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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (73382)	5/7/2010 3:14:09 AM
From: maceng2	6 Recommendations Read Replies (2) \| Respond to of 74559

This what AG said in 1966. financialsense.com He was a great fan of Ayn Rand. pbs.org I don't actually agree with the documentaries view that Alan Greenspan was walking into all of what happened surprised and blind. He is not that daft imho. Then he was in and out of Bohemian Grove a few times in the 1980's and about that time his view of "free markets" got muddled in with operations at the Fed. His idea of what government regulatory bodies should do is effectively nothing while the thieves and crooks who run Wall Street et al ransack the world. It's a bit like Alfred the Great saying there was no need to defend England from the Vikings as it was just the free market operating. Like as if Alfred said to his army and soldiers just to go and take a long holiday, maybe investigate the odd report of rape and pillaging but otherwise everything was just fine and dandy. So on one side he is "laissez-faire capitalism" which infers a sound money system independent of government, and on the other side (at the same time) he likes to have total control over the money systems via the Fed and all the political sleaze that implies. Two diametrically opposed systems. The COMMON DENOMINATOR in all this is the thieves and swindlers make out like bandits and all the normal honest citizens get robbed blind. That is what Alan Greenspan has done for the world.