Alan Greenspan on U.S. Debt, Deficit, Tax Cuts

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6 жыл бұрын

Apr.18 -- Former Chairman of the Federal Reserve Alan Greenspan joined Bloomberg Television for a wide-ranging discussion about U.S. debt, the current rate hike path, Europe's new direction and his reading assignment for the Republicans. Dr. Greenspan joined Tom Keene on "Bloomberg Markets."

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@harbster2 6 жыл бұрын

It's amazing how this guy talks and talks and doesn't actually say much. He never commits to any conclusions.

@organicjuice784 4 жыл бұрын

cause the Federal Reserve is a mafia ....it is a private Bank.

@justicewalking 4 жыл бұрын

What are you talking about. He has been very consistent his whole life. Less taxes for the extremely wealthy and cancel spending on the poor. Never will you see him say cancel spending on government grants for the extremely wealthy. So keep giving exon mobile billions of dollars in government grants for "research and development" because apparently there's lost to be discovered to expand on an industry that is destroying the planet and the huge profits they make is not enough to pay for it themselves. The middle class and working poor have to pay taxes in order to fund that for them. Greenspan is one of the worst people in the world because of the influence he has on people and politicians. And the Federal Reserve is merely an agent of Congress. It doesn't have any power of its own. Congress passes legalisation that instructs the Fed to spend. There was a comic that was made that had Greenspan in the passenger seat holding a kids steering wheel that's not attached to anything and Congress in the driver's seat with his hands out the window, looking over at Greenspan saying "Nice driving" as it's driving off a cliff.

@slavajuri 3 жыл бұрын

Why do you need a conclusion?

@tubularbill 6 жыл бұрын

This from the man who kept interest rates artificially low and has caused this whole bubble

@shadowbanned4days 6 жыл бұрын

Yep

@joseaguirre744 5 жыл бұрын

Destiny tran and trump wants it to stay low

@darwincity 5 жыл бұрын

And still this policy is, seemingly, the one preferred by Trump, for some reason.

@nthperson 5 жыл бұрын

The bubble was destined to returned in any event. Low mortgage loan interest rates, in particular, were capitalized into higher land prices (and, hence, higher prices for residential property). Property prices expand over an 18-21 average cycle, or (if sooner) the asking prices for land and property can no longer be met by consumers and businesses faced with higher costs for office or retail space that squeeze profit margins.

@nobody.123 5 жыл бұрын

Brandon Boyer - but he came to understand, self admitting, the damaging reprocussions of that policy. So after a decade of artificial low rates and irresponsibile central bank policies, I think I would acknowledge that Greenspan is well-versed in the possible adverse effects of such policy. He experienced them himself! You should give him credit for acknowledging his mistakes, and listen up when he sees history repeating itself!

@jasonhaley1821 6 жыл бұрын

Ohh snap its the guy who got us in this mess!

@nole8923 6 жыл бұрын

It is comforting to see that so many Americans have woken up. The comments are encouraging. I think we are going to see an incumbent blood bath in Congress in 2018 and 2020.

@nole8923 6 жыл бұрын

Phil Trollmuch Jr. we shall see. There are a whole bunch of people running that don’t take corporate money. This trend is gaining traction in a huge way. Gotta have hope man.

@rahuldeora5815 6 жыл бұрын

He caused the financial crisis due to his GROSS negligence and corruption. WHY is he being interviewed??

@reyrecks 6 жыл бұрын

Rahul Deora him along with everybody that praised him are at it again making a new bubble.

@jessem8928 6 жыл бұрын

Because he is a Keynsian

@crystalgiddens7276 6 жыл бұрын

The charade must continue. Policy is about wealth and prosperity for all.

@rabbitbobo4131 6 жыл бұрын

He is also the reason why US were in a golden ages for the past 20 years. He created the largest financial bubbles ever, and avoided the largest recession for the past 20years. One of the most conflicted personality.

