the materialism part and adding a crap-load of idealism & romanticism...
Bertrand Russell & Einstein would have kicked her ass...
MazdakTV 2 years ago
@MazdakTV
Wahaha, I'm sorry man that I can't take you seriously. First you claim she used Marxist thought and now she turned it upside down, what's next, she loved lenin... Do you even get the point's she's making(rhetorical question).Make up you're mind before you start trolling. You're all over the place, and seem to be on you're high horse, so good luck to you with that.
szol2005 2 years ago
@szol2005
Ayn Rand used Dialectical Materialism which is the cornerstone of Marxism...
Meaning: the method of analysis, can be directly traced to Marxism, and it should be of no surprise since she grew up in a wealthy family in Russia when the revolution broke out... So she framed the direct opposite of Marxism...
MazdakTV 2 years ago
@szol2005
It is interesting that you don't get how "using marxist thought" doesn't mean you agree with them...
Ayn Rand *used* the framework of thought of Marxism / Dialectical Materialism, turned it upside-down... and then added a bunch of idealism and hero-worship (ala the-american-dream).
This was my standpoint from the beginning, was it so hard to understand?
MazdakTV 2 years ago
@MazdakTV
Oh, I get that just fine, don't worry about me sleeping the American dream.. And like I said, I have my points of remark about Ayn, but it's blatantly obvious, you you're self argue like an Objectivity. And to go so far as to say she wasn't a philosopher is saying Plato wasn't worthy of that title. Blind to see what makes her worthy of the title is in fact preventing you to see the brilliance in her work. This actually is the same thing that make u think Sweden is free....
szol2005 2 years ago
@MazdakTV
For the record, I'm not even a Ayn Rand fan, but would like to have a sensible conversation about anything, but you're just waisting good time, in with one can read the books, one likes, or dislikes...
szol2005 2 years ago
@szol2005
It is not possible to argue with Objectivists about anything, as they are as dead-certain about their positions as religious people.
To call Ayn Rand a philosopher, is giant disservice of the subject and those who profess in it.
MazdakTV 2 years ago
I think miss Rand would be quite displeased with him for calling America a democracy and his endorsing of compromise.
WetWorkHK 2 years ago
A traitor to freedom!
truevoice08 2 years ago
I wonder if Greenspan destroyed the dollar in the way he did to prove a point that fiat currency is an unsustainable concept. Sort of a Machiavellian take on his tenure, but if you read his pre-Fed essays, and watch this video, it's pretty clear that his views on a gold standard have not shifted, despite the policies during his reign.
JMShuffield 2 years ago
He's Francisco D'anconia
dc1026 2 years ago
@dc1026 AYN RAND. In Greenspan's earlier essays he was very pro-constitutionalist and pro- gold standard and he is wrong in this interview by saying that America is a democracy or that Americans live in a democracy. The USA is a CONSTITUTIONAL REPUBLIC.
MiddletownDreamz 2 years ago
@MiddletownDreamz
Yes, and constitutional republics are fucking stupid...
USA is not a democracy, you're right... and in USA, the people don't get a say.
See how constitutional republics turn out...
MazdakTV 2 years ago
@MazdakTV If constitutional Republics are stupid then you would not even have the right to express your views in any other political system unless it conforms with the ideology of the regime in which you live. What is in the USA now is treason in government and a drifting away from constitutional republicanism due in large part to the complacency and ignorance of the American sheople, but that is starting to change
MiddletownDreamz 2 years ago
A constitutional republic of the kind in USA protects the minority elite (the capitalists & aristocrats) from the bewildered herd (the workers / the proletariat)...
Democracy, when fully realized, provides a system where freedom-of-expression & welfare can be realized...
Direct democratic societies have not been fully realized yet, but they will.
Why does USA-style republics produce more "liberty" and freedom-of-expression?
MazdakTV 2 years ago
One of the most secure & free societies today is Sweden... Sweden has always had a move towards the left, and has been influenced by Soviet...
MazdakTV 2 years ago
@MazdakTV
News speak alert...! Being free is, not having the power to control you're own, accept for passing the blank check to government of course, this is you're duty...
Hahahaha, Sweden free, free of what,... Not bureaucrat's that's for sure..
szol2005 2 years ago
@szol2005
Your liberty, always comes at the cost of someone else... Your economic liberty to be able to spend money as your wish, comes at the expense of someone else... This is economics 101...
Liberty, is first and foremost, economic security and safety. Liberty is not having to worry about health-care...
To quote Rosa Luxembourg about freedom-of-speech: "Freedom is always the freedom of dissenters".
It is you who produce new-speak...
MazdakTV 2 years ago
@szol2005
Sweden is very free of bureaucrats... And if they exist, they were introduced and sustained by the right-wing...
And finally... Je bent de reden dat mensen zelfmoord plegen...
MazdakTV 2 years ago
@MazdakTV
And again, you're all over the place, Sweden left, more soviet, free, now it's even free of bureaucrat's, but if there there..OMFG? All over the place.... Heaven help me.....
