Alan Greenspan & ABC Challenge

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  • Опубліковано 30 вер 2024
  • Here is the blog of the ABC reporter who interviewed Greenspan: blogs.abcnews.c...
    ...also check me out on / peterschiff and / schiffforsenate

КОМЕНТАРІ • 191

  • @Dirkzero1
    @Dirkzero1 14 років тому +1

    it's sad that so few people know about you. You're a smart man Peter!

  • @medhue
    @medhue 14 років тому

    Nice, Peter! I would throw some money at seeing you are greenspan go at it.

  • @WritingandFighting
    @WritingandFighting 14 років тому

    Don't look to get on those shows Peter, they have to be dumbed down to the lowest common denominator. Explaining a bubble caused by excessively low interest rates causing malinvestment and capital distortion is a tough duty. On the flip side, blaming the crisis due to "deregulation" is easy, and that's why that belief is so widespread. For this reason, I don't think ABC or other mainstream mediea would appreciate you on there, but we can at least try.

  • @stayingawake20
    @stayingawake20 14 років тому

    Peter, I always love your vids. And, I am a customer. Keep up the good work brother!!! Thanks Man

  • @Phi1point62
    @Phi1point62 14 років тому

    (Part 4)
    "...the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide..."

  • @Phi1point62
    @Phi1point62 14 років тому

    (Part 3)
    "...this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates.
    The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market -- triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking..."

  • @Phi1point62
    @Phi1point62 14 років тому

    (Part 2)
    "More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain;..."

  • @Phi1point62
    @Phi1point62 14 років тому

    (Part 1)
    Greenspan knew what the consequence of his action would lead from the beginning. In 1966, he wrote an article called "Gold and Economic Freedom" which was included in Ayn Rand's "Capitalism: the Unknown Ideal". The following outlines one of the main causes of the stockmarket crash of 1929:
    "When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage."

  • @cleburne61
    @cleburne61 14 років тому

    @PilsenB Exactly! Right now, little Timmy Geithner is trying to get Beijing to revalue the yuan...and little does he know, China has been brer rabbit, faking a fear of doing just that. "Please don't throw us in that briar patch, Mr. Geithner's insistence on them raising the yuan against us....will help trigger the dollar's demise, even as it ushers in a new 'golden age' for gold. ;)

  • @inkjetlabel
    @inkjetlabel 14 років тому

    I vaguely remember reading somewhere that Ayn Rand's nickname for Alan Greenspan was "the Undertaker." 'Course undertakers usually don't have much to do with creating the corpse, as Greenie has in creating a US economy that is on life support, if not causing the next of kin to start looking for the Health Care Proxy. Still, the nickname resonates with me somehow, and I'm not really a fan of hers.

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    @601373
    * laissez faire
    My anger comes from the fact that almost everyone knows about Ayn Rand and Greenspan, but few know Von Mises, even though--to me--he is a superior thinker to both. I don't have much against Rand, really.
    @ the other guy, Mises himself is a Kantian, I'm not claiming the man invented logic. But Rand, Mises, and AG were contemporaries, read the same things, and interacted. I think Mises >> Rand >>>>>> AG, but who gets the glory?

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    @601373
    and (2) she has (more or less) the same ideas as Mises, except for 'objectivism' v. 'subjectivism' and subjectivism is better.
    Von mises derived his respect for individual rights and his theories on money and the business cycle from Carl Menger's subjective value theory (the opposite of 'objectivism').
    Under Rand's 'objectivsim,' Voluntary charity is communism. I don't believe this, so I think Mises's subjective value theory is a better foundation for a laissez fiar position.

  • @1PrinceWilliam
    @1PrinceWilliam 14 років тому

    I never get enough. I'm hoping that this debate can come to fruition. I remember when Ron Paul challenged Ben Stein to an economic debate late December after fraudulently criticizing Dr. Paul of being antisemetic. I know he's aware of the challenge but to no avail...a good debate on economic policy (not to mention foreign policy) is something that is gravely needed in this country. Hopefully someone will step up.
    I love how Peter said that he'd pay Greenspan just to debate him...brilliant!!

