Greenspan #Timestamped – ‘Dow 16,000 Is Not A Bubble’

Greenspan #Timestamped – “Dow 16,000 Is Not A Bubble” (ZeroHedge, Nov 27, 2013):

The maestro clarifies his ‘experienced’ perspective of spotting bubbles in the following quote from his interview with Bloomberg TV’s Al Hunt:

“This does not have the characteristics, as far as I’m concerned, of a stock market bubble,”

Of course, as we noted here, some would beg to differ; but perhaps what would be useful is for the former Fed head to explain what ‘characteristics’ do constitute a bubble…

Nope, no bubble here…

And here’s his explanation…

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Peter Schiff Warns Yellen’s Nomination Means Any QE Taper Expectations Are “Delusional”

Peter Schiff Warns Yellen’s Nomination Means Any QE Taper Expectations Are “Delusional” (ZeroHedge, Oct 9, 2013):

Submitted by Peter Schiff via Euro Pacific Capital,

Now that Janet Yellen has been named to lead the Federal Reserve the global financial markets should factor out any possibility that the Fed will diminish their Quantitative easing program anytime during her tenure. In fact, financial forecasts should assume that not only is a taper off the table, but that the QE program is now more likely to be perpetuated and expanded.

Unlike her predecessors, Janet Yellen has never had a youthful dalliance with hawkish monetary ideas. Before taking charge of the Fed both Alan Greenspan, and to a lesser extent Ben Bernanke, had advocated for the benefits of a strong currency and low inflation and had warned of the dangers of overly accommodative policy and unnecessary stimulus. (Both largely abandoned these ideals once they took the reins of power, but their urge to stimulate may have been restrained by a vestigial bias against the excesses of Keynesianism). Janet Yellen, who has been on the liberal/dovish end of the monetary spectrum for her entire professional career, has no such baggage. As a result, we can expect her to never waver in her belief that stimulus is the answer to every economic question.

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Fed’s Charles Plosser Admits Fed Was Responsible For Last Housing Bubble, Doesn’t Want To ‘Create Another’

Fed’s Plosser Admits Fed Was Responsible For Last Housing Bubble, Doesn’t Want To “Create Another” (ZeroHedge, July 12, 2013):

The “mutinying” half of the Fed – that which the FOMC minutes indicated wanted an end to QE by the end of 2013 – is not going to take Bernanke’s Wednesday steamrolling lying down. Enter Charles Plosser, who becomes a voting member next year:

  • PLOSSER SAYS FED SHOULD HALT QE BY END OF THIS YEAR

Good luck there. But here is the punchline:

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1994 Vs 2013: Spot The Carbon-Copy Similarities – ‘It Can’t Happen … It Can’t Happen … It Can’t Happen … It Just Happened’

1994 vs 2013: Spot The Carbon-Copy Similarities (ZeroHedge, July 9, 2013):

The only thing that is necessary for something to happen, is for everyone to say it can’t possibly happen. Such as a carbon copy replica of the 1994 bond crush. Presenting: 1994 vs 2013, or as it is better known “It can’t happen… It can’t happen…It can’t happen…  It just happened”

And some rather spot on commentary on just this from Guggenheim’s Scott Minerd, who just like us, sees the inevitable outcome of the upcoming taper (which is coming), as the untaper, i.e., even moar printing by the Chairman (or woman as the case may be in 2014).

From Guggenheim‘s Scott Minerd

The Fed’s Bind: Tapering, Timetables and Turmoil

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ABNORMALCY BIAS

“The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.”
Aldous Huxley – Brave New World Revisited

“If you want a vision of the future, imagine a boot stamping on a human face – forever.”
George Orwell

“There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution.”
Aldous Huxley, 1961

ABNORMALCY BIAS (The Burning Platform , May 9, 2013)

Alan Greenspan: Ignore The Economy, ‘Only The Stock Market Matters’ (Video)

You can’t make this stuff up!


Greenspan: Ignore The Economy, “Only The Stock Market Matters” (ZeroHedge, Feb 15, 2013):

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.”

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Bloomberg: Is Inflation The Legacy of the Federal Reserve? (Video)


YouTube Added: 17.01.2013
Description:

Jan. 17 (Bloomberg) — In today’s “Single Best Chart,” Bloomberg’s Scarlet Fu displays how inflation has increased in the 100 years since the creation of the Federal Reserve. She speaks on Bloomberg Television’s “Bloomberg Surveillance.”