@aon10003 6 жыл бұрын

Because Bloomberg is a Wall Street company that has its main businesses in the stock market.

@tommy35ss 6 жыл бұрын

Interesting how Alan Greenspan comes out with honesty in retirement, it is refreshing to have my views confirmed

@RichardCraniumRules 5 жыл бұрын

love this video

@Philson 5 жыл бұрын

Few people understand finance like he does.

@ahmedibrahimhassanhajiali 6 жыл бұрын

I am not an economist, but I would add to Alan Greenspan's expertise view is, the fast electronic money transaction in microlevel surpassed or out raced the speed of monetary and fiscal plans of the central banks, let alone the precautionary and speculations created by the global gadget transactions.

@countd5955 5 жыл бұрын

It's simple really, the next 2008 is coming and a double bail out won't stop it.

@erinshad 4 жыл бұрын

It's here

@jc.1191 4 жыл бұрын

Looks stopped this time. Ive my doubts for the next one. Gotta delever and let some zombie companies for slowly. Not all at once. Powell tried to handle it in 2018, and the administration left him to have to cut rates.

@lawrenceelliott3055 5 жыл бұрын

the balls on this greenspan!! he caused much of this nonsense we are dealing with over the last 10 years

@azsxdcfvgb766 6 жыл бұрын

Why balance sheet activities like the federal debt must even be discussed.

@pekarna 6 жыл бұрын

He's 92. His actions in FED might have been silly but I must admit, I want to be able to think like him when I am 92.

@joseaguirre744 5 жыл бұрын

Life expectancy is 79

@jc.1191 4 жыл бұрын

Notable that he apologized and owned his mistakes as well.

@courtcomposer 6 жыл бұрын

Grom the man that said the economy was strong just before the collapse.

@jaym9846 6 жыл бұрын

Creating money out of nothing is unfair to those who earn it by working and ultimately bad.

@shadowbanned4days 6 жыл бұрын

Wow...someone who gets it

@glennbrunck7572 6 жыл бұрын

actually what they are doing is spending money they dont have and forcing the debt to our children..aka slavery

@aleksandersuur9475 6 жыл бұрын

There is of course no such thing as money out of nothing, all you are really doing is devaluing the currency already in existence and putting that value in new money you just printed, which you now control and spend as you like. Which is a total genius move if large amounts of your currency is being held outside your country. True, you are stealing from your own citizens, but you are also stealing back your money from overseas where you sent it all in return for goods and services. And to a degree you have to do it or you will kill your export sector with too strong a currency. But it is a fine balancing act, go too far and things will end badly for you.

@glennbrunck7572 6 жыл бұрын

aleksander suur, The comment you wrote started out simple, then quickly went right passed my understanding..Can you Tell me in laymans terms about the fedarel reserve? They print the money aand lend it out, right?..To make interest on it? and pay back the money they made in profit to who?

@aleksandersuur9475 6 жыл бұрын

Federal reserve doesn't make profit for anyone, not really, if they make any on paper they transfer it to US Treasury, which is kind of circular because that is where most of their profit comes from in the first place. Fed has power to print money and two goals: maximize employment and stabilize prices and interest rates. So they regulate dollar as needed. They are essentially a printing press, but one that has specific conditions for operating, a president for example can't just turn it on or off at will. As for the currency printing, let's say you are president of Zimbabwe and you have power to print as much of the countries currency as you want. Let's say there are 10 billion Zimbabwe notes in existence, worth enough to buy two apples. But you know that 5 billion of these notes have ended up in neighbouring Mozambique, so one apples worth, the rest are littered around Zimbabwe. As a president you are totally out of cash and can't buy any apples. But, if you went and printed 100 trillion Zimbabwe notes then they would all be in your pocket and you could almost buy two apples, because that's how much the entire currency summed up is worth. Mozambique and rest of Zimbabwe citizens are left using the 10 billion notes they have as toilet paper. Now all countries continuously print money to some degree, ever since gold baking was done away with. If you were the odd one out who didn't, everyone would try buying your currency, because it retains value. That would make your currency very strong and very expensive, so much so, that nobody could afford to buy your actual products, your export businesses would die and people would start wondering. Gee, this country has no economy anymore, why is their currency actually worth anything again?

