"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson
The US has not compensated the Indians until today. The Germans were allowed to rebuild after World War II without paying for their murders in Greece and other countries. They agree, the rulers over the slave. Everyone will pay for it.
"entitlements is 90% of it" "The U.S. will have spent almost $6 trillion on the war on terror by the end of the Fiscal Year 2019, according to an annual report out Wednesday from Brown University's Watson Institute of International and Public Affairs." Why is our exuberant offense (not defense) spending never considered? We don't need to spend this much to be safe, we are spending this much to wage war in all parts of the world.
Alan is very well spoken. Long service to many Presidents. He is not prepared to make future predictions. That is now the current admin problem. Tech advances are rapidly changing everyday life. Economic cycles are constant and will adjust accordingly to our new world.
On one side they say thete isissing treasiries for the need of the market,and mr greenspan says there is to much debt...so what about china and why there is no correction there
Central banks will be called upon to resist the increase in real interest rates - they will obey with higher inflation being the end result. Anyone lending money cheaply for 30 years at nominal rates will end up losing purchasing power after taxes and inflation. They used to call long term government bonds certificates of confiscation. It will happen again. Inflation is a political problem not a technical problem.
Alan Greenspan: "I think politically we are caught in a terrible problem. ..." Bloomberg Staff: Let's leave this bit, but cut the rest, because people aren't gonna care what the terrible problem is.
9:05 min ... 🤣 ... it's good to have a laugh out loud at times. That suggestion question was unexpected. 9:41 min ... a teacher wrote for one of my highschool P.E. reports (I'm guessing that physical education, sports class, is similar enough to gym), about me, "failed to make racket contact with the ball", I kid you not. It was somewhat true though, so what can I say. 15:07 min ... It isn't about the intellectual exercise, as it is possible to see how for some the fascination with having role models that 'look' like other people, so that other people know they can aspire to a particular role, is necessary and important, however, personally, it seems like that need, as a fascination, bypassed. As a female, for example, let's take for arguments sake, a female leadership group of female leaders for females, with the purpose of encouraging female leadership positions and females into leadership positions, well, generally speaking that is not something that resonates, and, sometimes it has a dissuading type effect. As an individual, it is about the topic, skill or endeavour itself, whether a person is into that topic, skill or endeavour in it's ownright, almost as if they are just being themselves, and wanting to encourage the continuation or lineage of that topic, skill or endeavour, and, the person as a person, their temperament, character, personality, heart and mind, their ability, skill, knowledge, craftmanship, experiences, what they've learned and discovered, and, in their role in life as a leader and role as a leader in life. It must be said though, the imagery of writing and dried water droplets on paper, and the image in the photograph from an office like scene, of Alan Greenspan, back on the floor, looking up at the ceiling, has caused self reflection, to see if, not so much with the mind as possibly with the fascination, that 'look', might be a denial internal. I'm writing this lying on my back, from a hammock, indoors, at night, in winter.
I share this because of what AG said about today and the future, not the past. Several people saw the GFC coming, and a few warned about it on TV. What Peter Schiff et al didn't see coming was the massive central bankster manipulation of the last decade.
Joe Wagner Jr. of Louusiana, Alexander Trowbridge o president of the National Association if Manufacturers, Moynihan, Claude D. Pepper of Florida, Lane Kirkland president of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), former Represenative Martha E. Keys of Kansas and Robert M. Ball commisioner of the social securiry administration from 1962 to 1973.
As well as Senators Dole, H. John Heinz III of Pennsylvania , William L. Armstrong of Colorado, Represnatives Barber B. Conable Jr. of New York, Bill Archer of Texas, Robert A. Beck chairman of the board and chief executive officer of Prudential Insurance Company and Mary Falvey Fuller a business consultant in San Francisco were all also on the commussion.
So he feels we need to cut old people's social security payments but doesn't mention the totally needless and immoral military spending. He is such a blatant a creep.
He could not do what he wanted. Everyone works in a merciless system. Had he become a musician, his mistakes would have been represented by someone else.
David, there is a great reason for the spending. There is too much money to be made in war, education and poverty. The three most lucrative business in the United Nations. Oh I e mean the United States of Democracy. Because America was sold a long time ago!!