  • @1PrinceWilliam
    @1PrinceWilliam 14 років тому

    I never get enough. I'm hoping that this debate can come to fruition. I remember when Ron Paul challenged Ben Stein to an economic debate late December after fraudulently criticizing Dr. Paul of being antisemetic. I know he's aware of the challenge but to no avail...a good debate on economic policy (not to mention foreign policy) is something that is gravely needed in this country. Hopefully someone will step up.
    I love how Peter said that he'd pay Greenspan just to debate him...brilliant!!

  • @nubraskan
    @nubraskan 14 років тому

    @maskedphrogg 8:53 Peter asks if we can get this to go viral. Perhaps the video was too long and wordy and you missed that specific part... which is my point. If HE wants his callout to go viral, it will probably need to be more straight to the point.
    I can forward this to my friends like Peter wants, but we'll lose their attention after they see it's a 9 minute video of Peter talking.

  • @62636263c
    @62636263c 14 років тому

    Their was lots of people saying the housing market was going to collapse, just no one wanted to here it. The same thing happened during the dotcom bubble. Even after the collapse it took quite awhile before those folks got any real air time. Then they had the gall to blame them for the bust because they scared investors out of their investments, and that it would rebound once the investors realized this. History seems always to repeat itself.

  • @Phi1point62
    @Phi1point62 14 років тому

    (Part 5)
    "... series of bank failures. The world economies plunged into the Great Depression of the 1930's."
    I'd would love to see anyone ask Greenspan about his actions in relation to this article and what his answer would be. He won't be able to hide behind that stupid "It was Capitalism's fault!" defence that he's always using.

  • @BlueBustard
    @BlueBustard 14 років тому

    Peter would lose the debate. Greenspan moves his mouth and sounds come out that are completely incomprehensible, disordering the thoughts of all within earshot. Indeed, Peter must be crazy. Who would willingly beat their own brains out by subjecting themselves to intellectual fog as thick as a cast iron pot.

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    @601373 My post states that Greenspan turned keynsian becuase the government gave HIM the power to print money (as opposed to someone else).
    I call Rand a "rip off" here only because (1) she undeniably was aware of the Austrian school and Mises:
    [worldwideweb]-[dot]-aynrandstudies-[dot]-com-[slash]-jars/v6_n2/6_2toc[dot]asp

  • @chuska8383
    @chuska8383 14 років тому

    @roaad Read what Alan wrote about back when he was a follower of Ayn Rand and Capitalism before he sold out. That will help explain why, given Alan's position of financial and monetary power in our statist system, it would be so beneficial for him to grow a pair and admit his mistakes instead of trying to pass the blame.

  • @cupocity303
    @cupocity303 11 років тому

    I like how Peter never mentioned Michael Burry's name when he referred to the op-ed he wrote. Don't wanna promote him eh?
    The difference between Burry and Schiff is that Michael Burry is a genius recluse who keeps private and had made his clients money left and right. While Peter more depends on promoting himself and profiting off of book sales. Then it's on to Radio and Politics.

  • @DSBac
    @DSBac 14 років тому

    @Lerakon2 - The govt. is what's destroying jobs in America. Why do you think all these companies are moving overseas? It's cheaper and easier to do it there than here. And are the companies going to these countries forcing people to take jobs at low wages? Or are the people taking the job by choice? Would it be better that they have a job with low pay or no job at all? I think you're taking a lot of things for granted.

  • @DSBac
    @DSBac 14 років тому

    @Lerakon2 - So if they just believed in their job or did it correctly it, then the regulations would have worked? Nonsense. The problem was that the regulations themselves were bad. Everybody knew banks were making these loans and from Clinton, to Bush, Greenspan, Barney Frank, etc. and encouraged it. The free market doesn't bail banks out, the free market doesn't insure banks that make loans with a 3% down payment. The govt. does! Why do you think all these banks failed?

  • @DSBac
    @DSBac 14 років тому

    @Lerakon2 ...contd...The Bush administration DOES bear some blame, but not due to a lack of regulation - it was government regulation and their stamp of approval on the non-sense that created the monster. But this is a very brief summary. You should check out Schiff's "Mortgage Bankers speech" which is like an hour long - but he lays it out in good detail - what would happen before it happened. It's in his Favorites section, I think.

  • @mr82769
    @mr82769 14 років тому

    @seamstobe Its not like he was trying to keep it a secret. His job is to make money for his clients and thats what he was trying to do. Should he have followed the other lemmings of the cliff?
    I disagree with Schiff on a number of things but he went against the current and you have to respect that.

