It has been a continuous confirmation over his tenure, of what the Austrians/libertarians have long understood, that Greenspan's policies would get us into trouble. We're now in stagflation and the potential ways out are going to be very catastrophic for many in our society. Granting a Central Bank and the monopoly power it allows, to a group of wealthy bankers is so contrary to the individual rights of a free market society that one could classify him, not as an idiot, but an old fool. He sold-out to the monetary interest, as many of us knew long ago and he and his cronies will hopefully be credited, this time, with the greatest fraud in world history. The sooner we abolish the Fed, the sooner the world will be able to recover. His acquiescence toward the real problems caused by Keynesian monetary policy and involvement in its operation proves his guilt. 

The facts are, the U.S. government spends way too much money, it’s way too large, and to “truly” create “sustainable” jobs, not just more government jobs, we must lower taxes for the majority and cut government spending, sometime soon. The longer we wait, the more painful and difficult it will be. Because we have not done this sooner is the primary reason we are in the dire economic position we are today. Thinking that there is another way out of this, when it is excessive taxation and regulation that got us into this mess, is not being intellectual honest or rational and anyone who says anything to the contrary is an fool like Greenspan.

Jamie Dimon, CEO off JP Morgan Chase stated just today that we have the most powerful military in the world, as if this is really a good thing and therefore we are the greatest nation in the world. He is correct, we spend more on defense spending than the top 17 spenders in the world “combined” including Germany, France, Australia, Russia and China, but that is not what makes a nation great. Either these other countries are not paying their fair share or they have figured out that there is no real need to spend that much.  Why are China, So. Korea, Japan and other nations in that region, not as worried about nuclear weapons in No. Korea, as we are?  Are our leaders really a bunch of paranoid schizophrenics, as they appear or is it a coordinated means of transferring wealth from the Citizens of our Country to a small group of very powerful people? Why have the Citizens of the other countries around the world, pay for more defense when we can get the stupid American taxpayers to pay for it or is it that they understand that the world does not need anywhere near the level of military defense the U.S. has. The majority in the U.S. are taxed and regulated into poverty so that the ruling oligarchs can have power and influence around the world?  Does it really benefit the majority?   

We are being taken advantage of by the military industrial complex, many politicians and central bankers all in collusion to divert you hard earned money into defense spending so that they can make huge profits from this redistribution of wealth that has killed, maimed and bankrupted millions.  Try bucking the system and see what these people can do. That doesn’t mean we collectively cannot stop them by abolishing the Central Bank and cutting off revenues, but Americans, I find generally don’t have any real passion or perseverance for the truth and hide behind things like religion, apathy and stupidity rather than to fight corruption. They’ll put it off on the next generation rather than do anything constructive.

The military industrial complex as Pres. Eisenhower warned, is literally bankrupting our people and our government all in the name of power and influence and most don’t give a crap and the Central Bankers control the monetary components of the process, so yes Mr. Greenspan you are not only an old fool but have contributed to the probably economic collapse of an entire nation.