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Flashback 8/7/2011: David Gregory: "Are U.S. treasury bonds still safe to invest in?" Alan Greenspan: "Very much so. This is not an issue of credit rating..the United States can pay any debt it has because we can always print money to do that, so there is zero probability of default."

Now, let me set it up. Andrea Mitchell, NBC News, Washington, married to Alan Greenspan. Every day at their house is Halloween when one of them smiles. (laughing) Did I say that? (laughing) Excuse me. Anyway, she goes back many, many moons. She's been at NBC News before... I think I was a teenager and she was with NBC News Washington. (sigh) Anyway, she's totally devoted to Hillary. (snip) MITCHELL: (whispering) They were very protective of her and the reason was they were hurting because -- not only because she lost and she's in pain. They're in pain. CHUCK TODD:...

Jerry Powell apparently doesn’t get it. The new head of the Federal Reserve isn’t supposed to imply that he doesn’t work for Wall Street. And he’s not supposed to say, as he did the other day in front of Congress, that “we don’t manage the stock market — we manage stable prices and maximum employment.” That’s not what Wall Street and the stock market want to hear. And that was proven by the fact that the stock market dropped sharply on Tuesday when Powell was speaking. And Powell’s comments were one of the reasons Wall Street’s pros couldn’t get a...

May 31, 2016 Jeff_Berwick It seems barely a day passes now without some big name person warning of imminent collapse. The latest is Alan Greenspan. In an interview on Thursday he told Fox News that Venezuela is now under martial law and that “America is next.” He said that what was happening in Venezuela was inevitably going to take place in the US. I agree with this. In fact, we said this exact thing just last week with our article, “Venezuela Descends Into Chaos… Europe and US Next.” Funny enough, a few brainwashed sheeple said we were crazy for saying...

Half-baked Barbara By John McCaslin October 7, 2005 It's not easy being the master of ceremonies for a roast when half of the roasters don't show up. Ask political commentator Mark Shields, who found himself in that uncomfortable position Wednesday evening as the Spina Bifida Association attempted to put TV personality Barbara Walters in the "hot seat" at the Hyatt Regency Washington. "This is more like a bake-off," a visibly embarrassed Mrs. Walters said after the roasting, expressing disappointment that Sen. Hillary Rodham Clinton of New York and fellow roaster Sen. Mary L. Landrieu of Louisiana were no-shows. As it...

Alan Greenspan, former chairman of the Federal Reserve, said a Social Security Trust Fund does not exist and that the U.S. is “way underestimating” the size of its national debt. “The notion that we have a trust fund is nonsense – that trust fund has no meaning whatsoever except for the fact as an all private fund to benefit programs, if it runs out of money, you can only pay out in cash flows that come in but the probability that will happen is not particularly high,” Greenspan recently told the Fiscal Summit held by the Peter G. Peterson Foundation,...

The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone. He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy. Greece wants to re-negotiate its bailout, but Mr Greenspan said "I don't think it will be resolved without Greece leaving the eurozone". Earlier, UK Chancellor George Osborne said a Greek exit would cause "deep ructions" for Britain. Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe (Greece) will eventually leave. I don't think...

Former Federal Reserve chair Alan Greenspan published a mighty interesting article in Foreign Affairs last week. He said that China could be thinking of increasing its gold stocks in a big way. Perhaps, Greenspan implied, the Chinese even have a thought of making their currency, the RMB, convertible in gold. The episodic article went on to discuss how strange it is that the big fiat-country countries, from the United States on, maintain their multi-hundred-billion-dollar gold stocks. They never want to sell, for all the trashing of gold-as-money from the wonks, economists, and serious statesmen. When gold prices are low (which...

Will somebody please explain to me how rising inflation is somehow going to extricate us from the tepid economic recovery? I don't get it. It used to be hypothesized that low inflation was the key to high economic growth. For everybody in the economy, low inflation was a tax cut. Conversely, rapidly rising prices were thought to penalize the economy by placing a tax-hike effect on investors, businesses, and families. It was this logic that spurred Paul Volcker (especially) and then Alan Greenspan to labor mightily in the 1980s and 1990s to bring inflation down. The Fed's favorite inflation...

Complete Title:Alan Greenspan: What Went Wrong The Former Fed chairman on Where the Economy Went Wrong, Where He Went wrong—and Ayn Rand. Alan Greenspan, the former chairman of the Federal Reserve, goes to a lot of parties. He and his wife, the TV journalist Andrea Mitchell, "sort of get invited everywhere," he says, sitting in front of the long bay window in his office on Connecticut Avenue in Washington, D.C. Lately, though, cocktails and dinners seem to have guest lists drawn almost exclusively from one political party or the other. "It used to be a ritualistic 50-50 at parties—the doyennes...

