Complete video at: http://fora.tv/2009/04/15/Peter_Hartcher_Whos_to_Blame_for_the_Financial_Crisis
Journalist Peter Hartcher compares the current actions of central banks to those of Alan Greenspan after the last financial crisis. He warns that “excess money always leads to some nasty pernicious event.”
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According to Peter Hartcher, from 1996 on, Alan Greenspan, chairman of the United States Federal Reserve Board from 1987 till 2006, knew that equity markets were overheated and should have taken concerted action to cool them. In fact, Greenspan gave one speech in December 1996 questioning the “irrational exuberance” of investors but never followed up to pop the bubble.
By 1999, Greenspan had become an out-and-out cheerleader of the so-called New Economy, in which labor productivity was rising so quickly that inflationary pressures were of minimal concern. As the steward of America’s financial markets, he should have known better, Hartcher argues, but in the face of jawboning from both Congress and the White House, Greenspan buckled under and took the easy way out. – Sydney Institute
Peter Hartcher is an Australian journalist and the Political and International Editor of the Sydney Morning Herald. He is also Chair Editor of The Diplomat, an Australian foreign affairs journal, and a visiting fellow at the Lowy Institute for International Politics in Sydney.
Duration : 0:3:24
November 10th, 2009 at 3:27 pm
Lowest margin of …
Lowest margin of error from all the analysts is coming from authoropen . com in the newsletter
November 10th, 2009 at 3:28 pm
I’m thick as …
I’m thick as yet it’s plain to me that everything this man says is true. What we have witnessed has been a contrived coup of centralised economic control through debt enslavement, and we’re all pretty buggered, unless we burn their house down. It can be done, but people are simply too apathetic and scared to get mad in a serious way. Our ‘democratically elected’ reps are simply PR men for bankers and industrialist, but we need to get them out of way before going for the real crooks.
November 10th, 2009 at 3:28 pm
el 13 de octubre de …
el 13 de octubre de 1991
un niño llamado nick se tiro de un puente devido a problemas familiares
si ya leiste esto deves copiar y pegar
en otros 5 videos mas o si no
nick vendra por toda tu familia
haslo o moriran porfavor hasme? caso
yo lo lei y lo hise & si es verdad
November 10th, 2009 at 3:28 pm
I think it’s a very …
I think it’s a very controled crisis. Like a re-set of the whole economy to create something else. Have a research on Rothshields and Chase Manhatten Bank. U’ll find interesting informations.
November 10th, 2009 at 3:28 pm
yes, end the fed, …
yes, end the fed, but i think it is better that rp won’t run for president becoz if he ever wins, you-know-who/what might plan2assassinate him
November 10th, 2009 at 3:28 pm
In Switzerland the …
In Switzerland the money which was pumped into one of the biggest bank by the government is used to increase the salary of “investment bankers” (an absolute Orwellian term) while small businesses won’t get new credits and go bankrupt instead.
It’s not just that the banks get to much money to cheap, they also just go on filling the pockets of some of their employees instead of investing into businesses that actually produce goods and provide services.
They are destroying the real economy.
November 10th, 2009 at 3:28 pm
can’t give money to …
can’t give money to the people who lost all their own and expect them to handle it wisely, on top of that, the inflationary burst from all these bailouts will kill off the poor, and wipe out what is left of the middle class. end the fed, get real money into the system, not this fiat toilet paper.
I don’t care if he says he isn’t running, RP2012!!!!!!!