Peter Schiff: ‘The Economy Is Not Recovering At All’ (The Bubble Film Interview)


YouTube

Marc Faber’s 50 Minute Lecture On Virtually Everything: ‘Keynesians Like Paul Krugman Should Go And Live In North Korea’ (The Bubble Film Interview)

Marc Faber: “Paul Krugman Should Go And Live In North Korea” (ZeroHedge, Dec 13, 2012):

If there is one thing better than Marc Faber providing a free, must-watch (and listen) 50 minute lecture on virtually everything that has transpired in the end days of modern capitalism, starting with who caused it, adjustable rate mortgages, leverage, why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing, Operation Twist, where the interest on the debt is going, which bubbles he is most concerned about, a discussion of gold and silver, and culminating with his views on a world reserve currency, is him saying the following: “The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn’t intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea.” Priceless.

50 minutes of Faberian bliss:


YouTube

Have The Last 5 Years Been Worse Than The Great Depression?

AGAIN: This is the ‘Greatest Depression’.


Have the Last 5 Years Been Worse than the Great Depression? (ZeroHedge, Sep 21, 2012):

What Do Economic Indicators Say?We’ve repeatedly pointed out that there are many indicators which show that the last 5 years have been worse than the Great Depression of the 1930s, including:

Mark McHugh reports:

Velocity of money is the  frequency with which a unit of money is spent on new goods and services.   It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling).  In a healthy economy, the same dollar is collected as payment and subsequently spent many times over.  In a depression, the velocity of money goes catatonic.  Velocity of money is calculated by simply dividing GDP by a given money supply.  This VoM chart using monetary base  should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:

In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression.

(As we’ve previously explained, the Fed has intentionally squashed money multipliers and money velocity as a way to battle inflation. And see this)

Indeed, the number of Americans relying on government assistance to obtain basic food may be higher now that during the Great Depression.  The only reason we don’t see the “soup lines” like we did in the 30s only because of the massive food stamp program.

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The Bill Clinton Myth

The Bill Clinton Myth (ZeroHedge, Sep 9, 2012):

Earlier this week, former U.S. president Bill Clinton gave the keynote address to the Democractic National Convention in an effort to lend some of his popularity to Barack Obama.  With the unemployment rate still stubbornly high at 8.1%, Obama has lost many of the enthused voters who put him into the Oval Office in 2008.  Clinton was tapped to deliver the speech not only because of his image of a wonkish pragmatist but because of his presiding over the booming economy of the late 1990s.  Like a prized mule, Clinton was dragged out to give Democrats someone to point to and say that his policies were the hallmark of smart governance.

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GAO Audit Of The Federal Reserve Reveals $16 TRILLION In Secret Bailouts

From the article:

Comment: It’s not “socialism for the rich”; that’s an oxymoron.

It’s corporatism, i.e. fascism, as defined by Benito Mussolini.


Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts (Sott.net, Sep 1, 2012):

The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out.

Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.

What was revealed in the audit was startling:

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Verified Warnings From Former U.S. Presidents About The ‘Invisible Government’ Running the U.S.

Verified Warnings From Former U.S. Presidents About the “Invisible Government” Running the U.S. With “No Allegiance To the People” (Conscious Life News, Aug 31, 2012):

Those who do not learn from history are doomed to repeat it.”- George Santayana

Past presidents of the United States and other high profile political leaders have repeatedly issued warnings over the last 214 years that the U.S. government is under the control of an “invisible government owing no allegiance and acknowledging no responsibility to the people.”

According to a half-dozen of our former presidents, one vice-president,  and a myriad of other high profile political leaders, an invisible government that is “incredibly evil in intent” has been in control of the U.S. government “ever since the days of Andrew Jackson” (since at least 1836).  They “virtually run the United States government for their own selfish purposes. They practically control both parties… It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.”

As a result, “we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

The sources for the above quotes (and more) are listed below. All of the quotes listed in this article have been verified as authentic and have associated links to the source materials.  Also included below are statements made by David Rockefeller, Sr, former director of the Council on Foreign Relations (CFR), and Federal Reserve Chairman’s Alan Greenspan and Ben Bernanke that appear to confirm some of the warnings.

Warnings About the Invisible Government Running the U.S.

The warnings listed below, which appear in chronological order, began with our first president – George Washington.  The last president to speak out was JFK, who was assassinated.    Read what they and other political leaders have said about the invisible government.


George Washington wrote that the Illuminati want to separate the People from their Government

“It was not my intention to doubt that, the Doctrines of the Illuminati, and principles of Jacobinism had not spread in the United States. On the contrary, no one is more truly satisfied of this fact than I am. The idea that I meant to convey, was, that I did not believe that the Lodges of Free Masons in this Country had, as Societies, endeavoured to propagate the diabolical tenets of the first, or pernicious principles of the latter (if they are susceptible of seperation). That Individuals of them may… actually had a seperation [sic] of the People from their Government in view, is too evident to be questioned.” – George Washington, 1st President of the United States (1789–1797), from a letter that Washington wrote on October 24, 1798, which can be found in the Library of Congress.  For an analysis of Washington’s warning, see the article “Library of Congress: George Washington Warns of Illuminati

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Peter Schiff Exposes And Destroys Fed Chairman Ben Bernanke (Video) … ‘The Collapse Is Coming Soon’


YouTube Added: 28.05.2012

‘Trillion Dollar Terror Exposed’: ‘Bush, Fed, Europe Banks in $15 Trillion Fraud, All Documented’ (Veterans Today)

Related:

Transcript and video (and link to a speech by Lord James of Blackheath on Foundation X in 2010) here:

Lord James Of Blackheath, House Of Lords, February 16, 2012 (Video): FOUNDATION X UPDATE!!!