@jc.1191 4 жыл бұрын

Everybody wants to hate him, but there is plenty to learn from him. This guy is a good interviewer, keep him on.

@aa7raa7r10 5 жыл бұрын

Tell these guys to pac∆˚ their bags & exit the USA

@Pyrrhic. 6 жыл бұрын

It would be nice if Congress repealed the dual mandate of the Federal Reserve. Since when did Monetary Policy have a direct effect on full employment. Full employment should be the goal of Fiscal policy, while Monetary Policy should just focus on price stability.

@pedrozaragoza2253 6 жыл бұрын

The money is spent by congress and not the federal reserve.

@Xantrah 6 жыл бұрын

Cut corporate entitlements, raise corporate tax rate to 25% (still way below 35%), drop the pass-through tax cut, weed out corporate tax loopholes, and add a 1% annual tax rate on unrealized capital gains based on likely profits from liquidation (I know this will become a loophole by artificially reducing market rate during tax season, but it's a start).

@allysondee8999 6 жыл бұрын

greenspan knows it!

@zeketorres9257 5 жыл бұрын

World's biggest debtors; Our gold NY Tresury 7000 gold tons + Ft. Knox 4500 = our total gold 11500 tons. 11500t x 32,150oz x $1300 = $481 Billion 2018 trade deficit = $566B, 2018 national debt $21 Trillion.... this means all our gold leaves over $20 trillion in debt... or our gold does not cover one year of trade deficit! We really are great borrowers!!! 1989 fall of USSR why??

@turkrane12 6 жыл бұрын

They mention the debt, did they say it is 21 TRILLION

@abalint8097 5 жыл бұрын

we have seen inflation! in asset prices, not consumer goods.

@Wongseifu548 5 жыл бұрын

Of all the people to ask this question you ask allen greenspan....seriously do you want more debt

@LisaMurphy 5 жыл бұрын

Alan Greenspan was the biggest contributor to our ruined economy than any other person in recent history. He accommodated George W. Bush in Bush's strategy to get everyone and their dog into a house so that Bush could claim record high levels of home ownership and a booming economy when he ran for re-election. Greenspan kept interest rates at an extremely unhealthy low level for nearly three years, which provided the environment for the sub prime lending, mountains of derivative wagers and a massive amount of mal-investment. Greenspan's politically influenced loose money policies caused a hole to be blown in our economy that is going to bring much disaster and pain to this country, and to the world. What happened in 2008 was just the first crack showing up. The Fed masked the problems over with printed money and now has us in an even worse situation. The fundamental problems were just made worse. And now we are headed for the worst economic depression this country has ever seen. There are going to be massive business failures, loss of jobs, and a lot of people are going die.

@ahmedibrahimhassanhajiali 6 жыл бұрын

As an example, if at all, the whole liquid money is owned by one man and the rest borrow from him in no way the man can predict how and when the money will be paid back. There are always margin of errors in forecast that are cross purpose with plans. But honesty is the best policy for banks to profit from their portfolio.

@paulsimmons9512 5 жыл бұрын

Note Bloomberg doesn't want to say how many trillions the debt is (23+) and the short time since being at half a trillion (mid1970s).

@fwily2580 6 жыл бұрын

Does anyone remember when Bush said in a State of the Union address “ it’s the right of every American to own a home.”? It was up setting when he said it and it was catastrophic 8 years later. Government should stay out of economics.

