The Real Culprit Behind the Housing Bubble :: moMoneyTV.com

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold." You'll be shocked to learn that it was actually Alan Greenspan who authored these words, before he became Chairman of the private Federal Reserve Bank. What are the implications of his actions, contrary to his initial beliefs, into the future? We are only beginning to find out...

And now even Jim Cramer is promoting Ron Paul's stance on the Fed on Mad Money - check out the video clip in our faves!

Notes/Links/Transcript: http://www.vlogolution.com/vlog/moMONEY/20071003.html

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#95 - Most Discussed (Today) - News & Politics

Category:

News & Politics

Tags:

• gold
• inflation
• federal
• reserve
• credit
• real-estate
• bubble
• alan
• greenspan
• ben
• bernanke
• ayn
• rand
• cramer
• ron
• paul
• don
• trump

[JiveDadson]

You didn't sell me on fractional reserve banking, gold standard or not. We can agree however that central banking is EVIL.

[vlogolution]

remember Jive, those words weren't mine, but Alan Greenspan's!! but when you say you're not sold on fractional reserve banking, what part aren't you sold on? how great it is or how potentially damaging it is?

[dumbasstheredneck]

seriously what happened to the funny vids not the stupid educational ones

[vlogolution]

don't worry we have another hump it or dump it in the works too, you know, for vegging out... lol

[sirbadman]

Banks should not take part in fractional reserve banking. IT should be 1:1 ratio. Fractional reserve banking causes inflation and deflation.

[marxbitesall]

Inflation: the apparent rise in prices that the more dollars put into circulation devaluse themselves and all others.

Prices DO NOT rise - dollars just purchase less the more of them there are.

That's it. It's so simple. But media, govt & academe have been lying about it since 1913.

[MaverickCentricity]

the best informational video on economics i've seen in the longest time. definitely going to share this video.

[marxbitesall]

Greenspam sold out his libertarian beliefs in free markets and metals backed currencies when the Govt grabbed him to keep his ass quiet.

Riches and notoriety ate up his conscience, he became a govt prostitute like ALL the rest are to big business & finance.

Read "Wall Street, Banks & American Foreign Policy" at mises dot org, or at Lew Rockwell too.

Ron Paul 2008!!

[PandoraLeigh]

On the graph "How low can the bust go?" I have 2 questions. 1) What do the dollar values on the Y axis represent. 2) Why is there a 2011 deadline for the "coming bust".

Thanks for posting Mo' Money!

[zarxo]

Is it a coincidence that Greenspan left his job just before the burst? Greenspan is very intlligent, he saw it coming. I don't know how much he had to do with it, but I'm sure his hands aren't clean. Greenspan is an original Ayn Rand follower.

[sezz420]

cool i learned something

[chewbaca1989]

good video

[jakob0815]

Nice picture.

[slobomotion]

Bad narration and music but very, very good message. I used to be with the Fed, by the way.