Scott Simmons The old Greenspan from the 50s and early 60s would have been disgusted by his future policies. Greenspan in his younger years was a free market guy.
Scott Simmons It actually does. I was saying the old Greenspan was smart and had morals. If he stuck to his morals he would never have practiced the policies he did.
Scott Simmons I cant give you an exact answer but I would say because he became a part of the system, afraid of the consequences for not doing what he did. Respect from colleagues. If you want to know more about him you might be interested in The Man who Knew.
Mr. Rubenstein's interviews are often water down and frequently pander to the ego of his guests. For someone who has such broad business experience (and wealth) he really doesn't use that to illuminate additional points or go any deeper into topics than, say, a typical business journalist. Try and differentiate yourself a bit more!
Alan Greenspans book "Capitalism in America" is not only one of the best business books ive ever read but also one of the best history books aswell.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
The US has not compensated the Indians until today. The Germans were allowed to rebuild after World War II without paying for their murders in Greece and other countries. They agree, the rulers over the slave.
Everyone will pay for it.
"entitlements is 90% of it"
"The U.S. will have spent almost $6 trillion on the war on terror by the end of the Fiscal Year 2019, according to an annual report out Wednesday from Brown University's Watson Institute of International and Public Affairs."
Why is our exuberant offense (not defense) spending never considered? We don't need to spend this much to be safe, we are spending this much to wage war in all parts of the world.
surviving for the US ........IS WAR
2018 financial crisis is not Alan Greenspan's fault. It is more attributed to the fault of Henry Paulson and Bernanke.
@@nklee71 o.k. this will not matter anymore. They all together were serving as criminals.
the reason US can print green paper and get stuff in return is because the world is scared of the US military.
clever how he plays knowledgeable and innocent
Thank you Mr. Rubenstein for interviewing great figures, and for having such a respectful personality.
Where can I get glasses like Rubenstein’s? I am looking for an alternative to warby parker
Alan is very well spoken. Long service to many Presidents. He is not prepared to make future predictions. That is now the current admin problem. Tech advances are rapidly changing everyday life. Economic cycles are constant and will adjust accordingly to our new world.
Robert Kiyosaki, Peter Schiff and Ray Dalio all predicted the crash as well as many others...
Today again
Nouriel Roubini, John Paulson, Michael Barry....
Thanks Mr, Greenspan, going to read Atlas Shrugged now!
I don't agree with ayn Rand vision about the liberalism
@@extremeownership5223 Rand has things to agree and disagree with
On one side they say thete isissing treasiries for the need of the market,and mr greenspan says there is to much debt...so what about china and why there is no correction there
Central banks will be called upon to resist the increase in real interest rates - they will obey with higher inflation being the end result. Anyone lending money cheaply for 30 years at nominal rates will end up losing purchasing power after taxes and inflation. They used to call long term government bonds certificates of confiscation. It will happen again. Inflation is a political problem not a technical problem.
Alan Greenspan: "I think politically we are caught in a terrible problem. ..."
Bloomberg Staff: Let's leave this bit, but cut the rest, because people aren't gonna care what the terrible problem is.
9:05 min ... 🤣 ... it's good to have a laugh out loud at times. That suggestion question was unexpected.
9:41 min ... a teacher wrote for one of my highschool P.E. reports (I'm guessing that physical education, sports class, is similar enough to gym), about me, "failed to make racket contact with the ball", I kid you not. It was somewhat true though, so what can I say.
15:07 min ... It isn't about the intellectual exercise, as it is possible to see how for some the fascination with having role models that 'look' like other people, so that other people know they can aspire to a particular role, is necessary and important, however, personally, it seems like that need, as a fascination, bypassed. As a female, for example, let's take for arguments sake, a female leadership group of female leaders for females, with the purpose of encouraging female leadership positions and females into leadership positions, well, generally speaking that is not something that resonates, and, sometimes it has a dissuading type effect. As an individual, it is about the topic, skill or endeavour itself, whether a person is into that topic, skill or endeavour in it's ownright, almost as if they are just being themselves, and wanting to encourage the continuation or lineage of that topic, skill or endeavour, and, the person as a person, their temperament, character, personality, heart and mind, their ability, skill, knowledge, craftmanship, experiences, what they've learned and discovered, and, in their role in life as a leader and role as a leader in life.
