Gold conversation and question start's at the 23:00 minute mark.

Thank you for the both interesting and informative video.

She neglected to mention that Greenspan got totally blindsided by the housing crisis and that his policies help make it far worse than it should have been. Where was that in the introduction? I know a high school dropout that saw that coming.

please upload the HD versions..

SILVER AND GOLD HAVE ALWAYS BEEN THE REAL MONEY

35:52 - Great question

More precious metals stackers watched this than finance majors

I am agree with question on Gold remark? Why porbably every developed countries have gold asset in reserve?

I listen to these guys talk and it's like listening to a different language. Basic simple concepts are couched in incomprehensible communications. It reminds me of a Catholic priest giving his mass in Latin. Nobody understands but they must accept it as true. I think his whole talk can be summed up by the ending where he speaks about "animal spirits." Containment of the banks animal spirits....that's something I can understand. The little animal is eaten by the bigger animal. That is the end game of fiat currency. Brad Deal

Wow the CFR has a youtube with public videos? Holy crap. Hi CFR!

Yes

Alan Greenspan is impressive. This interview showcases the brainpower of the man who helped steer the US (and by extension world) economy during the economic expansion of the 1990s and beyond. This is definitely someone who rolls up his sleeves tirelessly combing through every statistic and data point possible trying to understand where the economy is headed. To be honest, I'm not 100% clear on what he means when he says banks taking their money out of the Fed and re-lending it tightens the money supply (I've never worked at the Fed, but I believe banks re-lending their money should expand the money supply). Furthermore, raising interest rates to coax banks into parking their money at the Fed is usually considered a tightening of monetary policy. On the other hand, the Fed drawing down its reserves by selling assets should tighten the money supply. Conversely, the Fed purchasing assets and putting them in reserve should expand it. However, I'm not certain that's precisely what he meant. Probably just a very rare instance of Greenspan not clearly conveying what he intended to. No one's perfect. Nevertheless, in general, his thoughts on what happens as banks begin lending again are interesting.

Allan Greenspan is a man of his word.

When did this interview take place?

Greenspan actually says the fed "printing money out thin air" before correcting him self

Can anyone help explain what he means by "discounting"?

Just watched greenspan on bitcoin. Comparison Fiat, Bitcoin, Gold: 1 and 2 manmade and limitless producable, 3 not yet limutless producable, but most likely in the future producable in a lab in large quantities like diamonds; None have rate of return/don't produce anything; All prices are dependant on what the next person is willing to pay you ie speculative (or valueless). In my opinion, fiat, gold, and bit are valueless and speculation.

The presenter is totally wrong in stating that "what got the world out of that funk last time was World War 2" . That is often stated out of ignorance of thought but utterly fails the test of reason and historical fact since it produced more misery and lower standards of world wide living than had happend in the past. The devestation of WW2 in Europe and China and the Pacific was terrible as was the loss of value of savings caused by the inflation resulting from government taking a much greater share of income to finance a war. There was huge inflation in the USA as was elsewhere. It only appeared to some that wealth and increased and they were mainly in the largely untouched US mainland. The period after WW2 was the time of growth of wealth when the government's share of production (governemnt expenditure) had shrunken by 50% below it's size in 1944/45. If the actions of war produce prosperity for an economy then that action of building massive amounts of armaments and blowing them up would make people wealthy. It doesn't and it is nothing but wastelul of resources which otherwise could be used for the wealth of all.

Human technologies have advanced, in most frontiers including space tech, info tech, biotech, even in the extraction of oil, but technologies in extraction of gold remains much unchanged. Not only is extraction of gold expensive, the ownership of major gold reserves and mining companies are controlled by the very interest parties that own banks which have gold reserves. So the supply of gold remains relatively much more inelastic than other materials on the earth. So governments around the world use gold to do their under-the-counter accounting. Assuming the above is valid, the Fed holds little gold while its balance sheets keeps ballooning, the ECB can keep on buying bonds from European companies, with Brexit the BOE can do the same, that said, there is no way the interest parties should let Donald Trump win the election to talk about debt re-structuring because, the US debt restructuring is already in order. A couple of months after the election a financial crisis would give the Fed the justification to go on QE 4 and that is essentially debt restructuring. It is really in the interest of UK banks to not be in EU when that happens. Quotation: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Common sense tells us common folks to sell shares and bonds and buy lands. Or, with anyone willing to pay attention to the music and determined to find a chair when the music stops, one can hold gold and sell it as the US debt restructuring happens, then buy shares in banks deep in deflation. .

700bc buy Tripods, 1971 buy Gold, 2018 buy Crypto.

Because of Fed America is going to biggest crisis of history but they are calling it just a turmoil. It is very disappointing and discusting.

19:20 is stunningly wrong coming from a former Fed Chairman. Bank lending can never reduce the reserve balances of the banking system. It can only shift them around between banks. Thus the market will never, and can never "wake up one day and demand a higher return on reserves," forcing the Fed to raise the rate to "attract" reserves. The Fed issues all reserves, and supplies them on demand at the stipulated price. Reserves at not gold, and for the most part money never leaves the banking system because deposits are guranteed!

Interest Interest Interest. Get rid of the interest and the economy will fix itself.

Interest Interest Interest. Get rid of the interest go back on the gold standard and the economy will fix itself.

Repent Greenspan, repent.

Ssshhht!!! The devil speaks! 😂😂😂

when pigs come into season they go to butcher! kid's you need to live in your means! Peace :)

LOCK HIM UP!!!

Typical Greenspan, comes around and changes his mind when he's wrong and that's pretty much most of the time. Thanks for arriving late and telling us the obvious...again

buy bitcoin folks. and some pepe too lol

j public

Obvious Synchronization Greenbiz48 is via JPL is Data Was there an Error (❓❓❓) AUTOdesk boo boo (?)

Is all the gold shipped to Nibiru by now.?.....Q for lizards only .?

Alan Greenspan tally count of: Ughhhh 111111111111111111111 basically11111111 So...... he is a credible expert in the field of economics looking back in hindsight and with his particular way of articulating the passion of his profession with uuuhhh, basically so many...... pauses?

He talks like the central banks are not in cahoots with one another. Question, Is the Federal Reserve backed by gold? No? Well, that seems to be against your advice, concerning.

He is senile.

let's "revitalize" America with national debt. oh yea, that worked --NOT!!!

Btw - the woman interviewer is unqualified to interview Greenspan, so this is all BS.

This Rothschild joker has to be sorted out.

JEWS!