Ex FED Chair Greenspan says Central Banks not in control

In a Meet the Press interview, Greenspan explains the housing boom is occuring in 24 countries, and while world-wide, Central Banks tried to control mortgage rates they have failed.

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News & Politics

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• spontaneous
• order
• markets
• interest
• rates
• Allen
• Greenspan
• FED
• Federal
• Reserve

[ForTehNguyen]

isnt it funny when we didnt have anywhere near the amount and severity of booms, busts, and inflation when we were on a 100% gold standard?

[RBoon]

As you seem to know, ForTehNguyen, there is a DIRECT correlation between fiat paper money and unstable economy.

And a gold standard and stable economy.

Now all we have to do is convvince the rest of the world - - -

[jobedied]

Two dozen nations have swallowed the Milton Friedman ,Allen Greenspan poo poo and now will enslave future generations to bail out the housing contractors and bankers. Just to start the same lending stealing cycle all over again on the very people and their children who bailed the bankers out. Something is very smelly it is called legalized stealing. A common citizen would go to jail for such pyramid schemes.

[letsgoforajoyride]

@DarthKazi the irs is the extortionists for the government within our government, i am sad to see all of your heads on so loose

[letsgoforajoyride]

@jobedied and btw greenspan is a shithead fuck that milton talks about those type of evil people getting their hands on the wrong thing. milton friedman wasnt a fed was he..? no.. so shut your stupid dittohead mouth holy shit u sound stupid. friedman even has a video that says Abolish the fed.. why dont u just shut your fucking mouth you offended me with your great stupidity. milton is awesome and belives in true non corrupted bailout bullshit you are trying to pin him too.. idiot.

[letsgoforajoyride]

@jobedied fuck off communist... milton friedman has nothing to do with the corrupt ceo.s his words are wisdom.. you just dont like working do you?

[letsgoforajoyride]

@JewX0 well we shouldnt be.. we are cheating

[entro666]

There are far too many variables to draw a direct correlation, but there are certainly advantages and disadvantages to be drawn for both methods.

[accursedheretic]

We are fucked. People get dumber and dumber every day. I fuckin see it right before my eyes. How can we explain anything to these idiots nowadays? Education is horrible. The plan is workin fuckin great from what I can see. And these are the people we are depending on to join us? Fuck we can't even get any numbers to stand up against the bankers. These blinded sheople would rather fight against us rather than for us. Blind patriotism is a bitch. Fuck how I hate the Jesuits & the Catholic Church!

[SoLoLaamer]

Well a super power can be a super power without interfering with other nations.

As of the past 40-60 years it seems a bit like we are Interfering when we don't need to .

Just because your a powerful country doesn't mean you need to sling your weight around at some one Else's problem. Secondly im tired of my country using the money i pay in taxes to BRIBE other countries, and then call it charity. That ticks me off, also whatever is sent overseas should be spent right fucking here.

[DarthKazi]

Bleh. Central Banks of nations are invested in other banks of other nations. The point of central banks, anymore, is the ability to trade with other banks abroad. The Treasury in and of itself is not set up to be a bank. But the Fed COULD be reduced to an underling of the Treasury (like the mint or the IRS) which only has a function (trade with other central banks for liquidity), rather than absolute power of the money supply.