Greenspan: Ignore The Economy, "Only The Stock Market Matters"
Starting at around 1:50, Greenspan states the odds of sequester occurring are very high - in fact, the playdough-faced ex-Chair-head notes, "I find it very difficult to find a scenario in which [the sequester] doesn't happen" But when asked how this will affect the economy, Awkward Alan is unusually clearly spoken - "the issue is how does it affect the stock market."
While not so many of our leaders have taken the path to direct truthiness, Greenspan somewhat shocks a Botox'd and babbling Bartiromo when he admits "the stock market is the key player in the game of economic growth."
Bartiromo shifts uncomfortably in her seat, strokes her imaginary beard and stares blankly as Greenspan explains that while the sequester will have a real effect on the real economy, "if the stock market can hold up through this, then the effect will be rather minor."
He ends with a couple of wonderful truthisms - data shows that not only are stock markets a leading indicator of economic activity, they are a major cause of it - 6% of the change in the growth in GDP results from changes in the value of stocks and homes. So there it is - if we didn't already know, straight from an old horse's mouth - it's all about stocks!
Fiscal problems? "The problem is so severe at this stage that unless we come to terms with it in a large way, we are running into very serious trouble," but Dr. Greenspan, if stocks stay up, it's all good right? Greenspan's wealth effect meme is all there is...
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Alan was one of 2 things:
a) an incompetent bureaucrat
b) part of the criminal sindicate
either way, he made fools of nearly all of us for 20+ years.
My point is that there really is no he.
He is merely a puppet.
He likely never made a decision on his own and for all we know the Fed minutes are scripted.
correct......you have done your homework well
When I watched this interview yesterday, I couldn't fucking believe what I was hearing. He came out and admitted that the Fed's only intention is to blow more hot air into equities and housing, creating more of a bubble to prove their theory that stock markets are leading indicators and causes of economic recovery.
He is a fool. The Fed is wrong. These people are not "the smart criminals" many here claim. These guys are morons.
Their 'data' on this issue is heavily skewed. It was backed up by 2 things: Reduced lending standards (easy credit), and a military that forced USD policy, both over a 50 year time span.
When you have that type of global control, you can make the stats into anything you want. As China and Russia start to move away from the US dollar, and as this credit-fueled depression brings about more pain (especially to those entering retirement, which he ironically mentions), this economic experiment in goosing fiat will end in a tragedy.
But, tragedies don't happen to policies that are legit, warranted, accepted, and work. Therein lies the proof that these guys are complete fools.
not to mention the butt ugliest pandering blowjob ever conceived
Greenspan is one of very few who dare to say the bitter truth knowing that nothing would change or endanger the position of the syndicate. He could unleash the monetary policy and participate on shattering the gold monetary perception, while at the same time promote it as the only valuable monetary asset as pointed out on several public occasions, unlike Bernanke incessantly tricking people into false beliefs, such as 'gold tradition' or 'non-inflationary QE measures'. Greenspan has no problem to say openly the government and presidents are, in fact, irrelevant much like to emphasize the importance of stocks or housing whenever the clan is planning so. Those who want to listen could find truth between the lines even though mixed with lies. The puppets around him, if not so corrupt, scared or fooled, could have hooked into development of some good ideas he tacitly offered to them.
He's certainly not a puppet; he's higher in the hierarchy. Say, an agent.
The problem with Grinspin is
that at one point we all have to
make money and so, although he's
been bullshitting each and everybody
for quite some time, he still wins
and thos who keep on betting on justice
and sanity will lose. Forget about the
long awaited monetary disaster. Its so
not going to happen!
Did anybody end up in jail for what
they did before 2008? No, of course not!
This is the US !!
Riiiight... cuz math has been rescinded in the new normal. Where exactly did you go to get that free lunch?
You're still in Gold, right?
Send me your wife, I'll find
a job for her while you fart
at home into your pillows... :-))
Not only are you a moron, you're a disrespectful troll hiding.
My thought also, but I'm not sure how recent an event it was.I think he had early
onset sometin in his fifties.It would explain a lot.
He has always been like that. As Art Laffer used to say (barely paraphrasing): "The only question I have about Greenspan is when he is talking will his drool will hit the table or floor first?"
Lord, can you imagine (I'm sure you can't) having to look up and see that slobbering/dripping wrinkling face peering down at you? I shutter to think what that hangnail hag Andrea Mitchell thinks when looking up? I think I'd vomit...
JFC, the madness (and sadness) in this man is so apparent - complemented nicely by an infinitely-befuddled and cracked-out Bartiromo. I am using this as my new addition to show plainly to my industrious but blind friends the insanity of our central planning. It is there if you tell them to really watch: both of them. So obvious, a caveman can see it.
Edit: Remind yourselves, this is a man that once said something about irrational exuberance and the markets swooned. He has dropped the double-speak and is full-tilt admitting that we are fucked.
Add this to the central planning list.
http://globaleconomicanalysis.blogspot.com.au/2013/02/hot-air-and-no-sub...
