Here are a few quotes from Alan Greenspan's latest book The Map and the Territory.
For those of you who may have forgotten, he is the former Chairman of the Federal Reserve of the United States a position he held from 1987 to 2006. He served under 4 presidents and was, early in his career, considered something of an economic guru, a one time media "rock star".
For those of you who may have forgotten, he is the former Chairman of the Federal Reserve of the United States a position he held from 1987 to 2006. He served under 4 presidents and was, early in his career, considered something of an economic guru, a one time media "rock star".
He arrogantly still sees himself a guru and doesn't take any responsibility for the bubbles and financial crises created during his tenure or the financial mess he left behind ... which has since been multiplied many times over by "Helicopter Ben".
In his book he states "conventional method of predicting macroeconomic developments. . . had failed when it was needed most, much to the chagrin of economists." In simple English ... we didn't have a clue what the consequences of our decisions would be.
He blatantly admits that the 'science' they rely on to make decisions is fundamentally flawed. Going on to state that "virtually every economist and policymaker" (include Bernanke) completely missed the warning signs.
The warning for you comes from John Maynard Keynes, the godfather of their economic models himself, who wrote:
"The process [of debasing the currency] engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
Politicians rely on people like Greenspan and Bernanke (and every other central banker lackey in the world) for their own personal political agendas ... not to protect you.
Have you prepared your own protection agenda? Are you following it?
Have you prepared your own protection agenda? Are you following it?
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