So who's happy to see Greenspan go?

[Jamison]

I honestly don't know if Bernanke will be a good Fed Chairman, but if Greenspan would have stayed around for a few more years I think we would have had 20% interest rates like we did in the early 1980's. Times were tough back then for the little guy if you remember.

Good riddance Alan you fucking piece of shit.:grr:

[rooboy]

1. My Greenspan rot in hell...

but I believe Ben Bernanke is known as "Helicopter Ben", because he once made a statement to the effect that all it takes is to print money and drop it from helicopters. In other words, shit is going to hit the fan anyway.

[hfojvt]

2. I was calling for his head

back in 2000 when he was raising interest rates as we were going into recession (or about to) and then he endorsed the Bush tax cuts and still says they can't be undone without threatening economic growth. The great and powerful wizard of Greenspan is nothing more than a glowing green head and some flame throwers providing cover for a little old man with no heart hiding behind a curtain.

And rightwingers want to give Greenspan credit for the Clinton economy. Funny that Greenspan stayed after Clinton, but the good job growth didn't. Although not so funny if you are looking for a job.

[MatrixEscape]

3. So, we are

accepting the Fed as a legitimate institution here?

The Federal Reserve is clearly a banking cabal and a real farce. It should be abolished.

[Jemmons]

4. Greenspan or not: You might be in for a loud wake up call come march!

The dollar have been under pressure for a few years now and it might get a lot worse in march or whenever the Iranian Oil Bourse starts trading oil in euros. This will likely make a lot of central banks shift part of their dollar holdings into euros thereby weakening the dollar.

The oil-trade exclusively in dollars is the crucial point and what the Iraq invasion really defended. The petro-dollar-system is the key to american wealth: "to sustain the American Empire and to continue to tax the rest of the world, the United States had to force the world to continue to accept ever-depreciating dollars in exchange for economic goods and to have the world hold more and more of those depreciating dollars. It had to give the world an economic reason to hold them, and that reason was oil."

If and when that reason is weakened the US will have to face some harsh realities: Either huge inflation or a sharp rise in interest rates.

Off course there is the theoretical possibility of going to war with Iran, but it is not a likely scenario for a number of reasons.

Check out:
http://www.321gold.com/editorials/petrov/petrov011706.html

[schmuls]

5. It doesn't really matter who occupies this position; we know what

the Federal Reserve really is.

[Broke In Jersey]

6. He was VERY overrated.

[Greyhound]

7. I'd be much happier to see the Fed dissolved. It pretty much doesn't

matter who is the chairman, it is the Fed itself that is the problem. It is the first re:puke: 'reform' that they slipped through to put us on the path to the corporatocracy we live in now.

[peekaloo]

8. Is his wife retiring, too?

Good riddance.

[Nimrod2005]

9. I am n/t