History will not be kind (to either)...
September 29, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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24 comments:
Which have Bush and Greenspan devalued more?
1) The US Dollar
2) The Presidential Medal of Freedom
It's a tough call.
Greenspend sold the USA out to China.
Or was it Clinton by approving NAFTA?
It's a toss-up.
Or was it Clinton by approving NAFTA?
While not a Clinton supporter or a Dem, it should not be overlooked that the GOP wholeheartedly supported NAFTA. In fact, Perot was the only condidate against it- remember, giant sucking sound?
Additionally, I believe the whole China thing started when they were granted most favored trade nation status and/or were allowed into the WTO.
same medal he gave the discredited and corrupt Paul Bremer
I thought it was Clinton that sold China the Nuke Technology.
Which have Bush and Greenspan devalued more?
the answer is:
3) our beloved america
Greenspan did his evil deed's under the watch of both Clinton (dot com bubble) and Bush (housing bubble). Both Clinton and Bush are responsible for NAFTA (Bush Sr & Clinton) and selling out to China (Bush Jr. and Clinton).
Lets be honest, screwing lower and middle class Americans is a bitpartisan effort.
bernie ebbers goes to jail for 25 years this week, while these guys are eating caviar
problem?
Anon said:"Perot was the only condidate against it- remember, giant sucking sound"?
Yes, that's right. He said China was making the sucking sound, correct me if I'm wrong. I liked Perot and voted for him, in 1992?
That was the most interesting election I have ever seen. To me, Perot was like a breath of fresh air. Too bad he only won 17% of the votes- but had he won, he probably would have been assassinated. Who knows, maybe that's why he turned wishy washy which turned the voters against him.
Greenspan is not the problem per-se.
The REAL issue is the conscious, deliberate choice by the U.S. in 1913 to enslave itself to:
1. Fiat currency (completed by 1933)
2. Fractional reserve lending (practiced by banks for decades prior to the implementation of:
3. The Federal Reserve system(central banking).
Now, these three deadly sins have been amplified and exacerbated by:
a. Securitization (the "dicing and slicing" and subsequent passing off of debt to a greater fool), and:
b. Derivatives (which allow all manner of subterfuge including tax evasion, profit obsfucation, money changing, and other skullduggery).
So, Greenspan was only a cog in a much larger machine, running with the consent of the American sheeple who are absolutely CLUELESS as to how modern-day money mechanics works.
I had just eaten some of that bagged spinach the MSM was saying was so bad. I was feeling a bit queasy. Then Keith posted this, inducing vomiting, and I feel much better.
Thanks Keith.
Of course, Bush gave Greenspan a medal, but CNBC and most of the financial press gave Greenspan a blow job every damn day of the last 20 years while he destroyed our currency and poured fire on the two most massive financial bubbles this country has ever seen.
So, in comparison, maybe the whole medal thing ain't so bad.
"I would have preferred a noose..."
or two...
Of course Mr. Magoo is entitled to the highest civilian honor, just as George "slam dunk case" Tenet was.
Afterall, he did give us his excellent advice about the virtues of securing an adjustable rate mortgage during a period of historical lows interest rates. Really, why lock in at a fixed rate to the security of once in a lifetime low rates when you can expose yourself to the whims of the bond market and the Chinese cental bank.
Next up, Foley will probably receive one for his contributions for helping protect the virtue of our youth...
to tabasco jenkins.
Easy poopsie, sounds like your the one in need of a B.J.!
May i suggest talking to borkafatty...his lips are always moving!
Greenspan left just in time! Now that his house of cards is about to cave in. Sir Alan headed the Federal Reserve when they changed (removed)most sound lending requirements. Everyone sings his praise, but he is ultimately responsible for the "train wreak" that's about to happen! Hold on to your seats folks, it is going to get bad. Do you think he cares?
to tabasco jenkins.
Easy poopsie, sounds like your the one in need of a B.J.!
May i suggest talking to borkafatty...his lips are always moving!
------------------------
Actually its the tongue always moving, just ask your wife.
Freedom is dead in America.
You can be declared an enemy
combatant and held forever
without access to the justice
system.
Enjoy!
The White House Warden
By BRUCE ACKERMAN, professor of law and political science at Yale University
“BURIED IN THE complex Senate compromise on detainee treatment is a real shocker, reaching far beyond the legal struggles about foreign terrorist suspects in the Guantanamo Bay fortress. The compromise legislation, which is racing toward the White House, authorizes the president to seize American citizens as enemy combatants, even if they have never left the United States. And once thrown into military prison, they cannot expect a trial by their peers or any other of the normal protections of the Bill of Rights.”
Read the back of the medal. What does it say? "Made in China".
PS: cut the crap about "fiat currency".
There was plenty of fiat currency in the 19th century. Fractional reserve lending has been around since the Renaissance.
None of the internal financial workings, which have been around in some way for a century, and worked fine during the good times is the problem.
The problem is far simpler, and low level: mortgage fraud. Cheating, stealing and lying.
1) liar loans
2) avaricious appraisals
3) flipper frenzy
not fiat currency or the Federal Reserve.
“BURIED IN THE complex Senate compromise on detainee treatment is a real shocker, reaching far beyond the legal struggles about foreign terrorist suspects in the Guantanamo Bay fortress. The compromise legislation, which is racing toward the White House, authorizes the president to seize American citizens as enemy combatants, even if they have never left the United States. And once thrown into military prison, they cannot expect a trial by their peers or any other of the normal protections of the Bill of Rights.”
----------------------
If we didn't have a fascism worshipping Supreme Court, this would make the law entirely unconstitutional.
Hmm, If we were to lynch all the jewish swindlers in this country (and treasonous bought and paid for polititions), how many millions of feet of rope would we need?
Greenspan cheated every retiree out of their future and enriched himself.
I consider him right up there with Hitler.
The sad thing is old folks dont know that the gov't is who screwed them.
If Greenspan fell over dead this am., I would go to breakfast and have a glass of champagne.
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