  • @DSBac
    @DSBac 14 років тому

    @Lerakon2 - The low rates (created by the Fed - NOT the free market) made it possible for banks to lure people into sub-prime loans, like ARMS, etc. Rates finally did go up, and people couldn't afford to pay these loans. They defaulted and banks started to fail. These interest rates/loans would not have existed under true free market conditions... (contd.)

  • @kev492001
    @kev492001 14 років тому

    Right on Pete right on! I can't believe they put people like Alan and others where they are at and let them get away with everything!! Familys have been torn up because of all this and its ok?? Nothing but liars, should be in jail!!

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    @joeymackaroni just sell when Bernanke announces that he will raise interest rates to 50% to hawk the inflation he created. Volker had to go to 20%, so I figure Ben is going to have some work to do.
    They'll tell you when to buy and when to sell.

  • @DavidMonteCristo
    @DavidMonteCristo 14 років тому

    Peter is a natural speaker and knows his subject well. I look forward to seeing him in future national debates (first for the senate and then later for the presidency). A ticket composed of Peter Schiff and Ron Paul would be just what this country needs.
    James

  • @slhines7
    @slhines7 14 років тому

    I wrote ABC news and this was their response to me:
    Dear , Thanks for sending us the feedback. We read every piece of information we get from our users, and will forward your contribution to the right people here at ABC News. Please stay in touch. Sincerely,The ABCNEWS team

  • @BlueBustard
    @BlueBustard 14 років тому

    I have met more than my share of "very intelligent" Ivy League folk, and if pretentiousness could power a rocket ship we could send them all to Mars - a much more fitting milieu for their multi-faceted talents.

  • @nubraskan
    @nubraskan 14 років тому

    I do think it would be easier for me to forward this video to others if it was more straight to the point. A two minute video containing an aggressive callout would be much more contagious as a viral video.

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    Meanwhile, the greatest economist to ever live--and the author of Rand and Greenspan's only "original" and "correct" ideas--couldn't get tenured at NYU. shame, shame shame.
    Peter Schiff = Von Mises's Revenge.

  • @n0us3rn4m3s4v41l4bl3
    @n0us3rn4m3s4v41l4bl3 14 років тому

    "you sir, Alan Greenspan, are the biggest failure of them all." OMFG.
    Peter's old articles making fun of Greenspan are pretty hilarious in light of the current problems too. Check out the archives on Europac.

  • @PilsenB
    @PilsenB 14 років тому

    @HILL1776BILLY The value of the dollar would fall relative to the Chinese RMB. It would probably also fall faster relative to some or all other major currencies. The price of gold in dollars would go up.

  • @fiatalfa1
    @fiatalfa1 14 років тому

    I am supporting Peter for his CT senate run. I would suggest you folks do as well. A small donation may save you thousands in the future if Peter can get elected. Shiff for senate!
    Go Pedro!

  • @03studios
    @03studios 14 років тому

    i remember when you said that people would start walking away from their homes back in 2008 and every one thought you didnt know what you were talking about..... but look at whats happening now. Great Job Peter

  • @ItsAllAboutGuitar
    @ItsAllAboutGuitar 14 років тому

    I'm very proud to say that I just donated to the Schiff For Senate Campaign! This is my first ever donation to a political candidate, because he is one of the few that's worthy.

  • @josda1000
    @josda1000 14 років тому

    Everyone, read "End the Fed"! Dr Paul talked about how Greenspan KNOWS Austrian Economics and the gold standard works, and then he backed off on it when coming into the central bank!

  • @TheMiseryIndex
    @TheMiseryIndex 14 років тому

    I'm surprised Greenspan didn't have a shop selling magic mortgage pills, they make you live to be 200 years old cos that's how old you'd have be to pay off a sub prime mortgage,,

  • @themiddleright
    @themiddleright 14 років тому

    Peter, thank you. Your insight + my economic understanding has allowed me to thrive in this time of economic chaos. Keep up the great work. Lots of us are listening!

  • @casienwhey
    @casienwhey 14 років тому

    you gotta give Peter credit for calling it like he sees it. Hard to believe that Greenspan could have veered so far the gold standard beliefs he once espoused.