@Gammaus 6 жыл бұрын

William Finnegan Really? It was the greed of overselling subprime mortgage without gov’t oversight that bankrupted the country. Greed from the real estate brokers and banks to respond to the investors for more “profit “; this is why we need more gov’t involvement to regulate the financial market. When it comes to money, greed for more, without regulations, will lead to financial , social and political problem later on.

@fwily2580 6 жыл бұрын

Gordon Chiu : Read more. Greed is always present, today , yesterday always. It is a constant. You have to read and understand what triggered this particular episode of greed. Bush said there was a housing gap, his administration then directed the two pseudo businesses ( Freddie Mac and ginne May) to buy mortgages made by banks. They would never buy these mortgages in the past because they were bad risks. But bush step in ( Bernie frank too) and changed normal business procedures ie don’t lend money to bad risk ventures.

@ryanbeck7166 5 жыл бұрын

How could the government possibly "stay out of economics"? Every dollar in existence came from the government. Inflation is controlled by taxation and interest rate policy. All done at the federal level. Maybe you should understand economics, before telling anyone to stay out of it. Just a thought.

@ryanbeck7166 5 жыл бұрын

This will help you understand. kzfaq.info/get/bejne/h5eDgM2W2t-qXY0.html Best wishes.

@BRuane-pw6xq 5 жыл бұрын

Folks here is an immutable fact , Social Security and Medicare will eventually be means tested, States and cities will cut Pensions to some degree out of necessity. . If Trump keeps both Houses, as I expect, ACA will be repealed , SS and Medicare cut, environment will be degraded , additional tax cuts , trade wars worse , deficit will soar. The problem is people voting do not know or understand this . Let people decide , tell the fucking truth . GOP , now led by a 6 time Banktrumper, is the party of 8 of last 9 recessions. Tax increases under Obama and Clinton economy thrived, Dow up 240 percent and unemployment cut in half under Obama . W cut taxes Depression. Obama wanted a tax cut but not to the degree Banktrumping Donny wanted. More jobs created under Obamq in 16 than Banktrumping Chump in 17 . Trump will fail economy because that is what an inheriter of wealth who still banktrumped 6 companies does.

@ciaronsmith4995 6 жыл бұрын

How come this guy blocked his college thesis from being viewed? It was on the very issue that caused the financial crisis.....

@teddybruscie 5 жыл бұрын

How come nobody ever tells us who we owe money too?

@firerabbit811 5 жыл бұрын

teddybruscie That IS the question!

@JasonT404 5 жыл бұрын

It's mostly ourselves

@teddybruscie 5 жыл бұрын

Bing Jason. We don't owe anyone. The Fed creates the money out of nothing. Why would they want their money back? The entire point of Fiat money is it's worth nothing and can be created infinitely. If we have to pay back all of the money we create then what's the point of having a Fiat currency? Debt is just money creation. Our money literally debt.

@JasonT404 5 жыл бұрын

@@teddybruscie You sound like one of the libertarians that wants to return to the gold standard, and I'm not going to comment on that. To answer your original question, again, it's mostly "ourselves" in the form of the social security trust fund and other loan investment systems at the national level. Then it's U.S. holders like insurance companies, banks and investors, then there are foreign countries who hold US dollars (in the form of TBills) for trade.

@soulmate805 5 жыл бұрын

@@firerabbit811 You owe it to no one. Read Modern Monetary Theory and you will get all the answers.

@Chicago48 5 жыл бұрын

I don't know about anybody else, but our grocery bill is going higher. I notice that groceries are a few cents higher.

@zabdas83 6 жыл бұрын

The Federal reserve system has never ever called a forecast right, in it's entire history. Also the FED is a privately owned corporation run for the profit of it's shareholder's etc!

@gustavogomes1581 5 жыл бұрын

heeey, this is the guy who said that national debt is not a problem cause you can always print more money, right?

@wearewaves3106 4 жыл бұрын

Oh, your soooo mysterious Mr Greenspan.

