Hypocrite Serial Killer Alan Greenspan On Letting the Economy Heal Itself
Hahahahahahahahahahaha! I laugh and then proceed to spit directly in Alan Greenspan's general direction for having the large wrinkled cojones to say such a thing. You're telling me the Maestro thinks we should just sit the rest of this out? I repeat: hahahahahahahaha!
I think the fucker is getting senile. Can we just embargo his ass and ship him off to some remote island where we don't have to listen to his shit anymore? It's bad enough we still have to suffer with the consequences of his rampant power-hungry delusions, listening to him at this point is revolting.
The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow businesses and markets to power the recovery.
“We have to find a way to simmer down the extent of activism that is going on” with government stimulus spending “and allow the economy to heal” itself, former Fed Chairman Alan Greenspan told a gathering held at the Council on Foreign Relations in New York on Wednesday.
At this point, “we’d probably be better off doing less than more” because “you’d be far better off to allow the normal market forces to operate here,” Greenspan said. That’s largely because stimulus spending is not proving as effective as many had hoped. “To the extent the evidence suggests very large deficits concurrently crowd out capital investment, there is a debit to the stimulus program that is somewhere between a third and a half of what the gross stimulus is,” he said.
Meanwhile, Greenspan still has a soft spot for gold. Unlike Tim Geithner who might tout Treasurys but likely doesn't actually invest in any himself, I guarantee you homicidal maniac AG has a vault under his house stuffed with gold. Maybe the Fort Knox stuff we're missing.
Greenspan’s comments came in response to moderator and audience questions, and were accordingly wide-ranging. The former central banker noted that gold, the price of which has been surging, still represents the “ultimate means of payment.” What is happening in that market “is a signal there is a problem with respect to currency markets.” He reckons the problem is not a large one, but the jump in gold prices could be “the canary in the coal mine to keep an eye on.”
And no, AG, the "ultimate means of payment" is putting your ass away for the rest of your natural life in a federal prison for what you knowingly did to the people of this country and the fake paper we call money.
Oh but I agree that stimulus measures - all of them - have failed and will continue to fail but that's not going to stop any of these asshats from continuing to try.
It's funny that Greenspan can see the market signaling a "problem" with respect to currency markets but couldn't see the housing crisis coming straight for his ass when he was heading up the Fed and busy inflating the bubble. Strange how that works, ain't it?