October 27, 2007
Alan Greenspan Is A Scumbag
I admit, I first liked the guy at first but as time goes on and the more I learn about the Gold Standard, the more I feel the “Maestro” is truly a scumbag. From his own words in a 1967 eassy:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.[Gold & Economic Freedom]
In 1971 we left the Gold Standard and Greenspan went to work for the Federal Reserve. After everything he believed in and everything he railed against, he just sells out to a non-audited, non-elected governing board that can create money out of thin air. For all the guff he spewed about the dangers of fiat money, he sure forgot about that during his tenure as Chairman.
I think Ayn Rand is turning in her grave.
November 3rd, 2007 at 8:10 pm
It sounds to me as if you mistakenly believe, as most Americans, that the Federal Reserve has something to do with the federal government. Nothing could be further from the truth. Otherwise, Greenspan’s and other “Fed” chairman’s actions could never illicit a response such as yours.
Be as angry as you want, but, at least, direct that disgust toward the people who sold their souls to put over the biggest hoax ever on the American people, and the world. Of course, the original masterminds are dead, but we live with the burden of that legacy.
The history of the evolution of the Fed is widely known, but one needs to seek out the evidence. Many books have been written about the subject including, The Creature From Jeykll Island, likely the most popular written on the subject.
Below is a link to a video that is quite informative. There are two parts. I have only watched the second, but it is informative. Frankly, it is enough to make most of us sick, but often truth can be distasteful.
Here is the link:
http://video.google.com/videoplay?docid=-7336845760512239683&q
=The Money Masters
November 5th, 2007 at 12:36 pm
Randy,
I know that the Federal Reserve has nothing to do with the Federal Government. Members of the FR are appointed and not elected. Thanks for the link, I will check it out.