Alan Greenspan: Money Printing Didn’t Work
FORMER FED CHAIR SAYS “STIMULUS” WASN’T SO STIMULATING AFTER ALL … By FITSNYou must Subscribe or log in to read the rest of this content.
FORMER FED CHAIR SAYS “STIMULUS” WASN’T SO STIMULATING AFTER ALL … By FITSNYou must Subscribe or log in to read the rest of this content.
14 comments
If you want to use the term whore, then look no further. Greenspan wrote the effing book on whoring.
It’s always about Greenspan and he’s never wrong. Everyone else is simply inadequate. Just ask him.
“Oopsy Daisy”
Fuckers.
The Soviet Union & China have been snatching up gold for some time now. They got a big ole head start on the sheeple here. Just wait till the reserves start coming out and the double digit price increases hit. The only reason gas has been dropping is because of the shale strikes. Meanwhile, food continues its price increases.
If Switzerland’s referendum passes that’s gonna send gold up on top of all the other pressures.
Dem missles ain’t free ?
Personal friend and acolyte of Ayn Rand, Alan Greenspan showed just how stupid a Libertarian can be when he testified before Congress after the 2008 crash that he and his policies helped bring about and said that it never occurred to him that the banks could not police themselves and would do anything risky with other people’s money.
“In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was “partially” wrong in opposing regulation and stated “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity – myself especially – are in a state of shocked disbelief.”[56] Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Representative Henry Waxman (D-CA) then pressed him to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Waxman said. “Absolutely, precisely,” Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.”[84] Greenspan admitted fault[85] in opposing regulation of derivatives and acknowledged that financial institutions didn’t protect shareholders and investments as well as he expected. “- Wikipedia
Personal friend and acolyte of Ayn Rand, Alan Greenspan showed just how stupid a Libertarian can be when he testified before Congress after the 2008 crash that he and his policies helped bring about and said that it never occurred to him that the banks could not police themselves and would do anything risky with other people’s money.
“In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was “partially” wrong in opposing regulation and stated “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity – myself especially – are in a state of shocked disbelief.”[56] Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Representative Henry Waxman (D-CA) then pressed him to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Waxman said. “Absolutely, precisely,” Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.”[84] Greenspan admitted fault[85] in opposing regulation of derivatives and acknowledged that financial institutions didn’t protect shareholders and investments as well as he expected. “- Wikipedia
Fuck off Greenspan, you’re the last clown that should be giving anyone advice.
Do you feel the same way about Ben Bernanke and Janet Yellen?
The big concern now is deflation. We were told in a Goldman Sachs note two days ago that oil was going to plunge and stay low through 2015. The outlook is bearish. I paid 2.54 today to fill up here in the Upstate. Low oil prices are stimulative in the sense that people have more money to spend on other things, but when commodity prices go down and stay down, it has a devastating effect on a nation’s economy. Drillers give up, employees are let go, and checks are not there on Friday to be spent. People stop buying stuff. Look at Japan.
You do not want deflation. It’s a bad thing. On the other hand, I am proud of America’s growing energy independence. OPEC can go screw itself.
“You do not want deflation. It’s a bad thing.”
You don’t like lower gas prices?
“People stop buying stuff. Look at Japan.”
Japan has had 30 years of QE and now enjoys an all time high misery index, so are you saying this is what coming our way?(as if it could get worse?)
By every economic measure QE worked, unless you believe the markets and GDP would have done the same without intervention. Everything is up including wages, though they are not as strong as they should be. And inflation is below the 2% Fed target rate. So what’s the problem?
The problem is that inflation is below the 2% Fed target rate — which is itself too low to boost the economy, let alone prevent a return to the zero lower bound.
“pushing on a string”
you true believers (people who dont understand how bad this system is TOTALLY RIGGED) keep falling for the EXACT SAME SCAMS over and over. but because you have invested so much of your false and flawed personalities into these intentionally created corrupt systems, all they have to do is change the face of the stooge who runs the scam and you idiots fall asleep, let them run the same scams, and then after they have milked you for a decade or so, their “leader(s)” are then safe to come out, admit their scheme, “admit” they were wrong (but in fact were just following orders), and thus absolve themselves and their tricknology of public accountability once the moronic masses read their claim of: OOOOPS.” you traitors worship money, worship the official seals and the flag, and these people use your willing ignorance against you the same way time and time and time again. LOL but then again you clowns are the ones who worship republicanism and youre so deluded you even worship fatass fits
Apparently when Greenspan speaks … Well America used to listen.
Apparently this ancient geezer (methuselahs dad) is not quite the adept money manager of Americas finances as he was touted to be
When (not if, when)