Looks like this is going viral now …



LORD JAMES OF BLACKHEATH, EXPOSING “TRILLION DOLLAR TERROR”

Intel Exclusive: Trillion Dollar Terror Exposed (Veterans Today, Feb. 21, 2012):

Bush, Fed, Europe Banks in $15 Trillion Fraud, All Documented

Below is one of the strangest stories in financial history, one involving the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totalling $15 trillion.  The video, from the House of Lords, is amazing in itself.

What it doesn’t express is where the money came from though Lord James of Blackheath proves conclusively that an effort was made to say it came from a gold reserve in Brunei that, in fact, never existed.

At surface, it appears we have stumbled upon the largest terrorist organization in the world and have found original documents tracing its funding to the Secretary of the Treasury and the Chairman of the Federal Reserve, two of the top financial officers in the US.  A cursory review of terrorism statues in the US indicate that all transactions we will learn about are, in fact, to be assumed “terrorist money laundering” and that the only thing preventing the immediate arrest of hundreds of top financial officials is their political connections alone.


YouTube Added: 17.02.2012

We will be able to offer an alternative, more insights, some hard intelligence and some very valuable background that we hope will offer insightful and realistic perspectives on this amazing story.

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Lord James Of Blackheath, House Of Lords, February 16, 2012 (Video): FOUNDATION X UPDATE!!!

Highly recommended!

Flashback:

Nov. 1, 2010: Lord James of Blackheath, Speech on Foundation X (House of Lords, 01/11/2010) (Video)



YouTube Added: 17.02.2012

Description:

Lord James of Blackheath, House of Lords February 16 2012

Breaking news Lord James of Blackheath has spoken in the House of Lords holding evidence of three transactions of 5 Trillion each and a transaction of 750,000 metric tonnes of gold and has called for an investigation.

http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm:

16 Feb 2012 : Column 1016

5.20 pm

Lord James of Blackheath: My Lords, I hope the minute that that has taken has not come off my time. I do not wish noble Lords to get too encouraged when I start with my conclusions but I will not sit down when I have made them. I will then give the evidence to support them and, I hope, present the reasons why I want support for an official inquiry into the mischief I shall unfold this afternoon. I have been engaged in pursuit of this issue for nearly two years and I am no further forward in getting to the truth.

There are three possible conclusions which may come from it. First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.

In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in the United Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5 trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland. We need to look to where this came from and the history of this money. I have been trying to sort out the sequence by which this money has been created and where it has come from for a long time.

It starts off apparently as the property of Yohannes Riyadi, who has some claims to be considered the richest man in the world. He would be if all the money that was owed to him was paid but I have seen some accounts of his showing that he owns $36 trillion in a bank. It is a ridiculous sum of money. However, $36 trillion would be consistent with the dynasty from which he comes and the fact that it had been effectively the emperors of Indo-China in times gone by. A lot of that money has been taken away from him, with his consent, by the American Treasury over the years for the specific purpose of helping to support the dollar.

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Thrive (Documentary – Full Length)

For your information.

The elitists vs. the people.



YouTube Added: 13.11.2011

For more information: Thrive

The Cure For The Housing Market: Alan Greenspan: ‘Buying The Homes And Destroying Them Or Burning Them Was The Low Cost Option’

And don’t forget to ask Greenspan for his solution regarding social security, medicare, medicaid and unemployment …

… or even overpopulation.

Remember that Alan Greenspan is THE ONE who created this mess in the first place.


Peter Schiff on Alan Greenspan:

‘Alan Greenspan is not just the worst Fed chairman we’ve ever had, I think he’s the worst American we’ve ever had.’

‘Alan Greenspan is a TRAITOR to everything America stands for.’


YouTube


Now listen to the TRAITOR…


The Key to Fixing the Housing Market? (CNBC, Oct. 7, 2011):

Transcript:

buying homes and destroying them or burning them was the low cost option. i could demonstrate that at the time i made that statement of all of the alternatives that were available, had the united states government taken all of those units off the market, and really prevented prices from falling as sharply as they did, the net effect would have been far less own russ than what we have run into. so, yes, that particular strategy in retrospect, especially, turns out to have been the low cost strategy. does that mean it is viable politically? absolutely not.

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