@eac26114653 6 жыл бұрын

He had to cater to the people in power if he wanted to keep his job as fed chairman. It's just like politicians catering to the military industrial complex and the social welfare program special interests to keep their jobs as members of Congress. You cannot blame a person for looking out for themself as long as they didn't violate the law.

@chitownrabbit 6 жыл бұрын

It is still unclear Why we need to cut medicare instead of reducing cost of healthcare.

@stevegodenich7087 4 жыл бұрын

The main drivers of national debt are guns & butter spending. We're dishing out $1.25 trillion on national security[1] and over $1 trillion on welfare[2]. The Pentagon and HUD haven't passed an audit in decades so the public does not know where trillions of dollars have gone[3]. Social Security & Medicare Insurance is funded separately as part of the Federal Insurance Contribution Act. If you eliminated the 15.3% FICA payroll withholding to help the current generation, today, it will not help our current fiscal condition one iota. It's a zero-sum gain. It will, however, devastate today's senior citizens and deprive the current and future generation of social security benefits in their old age, tomorrow. FICA caps are adjusted, ($128,400 in 2018 to $132,900 in 2019) to help account for rising costs. Artificially low interest rates from QE/ZIRP/IOER are diminishing returns for the SS Trust fund and bond portfolios in retirement accounts to prop up the stock market and the central government. QE/ZIRP/IOER increases liquidity on Wall Street, but does little to trickle down liquidity to Main Street otherwise we would see a more dramatic rise of inflation,... not so good, either. To lower debt/gdp, consider transitioning to a decentralized form of Edgar Feige's 0.3% APT tax[4,5] on dollar liquidity flows[6,7], where tax proceeds are apportioned to local governments and bubble up to State and Federal levels after local fiscal issues are addressed (including price inflation). Besides saving $800 billion/year, it raises net profits, raises net wages, lowers prices and unilaterally addresses tax havens[8,9]. This enables local governments to lower property taxes, lower education taxes and limits excessive state and federal spending of our tax dollars. That's the stimulus we need for business and job creation in our local communities, along with less red tape to start and operate those going concerns. [1] Making Sense of the $1.25 Trillion National Security State Budget| POGO | 2019 [2] CRS Report: Welfare Spending The Largest Item In The Federal Budget | Sessions | 2012 [3] Dr. Mark Skidmore - $21 Trillion Missing from US Federal Budget | KZfaq [4] Alternative Proposals Reform, May 11 2005 | Video | C-SPAN [5] Taxation for the 21ST Century: Automated Payment Transaction (APT) Tax | SSRN [6] Intraday Liquidity Flows | FRBNY [7] Worldwide Currency Usage & Trends | SWIFT [8] The Spider's Web - Britain's Second Empire | KZfaq [9] [PDF] The Treasure Islands | Nicholas Shaxson

@alicecapone 4 жыл бұрын

I hate & admire this man. He is the man that perfectly represent the Lincoln's quote : Nearly all men can stand adversity, but if you want to test a man's character, give him power. He minds his own biz, not greedy. Just don't ever be on his way, when he is on something.... He'll show you what he is capable of..... He is the definition of scary hidden power He'll show you

@ZEPIfriedchicken 6 жыл бұрын

Is Alan still alive?

@shadowbanned4days 6 жыл бұрын

Thank you for robbing us blind Mr God

@macclark4112 6 жыл бұрын

Brandon Boyer If you signed a Contract I’d suggest you Robbed yourself.

@crolison2 6 жыл бұрын

in the 1960's Alan Greenspan argued that economic freedom required the gold standard for protection of savings from confiscation through inflation. We now have Stagflation (like Venezuela), Why does old Alan think that the Republican economic support of the FED is any different than the the Democratic Party??? Both these Party's work for the Fed don't they???

@djjk12 5 жыл бұрын

Hope Powell does not do the same thing Alan Greenspan did.