And what a nice ending there thronging a semi insult in dutch, that actually was expected, and ends it for me...
szol2005 2 years ago
People act like a gold standard is somehow a cure all, or somehow lends legitimacy and make the money "real." Gold is a mineral dug out of the earth. Nothing less and nothing more. When more gold is dug up, inflation can happen. When less is, deflation happens. Neither is good. An elastic currency is a beautiful thing.
hoodoo961 2 years ago
@hoodoo961 then invest all your wealth and assets in paper. You will be glad that you did. LOL
MiddletownDreamz 2 years ago
Never a good idea to put all of your wealth in one place. Diversity is key.
hoodoo961 2 years ago
@hoodoo961 Good. Then you invest your wealth in paper and I will invest in gold and silver and we will see who will stand firm in the end
MiddletownDreamz 2 years ago 11
@MiddletownDreamz why don't you invest in energy
SeeProfileForDetails 1 year ago
@SeeProfileForDetails You mean stock energy? Specifically?
MiddletownDreamz 1 year ago
@MiddletownDreamz Well, could be stocks, or anything that supports energy endeavors, like investing in solar/wind/nuclear safety whatever
SeeProfileForDetails 1 year ago
I hate Greenspan, he let all this shit happen
xarold 2 years ago
HE IS IDIOT !!!!
ThePinochet00 2 years ago
He thought he could print fiat money forever and get away with that !!
He is a idiot !!
US economy is toast ...for the next 10 years ..mark my words !!
renegado100 2 years ago
I don't understand this at all. He wrote the most brutal argument against Fiat money in Ayn Rand's "Capitalism". Then he becomes the head of the Fed. Now, he basically says the Fed is an unneeded and dangerous institution.
FVK209XP 2 years ago 2
His actions to destroy the dollar were deliberate, he knew it would happen eventually so he wanted to do it in the most spectacular way possible. It's like your dad teaching you to drive safely by getting piss drunk and running over your mom.
I can understand Greenspan's frustration though, no one gives a fuck about a well written essay, you have to go out there and literally prove the keynesians/monetarists wrong.
pierrerochard 2 years ago 24
Hilarious.
hoodoo961 2 years ago
He sold out. What's so hard to understand? He joined the dark side, lol.
SurviveWorldWarIII 2 years ago
what if we allow people to use whatever they want as a form a currency? the congress will set the dollar at x amount of gold/silver/copper ect. but you could use heirloom seeds for currency if you wanted to?
mizzoulibertarian 2 years ago
How can Greenspan say this when he is the one who dismantled Glass Steagle and printed more money than any man in history. He implies that the government authorises central banks to create the issuances of debt called dollars to be paid back at a later date with interest requiring higher taxes on the schmucks to service this debt, through the IRS which isn't legally entitled to collect federal taxes. He knows that the Federal Reserve isn't even private, it is a law unto itself. Wake up America.
baconified 2 years ago
He doesn't know if Ayn Rand would approve of the Federal Reserve. He is being dishonest. He knows exactly what she thought of it. She doesn't have to explicitly name the "Federal Reserve."
cunamarra 2 years ago 3
Anyone know the date of this interview?
asierra1492 2 years ago
bill gates number one traitor.
Rico8458 2 years ago
u.s. treasury has no money, is broke, in debt, has no treasure. china treasury has all u.s. dollars and debt. china, japan, and saudi arabia own u.s.a.
Rico8458 2 years ago
we dont need it. if you want to take over then you need it. lol
Rico8458 2 years ago
Also note that during 1870-1913 there was no central bank. So he was talking about an international gold standard without a central bank.
asierra1492 2 years ago
I do think we should go back to the salt standard of the stone age. Times were much better then.....
rock3tcat 2 years ago
"And there are numbers of us, myself included, who STRONGLY believe we did very well in the 1870-1914 period, with an international gold standard."
He fucked up epically as Fed Chairman, but, throughout the majority of his life, Greenspan has sincerely wanted the US back on the Gold standard. This is the "true" Greenspan.
jwilson770 2 years ago 3
the fed authorizes the gov to do things
scary
melomalomix 2 years ago
illuminati whore
Xeretza 2 years ago
0:54 "[Ayn Rand] probably wouldn't be a fan of the [Fed] would she?"
Greenspan: "Well I don't know because we never discussed that in particular."
This is a lie. She included an article on the gold stand WRITTEN BY GREENSPAN HIMSELF in a book with her name as author! (Capitalism: The Unknown Ideal)
Any reader of Atlas Shrugged would also be aware of Rand's view of money.
Any student of her philosophy should be able to deduce her view on money.
senselessbattery 2 years ago 3
It seems you have missed Greenspan's answer. She really never addressed the Fed itself, just the gold standard. For the majority of the Federal Reserve's existence, money has been hinged on a gold standard. So you see, it is not a lie.
Minskyan 2 years ago
Ayn Rand didn't believe in democracy. Greenspan is a fraud.
taylnstorm 2 years ago 2
Imagine being a fed banker and printing money. You could bang every hot pornstar for the rest of your life. I want to be a banker when I grow up, hahahahah!!!!!!!!!!!!!!
30percentplusreturns 2 years ago 3
nice..! agreed!
TWN321 2 years ago 2
If what Greenspan said is not incredibly bullish for precious metals - although I think silver will do much better than gold - I don't know what is.
Tasadaru 2 years ago