brianoh

Greenspan: Still Almost Childlike in His Idealism

As we know, the US is no longer a market economy - stocks are propped up by the Fed. First Greenspan, and now Bernanke. They brag about being students of the Great D. The fact is, markets are much worse (PER) than they were back then - thanks to the Fed. Basically it is theft - from those with cash and those of future generations. Time to abort this banking culture and get back to an efficient economy. Basic economics tells the story - trade deficit, budget deficit, inflation, unemployment, falling real-incomes, falling profits. As a result, the US is heading to become the next fallen empire.