@pedrozaragoza2253 6 жыл бұрын

Mr. Greenspan is a genius. God bless you sir.

@conors4430 5 жыл бұрын

Pedro Zaragoza it does take a genius to have such a strong hand in moving 330 million people’s wealth into the hands of a few

@ewallacestudent1 6 жыл бұрын

It was our corrupt leadership needing no demanding these guys not the bankers fault. Want to get out of debt cut cards and pay bill, freedom.

@marcduchamp5512 6 жыл бұрын

The 1% speaketh

@gregmartin6653 5 жыл бұрын

He knew how to keep his job. A tickle the ears and yes man :) Until retired anyway :)

@TheRetiredVeteran 6 жыл бұрын

This guy is worth $20 Million he doesn't have any idea what the middle class are doing. He is 92 years old and senile. I forgot he was still around. I remember him real well. I lost a lot of money when he was Fed Chairman.

@ericwedin4154 5 жыл бұрын

He is responsible for the mess we are in?! Why ask him for advice??

@dickystrong9019 5 жыл бұрын

they guy is the main reason this started

@nickzivs 5 жыл бұрын

One of the grand architects of this hollowed out, debt-driven global economic shit show. It's not just the entitlements, it's the fact that corporations haven't poured profits back into organic growth, wage growth, etc. to naturally stimulate and grow the economy. Instead they just hoarded the money and borrowed against their balance sheets for M&As, buybacks, and dividends, etc. for quick and concentrated gains. It's why the wealth disparity is so absurd while the economy is in the toilet and there are asset bubbles EVERYWHERE. They've really fucked us all especially those that don't have a pot to piss in let alone save and invest to grow their wealth against inflation. What will it ultimately lead to? More cheap deficit spending ... or insane deflation.

@tonylinardi3089 6 жыл бұрын

Spit it out!!

@chethansagar 6 жыл бұрын

On a lighter note, it sounds like 2 old folks about to kick the bucket? (No disrespect or hidden agenda - just an observation)

@peace8373 6 жыл бұрын

Break contract with citizens, but never with bondholders, another has-been an economist who got us into this trouble.

@timsteinkamp2245 6 жыл бұрын

How sad everyone wants to blame Alan Greenspan. We should be blaming our neighbors has Lincoln said of the People by the people and for the people.

@jganun 6 жыл бұрын

Entitlements: and by that he means the only one that was actually funded by its own tax, Social Security. The money taken for Soc. Sec. was spent on other things; when the funds run out, let the 'other things' take a hit for the sake of Soc. Sec. As for the European Union, as a political/economic system, it was doomed from the start: all the countries have to fund social programs at the same level, even though only a few of them can afford it - which is why Southern Europe and Ireland suffer while Northern Europe prospers.

@robertsmith5744 6 жыл бұрын

Southern Europe does not produce as much as northern Europe. "Entitlements" are Not welfare but poverty prevention and 100% of the monies "spent" are spent in the economy !!

@mineown1861 6 жыл бұрын

Has greenspan got a new economic theory ? His last one was a doozy , pity it only worked in theory. Burned all your ayn rand yet Allen?

@Nuganics 6 жыл бұрын

If he followed Ayn Rand wouldn't he believe in the free market? Clearly the Fed loves fiddling with the free market and was even worse under Greenspan. Have you read Rand or just making this stuff up?

@mineown1861 6 жыл бұрын

Alan greenspan's cow eyes for Rand were no secret , free marketeers are like Dylan's liberal, yes but to a degree , greenspan was as rand as he dared be and sorely regretted it post 2008 , or so he said.

@Nuganics 6 жыл бұрын

In his early years but he is clearly not free market. He even wrote his thesis on gold but by the time he had power he turned into a Socialist and wanted to control/plan the economy. Look up the Greenspan Put to see how crazy with central planning he moved away from the free market. The Fed is a centrally controlled organisation that controls interest rates/money which effect everyone. Sounds like Socialist central planning to me. Thank God for Bitcoin.

