"the biggest heist in the history of the planet,"

[donsu]

http://onlinejournal.com/artman/publish/article_304.shtml




No one has done more to ensure the ultimate demise of the American middle class than Alan Greenspan.

No one.

-snip-

In just under five years the Fed master has engineered a coup so vast and devastating that $1.3 trillion of borrowed revenue has been adroitly shifted from the beleaguered middle class to the privileged 1 percent that Greenspan represents.

-snip-

It is the biggest heist in the history of the planet, and it was designed and executed within the leather-bound citadel of the Federal Reserve.

-snip-

Greenspan was a key player in facilitating the Iraq war, pushing interest rates to their lowest level six months before the war to keep the economy on life-support, while the propaganda campaign burst from the front pages of the New York Times and the Washington Post.

It worked like a charm.
-snip-
--------------------------------------------


charms are a two way street


Greenspan the traitor; may he live long enough to go to prison

[stepnw1f]

1. Bravo......

It's time to call out all these fascist criminals, and then hold them accountable.

[orwell]

2. Couldn't Agree More...

...But Greenie was just another in a long line of Fed Chairman who have propped up the empire with cheap money. The debasement of your purchasing power is the great untold scandal of the 20th century. It undermines the social fabric in a myriad of ways, transferring/conferring power to a small group of global elites who control the bulk of the worlds assets.

Money for nothing and the pricks go free.

[indepat]

3. Have proffered countless times that Greenspan name will live in infamy

forever more.

[Fabio]

4. I disagree with a major premise here.

Greenspan, and the Fed, control monetary policy -- ie the money supply in the economy -- primarily through the lever of controlling the prime rate.

Greenspan has no relationship to the tax policy of this government, or the trade policy. It is my belief that inequitable tax and trade policy (and health care costs) have affected the middle class far more than anything.

To point, during Clinton's and Greenspan's tenure, middle and lower class real incomes expanded and we had good job growth. During Bush, I dont even need to say.

Nonetheless, I think there is a morsel of truth to the argument that Greenspan is an enabler of the Bush economy -- especially as he has allowed greater and greater amounts of debt to fall on to future generations without letting interest rates perform to market (ie to every consumer, business and most other countries around the world, universal rules apply: the more you borrow, the more your interest rates rise (especially if your income stream is falling as it is here in the US)).

[warrens]

5. It's the entire GOP

He didn't pass the tax cuts, he didn't change the IRS rules, etc. Pinning it on Greenspan lets the GOP thugs off the hook, and they are way more to blame.

[Fabio]

6. agree