Greenspan just said .....
Posted April 8th, 2008 by rhino
output
The only reason for the existence of the Fed is because of fiat currency. He said there would be no need for regulation of currency if there was still a gold standard. I hope someone puts up video of his live interview on CNBC.
I couldn't believe it when I heard.
Oh My!!!!
Of course we all knew this but for him to say that was unusual. I wonder if that particular comment will get any play. Dr. Paul needs to bring that up, because I know he tried to get good old Ben to admit this at the last oversight hearing and he wouldn't concede the point.
I know it is a CNBC exclusive and may be a while before it becomes available, but this video was very interesting. Post below when the link becomes available.
You can see bits and pieces of it at CNBC.COM, but I didn't see that actual clip posted.
He said virtually the same thing on fox earlier today:
http://youtube.com/watch?...
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So weird after he just
So weird after he just endorsed McCain.. I believe it was a total and complete Republican political strategy. I mean everyone knows that Ron Paul is the man for the gold standard. A DAY after Greenspan endorses McCain he says we should go back to sound money.
So he is either secretly with us...or very against us.
He also said, in the last couple of days.
that Spain's housing bubble was worse than the US bubble. However, I'm sure I remember him saying you could only recognize a bubble after it bursts.
So. . . Now, all of a sudden, Greenspan has "bubble vision"?!
___________
Lisa C.
www.women4ronpaul.com
Anyone find the pirate version on y-tube yet?
Anyone find the pirate version on y-tube yet?
On a gut level
I do not trust one word that dribbles off the man's tongue. I suspect that his ego demands that history treat him with respect and admiration, which he has not earned. His book and his speaking engagements are nothing more than an attempt to manipulate public opinion. Alan Greenspan had opportunities, which are available to very few people, to step up and be a large human being. He clearly abandoned reason and joined the dark side. Better luck in the next life, Alan.
He's starting to take heat
He's starting to take heat for what is happeneing in the markets... he's trying to cover his 6! funny watching the "meistro" sweat!
as for me and my home, we shall worship the LORD
that is a very astute
observation!
Agree 100%
AGREED
Could not have said it better,,,,,,,,,,,,
Here's what he said
in 1966 vs. his thoughts in 2005:
http://www.garynorth.com/...
I guess, now that he's not Fed Chairman any longer, he can afford to talk about what he honestly believes: gold standard.
wow
A big 2005 arrogance contrasted with 1967 realism.
Because of who we are, the system is as good as the gold standard, no better.
Here's what he wrote in 1967
and some of his background around that time: http://www.usagold.com/gi...
He has preached that for a very long time.
Doesn't totally surprise me
In his younger years Greenspan was strictly for the Gold Standard. I wouldn't even be surprised if Greenspan detroyed the FED on Purpose.
Read his article "Gold and Economic Freedom" in
AYN RANDS "Capitalism: The Unknown Ideal"
Greenspan just might be a mole that gained lots of trust to bring down the house.
Man, I think you could be
Man, I think you could be TOTALLY right on this!!! Never even occurred to me!
It did occur to me
that Alan Greenspan might be playing the part of one of the heroic characters in "Atlas Shrugged". But it does not add up for me. In Ayn Rand's novel, the establishment system was brought down in order that human beings could start over again. It appears to me that Greenspan has been a valuable tool in bringing about the collapse of our currency and economy not for the purpose of furthering humanity, but instead for the purpose of creating a crisis that will bring a fascist police state to the USA. I have read his essays from the 1960s and they are admirable. However, Alan Greenspan betrayed his once-held values and joined the dark side.
Not big into conspiracies ...
more likely got corrupted by the power. Thought it wasn't needed while he was running things, now no one can do what he did, so we may want to consider the gold standard since there will not be another like him.
He has been saying that for a while now.
he has been saying that for a while now. He did an interview with someone a few months ago and even agreed a gold standard would be better and allowing the markets to regulate interest rates would keep us from having economic bubbles. He has been all over Europe doing speeches and interviews saying how weak the dollar is. You would be amazed at what he has been saying since he left the Fed and Bernanke took over.
Is this a recent revelation or ...
is he implying that as chairman of the Fed, one must limit one's comments to the defined mandates of the Fed, even if it means inaccuarately stating one's opinions about such things as the need for fiat currency and the Fed.
you're right
but what's his angle? really...i can't figure it out. could he actually have something left inside of him after all that he has done-something "good" or is it just guilt... or both? really, what is it? either way we need to use this.
Man ...
That whole interview was actually exciting. (For a Greenspan interview, that is.)
Ever heard of hiding in
Plain Sight
He also said that the Fed is not responsible for
the housing bubble. I presume he meant that the Fed isn't responsible for setting artificially low interest rates in order to encourage borrowing and spending; roughly in the same way that a street corner drug pusher, who sells drugs to kids at below cost, doesn't play a part in getting them hooked, eh?
Oh wow....it sure we be
Oh wow....it sure we be awesome if we could make that vid go viral...post it here as soon as it's found please
Of course we all knew that, but ....
for him to say that was unusual. I wonder if that particular comment will get any play. Dr. Paul needs to bring that up, because I know he tried to get good old Ben to admit this at the last oversight hearing and he wouldn't concede the point.
He just said
Gold Standard = no need for the Fed.