@mineown1861 6 жыл бұрын

Tim Lester Greenspan before the house oversight committee. "I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms," That concept of self interests could have been pulled directly from Rand's 'the unknown ideal' . Of course being a fully committed follower of Rand and being head of the fed are by very definition mutually ecxlusive , so like I said , as Rand as he dared be.

@Nuganics 6 жыл бұрын

The banks know they will be bailed out so it creates a moral hazard meaning they will take more risk. Only in a Socialist financial system this works as under Capitialism banks go bankrupt so they take less risks as they know there is no bailout if it goes bad. Imagine yourself at the casino if you win you keep profits but if you lose the tax payer picks up the bill, my guess is you will make huge risky bets?

@MetalBum 4 жыл бұрын

Buy gold silver bitcooin as hedge. Real Assets. Real estate commodities.

@dennisszymanski1351 6 жыл бұрын

He says we need to get back to Reagan conservatism on debt. Reagan started the era of big deficits! These deficits started under him and then Bush and Trump blew them up even more, so what is he even talking about???

@makedredd299 5 жыл бұрын

Never mix Politics with Religion. Never mix Politics with Money.

@TJ-kg8vc 5 жыл бұрын

Never mix your money with '-------- *THIEVES *PERIOD !!!!#*

@brianmchugh7667 6 жыл бұрын

AG, read the script. I hope no one figures out "I'M A FAKE!?"

@TheWheels1965 5 жыл бұрын

Greenspan looks like one of the old guys from the Muppets!

@darpmosh6601 4 жыл бұрын

Alan had no idea what Greenspan was talking about

@jackmcgregor3334 6 жыл бұрын

If I saw Greenspan in the night in the kitchen I would get the bug spray and chase it down

@vincentverrette30 5 жыл бұрын

the best central bank is no central bank.

@conors4430 5 жыл бұрын

Vincent Verrette no, the best central-bank is a central bank under democratic control of the government, not a independent one that is a law unto its self

@herbwiseman9084 11 ай бұрын

Equilibrium interest rate is a nonsense concept. There is no equilibrium in economics or society. That is like saying a sunny day with calm oceanic waters is in equilibrium and the normal state of affairs, yet the oceans and atmosphere for that matter seldom are in equilibrium. His argument falls apart when an assumption about equilibrium is made and found to be fallacious.

@daveb2759 5 жыл бұрын

Didn't he save America in 2008

@dickystrong9019 5 жыл бұрын

start the problem, then blame the government

@klausmager 6 жыл бұрын

if I hear Greenspan one more time talking about 'we must reign in entitlements', I will have to throw up. Social security, health care are not entitlements; the American people worked for that, payed into it. What a heartless jerk this man truly is.

@groundtraveler1523 6 жыл бұрын

The man who invented taxes, do you think he started with no money?

@Gary65437 6 жыл бұрын

Gspan is always ready to cut SS and Medicare but never mentions the largest elephant in the room, military spending.

@fatfat1877 5 жыл бұрын

Social security is bigger than millitary spending. Moreover the US government is holding 210 trillion in liabilities because of social security and medicare.

@allysondee8999 6 жыл бұрын

heh. "celebrating pete peterson". lol, he's dead now! this is the same greenspan who told lyin' ryan that SS could not ever be insolvent... #learnMMT!!

@oliverdash2585 5 жыл бұрын

This person caused so much mayhem when he was in charge anyone taking advice from this person is like taking advice from corpse

@GoldTradersNiche 6 жыл бұрын

Simple solution to the entitlements problem: WWIII......

@nickzivs 5 жыл бұрын

Be careful what you wish for, you'll probably get it.

@generalyan7084 5 жыл бұрын

He became Fed reserve chairman due to his so-called belief in sound money (gold and silver) but as history shows he sold us into debt slavery. The hipocrit should be executed for Treason.