"He has dropped the double-speak"
"not only are stock markets a leading indicator of economic activity, they are a major cause of it" (hmm, and I suppose, "tails are notorious wag-ers of dogs")
I wouldn't say he's dropped much, sunaj
How do you folks like being referred to by the ~MASTER OF THE UNIVERSE~ as a "consumer". That's all you are in his mind (besides being a slave), you are a CONSUMER.
"Consume more you fat bitch. Eat it and love it. More, more, MOAR!".
As I have taken steps to prepare for the Great Fucking Transition (GFT), I have come to know the Farm Service Agency. In educating myself in their programs and their central-planning psyche, I was a little creeped-out by their use of the terms "consumer" and "producer", justifying their self-described raison d'etre. I like some of their "producer" resources, but I am sick at the feeling I get when I realize I was considered only a "consumer" by my government for the vast majority of my life.
Long Live The Republic?
I am sick at the feeling I get when I realize I was considered only a "consumer" by my government
useless eater ........ feel better now
The only way he can now feel somewhat significant is to be purposefully shocking.
Break this horses leg so I can shoot him.
and his Big Nose wife Andrea Mitchel of MSLSD fame
Greenspam, the greatest ever? Bigger than The Bernank?
pound for pound. with stronger physical resemblance to break any possible tie.
Greenspan: "Ignore the economy"
Zorba: "Ignore Greenspan"
99% of "evil jew bankers" give the rest of them a bad name.
And yer the Nazi filth that gives Nazi filth a bad name.
Fuck you.
No Fuck you Goebbels!
Current FED balance sheet holding:
Some of the Items I see
Gold stock 11,041 0 0 11,041
What? FED holding GOLD stock? Interesting. Any highlights?
Source: http://www.federalreserve.gov/releases/h41/Current/
"10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Feb 13, 2013 Federal Reserve notes outstanding 1,379,246 Less: Notes held by F.R. Banks not subject to collateralization 256,247 Federal Reserve notes to be collateralized 1,122,999 Collateral held against Federal Reserve notes 1,122,999 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,106,762 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 2,812,756 Less: Face value of securities under reverse repurchase agreements 76,666 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 2,736,090 "GOLD Certificate Account... Interesting.. So Ben While talking "gold is Relic " Open Gold Account. :)))
Wasn't he the guy thyat said, "whoops?"
The situation of his birth or his ancestry has nothing to do with this discussion: you should limit yourself to speaking of the man's opinions and judgement. To do otherwise tells us more about you than about him.
Many posts here are far, far beyond the pale.
He is telling you the game. Its ALL about CONtrolfidence. Without it they have nothing behind the newly printed fiat. Fiat REQUIRES the bluff. If they lose the bluff they lose the game. Good luck with the bluff trying to give the middle class their jobs back.....at least anywhere near their previous wage levels. Of course if you still have your jobs then you don't see it, but we've been in full depression for four years. Just ask the 22% unemployed.......not the faux number of 8%. GL fellow peeps....we're cannon fodder for their amusement.
Here's the thing. Even if the stock market matters for confidence (and that is debatable, he mentioned something like stocks PLUS housing correlated to 6% of GDP), that still does not mean that the Feds should actually manipulate the market to achieve that result. WTF have we come to? I mean even 5 years ago, polite people looked at you as if you had bunny ears if you really seriously thought the Feds might be controlling stocks, and here we are less than 100 months later and it is taken as routine and unremarkable?!? For christs sake WTFF?
The scumbag wants more QE for his buds on Wall Street.
How much did that shrivelled troll get paid to come out of his cave/hive/whatever to spew that? Fucking shit-bag. Maria's voice gives me a rash and that was the most ridiculous "interview" i've seen since i-dont-know-when. You are absolutely right and I am ABSOLUTELY SICK of it.
+1 He'speaking to and of the 1%. The stock market IS the only 'economy' that matters to them. The rest of society is immaterial to them. They don't give a fuck if the 'little people' who pay taxes suffer.
"He is telling you the game. Its ALL about CONtrolfidence"
I just voted "no confidence" and stacked more silver.
Silver For The People
http://www.brotherjohnf.com/
WB a couple of weeks ago I told you we'd be hearing from Greenspan. What a terrible affliction to be able to sense when Dr Economic Death is on humanity's doorstep once again doling out his twisted douchebagery. I guess destroying an economy once is never enough. I have to admit i feel sorry for moe.
The Greenspan Effect: Allow a douchebag moron to continue to appear on TV and publish books and he won't keep his fucking trap shut.
But people want to watch him and Cramer. An old saying says, that people get the leaders they deserve.
He should be spending time with bubba in a prison cell.
Damn you Banzai - you slander Mo
That shit will not go unpunished.............
In the midnight hour, she cried MOE MOE MOE!
Pure Evil!
When most of your wealth, and most of the wealth of the people you are talking to, is wrapped up in stocks and bonds, this statement sort of makes sense. At least from a perspective anyway.
Agreed. That is just downright fucking alarming...
holy shit, that's an actual +256. I saw that +100 icon guy here & there and figured it was another one.
Good show.
Good thing AAPL is at all time highs!
oh wait....
Good thing the Stock market isn't affected by stocks!
But, we are near highs in many indices and other individual stocks. I am a lousy preditor of the future, but it looks to me like lightening up on stocks (if you were smart enough to buy when they were lower) might be a smart move now.