- Aug 27, 2008
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Schiff is full of challenges lately. First Krugman, now Greenspan.
Schiff is full of challenges lately. First Krugman, now Greenspan.
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SCHIFF CHRONICALLY PASSES THE BLAME. There are things that Greenspan could do and things that he could not do. Schiff mistakenly thinks that Greenspan was all knowing and deliberately kept interest rates too low for too long. That was not the case, as Alan raised interest rates as he felt they could have an effect on the speed of growth of the economy. Nobody is perfect and nobody is totally clairvoyant. Only Schiff thinks he is. AND he is wrong.
Schiff is one of those low IQ idiots who think their love of a yellow metal is universal. I have no love of gold and no need for it either.
Schiff is one of those low IQ idiots who think their love of a yellow metal is universal. I have no love of gold and no need for it either.
Interesting.
He made me $114,000 last year.
As to Greenspan?
The moment he went before Congress and said the reason he didn't see all this coming was because " I trusted the banks" I KNEW for a fact the guy was a liar.
In that case, I am happy for you. Any investment that pays off handsomely is a good thing. For personal reasons, I do not trust gold as an investment. You did, and you won. Good for you.Schiff is one of those low IQ idiots who think their love of a yellow metal is universal. I have no love of gold and no need for it either.
Interesting.
He made me $114,000 last year.
We also know that none of the hedging or insane gambling would have happened without Sir Alan's unconditional support for deregulation and his hard-right ideological bias for "solutions" like the Bush tax cuts.As to Greenspan?
The moment he went before Congress and said the reason he didn't see all this coming was because " I trusted the banks" I KNEW for a fact the guy was a liar.
That is funny. I had no idea that the banks had cut their throats with all of those insane derivative positions. Did you?
We all knew that the banks would hedge investments with derivatives, but some of them were insanely gambling on the stock market. I seriously doubt that Alan Greenspan was aware that they were doing that.
We did know that Goldman Sachs was manipulating the stock market, but nobody was doing anything to stop them so, it was technically legal as long as laws were not passed declaring that computer operated machine trading program to be illegal.
As to Greenspan?
The moment he went before Congress and said the reason he didn't see all this coming was because " I trusted the banks" I KNEW for a fact the guy was a liar.
That is funny. I had no idea that the banks had cut their throats with all of those insane derivative positions. Did you?
We all knew that the banks would hedge investments with derivatives, but some of them were insanely gambling on the stock market. I seriously doubt that Alan Greenspan was aware that they were doing that.
We did know that Goldman Sachs was manipulating the stock market, but nobody was doing anything to stop them so, it was technically legal as long as laws were not passed declaring that computer operated machine trading program to be illegal.
As to Greenspan?
The moment he went before Congress and said the reason he didn't see all this coming was because " I trusted the banks" I KNEW for a fact the guy was a liar.
That is funny. I had no idea that the banks had cut their throats with all of those insane derivative positions. Did you?
We all knew that the banks would hedge investments with derivatives, but some of them were insanely gambling on the stock market. I seriously doubt that Alan Greenspan was aware that they were doing that.
We did know that Goldman Sachs was manipulating the stock market, but nobody was doing anything to stop them so, it was technically legal as long as laws were not passed declaring that computer operated machine trading program to be illegal.
he's got to have drawn a connection between their leverage and his interest rate and the sheer window volume it precipitated. where could he have possibly thought all that liquidity went? why would he think that they wouldnt get into risky business with all that fiat he printed. ever played monopoly?
We also know that none of the hedging or insane gambling would have happened without Sir Alan's unconditional support for deregulation and his hard-right ideological bias for "solutions" like the Bush tax cuts.As to Greenspan?
The moment he went before Congress and said the reason he didn't see all this coming was because " I trusted the banks" I KNEW for a fact the guy was a liar.
That is funny. I had no idea that the banks had cut their throats with all of those insane derivative positions. Did you?
We all knew that the banks would hedge investments with derivatives, but some of them were insanely gambling on the stock market. I seriously doubt that Alan Greenspan was aware that they were doing that.
We did know that Goldman Sachs was manipulating the stock market, but nobody was doing anything to stop them so, it was technically legal as long as laws were not passed declaring that computer operated machine trading program to be illegal.
This meltdown we're living through with all of its "subprime contagion" and computer trading could never have happened without Maestro's 18 year campaign of deregulation designed to allow a handful of Fat-cat bankers to fatten their bottom lines while sending millions of workers to the unemployment lines.
We also know that none of the hedging or insane gambling would have happened without Sir Alan's unconditional support for deregulation and his hard-right ideological bias for "solutions" like the Bush tax cuts.That is funny. I had no idea that the banks had cut their throats with all of those insane derivative positions. Did you?
We all knew that the banks would hedge investments with derivatives, but some of them were insanely gambling on the stock market. I seriously doubt that Alan Greenspan was aware that they were doing that.
We did know that Goldman Sachs was manipulating the stock market, but nobody was doing anything to stop them so, it was technically legal as long as laws were not passed declaring that computer operated machine trading program to be illegal.
This meltdown we're living through with all of its "subprime contagion" and computer trading could never have happened without Maestro's 18 year campaign of deregulation designed to allow a handful of Fat-cat bankers to fatten their bottom lines while sending millions of workers to the unemployment lines.
easy on the ol geezer. he was definitely a critic of bush and his deficit spending policies. dealing with that bullshit was probably the test of his career.
Again, you do not have the slightest idea what in the hell you are jabbering about. You are dumber than shit and twice as stupid. I bet you that you are FUGLY, too."With the Fed we can go on forever."
If it's true that every Fed purchase of securities since September of 2008 was not offset by selling assets from the Fed's portfolio, define "forever."