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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (234298)12/25/2009 12:23:17 AM
From: LTK007Read Replies (1) | Respond to of 306849
 
i really understand where your coming from but to back my opinion, Bernanke as an academic was obsessed to develop of himself theories such to never have a great depression happen again, he made his reputation on his theories, theories he was working say 30 years.
Bernanke , as he developed his views they became his conviction, this was well BEFORE he became Greenspan's sidekick.
i will summit Bernanke is more dangerous BECAUSE he is a fanatic, and not the criminal, manipulating cynic in love with being adored, Greenspan, because he pursues this via belief----Greenspan, didn't believe, he just did what gave him power.

Greenspan was never an academic, he was just someone that became attached to Ayn Rand , of whom, Ayn Rand even said, he thought him a devious social climber.

What you are saying does not apply to Greenspan, but , for now, i feel, as i have stated the power dogs have gotten their academic "NutCase" they want as The Fed Chief.

i commencewd my post about Bernanke with the words "An Opinion"

i here refer back to Marc Faber, Marc Faber is actually quite a humble guy that rarely ever says anything really savage about others.
He broke with this when he had a newsletter which charged Greenspan as a man with ZERO intellectual integrity, that he,Greenspan KNOWS what he is doing is wrong, and quotes from Greenspan himself on his actual beliefs before he became Fed Chief, to prove he was a man of NO conscience,and who was fully aware of the wrongness of his actions, but did so to get adulation and power, nonetheless.

And Marc Faber then charged Greenspan as a a hard core CRIMINAL, and really was defining a "white collar" PSYCHOPATH.

Now of Bernanke, Faber despises Bernanke for his policies, but he , to the best of my knowledge, has not gone beyond calling Bernanke "an incompetent and dangerous IDIOT" and calling him insane.

Point being he never called Greenspan an "incompetent idiot" nor called him "insane", no he called him a diabolical criminal, that KNEW what he was doing was WRONG.

i, will for the time, keep my opinion that Bernanke that Bernanke developed his theories with a deep belief he had the answer, that he is a fanatic about his views and when we look back into his personal history you will find a man that believes in his methods, this being quite contrary to Greenspan's backgroud.Max