@LibertarianRF 6 жыл бұрын

Ugh.. criminal

@shakester2010 5 жыл бұрын

Go to sleep Alan.

@conors4430 5 жыл бұрын

Da fuck would you ask Greenspan about anything to do with the economy

@kariuki6644 6 жыл бұрын

dissolve the central bank

@conors4430 5 жыл бұрын

Kariuki Ke The main problem is the central bank is completely I’m accountable because it essentially lives outside of democratic rule. All it takes is a law to bring it back into democratic control and out of the hands of the IMF and World Bank

@JoelFinkel 6 жыл бұрын

Pretty much the personification of capitalist evil. Just watch starting at about 11:00.

@bargdaffy1535 Жыл бұрын

Oh bullshit, put Greenspan under oath and the narrative changes dramatically. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

@tommedlin3009 6 жыл бұрын

total criminal

@jeffharbaugh8683 6 жыл бұрын

How to survive the worldwide starvation crisis caused by Peak Oil; "What can I do"? According to the experts you should: 1. Garden with sustainable agriculture techniques (less pesticides and fertilizer (organic or better yet permaculture)). 2. Buy food and manufactured goods made locally 3. Pay down debt 4. Learn skills they will be useful in the future and make friends that have useful skills you don't have (related to providing food, water, shelter, and medical care. A necessary skill is organic/permaculture gardening/farming). Very important: medical plant and medical skills are the best way to ensure your survival. All others will gladly sacrifice their life to protect your life, so you are around to use your medical knowledge to keep their families alive. 5. I recommend to invest some money into technologies to increase the "carrying capacity" of the planet (high risk investments); A. decrease environmental impact per capital B. alternatives for our food system input to improve production C. alternatives to our current living arrangements, D. alternatives to our plastics industry, E. alternatives to disaster capitalism F. "Savior technologies", ie faster-than-light travel, "game changer" technologies, ie Cold fusion energy & "delaying technologies", ie deep drilling technologies. 6. I also recommend you inform and prepare your family, friends, and others. It is best to initially suggest people have an emergency kit... for any emergency such as flood, earthquake, tornado, hurricane, loss of electricity due to a winter storm. Then, if the friend or relative puts together a disaster kit, what I do is introduce Peak Oil (by telling them of the 43 second movie trailer m.natgeotv.com/ca/2210-thecollapse/videos/collapse-of-earth , the "National Geographic Collapse" movie on KZfaq, & free book downloads; 7. For the truly motivated, a community based organization to mitigate Climate Change and Peak Oil is: www.transitionus.org/ (For non USA; transitionnetwork.org/) Google "2052 free book summary download", & The free book "Plan C" workbook download; www.communitysolution.org/newsolutionsreports/ne w-solutions-11-plan-c-curtailment-and-community?rq=plan%20c See the Facebook page: "National Geographic Collapse movie"

@nukelaloosh4795 6 жыл бұрын

just expire already

@toussantlbisso 6 жыл бұрын

Andrea mitchell must resuscitate this ghoul regularly! And there money doesnt make either palatable.

@hai101277 6 жыл бұрын

Cán cân thương mại Mỹ và các nước đồng minh mỗi năm Mỹ xuất cảng không biết bao nhiêu là vũ khí giờ còn đòi các nước đồng minh phải cân bằng cán cân thương mại

@hai101277 6 жыл бұрын

Trường hợp của Nhật Bản mổi năm Nhật mua vũ khí của Mỹ thì Mỹ cung đánh thuế lên nhôm thép xuất khẩu của Nhật is that something to do with tarriff?

@BigDongWong 5 жыл бұрын

Not what he use to be

@micheleklemetson3591 6 жыл бұрын

He wants to cut the retirements of all the poor and impoverished but the military needs to keep taking billions of our tax dollars, all this clown is , is a servant of extreme wealth.. The question is have the people had enough yet?