Alan Greenspan interviewed on Democracy Now 1

Naomi Klein and Amy Goodman grill the former FED chairman, this is unprecedented (ie Greenspan having to answer real questions from people who know what to ask), very funny at times:

AMY GOODMAN: "Well, they are talking about, in one day, for example, the East Rutherford operation center of the Federal Reserve Bank of New York, 100 Orchard Street in East Rutherford, a tractor-trailer truck pulling up, and though accustomed to receiving and shipping large quantities of cash, the vault had never before processed a single order of this magnitude: $2.4 billion in $100 bills. But ultimately, again, $9 billion of $12 billion gone missing in Iraq."

ALAN GREENSPAN: "I am not familiar with any such evidence. And it was certainly not brought to my attention. I, frankly, find it very unlikely that those orders of magnitude were involved in any of the numbers that we were dealing with."

NAOMI KLEIN: "Well, I would just add that it's quite surprising, actually, that Mr. Greenspan is unaware of this scandal around Iraq's missing billions, because Paul Bremer had to testify before Congress and was asked directly about those missing billions. It's been the subject of very high-level investigations."

The biggest bank heist in history: the money spigot ran between the vaults of the NY FED and the Green Zone and from there to the Bahamas. I think the American people should demand criminal investigation into this. I can't believe the head of the FED did not know about these shipments how come he didn't follow the money as required by current accounting laws?!

Category:

News & Politics

Tags:

• Alan
• Greenspan
• Amy
• Goodman
• Naomi
• Klein
• iraq
• missing
• billions
• FED
• libertarian
• republican

[bonfirejovi]

Klein is an economic illiterate.

[madashelldude]

@bonfirejovi Because she pointed out that $12 billion Iraqi helicopter money has gone missing from the FED vaults and the head of that bank was unaware?! I think it's time you cons pull your heads out of your collective asses.

[allwecaretopay]

haha she is like lisa simpson

[madashelldude]

you got it Jr. that's what economics is: cartoon science.

[CaptainoIndustry]

I think this Naomi Klein needs to relax. I would mentioned a certain prescription of what I believe she needs but this is generally a family space. What does she care whether the US is "stealing" Iraqi oil or not? Doesn't she realize that American imperialism contributes to her way of life?She's kind of cute,doesn't she have anything better to do with her time than to try to think about subjects at which she knows absolutely nothing about? Hey Naomi, take it easy, everythings going to be OK :)

[madashelldude]

Keeping a 100 year old oil industry on artificial taxpayer sponsored lifesupport and willing to kill innocent people for it has nothing to do with capitalism, or our way of life: it's corporate welfare and a way to keep alternative energy off the market by skewing the marketplace in favor of the Texas boys.

[sullenboy1o3o]

Actually preventive war is illegal according to international law. What greenspan descibes is legal thoe. If a fighter jet is coming your way with clear intent to attack, then obviously any country has to right to shoot that jet down and declare war.

But iraqi jets were not headed to the us. If they were iraq would have been destroyed in a 1/2 hour.

Wat is illegal is an imagined threat and attacking on that basis. This is all in intentional law.

[MomSaysImCool]

@madashelldude I don't think she's economically illiterate, but I would say that her serious ideological blindfolds make her suspect that their are conspiracies just beyond her peripheral.

[offenwrong]

How in the He!! is the Fed supposed to make everyone happy....tough job in my opinion.......I think whats happening should have happened a long time ago.....globalize this planet and have REAL equality, after that there is nothing left to fight about

[ludeluver]

States thought Iraq had Weapons of Mass Destruction because America was holding the retail copy of the receipt.

[Lieu3C4]

1:31 Is it so much the size that matters or the quality of the technique employed when it comes to smaller government, especially given rival interests whose size may well exceed? If I trust the government little, those who pretend to egregeous privilege built on a Democratic foundation, of generations of generation of a Nation, I trust less. 8:00 I think look at Iraq as the central issue is wrong: looking at Saudi Arabia is more to the point &why the US has a stable military presence in the ME.

[Stealthsuit07]

@bonfirejovi Economic illiterate huh? The economic language is a power tool, designed to dismiss the common mans observations like you just did. It's just like when the vatican controlled the people during the middle ages by having the exclusive right to read and interpret the latin Bible.

[kazearaki]

Alan Greenspan is a Libertarian Republican? He must be joking, wasn't he?

[szatmar666]

@woodlandcammo27 LOL! One doesn't exist without the other, only southern racists and traitors think they do.

[woodlandcammo27]

Fuck democracy! I want the republic back!