Out on the campaign trail, Fed head Ben Bernanke is an unpopular guy. Mitt Romney and Newt Gingrich have both said they would replace Bernanke, not reappoint him. Rep. Ron Paul would swap the whole Federal Reserve monetary system for a gold-linked dollar, making the yellow metal legal tender. And it was Gov. Rick Perry of Texas, before he dropped out of the race, who said more quantitative easing by the Fed would be "almost treasonous." Republicans in Washington are equally unimpressed by Bernanke. Rep. Paul Ryan recently criticized the Fed for bankrolling our huge budget deficits and thereby accommodating...

ormer Chairman of the Federal Reserve Alan Greenspan explains how the United States can pay down the debt. By printing money. Transcript: David Gregory, moderator of "Meet The Press" on NBC: "Are U.S. treasury bonds still safe to invest in?" Alan Greenspan, Former Chairman of the Federal Reserve: "Very much so. This is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default." Greenspan says the S&P downgrade was just meant to hit a "nerve" and hurt the "self-esteem...

Alan Greenspan has an interesting new take on what's wrong with the U.S. economy. He blames the young work force -- there are "major concerns about the productive skills of our future U.S. labor force" -- and U.S. trade policy mirroring China's. Greenspan interviewed himself (or so it appears) for the Globalist recently about how the U.S. is handling job creation. He says that the U.S. is doing it backwards by trying to increase jobs via trade policy. "Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living....

An unprecedented press conference was held in Washington on Wednesday – one that should have been convened a long time ago. And no, it wasn't the one to announce publication of Barack Obama's birth certificate, but rather the first of its kind by the US Federal Reserve. Believe it or not, the Fed has never before made itself directly answerable to the fourth estate for its monetary policy decisions. Accountability and explanation have instead been pursued through official statements, speech-giving, congressional committees and selective background briefings. After nearly 100 years at the helm of the US economy, the Fed has...

Treasury Secretary Says Letting Bush Tax Cuts for Rich Expire Will Not Slow Economic Growth July 24, 2010 6:00 PM In an exclusive interview on ABC News’ "This Week" to air Sunday, Secretary of the Treasury Timothy Geithner said the White House would push to let the Bush tax cuts expire for individuals making more than $200,000 a year and families making more than $250,000, but keep them for middle and lower income Americans. “We think that's the responsible thing to do,” Geithner said, “because we need to make sure we can show the world that they're willing as a...

MSNBC’s Andrea Mitchell on Wednesday used the very loaded term of "denier" to deride global warming skeptics. Talking to liberal host Rachel Maddow, she referenced Sarah Palin’s opposition to the Copenhagen climate conference and chided, "Her Facebook entry says, you know, ‘Mr. President, boycott Copenhagen.’ How do you rationalize the deniers and the impact that they are having?" [Audio available here.] "Deniers" is a word that climate skeptics find quite offensive, as many liberals equate not believing in man-made global warming to denying that the Holocaust occurred. (In January of 2007, CBS reporter Scott Pelley famously compared, "If I do...

William White predicted the approaching financial crisis years before 2007's subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy. William White had a pretty clear idea of what he wanted to do with his life after shedding his pinstriped suit and entering retirement. White, a Canadian, worked for various central banks for 39 years, most recently serving as chief economist for the central bank for all central bankers, the Bank for International Settlements (BIS), headquartered in Basel, Switzerland. Then, after 15 years in the world's most secretive...

Atlas Shrieked by: Mytheos Holt, June 16, 2009 In recent weeks, former Federal Reserve Chairman Alan Greenspan has found himself increasingly under public assault, both for his actions leading up to the current financial crisis, and for his attempts to defend these actions. In the April issue of the “Free Market” newsletter produced by the Ludwig von Mises Institute, economist Robert P. Murphy devotes an article to exploring what he sees as the failures of central banking systems generally, and Greenspan, specifically. Murphy’s article, entitled “Greenspan’s Bogus Defense,” argues that Greenspan’s rate-setting policies destabilized the relation between federal interest rates...

Former U.S. Representative and 2008 Green Party presidential candidate Cynthia McKinney has joined those seeking to take advantage of the world economic crisis to promote anti-Semitism. McKinney has published a column promoting the conspiracy theories of the far-right anti-Semite Matthias Chang. McKinney's column, which accuses George Soros and Alan Greenspan of participating in a plot to deliberately destabilize the world economy in order to install a "one-world government", uses Chang's term for this purported conspiracy: "the Shadow Money-Lenders" (not coincidentally, the title of Chang's most recent book). Typical of such conspiracy theories, Chang and McKinney connect this to an ancient...

Before I begin my analysis, I want to put the reader into the shoes of Alan Greenspan at the time in question. We have heard ad nauseum that this current economic crisis is the worst since the Great Depression. We have heard it so often that we forget just how dire things were at the beginning of the mlllenia. We entered the millenia with the bubble bursting on the internet revolution. Throughout the nineties, it looked as though our economy would be revolutionized all through the internet, and then all of that was put to an end when the bubble...