The Culprit Behind the Housing Bubble - abridged version

"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...

This abridged version contains only my synopsis, and does not include Alan Greenspan's article on "Gold and Economic Freedom". It does, however add an extra bit about 2007's top performing Stock Market in Zimbabwe! It's up over 12,000% in 12 months! Of course, the country's consumer price index was rising (i.e., the purchasing power of currency declining), was also rising at a rate of 1,729% a year. So how much are all those Zimbabwees worth anyway, even in dollars?

Notes/Links/Transcript: http://www.vlogolution.com/vlog/moMONEY/20071006.html

Category:

News & Politics

Tags:

• gold
• inflation
• federal
• reserve
• credit
• real-estate
• bubble
• alan
• greenspan
• ben
• bernanke
• donald
• trump
• zimbabwe
• stock
• market

[vlogolution]

to Kenwood and soullfire: The last vid I believe may have overwhelmed a few people, and was also a bit long (no argument from me there)! I just wanted to get it all out in one shot and figured I'd just deal with a few complaints. That's why I broke this part off to let people possibly absorb the shorter version (for those who may be interested). - thanks to all for the kind support!

[Knowwon249]

This makes no sence. I unsubscribed.

[vlogolution]

neither does your spelling knowwon

[Raftiinstitute]

Brilliant!

[packrat76]

Just because it's way over your head, doesn't necessarily make it bad.

[LastCupOSorrow]

Where is the long version? MORE INPUT....

[killerdan56]

XD haha green span is evil!!

[JP5466]

Great points. Greenspan caused this whole mess. Short all you can!

[Y7NS4fvs]

My view on this video is still the same it is so bad it's not funny, but you oviously think that this is your best work. But it's not.

[jaurena47]

In the year 1982 ,the interest rate was over 20%,

in 2008 people can't afford houses at 6%??

[bornbillsmith]

Invest in third world nations.

You will either lose it all or you will make a mint.

[Shadealorian]

Informative. I just hope banks stop delivering sub-par loans to people that live beyond their means. It scares me that educated people in banks are greedier/stupider than me, a 18 year old with the most basic knowledge of economy.

[SILVER0BUG]

Absolutely correct on all points. Stick with the economics. We need to teach the American public what their public education will never reveal..

[whonanny]

This was the worst video I've looked at, in a long time. I can't beleive how bad it was.