Loading ...Greed !
Greenspan was right theoritically.. deflation would not be a problem because we have the ability to print unlimited amounts of money .! CORRECT !
But he forgot about GREED ! .The Banksters got the unlimited money from the Fed …but what did they do with it ! It certainly never made its way into the economy ! THe Banksters loaned it back to the Government at higher rates than they pay for it ! What they should have done was give 100 million to each bank and told them to keep 5 % for themselves and be Forced to lend the 95% out as loans at any rate they could even 1/4 of a % .Then rinse and repeat until the private sector was flooded with ready cash .NO mortgage defaults would have occoured ,no housing crash …no bankruptsys of any sort instant inflation in the areas where it was needed …Housing! Insteadthey created inflation in FOOD,& ENERGY and every area not indexed to benefit taxpayers as food and energy are not counted in SocSec . increases .Reduce the value of their main asset their house by 30 % .. the result was to force retirees to consume savings ,get a zero return on investments and push them into poverty with no hope of ever recovering because THEY will never return to the JOB Market ! They can still do it ,but they won’t give up free money with no effort .It takes effort to make Loans ! even at .25 % theres paper work to do ! Then they give us the Unaffordable Healthcare system to further Bankrupt the Retirees and the rest of the citizens.
Why didn’t they just Print the money needed to cover the uninsured instead of doubling everyone s costs ..and we woulden’t have DEFLATION just as Greenspan said .They could have just printed and avoided DEFLATION BUT NO …..THey didn’t Print the money they just PUSHED the Cost on to those that do PAY their bills.PRINT the DAMM money and you will have your inflation and the retirees will get increases and bankruptsys will stop ! Drop it from Helocopters if you have to !
If you leave it up to the Banksters to distribute the money they will choose DEFLATION because thats how they turn their credit system loans into REAL ASSETS via Foreflosure ..they know they had reached the maximum credit with a Fractional reserve credit banking system so it bacame time to deflate and convert to Real Assets instead of Paper.Bankrupt them all and start over again ! The Chief Bankster didn’t know how Greedy his little Banksters were ! or maybe he did ! Back in the 30’s the same thing happened and they also chose DEflation …
There was a plan called the “Townsend plan” to double retirees payment PROVIDED they spent the money and had to prove they spent it ! …that would haved solved the problemn then by putting the money into hands that deserved it for working all their lives and create jobs for those still at working age .!
http://www.ssa.gov/history/townsendproblems.html
It would have injected money directly into peoples hands and saved the economy !
It was rejected then and again now because of Banksters Greed ! Greenspan ,Bernanke and Yellen KNOW this and still repeated it !