  • @slhines7
    @slhines7 14 років тому

    I just wrote ABC news as you encouraged us to do. I personally do not think that they will respond at all. Good job and know that I have been contributing to your campaign.

  • @imperator22
    @imperator22 14 років тому

    Campain boost very clever Peter
    i would LOVE to see that
    you would be number 1 kandidate
    because people would see that you know what u r talking about

  • @voxdeixx
    @voxdeixx 14 років тому

    you are right, Peter. I knew several people who were saying and writing back then what Greenspan now wonders scrathting his little bald head.

  • @haveabeer123
    @haveabeer123 14 років тому

    @Richandler not only liberals...in fact most were conservatives like Cavuto, Laffer, Ben Stein, Forbes and many other conservative clowns...

  • @goldspring187
    @goldspring187 14 років тому

    guaranteed Alan and Helicopter Ben subscribe to this channel..they gotta be prepared!
    your masks can only stay on for so long boys! .. LOL

  • @drywater2k
    @drywater2k 14 років тому

    @HiveDes Because they actually think and do things logically instead of blindly obeying what their corporate overlords tell them to do.

  • @NormanMoran
    @NormanMoran 14 років тому

    Alright, who could possibly be the ONE thumbs down rating this video? Does Mr. Greenspan have a UA-cam account?
    Great challenge Peter!

  • @DSBac
    @DSBac 14 років тому

    @Lerakon2 - Did I say I was defending breaking the law or ripping people off? It's ludicrous to me that you extrapolate that from my statement.

  • @rationalCrash
    @rationalCrash 14 років тому

    @PostBush : but greenspan, like many fed chairmen work in concert with the politicians. I think that's what peter was referring to.

  • @bizwiz21
    @bizwiz21 14 років тому

    I laughed at that comment about how he (Greenspan) knew maybe 4 or 5 of the people who were in the know. Such a self-serving phony.

  • @Richandler
    @Richandler 14 років тому

    It's sad that people don't get this or care to do their research. Peter had everything right and yet liberals dismiss him as crazy.

  • @OktoberTrey
    @OktoberTrey 14 років тому

    @bi0dude42O: Why not? If you have a problem with political discourse on Easter, why are you watching political videos on Easter? :)

  • @cloudstrife543
    @cloudstrife543 14 років тому

    I thought for sure Peter was about to drop the F-bomb in his speech against Greenspan, lol. Good video, I love the passion.

  • @martintheguitarist
    @martintheguitarist 14 років тому

    I love your stuff Peter but you are wasting your time. The masses learn only by pain and the politicians never admit anything.

  • @BackInTheGarden
    @BackInTheGarden 12 років тому

    Interesting BUT... This playlist ain't "Listeners Questions" as stated on the UA-cam main page ...SCHIFF HEAD! :-|

  • @jadnsofia
    @jadnsofia 14 років тому

    Why don't you debate with Bush ?? I believe Greenspan was instructed by Bush to build the housing bubble ...

  • @jsmythib
    @jsmythib 14 років тому

    That one of the most impressive challenges I think Ive ever heard.
    Greenspan could not do it- he would be ruined.

  • @independence4wales
    @independence4wales 14 років тому

    @joandoinjapan - he will, and he should keep repeating the message until the people concerned start listening

  • @alanhowitzer
    @alanhowitzer 14 років тому

    Tried several times to donate to the campaign the other day, but the website wouldn't accept my information.

  • @dream2last
    @dream2last 14 років тому

    @marniespeaks how long he is going to live, he is 90 years old, he dont give a damn about anything

  • @orionstarman
    @orionstarman 14 років тому

    @PostBush He grew up in a home where he saw his father fighting against the government his whole life.

  • @phatboy666666
    @phatboy666666 14 років тому

    This criminal will never tell the truth cuz he knows damn well prison will be waiting for him!

  • @longtrader546
    @longtrader546 14 років тому

    I wish i lived in CT So I can vote for Peter!! CT, Come on, put this man in the senate for America!

  • @Freethought42
    @Freethought42 14 років тому

    Oh yeah!!!
    I love it, calling out Greenspan like that
    Is he man enough to debate? ;p

  • @Sentinel4truth
    @Sentinel4truth 14 років тому

    This video just reinforces three of the most important words in America: END THE FED!!!!

