Greenspan Blames Old People for Banker Destroyed Economy
Private bankster cartel wizard would turn America into a third world wasteland.
Kurt Nimmo
Prison Planet.com
April 15, 2016
On Thursday the former boss of the private banker cartel in control of the US economy, Alan Greenspan, told CNBC older Americans are responsible for the financial mess.
He said austerity measures proposed by the Simpson-Bowles Commission would solve the problem. The commission proposed shoring up deficit spending by cutting benefits to the elderly, veterans and government employees. A bill modeled on the plan was defeated in Congress back in 2012.
Greenspan is correct that entitlement spending is responsible for much of the national debt. However, he ignores the fact the class he represents—the financial oligarchy—is responsible for crashing the economy by creating asset bubbles fed by “easy” money policies implemented by the Federal Reserve and central banks.
Greenspan figures prominently in the destruction of the economy, a fact recognized by Time Magazine when it featured him as one of the “25 People to Blame for the Financial Crisis.”
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