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Greenspan: Patron Saint of America's Affluentocracy »

Posted By populist 2 months, 2 weeks ago in News

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Already six to nine months into the recession, government leaders are still telling us that it is just a period of slow growth, a pit stop in this economic race that we'll eventually win, so worry not, my friend. That explains to us what "garbage numbers" government is using to rose-color the state of the economy in terms of growth, unemployment and inflation. We are probably the most lied-to people by their government on the planet, at least among presumably developed and educated nations.

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Comments So Far: 25
  • 100%
    DoseASpinoza2 months, 2 weeks ago

    And just a few months after leaving the Fed, Greenspan told Financial Times he had moved most of his own money to European investments.....

    Reply

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    • 88%
      populist2 months, 2 weeks ago

      exactly - that means he know what he was doing!!

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  • 100%
    populist2 months, 2 weeks ago

    Here's what Ron Paul had to say about this insane inflation policy in a recent article:

    "Every dollar created and spent by government makes the dollars in your pocket worth less and less. Eventually any currency controlled by government will be debased to worthlessness, and will wipe out the savings of the citizens who put faith in that currency."

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    • 100%
      populist2 months, 2 weeks ago

      Here's another good post - Ron Paul talking about bailouts and the housing industry:

      http://www.propeller.com/story/2008/07/24/would-you-like-to-comment/

      Reply
    • 100%
      quackpot2 months, 2 weeks ago

      And to think that there are a few who actually like the Bush economy. To think that there are a few who support the Bush-McCain policy of:
      --Passing on massive debt to the next generation
      --GREATLY reducing the value of the dollar via massive printing of new money
      --Gifts to the Ultra-rich
      --SPEND SPEND SPEND

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        populist2 months, 2 weeks ago

        unbelievable, isn't it? It's like Keynes was resurrected, telling us how saving is bad, bad, bad.....and still, people claim that Bush is for "free markets"

        The only thing that Bush likes "freedom" in is the freedom to spend this country into oblivion - and never having to take responsibility for it..

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        jordan112 months, 2 weeks ago

        They think the economy is fine, & go along with this massive deficit & the 'rich' having less tax consequence than they have because they don't understand any of this. They live in sound bite land, & go along with the ridiculous assertions that all is just fine because they really can't assimilate what is happening. In short, they hear what they WANT to hear & believe whatever makes them comfortable. The truth is too hard to take.

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      • 0%
        Justice4All2 months, 2 weeks ago

        Bush has destroyed the US economy no doubt. But not everyone has been hurt. I have invested heavily in energy stocks and made a bundle. I moved overseas a few years ago and sold my house so todays falling home prices are good for me because I will be returning to the US in a couple years and will need to buy a house. Also I get paid in foreign currency.
        In spite of profiting from the mistakes of those who supported Bush I still think Bush should be impeached and put on trial for war crimes.

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    • 50%
      MilesAway2 months, 2 weeks ago

      PROPELLER SATINKS.

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        mmrhe2 months, 2 weeks ago

        Let the finger pointing begin!...Wasn't it Greenspan who warned us about the dot com bubble and our current situation?
        He may have been PART of the problem but I don't think we can paint hium as the Darth Vader of our current tragedy

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        • 0%
          Teech2 months, 2 weeks ago

          Greenspan, Bush, McInsane and the rest of the Repukes and Cons have been listening to the old Conway Twitty song from the early 60's:

          "It's Only Make Believe."

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          • 0%
            populist2 months, 2 weeks ago

            too bad they've distorted such a classic, right?

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          • 0%
            Justice4All2 months, 2 weeks ago

            I don't know if anyone agrees. It's hard to tell since my posts just disappear.

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            AnteUp2 months, 2 weeks ago

            I posted an article the DAY PROPELLER CHANGED on David Cay Johnston's
            book, "Free Lunch". Needless to say I think I was the only person who read
            it or voted - frankly, I didn't know how to Share the Story on that fateful day!
            You do not have to be an economist to understand where SEVERAL administrations have been leading us. On page 49 he discusses a predicted migration, in just the next 10 to 20 years, of 40 MILLION American jobs overseas. The estimate was made by Alan Blinder - Vice Chairman of the Federal Reserve under - ta-dum! - Alan Greenspan! He proclaims himself a "free trader down to my toes". Blinder also acknowledges, "If you look backward you see low-skill, drudgery work like call centers. If you look forward you see a lot of professional work like accountancy" going overseas.
            Will Happy Days EVER be Here Again?

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