It must be said though, the imagery of writing and dried water droplets on paper, and the image in the photograph from an office like scene, of Alan Greenspan, back on the floor, looking up at the ceiling, has caused self reflection, to see if, not so much with the mind as possibly with the fascination, that 'look', might be a denial internal. I'm writing this lying on my back, from a hammock, indoors, at night, in winter.
I share this because of what AG said about today and the future, not the past. Several people saw the GFC coming, and a few warned about it on TV. What Peter Schiff et al didn't see coming was the massive central bankster manipulation of the last decade.
Haha, no one predicted the crisis? Nasim Taleb did unless of course predicting the crisis means getting the year and date right.
The editing here needs to be improved, because it cuts out too much of the important parts of the interview. (e.g. 3:38 - 4:00)
they had a commission on saving social security that Chairman Greenspan headed February 27, 1982.
Joe Wagner Jr. of Louusiana, Alexander Trowbridge o president of the National Association if Manufacturers, Moynihan, Claude D. Pepper of Florida, Lane Kirkland president of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), former Represenative Martha E. Keys of Kansas and Robert M. Ball commisioner of the social securiry administration from 1962 to 1973.
As well as Senators Dole, H. John Heinz III of Pennsylvania , William L. Armstrong of Colorado, Represnatives Barber B. Conable Jr. of New York, Bill Archer of Texas, Robert A. Beck chairman of the board and chief executive officer of Prudential Insurance Company and Mary Falvey Fuller a business consultant in San Francisco were all also on the commussion.
on March 24, 1983 it passed the House 243-102 and on March 25, 1983 the Senate added its endorsement 58- 14.
Cox yaxşi. Əla
Ron Paul predicted the crash and even testified in front of congress.
So he feels we need to cut old people's social security payments but doesn't mention the totally needless and immoral military spending. He is such a blatant a creep.
So productive, calling him names. It's not his fault in the slightest, that politicians practice communism by taxing & spending money we do not have.
He could not do what he wanted. Everyone works in a merciless system. Had he become a musician, his mistakes would have been represented by someone else.
Half way through David Rubinstein lost the plot and did not keep it engaging. Missed an opportunity to ask so many great questions of this maestro
Incredible interview, thank you so much! Can’t wait for the next one! Interesting what Mr. Greenspan would say about Trump’s IQ 😁🤣😂
About time he interviewed the legend at the same time all-time crook
He's not a crook. Provide some evidence. Are you a crook?
This guy know every dam thing about 2008 recession
David, there is a great reason for the spending. There is too much money to be made in war, education and poverty. The three most lucrative business in the United Nations. Oh I e mean the United States of Democracy. Because America was sold a long time ago!!
As always private equity Win again
I always do the opposite of what Greenspan says. But this is fucking scary. Even this vulture sees whats coming.
Scott Simmons The old Greenspan from the 50s and early 60s would have been disgusted by his future policies. Greenspan in his younger years was a free market guy.
Scott Simmons It actually does. I was saying the old Greenspan was smart and had morals. If he stuck to his morals he would never have practiced the policies he did.
Scott Simmons He knew what he was doing was wrong but he did it anyway.
Scott Simmons I cant give you an exact answer but I would say because he became a part of the system, afraid of the consequences for not doing what he did. Respect from colleagues. If you want to know more about him you might be interested in The Man who Knew.
Mr. Rubenstein's interviews are often water down and frequently pander to the ego of his guests. For someone who has such broad business experience (and wealth) he really doesn't use that to illuminate additional points or go any deeper into topics than, say, a typical business journalist. Try and differentiate yourself a bit more!
That is why his guests agree to be interviewed. The deep stuff and secrets only are discussed in private.
oh no, lower productivity, how terrible to come across such a statistic
He said, Capitalism won the second world war. He has a skewed view of history.
Is there any hope this guy will just go away!
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