  • @IWashMyOwnBrain
    @IWashMyOwnBrain 14 років тому

    @mcdonaldscalling21 Go Germany good earnings......good luck with the IMF and Greece.....

  • @gone556
    @gone556 14 років тому

    @bowtie728 When the Dow and the price of 1 ounce of gold are equal is a good indicator.

  • @ardizd
    @ardizd 14 років тому

    Peter, write to WSJ let them know, don't just blog here, let people know about yourself

  • @HiveDes
    @HiveDes 14 років тому

    Why can't these rational Republicans be the ones running the party? Too many nutball theocrats.

  • @gnuochtapir
    @gnuochtapir 14 років тому

    The debate between Peter and Alan should be inside the Octagon. UFC could sponsor it!

  • @roaad
    @roaad 14 років тому

    Why are you challenging a senile old man? Why not a more legit and lucid opponent?

  • @CurtHowland
    @CurtHowland 14 років тому

    Elect Schiff! He admits he's not a genius, but he knows islands don't capsize.

  • @begood88
    @begood88 14 років тому

    Omg Peter is on fire.. Greenspan vs Schiff on national TV ? Make it happen!

  • @Vodka2389
    @Vodka2389 14 років тому

    So why didn't Peter bet against the collapse of subprime?

  • @Vodkatonic11
    @Vodkatonic11 14 років тому

    good for you Peter! Great updates for website/youtube etc.
    looking good!

  • @roseagain2
    @roseagain2 14 років тому

    I thought Peter was supposed to be in China. Let's get this debate going!!

  • @adventuresineurope
    @adventuresineurope 14 років тому

    Great video Peter! D

  • @herzogsbuick
    @herzogsbuick 14 років тому

    GREAT VIDEO! Peter, this is the way forward man, you're gonna knock 'em dead

  • @esoteridactyl
    @esoteridactyl 14 років тому

    Does anyone have the email addresses we should be emailing at ABC?

  • @vince4782
    @vince4782 14 років тому

    WOW Peter... one of your best videos!!!!!!!!!!!!
    you speak so well

  • @alphabeets
    @alphabeets 14 років тому

    Another fantastic video, Peter. Thank you so much for your work.

  • @tradermike429
    @tradermike429 14 років тому

    Nice peter, I emailed ABC and requested you to be on the show

  • @dxmakina
    @dxmakina 14 років тому

    if i new alan greenspan, i'd definately post it to his facebook lol

  • @jayangli
    @jayangli 14 років тому

    @OilTradingAcademy yar you make money for people you yahyah

  • @cankorgbr
    @cankorgbr 14 років тому

    people! post this on your twitter and facebook pages!!!!!!!

  • @billyjoebobway
    @billyjoebobway 14 років тому

    Been listening to you for over 5 years...your da man Peter!

  • @PrivateAckbar
    @PrivateAckbar 12 років тому

    I fucking love Peter's indignation. He's such a top bloke.

  • @seekerofgod7777777
    @seekerofgod7777777 14 років тому

    That debate would make Schiff a shoe in for the Senate :P

  • @-Aurumn-
    @-Aurumn- 14 років тому

    Greenspan is senile. What good would it do to debate him?

  • @roseagain2
    @roseagain2 14 років тому

    Please!! Make this happen people!!! Thank you Peter!

  • @roosboom
    @roosboom 14 років тому

    I would like seeing Alan Greenspan and Peter Schiff together!

  • @rupertmja1
    @rupertmja1 14 років тому

    Well said - go for it. It's not even a challenge ...

  • @88relient
    @88relient 12 років тому

    ...and him and Farage sing off the same hymn sheet.

  • @flagship21
    @flagship21 14 років тому

    GReenspan VS Peter the ulitmate fighting challenge

  • @bi0dude42O
    @bi0dude42O 14 років тому

    i love peter but he shouldn't be posting on easter

  • @dxmakina
    @dxmakina 14 років тому

    if i knew alan greenspan, i'd post this to his facebook lol

  • @TheMiseryIndex
    @TheMiseryIndex 14 років тому

    scary thing is Geitner was in Downing St last wk.

  • @haveabeer123
    @haveabeer123 14 років тому

    @anevilpettingzoo Thanks! I´m emailing right now.