World

Greenspan... mea culpa... almost!

by Maireid Sullivan | October 28, 2008 at 08:16 pm

97 views | 16 Recommendations | 8 comments

English economics journalist Fred Harrison is brilliant! Visit his website and read his books if you want to understand how we got into this mess. ...and how we can get out!

(See Michael Grynbaum's report, "Greenspan Concedes Error on Regulation" here, on Now Public.)

For 18 years, investors hung on his every word. As Chairman of the US Federal Reserve, Alan Greenspan could move markets. A slight inflection of the voice, a hint of this or that, and the price of shares shot up or down. This was the Master of the Universe. Our universe. He strutted his stuff as if he knew what he was doing. And yet…In his self-serving memoirs, Greenspan claimed that the problem was with the theoretical models they used. He wrote: “The models never forecast recession, because the parameters are dominated by what happens in normal times when the economy is growing”.

What’s “normal”?

The tools used by Greenspan were useless. Like the weather forecasters, they told us the obvious – the sun’s shining (look through the window)…the economy’s growing (look at the flow of people through the shopping malls).

But now we are given a glimpse into the tortured mind of this soul. He is shocked by the collapse of the banks. His work-view is in pieces. “I made a mistake in presuming that the self-interest of organisations, specifically banks, is such that they were best capable of protecting shareholders and equity in the firms…I discovered a flaw in the model that I perceived is the critical functioning structure that defines how the world works”.

This is mea culpa with knobs on! And yet, he would only admit to “partial” blame. He was more interested in telling the US Congress about his state of mind: “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity (myself especially) are in a state of shocked disbelief”.

Where’s the Apology Alan?

But bankers were looking after their interests. They ran riot over the money system because central bankers like Greenspan - the stewards of the public’s welfare - failed to discharge their responsibilities.

Greenspan may be suffering from shock. Many millions of others are suffering something far more substantial – losing their homes and jobs. And all this because one man - Alan Greenspan - clogged his mind with damaging doctrines that do not reflect the real world.

Wouldn’t it be uplifting if this man offered an apology without qualification? That would enable us to start living properly by embracing sensible economic policy. Any takers?

0 See all footage | View Slideshow

Share: email story | add to any | | facebook | stumbleupon

recommend This comment thread is now closed

BallyZACA

flagged this story as Good Stuff

at 10:28 on October 29th, 2008

Maireid Sullivan, I like this story. It's good stuff.

Maireid... In the upper banking circles at the highest levels of governments Mssrs. Greenspan is what is known as a "Court Jew" (German: Hoffaktor, Jewish bankers and businessmen) that invested and controlled the funds the Monarchs were unable or above having to deal with. The CJ's were used by the Royals throughout <?xml:namespace prefix = st1 />Europe; some famous names come to mind… Meisel, Bassevi, Behrends and Rothschild’s to name a few. And they still perform their services today bringing with them all the “Intrigues of the Court Jews” conspiring as they have done among themselves to create wars, finance armies, and transfer wealth, of the nations whom they represent.

It’s an interesting subject that isn’t well known or even discussed. Greenspan and his language “Greenspeak” was a major manipulator of markets and wealth… and definitely a Roundtable(‘er), a puppet to a higher power across the pond.

-END-

Maireid Sullivan

at 15:15 on October 29th, 2008

Absolutely fascinating, BallyZACA. Please tell me more! It makes sense –considering the 'entanglements' of Zionism and banking.

BallyZACA

at 08:44 on October 30th, 2008

Good place to start as to their activities from the 19th century forward would be to get a copy of Carroll Quigley's book "Tragedy and Hope." The 1st edition was not widely distributed as the publisher removed it from the selves of bookstores. Basically, it was (of my opinion, and others) a banned book, replaced by the 2nd edition, whereas, many of the statements within the 1st edition had been removed. To prove my point you can go to www.amazon.com and locate the book - $37.50. Then check the resales! Currently there are 2 of the 1st edition offered at $425 - $450!

http://www.radiobergen.org/powergame/tragedy.html

Then research Cecil Rhodes, the man the British colony was named after, i.e., Rhodesia, renamed Zimbabwe in 1980. Then check where it all began to change direction, the year 1891, location an address on Picadilly Circus, where the establishment of the "Rountable Group" and their "Plan" was established. The "Plan" has NOT changed in its objectives since its conception. Then check the percentages of Anglophiles that sit on the board that is responsible for the development of US foreign policy (CFR, or Committee on Foreign Relations), and you should come to the conclusion that possibly US foreign policy isn't being run from the US, but instead from London.

And then you can tie it all together with the Court Jews and how they over the decades have interfaced with the Roundtable('ers). Good reading and good searching. The more you learn the less we really know -- Enlightment, what is it?

-END-

Maireid Sullivan

at 16:55 on October 30th, 2008

And, then, BallyZACA, hoards of commentators point to the "illuminati" when referring to the same conniving elites –that illusive cast of characters, all playing lead roles. It has become a vast multi-level conspiracy theory, like a pyramid scheme–that goes on and on overlapping one theory with another. ...because each of us only holds a few pieces of the puzzle, but we are so fully enthralled with out own overview, our own perspective, our own inevitable projections on the endlessly enthralling 'game', – "the theory of everything". The art of managing this 'investigation' without endangering one's health, with the 'acidosis' that comes from stress, –conflict and fear, etc., is to step way back to get a better overview. To that end, I like to think, "I am very polite when I project my inevitable projections on infinite intelligence."